Re That Appellate Bond Requirement? The Idea He will Force a Seizure of His Business?
"Should Trump lose his appeal, the full amount of the judgment, interest and fees would have to be paid within 10 days of the appellate decision. And to be able to do that, the surety company must have collateral that is reasonably liquid.
Appellate bonds are typically collateralized with cash or liquid securities, not real estate assets. That is because once an appeal is decided, the surety company has a short window to pay the judgment. And, of course, real estate is not easy to liquidate quickly, at least not without a very substantial “haircut.”
Could an appellant secure a bond without collateral? Maybe, if the reputable company had liquid assets of seven times the bond amount and fixed assets between 15 and 20 times the bond amount. Trump is having trouble securing a bond because he doesn’t have $500 million in cash for collateral, let alone seven times that to bond the appeal without collateral."
No one is willing to take his shitty real estate holdings as collateral for the bond! No one legitimate, so far.
How stupid to think bozo wants to "force" a seizure of his business "assets."
Labels: ann althouse, Donald Trump, Just Plain Stupid
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