So we have a bond issued by a subsidiary of an insurance company. Neither the company not the subsidiary are licensed to issue bonds in NY. The subsidiary doesn't have the liquidity nor the solvability to pay the bond if required. On the bond it states that if it has to be paid the defendant, Donald J Trump, will do so. The owner of the company is the major share holder in Axos Bank, the bank that refinanced Trump's and Kushner's real estate when Deutsche bank pulled out
Anyone think this is not shady?