Trump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politics

kescusay@lemmy.world to politics @lemmy.world – 384 points – Trump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politics
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Wow, someone actually finally managed to force Trump to pay a bill.

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Someone paid it. Not entirely convinced it was directly from Trump.

It was definitely not directly from Trump.

Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.

Let me save you some trouble:

Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world

Wouldn't be the first time Trump has paid good money for a chubb

Of course it's the Chubb group. Of course. It's funny they are supposedly a huge corp, but the only time I hear about them is when they're meddling and buying politicians

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I wonder what kind of insane terms are on that loan

Not that it would matter. Trump doesn’t honor agreements.

Exactly. So what kind of terms would it take for someone to loan nearly 100m to someone like that?

Well, not financially anyway. Maybe a promise for a future political favor if he wins? Not that I'd accuse a Swiss financial interest of working with fascists...

I think he probably put up a building or two as collateral, kind of like a HELOC. If it's not paid back, they repo the building(s).

I hope they got their own appraiser, because the Trump org is infamous for making up numbers. Better check the paperwork at city hall, too, to make sure there are no undisclosed mortgages, leans, or easements on the property.

An institution capable of making risky loans of substantial size certainly should have high quality risk and valuation assessment capabilities.

I imagine it's fairly standard boilerplate for the situation 'You must install corporate fascism and give me a job with medals and stuff if we manage to lie and cheat you into power again'

so some of us premium payers took the risk, and he could send us a personal letter like he did when "He" sent us Covid Relief Checks.

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Trump's broke. That's why he put Lara trump as co chair and you hear that some ppl want the RNC to pay donnie's bills even though that would mean less money for down ballot candidates. Basically means about a billion needed and it would fuck the GOP in congress. I hope they go bankrupt.

Ivanka fell out of favor?

I think you misunderstood their statement: Trump wants Laura to help him fuck the RNC, whereas Ivanka he just wants to fuck.

some ppl want the RNC to pay donnie’s bills even though that would mean less money for down ballot candidates

The catch is that Trump's a prodigious fundraiser for the party. So not putting Lara on the co-chair spot could conceivably mean she runs of and does independent fundraising at the RNC's implicit expense.

Basically means about a billion needed and it would fuck the GOP in congress.

I hate to say it, but Trump's coat-tails alone are probably worth a billion in GOP organizing and advertising. His base loves him and his name at the top of the ticket will get out far more votes in 2024 than the GOP received in 2022.

Thanks for this nightmare take.

This combined with the inability of the DNC to come up with any sort of unified messaging other than defeating Drumpf is terrifying.

For Putin, a small price to pay if it means solidifying his grasp on American politics.

Someone paid it. Not entirely convinced it was directly from Trump.

Isn't he under financial monitoring due to the NY case? Am I mistaken?

An insurance company named Chubb put up the bond money and they are not under financial monitoring.

https://www.chubb.com/us-en/surety/transactional.html

Yeah so he must have signed over some collateral.

Putin is worth $200 billion. Easily enough to cover all of Donnie's expenses. Vlad wants Donnie in the White House, and will settle for complete chaos in the West. If the GOP collapses, there will plenty of Lorena Booboos running around at the state level. Think of what the real Lorena has done, then multiple by 100.

I mean, he's under serious financial scrutiny right now. Its not clear to me that this would even be possible.

That doesn't necessarily make it public. In the NY case I remember reading that if someone paid the $354m bond even that wouldn't necessarily be transparent as to who paid it.

Sure but there is a court appointed monitor. Like, some one knows who is empowered to raise a flag if its clearly shady?

Right?

right?

Not him personally, but his companies are.

My understanding is that the distinctions are a bit grey insofar as how they are managed, but sure.

Its not clear to me he has any real kind of money laying around at this point. Maybe he does.

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