Anyone want to bet Trump won't be able to come up with a $175 million bond in 10 days?
#Breaking : Trump posts $175 million bond in New York civil fraud case, per new court filing by an insurance company
He was required to post bond to avoid enforcement of the judgment pending his appeal
details coming
@Kinnison Chubb group again?
@sfleetucker Nope. They dont have the assets
Knight Specialty Insurance Co., is owned by Don Hankey, the so-called "king of subprime car loans."
Hankey is the largest share holder of #Axos bank which already loaned Trump.org over 225 Million for Trump tower and Doral.
so just roll in another $175 for the loans due in 2032
The bond was provided by California-based company Knight Insurance. Trump’s collateral to secure the loans was a combination of cash and investment-grade bonds, according to Don Hankey, the chairman of Knight Insurance
#ALIA5 Trump took on more debt he is never going to pay
The best lawyers
$175 million bond were "returned for correction" after his lawyers reportedly forgot to attach a financial statement.
Uh oh
The company that rescued Donald Trump from property seizures in his bank fraud case is potentially overleveraged—and doesn't even meet New York state standards.
https://www.thedailybeast.com/new-york-ag-questions-if-dollar175-million-bond-insurer-can-save-trump
