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.

  • GrundlButter@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    2
    ·
    8 months ago

    “You loved Trump NFTs, I think they were a pretty 'uge success, almost as successful as Trump University I’ve heard people say. Now you’re going to love the official Donald J Trump cryptocurrency. It’s backed by the success of the entire Trump legacy, so when I’m doing good, you’re doing good. And according to my most recent cognitive test, I’m doing good, I’m taking one a week now cause ya just gotta know, right? Nobody takes as many cognitive tests as me. Make sure you purchase my cryptocurrency, your money’s safe, you can buy them everywhere except New York, where trust me, your money isn’t safe from witch hunts and people you touch just barely once, okay.”

    -Trump next month probably

  • FuglyDuck@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    8 months ago

    At this point… do you really think some one is gonna loan him millions with out some form of corruption?

  • Fapper_McFapper@lemmynsfw.com
    link
    fedilink
    arrow-up
    1
    ·
    8 months ago

    What is even this question? They told us exactly what they’re doing. Trump is installing family members and stooges to the RNC. The RNC will be paying his legal bills. LOL.

    • Burninator05@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      8 months ago

      That may not help as much as he’d hopes. In October (the last filing available) the RNC only had $8m on hand. That is the lowest it’s had since 2015 and is less than half of what it had at this point is 2016 ($20m) and just over an eighth of what it had in 2020 ($61m).

  • TWeaK@lemm.ee
    link
    fedilink
    English
    arrow-up
    0
    ·
    8 months ago

    Can he secure a bond? Would any of them front the money?

    In the past he hasn’t used bond services, the question is whether he is too cheap or whether they wouldn’t give him credit. I think the latter.

    • Riccosuave@lemmy.world
      link
      fedilink
      arrow-up
      0
      ·
      8 months ago

      The other problem for him is that he is likely going to be barred from securing financing from any New York based financial institutions as he is facing down a lifetime ban from conducting business in the state along with disincorporation.

      That leaves him with an even bigger problem, which is that taking money from an outside financial entity that is controlled by another state actor would potentially further disqualify him from office under the emoluments clause.