Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Rhiannon12866

(208,050 posts)
Sat Mar 2, 2024, 03:10 AM Mar 2

Panicked Trump SCRAMBLING to Pay Debt He CAN'T AFFORD - Meidas Touch



Trump, the self proclaimed “King of Debt” is scrambling now to get banks to issue him a letter of credit on his assets and a bonding company to issue 2 appeal bonds worth over $600 million dollars all in the next several days.

Michael Popok breaks down the bonding process, the $1 BILLION in assets he will need to pledge to get the bonds, and the tens in millions in fees he has to pay, or else his assets could be sold off including his Penthouse in Trump Tower. - 03/01/2024.

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Panicked Trump SCRAMBLING to Pay Debt He CAN'T AFFORD - Meidas Touch (Original Post) Rhiannon12866 Mar 2 OP
The only cash Trump has is what he gulls out of his MAGA crowd. Ford_Prefect Mar 2 #1
So sad... Roy Rolling Mar 2 #2
My bet is that no one will grant him bond Wild blueberry Mar 2 #3
He's not scrambling to pay his debt. He is scrambling to weasel out of paying his debt. Midnight Writer Mar 2 #4

Ford_Prefect

(7,971 posts)
1. The only cash Trump has is what he gulls out of his MAGA crowd.
Sat Mar 2, 2024, 05:07 AM
Mar 2

The rest is nearly all fabrication. We will find when they seize his properties that most of them are mortgaged to the hilt, or they are his in name only.

If he does have any cash it most likely is off-shore in some hidden account, or laundered through the kind of scheme he used to help the Russian mafia move their assets out of Russia.

Roy Rolling

(6,956 posts)
2. So sad...
Sat Mar 2, 2024, 05:38 AM
Mar 2

Sending thoughts and prayers. Help me out: “Lord, give the orange Nabal everything he deserves. Amen”. 🙏

It’s from the Two Corinthians, I think. 🤣

Midnight Writer

(21,970 posts)
4. He's not scrambling to pay his debt. He is scrambling to weasel out of paying his debt.
Sat Mar 2, 2024, 11:53 AM
Mar 2

The only reason he wants a loan is to enable him to file appeals, not pay his debts.

Latest Discussions»Issue Forums»Liberal YouTubers»Panicked Trump SCRAMBLING...