▲ 378 ▼ Trump spirals as bond deadline in fraud case nears (thehill.com) submitted 2 years ago by vegeta@lemmy.world to c/news@lemmy.world 54 comments fedilink hide all child comments
[–] anon_8675309@lemmy.world 4 points 2 years ago (1 child) I think I would too. He could live the entire rest of his life on 9B making zero interest and losing value to inflation. permalink fedilink source parent hideshow 2 child comments replies: [–] KevonLooney@lemm.ee 6 points 2 years ago Right now $9.5 billion in Treasury Bills can make you $484 million per year. Enough to buy a yacht or pay a massive civil penalty, depending on who you are. That's the best thing about Trump not being able to scrape together $460 million. Any real billionaire would just get a loan and pay it off with the income from their investments over time. Never sell good assets unless it's for more money. Trump has no good assets that he hasn't already mortgaged. So no bank will lend to him. He's probably fucked. We'll see on Monday. permalink fedilink source parent
[–] KevonLooney@lemm.ee 6 points 2 years ago Right now $9.5 billion in Treasury Bills can make you $484 million per year. Enough to buy a yacht or pay a massive civil penalty, depending on who you are. That's the best thing about Trump not being able to scrape together $460 million. Any real billionaire would just get a loan and pay it off with the income from their investments over time. Never sell good assets unless it's for more money. Trump has no good assets that he hasn't already mortgaged. So no bank will lend to him. He's probably fucked. We'll see on Monday. permalink fedilink source parent