The circumstances of TSF's $91 million bond are of great importance

[edhopper]

to the security of this country. Who is he in debt to? What did he promise for the bond?
Will the press pursue this story in anything comparable to Hunter Biden or Biden eating ice cream?

[EarlG]

1. It appears to be legit

Former President Donald Trump has secured a $91,630,000 bond for the judgment in his defamation case brought by the writer E. Jean Carroll.

The former president obtained an appeals bond from the Virginia-based Federal Insurance Company totaling $91,630,000 to cover the $83 million judgment in the case plus interest, according to a court filing Friday morning.

https://abcnews.go.com/US/trump-secures-91-million-bond-judgment-jean-carroll/story?id=107921949

Presumably he had to prove that he has collateral somewhere to cover that amount, although I find it hard to believe that anyone would lend him money at the moment.

[edhopper]

4. The bond has to be legit

the question is what he put up and who really put up the money. Who owns this company? Is this something they have done before or is it a special favor?

[getagrip_already]

10. The insurance company issuing the bond is a division of chubb

So we'll backed and reliable.

Likely chubb is just the bonding agency. There is likely a bank somewhere that has given them a letter of surety that basically is a promissory note to pay them back when the bond is called.

The bank will have collected collateral already on tsf, probably at 2x-4x the surety amount, since the valuations are fraudulent. Where and what will probably have to be disclosed to the court.

All of this is expensive. The bond probably cost 2.5%, the surety guaranty 10-12%.

The risk is high. Most appeals in ny fail. The assets will be expensive to sell.

[Nevilledog]

17. Chubb ties to Russia?

Chubb CEO:

Link to tweet

Brandi Buchman
@Brandi_Buchman
·
Follow
So The Chubb Corporation backed Trump's bond in the Carroll case.
Notably, in 2018, Trump nominated the CEO of Chubb to serve on a WH trade advisory board.
The announcement at the time:
https://trumpwhitehouse.archives.gov/presidential-actions/president-donald-j-trump-announces-intent-appoint-individuals-key-administration-posts/
9:24 AM · Mar 8, 2024

[WarGamer]

21. Chubb, A SWISS company has offices in 54 countries.

[TwilightZone]

5. A few of his smaller properties reportedly have no debt.

He could have used one of those, but it's still a big risk. The bond company has to pretty much assume he's going to lose and might face an uphill climb trying to collect.

[gab13by13]

2. Yeah but who just deposited 91 million,

in that company? Citizen's United allows for dark money.

[Vinca]

3. Makes you wonder what Elon Musk was doing at Mar-a-Grifto.

[Irish_Dem]

6. And Victor Orban who has very wealthy friends.

Including Putin.

[TwilightZone]

7. Edit....

They don't deposit the full amount. They just ensure that it will be paid if the appeals fail. If the appeals fail and Trump can't pay, they're on the hook for it.

Edit: it appears that supersedeas bonds are sometimes paid in full, so my assertion may not be accurate here. My apologies if it's incorrect. It'll be interesting to see if that's the case in this instance.

[VMA131Marine]

8. Well, yeah but if they gave Trump the bond

without getting collateral from him then they are fools.

I wonder who will be crazy enough to put up the $450 million or so he needs for the NY fraud judgment?

[TwilightZone]

9. They would have gotten collateral.

This isn't their first rodeo.

It also appears that sometimes supersedeas bonds are, in fact, paid in full, so it'll be interesting to see if that was the case here.

[getagrip_already]

12. Nobody, its a bond

It's basically a promise by the third party to pay if the appeal fails.

In this case the insurance company wrote the bond. A bank probably guaranteed the bond to the insurer and has collateral it has rights to.

But the only money involved were the fees to the bank and insurer, which are non refundable.

[moniss]

11. So maybe the Saudis say

to Chubb "Put up the bond and we will back you" and then magically Chubb no longer cares if the bond has to be paid because the money will come to them. With only suspicions to refute. Plus Chubb will get "considerations" on future Saudi business.

Could be that scenario or a similar one with a country or an individual.

[getagrip_already]

13. A bank probably did issue chubb a letter of surety

Or guarantee of surety. Whatever the term is.

It's basically a guarantee to pay chubb back when the bond is called.

Chubb will get about 2.5% for that service.

Using a foreign bank might be risky. But the Saudis could certainly just transfer r r money to a new york bank and use that as collateral.

Then it would be a ny bank issuing the surety guarantee.

Don't know how much disclosure is needed here.

[moniss]

19. There may also have been

some recent "unusual" action on the Lloyds/London financial center markets regarding bonds, reinsurance activity etc. We'll probably never know who went in for this beyond Chubb but it would be insanity for them to go alone.

[scipan]

14. Someone who owes tsf one:

Link to tweet

?t=Qk2ou1Uoc9Roz2x24qIO3g&s=19

Looks like the E Jean Carroll bond was guaranteed by a subsidiary of the Chubb Group. Trump appointed Chubb Group CEO Evan Greenberg to the Advisory Committee for Trade Policy and Negotiations in 2018. So I guess he owes him one.

[Prairie_Seagull]

15. I would think that any foreigh government (if it can be proven)

Would then have their hooks in tsf to the point of making him unelctable. Gigantic Emolument issue on it's face.

The court will need to deep dive into where this money is coming from. As just a citizen? As a candidate? Interesting conundrum.

IMO

[edhopper]

16. TSF was in constant violation of the Emolument Clause as President

and no one did a thing about it.

[brooklynite]

18. How about we with stick with facts?

Chubb, a large and reputable insurance carrier (they provide our homeowners insurance) is providing the bond. They would require an accessible and reputable collateral. Speculation based on "we know....." is worthless.

[edhopper]

20. Because everything TSF does

is above board.

[brooklynite]

22. How about "because conspiracies are actually hard to carry out"

Unless you imagine a planeload of Saudis each with a briefcase of $50s flew in yesterday, it's virtually impossible to hide large financial transactions. Any financial transaction over $10,000 gets reported.