TRUMP Supporters, Please Explain why a Billionaire is begging for Money?
- Thread starter Bourbon
- Start date
So, I've seen you post bullshit before, but this is a special kind.
1. If Trump's net worth is really $11 Billion as he brags, then he could have no problem putting up his equity as collateral. The reason he can't is because he's fully leveraged/upside down on all his properties and has already too much debt against them.
2. Your constitutional claim is bullshit. If that were true then his lawyers would be arguing that in their appeal.
I see you've been going to the TA Garder school of making shit up. Nice try!
Phyllis Diller
Was it me?
They would put it up for auction after the sheriff or law enforcement seizes it. The state doesn't care what it sells for since they will apply proceeds to Trump's debt. If it sells for $1 million then Trump will still owe roughly $500 million and they will seize the next property and the next until Trump's debt is paid or he has no more properties.
wow. ruining markets for political revenge.
this is why you're losing.
Would they price it at the value the judge put on it?
It's amazing how selling one gallon of milk for $.50 ruins the market for all the other milk selling for $3.99.
Oh.. wait.. that isn't quite how markets work. One item selling for less than market value doesn't ruin the market. In fact the market barely notices that one item.
Phyllis Diller
Was it me?
banana republics hurt everyone.
it's not amazing.
it's mundane and predictable, idiot.
this is why you're losing.
QP!
Verified User
Why would Letisha James care what price the Market paid?
I hope the market is in a complete downturn when she sells and she get rock bottom prices on each of them.
She just grabs one, after another, after another, selling them in distress sales, where she takes 'best bid' and hopefully takes ALL of Trumps Assets and cash before she is done. In the end if NYS comes up a couple hundred million short, via liquidation sales, that is very normal in forced liquidation sales, and it will be a rounding error for NYS financials. She then petitions Trump into bankruptcy as her last act, if he comes up short, in a FU goodbye salute to him.
Phyllis Diller
Was it me?
QP!
Verified User
Tell Kevin he is stupid and then send him this...
And what Kevin is doing is called 'telling on himself'.
He admits he too commits fraud in his real estate and tries to make it seem better by saying 'we all do it'.
What O'Leary claims - Let's say you have a building that is worth $5 million and you go to a bank....
What Trump did..
Let's say you go to a bank and claim a building that doesn't exist is worth $5 million dollars.
Phyllis Diller
Was it me?
this is why you're losing.
imbecilic condescending word games.
you're actually much dumber than you think.
Dutch Uncle
* Tertia Optio * Defend the Constitution
Agreed...or over-valued. Why can't he get a loan on his billion dollar Mar-a-Lago estate? Because it's not worth a billion. It's an antique that is falling apart and only worth about $20M.Nice whiny try. He went to 30+ underwriters in an attempt to get someone willing to post the nearly half billion dollar bond. He would have been required to put up properties or other things of value as surety/collateral against the possibility of losing the appeal. The fact that none of these underwriters would consider it tells us that whatever properties he "owns" are heavily mortgaged and are thus valueless as collateral.
Example: You rob the weed dispensary down the street and get caught. Your bond is set at $50,000. You don't have $50K so you contact a bail bondsman. He agrees to front your bail if you put your house up as collateral in case you skip out. Unfortunately you have a first and a second mortgage on your house to finance your coke habit. The bondsman sees that if you default, the most he could get from forcing the sale of your house is $10K, which includes some ratty old furniture, a dead goldfish, and a cat with one eye. He declines to front your bail for that reason.
Does that help?
Another factor is that Trump could have gone to several underwriters for 10-50M each yet not a single one was willing to lend him the money. Why? Because Trump is a fraudulent scam-artist and no one trusted him to ever pay them back.
Dutch Uncle
* Tertia Optio * Defend the Constitution
Agreed.
All MAGAts are liars and never to be trusted. When they become violent, they should be treated like any other violent criminal or terrorist.
Ok.. I will admit you win when you can provide us one instance of a single property selling for under market value ruining the rest of the market.
It seems you are the one playing word games.