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I'm going to assume they had somebody go out to the properties he tried to put up as collateral for the bonds and they assessed a much lower value than what trump is insisting it's worth. In short his properties aren't worth enough to cover it.
I'm assuming they also required financials for these properties that show any mortgages or liens that are already attached to them. There is no way they would accept collateral that already has liabilities against them because they would not be able to seize them outright, and if a sale was forced that caused the property to sell for way below market value they might not recoup their funds. I see no way that any major financial institution is going to risk a half a billion dollars on Trump's behalf without a 100% guaranteed return on investment.
That too.
Also, “it’s just business”… seems kind of reasonable now.
Though I wouldn’t want trumps left over properties. You’ll never get the greasy shit stains out. Or the smell.
Edit: it occurs to me that one strategy rich fucks use for “earning” a living and avoiding cap gains taxes is taking loans using their assets as collateral- with real estate, taking extra mortgages out and using their rent income to pay interest.
So chances are solid most of, if not all of his properties are leveraged.
Could buy them at auction, to raze them and plant a small park. Just erase the asshole from our memory.
The E. Jean Carroll park. I love it.
The E. Jean Carroll Immigration Celebration park
Remove his name entirely.
I think it is also very unusual to provide a bond over 100 million, and I assume that they want liquid assets beyond that amount.
I believe in monopoly we call that Game over.