Robert ReichThere’s something odd about Trump’s inability to post an appeal bond in his NY civil fraud case. All those buildings and clubs could serve as collateral against a loan to pay the bond…unless they are already pledged as collateral on other loans. Is it all a house of cards?
Reddogrunner@rbreich bond insurers do not accept real estate as collateral.
arceuthobium@steveworthington @rbreich makes sense. In a forced sale the first mortgage creditor gets paid first, the second mortgage gets whatever might be left, and the third creditor gets nothing.