General Discussion
In reply to the discussion: Trump's Bond Has Been Rejected [View all]Hugin
(37,946 posts)Inexperience in these matters forcing me to do the color commentary.
I can see this going one of two ways, Biff.
1. Knight Specialties' papers are as messed up as Trump's papers causing their submission to be a heaping pile of spaghetti. Which could cause a delay as the Court sorts through the financials to see if they are indeed qualified to post the Bond on Trump's behalf.
2. Since one of Knight Specialties' specialties is "capture" and "capture-to-rent" insurance entities. ( sometimes used to insure the uninsurable ) The papers submitted would be pristine, but largely hogwash as to the real financial status of who and where the underwriters of the Bond funds are and if they even actually exist. I guess captures are the equivalent of shell companies or can be used that way.
That said, I think the DA and Court have the people who can figure this out.