Trump could secure a bond, but it will cost him

So if Mr Trump owed $370m in disgorgement, he might have to pay a bond company $37m (£29m) to issue the bond. And he will not get that fee back.

Trump could sell assets to raise enough cash

“Something is going to have to be sold or realised in order to get the money to pay for that kind of cost,” said William Thomas, a professor at the University of Michigan Ross School of Business.

Trump could ask his loyal supporters for the money

Mr Trump may also turn to the massive fundraising engine he uses to pay his tens of millions in legal fees. According to the New York Times, 10% of every dollar that is raised from his supporters goes to pay for his defence in his civil and criminal trials.

  • Burn_The_Right@lemmy.world
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    9 months ago

    Jared Kushner is holding the $2 billion the Saudis paid for the secrets Trump sold them. If Trump ever agreed to actually pay such a high fine, the money would come from Jared’s shell company.

    • Flying Squid@lemmy.world
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      9 months ago

      Or Jared and Ivanka got what they wanted out of Trump and don’t care about him anymore.

      Notice they haven’t been campaigning with him.

      • Burn_The_Right@lemmy.world
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        9 months ago

        I think they are scared to be seen with him. They see his path to prison and have a real shot at keeping his $2 billion.

    • Pretzilla@lemmy.world
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      9 months ago

      I think he’s just ‘managing’ that $2B. So he gets to play with it and probably keep part of the gains plus a quarterly fee or something like that.

      Maybe they let him ‘invest’ it how he likes so he’s free to ‘invest’ it in his FIL’s risky legal schemes.