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He’s a real estate investor. Having most of his money in real estate is not the same as actually being broke. That’s like a rich college student complaining they’re “broke” when they’re out of cash in their wallet, but they still have a $1,000,000 trust fund they conveniently forgot to tell you about.
Trump can still walk into any bank, take out a loan against his properties, and have all that cash on hand again. The courts need to force him to actually sell his assets. If he refuses, put liens on his properties until he loses them all. Then maybe he’ll know what broke is.
EDIT: Looks like this judgement was lifted yesterday. TIL
~~No, he can't walk into any bank, because he is literally barred from taking any loans from banks in New York. That was part of a previous judgement. And since many of the biggest American financial institutions operate out of NYC, he's pretty fucked in that regard.
He would have to rely on wealthy friends (who are extremely wary of his situation) or foreign banks that will offer him incredibly predatory conditions since they know he has no choice but to accept~~
When the appeals court told him he had to post full bond they put a stay on the judgements that barred him from getting loans in NY and the one that prevents him from running a business. So until his appeal process is complete he can still get loans from banks in NY. And everyone with an interest in these crooked feelings, likely including NY banks, wants this overturned and will be willing to help him through that process.
Not relevant. The banks won't loan to someone under 91 indictments who also owes 400+m
Citation please? I seem to recall that he was trying to get a stay on that judgement but was denied
Yeah it just came out yesterday.
https://www.cnn.com/cnn/2024/02/28/politics/donald-trump-appeals-court-new-york/index.html
Thank you very much! Updating my reply
No problem! It's so hard to keep up with everything. Someone please wake me up when real consequences hit. 🙏
It really is :/ Shit gets crazier every day