“I would be forced to mortgage”: Trump melts down on Truth Social as lawyers admit he can’t get bond

MicroWave@lemmy.world to politics @lemmy.world – 509 points – “I would be forced to mortgage”: Trump melts down on Truth Social as lawyers admit he can’t get bond
salon.com

Trump fears he may have to "sell Great Assets, perhaps at Fire Sale prices"

Former President Donald Trump lashed out at the judge who imposed a $450+ million penalty in his New York fraud case after his lawyers admitted he was unable to secure a bond to appeal the case.

Trump’s lawyers on Monday asked a New York appeals court to stay the enforcement of the judgment in his fraud case, saying it has been impossible to secure a bond necessary to appeal the judgment after approaching 30 different underwriters.

The former president lashed out at the judge on Truth Social after the filing.

“Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!” Trump falsely wrote. New York law requires a defendant to put up the full judgment amount with interest in order to appeal a civil judgment.

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Maybe he should try “not committing crimes”.

It's more than just not commiting crimes. These are civil judgements, after all, and technically not criminal matters. But at their heart, we will find lots and lots of lying. Lying about his interaction with Carroll, lying about the values of his properties, all very public lies. Lying to the point where, when his lies are exposed, he keeps lying. His dishonesty has no limits.

It amazes me that people admire that.

It's a Catch -22. He's rich, therefore he must be smart. The people who vote for him think it's their fault they haven't got money. They love him because he acts the way they would if they were rich.

I like to read old comics. Pretty much every Superman cover from the 1950s shows Supes doing something that looks stupid or evil. "Why Is Superman Throwing Lois Into a Volcano?" And of course there's always a great reason, because Superman can never be a bad guy.

I actually wrote a thesis on that, the turning point for Superman covers was more in the late 60s, around the time of the Tet Offensive in '68.

Pre-1968 Superman covers:

(1965)

(1966)

Post-1968 Superman covers:

(1969)

(1970)

Yeah you haven't actually said anything here, like if anything post-68 Superman seems more of an asshole here.

That's the point, it turned post '68.

Yeah, but the comment you replied to said he was an asshole pre-68.

Edit: Oh okay, they said from 1950 on, you said the change was 1968 - he was an asshole after then. You were just saying it happened later, I thought it was maybe the other way around or something.

But why?

It's a good question, we'd need to talk to someone involved with DC editorial from back then.

But taking a primary symbol of America and portraying him in a negative light just after the Vietnam war turned really ugly sure seems to have been intentional.

It's important to note that the CONTENT of the book never really changed, just the covers.

You said you wrote a thesis, so I figured you had a theory.

Well, that's pretty much the theory. I don't have the paper anymore it was 32 years ago now...

So you gonna leave us hanging? Why did Superman throw Lois into a volcano?!

A] Alien shapeshifter revealed when they transform to escape

B] Robot duplicate

C] Only way to reverse a magic spell

D] She was pegging Perry White and that shit will not stand.

E] All of the above

He never could get the hang of Thursdays 🤷

I'm loving this new crossover. His cape would have to be made of terry cloth

Sass that hoopy Clark Kent! There's a frood who knows where his towel is!

"I caught Clark Kent listening to Vogon poetry and he didn't even have a minor aneurysm! I think he might be invulnerable."

It really is wild to me how people equate wealth with intelligence. So many people think the biggest dumbasses in the world are literal geniuses just because they got tons of money lol it's crazy.

People don't admire the fact he's a liar.

They admire him because he's a racist, homophobe, and transphobe.

They admire him because he says things they wish they could say without getting yelled at by liberals.

They are okay if he's a liar, sexist, misogynist asshole so long as he's also racist, homophobic, and transphobic.

Don't forget that he also promised them all their wildest dreams if they only bow down and worship him.

The misogyny and sexism unfortunately are also on the other side of that, for more than half the people who follow him. Since some of the women are also conditioned to see that as a good thing. And most of the men, of course.

And a bunch of poor people paying his and his billionaire friends bills for them.

"not committing crimes while being not as rich as advertised"

It's only a crime if you're stupid. Clearly he's too smart to get caught and convicted.

5 more...

But I just saw Bezos’s ex-wife drop $680M to charities like it was nothing. Surely he, as a billionaire, could just drop that money too, right? I mean he only owes 2/3 of that amount, so it’s even less for him.

🤣 What makes him think he'd qualify for a mortgage?!

This motherfucker has never made a legitimate penny in his life and is world famous for not paying his bills. He shouldn't qualify for a studio apartment lease, much less a mortgage.

He's already got loans out on all the properties. There isn't any equity left to mortgage against.

This is it exactly. Idk what he's even bitching about. He has the rnc to pay now didn't he?

Trump nft anyone?

I saw a comment somewhere that claimed the RNC only has like $10 million in funds, wouldn't even put a dent in what he owes.

It's funny how badly he has screwed himself. He's spent decades overinflating the value of his properties and then taking loans and mortgages out on them and using that to claim he's a billionaire. Now the courts used his own claims of how rich he is to issue a fine and he's struggling to pay it because his actual net worth is a tiny fraction of what he has claimed it is. He's basically created his own personal sub-prime mortgage bubble and it's teetering on the edge of collapse now.

The funny part is that he could have just kept getting away with it until his brain finally strokes out, but instead he decided that he would rather destroy US democracy instead of just living out his life as a rich old man.

I almost feel bad for the banks about to record a default on all his properties, since the courts get first dibs on them.

I don't, though.

If you are broke you shouldn't commit crimes. Doesn't he know how capitalism works? You need to be RICH to be immune to the law.

Maybe he should have stayed a fat billionaire a**hole who puts his name on everything and doesn't get involved in politics.

Ego is a hell of a drug. Obama destroyed Trump and our supreme court with one joke.

Problem is, he never was a fat billionaire asshole.

He was a fat millionaire asshole pretending to be a billionaire (if even that, considering his debt).

Which is especially counter to his claims to be a good businessman considering he would have easily become a billionaire if he just invested his heritage in something like S&P 500 instead of playing mogul.

Seriously. Fred Trump gave him a platinum inheritance of varied real estate, but Donny had to prove he was better than daddy - and blew it on decades of high profile prestige projects and bad investments.

There are a lot of dumb old money inheritors who are smarter than Trump because they trust their financial advisors.

Donald is a fuckup who failed to sell steaks to Americans.

Imagine failing to accumulate money owning a casino. People literally come to give you money. Now imagine failing even with Russians piling dirty cash through the doors. That's Donald.

Four casinos. He bankrupted four casinos between 1991 and 2004. One of them twice.

Either spell out "asshole" or use another word. This isn't us cable TV.

"Nobody has ever heard of anything like this before."

Except when you had to do it twice already for the E. Jean Carroll appeals...

This is fantastic, this is one of the most unabashed takes I've ever seen.

I mean, it's just describing pure schadenfreude. It doesn't speak to how deserving the victim is. It could easily be interpreted as a defense of Trump, in this context. Given the upvotes, though, I don't think that's where people are going with it.

"I may be forced to face minor consequences for my actions."

Fixed that headline.

Dunno man, these seem like pretty major consequences to me.

For anybody else this would be a bloodbath.

He deserves worse, though.

Agreed. Finally some consequences proportional to one of the crimes he has committed.

"Great Assets" sounds like an in-house walmart brand.

or maybe k-mart's in house brand knocking off walmart's inhouse brand.

How sad. A supposed billionaire force to mortgage for a piddly $450m. I suppose it will teach him that honesty is the best policy🤭

I wish I shared your optimism that this narcissistic fuck has even the slightest hint of introspection.

Good. I hope he gets to watch every square inch of his pathetic 'empire' burn before being hauled off to prison.

"Falsely wrote" is close, but the correct verb is probably "lied."

Is not having $450 million going to hurt his appeal that he wasn't lying about having billions?

Where is Alanis Morissette when you need her.

Only if the buildings are not already leveraged to the hilt. This could very well be a domino that causes all others to fall.

I all but guarantee he's underwater on at least a few of them. If he's forced to divest, he may actually lose money.

The weird thing about it is like, of course you have to mortgage your property? What was he trying to secure the loan with, his good name?

Implied future promises when he is president. But mortgage means the mortgage broker gets dibs on the property.

He probably used loans with the real estate as collateral. But mortgage is very specific. And having a mortgage on a property can mean the other loans that are using it as collateral automatically become due (T&C of the loans apply… but this is a no brainer). And the property cannot be used as collateral for anything else by the mortgage owner.

Isn't he a great business man? Wouldn't mortgaging be something a great business man would strategically do? Surely it's not him lying again. Surely it's not his ego.

Ha! Y'all gonna be eating coal when he art-of-the-deals this money from the great non-people of mexico

If Trump gets elected again (a not insignificant probability), is there a chance he could just absolve this debt by Executive order as President?

In theory, the way the US was set up as a nation, the Judicial branch of the government and the Legislative branch are supposed to stop things like that from happening.

In practice, bribes talk better than speeches or facts.

They're state level judgements, so no.

I mean, that would depend on how effectively he could make himself an absolute dictator.

Looks like we're having a Fire Sale boys. Get your monies ready.

😎👉👉

I don't want anything of his.

If I could buy it in a way that ensures he has a massive loss, I absolutely would. Imagine replacing that gaudy "Trump" lettering with something like "Trans Rights." "Trans Rights Tower," holy hell. A positive message for the world and the Trumpanzees would be utterly enraged.

damn he's uglier and oranger than I remember him

I wanna see him try and sell the property for that 50-100 times more than what the judge said it was worth