It's funny that you wrote about Trump being broke just before the Truth Social merger nets him over 3 billion dollars. Wasn't on my radar either. And it may still not be quite in time for the half billion dollar bond he needs, but if they give him two extra weeks it will be plenty of surety for such a bond. And with cash left over to fund his other problems. All netted from a private social network and financial scam that is part politics part hucksterism in classic Trump style. You can't keep a good con man down.
fwiw, it's really unclear this is going to solve trump's problems. he can't get at the money for six months at least under law. if he tries a work around, or really whenever he sells stock, it's going to tank, probably catastrophically. because it's so overvalued, it's unlikely anyone's going to want to use it as collateral (we know this because of course he's already offered it as collateral and everyone turned it down!)
We'll see if he can still pull off some kind of con. Maybe you're right and he can't. Official bonds acceptable to the state of New York are pretty heavily regulated as far as I can tell. And so far none of his billionaire buddies have been willing to bail him out by fronting cash for him. Which just seems sensible to me. It would be nice to see bad things happen to a bad person, but it is so rare... And sorry for the duplicate comment, don't know how it happened.
All good but maybe you should cross the street next time you see Poetry coming.
Thanks for all the good writing!
Sorry to be the bearer of bad news, but all the glue in the world won’t hold it together. I appreciate your work.
Magnolia.
It's funny that you wrote about Trump being broke just before the Truth Social merger nets him over 3 billion dollars. Wasn't on my radar either. And it may still not be quite in time for the half billion dollar bond he needs, but if they give him two extra weeks it will be plenty of surety for such a bond. And with cash left over to fund his other problems. All netted from a private social network and financial scam that is part politics part hucksterism in classic Trump style. You can't keep a good con man down.
removed your duplicate comment!
fwiw, it's really unclear this is going to solve trump's problems. he can't get at the money for six months at least under law. if he tries a work around, or really whenever he sells stock, it's going to tank, probably catastrophically. because it's so overvalued, it's unlikely anyone's going to want to use it as collateral (we know this because of course he's already offered it as collateral and everyone turned it down!)
so...he's still broke, is the short version. https://www.npr.org/2024/03/22/1240116446/trump-truth-social-dwac-stock-listing-legal-troubles
We'll see if he can still pull off some kind of con. Maybe you're right and he can't. Official bonds acceptable to the state of New York are pretty heavily regulated as far as I can tell. And so far none of his billionaire buddies have been willing to bail him out by fronting cash for him. Which just seems sensible to me. It would be nice to see bad things happen to a bad person, but it is so rare... And sorry for the duplicate comment, don't know how it happened.