SebastianBlue
President, International Julian Alvarez Fan Club
- Joined
- 25 Jul 2009
- Messages
- 57,736
I’ll set the chances of the bond company ever seeing their money as the same as Sheffield United winning the league.Trump posts bond.
At the last minute Trump has posted a bond of 91m USD in the E Jean Carrol case. He has not posted his own cash but a bond company has come up with the money secured on a Trump asset. If his appeal is successful he gets the money back. If unsuccessful that money goes direct to Ms Carrol. If the damages are reduced, that’s what she gets from the bond with the balance returned to Trump. The premium that Trump has to pay to the bond co is about 10% of the bond. The bond co can sell the asset if Trump cannot pay them. The asset used is not disclosed….Mar-a-Largo?
Same for Trump’s lawyers and their litigation fees.