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Here’s the thing: Trump may have the right to appeal, but he doesn’t have the right to be able to afford the bond. And he if he can’t, there’s no damned reason for the court to give a shit, especially if he refuses to give any solid explanation as to why he both claim to be a “billionaire” while at the same time pleading poverty.
So, Donnie, pay the bond or the state gets to take your shit. End of story.
It's really a catch 22 for him so he's trying any and everything. He knows it will destroy him when he has to pay this. His empire is a hollow shell leveraged to the tits.
If when the state starts selling these properties they're gonna have to sell them all and even then it won't be enough so he'll have any trump org royalties garnished too until kingdom come.
His only hope is to somehow delay until he's president again (FML)
There’s pretty much zero possibility of that happening. And, for the record, there’s also almost no possibility of him winning this appeal, either.
I really hope they’re watching closely though. Imagine Russia or China or North Korea giving him the money…
The Chubb group (who financed the ~$90M bond in the E Jean Carrol case)? That company’s CEO is in charge of financing several Russian oil companies and a bunch of other shady shit. Oh, Trump already got a bunch of dirty money.
Thing is, that’s all they’re willing to give him, which may indicate that he’s run out of usefulness to them.
It’s also notable that this law was meant to apply to organizations rather than individuals, who would presumably have the resources to put up the bond. This is the first time that a private individual did something big enough to get caught up in this.
lol, I didn’t know that. I appreciate you mentioning that Trump is actually such a big fucking liar that he made legal history for it.
And is now about to lose literally everything as a result, including, quite possibly, the election.
especially if he refuses to give any solid explanation as to why he both claim to be a “billionaire” while at the same time pleading poverty.
He's not claiming poverty, he's claiming that he will win on appeal, but his wealth is all locked up in real estate, and to make the bond in time he would have to quickly sell a lot of assets, and would likely get taken advantage of while doing so.
It doesnt matter and it doesn't fit trumps typical braggadocios speech, which is why I have no idea why this constantly get misinterpreted.
It’s even more likely that his ownership stake in the real estate holdings has been mortgaged to the hilt and he actually doesn’t have any capital available at all. The most likely reality is that he’s going to have to declare bankruptcy, and is terrified of the public finding out.
It was also testified in a deposition (or similar that would be perjury for lying, maybe not by Trump I can't recall) that he (or Trump org?) had 400million liquidity, so it shouldn't be that big of an issue for him to come up with it. Even if he had to deal with the defamation bond. So he (or his lackey) told the courts that they could cover it, I mean a real estate billionaire down 100million should be able to come up with 150million (sorry if math is off, liquidity - defamation bond - tax-fraud bond difference) from non liquid assets without too much work right? I'm sure some bond company would cover it with proper collateral anyways. Hah. These are the chickens coming to roost you orange turd.
That $400 million is, apparently, “operating capital” intended to keep all of his business ventures working, and, without it, everything would cease to function. Which is plausible.
But who really gives a fuck? Certainly not the courts, nor should they. Also, he may not even have that left after getting that ~$90m bond for the E Jean Carrol case (another reason this judge isn’t listening to Trump’s cries for mercy). That bond probably cost twice that after all the fees.
He’s so superfucked.
Out of the whole shitstorm surrounding orange man rn, this is the one I pin my hopes on to bring him to his knees first. 🤞
It really has the possibility to not only hobble his campaign and his ego, but to also mentally unbalance him even further since he's built his entire personality around being rich. He's almost certainly in a situation where he will end up having to declare bankruptcy
Declare bankruptcy again*
This is different.
Trump's companies have declared corporate bankruptcy, which gave them time to restructure.
But corporate bankruptcy won't work this time, because Trump is personally on the hook. So he would have to declare personal bankruptcy.
And that's a whole different process, where creditors get in line to take your belongings. Alex Jones and Rudy Giuliani are going through it, and Trump definitely does not want to.
The sooner the amphetamines give him that stroke, the better it is for the nation.
Eh, I think it's far better for the nation for him to lose than to die before that happens.
Fingers crossed 🤞
The only way to really hurt rich fucks is to fuck with their money.
This is painful to trump in ways that normies like us simply can’t understand.
It has the potential to bankrupt the rnc once he gets lara to give him all that rnc cash
And even this won't save him because rnc doesn't have that kind of money.
All I can picture is him on the podium telling his followers how smart declaring bankruptcy is. Then seeing a huge wave of Donnie's dumbest fille for bankruptcies across the nation.
Bankruptcies come in 7s
Would be hilarious if they confiscated and evicted him from Mar-a-Lago.
This is the only one he cares about. His identity is about to disintegrate.
He can't get a bond against his properties because he's over leveraged up the wazzooo on all of them.
That's his whole financial shtick, he gets loans against his properties until they come calling for him to repay, then gets more loans somewhere else to pay of the old loans.
That worked for him for the longest time until western banks got wise of this (either because he stiffed them or because he's still paying of his loans with them) and the only places he could lend from to repay the Western banks are questionable money sources.
So now he's in debt with everyone from legit banks to dark money sources and can't get anyone anywhere to lend him any more, especially not half a billion.
We can only hope a bunch of them start defaulting him on his loans and confiscating his properties, so that that whole house of cards starts crumbling down.
Well, it looks like the People of the State of New York are gonna be the first to the trough. Fuck those Russian gangster pricks and billionaire bankers alike. Let them eat ash.
Donald's creditors are surely huge sacks of shit just like he is. Very delightful to hear they will be losing money when the state of New York claims the asset before they can.
Chubb (who financed Trump’s $100m bond for the E Jean Carrol case)? Yeah, their CEO manages their financing for Russian oil interests and other shady-ass shit. That money was dirty as fuck.
But that’s all he could get, even from them. Maybe Putin doesn’t see Trump worth it any more, lol.
Trump in court is like Sideshow Bob in a room full of rakes.
Maybe at some point, his best buddy will decide that he's more useful as a Martyr, rather than having him slowly drag down his base as he falls. I can imagine some good headlines already "Orange guy murdered by secret cabal assassins. have Antifa Super-Soldiers returned?" 🙃
Not that I don't believe you, but do you have links for the dark money bit? I realize they may not exist.
Hope he defaults on his loan to a cartel or something.
His son, the dumb one, said they get all the money they need for funding out of Russia. Who do you think orchestrates that funding?
What happens when a regular person can’t get a bond appeal? They lose
He's about to be grabbed by the real estate portfolio. Ouch.
Since he's a crook, he lets them do it!
I'm going to keep posting this until I get sick of reveling in Trump's legal troubles actual starting to have some consequences
Schadenfreude
I hope to god he looses everything but the gold toilet cause his shit needs to be contained.
Well, a Ponzi scheme simply stops working at some point. That's why it's a scam and not a legitimate business model.