politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
How does one get a 175 million fake bail bond? Like, the magnitude of scale alone is insane, but they tried to fake it?!
I can see why they are concerned. Nearly 200 million is no joke. This would wreck a smaller company if 200 million was needed immediately. And Trump doesn't exactly owe this company his alliance.
Even though "Hank" the owner of the company, is a billionaire in CA from car loans and rental properties. Most of his assets are tied to properties that will not be easy to sell on the spot (Eviction usually takes at least a month), or on car loans that take time to accumulate in value.
On a non logical note: He isn't exactly the most trustworthy either....
So lying to get what they want isn't off the table in this case either.
I think the deal is that the parent company of the bond issuer is in the Cayman Islands, so the court would likely be unable to collect payment.
https://finance.yahoo.com/news/trump-bond-cayman-connection-stinks-084524447.html
We have the best offshore holding companies! The best!
It's not the only factor. They're also additionally known to "overinsure" collateral, meaning they most likely don't have enough cash on hand to pay out the full sum (or if they do, it would hurt their ability to pay their other liabilities, creating the equivalent of a "bank run" risk)