34 Hey Uncle Fester, here's one for "The Sunday Funnies.>>> "Cohen: Trump Can’t Afford NYC Fraud Judgment — He’s in ‘Complete and Total Panic Mode’ (www.breitbart.com) posted 268 days ago by aslan_is_0n_the_m0ve 268 days ago by aslan_is_0n_the_m0ve +34 / -0 Cohen: Trump Can't Afford NYC Fraud Judgment -- He's in 'Complete and Total Panic Mode' Michael Cohen, a former personal attorney for Donald Trump, said Friday on MSNBC's "Deadline" that the former president can not afford the New York City civil fraud trial judgment against him. | Clips 16 comments share 16 comments share save hide report block hide replies
I'm not so sure this is fantasy.
When Trump had to pay a $25 million dollar fine he did not just write a check. He took a loan from ladder capital to cover it.
This is more than 10 times that fine.
Most of Trump's wealth is properties so he is not very liquid.
Let's say Trump sells a building. He has to
Pay off any loans on that building.
Pay off any partners. For example, Trump owns a building in SF with Vornado Realty.
(He could just sell his share of the building, but it's obviously not 100%)
Pay taxes on any gains.
So it's not easy to cash out.