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getagrip_already

(14,946 posts)

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

Reply to edhopper (Reply #4)

Fri Mar 8, 2024, 02:34 PM

Mar 8

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.

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Highlight:

The circumstances of TSF's $91 million bond are of great importance [View all] edhopper Mar 8 OP

It appears to be legit EarlG Mar 8 #1

The bond has to be legit edhopper Mar 8 #4

The insurance company issuing the bond is a division of chubb getagrip_already Mar 8 #10

Chubb ties to Russia? Nevilledog Mar 8 #17

Chubb, A SWISS company has offices in 54 countries. WarGamer Mar 8 #21

A few of his smaller properties reportedly have no debt. TwilightZone Mar 8 #5

Yeah but who just deposited 91 million, gab13by13 Mar 8 #2

Makes you wonder what Elon Musk was doing at Mar-a-Grifto. Vinca Mar 8 #3

And Victor Orban who has very wealthy friends. Irish_Dem Mar 8 #6

Edit.... TwilightZone Mar 8 #7

Well, yeah but if they gave Trump the bond VMA131Marine Mar 8 #8

They would have gotten collateral. TwilightZone Mar 8 #9

Nobody, its a bond getagrip_already Mar 8 #12

So maybe the Saudis say moniss Mar 8 #11

A bank probably did issue chubb a letter of surety getagrip_already Mar 8 #13

There may also have been moniss Mar 8 #19

Someone who owes tsf one: scipan Mar 8 #14

I would think that any foreigh government (if it can be proven) Prairie_Seagull Mar 8 #15

TSF was in constant violation of the Emolument Clause as President edhopper Mar 8 #16

How about we with stick with facts? brooklynite Mar 8 #18

Because everything TSF does edhopper Mar 8 #20

How about "because conspiracies are actually hard to carry out" brooklynite Mar 8 #22