Mark Cuban Schools Ted Lieu on Twitter Over Trump's Billionaire Status and Lack of Cash to Pay $464M Judgment
-
Mark Cuban schooled Rep. Ted Lieu on Twitter after Lieu suggested Trump isn't a billionaire because he can't pay a $464M judgment.
-
Cuban offered an economics lesson on why Trump doesn't have $464M in cash despite being a billionaire.
-
Cuban said net worth is different than cash in the bank, especially after years of low interest rates where keeping cash wasn't smart.
-
Cuban argued Trump put himself in this cash position by demanding low rates and making non-cash investments to grow his net worth.
-
Cuban said even aside from Trump, few billionaires keep more than 45% of assets in liquid cash, so the bond companies won't loan against Trump's commercial real estate assets.