KEY POINTS
- Donald Trump should have pledged real estate to the courts if he were “truly unable” to secure a bond, the New York attorney general’s office said.
- Instead, Trump claimed it was “impossible” for him to get a bond using his properties, but did not provide any hard evidence for this, the AG’s office said.
Donald Trump should have pledged real estate he owns as collateral against a $464 million business fraud judgment if he were “truly unable” to secure an appeal bond for that amount, the New York attorney general’s office said in a court filing Wednesday.
Trump also failed to provide evidence supporting his claim this week that it was “impossible” to obtain an appeal bond by using the properties as collateral, a lawyer for AG Letitia James wrote.
“Defendants supply no documentary evidence that demonstrates precisely what real property they offered” to potential insurers," wrote Dennis Fan, senior solicitor general in the AG’s office, in the filing to Manhattan appeals court judges.
Nor did they report “on what terms that property was offered, or precisely why” bond insurers “were unwilling to accept the assets.”
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.
Truth and well said.
Fingers crossed 🤞
I don’t drink, but I’ll pop champagne on that day.
I would break my 4 years of sobriety to celebrate that.
Congratulations on your sobriety
Thank you, and to be completely honest I wouldn’t throw away my sobriety on Trump. I am enjoying life sober to much to go back.
I can’t even believe I’m about to say this, but oh well: it would be the more merciful option to the whole planet, including himself. Yes, himself, because behind every bully, narcissist, sociopath, megalomaniac, is a miserable, bigot, supremacist, is a very miserable, frightened little inner child that relives the hell they have built to insulated them from the hell they experienced, and project on the world as punishment for allowing that to happen. That is irrespective of privilege, which the inner child may not have the ability to recognize. Until we, as a world collective do the hard, dirty, bitter work to address conditions that breed despair, irrespective of class, race, gender, or privilege to address that, the cycle will repeat itself. I don’t have all the answers, maybe not any. But it’s going to take healing ourselves individually, as family units, as communities, nations, and finally, global citizens. We are humans and we will have setbacks and failures. But I think it’s possible.
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.
So nice of him to set a legal precedent for us to get the rest of these rich assholes.
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.
But let’s go ahead and let them spend all they have to be safe. :D
Every little helps!
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.
Hasn’t he already done that? Its not like this would be his first bankruptcy.
Bankruptcies come in 7s
He’s very experienced in declaring bankruptcy.
Yeah, he did so … with a casino.
Arguably the easiest business to turn a profit, since it prays on peoples vices.
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.
Trump in court is like Sideshow Bob in a room full of rakes.
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?
the dumb one
You’ll have to be more specific.
The less coked up one
The one with Trump as his last name
Yeah, that seems like the mostly likely route to him actually experiencing consequences.
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?” 🙃
I think the useful idiot has been viewed as no longer useful.
Putin says Biden is predictable. Drumph is now over leveraged, probably always has been, but I’m not sure anyone realized just how much. You can’t use kompromat against him effectively if everyone has it.
I’m also sceptical of Alexander Smirnov and how he was burned. It just crumbled too smoothly, as if the operation was over, not that he was caught.
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.
only total morons believe anything that comes out of that mouth
Well, a Ponzi scheme simply stops working at some point. That’s why it’s a scam and not a legitimate business model.
So what is the timeline for this? When is all his property out of his hands? I wanna see him get a job.
Can he ask for some kind of emergency injunction to an appeals court if she orders his properties to be sold off to cover it? I’d be really surprised if that wasn’t the case.
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