As Donald Trump tries to scrape together a half-billion dollars to keep New York state from confiscating his heavily-leverage real estate empire, President Biden announced Thursday that the administration is erasing an additional $5.8 billion in federal student loans for nearly 78,000 borrowers.
Trump must be thinking: Hey, what about me?
Trump recently sent out fundraising emails asking for contributions to keep the New York Attorney General Letitia James’ “filthy hands off Trump Towers,” and Trump supporters have launched a GoFundMe to try to help.
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But the presumptive GOP presidential nominee won’t get any sympathy from Biden, who is now mocking Trump’s plight, which is the result of a civil fraud judgment against Trump, his company, his sons and other company officials.
Here’s the joke Biden shared at a Texas fundraiser:
“Just the other day, this defeated looking man came up to me and said: ‘Mr. President I need your help. I’m in crushing debt. I’m completely wiped out.’
“I had to say, ‘Donald, I can’t help you’.”
Trump, who has a Monday deadline to come up with the cash or bond while he appeals the ruling, is seeking a reprieve from an appellate court to keep the state from seizing assets.
Trump’s lawyers say he has been unable to get a surety company, an insurer that issues court bonds, to accept property as collateral — stalling any efforts to obtain a bond with a week before the state might begin collecting.
According to the Washington Post: The lawyers said Trump and his company approached 30 surety companies through four brokers, proposing combinations of liquid and real estate assets, without success. None of them were willing to accept real estate collateral for appeal bonds, he said, noting that Trump and the company have faced “insurmountable difficulties” in exhaustive efforts to secure a bond for the full amount necessary.
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