Trump ordered to pay full $454 million fraud judgment, but can apply for loans during appeal
Trump ordered to pay full $454 million fraud judgment, but can apply for loans during appeal
www.cnbc.com
Trump ordered to pay full $454 million fraud judgment, but can apply for loans during appeal
Judge Anil Singh’s ruling in Manhattan Supreme Court allows Trump and his two adult sons to stay in control of their companies while the former president seeks to appeal the massive fine.
The Trumps can also continue to apply for loans from financial institutions chartered or registered in New York during this time, the judge ruled
Let’s see how much the banks love him now.
Coming soon: a 0% interest loan for 150% of his obligations from a bank owned by a Russian oligarch with a million ties to Putin.
Conspiracy theory I’ll never be able to prove: the new wave of Russian sanctions that Biden enacted last week are an attempt to thwart this outcome.
Honestly wouldn't mind.
If they're wasting half a billion on Trump's legal bills, that's half a billion that can't be spent bombing Ukrainians.
He was just found to be lying though his teeth about his financial situation and the value of the things he uses as colatteral.
Even if some bank where to decide to loan him money, the shareholders of the bank might sue the bank. I can only imagine trump is radioactive for loans.
So his only chance would be from personal loans. And how do we feel about a president with massive personal loans to unnamed billionaires.
High risk means high interest. If he can even get a loan, it'll be very steep.
For a possible future president? Likely at 0.0%
They will make their money back in politcal grift later.
Nah he will try to value his estates at several billions, making him more than good for it, and hope to get the loans dirt cheap as he always has done.
Like when right outside the court he slandered Jean Carroll again, just after being fined for it!
IDK if he is stupid enough to do that, he might instead value his underpants at several billion, and hope some bank will buy it.
US banks have refused to do business with him for decades; that's why he had to turn to Deutsche Bank in the first place. And when they balked, he had to turn to the Russians and Saudis.