Trump : "no one will insure my $464M bond"
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Nice try but people were making 3-5x initial investment before the IPO, posted on this forum.
nBGOL has more threads about Trump than his media company but claims to hate him. Can’t make this shit up
Legal fees and fines are going to eat all that up. It also makes it so he can't say he doesn't have the money for anything that comes up. He now has a billion dollar target on his back.
This honky stay protecting his kindNice try but people were making 3-5x initial investment before the IPO, posted on this forum.
nBGOL has more threads about Trump than his media company but claims to hate him. Can’t make this shit up
Trump’s $175 million bond in New York civil fraud judgment case is settled with cash promise
NEW YORK (AP) — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals.
The agreement cut short a potential day-long court hearing in Manhattan that was to feature witnesses.
As part of a deal struck during a 20-minute recess, lawyers for Trump and Knight Specialty Insurance Company agreed to keep the $175 million in a cash account that will gain interest but faces no downside risk. The account so far has grown by over $700,000.
The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing a court case brought by the Democratic attorney general. She had alleged that Trump, along with his company and key executives, defrauded bankers and insurers by lying about his wealth.
The ex-president and presumptive Republican nominee denies the claims and is appealing the judgment.
Judge Arthur Engoron, who in February issued the huge judgment after concluding that Trump and others had deceived banks and insurers by exaggerating his wealth on financial statements, presided over Monday’s hearing and at times was caught in a testy exchange with Trump attorney Christopher Kise.
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Engoron challenged Kise with examples of how the money Trump had posted might not be available for collection if the judgment were upheld, leading Kise to respond in one instance that the judge’s “hypothetical is ... wildly speculative.”
At another point, Kise expressed frustration with the office of New York Attorney General Letitia James, saying: “It appears that no matter what we do they’re going to find fault with it.”
But Andrew Amer, an attorney for New York state, proposed settlement terms soon after he began speaking at the hearing. He said the state wanted extra assurances because Trump had raised the money with help from a relatively small out-of-state insurance company.
As part of the deal, Knight Specialty Insurance, a Wilmington, Delaware-based part of the Los Angeles-based Knight Insurance Group, will have exclusive control of the $175 million and will submit to the jurisdiction of the New York state court while agreeing not to move the money into mutual funds or other financial instruments.
Speaking to reporters in the hallway outside Trump’s separate criminal hush money trial, his attorney, Alina Habba, said Engoron “doesn’t even understand basic principles of finance.”
“We came to an agreement that everything would be the same, “ she said. ”We would modify terms and that would be it.”
Trump also railed against Engoron, accusing him of not understanding the case.
“He challenged the bonding company that maybe the bonding company was no good. Well, they’re good. And they also have $175 million dollars of collateral -- my collateral,” he said.
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AP Writer Jill Colvin contributed to this story.
That’s why his executive team stated publicly they would do whatever they could to prevent short selling. If the market doesn’t try to take it down, Trump might himself to cash out.
Perhaps you can relate. The Devil is mentioned quite a few times in The Bible, but that doesn't mean he's loved.
Secret Service prepares for if Trump is jailed for contempt in hush money case
Secret Service prepares for if Trump is jailed for contempt in hush money case
Judge Merchan on Tuesday reserved decision after a contentious hearing.
This makes sense cause his shit was headed below $20 then it went back to the mid $30s
And now I was heading back to the 20s and below
Hmmm....... buy low sell high, I always say.... how volatile is that bitch?
OP has about 100 threads created related to Trump himself and isn’t even American. The obsession is unhealthy and not productive.
Grand Opening…
Grand Closing
If he's having issues with his stocks maybe he should watch Nancy Pelosi she doesn't have any problems making money in the stock market. It's almost as if she has an inside track to what stocks will be successful and what stocks to sell right before they lose money.
Always deflecting back to Dems. Oh but you’re not a Republikkklan. Fucking bitch