“his net worth is derived largely from the value of his real estate, which bond companies rarely accept as collateral”
Well yes, especially after being caught lying about its value…!
And being famous for not paying people he had previously agreed to.
Don’t worry. The Russian Mob will give him bailout money just like they did for his failed casino and property business. They just need to figure out the best way to launder the money with a regulator watching the business.
I mean its not like the court wont know where the bond is coming from.
If he could get away with some shit like that he would have already tried.
I mean its not like the court wont know where the bond is coming from.
Because if there’s something the mob is bad at, it’s money laundering.
Oh, wait…
I mean you can be as cynical as you like, but before now, Trump did not have a court appointed (the judge in this case) monitor reviewing his financial transactions.
Its one thing to do money laundering and get away with it. Its another thing to effectively having been caught for money laundering, to do so under the observation of someone assigned to monitor you because you got caught. Trumps ability to do shady shit to get this bond is severely curtailed; its just a fact. If anything, the deeply cynical would recognize that if this weren’t the case, he’d have already done some extremely shady shit like selling off the Statue of Liberty to make bond.
That’s a fair point, although I do wonder whether state actors – ie. Russia – could have ways of getting around that. It’s not like the transaction has to be directly to Trump, but to some front organization and of course laundered in some way
Like I said, if he could get away with a shady deal here, he would. If you gonna pick cynicism as a worldview, gotta commit fully. I think there is nothing he wouldn’t do if he thought it was even possible for him to get away with it. The fact he hasn’t already dome something like that tells me he knows its not possible.
Laundering money isn’t a get rich quick scheme.
You start with cash and end up with less cash, the launderer ends up with that “less” part.
Trump doesn’t have cash. He was doing the laundering.
I think they mean until Russia figures out how to loan Trump the money without the regulators figuring it out.
These days it seems to be about selling things that don’t have an inherent price, like artwork (or sneakers). I throw some paint at a canvas and put it up for sale for $1M. Someone buys it, but we have an understanding that I’ll do sometime for them, and if I don’t I’ll have to buy special pants for the rest of my life.
This sparks joy.
The sad thing that if he goes bankrupt there are thousands of Americans who will line up to give him money.
They’ll tell themselves that he’s broke because he was serving his country, and that this is all political.
Meanwhile they’ll let real veterans die in the gutter.
The sad thing is hundreds of thousands are falling over eachother to donate him money while they believe he’s a multi-billionaire
He announced on Day One that he wouldn’t accept any donations. He started out paying a little, but it looks like that was ‘priming the pump’ [a term Trump claims top have invented]
https://www.cnn.com/2017/05/11/politics/donald-trump-priming-the-pump/index.html
I’m fine with this. Let them go broke, too. It’ll keep them from being able to cause as much trouble.
Guess you’d better sell some stuff then, my guy.
