Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against him in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.
Wait it says “without posting it himself”.
Then it says it’s an “impossible amount”.
BuT He’S A bIlliONaiRE!!!
He has no cash, it’s all tied up in real estate. He would have to sell to get the bond money.
Probably could get a ‘donor’ to purchase though.
If he really had money and paid his debts any bond issuer who could afford it would have done it by now.
Hard to set up the value of collateral when his crime is inflating th worth of his assets.
It’s not all tied up in real estate. Recall he has a lot of the equity in Truth Social, which he is trying to sell at an inflated price to DWAC. He is just as much of an internet influencer these days as a real estate investor.
But I think it is telling that a key point of the trial was that he overinflated the value of his assets, and now that he has to put up cash, all of a sudden we find that he can’t put up enough collateral, because banks are no longer taking his word on those valuations.
Ok, better put, it’s non-liquid. It’s all tied up in over inflated investments. 😀
What’s really unfortunate for him is that he claimed in depositions that he had $400 million cash on hand. So either he does have the cash or he committed perjury.
Yes, except laws are for people like you and I.
Would be great to see the RNC put their money on this!!
Edit /s
The RNC only had $8.7 million on January 31st of this year. They’re $445 million dollars short of the amount that Trump needs. (Reference)
I still think it’s a great idea for them to use all thier money for this lol
If it was a real substance in real estate, it should be easy to borrow the money he needs. So either his real estate is already mortgaged to the hilt, so he can’t add anymore on top, or they simply don’t trust the evaluations any more.
I really hope they start selling off Trumps stuff starting next week. In a fire sale, cents for the dollar.
I’m betting it’s both over leveraged and no one will lend to him.
And lendors think he will lose and have to actually pay.
He has no cash, it’s all tied up in real estate. He would have to sell to get the bond money.
Welp, he’d better get busy selling it, then! Especially since even if he doesn’t appeal he’s got to fork it over anyway to pay the judgement, LOL.
Don’t worry, the State of NY will do that part for him.
I am SO looking forward to that.
He doesn’t have to liquidate it now. He can put it up as collateral against a loan.
The liquidation will happen when his appeal is denied, and the loan is called in.
“Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants,” Trump’s lawyers wrote.
Objection, Your Honor!
On what grounds?
It’s devastating to my case!
March 18, 2024: The day Uday and Qusay Trump realized they will have to eventually get a job.
We’re getting old. I’m not sure the younger folks are going to get this reference.
I’m 40 and I had to Google it.
its ok. the tenets of nepotism are timeless and borderless.
Eric and Trump Jr shiver at the thought.
top tier comment, right here.
This legit took me 5 minutes to realize those were real names. I swore it was something in piglatin.
It took me 1 second to realize that your comment means I’m old as fuck…
So where’s that $400 million in cash you claimed to have in a deposition, under oath? Not willing to put up your own cash or did someone committ a little extra perjury?
Oh no, how embarrassing for him. He is a stable genius though so it shouldn’t be too hard for him to figure something out.
I wonder if someone referred to him as an “unstable idiot” and he just said “NUH UH!” and reversed it while plugging his fingers in his ears
That’s literally what happened. A book was published in which white house officials shared stories which questioned his mental fitness. The stable genius thing was from a series of tweets he sent attacking the book.
“Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart,” the President continued. “Crooked Hillary Clinton also played these cards very hard and, as everyone knows, went down in flames. I went from VERY successful businessman, to top T.V. Star … to President of the United States (on my first try). I think that would qualify as not smart, but genius … and a very stable genius at that!”
So much of this shit went down the memory hole, I worry a lot of voters won’t remember what it was like to live in that daily chaos.
Can you imagine the chaos that must come out of TS now? Stupid shit spouted to masses of gullible cultists who must drink it up like it’s from the mouth of god. Gibberish, worship… is Trump Pentecostal?
I don’t think anyone has ever said they were stable without being called unstable multiple times…
Like, especially next to genius, no one brags about being stable except people who aren’t. It’s just not something stable people mention.
Like if you meet someone and they immediately and umpromptly deny that they’re on LSD, it’s a pretty safe bet they’re tripping balls. Because why else even bring it up?
I’ll have you know that not only am I not on LSD, I’m also not on speed, I didn’t just snort a line of coke, I don’t own a crack pipe that I keep in a shoe box, and everything I own doesn’t smell like weed.
I’m not injecting anything right now, either.
You uh … might want to slow it down there buddy. Pretty sure there’s a couple of those things that aren’t supposed to be combined.
The bottle clearly said 12 every 1 hour, not 1 every 12 hours. Don’t tell me what to do!
But I told you, I’m not huffing glue, and I definitely don’t have a funnel inserted into my rectum so beer can be poured into it.
Definitely not.
I don’t know. I’m stable. Haven’t gone off committing atrocities despite the ever growing anger. So doin great!
or perhaps when he’s in a room of horses, he’s the smart one.
I hate to be a joke ruiner but I have seen horses operate latches and I have also seen Donald fail to operate an umbrella.
Remember when he forgot how to drink out of a bottle? Good times.
Also when he boarded Air Force One with toilet paper stuck to his foot? We should have known then.
We all did know, the entire time. So do his cultists. Unfortunately tens of millions of white supremacists will elect an incompetent con man if it means hurting people they consider beneath them.
Until he notices the horse with a placard saying, “Person, man, woman, TV, camera”, at which point he’ll know he needs to be on his A game. But look at all the horsies, his dad owns a stable full of the fastest horses and the hardest workers, too. You wouldn’t believe how fast one of his horses could plow a field.
But Trump is a BILLIONAIRE? OBVIOUSLY he’s CHOOSING not to pay this because he doesn’t want to pay the Deep State! I’ll support you with more Donations President!
Take everything starting with his jet.
Take his tower and house migrants in it!
Supposedly a used 757 is worth less than like 15 million… Trump claims his is worth 100 million.s Somehow I doubt even with all that tack furnishings and piles of cocaine dust in the corners of the carpet, it comes anywhere near that…
I thought his jet wasn’t even flyable for the past few years?
Where’s Chubb when you need to stiff them twice?
He doesn’t have to appeal. He can delay his fire sale for a little more. LOL
No one is surprised. What a lovely Monday! Have a great day, everyone! :)
Send the repo agents to Mar-a-lago.
I’m surprised he hasn’t received Russian money yet.
The trick is trying to find a way to launder this much all at once while they still have a regulator watching the business.
the ruble isn’t doing great
Putin could still swing 500 million, but he could also buy 10 migs with that much.
So naturally he’s been arrested for perjury.
I can contribute [checks wallet] two bucks. If we all pitch in, we can save our messianic god-emperor, right guys? Right?
My favorite part is how something is finally coming back on his ass. I didn’t truly think it’d ever happen.
Until hotels go on fire sale I’m not counting chickens.
Freedom costs a buck o five
Does anyone else have the sneaking feeling Elon is going to show up at some point? He is probably the only person with that much cash on hand who would be willing to lend it to Trump.
If Elon were a natural-born US citizen, I wouldn’t put it past Trump to sell him the VP job. He might try anyway. Or make him Secretary of State, or some bullshit like that.
I don’t think Elon has that much liquid. He’d have to sell off a lot of shares of one of his companies, and that would probably disaffect the stock. I wouldn’t put it past him to do that though.
if Elon sells stock, so his influence on the company via votes significantly decreases, the stock will go up, because having a manchild in charge is a deterrent to investors.
Ha! I didn’t think of that.
If Elon had an actual liquidity crisis where he had to bring a meaningful fraction of his assets to bear in terms of real monetary value, he’d probably lose control of his publicly traded companies.
He wouldn’t have to sell shit. I’m sure he can easily get a half billion on a margin loan.
shudder
They should buy Schitt’s Creek.
