LogFAQs > #979459733

https://thehill.com/homenews/house/4542430-cuban-hits-ted-lieu-over-trump-bond-fee-comments-you-are-wrong/

Mark Cuban said Tuesday that Rep. Ted Lieu (D-Calif.) is wrong after the lawmaker questioned if former President Trump is really a billionaire given the fact that his lawyers said he might not be able to pay the full bond due in his New York civil fraud trial. Trump claims hes a billionaire. But he cant pay a $464 million judgment. That means he is lying. How do I know? Math. #TrumpIsBroke, Lieu wrote on X, formerly Twitter. In a lengthy repost of Lieus remarks, Cuban an entrepreneur and former personality on ABCs Shark Tank quipped the California Democrat is wrong and laid out the economics behind his argument.

Ted, you know Im no supporter of Trump. Thats for damn sure. How can anyone vote for someone who has so many of his executive employees turn on him, and, say he is incompetent is beyond me. But you are wrong on this topic Ted, Cuban wrote on X. Net worth is completely different than cash in the bank. We were in a zero-interest rate environment for a long, long time. So, keeping cash in the bank or even money markets was dumb. In fact, searching for yield is what killed small banks last year, he continued. Also dumb was keeping interest rates that low for that long. Something Trump demanded more of.