Levin Asks an Interesting Question
I'm still not convinced that Trump does not already have the money lined up to cover the appeal; half a billion in cash ready to deposit with the court. We'll find out for sure on Monday.
That said, Levin asks an interesting question. Trump admitted 30 bonding companies turned him down. He has taken no known action to get loans against his properties to raise the needed cash; perhaps because those properties are already so leveraged that additional mortgages on them is not an option. And if Levin's observation is correct, Republican mega-donors are leaving Trump high and dry; probably because they know no one in their right mind would take Trump on as a credit risk when he is highly likely to lose the appeal, and his track record as a borrower and businessman is poor. Six bankruptcies and a track record of stiffing vendors is not helpful.
I'm still not convinced that Trump does not already have the money lined up to cover the appeal; half a billion in cash ready to deposit with the court. We'll find out for sure on Monday.
That said, Levin asks an interesting question. Trump admitted 30 bonding companies turned him down. He has taken no known action to get loans against his properties to raise the needed cash; perhaps because those properties are already so leveraged that additional mortgages on them is not an option. And if Levin's observation is correct, Republican mega-donors are leaving Trump high and dry; probably because they know no one in their right mind would take Trump on as a credit risk when he is highly likely to lose the appeal, and his track record as a borrower and businessman is poor. Six bankruptcies and a track record of stiffing vendors is not helpful.