Mark Cuban defended Donald Trump Tuesday after a Democratic lawmaker accused the previous president of mendacity about his internet price.
Rep. Ted Lieu (D-Calif.) used the hashtag “TrumpIsBroke” in a submit on X after the previous president’s attorneys advised a New York court docket that the 77-year-old did not safe the nine-figure bond sum in his civil fraud case regardless of approaching greater than 30 corporations.
“Trump claims he’s a billionaire. However he can’t pay a $464 million judgment. Meaning he’s mendacity. How do I do know? Math,” Lieu wrote.
Cuban, a billionaire entrepreneur and former “Shark Tank” host, got here to Trump’s protection In a prolonged response to the Democratic congressman, arguing that “Web price is totally completely different than money within the financial institution.”
“Ted, you realize I’m no supporter of Trump. That’s for rattling positive,” Cuban, 65, started his submit. “How anybody can vote for somebody who has so a lot of his govt staff activate him, and, say he’s incompetent is past me.”
“However you might be incorrect on this matter Ted.”
Cuban famous that in a “zero rate of interest atmosphere” it might’ve been “dumb” for Trump to maintain his money in a financial institution or cash market account.
“Additionally dumb was maintaining rates of interest that low for that lengthy. One thing Trump demanded extra of, “ the Dallas Mavericks minority proprietor claimed.
“So you may argue that [Trump] put himself on this scenario by ensuring that the one solution to develop his internet price was non money investments. You may as well argue Trump sucked at rising his internet price which led to him placing himself on this place by mendacity to banks about his property,” Cuban continued. “There is just one motive to lie on a mortgage software – it’s a must to.”
The founding father of Value Plus Medicine mentioned “few persons are maintaining greater than 45 % of their property” liquid, and Trump’s non-liquid industrial actual property and international property can be inconceivable to make use of as collateral.
“No bond firm is loaning in opposition to them on this industrial actual property market, if ever,” Cuban argued.
Trump refuses to dump his properties to place up the bond in his civil fraud judgment since that kind of fireplace sale would lead to huge losses, his attorneys mentioned in a court docket submitting.
Earlier this month, Cuban revealed that he voted for former South Carolina Gov. Nikki Haley within the Texas GOP presidential major over Trump and he plans to forged his poll for President Biden in November.
“In the event that they have been having his final wake, and it was him versus Trump, and he was being given final rites, I’d nonetheless vote for Joe Biden,” Cuban advised Bloomberg Information.
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