TRUMP Supporters, Please Explain why a Billionaire is begging for Money?

[QP!]

interesting point.....around here people are able to post appeal bonds pledging a lien on their real estate......why is this judge requiring a cash bond?......

oh thats right......he doesn't think that Trump's land is worth more than $18M........

Once again the CLAIMED real estate (slumlord) lawyer PROVES he is not a lawyer and is likely just a janitor in a law office.

The Judge has NOTHING to do with the structure of the Bond and CANNOT and WILL NOT dictate what type of securities the Bonding Company can accept for a Bond.

If a Bonding company shows up with a Bond (or the client with their bond), that is typically all the Judge cares out, outside allowing the winner of the case to ensure they think there is nothing fishy with the bond or Bonding Company.

Now pay attention PMP, as once again i am going to educate you on Real Estate law.

The challenge with using Real Estate is that it often has a lot of fluctuation risk in liquidation (is the market going to be hot or cold if they are forced to sell it), is it encumbered (1st, 2nd, 3rd mortgages and other debt), and can you TRUST that the CURRENT owner is full disclosing that data to you.


Anyone who would use Trump's Real Estate for a Bond, has to accept he is liar and fraudster, up front, and if he had 3 private contract mortgages on each building, eating up all equity, sitting behind the banks, he would not disclose that to. It would only be at a Bankruptcy hearing that these people would show up, show the contracts they entered with Trump Org, and they too would have to get a share of any equity that was present in those buildings. So Bond firms are rightfully weary of taking Trumps Real Estate, and if they do they would only offer him cents on the dollar, hoping that protects them.

 

[ThatOwlWoman]

interesting point.....around here people are able to post appeal bonds pledging a lien on their real estate......why is this judge requiring a cash bond?......

oh thats right......he doesn't think that Trump's land is worth more than $18M........

The 30+ underwriters he contacted won't put up the money because his real estate is mortgaged to the hilt. When he loses the appeal, there is no way for them to liquidate those assets and recoup their half a billion dollars. The mortgagees got first dibs on any money stemming from the sale of that property. Your "billionaire" isn't one.

You'd think that an attorney would know this.

 

[ThatOwlWoman]

Trump claimed to have much more, and growing everyday, than $400MM, in a court deposition, so lets agree with PMP that Trump is not smart.


All that said, if the RealEstate has any provable free equity in it, anyone can go get a second mortgage or otherwise borrow against it.

Real Estate can be difficult as it is generally encumbered and leveraged and Trump has proclaimed how he loves leverage and debt on his properties and thinks it is smart. He has referred to himself as the King of Debt or other such terms, so this process will expose what equity, if any Trump actually had, as that is what determines your net worth, and NOT, the gross value of the assets.

I would bet Trump has less than $500MM equity, or real net worth, once you take out the taxes, capital gains, and pay out any mortgage holder and other debt Trump has layered on to EVERYTHING he owns.

If you made me bet on whether Trump is a Billionaire of flat broke (insolvent) based on Equity on his holdings, i would bet on insolvent.

He keeps his properties mortgaged and/or pledged as collateral in order to render himself "judgment proof." This might work for us peons, but not for him.

 

[ThatOwlWoman]

gosh, the poor sumabitch......how's a man with only $500M supposed to get by?.......

He lives high on the hog with YOUR dollars, and all the other MAGATs' dollars. You're supporting a fools'-gold-plated fraud. How's that feel?

 

[QP!]

gosh, the poor sumabitch......how's a man with only $500M supposed to get by?.......

oh geez, that is easy. He relies on you and his other derps who buy all his worthless grifter garbage and literally cover his home expenses, so he does not have to, like taking care of Melania's cosmetic needs. PMP you are literally paying his home personal needs and bills.

And since you have paid for all his prior grifts, and in case you are not aware of the latest, I put it on top for you PMP. You need to rush and DONATE NOW, as Trump is calling on all true patriots to do. True patriots pay the bills of other patriots and you know Trump would do the same for you...

 

[Lionfish]

If anyone needs a visual definition of TDS, look at the above post.

 

[QP!]

The 30+ underwriters he contacted won't put up the money because his real estate is mortgaged to the hilt. When he loses the appeal, there is no way for them to liquidate those assets and recoup their half a billion dollars. The mortgagees got first dibs on any money stemming from the sale of that property. Your "billionaire" isn't one.

You'd think that an attorney would know this.

it amazes me that of all the lies PMP could tell, he goes with Real Estate lawyer, when he clearly knows near ZERO in the field, and everything he thinks he knows is wrong.

That any Real Estate lawyer would not understand the process of using Real Estate as a Bond and thinks Judges dictate to Bond companies what they can and cannot value, shows his astounding stupidity on this topic.


The only party that can scrutinize the Bond and the Company supplying it, is the one who won the case. That is to ensure the loser does not show up using a Fraudulent Bond COmpany willing to lie and say he has pledged sufficient assets and then when collection time comes the Bond company claims bankruptcy and disappears and proves to be a front company used to deceive the winner, while all the assets were otherwise liquidated and moved outside of reach.

 

[QP!]

He lives high on the hog with YOUR dollars, and all the other MAGATs' dollars. You're supporting a fools'-gold-plated fraud. How's that feel?

Trump was flat out bankrupt when good luck saved him and he got the Apprentice show, which provided him a few hundred million i cash, to save his business.

At that point the Banks had seized basically all of his properties for liquidation, but the Banks realized that to sell them all, at that point in time, they were better off not tipping Trump into personally bankruptcy while trying to market and sell, what was being marketed as a Luxury Brand of various properties. So the Banks all got together and agreed to basically give Trump an allowance, that kept him in his lifestyle to maintain the illusion, he was wealthy while they took the years to sell off all his assets.

Then the apprentice and a surging real estate market saved him. His properties were able to move back into a state of limited liquidity and Trump had the cash (apprentice) to pay the banks down enough to make them all back off.

He has been riding off that and a surging real estate market every since.

That is when Trump famously said something like 'When you owe the bank a million dollars you cannot pay, you have a problem. But when you owe the Banks a billion dollars, you cannot pay, THEY have a problem'.

He knew that banks will simply eat and write off smaller loans without doing anything extraordinary to offset that loss. But when you have massive loans, the Banks are very interested in every single path to save the lender and give him every chance possible, and extend significant help, to save his own loans.

 

[QP!]

If anyone needs a visual definition of TDS, look at the above post.

Says the guy who every day or two bumps his 15 or so threads filled with Biden, Harris and other Dem memes.


But who a always thinks posting any about Trump is offside and wrong to do.

A guy who in his own TDS is triggered by any negative mention of Trump it instantly triggers him to...

 

[Poor Richard Saunders]

interesting point.....around here people are able to post appeal bonds pledging a lien on their real estate......why is this judge requiring a cash bond?......

oh thats right......he doesn't think that Trump's land is worth more than $18M........

Can you cite where the judge requires a cash bond?

Of course, Trump has a problem with liens in that what he claims the property is worth is probably not true as was proven in court.

Can you cite where the judge said he doesn't think Trump's land is worth more that $18m?

Making shit up only makes you look stupid and deluded. The reality is the judge never said what Trump's land was worth. He merely cited the tax assessor's estimate of $18m to $27M was far less than the 41.8B Trump claimed it was worth as one of many instances where Trump claimed value that far exceeded the valuation of an assessor.

 

[Lionfish]

Says the guy who every day or two bumps his 15 or so threads filled with Biden, Harris and other Dem memes.


But who a always thinks posting any about Trump is offside and wrong to do.

A guy who in his own TDS is triggered by any negative mention of Trump it instantly triggers him to...

QPeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee, derp, derp, derp,

 

[Phyllis Diller]

Once again the CLAIMED real estate (slumlord) lawyer PROVES he is not a lawyer and is likely just a janitor in a law office.

The Judge has NOTHING to do with the structure of the Bond and CANNOT and WILL NOT dictate what type of securities the Bonding Company can accept for a Bond.

If a Bonding company shows up with a Bond (or the client with their bond), that is typically all the Judge cares out, outside allowing the winner of the case to ensure they think there is nothing fishy with the bond or Bonding Company.

Now pay attention PMP, as once again i am going to educate you on Real Estate law.

The challenge with using Real Estate is that it often has a lot of fluctuation risk in liquidation (is the market going to be hot or cold if they are forced to sell it), is it encumbered (1st, 2nd, 3rd mortgages and other debt), and can you TRUST that the CURRENT owner is full disclosing that data to you.


Anyone who would use Trump's Real Estate for a Bond, has to accept he is liar and fraudster, up front, and if he had 3 private contract mortgages on each building, eating up all equity, sitting behind the banks, he would not disclose that to. It would only be at a Bankruptcy hearing that these people would show up, show the contracts they entered with Trump Org, and they too would have to get a share of any equity that was present in those buildings. So Bond firms are rightfully weary of taking Trumps Real Estate, and if they do they would only offer him cents on the dollar, hoping that protects them.

your analysis is idiotic.

you should watch Kevin o'leary's take on all this.

he's smarter than you.

 

[QP!]

Can you cite where the judge requires a cash bond?

Of course, Trump has a problem with liens in that what he claims the property is worth is probably not true as was proven in court.

Can you cite where the judge said he doesn't think Trump's land is worth more that $18m?

Making shit up only makes you look stupid and deluded. The reality is the judge never said what Trump's land was worth. He merely cited the tax assessor's estimate of $18m to $27M was far less than the 41.8B Trump claimed it was worth as one of many instances where Trump claimed value that far exceeded the valuation of an assessor.

Yup.

And i will add to your one point... 'The reality is the judge never said what Trump's land was worth. He merely cited the tax assessor's estimate of $18m to $27M was far less than the $1.8B Trump claimed it was worth... and that Trump had his lawyers file in Court disputing the Tax Assessed $18-27MM was TOO HIGH, giving the reasons that he had greatly reduced the properties value forever by contracting away to the State ALL REDEVELOPMENT RIGHTS, meaning any buyer could only buy it as a Club and not develop as far more lucrative residential mansions'. That was right before Trump then went to the Banks saying it was worth over $1B based on the residential redevelopment rights, he did not have and contracted away FOREVER.

A blatant fraud any Real Estate would recognize.

 

[Bourbon]

I love it, please keep coming to the defense of this Racist Conman … you idiots

 

[Phyllis Diller]

Can you cite where the judge requires a cash bond?

Of course, Trump has a problem with liens in that what he claims the property is worth is probably not true as was proven in court.

Can you cite where the judge said he doesn't think Trump's land is worth more that $18m?

Making shit up only makes you look stupid and deluded. The reality is the judge never said what Trump's land was worth. He merely cited the tax assessor's estimate of $18m to $27M was far less than the 41.8B Trump claimed it was worth as one of many instances where Trump claimed value that far exceeded the valuation of an assessor.

do you dispute the judge demanded cash?

 

[Cypress]

Billionaires don't keep HUGE amounts of cash not earning money. They invest it. Trump is heavily invested in real estate. Raising money off of huge buildings takes a while. Insurance companies don't issue bonds for 1/2 billion dollars. The Eighth Amendment of the United States Constitution protects against excessive fines. 450 billion dollars is the largest fine ever issued to a private citizen. It's unconstitutional.

Wait, you're saying cold hard cash in a sack under the bed is the only kind of liquid asset?

I thought stocks, bonds, treasury notes, precious metals were liquid assets.

 

[ThatOwlWoman]

it amazes me that of all the lies PMP could tell, he goes with Real Estate lawyer, when he clearly knows near ZERO in the field, and everything he thinks he knows is wrong.

That any Real Estate lawyer would not understand the process of using Real Estate as a Bond and thinks Judges dictate to Bond companies what they can and cannot value, shows his astounding stupidity on this topic.


The only party that can scrutinize the Bond and the Company supplying it, is the one who won the case. That is to ensure the loser does not show up using a Fraudulent Bond COmpany willing to lie and say he has pledged sufficient assets and then when collection time comes the Bond company claims bankruptcy and disappears and proves to be a front company used to deceive the winner, while all the assets were otherwise liquidated and moved outside of reach.

I think most of us who have seen #TRE45ON in action over the last decade or two know that your scenario regarding the fake bond company is *exactly* something he would do, too, assuming he can buy enough crooked lawyers and accountants to pull it off.

Notice how the MAGATs in this thread refuse to address the OP and the fact that Trump appears to be in deep financial doo-doo. Instead, they just want to whine about how UNFAIR it all is. They need some new programming or talking points or something.

 

[Poor Richard Saunders]

do you dispute the judge demanded cash?

Do you have evidence the judge demanded cash?

 

[Phyllis Diller]

Do you have evidence the judge demanded cash?

so stfu then.

 

[QP!]

Wait, you're saying cold hard cash in a sack under the bed is the only kind of liquid asset?

I thought stocks, bonds, treasury notes, precious metals were liquid assets.

And it is a lie Letisha James already exposed that Bond Companies will not accept Real Estate. Some will and others will not.

Even Chubb, who did Trump's first bond will accept Real estate.

The trouble with Trump real estate, is no one bonding him can trust a word he says about its value or how encumbered it is. That would mean they would have to do enormous diligence as they know Trump would sign anything and lie, and defraud them.

And even if they do immense diligence that does not mean Trump has not contracted away equity in private undisclosed deals.

Most bonds on Real estate are with Reputable organization and people.