“The recent deal concerning Truth Social won’t help Trump anytime soon.”
If you think someone with a net worth of $8+ Billion dollars and has properties all over the world can’t secure a $500M Bond or loan, you haven’t been watching Donald Trump for the past 45 years.
I guess Trump was just talkin’ trash yesterday when he said, we will appeal.
“If you think someone with a net worth of $8+ Billion dollars and has properties all over the world can’t secure a $500M Bond or loan, you haven’t been watching Donald Trump for the past 45 years.”
I didn’t say he couldn’t get a bond, just that Truth Social doesn’t enter into the calculation.
My uninformed guess: The appeal will be bonded but only after some effort. Much of Trump’s net worth is in real estate. For each property, you have to ask if it’s mortgaged, and also what the ownership structure is. A property might be owned by a limited liability company, which is in turn owned in various percentages by Trump, his children, and possibly a corporation that’s also part of the Trump Organization. In many of Trump’s investments, he has one or more partners who also have a stake in the property.
Untangling all that, to get a surety company to issue a bond, will be doable but complicated. From what I’ve seen of Alina Habba, I’m not sure she has the legal chops for it. I’m not surprised that Trump is considering hiring an appellate specialist.