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Drudge Retort: The Other Side of the News
Sunday, March 10, 2024

The Federal Insurance Co., a unit of the insurance giant Chubb, secured a $91.6 million bond that Trump was required by the courts to have to cover the $83.3 million judgement Trump owes to writer E. Jean Carroll in a defamation lawsuit. The bond will secure payment while trump appeals the verdict.

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A bond that is about to be forfeited because Donald Trump's vindictiveness and inability to accept justice.

#1 | Posted by Zed at 2024-03-10 09:58 AM | Reply

1. The posted article doesn't mention any terms. What is he not allowed to do that he'll do anyway?

#2 | Posted by Dbt2 at 2024-03-10 01:37 PM | Reply

Seth Abramson
@SethAbramson
(") MAJOR BREAKING NEWS: Source of the Money for $91 Million Bond in Trump's Defamation and Rape Case Appears to Have Major Kremlin Ties

twitter.com

That figures.

#3 | Posted by reinheitsgebot at 2024-03-10 04:04 PM | Reply | Newsworthy 3

Insurers usually have a high risk pool to spread out the burden.

#4 | Posted by Twinpac at 2024-03-10 05:31 PM | Reply

Real estate lenders typically have a prohibition on borrowers pledging rental income as collateral to anyone but the first mortgagee, and those same lenders typically prohibit borrowers from pledging their equity interest in loan collateral to another party, without the lender's written consent. Der Dotard must have at least $92MM of liquid assets that he didn't want to put up, so probably pledged that loot as bond collateral. Eventually Trump will have to pay up, and the issuer of the bond may have a challenge on their hands getting this famous grifter and welcher to come across...

#5 | Posted by catdog at 2024-03-11 09:15 AM | Reply | Newsworthy 1

Keep running that mouth. The big bill is just over a week away. (poor trump thought he could go back and forth doubling and undoubling the size of a building as it suited him)

#6 | Posted by Brennnn at 2024-03-11 12:29 PM | Reply | Newsworthy 1

CATDOG

That's true. But Chubb obviously found some equity somewhere that wasn't connected to Trump Org. Chubb is a stockholder owned company. Even Greenberg doesn't have the juice to throw a hundred million dollars around.

I have a feeling that Chubb farmed a big chunk of the liability out to a high risk pool for a bigger premium then normal. We have no way of knowing because the transaction is a big secret.

Normally, a premium is 2% - 3% of the loan. But Trump is such a high-risk borrower, I wouldn't bet against some astronomical premium up front. Trump came begging with his tail between his legs. What choice would he have?

#7 | Posted by Twinpac at 2024-03-11 01:22 PM | Reply

Who paid trump's bond?

From Russia to Brazil, Chubb is Insuring Deadly Oil and Gas Expansion
www.ran.org
"Chubb insures fossil fuel infrastructure in Russia that is bankrolling Putin's war on Ukraine, oil and gas extraction off the coast of Brazil, exploratory drilling in the Arctic, and other fossil fuel projects globally," the report continued. "

With trump, every road leads back to putin.

#8 | Posted by SpeakSoftly at 2024-03-11 01:32 PM | Reply | Newsworthy 1

SPEAKS

I'm not defending Chubb. But don't you think that they were insuring all those projects long before Trump applied for his bond insurance. I just don't see a direct connection, at least not on purpose.

#9 | Posted by Twinpac at 2024-03-11 03:58 PM | Reply

ABOVE: Convicted Kremlin spy Maria Butina and her onetime associate, former Russian bank co-owner Maurice "Hank" Greenberg " the father and former boss of new Trump financial patron Evan Greenberg, whose Chubb Limited now hopes to back the nearly bankrupt criminal defendant to the tune of over $91 million dollars.

Major update at 11:26 PM ET on Sunday, March 10: New research into old business articles reveal that Evan Greenberg's ACE Insurance, which became Chubb in 2016, "does business" with his onetime Russian-bank-owning father's Russia investment vehicle Starr International.

Greenberg's father"and longtime boss at AIG "Maurice Greenberg, is a Vladimir Putin business associate who has also associated, as discussed in detail below, with Russian spies, other Kremlin agents, and the 2016 Trump presidential campaign.

If these entanglements continue to exist in 2024, it is highly likely that in fact Evan Greenberg's company's business interests are entwined, through his still-living father, with Russian government-owned entities.}

sethabramson.substack.com

'
more

https://substack.com/@sethabramson

also

"A former member of the Advisory Committee for Trade Policy and Negotiations under the Trump administration, Evan G. Greenberg, heads Chubb Ltd., an insurance company that guaranteed the former president's $91.6 million bond in his defamation case brought by E. Jean Carroll.

The chairman of the National Committee on United States-China Relations and a director at the U.S.-China Business Council, Greenberg is a known figure in the international business community with a deep-rooted family legacy in the insurance industry."

www.newsweek.com

If it weren't for Russian and Chinese money and influence, Trump would still be a reality TV nobody.

#10 | Posted by Corky at 2024-03-11 04:32 PM | Reply | Newsworthy 2

I did allow earlier that Greenburg was instrumental in Chubb securing this bond. I didn't know to what extent until I read those links.

I think what's being said now is that Chubb CEO Greenburg may have used his Moscow connections to surreptitiously secure the bond for Trump ~ rather than using Trump properties as collateral.

I think that is distinct possibility. At least it sounds plausible in light of the Russian intrigue that permeates Trump's life in politics.

So, if so, that makes Russia the re-insurer. When Trump loses his appeal, who is going to cough up the money secured by the bond? Chubb? Russia? Or was it all just one big high jink?

#11 | Posted by Twinpac at 2024-03-11 05:43 PM | Reply | Newsworthy 1

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