Trump ordered to pay full $454 million fraud judgment, but can apply for loans during appeal

vegeta@lemmy.world to politics @lemmy.world – 230 points – Trump ordered to pay full $454 million fraud judgment, but can apply for loans during appeal
cnbc.com

Judge Anil Singh’s ruling in Manhattan Supreme Court allows Trump and his two adult sons to stay in control of their companies while the former president seeks to appeal the massive fine.

The Trumps can also continue to apply for loans from financial institutions chartered or registered in New York during this time, the judge ruled

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Let’s see how much the banks love him now.

Coming soon: a 0% interest loan for 150% of his obligations from a bank owned by a Russian oligarch with a million ties to Putin.

Conspiracy theory I’ll never be able to prove: the new wave of Russian sanctions that Biden enacted last week are an attempt to thwart this outcome.

even if that were legitimately true (and it might well be) would it even be unethical?

Whoever said it would be unethical?

Well, it was initially presented as a conspiracy theory here. So, those are usually unethical.

Honestly wouldn't mind.

If they're wasting half a billion on Trump's legal bills, that's half a billion that can't be spent bombing Ukrainians.

It would be less than that. He needs to post the full amount in cash or a bond for that amount if he can find someone to issue the bond. Bonds are typically for a fraction of the value, say 10%, of the total. So if Trump could find a bondsman who is willing to issue a $454 million bond for him, he'd only have to pay $45.4 million. In theory, he could get one of those Russian loans for $45 million that he'll never have to repay and then stiff the idiot bondsman when he loses the appeal.

He was just found to be lying though his teeth about his financial situation and the value of the things he uses as colatteral.

Even if some bank where to decide to loan him money, the shareholders of the bank might sue the bank. I can only imagine trump is radioactive for loans.

So his only chance would be from personal loans. And how do we feel about a president with massive personal loans to unnamed billionaires.

High risk means high interest. If he can even get a loan, it'll be very steep.

For a possible future president? Likely at 0.0%

They will make their money back in politcal grift later.

this would be the 'misdemeanors' part of impeachment, yes?

Impeachment doesn’t mean anything if there are more than 33 R senators

Third times a charm?

(naw, you're totally right. I wonder if we could generate some kind of AI deep fake of something degenerate enough to get the Pubies on board?)
(maybe... an AI deepfake of Mike Johnson getting freaky with, ah... somebody or something. Then try 'maga2020' on trump's truth social account and drop it that way... or maybe it's 'maga2024'? Oh, he's screaming, so it's probably MAGA2024)

Nah he will try to value his estates at several billions, making him more than good for it, and hope to get the loans dirt cheap as he always has done.
Like when right outside the court he slandered Jean Carroll again, just after being fined for it!
IDK if he is stupid enough to do that, he might instead value his underpants at several billion, and hope some bank will buy it.

At least all the banks now have real valuations on his properties out in the public record now thanks to court and the court appointed monitors.

Nonono, that's just the valuation for authorities. The valuation for banks is way higher, especially if it's a nice sunny day.

Hey, at least the banks can verify if his underwear is authentic or not by the shit stains 💩

US banks have refused to do business with him for decades; that's why he had to turn to Deutsche Bank in the first place. And when they balked, he had to turn to the Russians and Saudis.