Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

struggle4progress

(118,701 posts)
2. Collateral for Bond May Have Come From Supporters
Sun Apr 7, 2024, 11:50 AM
Apr 2024

ALLY SAMMARCO
11 HOURS AGO

... Hankey told Reuters that the ex-president offered "collateral for the $175 million in cash," which is held at a brokerage firm and pledged to Knight Specialty Insurance.

"I don't know if it came from Donald Trump or from Donald Trump and supporters," Hankey said when asked about the source of the cash.

Hankey revealed that he had initiated discussions with Trump's representatives to explore options for the $454 million bond before the former president was able to get it reduced on appeal to $175 million.

According to Hankey, Trump would have had to "come up with a lot of collateral or somebody else would” ...

https://lamag.com/news-and-politics/trump-collateral-for-bond-may-have-come-from-supporters

Latest Discussions»General Discussion»$175M bond might implode»Reply #2