(04-02-2024, 12:10 PM)NYC4jags Wrote: If anyone is curious about who holds the note on this:

https://www.newsweek.com/trump-hankey-ci...ny-1885832

Mr. Hankey has bailed Trump out of financial trouble in the past with 125 and 175 million dollar loans so Trump could retain 2 different properties he could no longer afford.  Trump still owes him on those loans/refis.

Add this Bond to the tab and Trump is basically financially owned by a dude who makes his millions giving 15% interest car loans to people with bad credit.

President Trump does not owe a "loan shark" money for his bond.  According to what I have read about this, the bond was made by an insurance company (owned by Mr. Hankey) AFTER President Trump put up the collateral for it.  President Trump is essentially going to have to pay a couple-million dollars in order to service the debt.

Quote:Appeal bonds are used when a defendant appeals a court ruling, which essentially freezes enforcement of the financial judgment as the legal process continues.

Insurers typically provide the bond after they have proof of collateral and charge a fee, which ranges from 1% to 2% of the bond amount, according to insurance broker NFP. That means Trump could be paying as much as $3.5 million on an annual basis for the bond guarantee from Knight Insurance.

If Trump wins his appeal of the ruling, he won't have to pay the state anything and will get his money back.

The "loan shark" that you hate so much employs thousands of people and provides (among other things) sub-prime auto loans to people with bad credit.

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