Keep your eyes on this story. Shadowy “online” Axos Bank and its biggest billionaire shareholder, Don Hankey, have together extended more than $500 million in financing for Trump’s benefit. They helped him out on loans and now a huge civil judgment. What will they get in return?
@rbreich Hard to imagine over his career Trump has probably had billions in debts and loans from banks, creditors, donors, he never repaid, and they were written off. He's likely has far more liabilities, all being unpaid, than he has assets, which are all leveraged for loans. Trump is the black hole of money.
@rbreich Was this part of the revelation that Trump and his lawyers lied to the judge about not being able to afford the bond payment and needed to have it reduced? 'Cause that's a pretty big part of the story. The guy committed fraud in order to reduce the bond payment required to appeal the his fraud trial ruling.