President Biden: The NEW one and only politics thread

Is there a reason bond companies don’t take real estate as collateral? Difficulty in liquidating it?

 

Sureties will absolutely take real estate as collateral, but it takes time to do the due diligence - a couple of months is typical - on the property's value, whether it has a clean title, free of liens or mortgages, etc. With commercial properties they're also looking at cash flow from the property in addition to debts and what the market is.

It is sadly common for bail jumpers to cost grandma her house because she posted it as collateral.

Given that Trump's real estate holdings are almost entirely through the Trump Organization, the generally weak market for office space, the difficulty of selling golf courses, etc., my guess is that there are companies willing to work with him, but there's no way all the i's can be dotted and t's crossed in time because they were dipshits and didn't start the process well before the verdict.

 

Florida man accused of lying about wealth says ruling untrue while he can’t find money for bond.

 

Of course she was scared. The MAGAs are sick, dangerous people ok?

Stormy Daniels says she was scared for her life after hush money deal with Trump went public | CNN Politics

 

Sundown Donnie can’t get to memory care fast enough.

https://www.al.com/politics/2024/03...sleys-record-crowd-at-alabama-state-fair.html

 

But he'a worth billions!

 

I'm sure Trump will pull himself off the golf course or campaign trail on visitation day.

Ex-Trump aide Peter Navarro heads to prison after historic contempt prosecution (ksbw.com)

 

US doing business with antisemitic Nazi-adjacent, bigoted promoter of conspiracy garbage I'm sure this is fine.

SpaceX is reportedly building hundreds of spy satellites for the US government

https://www.reuters.com/technology/...rk-us-intelligence-agency-sources-2024-03-16/

 

Something, something, magic of the marketplace. Sheesh.

 

Figured Don would have squirreled away a few of those "ultra-valuable" Trump coins or NFTs when he needed some quick cash.

The "bloodbath" remark seems to have at least broken through the "clutter" of what Trump typically rants. I hear righties defending the remark - I've never heard a Trumper ever feel they have to defend anything he says before.

 

I am no fan of Trump. But the judgement against him was over the top. He was sued for overstating the value of assets as collateral for the loans. As far as I know none of the lenders were repaid or are being repaid. Normally these suits are brought by lenders who got stiffed.

I am mot going to argue that it is OK to inflate the value of collateral on a loan application but the punishment is wildly excessive.