It’s pretty clear he doesn’t have the cash to pay the judgement in full, and will need to sell illiquid assets at a discount in order to pay the full amount.
I hope Leticia James has a really good response to this.
*Letitia, and yes she does
Dafuq? I’ve been reading her name as Leticia all this time. It’s like when I found out, after years of reading the name, the the CEO of ULA is named Tory Bruno, not Tony.
So, uh… When’s the last time you got your eyes tested?
Hey, I’m a Tony and spent yesterday trying to figure out why I was invited to a random one-on-one.
Apparently it was meant for Tong.Ahh, the meeting’s all gone Pete Tong
Of course she will write the strongest one possible, but this might be a case where her response isn’t really that necessary except for procedural reasons–the judge is going to quash this anyway.
I want them to seize the Trump tower and turn it into low-income housing and a job training/community college with whatever liquid assets they do squeeze out of him. Use the disgorgement to help the people of New York have better lives.
His solid gold penthouse could be broken down for some Cash 4 Gold.
They could fund the community college in perpetuity if they auctioned off all his gaudy crap to his cult.
I do not
What do you think would be a good use for the buildings they are almost inevitably going to seize?
Turn it into the Michelle Obama Immigration Assistance Center and Abortion Clinic
Change it to Alice Paul and we might have something going there. (But housing, job training, and education are some of the most needed things in low-income communities.)
https://en.wikipedia.org/wiki/Alice_Paul (Of note, Alice Paul was against abortion as were many of the suffragettes as they viewed it as a form of exploitation. However, her legacy as a leader in the women’s rights movement and in nonviolent protest are very important to world history as a whole. There is some debate about this, but it has been claimed that Ghandi kept correspondence with her and learned from her example of nonviolent protest.)
Delaying hoping he gets back in office and can somehow affect the justice system to prevent the ruling.
That’s not how it works, Donny Boy.
Well, it better not be. I suspect the outcome of this election is going to determine how a lot of things work.
Seriously. It’s not so far out of what he’s already done, to claim that the president actually owns anything that is federal property, and then sell some off to pay those debts to the states.
LOL I love the idea that you can negotiate here. It’s pretty clear that they really don’t understand the ramifications of what has happened.
When Trump was first elected, it was clear that they never actually planned to win and govern. They had no plan, no staff in place, nothing. They literally didn’t understand that you needed to do that.
If Trump had just stayed a celebrity real estate agent, nobody would have paid much attention to his business dealings. It’s clear that they didn’t understand that life would change after becoming a political figure. The same keeps happening–they can’t seem to get that he’s not a private business person whose dealings are opaque.
That’s what kills me. This guy could have lived out the rest of his days banging pornstars and defrauding investors and no one would have raised an eyebrow until the posthumous Netflix documentary, but no, he had to go and accept the most public job in the country.
He chose this.
If Donnie had just stepped back and let Fauci and the professionals take over, he’d have won 2020.
Heck, he could ahve extorted billions out of the Saudis just by suggesting he might change US policy.
All his failures are about his pride.
If he had the capability to put competent people in positions and then let them do their job, then he may have been a successful President instead of a raging nuclear tire fire.
Literally all he had to do was start selling red MAGA masks. Instead he encouraged millions of his supporters to avoid quarantine, dont wear masks, and take homey cures and it cost him the election. Wonder how many of the hundred thousand plus COVID deaths in Georgia were Trump supporters?
3,000,000 in the US. Most of those were in red states.
My favorite Trump story. tl, dr is Trump was given a golden opportunity to impress the Manhattan elites and pissed it away through his own greed, arrogance, and sheer stupidity.
Also, John Barron makes a guest appearance!
We all love a chance to hear more from Mr. Barron!
If I had an interview with Trump, I wouldn’t go after his big lies. I’d keep hammering away at all the little ones.
“Who is John Barron?”
“Who were the detectives you sent to Hawaii to investigate Obama’s birth certificate.”
“Why did you say you had walked in on the Miss Teen USA contestants?”
This are three that instantly come to mind, but I’m sure I could find hundreds more
I feel like anytime he’s face with facts, he changes the subject and starts rambling again.
Sea lioningGish Gallop I believe it’s called. Multiple reporters have tried to do what you suggest, but mostly it’s futile. His brain only knows how to construct incoherent rambling and insults.One Axios reporter did do a good job once though iirc.
Edit: Gish Gallop is the term I was looking for, as gracefully pointed out below! Thank you!
Gish Gallop is the term you’re looking for.
When he gets caught it’s like a 3 year old who knows mommy won’t spank him.
Isn’t it wonderful we live in a world with so many differnet words for lying about politics?
[sarcasm]
Wow, I didn’t know that. So sad.
He’s way too stupid to see beyond a day or two in the future, so when covid hit cities and he realized dem voters were dying he came out against any protective measures. He couldn’t understand that it would eventually mean more of his cultists would die off.
I wonder how much working capitol him that would leave him with.
is my toast burning?
Please don’t let him near the capitol.
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Pea brain Trump can’t math 😂
Pathetic loser
Art of the Deal 🤣🤣🤣
We do not negotiate with terrorists.
If only that was said to him.
The only answer.
It’s like someone playing Monopoly who has to start selling hotels and houses to pay off the Street Repairs card from the Community Chest asking to pay $100 instead.
Street Repairs: You are assessed for street repair. $40 per house. $115 per hotel
There should be zero leniency for Trump. Make him sell those hotels at a loss if necessary.
You mean face consequences like a normal person? That’s a nice idea, a completely new concept. Consequences for the rich, how delightful!
Donald J. Trump offered a New York appeals court on Wednesday a bond of only $100 million to pause the more than $450 million judgment he faces in his civil fraud case, saying that he might need to sell some of his properties unless he gets relief.
It was a stunning acknowledgment that Mr. Trump, who is racing the clock to either secure a bond from a company or produce the full amount himself, lacks the resources to do so.
Once a deadbeat always a deadbeat.
…he might need to sell some of his properties unless he gets relief.
I have a smaller one to play for him:
This is glorious.
Show off.
Sometimes 🤷
That looks like a cello to me
Dammit! They assured me at Instruments By The Nanometer that it was the world’s smallest violin!
Just photoshop in a chin rest and nobody will be the wiser.
This is the best summary I could come up with:
Mr. Trump, who is on the clock to either secure a bond from a company or produce the full amount himself, also asked the appeals court to pause enforcement of the financial penalty and a wide range of other punishments the judge levied.
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.
“The exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” the lawyers wrote.
Posting bond for the full amount would prevent the New York attorney general’s office, which brought the fraud suit, from collecting the judgment until Mr. Trump’s appeal is resolved.
As of last year, he was sitting on more than $350 million in cash, as well as stocks and bonds he could sell in a hurry, according to a recent New York Times review of his financial records.
“There is no merit to defendants’ contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount,” the attorney general’s office wrote.
The original article contains 513 words, the summary contains 219 words. Saved 57%. I’m a bot and I’m open source!
I would think Trump, like any organized crime boss, understands the difference between “here’s what I owe you” and “here’s a quarter of what I owe you.”
One results in broken legs, one doesn’t.
Let’s hope the justice system does too.
Alas, it favours rich, white, straight men. He’ll never get the full punishment he deserves. If he did, he’d already be in jail for a long time. I bet you his little tushy would have been massacred if he actually got convicted for all the horrible crimes he committed.
Yeah, I’d love to see him get to face his charges, but I have no hope at all that he will.
My sleepy brain also misread “his tushy” as “your tushy” and stared dumbfounded at this comment for half a minute.
Happens to the best of us, buddy.
