1y ago

Still Unable to Post Bond, Trump Has Most Crazed Meltdown Yet

Donald Trump has no idea how to post bond in the fraud trial—and he’s absolutely losing it.

In just shy of a week, Donald Trump’s $454 million judgment from his New York bank fraud trial will become collectible, either by way of liquid cash or financial assets—and it has officially sent Trump into meltdown mode.

The notoriously sleep-deprived GOP presidential nominee spent the better part of Monday night shouting into the void about the massive, half-billion-dollar judgment and his apparent inability to pay it off, bemoaning being required to follow the law before being allowed to appeal the case.

“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” Trump posted Tuesday morning.

“I shouldn’t have to put up any money, being forced by the Corrupt Judge and AG, until the end of the appeal. That’s the way system works!” he added, forgetting that he’s being held to the same standards as every private citizen.

117 comments

Hopefully, during repossession, they count his obnoxious branding as negative value and underprice what is being auctioned.
- From my understanding, it essentially ends up with bidding for assets to get to the amount needed. Whatever the resulting high bid ends up, is the amount for that asset. So if something is valued at $500M but sells for only $200M, it only counts as $200M toward the judgment. Basically, estimated value means nothing, only what someone actually pays for it.
  
  So actual market value.
  
  So if something is valued at $500M but sells for only $200M, it only counts as $200M toward the judgment.
  Kind of less, he's paying taxes on the sale too, because he's still selling it even tho he doesnt get to keep the money.
  And when selling half a billion dollars of real estate, you're going to pay a lot of taxes even in America.
  So the 200 million goes to the judgement, but he's paying 20-40% percent in state/federal/local taxes. And it's all gonna happen in the same calendar year while a shit ton of accountants are watching his every move.
  He's going to end up having to sell a lot more than the judgement to pay his tax bill a year from now.
  And that's not even getting into his loans.
  Value a building at 100 million when it's worth 50
  Borrow 70 million on property.
  Sells for 40 and the bank needs 30 still.
  There's no way out, even if the bank forgives the remaining 30, that still counts as taxable income for trump, compounding the first issue. And in that scenario, $0 is going to judgement and trump still loses the property and they move on to seizing the next on the list. He gets zero gain from the sale, but it's still drives up taxable income for him personally
  trump could conceivably have a billion dollar gross income in 2024, and be completely broke with hundreds of millions due in tax.
  Which is just insane.
  
  On the other side, what if some shady entity comes in and bids $500 million for something valued at $1 million so that Trump doesn't have to sell all his shit, but then the shady entity will have Trump in their pocket as well?
  
  Yup, and if the conservatives haven't voluntarily bailed him out yet they're probably not going to be charitable in valuing his broke ass brand.
  
  I'm pretty sure you're wrong. Trump says Mar-a-lago is worth billions so it's worth billions, right? I mean that's how it's worked for him up until now.
  
  Trump being forced to sell off his properties for what people will pay for them in order to pay off the fine for fraudulently overvaluing those same properties is just so fucking delicious.
- Actually, I’m hoping they come across more of the classified files I’m sure he stole.
- "Pair of ugly sneaker shoes? $10"
“The only FRAUD in the Peekaboo James case, our failed and disgusting New York State Attorney General, was her convincing ‘Judge’ Arthur Engoron to put a value on Mar-a-Lago, in Palm Beach, Florida, of just $18,000,000, when it is worth 50 to 100 times that amount. This was fraudulently and illegally done, working closely together in a corrupt Communist system, to set their NARRATIVE after learning that their Values and Facts were completely wrong,” Trump posted,
100 times would be 1.8 billion dollars...
4 years ago it was worth a little over half a billion when he talked to banks, and 18 to 27 million when he paid taxes.
Judge Engoron already determined in a summary judgment that Trump overvalued Mar-a-Lago by "at least 2,300%" by valuing the club between $426 and $612 million in his financial statements, despite the Palm Beach county assessor appraising the value between $18 and $27.6 million between 2011 and 2021. The documents entered into evidence today, as well as testimony from former Trump Organization VP Raymond Flores, adds context regarding who at the Trump Organization could have been aware of the discrepancy.
https://abcnews.go.com/US/live-updates/trump-fraud-trial/trump-tax-rep-acknowledged-much-lower-value-for-maralago-104481579?id=103642561
So I think they just took the lowest he's claimed it was worth, which explains why it pisses him off so much.
- As it should be? If it's what you paid tax on, everything else clearly doesn't exist unless you admit to tax evasion.
- Peekaboo James
  Most of y'all are probably too young to catch the slur. I ain't typing it out.
  
  A lot of us spent an unfortunate amount of time on 4chan, you may be surprised at how unsubtle it is to most people here
- YOO WTF he just straight going with full on unedited racist slurs now?! God I hope his Secret Service detail is making bank.
WITCH HUNT!
-Rapist with a half billion judgement against him
- I think he mispelled "Bitch Hunt." Must be
So when does he go to jail for failing to pay millions? Why should I pay anything I owe?
- Because you don’t have enough money to juggle several cases and appeal to prolong them until after you die.
  
  It was rhetorical. But, apparently neither does he.
- I'm not sure, "bring back debtors prisons," is the takeaway here.
  
  I think we can make an exception.
*
- It laughs with me, not at me.
When Trump gets really desperate he usually commits a bunch of crimes. I wonder what’s going to happen in the next week, and what we’ll hear about a couple months from now, and how the trial will go in 2032.
The going price for the 2024 election is $464M. I hope not... But I bet somebody will pick up the tab.
I wish he would just die
- No, that would be letting him off the hook too easy. i wish he had to answer for his crimes and die at age 105 in jail with not a single dime to his name, with mandatory daily therapy sessions so he can start recognizing the damage he's done and feel remorse.
  
  I don't really care if he got "off the hook" if that happens because he's dead.
  
  More importantly, it let's other people like him get off easy if he isn't convicted to set a precedent. I don't care if he lives or dies. I care about the rest of those snakes.
  
  With the threat he poses, I'm fine with that. Pay him millions to go to Russia if it means he drops off the face of the Earth with regards to socials and politics.
  
  Remorse would be fatal to a man with that many horcruxes...
- I'd rather he had a Game of Thrones-esque ending before that eventuality happened. He should watch everything he ever got in life get torn from him bit by bit first, before having some totally mediocre ending on a toilet seat shitting himself.
  
  That is how I felt about the game of thrones ending, I loved that show and the books and the I watched it all get torn away by the writers in the last season and felt like I died alone shitting on a toilet. You're right, that would be worse.
Of course he cries election interference, but just a reminder that Donald Trump could have taken a few years off of campaigning to spend time to properly defend himself in court and then run again when it was over. That was always allowed. But we all know why he insists on running right now despite the mountain of felony indictments against him. He knows he is going to lose every court case because he's guilty as fuck and wants to use the office of president to wash away these crimes he committed with a self-pardon.
The very fact that he can't post bond is proof that he is at the end of his rope. Time to pay back all the money you defrauded the people of New York, Crooked Don.
Poor guy, I feel really bad for him. Sure hope nothing else happens to ruin him. It'd be really bad if he was forced to go to jail too. On the bright side, at least he'd match the jumpsuit. Maybe he could write a script about his poor, difficult life and call it "The Color Orange."
- Nah, call It "My struggle"
- The last time a guy wrote about his "life's struggles" in jail, not long after a failed coup, things didn't turn out so good for us. Lets not give this magalomaniac any more ideas or access to writing materials if he ever sees the inside of a jail cell.
  
  That's right. No crayons allowed in his cell
- I'm sure people have been making "orange is the new black" jokes for a while now.
  
  Yes, after Obama. However the color purple, switched to orange due to persuction is new to me.
- If the script includes how he gets discriminated against unfairly he could steal the name Orange is the new Black
It's a good news, bad news situation.
Good news. Trump completely loses his mind, is so stark raving bonkers that he is found unable to stand trial due to mental incompetence.
Bad news. GOP runs him anyway because he hasn't been convicted of anything
- He has plenty of other trials going on, including the one in Georgia and the Federal one.
- Best news: I was afraid the GOP would bail him out and he'd suffer no personal consequences... it looks like the conservative billionaires told him to get fucked.
  
  The funniest thing about Trump is that he was always desperate to be part of the Manhattan elite. He was once given a golden opportunity to get in good with them, and he blew it through his own stupidity, greed, and arrogance.
  https://www.forbes.com/sites/michaellisicky/2020/10/03/how-donald-trump-took-down-bonwit-teller-a-fifth-avenue-landmark/?sh=34bbe2905f69
  There's a guest appearance by John Barron.
- Simply lovely
- I wonder what/how many drugs he's taking to keep his blood pressure down and keep him alive.
  
  Hopefully, not enough.
  
  Adderall, ephedrine, diet coke, regular coke, hamberders, no sleep.
  “Healthiest President in history” - Ronny “coke ‘n hookers” Jackson
The sad news is that this is relatively sane compared to the water-defeats-magnets or the they’ll-rename-Pennsylvania-if-you-don’t-vote-for-me rants, just in the last couple of weeks.
His loss of great sums of money has likely sharpened his demented dysphasia temporarily.
Not that Oklahoma or South Carolina will not vote all out for him. Reality isn’t relevant to them.
This is a perfect time for the people that have quietly tolerated him to do nothing.
I'm a little worried this is going to galvanize his base, but it is still deeply satisfying to watch his life collapse around him, especially knowing that the criminal trials haven't even started yet.
- We have to get beyond the fear of pissing off his base. The sooner we do it the better. This shit head should have been held accountable years ago, but we were worried about his base, now look at the mess. It will only get worse. Its time to get to work.
  
  Yeah, I didn't say don't prosecute him, I said I was a little worried it might galvanize his base. It also might go the other way; it makes him look weak, and authoritarian strongmen can never look weak, plus it really dispels the myth of his vast wealth. But either way, pointing out this may be beneficial to Trump's campaign doesn't mean I said the civil/criminal trials against him should be dropped.
- We're not gonna see the criminal trials before the election.
  Now if he doesn't win, oh baby it's gonna be juci
- It should and this whole situation should make you mad too if you were objectively looking at what is happening. You guys are fucking all of us.
He should borrow vast amounts of money from his loyal supporters: "Empty your lifetime savings accounts, I promise I'll pay everything back with interests!".
Then we'll see how much his followers really trust him when they need to put their own future on the line...
- I'm not sure if this a joke or not but he has already been doing literally exactly that for like, the last 7 or 8 years.
  
  Was he not describing his fundraising as donations so far? You donate money you don't think you need at all. But you should be able to lend money you don't need in the near future. I would bet some of his "loyal" supporters would start to doubt if they were asked to lend too much of what they own.
Great assets. Great, great assets.
good
LOL out loud
- I'm also LOLing out loud
Russia if you’re listening… 🙏
- Quit reposting this.
  
  I still don't know WTF he's actually talking about...
- You don't have much of a grip on reality do you?
- It's not about the money, it's about justice. And he's about to feel some in the wallet.
  But yes, of course you see no problem with a convicted fraudster and rapist being president. Party of family values, laws, and justice my ass.

117 comments