Yeah… Trump supposedly put up cash.
Emphasis on “supposedly.”
At some point doesn’t somebody have to put up some actual money for fucks sake??
Like, past tense already?
Well…kinda?
I mean, the government is requesting information that should have been made in the original filing. I do not think putting up these bonds is anything new. The process is well established and well advertised.
It’d be like my landlord (if I had one) demanding more information because I forgot to sign my rent check and giving me more time to do that.
Especially for a company whose line of business is putting up bonds.
I wonder if the cash looked like this?
NY does not care what Trump put up. They do not care if Knight gets paid.
(Unless this bond falls through and NY needs to go after Trump’s funds directly. Then they will start caring about his collateral.)
Yeah, “kinda” is a good way to say it. It’s conceivable that Knight doesn’t know NY’s requirements for putting up bonds if they haven’t done it before. And maybe this isn’t a standard request, because NY generally has confidence in the surety companies, or access to their financial records through other means.
But all that isn’t really pertinent if Knight isn’t even allowed to operate in NY, and if their initial submission misrepresented their reserves. That seems more like fraud than botching it.
How ironic, and how typically Trumpian to commit fraud to pay for the fraud previously committed.
Maybe they’ll get sued, who will post the bond for Knight in that situation?
Obviously, Trump will pay Knight’s bond, using the same fictitious money that Knight used to pay Trump’s bond.
Skimmed the CNN story on this, and one isolated sentengraph really bought my eye,
That situation can be problematic for a lender of last resort.
Except if you kept doing that several times every month for eight years, falling further and further behind and then offering to pay in Bibles, your landlord would probably have lost patience with you by now.
Perhaps I’m wrong (far from the first time), but I thought Trump had to put up real cash etc. in escrow to Knight in order for them to put up the bond? Wasn’t something like that what the trump camp said when the bond was announced? Wouldn’t that provide funds for paying NY?
“It was a relatively low number, and Donald Trump put up all the collateral in cash,” Hankey said.
Hankey could not recall if Trump also used bonds as collateral for the finalized bond, noting that his company reviewed some of the former president’s bonds, which he said were as “grade-A bonds, investment grade quality securities.”
“We’re confident that we have very good collateral,” Hankey said.
The bond company pays NY. Trump pays the bond company. NY doesn’t care if the bond company gets stiffed. They care that the bond company can cover the amount.
Ah, gotcha. I take it the bond company can’t dip into Trump’s money until after they’ve paid the bond?
This is the detail that smells especially fishy. I’m no expert in surety bonds, but why would Trump pay a fee for a bond collateralized by cash, when he could just as easily put up the cash and paid no fee?
Someone asked this earlier and if it was answered, I missed it. Maybe there’s some advantage. Because otherwise it makes no sense and reeks of the typical Trump skullduggery.
Any ideas?
“Very good collateral, the best, the greatest ever”..
1000 cases of trump shoes and bibles. 
Trump’s cash is in rubles?