At last
HAhahahahaha Trump can’t find anyone who will oblige him in the matter of the bond.
Donald Trump‘s effort to secure a bond to cover a $454 million judgment in a New York civil fraud case has been rejected by 30 surety companies, his lawyers said on Monday, inching him closer to the possibility of having his properties seized.
The former president must either pay the sum out of his own pocket or post a bond to stave off the state’s seizure while he appeals Justice Arthur Engoron’s Feb. 16 judgment against him for misstating property values to dupe lenders and insurers.
Trump, two of his adult children and other Trump Organization executives had so far approached the 30 companies through four separate brokers without success, his lawyers said. The other defendants face judgments totaling $10 million.
A bonding company would be on the hook for any payout if Trump loses his appeal and proves unable to pay.
And oddly enough they don’t want to be on that hook. What goes around comes around, Don.
Go figure, build an entire business career on exaggeration, lies, stiffing and bullying everyone you deal with, and those sober analysts in insurance companies set themselves on fire and run screaming from the room when you ask for a mere half billion. Shocked I say! (not that shocked)
Maybe they have had enough experience to know what can go wrong when lending to turkeys like Trump. Put it down to risk aversion. Also, could explain why they are still afloat in the lending business. It’s a tough world out there.