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Feel-Good Story of the Day: Trump Crony Peter Navarro Begins Serving Historic Prison Sentence

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lawhawk3/19/2024 11:58:45 am PDT

re: #37 Dr. Matt

Net worth isn’t the same as liquid wealth. He can claim to be worth X, but have only Y on hand in cash (or easily convertible to cash within say 30 days). The problem is that he’s claimed on video that he’s got $400m in cash, and that’s clearly a lie. He has perhaps 1/100 of that amount in cash, if that. He can’t easily or quickly sell enough assets because they’re highly leveraged.

He needed to leverage all of his holdings because without which, he couldn’t buy the next property or cook up a trademark/copyright deal to slap a Trump logo on the property. It’s also telling that he’s gotten out of actually building new buildings, and instead now busy slapping names on existing properties - like golf courses. He can’t get the construction loans, and now we know he can’t get the bond to cover $465 million judgments. He’d need that kind of money to build new office or residential buildings in NYC or Chicago or other major cities.

He doesn’t have it, but if he had a few million dollars, he could enter into a management deal where he becomes the face of the property but doesn’t have to put up the bulk of the money to build it.