These two will have a big falling out. Don Hankey lent Trump the bond money.

Hankey made his fortune by selling subprime Auto loans.
He is not a philanthropist

https://www.forbes.com/sites/jenniferwang/2020/09/08/the-new-forbes-philanthropy-score-how-we-ranked-each-forbes-400-billionaire-based-on-their-giving/?sh=2a0d21659eba

Hank wants Trump towers. ;D

John Smith wrote on Apr 3^rd, 2024 at 5:18am:

Hank wants Trump towers. ;D

Hankey will get his money
trump does not own trump towers, he owns a lease on them.
He does own other properties that may cover the bill

Sprintcyclist wrote on Apr 3^rd, 2024 at 5:24am:

John Smith wrote on Apr 3rd, 2024 at 5:18am: Hank wants Trump towers. ;D Hankey will get his money trump does not own trump towers, he owns a lease on them. He does own other properties that may cover the bill

And hank will get the lease, as well as the other properties.  Trump won't pay him .

John Smith wrote on Apr 3^rd, 2024 at 5:28am:

Sprintcyclist wrote on Apr 3rd, 2024 at 5:24am: John Smith wrote on Apr 3rd, 2024 at 5:18am: Hank wants Trump towers. ;D Hankey will get his money trump does not own trump towers, he owns a lease on them. He does own other properties that may cover the bill And hank will get the lease, as well as the other properties.  Trump won't pay him .

Ah, yes, Trump won't pay him. I guess the lease is worth something, not a huge amount. There are a lot of commercial vacancies in NY.
Am guessing Hankey would want a real asset, not a lease that costs him $1.5M annually. Not Mar-a-largo.
Who now believes the figures trump offers?
Certainly not someone who runs subprime auto loans.

Unlike Trump, Hankey is a smart businessman.

He doesn't want real estate as collateral - he's only interested in liquid assets.



At first, Trump planned to post a mix of investment-grade bonds and cash as collateral (80% bonds and 20% cash), Hankey said. Although Knight Specialty received the bonds and approved them, he said they were not posted in the end.

“Ultimately, he put up all cash,” Hankey said, adding that he does not know where the $175 million in cash that Trump posted came from.

greggerypeccary wrote on Apr 3^rd, 2024 at 5:33am:

Unlike Trump, Hankey is a smart businessman. He doesn't want real estate as collateral - he's only interested in liquid assets. At first, Trump planned to post a mix of investment-grade bonds and cash as collateral (80% bonds and 20% cash), Hankey said. Although Knight Specialty received the bonds and approved them, he said they were not posted in the end. “Ultimately, he put up all cash,” Hankey said, adding that he does not know where the $175 million in cash that Trump posted came from.

Hankey confirmed to CNN that he and his wife, as well as their two sons, have donated to Trump’s presidential campaigns in the past and plan to support him again in 2024.

Although Hankey said he has not heard directly from the president, he said Eric Trump did reach out Tuesday morning to thank him for the business.