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Trump is suddenly in need of a lot of cash
Posted by: Fritz
Date: February 20, 2024 12:02PM
Trump is suddenly in need of a lot of cash. That’s everyone’s problem

"After his former lenders cut ties with him in the aftermath of the January 6 insurrection, for example, Axos Bank, whose CEO is a Republican donor, swooped in and loaned the former president some $225 million, helping Trump shore up his finances. (Trump has also reported new income from foreign entities, like a new deal he struck with a Saudi-based firm.)"



!#$@@$#!

What if the hokey pokey really is what it’s all about?

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Re: Trump is suddenly in need of a lot of cash
Posted by: Ombligo
Date: February 20, 2024 12:05PM
He would probably sell New York to Greenland.



“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld

"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias

The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late
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Re: Trump is suddenly in need of a lot of cash
Posted by: gabester
Date: February 20, 2024 12:29PM
I've long been concerned that the GQP and their addled cultish followers might try to crash the financial system by having these folks pull their money out of banks / retirement / not pay mortgages / sent it all to the only one who alone can solve it.

Can you just imagine if 30 million people in the US suddenly took just $100 and sent it that $3 billion to the world's most narcissistic con man ever? If he enabled a pyramid scheme that made it look like those folks were all making tremendous profits of their investment in his future... so they all put in 100x more and sent him $10,000 each so that he had trillions to play around with?

Fortunately I think the vast majority of the cult following doesn't have more than a couple bucks to rub together - they're mostly already in debt and leveraged up to their eyes, probably explains why they can't see the way the world really is.



g=



Edited 1 time(s). Last edit at 02/20/2024 12:29PM by gabester.
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Re: Trump is suddenly in need of a lot of cash
Posted by: hal
Date: February 20, 2024 12:31PM
I'm reading that his next move is bankruptcy. It's working for Rudy - it's working for Alex Jones who hasn't paid a penny of the $1.5B owed. It will delay things by a couple of years probably.

If true, that means that he is now working on how to spin it...
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Re: Trump is suddenly in need of a lot of cash
Posted by: Ombligo
Date: February 20, 2024 12:55PM
The one good thing about bankrupture is his kids would get shafted as well. The property would still get sold off to meet his debts. This isn't like when the casino went bankrupt, that had a physical asset in itself. This time all his property, including Mar-a-lago and his golf courses, his plane, etc could be liquidated to meet all the liens.

But the fleeced sheep have the gofundme account up to $700k



“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld

"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias

The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late
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Re: Trump is suddenly in need of a lot of cash
Posted by: vision63
Date: February 20, 2024 01:02PM
Quote
Ombligo
The one good thing about bankrupture is his kids would get shafted as well. The property would still get sold off to meet his debts. This isn't like when the casino went bankrupt, that had a physical asset in itself. This time all his property, including Mar-a-lago and his golf courses, his plane, etc could be liquidated to meet all the liens.

But the fleeced sheep have the gofundme account up to $700k

Rudy and Alex don't have anything of value that can be sacrificed. Chapter 11 reorganization wouldn't protect Trump from his judgment. He can't reorganize it out of existence. Chapter 13 is a liquidation, right?

I doubt he'd file for "personal' bankruptcy. His only hope is to raise the money to pay the judgments outright without liquidating anything. bitchass
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Re: Trump is suddenly in need of a lot of cash
Posted by: numbered
Date: February 20, 2024 01:05PM
What hal said.

David Cay Johnston wrote about this today.

He points out that a bankruptcy will allow him to appeal without posting a bond (because bankruptcy is a giant 'stay' until trustees are in place), and will allow Trump to
Quote

tell his cultish believers that he is as rich as ever, but he was forced to seek refuge in Bankruptcy Court by the Marxist-Fascist-Corrupt-Deep State-Liberal-Radical cabal he blames for his legal woes.

It would not protect him forever. But it will buy a year or two.

Personally, I think the Saudis will come through with a billion or so.
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Re: Trump is suddenly in need of a lot of cash
Posted by: vision63
Date: February 20, 2024 01:06PM
Quote
numbered
What hal said.

David Cay Johnston wrote about this today.

He points out that a bankruptcy will allow him to appeal without posting a bond (because bankruptcy is a giant 'stay' until trustees are in place), and will allow Trump to
Quote

tell his cultish believers that he is as rich as ever, but he was forced to seek refuge in Bankruptcy Court by the Marxist-Fascist-Corrupt-Deep State-Liberal-Radical cabal he blames for his legal woes.

It would not protect him forever. But it will buy a year or two.

Personally, I think the Saudis will come through with a billion or so.

They better come through before November.
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Re: Trump is suddenly in need of a lot of cash
Posted by: gabester
Date: February 20, 2024 01:26PM
I'm fine with the org zeroing out all the budget from the airplane maintenance to pay for these court costs!



g=
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Re: Trump is suddenly in need of a lot of cash
Posted by: RgrF
Date: February 20, 2024 01:27PM
dup



Edited 1 time(s). Last edit at 02/20/2024 01:29PM by RgrF.
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Re: Trump is suddenly in need of a lot of cash
Posted by: Fritz
Date: February 20, 2024 01:37PM
alex .... ggrrrrrrrrrrrrrrrrrr!



!#$@@$#!

What if the hokey pokey really is what it’s all about?

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Re: Trump is suddenly in need of a lot of cash
Posted by: sekker
Date: February 20, 2024 03:44PM
I keep waiting for the great House of Cards to fall.
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Re: Trump is suddenly in need of a lot of cash
Posted by: N-OS X-tasy!
Date: February 20, 2024 04:43PM
Quote
vision63
Rudy and Alex don't have anything of value that can be sacrificed. Chapter 11 reorganization wouldn't protect Trump from his judgment. He can't reorganize it out of existence. Chapter 13 is a liquidation, right?

Chapter 7 is liquidation.



It is what it is.
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Re: Trump is suddenly in need of a lot of cash
Posted by: vision63
Date: February 20, 2024 04:55PM
Quote
N-OS X-tasy!
Quote
vision63
Rudy and Alex don't have anything of value that can be sacrificed. Chapter 11 reorganization wouldn't protect Trump from his judgment. He can't reorganize it out of existence. Chapter 13 is a liquidation, right?

Chapter 7 is liquidation.

What is Chapter 13?
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Re: Trump is suddenly in need of a lot of cash
Posted by: RgrF
Date: February 20, 2024 05:31PM
Quote
vision63
Quote
N-OS X-tasy!
Quote
vision63
Rudy and Alex don't have anything of value that can be sacrificed. Chapter 11 reorganization wouldn't protect Trump from his judgment. He can't reorganize it out of existence. Chapter 13 is a liquidation, right?

Chapter 7 is liquidation.

What is Chapter 13?

13 is a reorganization with payments scheduled, usually used to save a mortgaged property. It's a consumer version of Ch 11.
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Re: Trump is suddenly in need of a lot of cash
Posted by: gadje
Date: February 20, 2024 07:44PM
about 10-12 threads below... 4 billion?
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Re: Trump is suddenly in need of a lot of cash
Posted by: $tevie
Date: February 20, 2024 08:15PM
Someone on Twitter shared this. I'm putting it here because there's nowhere else applicable right now.

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