Why aren’t Trump supporters financially helping Trump with his bond & isn’t it embarrassing Trump’s not as rich or business oriented as he says he is?

[TightLipps]

[msc545]

His supporters are mostly lower income people. The will buy his cheap merchandise (hats, shirts, etc) but understandably balk at much more than this. His wealthier supporters are still too smart to give or loan him money that they will never see again.

[msc545]

Thanks for MHO

[TightLipps]

I thank you for having a functional brain afloat in a sea of mindless-MAGA morons.

[msc545]

As do you - thanks!

[DryGermanGuy]

There can only be so many suckers willing to part with their hard earned money. Trump said "I love the poorly educated", the trouble is, large parts of his fanbase work minimum wage jobs.

[abc3643]

Trump is reasonably wealthy. Various estimates put it around $3 billion. However, most of that wealth is locked-up in real estate. This means, he is not "very liquid"; his wealthy does not have much "liquidity" - that is, easily transferrable into other things. Cash is the ultimate liquid asset.

Trump is in a hard place right now because his penalties need to be paid at least by bond while he appeals. His problem is that "surety companies" who'd put up the bond aren't going to do it given the massive amount he needs to come up with. He could use real estate as collateral, but they don't want it; real estate is a pain in the ass - it's not liquid, you have to manage it or sell it and have to pay property taxes on it. The surety companies want cash.

So, Trump either needs to go to a lot of surety companies who, together, can cover his ass or he needs a court to lower the bond necessary (which would be about $500 million) or he needs to declare bankruptcy or he needs to start selling real estate and fast!

We'll find out what happens on 25 MAR 2024, but there's a good chance that the State of New York is going to own Trump Tower.

[strateguy632]

its a shame can't wait during appeal. political target n alll

[exitseven]

I started to think about Jan6th and how the democrats got outsiders to incite a riot and ran it all over the news selling it as the worst thing to happen since the Attack on Pearl Harbor. People lapped it up and they actually made a TV show out of it.
President Trump has a background in TV and has watched as his popularity has grown with every indictment. The public can see that it is just the democrats trying to steal another election. Imagine the TV cameras showing Letishe James putting a foreclosure notice on the front door of Trump Tower. President Trump will get such a boost in the polls that it will drive a stake through Joe Bidens heart

[abc3643]

@strateguy632 Actually...
1. It did wait. Trump was given a 30-day grace period by the NY State Attorney General's Office. They were not required to do that and could have said "Fork up!" right then and there.
2. Trump may get a reduced bond amount subject to a court ruling before 25 MAR.
3. Trump is his own worst enemy. Forgetting about any fraud for the moment, his being an asshole who doesn't pay his bills has A) given him a reputation of not being a good credit risk, B) a belief by the surety firms that he will lose his case so they will be stuck, and C) Chubb, the surety company while gave Trump the bond for the sexual assault cases has gotten considerable negative feedback so their CEO doesn't want to give Trump any more and neither do the other companies; they don't want the negative press and they don't want his real estate when he loses.

[abc3643]

@exitseven You've really drank the KKKool Aid, haven't you?

[exitseven]

The democrats have been saying nonstop that Trump does not pay his bills. Meanwhile there are banks lined up down the street wanting to loan his company money and his credit rating is excellent. The one thing the democrats have failed to do was to produce one business that Trump has stiffed. Surety firms generally will not take real estate as collateral because the Market
is so volatile and it is a lot of work to either sell it or rent it out

[abc3643]

Trump doesn't pay his bills.
Think about it.
Trump uses lawyers for everything. So, when you hire a subcontractor, the subcontractor does the work and then expects to get paid. Trump delays paying. What does the subcontractor do? Wait and wait and wait. Ultimately, the subcontractor then has to sue - which costs the subcontractor money to pay for lawyers. But that bill would rise quickly, so either the subcontractor settles for a smaller amount or gets stiffed altogether.

This is so famous that there's a group for this in New York. I forget what it is called, but I learned about it last year. @loveslongnails can probably enlighten you more than I can.

This is from the Wall Street Journal, not exactly a bastion of the Democratic Party or liberalism...
www.wsj.com/.../donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454

Donald Trump’s Business Plan Left a Trail of Unpaid Bills
Hardball tactics from the presumptive Republican nominee’s real-estate career had some suppliers claiming he shortchanged them
By Alexandra Berzon
Updated June 9, 2016 4:52 pm ET

Donald Trump often boasts on the presidential campaign trail that hardball tactics helped make him a successful businessman, an approach many voters say they admire. Those tactics have also left behind bitter tales among business owners who say he shortchanged them.

A review of court filings from jurisdictions in 33 states, along with interviews with business people, real-estate executives and others, shows a pattern over Mr. Trump’s 40-year career of his sometimes refusing to pay what some business owners said Trump companies owed them.

A chandelier shop, a curtain maker, a lawyer and others have said Mr. Trump’s companies agreed to buy goods and services, then reneged when some or all were delivered.
...

I have a WSJ subscription. I gifted the article so you can read it in full.

www.wsj.com/.../donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454

[exitseven]

You heard it here first folks.

[sawno]

Don't listen to david pakman he is a very dishonest commentator.

This particular one is a very transparently corrupt judge coming after trump and he will win on appeal. Donating to his cause won't really make a difference so his supporters won't be that motivated to give new york money they rather just donate to the campaign.

People like Trump don't have a lot of money on hand, they have it tied up in assets and receiving that amount of money from your assets isn't something you can just so. So he will likely have to forfeit a building so it gets paid trough that. He then still has good wealth, its just not liquid wealth.

Trump is rumored to want to comply with this and give them the Trump tower in hopes of getting it back on appeal.

[exitseven]

I never give to any politician. Trumps campaign has raised millions since he announced his candidacy and they were mostly from small donors. I think the average donation was less than 50 bucks. There were millions who donated which speaks to his popularity. He really has not appealed to his supporters to help bail him out. I think it was his personal choice. If he were to have run a Go Fund Me page I am sure it would raise millions overnight. I think he has something else in mind.

Biden has Soros and Mark Zuckerburg as donors and of course the Chinese Communist Party. Biden's base are all on welfare. Their motto has always been "ask not what I can do for this country, ask what the country can do for me" (with apologies to President John F Kennedy)

[Drewtate]

Speak out about the establishment and they take everything you own. The ORS does this all the time. In Canada protesting the government gets your bank account frozen.

[Jersey2]

You have a fake account! You are not 13 and all you post are anti-Trump posts. You are the type of pathetic person that ruins GAG. Such a loser.

[SolitarySolace]

If they did Trump wouldn’t be gaining as much political support. He’s winning because of all the political attacks against him.

[Anonymous]

What’s even more embarrassing is a child trying to talk politics when she just had her first period a month ago. 🙄

[handsomelad70]

Trump's a cheerful liar, to quote my mother. Who'd believe him about ANYTHING?

[Anonymous]

Trump has been business-oriented his entire life. Half the tall buildings in New York were developed by Trump.

[abc3643]

Not quite.

You might wish to learn who Larry A. Silverstein is.

[Opinion Owner]

@abc3643 I know who Larry Silverstein is, he only did the World Trade Center, which is a tiny percentage of New York real estate. Trump did most of the rest of New York between 1970 and 2005.

[OddBeMe]

Yes. But as he’s shown, he has no shame. And his reality is in his head.

[Anonymous]

Bidens broken them economically, one of the smartest things he's probably ever done, very Sun Tzu