Donald Trump’s collateral in $175m bond revealed
It seems that the saga surrounding Donald Trump’s $175 million bond has taken an interesting turn with the revelation of the collateral. According to the joint statement by Trump and Knight Specialty Insurance Company (KSIC), the bond was collateralized by the $175,304,075.95 that Trump had placed in a Charles Schwab bank account. This revelation brings up some questions and suspicions that leave many scratching their heads.
If Trump had the entire amount in cash to provide as collateral, why didn’t he just pay the bond himself? The fact that it took so long to reveal the collateral and the questionable behavior surrounding the bond arrangement raises red flags about the legitimacy of the whole situation.… Continue reading
John Q. Hosedrinker