His lawyers claimed that he would have to liquidate some of his holdings to meet the bond requirement and cannot do so before collection measures could begin. Real billionaires, faced with bet-your-business litigation, do not fool around with the likes of Alina Habba or, maybe, this new guy. Real billionaires don’t go for the petty grifts of the Trumps (Trump University, Trump sneakers). And, real billionaires have access to cash—either because they actually have cash on hand or have banking relationships that they can tap—if they have collateral. However, the appeals court judge did allow Trump to seek financing from a New York bank so that he can meet the bond requirement.

Source: New York Times February 28, 2024 18:54 UTC