@gwensnyder this particular case, I gather that the hope is the Court gets *something*, rather than a whole lot of properties that are already encumbered in debt.

It's not clear to me that Trump is even solvent. OPM (Other People's Money.)

Added Josh Marshall comments that it's not clear Trump can come up w even the reduced bond. I suspect he's already got funding lined up but, well, we'll see.

@ravenonthill @gwensnyder

He had enough in stocks and other relatively liquid financial instruments to secure a $92 million bond from chubb.

@VirginiaHolloway @ravenonthill @gwensnyder

He still has it, but cannot use it as collateral for any further sucersedeas bonds (or any other kind of collateral if chubb did their job right, and they've been in that biz for a long time). The issue being discussed is whether or not mangolini is solvent, and having liquid assets sufficient to secure a $92 mil bond is some kind of solvent. Though it would not surprise me if all his assets were to be liquidated simultaneously and he were denied continued access to credit and the float, that he would be underwater.

@artemesia @VirginiaHolloway @gwensnyder having thought this over and read the legal experts I have two conclusions: 1) this isn't unheard of and 2) I wish the court had taken Trump's character and conduct into account and refused to cut him any slack.

I also think that whoever puts up the bond is likely to end up losing it. It's kind of amazing to see all these very wealthy people turn into chumps.