DanMcQ
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Post by DanMcQ on Mar 7, 2024 21:23:57 GMT -5
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SSHoya
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Post by SSHoya on Mar 8, 2024 11:02:40 GMT -5
Poor Grifter, just posted $91.6 million bond.
Wonder what surety got suckered into this bond? Federal Insurance Co. a subsidiary of Chubb Ins. Co. Which means Grifter must have some unencumbered properties as collateral.
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Massholya
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Post by Massholya on Mar 8, 2024 12:11:27 GMT -5
Poor Grifter, just posted $91.6 million bond. Wonder what surety got suckered into this bond? Federal Insurance Co. a subsidiary of Chubb Ins. Co. Which means Grifter must have some unencumbered properties as collateral. Interesting coincidence that he just met with Orban for no apparent reason.
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DFW HOYA
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Post by DFW HOYA on Mar 8, 2024 12:20:39 GMT -5
Poor Grifter, just posted $91.6 million bond. Wonder what surety got suckered into this bond? Federal Insurance Co. a subsidiary of Chubb Ins. Co. Which means Grifter must have some unencumbered properties as collateral. Follow the rubles.
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DanMcQ
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Post by DanMcQ on Mar 8, 2024 23:41:21 GMT -5
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DanMcQ
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Post by DanMcQ on Mar 9, 2024 7:47:59 GMT -5
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DanMcQ
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Post by DanMcQ on Mar 9, 2024 7:56:07 GMT -5
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CTHoya08
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Post by CTHoya08 on Mar 9, 2024 11:14:37 GMT -5
I can’t believe I’m about to pen a missive in defense of Chubb, given that most of the reinsurance work I did while in private practice was adverse to Chubb, and I now have an in-house job at a company that competes directly with it, but . . . This is a horrible take. Chubb is public company. It is one of the largest players, globally, in a heavily regulated industry. It’s not some fly-by-night operation (like, e.g., the Trump Organization). It’s not going to underwrite a $100M risk based on the whims of the CEO’s politics. I’m sure that other surety companies weren’t even willing to take the call and kick the tires, but there’s no way Chubb writes this risk without doing the proper underwriting.
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SSHoya
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Post by SSHoya on Mar 9, 2024 11:34:10 GMT -5
I can’t believe I’m about to pen a missive in defense of Chubb, given that most of the reinsurance work I did while in private practice was adverse to Chubb, and I now have an in-house job at a company that competes directly with it, but . . . This is a horrible take. Chubb is public company. It is one of the largest players, globally, in a heavily regulated industry. It’s not some fly-by-night operation (like, e.g., the Trump Organization). It’s not going to underwrite a $100M risk based on the whims of the CEO’s politics. I’m sure that other surety companies weren’t even willing to take the call and kick the tires, but there’s not way Chubb writes this risk without doing the proper underwriting. How about speculation that Elon Musk is a co-gurantor on the bond? Is that likely and would Chubb also post bond on the $450 million NYAG judgment if Musk is a co-guarantor?
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CTHoya08
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Post by CTHoya08 on Mar 9, 2024 13:26:36 GMT -5
I believe it’s entirely possible that the collateral that Trump “has” and used to secure the bond came from a disreputable source. But I don’t think there’s anything nefarious, or even suspicious, about the fact that Chubb issued the bond as opposed to Travelers or Berkshire Hathaway or whoever. Some of the replies on that thread are unhinged, e.g., suggesting that Chubb is sketchy because it has a Russian subsidiary. Again, I’m a pretty big believer in the existence of Trump-Russia ties. But I don’t think that the bond being issued by Chubb is some kind of smoking gun.
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DanMcQ
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Post by DanMcQ on Mar 9, 2024 20:21:20 GMT -5
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SSHoya
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Post by SSHoya on Mar 10, 2024 14:29:26 GMT -5
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DanMcQ
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Post by DanMcQ on Mar 10, 2024 15:37:47 GMT -5
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CTHoya08
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Post by CTHoya08 on Mar 10, 2024 17:28:29 GMT -5
There is nothing remarkable about that provision. The money isn’t expected to move magically upon the expiration of the deadline. And I don’t know for certain, but I’m confident that interest continues to run during that period.
Edited to add, after reading more of the replies on the initial tweet: there is nothing remarkable about Chubb hiring counsel here. Do people really expect them to ink a nine-figure deal without lawyers involved?
I can’t stand Trump and I hope he continues to lose these cases. But amateur-lawyer Twitter is really frustrating to read through.
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SSHoya
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Post by SSHoya on Mar 10, 2024 17:37:45 GMT -5
There is nothing remarkable about that provision. The money isn’t expected to move magically upon the expiration of the deadline. And I don’t know for certain, but I’m confident that interest continues to run during that period. Edited to add, after reading more of the replies on the initial tweet: there is nothing remarkable about Chubb hiring counsel here. Do people really expect them to ink a nine-figure deal without lawyers involved? I can’t stand Trump and I hope he continues to lose these cases. But amateur-lawyer Twitter is really frustrating to read through. Thanks. I was waiting for someone with knowledge to weigh in. I constantly read or hear crazy stuff about DOJ (especially from some TV lawyers who have no idea whst they are talking about. See e.g, nepo-baby Laura Jarrett who said you needed 5 votes for SCOTUS to grant cert.) and its processes. Drives me nuts.
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CTHoya08
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Post by CTHoya08 on Mar 10, 2024 17:59:24 GMT -5
Starting to understand how the docs must have felt in 2020-21.
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DanMcQ
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Post by DanMcQ on Mar 10, 2024 19:15:13 GMT -5
Starting to understand how the docs must have felt in 2020-21. Honestly, I posted those exactly so someone with actual knowledge could chime in - thanks. Didn't seem out of line to me but not my lane (as it were).
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CTHoya08
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Post by CTHoya08 on Mar 10, 2024 20:01:35 GMT -5
Understandable. And I certainly didn’t mean to take a shot at you, but rather the tweeters themselves.
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DanMcQ
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Post by DanMcQ on Mar 10, 2024 21:15:57 GMT -5
Understandable. And I certainly didn’t mean to take a shot at you, but rather the tweeters themselves. Understood, and I did not take it that way.
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SSHoya
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Post by SSHoya on Mar 11, 2024 9:21:45 GMT -5
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