Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says

MicroWave@lemmy.world to politics @lemmy.world – 133 points –
Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says
cnbc.com

KEY POINTS

  • Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond, but the company backed out, a Trump Organization lawyer said. 
  • Chubb previously provided Trump’s $91.6 million appeal bond in writer E. Jean Carroll’s civil defamation case.
  • In his New York civil business fraud case, Trump’s lawyers said they reached out unsuccessfully to more than 30 companies to secure a bond.
  • Those companies include Warren Buffett’s Berkshire Hathaway, Liberty Mutual, Allianz, Chubb and Travelers, among others.
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That too.

Also, “it’s just business”… seems kind of reasonable now.

Though I wouldn’t want trumps left over properties. You’ll never get the greasy shit stains out. Or the smell.

Edit: it occurs to me that one strategy rich fucks use for “earning” a living and avoiding cap gains taxes is taking loans using their assets as collateral- with real estate, taking extra mortgages out and using their rent income to pay interest.

So chances are solid most of, if not all of his properties are leveraged.

Could buy them at auction, to raze them and plant a small park. Just erase the asshole from our memory.