@kescusay to politics English • 7 months agoTrump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politicswww.cnn.comexternal-linkmessage-square82arrow-up1395arrow-down16file-text
arrow-up1389arrow-down1external-linkTrump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politicswww.cnn.com@kescusay to politics English • 7 months agomessage-square82file-text
minus-square@FlowVoidlinkEnglish6•edit-27 months agoI think he probably put up a building or two as collateral, kind of like a HELOC. If it’s not paid back, they repo the building(s).
minus-square@mercanolink9•7 months agoI hope they got their own appraiser, because the Trump org is infamous for making up numbers. Better check the paperwork at city hall, too, to make sure there are no undisclosed mortgages, leans, or easements on the property.
minus-square@RememberTheApollo_link6•7 months agoAn institution capable of making risky loans of substantial size certainly should have high quality risk and valuation assessment capabilities.
I think he probably put up a building or two as collateral, kind of like a HELOC. If it’s not paid back, they repo the building(s).
I hope they got their own appraiser, because the Trump org is infamous for making up numbers. Better check the paperwork at city hall, too, to make sure there are no undisclosed mortgages, leans, or easements on the property.
An institution capable of making risky loans of substantial size certainly should have high quality risk and valuation assessment capabilities.