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.
We do not negotiate with terrorists.
If only that was said to him.
The only answer.
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.
💁♂️ 🦋
Is this the Art of the Deal?
Your emoji meme amuses me.
The Fart 💨 of the Meal
Is the meal in this case a Big Mac with extra ketchup for throwing?
“There was ketchup dripping down the wall and a shattered porcelain plate on the floor,” Hutchinson testified, noting that aides nearby conveyed the president was “extremely angry”
😂
You could have warned me, I didn’t save room for dessert!
Goddammit I had my mouth open and everything
Did you enjoy it?
Pathetic loser
I hope Leticia James has a really good response to this.
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.
*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.
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
So, uh… When’s the last time you got your eyes tested?
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:
Show off.
Sometimes 🤷
This is glorious.
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.
I wonder how much working capitol him that would leave him with.
Please don’t let him near the capitol.
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
It’s even better. The court-appointed special monitor Barbara Jones now has the power to start seizing assets until he meets the requirements to have an appeal. And, the interest meter is running, at $3mil/month.
Basically, he needs to pony up the money. Period. If the Appellate Court finds Engoron made his judgement beyond reason, they would then go through another process to determine how the courts would pay back whatever is necessary.
He’s fucked.
Better still, is he swore under oath to having $450 million in cash. So if he says otherwise he then opens himself up to charges for lying under oath.
This has to be the best thing Trump ever did. His appearance in Kevin in New York was shit, I’d rather drink from the toilet than watch the apprentice, but this here, this is hilarious. In a way I don’t want it to stop, but then again I want to see him behind bars and his goons wallow in their own tears. This is just epic. I’ll gladly subscribe to any streaming service that makes a documentary about it. Even Disney.
🍆💦
Without a stay, Mr. Trump’s lawyers warned, he likely would have to sell some of his New York properties “under exigent circumstances,” in what would be a punishing blow to the former president.
Oh no! It’s almost as if he will have to face negative consequences for his actions.
Anyway, did anyone see the Charlotte FC game last Saturday? That was a killer goal scored.
Right? My first thought was basically “oh no, it’s the consequences of your actions”, which is probably a first for the former rapist in chief.
Did you see that ludicrous display last night?
What was Wenger thinking sending Walcott on that early?
The thing about Arsenal is, they always try to walk it in!
The thing about Arsenal is, they always try to walk it in!
The thing about Arsenal is, they always try to walk it in!
Punishing blow… like some sort of punishment. Oh wait, that’s exactly what it’s supposed to be for fraud. Pay up or straight to jail.
And all these assets are most likely already leveraged to the hilt.
Oh stop it. You know how I get all hot and bothered when you talk dirty.
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?
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 lioning 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.
Isn’t it wonderful we live in a world with so many differnet words for lying about politics?
[sarcasm]
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.
Wow, I didn’t know that. So sad.
3,000,000 in the US. Most of those were in red states.
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.
It’s like someone playing Monopoly who has to start selling hotels and houses to pay off the Steet 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!
Pea brain Trump can’t math 😂
