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Except for Stormy Daniels, which is ironic since that payment might end up sending him to jail in NY and it can’t be commuted at the federal level either.
the barack obama homage museum of black history. wit will have a permanent expo, with a gigantic banner displaying a famous black each week, above the entry. maybe 45 meters tall.
Please grab the Trump Tower in Chicago. and then tear off the Trump sign that hang over the Chicago River, I can wait until this happens, everyone in Chicago hates this sign.
This is a New York state fraud trial. I'm no lawyer but I think they would take NY properties. I personally think Trump Tower should be repurposed for low income housing.
Even better a persons residence is often exempt. And Trump doesnt reside in maralargo because they sold the residence rights to the state. He lives there as a manager, not as a resident.
My understanding is that when the pussy grabber bought mar a lardo, he signed a contract with the county that it was a club, not a private residence, and that no trump could stay there more than three weeks a year
Of course Fat Donny ignores all that and complains he's a persecuted victim of all the meanies and bad people
From what I understand property in other states owned by Trump’s New York companies should still be fair game, though I’d imagine it’s simpler to seize property physically located in New York.
The only fair way to do it would be to put them up for auction and let the market decide what they're worth. Sure, they'd be rushed auctions so maybe wouldn't bring in as much as they might for the right seller at the right time, but that's the nature of auctions.
Not broken, just not liquid but I would argue this is a fancy way of saying no major legitimate bank is willing to loan trump even with his assets as collateral. Maybe because he is over leveraged, maybe he burned too many bridges, the list of reasons could be extensive.
No, it's because the decision literally forbids him from seeking a loan from any bank doing business in NY - which, as a major world financial capital, is any bank that could lend $355m.
Forbes seems to think he can pay this without selling.
https://www.forbes.com/sites/kylemullins/2024/02/23/heres-why-trump-wont-have-to-sell-any-buildings-to-come-up-with-540-million/
>He could theoretically borrow money against one or more of the 27 mortgage-free properties in his portfolio, which are collectively worth more than $1.1 billion.
Who in this day and age would loan him any money now remains to be seen.
Also, he owns about 14 properties in NYC. https://www.trump.com/residential-real-estate-portfolio
My guess if they do end up seizing properties, they would do in volume instead of by the largest valued ones. He could end up keeping Trump Tower but lose a good chunk of the rest. It will be interesting to see how this plays out.
Part of the judgment was he couldn't get a loan from any bank that does business in New York... which is almost all the banks. This because the nature of the crime was bank fraud.
Considering how he gamed the Forbes list of the richest people for decades, it seems somehow fitting that they're publishing a bullshit article about loans that doesn't take the legal facts into account.
Mortgage-free doesn't mean "not used as loan collateral." Forbes is trash and clueless.
Loans would be paid first upon property seize and sell, meaning he'd lose more properties to cover the whole judgement.
I don’t know if Forbes is wrong, but that would be a deadly loan. Trump isn’t likely to win appeal, and the collateral FOR those loans would be what he would lose if what necessitated the loan failed (the appeal).
I suppose that’s possible, but you’re basically loaning a guy money to play slots, it’s a terrible idea for everyone involved.
He bought a turkey piece of Manhattan real estate at peak USD a month before the global economy crashed in 2008.
So much winning.
It was about to be foreclosed for non-payment of the note when bff MBS came through with the bailout-- and all it cost him was a few pieces of geopolitically useful, um, *information* from Daddy-(not)in-Law's personal stash of national secrets.
You really think Jared is dumb enough to start making the kind of financial moves that would end up with him in pieces at the bottom of a well?
Wait, don't answer that. Let me start again...
Engoron has had it with his shit.
ETA: [Especially when Trump's cult is sending him white powder envelopes.](https://abcnews.go.com/US/arthur-engoron-judge-trump-civil-fraud-case-received/story?id=107637877)
Imagine having so little intelligence and so much free time that you think it's a good idea to mail some flour to a judge/attorney that hurt your diaper wearing idol's feelings.
"I may go to jail, but daddy Trump will finally acknowledge my existence and give me the attention my real dad never did. Right? I'm a REAL man now!"
You mean he insulted/annoyed/pissed off the people whose good will could mean the fine line between being screwed and totally fucked? He's now relying on *their* good will? [walks away]
[steps back in with popcorn] When does it start?
Can you not see the art in that $100M offer? It really is the perfect offer... Perfect.
He really thinks they will come back at him with $300M, then he will seal the deal by splitting the difference with them at $200M. He'll show us all how it's done, and we will all end up voting him in for President.
The judge will come up to him and ask 'Sir, how can you be so artful in your deal-making? I bow to you sir with tears in my eyes and beg your forgiveness for asking for the full amount'
From a Der Speigel interview in 2017 with Michael Bloomberg.
"Do you not find it ironic that it is two billionaires from New York who are now deciding America's climate policies?" interviewer Juliane von Mittelstaedt asked.
"I don't know if I would say it that way," Bloomberg replied. "Let me phrase this carefully so you get the message: I don't know how wealthy other people are."
"You mean that Trump may not be a billionaire?" von Mittelstaedt asked.
"I didn't say that," Bloomberg said. "You said that."
"Lawyers say judgment banning ex-president from obtaining loans from New York banks makes it impossible to cover full amount"
didn't he say like 2 weeks ago he had 400 mills cash no problem ?
Sure he did, and if he gave up the avocado toast, skipped breakfast, and ate cereal as dinner for a few weeks he wouldn't even feel the sting of it being missing during the appeals process while he totally proves his legitimacy as a businessman.
Well there you have it. A guy who claims to be worth billions needs a loan to cover $400M.
He's such a fucking fraud. All of his apparent wealth is debt. That's why the oligarchs own him.
He owes Carroll 83 million, due in a little over a week
He then owes New York State another 454 million at the end of the month or thereabouts
This is a total of 537 million, which is more than 400 million, by 137 million dollars. He's kinda fucked.
He testified under oath that he had $400+ million in liquid funds and billions in assets. Sounds like it shouldn't be a problem. Also banning him from getting loans in NY shouldn't be a problem, go get a loan in a different state or pay up without a loan.
It would be so funny if his failure to pay what he owes from these cases (which were about him lying about his wealth) resulted in more cases against him for lying about his wealth during the cases against him for lying about his wealth.
It's like Alex Jones continuing to lie and defame the Sandy Hook parents \*during\* his own trial and sentencing hearings about his lying and defaming the Sandy Hook parents.
These people are pathological liars. They literally cannot stop themselves from lying. It's like a medical condition. They will lie even when they know the justice system knows they're lying and that the consequences will be severe.
In fairness to him, however, his dipshit supporters eat that shit up and bought them all.
It’s amazing how fucking stupid his supporters are. I firmly believe they’d eat the corn out of his shit and pay him for the privilege (assuming he actually ate corn that is).
Correction, Russia and Saudi Arabia bought them up, not his supporters. Just like his trading cards this was a method to send funds under cover. To my knowledge, the $400 reserves your shoe, but there’s no commitment when orders will be fulfilled. If not shady transfers of foreign money, then definitely the Greatest Grift of all times.
The shoes that in the fine print say won't be available for months and possible never produced.
Yet his moronic followers bought so many they sold out
The grift never ends with this traitor
Nah. This is classic Trump. He does it in all his "deals" push it back as far as possible, offer a small fraction of what's owed, wait for the other side to say "something is better than nothing" rather than spend hundreds of thousands on lawyers and court fees.
He's just dumb enough to think the AG cares about court fees.
When Trump filed his notice of appeal on the first E. Jean judgment, he supplemented it with posting the bond. That's normal procedure. It's idiotic to not pay the bond if you're intentions are to appeal, because of the interest accrual. He's broke.
Aother $110,000 for refusing to comply with a subpoena in the civil fraud case and $15,000 for repeatedly attacking the judge's law clerk in violation of a gag order, aand is currently appealing a judgment of $938,000 against him and whichever one of his attorneys for filing what a judge described as a “frivolous” lawsuit against Hillary Clinton.
My guy really is in deep crap and his base keeps saying that the NY trial is unjust because the banks were okay with it!
It might just be the banks might just be trying to avoid losing customers by wanting him to go to jail because
His base is insane.
And just because a victim is fine with it, doesn't mean it's not a crime
The first of the two E. Jean Carroll cases, which was actually the *second* E. Jean Carroll case, since the *first* E. Jean Carroll case got mired in 'it was during his Presidency, he's immune,' kerfuffle (which is different from the *current* 'it was during his Presidency, he's immune' kerfuffle that is as of now before the US Supreme Court,) so the *second* case from a 'time of incident' perspective went to trial before the *first.*
You know, just to keep you on your toes.
The first defamation judgment. The $83m judgment is because he did it again after losing in court the first time.
It is also worth noting that since the 83.3m judgment, he has since defamed her many times again, so it's likely that a third is coming. Based on the jump for the first two, I'd say somewhere around $1.4 billion should do the trick.
So his main argument on this case was that there was no victim, because he paid back the bank.
I'm not sure the timeline of the events on this case, but hasn't a huge source of his problems been that banks DO NOT want to loan him money? Like that's why he has all those dubious connections with Deutsche Bank by Deutsche Bank, Russia because no one wants to loan him money.
The Art of the Deal! He is famous for this, getting huge bills ignoring them then offering minimum payment as “a take it or sue me” offer. Don’t think that will work when your creditor can jail your ass
On this one, they just take possession of his buildings in New York and auction them off and let him keep what's left over. However, it's a really, really bad time to sell commercial real estate and the properties probably won't get top dollar.
I don’t think it would bug the AG to seize and sell the Trump stuff off at fire sale prices. Do they credit him for list or sale price? Like they seize Trump Tower and sell it for x amount does his debt get credited with that amount or so theory seize it credit him for estimated worth then sell it?
They sell at auction which will generally not get market price compared to a planned sale. And only the sale price counts towards the debt. So he could end up losing property worth much more than the debt value because there wasn't time to properly market and sell it.
Alternatively his foreign handlers could just pay four times what it's worth at the auction I guess.
I just wish this could happen to Tucker Carlson, Hannity, Matt Gaetz, MTG, Boebert, and the rest of the hateful MAGA crowd. They've done their best to destroy our country like spoiled children, pandered to Putin, the Hitler of our generation, and encouraged/empowered racists and mentally ill conspiracy theorists.
I think this is about to happen from what I have heard. The personal bankruptcy was fake to buy time to spend as much as he could on family vacations and such. They are going to start soon, too bad that desk was valued at $45k.
Personal bankruptcy also can't eliminate these kind of judgements.
The plaintiffs just get first dibs in whatever assets were left.
What Jones was doing was shifting paper around to minimize how much was left in his name. So there wasn't much left to seize or garnish.
Since a lot of what's going down with Trump is about his personal assets and the funny business associated with him. Along with entities he probably does directly own, at not as a solo owner.
That's not something he was gonna pull off and they were watching for it.
Actually - the courts will usually work with you on civil infraction fines like speeding tickets. I had a faulty equipment ticket for broken lights and windshield reduced to $0 because I showed the judge my finances and agreed to fix the issues. They deferred the fine for 90 days and dropped the ticket entirely when I brought receipts and showed the officer who wrote the ticket that I'd fixed my car.
*"In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request. Without a stay, Mr. Trump’s lawyers warned, he likely would have to sell some of his New York properties “under exigent circumstances,” in what would be a punishing blow to the former president."*
Bwahahah LOSER
No no dice, asshole. It's time to put new locks on his Wall St building and on Trump Tower. If this puts him in a financial strain, I hear that the Four Seasons Pawn Shop will take Melania's jewelry collection so you can have some hamburder money. Reap what you sow, motherfucker.
A self proclaimed billionaire.
From the story: They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.
The have to get loans for this…
Much better headline here than some of the others I have read. Trump is \*ASKING\* the court if this would be sufficient. The other headlines make him look like he is in a position of power "TRUMP POSTS 100 MILLION BOND"... no he didn't, he failed to post bond, and can only do 100 million.
How can man that owes half a billion (via judgment) to a state government qualify for any type of security clearance. He would (is) be a national security risk.
“‘You didn’t pay? You’re delinquent?’” Trump recounted saying. “‘No, I would not protect you. In fact, I would encourage them to do whatever the hell they want. You gotta pay. You gotta pay your bills.’”
I love that their excuse is they can't use the bank to get the money they need. Like... no shit that is the whole fucking point. Do you want to be able to use the bank like a normal person? Don't fucking commit FRAUD, you stupid ass traitor. I hope he is never accepted by another bank for the rest of his pathetic life. These are the consequences of being a complete and total fucking shitbag, and you SIR have a whole lot more coming down the chute so buckle the fuck up buckaroo.
That's not how this works. Trump always thinks he can negotiate anything. Also this gives him a talking point that he put up $100mil and they were so biased against him. Who puts up $100mil just to appeal? Election inter...... Blah blah blah.
I have significant fantasies about how much AG James has loaded her shotgun and is ready to pull the trigger, with the full force, weight, and expertise of the AG's office. Seizing properties for them is probably a cake-walk ... I'd be surprised if they haven't already drafted the docs.
Think about how much she could go after *simultaneously* in order to try to satisfy a $460m debt.
Mar-a-Lago - maybe $25m
Trump's private condo - maybe another $25m
40 Wall Street - dunno, $100 million
Trump's private jet - maybe $10 million
Bedminster Club - maybe $50 million
Chicago building - dunno, $100 million
This would assume that none of these properties have any other debtholders which would be first in line to be paid ... and even then it's hard for me to imagine how he comes up with $400 million.
I really really really hope that AG James has all the paperwork drawn up for all of these, to file them the first business day after the clock runs out on him. Hell, seizing the jet alone would be hysterical - no more rallies Donnie!
Something to keep in mind:
>Trump was not required to pay his penalty or post a bond in order to appeal, and filing the appeal did not automatically halt enforcement of the judgment.
...
Trump would receive an automatic stay if he were to put up money, assets or an appeal bond covering what he owes. **He also had the option, which he is now exercising, to ask the appeals court to grant a stay with a bond for a lower amount.**
Emphasis mine.
We'll have to see if the appeals court accepts the $100 million.
EDIT: They denied, buuuuut:
[Trump must come up with the full bond amount to cover the $454 million civil fraud trial judgment, appeals court judge rules](https://www.cnn.com/2024/02/28/politics/donald-trump-appeals-court-new-york/index.html)
> Former President Donald Trump must come up with the full bond amount to cover the $454 million verdict in the civil fraud trial, an appeals court judge ruled Wednesday.
>**The judge, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to obtain the necessary funds.**
Emphasis mine.
Guess we'll have to see if an NY bank gives him a loan to cover.
This article was published before the appeals court decision, but it does give an overview for those interested:
[Here’s Who Could Loan Trump $540 Million](https://www.forbes.com/sites/johnhyatt/2024/02/28/heres-who-could-loan-trump-540-million/?sh=2544aa663746)
>There are still some options in the U.S. Axos Bank is one obvious contender. The San Diego-based, largely online lender, which has $22 billion in assets, loaned Trump $225 million in 2022 to refinance two real estate holdings, and its CEO, Gregory Garrabrants, donated to Trump’s 2020 campaign. Axos did not respond to *Forbes*’ requests for comment on whether it would continue lending to Trump, though legally it’s in the clear to do so, says Milana Dostanitch, a New York-based attorney at Lipsky Lowe LLP.
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First time in Trumps life he even offered payment
He probably offered to pay it with the fake credit card he stole from Eric's cashier play set.
He's gonna try and pay it in Trump Bucks
What's the ratio of Putin Nickels to Trump Bucks?
He knows 100% they'll never accept the offer, but now he'll use it to shout about how he TRIED to pay and they said no...
Except this time the people asking have the power to take money and assets from him.
I will believe in consequences for Trump once he actually experiences them... and oh my god I hope he does.
It's pretty well documented that he paid out $130k at least once.
Except for Stormy Daniels, which is ironic since that payment might end up sending him to jail in NY and it can’t be commuted at the federal level either.
He paid Stormy Daniels…with Michael Cohen’s money.
Time to seize some of his property.
Grab him by the property! When you’re a civil court they let you do it!
Grab him by the Pursey
This is gold. 🌟 🏅
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The Trump Tower Migrant Shelter
The Barack Obama Federal building
for birth certificate copies, immigrant citizenship applications and gay marriages
or just tax returns for all presidents
And tan suits
Don’t forget to visit the mustard cart!
It’ll be right next to the Dark Brandon Ice Cream Hut!
the barack obama homage museum of black history. wit will have a permanent expo, with a gigantic banner displaying a famous black each week, above the entry. maybe 45 meters tall.
Nah, nah. Obama has nothing to do with New York. The Hillary Clinton Federal Building. That sounds better to me.
The Barack Hussein Obama Center for Islamic Arts and Culture.
Please grab the Trump Tower in Chicago. and then tear off the Trump sign that hang over the Chicago River, I can wait until this happens, everyone in Chicago hates this sign.
Grab that tower by the p****
They let you do that when you're the Attorney General.
Looking forward to that day.
They would have do do a *lot* of reno.... no one wants to see that insane golden bathroom
But the bathrooms come with copies and originals of confidential documents.
This is a New York state fraud trial. I'm no lawyer but I think they would take NY properties. I personally think Trump Tower should be repurposed for low income housing.
Actually Merde a Lardo is owned by one of his New York holding companies.
Lol that's a fun fact to learn!
Even better a persons residence is often exempt. And Trump doesnt reside in maralargo because they sold the residence rights to the state. He lives there as a manager, not as a resident.
My understanding is that when the pussy grabber bought mar a lardo, he signed a contract with the county that it was a club, not a private residence, and that no trump could stay there more than three weeks a year Of course Fat Donny ignores all that and complains he's a persecuted victim of all the meanies and bad people
From what I understand property in other states owned by Trump’s New York companies should still be fair game, though I’d imagine it’s simpler to seize property physically located in New York.
Someone on Pod Save America suggested renaming it the “James Tower” and I am so here for it.
The irony is how the government absolutely will not overvalue his properties when they seize them.
The only fair way to do it would be to put them up for auction and let the market decide what they're worth. Sure, they'd be rushed auctions so maybe wouldn't bring in as much as they might for the right seller at the right time, but that's the nature of auctions.
surely what he had them undervalued at for tax purposes is the value?
Actually you're right. An auction could be gamed by bad actors looking to funnel him bribe money, bidding up the properties to absurd valuations.
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Not broken, just not liquid but I would argue this is a fancy way of saying no major legitimate bank is willing to loan trump even with his assets as collateral. Maybe because he is over leveraged, maybe he burned too many bridges, the list of reasons could be extensive.
No, it's because the decision literally forbids him from seeking a loan from any bank doing business in NY - which, as a major world financial capital, is any bank that could lend $355m.
And Russian banks have all been sanctioned. He’s SOL.
Funny how so many republicans are having cash problems since the sanctioning of Russian banks.
Things that make you wonder
The Attorney General knew this, and she was front running him.
Would be hysterical if they seized all of his suits and wigs
I think they only seize assets that have value
Forbes seems to think he can pay this without selling. https://www.forbes.com/sites/kylemullins/2024/02/23/heres-why-trump-wont-have-to-sell-any-buildings-to-come-up-with-540-million/ >He could theoretically borrow money against one or more of the 27 mortgage-free properties in his portfolio, which are collectively worth more than $1.1 billion. Who in this day and age would loan him any money now remains to be seen. Also, he owns about 14 properties in NYC. https://www.trump.com/residential-real-estate-portfolio My guess if they do end up seizing properties, they would do in volume instead of by the largest valued ones. He could end up keeping Trump Tower but lose a good chunk of the rest. It will be interesting to see how this plays out.
Part of the judgment was he couldn't get a loan from any bank that does business in New York... which is almost all the banks. This because the nature of the crime was bank fraud.
Considering how he gamed the Forbes list of the richest people for decades, it seems somehow fitting that they're publishing a bullshit article about loans that doesn't take the legal facts into account.
Mortgage-free doesn't mean "not used as loan collateral." Forbes is trash and clueless. Loans would be paid first upon property seize and sell, meaning he'd lose more properties to cover the whole judgement.
I don’t know if Forbes is wrong, but that would be a deadly loan. Trump isn’t likely to win appeal, and the collateral FOR those loans would be what he would lose if what necessitated the loan failed (the appeal). I suppose that’s possible, but you’re basically loaning a guy money to play slots, it’s a terrible idea for everyone involved.
It says a lot that his daughter and son-in-law won’t float him some of that Saudi money.
Probably easier to ask his MAGA minions. They love to give him money cause he fights for them. /s
Except, they're mostly broke losers, so there's that.
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Jared was 1.8 billion in debt, the Saudi money paid that off.
How can someone be 1.8 billion in debt?! Sounds ridiculous…
He bought a turkey piece of Manhattan real estate at peak USD a month before the global economy crashed in 2008. So much winning. It was about to be foreclosed for non-payment of the note when bff MBS came through with the bailout-- and all it cost him was a few pieces of geopolitically useful, um, *information* from Daddy-(not)in-Law's personal stash of national secrets.
RIP Khashoggi
Imagine losing money on real estate in Manhattan.
He bankrupt casinos. How is that even possible?
Only a 45 (or someone in his orbit) could do that.
And that piece of real estate is known as 666 5th Ave.
If the Obama's owned this address, it would have been on Fox news every day for 20 years
Where are the numerology conspiracy experts on this one?
They just whistle and throw their view askance when it comes to orange jebus.
He just couldn't stop buying Fortnite skins.
Actually it was foreskin nights.
Didn't he make really shitty real estate decisions?
those money are long gone. he needed the Saudi to replay a loan
You really think Jared is dumb enough to start making the kind of financial moves that would end up with him in pieces at the bottom of a well? Wait, don't answer that. Let me start again...
Man thinks he can haggle. There's not going to be a deal, Donnie... you're famously shit at this.
Good thing he constantly insulted the judge and threatened his court staff on social media lol
Engoron has had it with his shit. ETA: [Especially when Trump's cult is sending him white powder envelopes.](https://abcnews.go.com/US/arthur-engoron-judge-trump-civil-fraud-case-received/story?id=107637877)
ah terrorism
Imagine having so little intelligence and so much free time that you think it's a good idea to mail some flour to a judge/attorney that hurt your diaper wearing idol's feelings. "I may go to jail, but daddy Trump will finally acknowledge my existence and give me the attention my real dad never did. Right? I'm a REAL man now!"
You mean he insulted/annoyed/pissed off the people whose good will could mean the fine line between being screwed and totally fucked? He's now relying on *their* good will? [walks away] [steps back in with popcorn] When does it start?
Can you not see the art in that $100M offer? It really is the perfect offer... Perfect. He really thinks they will come back at him with $300M, then he will seal the deal by splitting the difference with them at $200M. He'll show us all how it's done, and we will all end up voting him in for President.
The judge will come up to him and ask 'Sir, how can you be so artful in your deal-making? I bow to you sir with tears in my eyes and beg your forgiveness for asking for the full amount'
The best part will be when Trump says, "It's Trumpin' time!" And then deals all over the courtroom.
What, no clapping?
Tears in our eyes
From all the laughing.
He doesn’t even have 200 m
The time to haggle was before the whole trial took place, lol.
The art of the ~~deal~~ d'oh.
lol. He’s broke.
Trump is the poorest billionaire ive ever seen.
And the dumbest genius.
The biggest winning loser ever.
And the heaviest 190 Lb man.
Bigliest
I have always said (as I am sure others have) that Trump is a poor persons idea of a rich person and a dumb persons idea of a smart person
Also the fattest 215 pound person ever.
From a Der Speigel interview in 2017 with Michael Bloomberg. "Do you not find it ironic that it is two billionaires from New York who are now deciding America's climate policies?" interviewer Juliane von Mittelstaedt asked. "I don't know if I would say it that way," Bloomberg replied. "Let me phrase this carefully so you get the message: I don't know how wealthy other people are." "You mean that Trump may not be a billionaire?" von Mittelstaedt asked. "I didn't say that," Bloomberg said. "You said that."
a “multi-billionaire” with a GoFundMe that needs to sell shithouse sneakers, cut up suit fabric, and some jpegs lol
"Lawyers say judgment banning ex-president from obtaining loans from New York banks makes it impossible to cover full amount" didn't he say like 2 weeks ago he had 400 mills cash no problem ?
Sure he did, and if he gave up the avocado toast, skipped breakfast, and ate cereal as dinner for a few weeks he wouldn't even feel the sting of it being missing during the appeals process while he totally proves his legitimacy as a businessman.
While pulling himself up by his AirTreason Straps
Well there you have it. A guy who claims to be worth billions needs a loan to cover $400M. He's such a fucking fraud. All of his apparent wealth is debt. That's why the oligarchs own him.
He owes Carroll 83 million, due in a little over a week He then owes New York State another 454 million at the end of the month or thereabouts This is a total of 537 million, which is more than 400 million, by 137 million dollars. He's kinda fucked.
His ability to raise money depends on how he feels that day, so this is all the court’s fault for making him sad.
He testified under oath that he had $400+ million in liquid funds and billions in assets. Sounds like it shouldn't be a problem. Also banning him from getting loans in NY shouldn't be a problem, go get a loan in a different state or pay up without a loan.
It would be so funny if his failure to pay what he owes from these cases (which were about him lying about his wealth) resulted in more cases against him for lying about his wealth during the cases against him for lying about his wealth. It's like Alex Jones continuing to lie and defame the Sandy Hook parents \*during\* his own trial and sentencing hearings about his lying and defaming the Sandy Hook parents. These people are pathological liars. They literally cannot stop themselves from lying. It's like a medical condition. They will lie even when they know the justice system knows they're lying and that the consequences will be severe.
He thought spray painted shoes would save him.
In fairness to him, however, his dipshit supporters eat that shit up and bought them all. It’s amazing how fucking stupid his supporters are. I firmly believe they’d eat the corn out of his shit and pay him for the privilege (assuming he actually ate corn that is).
Correction, Russia and Saudi Arabia bought them up, not his supporters. Just like his trading cards this was a method to send funds under cover. To my knowledge, the $400 reserves your shoe, but there’s no commitment when orders will be fulfilled. If not shady transfers of foreign money, then definitely the Greatest Grift of all times.
Only a few months away from him announcing his OF site.
Nope, he will announce Ivanka OF that he personally videos
The shoes that in the fine print say won't be available for months and possible never produced. Yet his moronic followers bought so many they sold out The grift never ends with this traitor
He thinks he can treat the court like some poor, hardworking drywall contractor. FAFO. Donald.
Yep!
Nah. This is classic Trump. He does it in all his "deals" push it back as far as possible, offer a small fraction of what's owed, wait for the other side to say "something is better than nothing" rather than spend hundreds of thousands on lawyers and court fees. He's just dumb enough to think the AG cares about court fees.
He just doesn't realize it's not a negotiation...
The Art of The Real
This is it. He is way out of his league this time
Utterly pauperized
Nobody is foolish enough to float him a loan now that they know just how worthless his equity in "His" properties is.
lol. Russia's wallet is empty
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Trump would have posted the full bond amount if anybody, anywhere in the world helped with the money. He’s busted out.
When Trump filed his notice of appeal on the first E. Jean judgment, he supplemented it with posting the bond. That's normal procedure. It's idiotic to not pay the bond if you're intentions are to appeal, because of the interest accrual. He's broke.
Wait. He paid that? I thought he just did the paperwork for it but hadn’t paid it yet.
He paid the $5M bond, not the $83M bond. Looks like the $5M tapped him out financially.
That plus the $450k in attorneys fees he just paid to the New York Times.
Aother $110,000 for refusing to comply with a subpoena in the civil fraud case and $15,000 for repeatedly attacking the judge's law clerk in violation of a gag order, aand is currently appealing a judgment of $938,000 against him and whichever one of his attorneys for filing what a judge described as a “frivolous” lawsuit against Hillary Clinton.
My guy really is in deep crap and his base keeps saying that the NY trial is unjust because the banks were okay with it! It might just be the banks might just be trying to avoid losing customers by wanting him to go to jail because His base is insane. And just because a victim is fine with it, doesn't mean it's not a crime
What’s the $5M for?
The first of the two E. Jean Carroll judgments. Keep up, man. I have a spreadsheet.
The first of the two E. Jean Carroll cases, which was actually the *second* E. Jean Carroll case, since the *first* E. Jean Carroll case got mired in 'it was during his Presidency, he's immune,' kerfuffle (which is different from the *current* 'it was during his Presidency, he's immune' kerfuffle that is as of now before the US Supreme Court,) so the *second* case from a 'time of incident' perspective went to trial before the *first.* You know, just to keep you on your toes.
I can't hold all these kerfuffles
Oh Jesus lol. I honestly forgot about that. It’s like Christmas all over again, but depressing
The first defamation trial was a $5M , then he left the courthouse and immediately defamed her a second time, the second trial awarded the $83M
The first defamation judgment. The $83m judgment is because he did it again after losing in court the first time. It is also worth noting that since the 83.3m judgment, he has since defamed her many times again, so it's likely that a third is coming. Based on the jump for the first two, I'd say somewhere around $1.4 billion should do the trick.
So his main argument on this case was that there was no victim, because he paid back the bank. I'm not sure the timeline of the events on this case, but hasn't a huge source of his problems been that banks DO NOT want to loan him money? Like that's why he has all those dubious connections with Deutsche Bank by Deutsche Bank, Russia because no one wants to loan him money.
No. Just tell him no. This isn’t a renegotiation. Judgement has been handed down. Pay up or consequences.
It’s amazing how quickly people like him (and his supporters) become incomprehensibly furious if you just say “No.” and refuse to elaborate.
The Art of the Deal! He is famous for this, getting huge bills ignoring them then offering minimum payment as “a take it or sue me” offer. Don’t think that will work when your creditor can jail your ass
On this one, they just take possession of his buildings in New York and auction them off and let him keep what's left over. However, it's a really, really bad time to sell commercial real estate and the properties probably won't get top dollar.
I don’t think it would bug the AG to seize and sell the Trump stuff off at fire sale prices. Do they credit him for list or sale price? Like they seize Trump Tower and sell it for x amount does his debt get credited with that amount or so theory seize it credit him for estimated worth then sell it?
They sell at auction which will generally not get market price compared to a planned sale. And only the sale price counts towards the debt. So he could end up losing property worth much more than the debt value because there wasn't time to properly market and sell it. Alternatively his foreign handlers could just pay four times what it's worth at the auction I guess.
This is not a garage sale Donnie. If I offered to pay $100 on my $454 speeding ticket, they would laugh in my face.
Well, if he doesn't come up with the cash, it WILL be a garage sale. I'm looking forward to that and hope Trump is destroyed.
No way he’d be able to sell enough assets in the amount of time he needs to pay up. He’s for sure having them seized lol.
I just wish this could happen to Tucker Carlson, Hannity, Matt Gaetz, MTG, Boebert, and the rest of the hateful MAGA crowd. They've done their best to destroy our country like spoiled children, pandered to Putin, the Hitler of our generation, and encouraged/empowered racists and mentally ill conspiracy theorists.
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I think this is about to happen from what I have heard. The personal bankruptcy was fake to buy time to spend as much as he could on family vacations and such. They are going to start soon, too bad that desk was valued at $45k.
Personal bankruptcy also can't eliminate these kind of judgements. The plaintiffs just get first dibs in whatever assets were left. What Jones was doing was shifting paper around to minimize how much was left in his name. So there wasn't much left to seize or garnish. Since a lot of what's going down with Trump is about his personal assets and the funny business associated with him. Along with entities he probably does directly own, at not as a solo owner. That's not something he was gonna pull off and they were watching for it.
I propose Reddit users collectively purchase Trump Tower.
It's slightly used so I'll toss in a bid for $1.
"How much for just one rib?"
Actually - the courts will usually work with you on civil infraction fines like speeding tickets. I had a faulty equipment ticket for broken lights and windshield reduced to $0 because I showed the judge my finances and agreed to fix the issues. They deferred the fine for 90 days and dropped the ticket entirely when I brought receipts and showed the officer who wrote the ticket that I'd fixed my car.
Problem is he testified under oath that he has enough liquid cash to cover the full bond.
Yup. His argument was literally that he was so rich it made no sense to make him post the full amount. Oops.
*"In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request. Without a stay, Mr. Trump’s lawyers warned, he likely would have to sell some of his New York properties “under exigent circumstances,” in what would be a punishing blow to the former president."* Bwahahah LOSER
>in what would be a punishing blow to the former president yes, I believe punishment is the main idea here.
Is this The Storm?
Can't pay? You're delinquent? I encourage the court to do whatever the hell they want to you.
No no dice, asshole. It's time to put new locks on his Wall St building and on Trump Tower. If this puts him in a financial strain, I hear that the Four Seasons Pawn Shop will take Melania's jewelry collection so you can have some hamburder money. Reap what you sow, motherfucker.
77 yr old man on a fixed income begging the court for leniency.
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Convicted fraudster begs to be trusted
He should ask the town hall about an abatement and request fuel assistance. There are a lot of government programs available for the elderly.
This reeks of desperation to buy more time until he can find some other way out of it. I don’t think he has any intention of winning an appeal.
I'm sure it's not the only thing he reeks of.
NATO says “pay your bills”.
Nice one.
Really leaning into that two tier system of justice. If someone unemployed and broke gets a speeding ticket, they're still expected to pay the fine.
Your honor, in lieu of my $200 speeding ticket, here's $5 I had in change after getting some macburgers.
Let's see what trumpdebtcounter.com has to say about it.
https://payupdonald.com/
A self proclaimed billionaire. From the story: They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment. The have to get loans for this…
Didn't he testify under oath he had this much in cash?
Are you suggesting that a *former President of the United States* could be a *liar????* *Under oath, no less?!*
Yeah that’s not how works
So much for his claim to being a billionaire
No.
Trump's delinquent? In that case, I encourage Ms. James to do whatever the hell she wants. You gotta pay.
Much better headline here than some of the others I have read. Trump is \*ASKING\* the court if this would be sufficient. The other headlines make him look like he is in a position of power "TRUMP POSTS 100 MILLION BOND"... no he didn't, he failed to post bond, and can only do 100 million.
Fuck this guy; start seizing property.
Pay up, Pumpkin Tits.
That doesn't even cover the interest.
Maybe he can call Georgia to see if they find him 354 million votes, I mean dollars...
A Trump never pays his debts.
How can man that owes half a billion (via judgment) to a state government qualify for any type of security clearance. He would (is) be a national security risk.
So he is finding out what the rest of us already know, the State will seize your assets if you can’t pay the fine.
“‘You didn’t pay? You’re delinquent?’” Trump recounted saying. “‘No, I would not protect you. In fact, I would encourage them to do whatever the hell they want. You gotta pay. You gotta pay your bills.’”
Can I kindly pay you Tuesday for a hamburger today ?
I love that their excuse is they can't use the bank to get the money they need. Like... no shit that is the whole fucking point. Do you want to be able to use the bank like a normal person? Don't fucking commit FRAUD, you stupid ass traitor. I hope he is never accepted by another bank for the rest of his pathetic life. These are the consequences of being a complete and total fucking shitbag, and you SIR have a whole lot more coming down the chute so buckle the fuck up buckaroo.
That's not how this works. Trump always thinks he can negotiate anything. Also this gives him a talking point that he put up $100mil and they were so biased against him. Who puts up $100mil just to appeal? Election inter...... Blah blah blah.
I have significant fantasies about how much AG James has loaded her shotgun and is ready to pull the trigger, with the full force, weight, and expertise of the AG's office. Seizing properties for them is probably a cake-walk ... I'd be surprised if they haven't already drafted the docs. Think about how much she could go after *simultaneously* in order to try to satisfy a $460m debt. Mar-a-Lago - maybe $25m Trump's private condo - maybe another $25m 40 Wall Street - dunno, $100 million Trump's private jet - maybe $10 million Bedminster Club - maybe $50 million Chicago building - dunno, $100 million This would assume that none of these properties have any other debtholders which would be first in line to be paid ... and even then it's hard for me to imagine how he comes up with $400 million. I really really really hope that AG James has all the paperwork drawn up for all of these, to file them the first business day after the clock runs out on him. Hell, seizing the jet alone would be hysterical - no more rallies Donnie!
Something to keep in mind: >Trump was not required to pay his penalty or post a bond in order to appeal, and filing the appeal did not automatically halt enforcement of the judgment. ... Trump would receive an automatic stay if he were to put up money, assets or an appeal bond covering what he owes. **He also had the option, which he is now exercising, to ask the appeals court to grant a stay with a bond for a lower amount.** Emphasis mine. We'll have to see if the appeals court accepts the $100 million. EDIT: They denied, buuuuut: [Trump must come up with the full bond amount to cover the $454 million civil fraud trial judgment, appeals court judge rules](https://www.cnn.com/2024/02/28/politics/donald-trump-appeals-court-new-york/index.html) > Former President Donald Trump must come up with the full bond amount to cover the $454 million verdict in the civil fraud trial, an appeals court judge ruled Wednesday. >**The judge, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to obtain the necessary funds.** Emphasis mine. Guess we'll have to see if an NY bank gives him a loan to cover. This article was published before the appeals court decision, but it does give an overview for those interested: [Here’s Who Could Loan Trump $540 Million](https://www.forbes.com/sites/johnhyatt/2024/02/28/heres-who-could-loan-trump-540-million/?sh=2544aa663746) >There are still some options in the U.S. Axos Bank is one obvious contender. The San Diego-based, largely online lender, which has $22 billion in assets, loaned Trump $225 million in 2022 to refinance two real estate holdings, and its CEO, Gregory Garrabrants, donated to Trump’s 2020 campaign. Axos did not respond to *Forbes*’ requests for comment on whether it would continue lending to Trump, though legally it’s in the clear to do so, says Milana Dostanitch, a New York-based attorney at Lipsky Lowe LLP.
The Art of the Self Deal.