gregorum@lemm.ee to News@lemmy.worldEnglish · 9 months agoTrump has been unable to get bond for $464 million judgment, his lawyers saywww.nbcnews.comexternal-linkmessage-square156fedilinkarrow-up1711arrow-down117cross-posted to: politics@beehaw.org
arrow-up1694arrow-down1external-linkTrump has been unable to get bond for $464 million judgment, his lawyers saywww.nbcnews.comgregorum@lemm.ee to News@lemmy.worldEnglish · 9 months agomessage-square156fedilinkcross-posted to: politics@beehaw.org
minus-squareobviouspornalt@lemmynsfw.comlinkfedilinkarrow-up4·edit-29 months agoI’m wondering what priority the state has over existing lienholders. If State has priority, then some banks may be about to get hosed.
minus-squarefine_sandy_bottomlinkfedilinkarrow-up2·9 months agoDoubtful. That would penalise the banks, which is a no-no, economically speaking. They can force sale but the banks get first cut.
minus-squareobviouspornalt@lemmynsfw.comlinkfedilinkarrow-up1·9 months agoThen given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.
I’m wondering what priority the state has over existing lienholders. If State has priority, then some banks may be about to get hosed.
Doubtful. That would penalise the banks, which is a no-no, economically speaking.
They can force sale but the banks get first cut.
Then given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.