Trump Offers Court a $100 Million Bond to Pause a $454 Million Judgment
nytimes.com
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 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.
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.
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!
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.
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.
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.
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.
💁♂️ 🦋
Is this the Art of the Deal?
The Fart 💨 of the Meal
Goddammit I had my mouth open and everything
Did you enjoy it?
You could have warned me, I didn't save room for dessert!
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”
😂
Your emoji meme amuses me.
Once a deadbeat always a deadbeat.
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 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.
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.)
I do not
What do you think would be a good use for the buildings they are almost inevitably going to seize?
Florida Man who claimed to own billions loses court case and is too poor to pay what is ordered, begs court for mercy after complaining judgement is too harsh.
Can the court ask him as a bail to postpone any public office bid?
After swearing under oath that he did in fact have the money
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.
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.
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?
https://www.forbes.com/sites/michaellisicky/2020/10/03/how-donald-trump-took-down-bonwit-teller-a-fifth-avenue-landmark/
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!
Wow, I didn't know that. So sad.
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!
https://youtu.be/RVnoc-ISUag
When he gets caught it's like a 3 year old who knows mommy won't spank him.
Gish Gallop is the term you're looking for.
Thank you. As often as I hear these terms, I still confuse which one is called what.
You're welcome!
Do you have a good way to keep these rhetorical techniques and/or logical fallacies straight? I often find myself in situations where I can describe them but not be able to connect each one’s proper name, even though I’ve tried to commit them to memory. It’s very frustrating and embarrassing.
I've just seen a lot of them. For me, it's about understanding the motivation and technique of the person doing the bullshit. As well as the reason for each name.
A Gish gallop was named after an actual politician named Gish who would famously continue to say ridiculous things until he overwhelmed his opponent.
Sealioning was named after a popular comic taking a random topic of sealions to describe the rhetorical trick of continually asking for proof or evidence of obvious things, or of an intentionally wrong version of an opponent's argument, until the opponent is frustrated into quitting.
Straw man is related to the idea of a literal straw man / scarecrow, an intentionally false and weak misrepresentation of an opponent's argument. Something that seems real from a distance but isn't an actual threat and can be easily pushed over.
Reverse cargo cult is a complicated one that requires reading a couple of articles about what a cargo cult is (a real sociological phenomenon). But the gist is someone arguing that there's no such thing as truth, everyone lies, trying to change things is futile, and anyone who seems to be trying to do good is actually lying.
There's plenty of other tricks that don't have popular names (yet) and the best you can do is to describe them. But the first step is recognizing what the other person is trying to do.
Isn't it wonderful we live in a world with so many differnet words for lying about politics?
[sarcasm]
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.
3,000,000 in the US. Most of those were in red states.
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.
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.
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.
🍆💦
When will he learn that this is not one of his crooked deals, but a "pay up or shut up" situation? I hope he'll have to sell his real estate pennies to the dollar.
What will happen if everything is sold and he is still in debts?
You've never been a rich privileged white man I see. Trump's only thoughts are "surely this can't be fair, there's gotta be something we can do to come to a better agreement" and he'll continue to be flabbergasted by any other result because he's never had to deal with real consequences in his life.
Learn? Trump has a handful of actions that he repeats since it's work his whole life, sue, whine loudly how badly he's treated, threaten, commit large amounts of fraud like it's going out of style. Hopefully he'll finally have reprocussions in action (know we're waiting on time while he is supposed to pay) but I doubt he'll actually learn, he'll just go back to his whining.
I always thought if it was a fighting game sue would be his default attack button.
Specifically pennies to the dollar on their real, not fraudulently over-inflated worth.
It's his standard operating procedure: offer a down payment and get the goods, then skip town and never pay the rest. Only I don't think it's going to work out for him this time...
If he actually skips town I for one would be very pleased with that outcome
Seems like a good deal. A few million dollars in exchange for Trump to fuck off to Russia, never to step foot on US soil again.
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.
There should be zero leniency for Trump. Make him sell those hotels at a loss if necessary.
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.
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?
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.
Art of the Deal 🤣🤣🤣
Just like in monopoly he can just mortgage a hotel. He's a billionaire, right??? 😏
Pathetic loser
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.
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!
"Hey Donnie, why don't you go back to Florida..."
Pea brain Trump can’t math 😂
Good. I love to see him wince. If he has to liquidate everything penny to the pound, even better.
I wonder how much working capitol him that would leave him with.
Please don't let him near the capitol.
is my toast burning?
He's gonna come back and deal a huge blow when he eventually is elected this November, don't know how we all gonna handle this crybaby...