Inside Donald Trump’s Incredible Cash Crunch

February 07, 2024

Trump’s sudden cash demands are exacerbated by a quirk in New York law. “The subject of the case is whether the values of his properties are what he says they are,” Hanley added. The miserable defense Trump’s lawyers put on at the recent three-month state trial all but guarantees he will be punished severely. Hanley said insurance companies “on the whole” don’t accept real property as collateral, as they prefer cash or letters of credit. Who knows what’s going to happen?”The post Inside Donald Trump’s Incredible Cash Crunch appeared first on The Daily Beast.