New York Attorney General trolls former president as interest starts accruing on monster judgment
  • @Midnitte@beehaw.orgEnglish
    5•4 months ago

    Couldn’t happen to a nicer guy.

    The ruling also bars him from using the NY banking system so he can’t use it to get a loan for the bond.

    Will be interesting to see how he pays the bond - does he front his own money, does he somehow get a loan with insane interest?

    Hate to see it

  • @blindsight@beehaw.org
    5•4 months ago

    The article says he has to pay the debt or get a surety bond to launch an appeal. I didn’t know what a “surety bond” was, so I looked it up:

    It’s a guarantee by a third party to pay the debtor’s debt if they default. Essentially, Trump would need to convince someone to be on the hook for the entire amount if he defaults, or pony up the full value himself.

    I don’t think he can do either easily in the 30-day time limit, can he? It’s not that easy to liquidate assets, and only a fool would offer home a surety bond.

    It’ll be interesting to see how this plays out.