General Discussion
In reply to the discussion: Trump has been unable to get bond for $464 million judgment, his lawyers say [View all]NJCher
(35,809 posts)that this is not just about delay. As you say about the $18 million, my observation has been that he is taking the expensive way out. $18 million, again, as you point out, is not recoverable.
That makes this a very expensive strategy. You don't incur expenses like this unless you have no choice.
He would have other options if he'd had the money, but he doesn't.
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On another but related topic, I think the above OP about Chubb only being willing to do the E. Jean Carroll bond seems to be a realistic assessment of the situation. If the lawyers are telling the truth (stop laughing!) about the largest insurance company, that would mean that the Germans turned him down. Allianz is by far and away the largest insurance company, followed by Axa in France and then Prudential in the States.
I'm sure everyone realizes now that trump's "wealth" has not passed the test, according to some of the best wealth investigators out there. This interested me because I used to do this as a p-t job while in grad school. I had to meet with company CEO's for an interview before they would be able to get very large income protection policies. At that time there were not enough databases to research their wealth, but that came shortly after I received my degree and had no more use for that job. However, I got a lot of $$ for each CEO interview! $1500!