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this post was submitted on 16 Feb 2024
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There's a difference between trying to get a bank loan for hundreds of millions of dollars versus hitting up your supporters for free money.
Trump is a well-known deadbeat in the financial world. Every bank in the Western world knows that he's not good for it.
On the other hand, I would be shocked if he manages to raise $370 million from his supporters, who aren't all exactly rich. The total raised by his 2020 presidential campaign was $774 million. So this bond would eat up nearly half of his campaign money.
Trust me, if Biden manages a 2:1 financing advantage, Trump is going to get steamrolled.
2016 should have taught you never to underestimate stupidity.
Yes, if Biden has 2:1 advantage that would be good, but history has taught mw the Dems reeeeallly don't know how to market themselves properly.
These days I doubt even HSBC would loan him money.