gregorum@lemm.ee to News@lemmy.worldEnglish · 9 months agoTrump has been unable to get bond for $464 million judgment, his lawyers saywww.nbcnews.comexternal-linkmessage-square156fedilinkarrow-up1706arrow-down117cross-posted to: politics@beehaw.org
arrow-up1689arrow-down1external-linkTrump has been unable to get bond for $464 million judgment, his lawyers saywww.nbcnews.comgregorum@lemm.ee to News@lemmy.worldEnglish · 9 months agomessage-square156fedilinkcross-posted to: politics@beehaw.org
minus-squarefine_sandy_bottom@discuss.tchncs.decakelinkfedilinkarrow-up2·9 months agoDoubtful. That would penalise the banks, which is a no-no, economically speaking. They can force sale but the banks get first cut.
minus-squareobviouspornalt@lemmynsfw.comlinkfedilinkarrow-up1·9 months agoThen given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.
Doubtful. That would penalise the banks, which is a no-no, economically speaking.
They can force sale but the banks get first cut.
Then given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.