No. of Recommendations: 2
so 1 new question and 1 old question...
- why does the judge have to even acknowledge a request for an 80% bond discount? so trump can then ask for a 90% discount? so that every re-negotiation allows more delays?
- i still have not seen an estimate of how much trump would be out, on a nonrefundable running total, for ~$0.5B bond.
maybe the court sets an interest rate, but what upfront fee would a neutral 3rd-party take for the risk of having to sue trump and wait 5yrs in court to recover money if the appeal is lost?
as i mentioned earlier, let burford bond it and then take it all as the fees and interest accumulate. they have patience and a well-run delinquency recovery arm. it could easily hit their typical ~25% IRR targets.
