Billionaire Gives Democrat Rep. A Math Lesson

By Daniel Walker | May 1, 2024

Low interest rate environment

Rep. Ted Lieu was criticized by Mark Cuban for claiming Donald Trump was lying about being a billionaire because he could not secure a $464 million appeal bond following a civil fraud judgment against him. 

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Cuban explained that in a low interest rate environment, it is not unusual for people to avoid keeping large portions of their worth as cash.

Dem rep accuses Trump of lying

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Cuban acknowledged not supporting Trump, but said Lieu was wrong to equate inability to pay the bond to lying about net worth, noting net worth differs from liquid assets.