He's investing in a republican future. Republicans mean more money for people like him. It honestly is a very simple business decision that could lead to big profits in the future.
Insurance companies understand risk. Trump undoubtedly had to put up some serious collateral to secure the bond. Like casinos, insurance companies know how to come out on top of any transaction.
@Rapidcreek so the guys that appraised Trump's properties in the fraud case are covering his bail? Well at least now we know what premium Trump paid for the bail: he paid with keeping their dirty secrets.
This might not be a popular view here, but I believe the guy. We all know Trump's dubious history about paying people, I'm sure this guy does, too. This company is large enough that Trump can't make them go away by ignoring and delaying it.
And, we might end up with Chubb simply taking a bunch of Trump properties. Could we end up with Chubb Tower? That alone might be worth it.
Just in case you're interested if you're a Chubb Insurance customer I found this document on their public website that lists all of their subsidiary names in the USA and around the globe. file link on their website
Uh huh, this is the right thing to do, is it? Including provisions to give your special client 30 more days than normal to collect and 30 more days on top of that to disburse to Carroll should the appeal fail.
yea, I'm extremely anti-trump, but i don't have a problem with this. Unfortunately the American legal system operates on cash bonds, and i have no doubt they charged him a real high rate.
Not at all, Im saying its OK for a bond company to help a bad person get a bond, since that's part of the american legal system. I would prefer cash bonds be gotten rid of entirely, since a wealthy person who is a flight risk shouldn't be able to just put money forward, while a poor person stays in jail.