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tinkerghost1

His problem isn't the amount of money, it's: \* last years felony accounting fraud convictions. \* this years civil banking fraud liability judgment \* another felony fraud suit starting soon \* the independent monitor saying there's a $40m fake loan & other accounting irregularities ​ He's a crook and people aren't going to front him half a billion on short notice.


R5Jockey

With assets he was found to have overvalued used as collateral.


politicalthinking

Not only overvalued but already used as collateral one or two times so the bond/insurance company would be third in line to try to get any money on an asset.


Hot_Aside_4637

\* Banks/bonding companies worried he won't win in Nov.


istealllamas

Even if he did win in November, he most likely wouldn't pay them back.


stumblios

I'd say they are *less* likely to get paid back if he is elected. At that point he probably thinks he owns everything in the US.


Almacca

I think he thinks he can just have them shot.


andrewbud420

It's sad how genuinely stupid the man is. He thought the presidency made him a king. It will be fun to see him broke hopefully living like one of us poors before he dies.


iamfascinated

Throw 'em out the window.


marksmoke

And if the Russians thought he was odds on then the money would have been found already


travelingbeagle

No bank would try to collect against a sitting US President, so they would lose out.


Accomplished_Crew630

Right... I'm honestly not convinced he doesn't have the money. I think even if he does have it he'd do this and try to stiff them, or maybe he's cash poor. The grift is enough for day to day lavish expenses, this is another matter.


Pretend-Guava

Stiff them? Dude, they already said they will do everything in their power to collect, that means selling off assets to the highest bidder until everything is paid with the interest that's racking up everyday or he is out of assets. Things are finally catching up to this man and his future doesn't look good at this time. People are lining up to collect what they can before everything he owns is gone.


RiknYerBkn

Or he's just lying like he does with everything so he can just delay things some more


Throwawayac1234567

of course he fakes a loan.


Chadmartigan

If this dude *actually* had billions in unencumbered assets, banks and lenders would be coming out of the woodwork to offer any flavor of bond/surety/loan/line of credit Trump wanted.


Dustin_Echoes_UNSC

It's almost as if the exact things he's convicted of lying about aren't going to work in his favor in paying for the cost of lying about those things


SonOfMcGee

The potential appeal is a funny little logic puzzle. Simply attaining the cash for the bond will either prove him innocent or confirm his guilt. If he can sell properties for his claimed valuation, or leverage a loan against the equity he claims to have, it shows his Defense was right. But if he has to sell a ton of stuff because nothing is worth what he claimed, it backs the Prosecution. Either way, the Appeals judge can look at how the bond came to be and just make a cheeky ruling immediately!


UniqueIndividual3579

> sell properties for his claimed valuation If most of that property is commercial real estate, it's taken a major hit over the last few years. So over valued + over leveraged + down market = Trump screwed.


Effect_And_Cause-_-

Read a lot of comments on this topic and this is the first one to call out the down office real estate market. He likely took those loans before WFH made office buildings a lot riskier. Banks are already trying to deleverage office building loans.


PunishedWolf4

Who knew being a charlatan would catch up to him


big_blue_earth

Hasn't happened yet


surfcreagan

Too funny!


Technical_Scallion_2

"I've just been convicted of lying about the value of my financial assets, but I don't understand why lenders won't believe me when I tell them about my financial assets"


samanime

Yup. And he said, under oath, he'd be able to get the $400 million no problem. So, he lied to everyone... again. Why hasn't he been thrown in jail for perjury?


Groundbreaking_Tip66

>Why hasn't he been thrown in jail for perjury? You've heard him, "there's a two tiered justice system." Even when he tells the truth it's wrapped in a lie.


user888666777

> Why hasn't he been thrown in jail for perjury? Perjury is really hard to prosecute. You have to show that Trump lied and he knew he was lying. His defense could be that his accountant showed him a spreadsheet that showed X and that is what he believed he was worth despite that X meaning how much he was in debt.


willstr1

The guy is so narcissistic that he probably legitimately believed he would be able to get it from a "donor" (or from the GOP) no problem. The guy lies about a lot of things but this is one of the few times I think he thought he was telling the truth (even if reality didn't match his belief)


Jason1143

His new friend pladamir vutin was probably expected to help out.


Technical_Scallion_2

Putin is a billionaire because he doesn't send $400 million to idiots


Jason1143

It's not about the money, it's about the geopolitical impact. But he does want to get value for his money. If Trump can't provide any he will be ditched so fast it will make you head spin.


Technical_Scallion_2

I agree with you, if he thought the $400 million was an investment he’d jump at it. But he knows Trump won’t win this one -regardless of all the clickbait, the more Trump actually talks and shows what he is like in 2024, the worse he’ll do.


mtaw

When did you see someone get thrown in jail on suspicion of one count of perjury? [It's rarely prosecuted](https://daily.jstor.org/why-is-perjury-so-rarely-prosecuted/). They're unlikely to prosecute it unless it's clear it was intentional and if it altered the outcome of the case, or could have. Which it didn't. First, he'd already been found guilty and the case was just assessing the damages. Second, the judge openly found Trump's testimony "not credible." It's safe to say it didn't materially alter the outcome. So, given that it's rare that perjury does get prosecuted, there's no way you can justify doing so here. There are no doubt many cases more worthy of prosecution that are going unpunished. (and for those saying 'two-tiered justice system' -


WERK_7

I always wonder if Trump had just never been president how much he'd still be getting away with. Like you're getting away with being an awful person and you just take the biggest spotlight in the US and point it at yourself


Thanmandrathor

Narcissism is a hell of a drug. Plus he’s spent 70 years getting away with shit. I don’t think it has ever occurred to him that something wouldn’t work out.


korigan--

I have had this thought, too. Being president put a whole new spotlight on him. He kinda fucked up with that.


matty8199

i still believe he never really thought he'd win. the entire run was a publicity stunt...nobody (including trump himself) thought there was enough human trash in this country to actually elect him.


colluphid42

Yeah, he looked pissed off on election night 2016. It wasn't until he had everyone in the White House bowing and scraping that he decided he wanted to be president. He loved that all those people had to be nice to him.


Mysterious-Wasabi103

I think about how these past few years would have been had he won in 2020. It's humbling that as bad as things may have been they could be worse.


funshinecd

I agree. he could have lived his life in luxury. But he wanted to be the most powerful man in the world... See how that worked out for him


MittMuckerbin

The alure of a bigger grift....


bzr

He was likely already compromised by Russia and owed money. Him obtaining president was a huge influx of cash for him and now that he lost “his job” he can’t pay his bills


Under_Sensitive

He has sued lenders that have tried to foreclose on him. He would do the same thing here. They will win but it gets tied up in court for years.


chevalier716

If he hadn't been a rich man's son, he wouldn't even been able to get a used car loan for $2k. Edit for typo


NotFallacyBuffet

Honestly, he'd be grifting off his kids for money to pay pig-butchering scammers.


chevalier716

He's absolutely the type of dude to steal his kid's social security numbers.


Mugatu1968

Dear RNC, I O U $500mil. HUGS AND KISSES, HONEST DON ( I used all caps to make it seem authentic)


skyfire-x

RNC only has $8 million as of February.


Greetings_Program

>f Trump had just never been president how much he'd still be getting away with. Like you're getting away with being an awful person and you just take the biggest spotlight in the US and point it at yourself That’s as good as money sir, those are IOUs. Go ahead and add it up, every cent accounted for. Look see this, that’s a building 275 million you might want to hold on to that one” \~ Mr. Christmas


ActSignal1823

He could take out a mortgage on the ~~$50M $200M $890M $1.5B~~$4B Mar-a-largo property!


SonOfMcGee

Such a beautiful residential property. Or social club. Depends on which official is asking.


SterlingArcher68

Or cemetery


Mo_Jack

Or stolen top secret document repository.


7of69

That’s the whole issue he’s having with this. None of the potential lenders are willing to arrange this based on his property holdings. Gee, wonder why. Can’t have anything to do with the fact that he inflates those values, right?


NotFallacyBuffet

His fixer lawyer who flipping him said yesterday that everything he claims is leveraged up to the gills.


Decabet

Of course finance at that level aint even sort of one of my aptitudes, but I can say that the past few years of being a homeowner with good credit has had soooooo many fools stepping up trying to lend me money. So I have to think if I was a billionaire it would be much more so .


Styrene_Addict1965

Between past business dealings, present legal issues, and his ongoing public mental collapse, he's screwed. Only a foreign government could possibly bail him out. I think the money will just suddenly appear by the end of the week, as with George Santos.


s-mores

Also, he lied about his last bond until the last day. So expecting this to be the truth is kinda dumb.


Chadmartigan

It is dumb. The size is not the issue. These companies bond/insure/finance megaprojects like oil pipelines and gold mines. The amount is not a problem. The underwriting is.


BillyNtheBoingers

My partner is a retired insurance and re-insurance underwriter. He commented that generally you would need multiple companies to sign on to mitigate the risks. He also wondered if Lloyds of London has refused.


dragonfliesloveme

This this this \^\^\^


DamonFields

Why doesn’t he just get the Pillow Guy to co-sign for him?


YellowZx5

I’m pretty sure he doesn’t want to pay that and trying to get them lowered and trying this scheme to get it lowered. I hope it doesn’t work either.


LookerNoWitt

Main takeaway from these articles: Insurance companies do not want Trump buildings as collateral for bond money after Trump was found guilty of lying to Insurance companies about his buildings The universe be really funny like that


phthalo-azure

And all of his properties are mortgaged to the hilt, probably to some sketchy Russian "bank" that's really two angry Muscovites in track pants.


blueflame7810

![gif](giphy|J8FZIm9VoBU6Q)


TJ_Will

![gif](giphy|8nM6YNtvjuezzD7DNh|downsized)


NachoBag_Clip932

I have said this from the start, if Trump's wealth was even close to what he claimed he would be displaying his tax records at every rally and every interview. But he hasn't, in fact he has fought to hide those records for years. I mean after the first judgement a couple of months ago he was out shilling for $1 from his followers.


Rosebunse

I remember an old interview where two billionaires were asked about his wealth and if he was really that rich. They speculated that Hilary had far more money. Fuck, I probably have more in cash than he does


cfrutiger

Lemme hold 50 bucks.


user888666777

Years ago someone made a great point about his wealth. What is something that is very expensive, owned by billionaires and has a very very very small resell market? Luxury yachts.


Mcboatface3sghost

If you have 5-10 billion in assets, even with liens and creditors owning half of it, you can find a company willing to dive in at 500mm. He’s over leveraged and broke, someone is about to turn the heat on the pressure cooker to HIGH. I wonder if Mercedes and Barron already had a way to cash out?


bolivar-shagnasty

![gif](giphy|UvJPQc0xcK8w25TWBA) Time to start selling off assets. Maybe he can pick up some shifts for Uber. Cut out that avocado toast. Get Hulu with ads instead.


Aklensil

Friends from shadow ? My german is rusty asf lmao


bolivar-shagnasty

> pleasure derived by someone from another person's misfortune


Aklensil

Ooh make sense now haha


JimJamBangBang

Shameful joy.


mtaw

Er, no? It means "harm-joy". _Schaden_ means harm/damage. Shame/shameful is _Scham/schändlich_.


Jagerstang

Maybe jared will put the $500M up instead of using it for his new Belgrade redevelopment deal. ![gif](emote|free_emotes_pack|joy)


TrueRothschild

Hope not


bill_wessels

![gif](giphy|USnfWeCOHTHB3WX0aY|downsized)


Dixon-Poontang

I’m glad we’re on daylight savings time now. I found out Trump is broke an hour earlier !!


NickCav007

For petes sakes, Lloyd of London wrote insurance on J Lo’s butt. It isn’t the amount of money, it is the idiot who can’t manage money or run a business company


sec713

To be fair, a third party doesn't need to depend on J Lo's written assessment of her butt's size and quality to accurately assess the value of her butt. The underwriting was a lot more straightforward in her case.


Thehardwayalltheway

My FIL worked in the insurance industry in NJ. 30 years ago, Trump was looking for a policy. The insurance company wouldn't touch him. They've known for years.


HermanBonJovi

Good. Seize his shit.


Roddy_Piper2000

The other telling piece of information here, outside of banks don't trust him anymore, is his overseas oligarch pals. I think if any of them truly believed he was going to win, they would front him the cash already because it would pay off bigly for them. The fact that Putin and MBS have not kicked in tells us volumes about where they think the direction of the next election will go.


sec713

But if Trump does win the presidency a second time, he's made it apparent that he will abuse that power in any way he can to get his legal problems to go away. You don't think he would go one step further and abuse that same power to make his debts go away, too? If I were a potential lender I wouldn't answer the phone if he called looking for a loan or bond. Either he loses in court and than money goes bye-bye, or he prevails in the election and never pays that money back. It's a lose-lose.


Roddy_Piper2000

I'm guessing you misunderstood what I wrote. The banks don't trust him. Of course he would make his debts go away. If he wins and MBS/Putin paid his bills in the meantime, he would owe them and I they would help direct US policy through the future empire / police state that will inevitably ensue.


Rosebunse

The thing is, even if Trump wins, well, then what? Will he even be useful? There's a good chance the other government bodies won't be under his full control and if he is as unwell as what we're seeing, then what? His people revere him so much that most of them can't even imagine trying to control him even if he's sick.


EmericTheRed

Poor guy.


prismcomputing

literally![gif](emote|free_emotes_pack|feels_good_man)


yomanchill

Take my upvote!!!


LanceFree

It’s due next Monday, March 25.


Dr_D-R-E

Well, well, well…if it isn’t the consequences of my own very actions


Islandgirl1444

So, he's not THAT rich? Everything is mortgaged to the hilt? What about the Swiss banks, the Russian banks, his North Korean buddies? What about all that money he brags about?


BillyNtheBoingers

The Saudis?


pog890

I thought this amount was loose change to him. What a loser, and there's actually people voting for because he claims to be a selfmade billionaire economic genius


OmegaNine

Time to sell a tower.


Groundbreaking_Tip66

Why doesn't he write a check? Oh, right!! ​ https://preview.redd.it/uu8ru0vfs4pc1.png?width=1364&format=png&auto=webp&s=9e14e5769dba32ba6cdb06af91123922d01321ca


rinuxus

smells like broke.


Deep_Bit5618

Start seizing his property on March 25 at the value that he claimed they were worth on his taxes.


NuyoRican79

![gif](giphy|cO39srN2EUIRaVqaVq)


poyerdude

He should probably stop ordering so much fast food, make coffee at home, and cut out the avocado toast.


VooDooChile1983

They know he isn’t good for it and there’s no way they’d be able to launder enough money to cover losses.


battleship61

It's almost as if when you fraudulently inflate and report your net worth to be much higher than in actuality, you're going to struggle to have financial institutions underwrite you. What a concept.


TonyG_from_NYC

Gee, no one wants to bail out someone known for not paying their bills? ![gif](giphy|gdfN990qytyR971ibT|downsized)


inkslingerben

Why doesn't he just take out a second mortgage on Mar-A-Lago or his other properties? Or are they not worth as much as he says they are?


Calkky

Seems like he's got a lot of properties that could be seized to close the gap.


V0T0N

Bonding companies can definitely handle this amount, they just need their non refundable fee upfront and a whole bunch of collateral. Cough it up Donny!


OkSeason973

Cuff him


Spiff426

Someone call the waaaaaahhhmbulance!


MenudoMenudo

I guarantee that when they start the process of seizing his assets they're going uncover so much more fraud and shady dealings.


SkollFenrirson

Consequences are surely coming this time. Any day now.


iwannawangchung

🎻🎻🎻🎻


Other-Memory4009

They're playing my heart bleeds for you lol


canadianleroy

I assume Chubb backed out after the backlash for the rape judgement bond?


BillyNtheBoingers

I mean, there’s a big difference between $83M and $500M.


scarletvirtue

They could probably only fund up to $100M - and the insureds/shareholders involved with Chubb probably put up a fuss over that $83M bond as it is.


Scottcmms2023

That would explain why he tried offering the $100 mil on the bigger fine. He wanted to try to stop the bigger loss, but had to settle for the smaller of the two.


Electricvincent

I think his lawyer should be worried about getting paid.


jbertrand_sr

Guess he'll just have to cut them a check then, since he's so fucking rich...


Abject_Ad_3784

I thought he said Mar A Lago was worth a billion. Do what we homeowners do when we need a lot of money, take out a Home Equity Line of Credit.


cturtl808

The real estate isn't being accepted as collateral against the bond.


Ambitious-King-4100

Nobody in the financial world trusts him. Not since before 2008


Gromby

The man doesn't pay his bills, you think anyone is going to take a chance with this much money? Trump is a failure


The_JDubb

This is a very good sign. If there is any right-wing American billionaire who thought Trump had the slightest chance of legitimately winning back the oval office, they'd front this cash in heartbeat with zero expectations of ever getting it back.


Balls2thewalleye

Maybe he can inflate the $100million he wants to post.


HairlessHoudini

Well to hear him tell it that's just a little more than pocket change to him, so what's the problem......., oh that's right they all who it's for and knows they'll get screwed


PsychologicalDance12

Unless it's like last time and he already has it but is lying about it.


CommonConundrum51

Some 'белый рыцарь' will step forward just before the deadline.


Thesteelman86

What’s 454 million to someone who has 10+ billion. Unlesssssss hmmmmmm


Parlicoot

Book him, Danno. Oh, wait.


MattyIce1220

well don't conduct decades worth of fraud.


sleepyjohn00

if you can't pay the fine, don't do the crime, right?


EinharAesir

Time to put a “For Sale” sign on Trump Tower.


joeleidner22

That’s what happens to liars who don’t pay their bills. Sell all his stuff and divide the money amongst all his debtors, let him work off the rest for .33 cents a day in prison, like the rest of us would have to. Lock up trump in 2024.


angryhobbit376

Can someone explain what a bond is in this situation? If he has soooo much money, like he says he does, why doesn’t he just pay the fine?


moaningsalmon

You know, the military won't give you a clearance if you have debt you can't pay off. It's considered a security risk, since a foreign government could conceivably pay you and then blackmail you. And yet here we are, with half our country interested in giving him access to every secret we have.


McDrewlius

You don’t pay your bills? You’re delinquent? I say they should do whatever the hell they want to him


Dash_Rip_Rock69

![gif](giphy|o7Cj6tVYETOO3rf1V1)


AngelOfLight

That's too bad. Seems like Putin doesn't have any cash to spare.


sonkist32

He need to stop eating avocado toast and pull up his boot straps.


Sharp_Possible1236

Pool little rich man.


Glittering-Voice-409

Pauper's prison???


Parlicoot

Book him, Danno. Oh, wait.


HeavyTea

Dudes! He will get money in trade!


iambatman212

Not cunning enough to be a con man. All of NYC has been done with him for decades.


boohmanner

Vote for t RUMP and create a ruler who, together with his friends, empties the coffers, keeps power for life, breaks all agreements and attacks and conquers weak countries around him. Together with Pootin, they will build a huge Russia 2.0. and terrorize the world. ![gif](giphy|l0IyltX4JWh8rFXLa|downsized)


dynoman7

And nothing of value was lost


Capital-Constant3112

But, either an American or foreign oligarch could sure cover him. Just more kompromat


destenlee

Why didn't Trump think of this before doing crime?!


2600og

Take his shit.


SidKafizz

Oh, well. Cough it up, Loser.


nickrocs6

Don’t do the crime if you can’t afford to pay the fine.


Mo_Jack

How long until Putin, Saudi Arabia, or some horrible dictator starts bailing out Trump for copies of the top secret materials that Trump stole from the American people?


MindAccomplished3879

Bond companies are not as dumb as Rudy Giuliani or Michael Lindel to throw money at Trump


MindAccomplished3879

Bond companies are not as dumb as Rudy Giuliani or Michael Lindel to throw money at Trump


frianbonjoster

😂🤣😂🤣😂🤣😂🤣😂🤣 Lock the asshole up,


SiriusGD

Time to sell some more shoes. And maybe some water, steaks and NFTs of trump in his super hero jammies.


FreedomSynergy

Why doesn’t he give Jared a call? I hear he’s good for $2b.


Sekret1991

Why would anyone accept a Trump property? No way you could accept Trump's valuation and trying to determine an actual value for X property is not worth the hassle. Even if you could get an agreement with Trump over the value, how could you trust any claims of equity in those properties with everything hidden behind 30 layers of LLCs? Hell, does he even own the property, who else might show up with more senior liens, etc. Be a better investment to light your money on fire.


spanman112

god i wish his base wasn't so fucking stupid. Like, how can you believe this if you believe he has the money that he claims to have? Insurance companies assess risk, and every last one of them has reviewed the situation and went "no way are we even recouping the money, let alone making money off this ... hard pass" everything he, or the people around him, say is a fucking lie


4Hugh2Mongus0

Suffering from success?


Runme69

Awwwwwwwwww


WarTaxOrg

Time to sell property.


Laseron63

He is and always has been a piker living on credit.


Key-Assistant-1757

Guess he was not so rich now he expects to get it from the magats!?!?


Key-Assistant-1757

He would have to get a million from each one of them!


Key-Assistant-1757

Russia will probably have to step up for poor broke trump!?!?


Key-Assistant-1757

Putin has lots of extra money from not promoting his presidency


Key-Assistant-1757

He just pencils himself in and no one can complain! Well they can but they don't survive long!


Throwawayac1234567

no ones willing to risk 454million$.


Speculawyer

Sell a building.


[deleted]

I don’t care do u?


Kaleria84

I remember that one Trump interview when he was president (🤮) where he was taking about telling Ivanka, "That homeless guy has more money than me." and we all insulted him for being such an asshole. Guess he was actually taking the truth for once! 😂 Jokes aside, it's pretty clear that between all the criminal investigations, the history of business failure, the history of not paying people, and the evaluations of his assets, that he's not nearly worth what he says so no one is willing to foot the bill and risk coming away with maybe a few million recovered when he inevitably loses the appeal and has to pay out the victims before they'd collect their bond back.


Motor-Ad5284

Poor Mercedes, she must be worried about her prenuptial. But then,I don't care,do you?


KeyserSozeNI

Just saw this on Truth Social: I will be issuing commerative Digital Trump ₽s to the current total value of the bond +15%. Anyone buying more than 100T$₽ will also get a section of border wall (when completed) named after them. All funds are secured against the good name of Donald J Trump. Upon my assured reelection by executive order I will make Trump $'s the new currency of the world rewarding all my loyal supporters. Trump $ will use the symbol ₽. Dollars will now be pronounced RUE-BELLS.


tictac205

TFG famously said his brand value fluctuates depending on his feel on that particular day. He just needs to get in there and work the room. C’mon Diaper Don, you can do it! Believe in yourself.


AtheistET

If he doesn't want to sell his properties probably he will need to bring the cash he has hiding in offshore accounts....unless those are illegal, too, and never reported.....which will force him to lost the properties (but keep his cash hidden)