Politics
By Victor Nava
Printed
March 19, 2024, 7:24 p.m. ET
Mark Cuban defended Donald Trump Tuesday after a Democratic lawmaker accused the previous president of mendacity about his web value.
Rep. Ted Lieu (D-Calif.) used the hashtag “TrumpIsBroke” in a publish on X after the previous president’s attorneys instructed a New York courtroom that the 77-year-old did not safe the nine-figure bond sum in his civil fraud case regardless of approaching greater than 30 companies.
“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.
Lieu accused Trump of mendacity about his web value. Bryan Olin Dozier/NurPhoto/Shutterstock
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 value is totally completely different than money within the financial institution.”
“Ted, I’m no supporter of Trump. That’s for rattling positive,” Cuban, 65, started his publish. “How anybody can vote for somebody who has so lots of his government workers activate him, and, say he’s incompetent is past me.”
“However you’re improper on this matter Ted.”
Cuban famous that in a “zero rate of interest surroundings” it could’ve been “dumb” for Trump to maintain his money in a financial institution or cash market account.
“Additionally dumb was holding 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 state of affairs by ensuring that the one solution to develop his web value was non money investments. You can even argue Trump sucked at rising his web value which led to him placing himself on this place by mendacity to banks about his property,” Cuban continued. “There is just one cause to lie on a mortgage utility – you must.”
Cuban argued that it could be unfair to count on Trump to have 45% of his property liquid. Getty Pictures
The founding father of Price Plus Medicine stated “few individuals are holding greater than 45 p.c of their property” liquid, and Trump’s non-liquid business 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 business actual property market, if ever,” Cuban argued.
Trump refuses to unload his properties to place up the bond in his civil fraud judgment since that type of hearth sale would lead to huge losses, his attorneys stated in a courtroom submitting.
Trump’s attorneys notified a Manhattan courtroom Tuesday that the previous president has been unable to safe a bond for the $454 civil fraud judgement in opposition to him. Getty Pictures
Earlier this month, Cuban revealed that he voted for former South Carolina Gov. Nikki Haley within the Texas GOP presidential main over Trump and he plans to solid his poll for President Biden in November.
“In the event that they had been having his final wake, and it was him versus Trump, and he was being given final rites, I might nonetheless vote for Joe Biden,” Cuban instructed Bloomberg Information.
https://nypost.com/2024/03/19/us-news/mark-cuban-defends-trump-after-dem-rep-ted-lieu-accused-him-of-being-too-broke-to-pay-464-million-judgment/?utm_source=url_sitebuttons&utm_medium=websitepercent20buttons&utm_campaign=websitepercent20buttons
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