Trumps Money Problems Just Keep Getting Worse

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When the judgment is entered in the NY civil case Trump will have 30 days to come up with $355 million(actually total is $363.8 with pre-judgment interest). It's a bit of a quandary as to whether he will be able to get a bond for even a fraction of the amount. Why? Because he has a reputation for bad business and not paying his bills. The case after all is for bank fraud so why would any bonding agency trust him? That remains to be seen. Plus, he can't do business with any New York banks. He also owes interest on this amount and it compounds daily of about $87,000 after judgment is entered. And, it being compounded means that the amount will only go up until he gets it all paid. After 30 days if he hasn't paid the amount the court can start to auction off his assets. He can't file for bankruptcy because he has too many assets. Just some FYI--The man had two casinos in Atlantic City that were in competition against each other. He lost them in 3 bankruptcies. He's had 4 bankruptcies since the early 90's. So much for the $300 million he inherited. He says he has about 4 billion. But then he also has about $88.3 million owed to Carroll, he also has attorney fees, a campaign to finance, and a bond to post. I bet Melania is glad she went to court about a year ago to update her son's annuity. Letitia James, New York Attorney General, knows where all his money is too. She is going to be bringing down the NRA later this year as well as having annihilated Trump. The image is courtesy of Salon.com