Trump could secure a bond, but it will cost him
So if Mr Trump owed $370m in disgorgement, he might have to pay a bond company $37m (£29m) to issue the bond. And he will not get that fee back.
Trump could sell assets to raise enough cash
“Something is going to have to be sold or realised in order to get the money to pay for that kind of cost,” said William Thomas, a professor at the University of Michigan Ross School of Business.
Trump could ask his loyal supporters for the money
Mr Trump may also turn to the massive fundraising engine he uses to pay his tens of millions in legal fees. According to the New York Times, 10% of every dollar that is raised from his supporters goes to pay for his defence in his civil and criminal trials.
There’s a difference between trying to get a bank loan for hundreds of millions of dollars versus hitting up your supporters for free money.
Trump is a well-known deadbeat in the financial world. Every bank in the Western world knows that he’s not good for it.
On the other hand, I would be shocked if he manages to raise $370 million from his supporters, who aren’t all exactly rich. The total raised by his 2020 presidential campaign was $774 million. So this bond would eat up nearly half of his campaign money.
Trust me, if Biden manages a 2:1 financing advantage, Trump is going to get steamrolled.
2016 should have taught you never to underestimate stupidity.
Yes, if Biden has 2:1 advantage that would be good, but history has taught mw the Dems reeeeallly don’t know how to market themselves properly.
These days I doubt even HSBC would loan him money.