Panic mode sets in for Trump as he faces deadline for massive bond | CNN Politics
Panic mode sets in for Trump as he faces deadline for massive bond | CNN Politics
Former President Donald Trump is in panic mode as the deadline approaches to secure a half-billion-dollar bond to appeal his civil fraud case in New York, according to multiple sources familiar with his thinking.
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I won’t get my hopes up until after
Even if it all goes as it should, and he sees at least some consequence, it's a travesty that it took so long. Even if he was behind bars today, the damage to what passes for justice in the US is done.
Rich people are above the law.
I hear they’re tasty though, well marbled and tender
This is at least a case his Supreme Court can't interfere in.
Tribunal of Six
hold my beer I LOVE BEER
I'm glad his supporters have given him all their money at this point. Nowhere for these fuckers to go to beg for money except the very obvious and illegal sources which will land his ass in even more hot water. Agents of the court are all up in his banking business, and he can't work his way out of this one without getting caught red handed doing something...hopefully.
The only reason he’s gotten away with it so far is that people thought he was rich. But since it’s all loans, it turns out he’s not. As a result, he’s starting to have to play by the normal people rules, and that’s going to suck for him.
Shortly before 6:30 a.m. Tuesday, Trump took those grievances public, posting on his social media platform eight times within two hours about the deadline, arguing that he shouldn’t have to put up the money and worrying that he “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!” the former president wrote.
I was really hoping for the Chewbacca Defense to make an appearance towards the end there.
"They made Han Solo sell the Millennium Falcon too, yeah, that's right! He got sued by some tentacle-haired flunky and he had to sell it to that woke "Ray" kid for peanuts. What kind of name is "Ray" for a girl, anyway? It's way too butch, if you ask me. They won't like me saying that, but it's true....
How does a civil suit by a state, NOT federal, against your company that has been conducting fraud in said state for YEARS, being held accountable [finally] somehow equal election interference?
Unless you were going to use those properties to either gain some kind of advantage in the election, or to enrich yourself with foreign influence dollars post election. 🤔
Perhaps. But I think there's no point in even trying to make sense of his bullshit like that, because it ignores the fact that he is bad faith.
No I didn't mean to say he is operating in bad faith.
I mean everything he does, says, his whole persona, everything about him, near him... His entire existence. It's all bad faith lol. He is the walking embodiment of bad faith.
He makes ever more outrageous claims and repeats it until people are talking about it. It shocks, it puts you on the defensive. It confuses and confounds. It dominates.
It's not a denial or brilliant logic. It's a power move of crude, clumsy, brute force. It's breaking the whole game of statements and denials and counter claims and all that. It's like playing chess and suddenly breaking your opponent's arm and pissing on them.
Because he's too pathetic and stupid to do anything calculating, deliberate, and complex. But the tactic is effective just like some brainless water buffalo stumbling around kicking the heads of predators purely on instinct is effective.
So the shit spewing from his head hole isn't about whether it is true or to be made sense of any more than the mindless flailing of some dumb prey animal is to be analyzed for its Karate technique.
... arguing that he shouldn’t have to put up the money and worrying that he “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.”
One, they've had plenty of time to gracefully liquidate assets necessary to meet this bond. Surely they could have entered into sale contracts that were contingent on the outcome of the civil trial.
Two, at this stage, the value would not simply disappear; it would be put into an escrow for the bond. Should the appeal be successful, that bond amount is returned.
But why would they need to sell these properties in the first place? Why not just use the properties as collateral for loans, and use the loan value for the bond (and then payment of the judgment when the appeal fails)? Because there's already loans out there that use the properties as collateral - and based on the judgment, probably at highly inflated property values. They can't get loans against the properties. This is what Cohen means when he says "leveraged to the hilt."
This all means that even if the properties get sold, there's little to no equity left in them to use as funding for the bond. I'm willing to bet that Trump's panic is not at all about having to pay the bond amount, and has everything to do with the truth of his actual value being revealed.
So, he's desperate because the whole charade is starting to collapse. Interesting.
Kind of like those movie set facades.
Yep ...there's no way he's got 500m or more in equity anywhere even mal.
Rnc coffers are next.
Let the ketchup hit the wall, Let the ketchup hit the wall….
Let the ketchup hit the tsss tsss
WAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!!!!!!!!!
ONE got no cash to give
TWO got no cash to give
THREE got no cash to give
Leticia James isn't buying it. “There is nothing unusual about even billion-dollar judgments being fully bonded on appeal.”
This is the best summary I could come up with:
Former President Donald Trump is in panic mode as the deadline approaches to secure a half-billion-dollar bond to appeal his civil fraud case in New York, according to multiple sources familiar with his thinking.
Privately, Trump had been counting on Chubb, which underwrote his $91.6 million bond to cover the E. Jean Carroll judgment, to come through, but the insurance giant informed his attorneys in the last several days that that option was off the table.
The presumptive GOP presidential nominee himself has become increasingly concerned about the optics the March 25 deadline could present – especially the prospect that someone whose identity has long been tied to his wealth would confront financial crisis.
Shortly before 6:30 a.m. Tuesday, Trump took those grievances public, posting on his social media platform eight times within two hours about the deadline, arguing that he shouldn’t have to put up the money and worrying that he “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.”
“President Trump has filed a motion to stay the unjust, unconstitutional, un-American judgment from New York Judge Arthur Engoron in a political Witch Hunt brought by a corrupt Attorney General.
But his lawyers told the New York appeals court on Monday that he has approached 30 underwriters to back the bond, and the former president himself said on Truth Social he thought it was “practically impossible” for him to post the amount.
The original article contains 638 words, the summary contains 249 words. Saved 61%. I'm a bot and I'm open source!
It would be hilarious if they end up going after Trump Tower, his penthouse appartment and Mar-a-lago first.
And evicted his ass. Put Trump on the street!
Nothing is going to happen. Some court/judge will step in just before the deadline, says this needs a stay despite the lack of an official appeal request from the defendent. It will need a close examination due to "the historical nature of the case" or some such bullshit. Schedule a review date in October 2024, which will get rescheduled to 2025 because reasons. Then Trump will go spouting everywhere that he beat the courts and "won" his case.
This guy is part of the protected class, for whatever reason.
I hope I'm wrong. But I know, deep down in my plums I'm right.
LOL, that's not how any of this works. Judges don't get out of bed in the morning and go looking for cases to fuck with. And this case is over, it is no longer in front of any court.
Even if you somehow don't believe that, Trump sure does. Why do you think he lashing out and shitting his pants?