E Jean ... Deal with it!

[Nordberg]

A lot of people mistakenly think rich people have $400 million in cash on hand, so trump's claims would not disturb me... If he were not a billionaire. There is no reason anyone should keep $400 million in cash on hand. You would lose tens of millions a year, for no reason. You should invest almost all your money, and if you suddenly need money, borrow it until you can free up some money.

I would not be surprised if trump has a big vault of gold coins he swims in like Scrooge McDuck, and thinks all the other billionaires have one.

Trump said it. No mistake was made. He added like he always does, that maybe he had a lot more available cash. Trump's big mouth and constant lying costs him money and court cases.

 

[Walt]

And that is what the most stupid Magats here do not understand as they mock the idea that it will be her heirs chasing the money forever similar to the OJ, Alex Jones, and Giuliani situations.


Trump has already posted the entire first $5MM and now has to decide whether to offer E Jean a settlement amount lower than the award to get it done quick and move on... or, to Appeal and have to post the entire amount (cash or bond). Either way E JEan is paid INSTANTLY after the last appeal from the money put in Court trust.

The Appeals processes do not take that long for these Civil cases. It would be stretching it to say it will 5 years, and likely all appeals are done in less than 3, and then the cash/or bond will pay E Jean IMMEDIATELY.

No chasing cash and hiding assets.

The system has already worked out trump's games. he won't be able to hide his assets. he will pay her.... Or someone will. he might get a loan from Putin to pay her, and have Putin pay her.

 

[Walt]

Trump said it. No mistake was made. He added like he always does, that maybe he had a lot more available cash. Trump's big mouth and constant lying costs him money and court cases.

And trump wonders why it is so hard for him to find a lawyer.

 

[QP!]

The system has already worked out trump's games. he won't be able to hide his assets. he will pay her.... Or someone will. he might get a loan from Putin to pay her, and have Putin pay her.

Yup,

Magats are dumb so they look at how OJ, and Alex Jones, and Giuliani have and will be able to stretch out payment, making the person play 'good luck finding my money', and they think Trump can do the same. He CANNOT.

Trump wealth is mostly tied up in assets that are already leveraged, meaning he can do nothing with them, without the bank or lien holders consent. Trump also has a Court Monitor already in place (thanks to the brilliance of Lettisha James) who sees all this transaction records for all cash and assets.

Trump will also be forced to put up all, or substantially all of the award E Jean won in to the Court Escrow account. He already put the entirety of the first $5MM into that account.

Even if Trump gets Putin or someone else to guarantee a Bond, so that a Bond will be placed for Trump, and Trump screws over the person who put up the Bond, E Jean still gets paid. It is the Bond Holder who then has to chase Trump.

Civil appeals do not typically take the time that criminal ones can and at most E Jean should be waiting 3-5 years with the maximum games Trump might pay.

And E Jean can sell off part of her Award today if she wants cash. There are all sorts of Private equity groups who buy debt and take on the risk of collecting. They do their own assessment on risk of collecting,m and time to collect, and then make an offer on the debt. So lets say E Jean decided to sell off 1/3rd now, or $29MM, for some immediate cash. the offer might be to give her 1/2 of it (or ~15MM), and the buyer collects the whole $29MM later, which covers their risk and profit for being out of pocket X years thru the appeals. E Jean would still maintain the remaining $58MM as her personal award later once the appeals were all done.


So ya, E Jean has won bigly here and is at no risk of not getting paid. The smartest thing Trump could do, is go to her with an offer. Something like $25MM today, here it is, to settle this and you go away and then get it put under a Non Disclosure. The Magats would then spread lies that E Jean settled for almost nothing, when that would never be the case, as she always has the option to sell the debt off, so any settlement with Trump would have to be above what any outside party would buy the debt for.

 

[Nordberg]

The clock started. Trump had 30 days to put the 83 million in an account for the court. He can fork it over, or get a loan company to lend him the money for about 20 percent down. He will have great difficulty borrowing the money. He is famous for cheating companies.

 

[QP!]

The clock started. Trump had 30 days to put the 83 million in an account for the court. He can fork it over, or get a loan company to lend him the money for about 20 percent down. He will have great difficulty borrowing the money. He is famous for cheating companies.

$83MM here.

$400MM over there (thx Lettisha).

$5MM already put in prior.

So much winning.

The only way Trump gets a Bond for all these is if some rich Russian Putin proxy or some Saudi puts up collateral or the cash for him.

No bond company will as the risk is way too high. If Trump is forced to sell his assets or a bankruptcy trustee does, there is no guarantee that after all the leverage is paid off, and there is anything left over. Remember Trump used to brag out how much leverage he used. He loves maximizing the debt, which in any forced sale,when the buyers know you HAVE to sell, usually ends in low ball bids only.

 

[Nordberg]

$83MM here.

$400MM over there (thx Lettisha).

$5MM already put in prior.

So much winning.

The only way Trump gets a Bond for all these is if some rich Russian Putin proxy or some Saudi puts up collateral or the cash for him.

No bond company will as the risk is way too high. If Trump is forced to sell his assets or a bankruptcy trustee does, there is no guarantee that after all the leverage is paid off, and there is anything left over. Remember Trump used to brag out how much leverage he used. He loves maximizing the debt, which in any forced sale,when the buyers know you HAVE to sell, usually ends in low ball bids only.

What does Trump have to offer the Saudis? Perhaps saying he will give them great deals if he is re-elected. I suppose that is continuing foreign policy like he did it last time. Back to transactional foreign policy.