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81_Hokie

Joined: 03/16/2005 Posts: 16458
Likes: 28776


It has to be something less than 100%, otherwise he would just post the


bond himself. Do you know that it's not 10%? It might work that way for a good credit risk.
The bonding company will put up the 450MM and have some collateral from Trump. If Trump loses the state gets the bonding company's 450 and the company has to collect from Trump. Good luck with that. If I am a bonding company entertaining that idea I wouldn't do it without having 450MM of net value sitting in escrow.

(In response to this post by JMHoo)

Posted: 03/19/2024 at 07:29AM



+1

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Current Thread:
 
  
Question for attorneys. Per Fox, Trump says -- HoosWillWin 03/19/2024 07:18AM
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