I realllllly want to know which institutions are denying Trump bond. It's boycottin' time.
(www.thegatewaypundit.com)
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I believe this is yet another trap. I believe he has more than enough equity in his many properties to borrow money for the bond. If I had to make a guess...I'd say this is part of a plan to show how corrupt NYC and put doubt is the minds of other business people from investing in the Big Apple and any other municipality that has a blue tinge to it.
Alan Garten is the General Counsel with the Trump Organization. He said only one surety would consider real estate as collateral, Chubb who did his previous bond. And they were negotiating with Chubb and then Chubb said they would not take real estate as collateral.
https://pbs.twimg.com/media/GI-CP6_WMAAjiR0?format=png&name=medium
I wonder what happened here.
In the absence of Trump putting up hard assets. He will need to borrow against his properties or sell against his properties.
A half a billion dollar loan is not easy for anyone to swing. If he was borrowing the whole amount, i would guess the interest would be like 25 million a year. The bond was quoted at 18 million a year.