Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say
fortune.com
New York AG Letitia James has said that she will seek to seize some of Trump's assets if he's unable to pay the judgment.
Donald Trump’s lawyers asked a New York appellate court Wednesday to halt collection of the former president’s $454 million civil fraud judgment while he appeals.
Trump’s lawyers said in a court filing that he is prepared to post a $100 million appeal bond rather than a bond covering the full amount, which would have automatically paused enforcement.
They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.
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If he can't loans from "shithole" states like New York, why doesn't he get loans from red states? Are they poor or something?
The ruling prohibits him from applying for loans from any institution “chartered or registered with the New York Department of Financial Services.” New York City is a global financial hub, so the registered clause is going to affect many banks that are headquartered outside of New York.
He is probably waiting to see if his fan base actually raises all the money on gofundme.
How is that going btw? Did they ramp it up to the required $12m a day?
I dont believe so no. Honestly don't follow it because it just makes my blood boil.
I am blessed by not being an American, so no blood boiling due to that. Russian by birth however, so plenty of other reasons to freak out in the fucked modern world...
Probably tapped out
Whose going to loan someone money now?
If he gets a loan, it’s almost certainly a bribe.