Why is no one willing to insure his bond? Because he has no collateral. All his properties are already mortgaged to the hilt --- if not beyond. In other word

Why is no one willing to insure his bond? Because he has no collateral. All his properties are already mortgaged to the hilt --- if not beyond. In other words, despite his boasts to the contrary, he is not actually worth much --- and this is the proof. His word is worth even less --- everything he says and does is built around lies and fraud.