Whatever. I don't believe for a minute that a semi literate fellow from Georgia who has had trouble paying a credit card bill, and has never been known to be well off ( nor has any company he has been associated with) is capable of landing blockbuster sounding deals. Nor has he ever done anything to show that he is a savvy business person...of course it appears to some that he is currently changing into a Bill Gates.....
Back to the bonds...I'm sorry, but the thorough explanations by several folks make much more sense than what you stated earlier. And that is that Rufus doesn't control these bonds, and can't claim them as assets, or, at the very least, has to show an offsetting liability.