politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
The real question is why does someone who claims to be worth around $6B need a loan at all? It just doesn't make sense. /s
Serious answer: Because most wealth isn't liquid and liquation can take a while.
EDIT: In general, obviously not the case now
Very false, anyone with actual money and assets has proper valuations gathered and strong relationships with banks and partners, if at any point they need access to that money they would have a line up of people ready to fiance them short term.
I don't have anywhere near a billion but if I need access to liquid assets I have a ton of ways to do that.
If any of his financial claims were true and could be verified with documents he would have had his money within an hour.
coupled with the nature of his crimes making him radioactive to potential future creditors.... and uncertainty of his entire business in the state of ny.... and when they do attempt to secure the collateral on his properties, they'll begin to lose value quickly because everyone will know he's selling no matter what.
You don't understand things that the news says and just repeat them like a parrot.
This is an attempt to secure a bond. To secure that bond he needs to put up collateral. His lawyers said banks are asking for collateral around $550 million or something, higher than the value of the bond. I can’t recall off the top of my head the actual value.
His lawyers said he is unable to provide that collateral.
Which means that his assets can’t cover the bond. Unless I’m misunderstanding something.
I thought he needed cash to get bail, thanks for the info.
The threat of prison tends to expedite financial transactions.
Yes, but quickly liquidating assets means less returns. So a loan (even with interest) might make more sense in general although I doubt that's the case here.
So Donnie dipshit has to make a choice;
Go to prison or take a loss on an investment.
If you think this choice is the reason he can't pay his dues I have a bridge to sell you.