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


... 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” ...


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