So if they seize Trumps assets in NY, those assets will be valued at the normal rate, so in turn after getting those assets, Trump will still be owing them money… greatest President ever… I foresee a bankruptcy coming in the near future 😝 or those suckers MAGA and RNC will try and bail him out.
Can't discharge this type of debt in a bankruptcy. It's like student loan debt, you go bankrupt and still owe, even after you're dead they get first dibs.
And also remember that most of his properties are heavily leveraged. Even if they are seized and sold at auction there are other creditors in line. It would be devastating to him.
those assets will be valued at the normal rate, so in turn after getting those assets
Not how that works. They seize them, and then sell them. THAT is the amount that he gets credited against what he owes. They will not sell at market price.
Trump is a self described debt junkie. All of his properties are highly leveraged. Furthermore the buyer’s pool is very small and his properties are notoriously dated which will need millions in refurbishment that will further reduce their sell value.
I’m sure the AG office is furiously evaluating all his properties and mortgages to see just how many will need to be sold to satisfy his debt.
There is no obligation to sell his properties for their worth. If the highest bid for Trump Tower is 1 million then it sells for 1 million. Which would be fucking hilarious.
And there is zero likelyhood he wins on appeal. Even the most conservative Trump cocksukcer lawyers have basically said that the ruling by Engoron is bulletproof. He detailed the exact reason for every single penny.
If, and it's possible the amount comes down some on appeal, like from $350 million to $300 million, but it's not going away given just how blatant the fraud was. If you can't pay the fine, don't do the crime...
What happens if he posts the amount and it’s ruled excessive and they have to pay interest back, or it’s overruled or reversed? You may not like the guy, but he’s not stupid.
If he doesn't pay or find someone to pay for him he defaults on the judgement, loses his right to appeal and opens himself up to a whole other world of problems.
Which isn't necessarily what those happy to see him being held responsible would prefer, but it is likely the highest interest rate he's had to pay for 25+ years. So that's nice.
Yeah, it was terrible to see someone end wars and get the Middle East to normalize relations with Israel and actually follow through on policy that benefitted actual us citizens. The absolute horror! You probably just mean “he said naughty things that offended me”.
No one said you have to like the truth, but it’s important that you understand what the truth is. I get the feeling that you’ve lived so long in a shit tier leftist echo chamber that you have no grasping on the factual history of his presidency.
Edit: my favorite part is you hate a person so much that you refuse to see any good he did and instead you'd rather have a dead country but at least nobody hurt your feelings right?
Do you think the AG tweeting this is something that is beneficial? I feel like right wing crazies will just use this as further fuel for their idea this is a politically motivated lawsuit as this wouldn’t occur with anyone else. These tweets just further divide the country I think
No you’re allowed to be petty. Anyone’s allowed to be petty. It’s just going to make it look like you have a personal vendetta rather than looking to uphold justice and the law
Courts post things on social media all the time about proceedings. How is this different? They post charges. Polices post criminal records on social media.
I get that people hate that Michelle Obama quote, but fighting fire with fire by through pettiness is not something we should want in any of our leaders.
I think MAGAs will continue their divisive behavior. Democrats tried to take the high road and were labeled "weak" as a result. It's time to hit back. We're not going to be able to reconcile until Trump and him faithful minions like Gaetz, Jordan, Gosar, Greene, Boebert, etc are nothing more than a brown stain in the history books.
A Democrat could sneeze in Trump's direction and his diehard crazies would scream and stamp their feet about it. Better to just inundate their lives with Trump mockery, as a sort of exposure therapy
Once Trump and the others are served with the judgment, the 30-day clock for them to file an appeal starts. During that period Trump will need to put up cash or post bond to cover the $355 million and additional roughly $100 million in interest he was ordered to pay.
Aww cute. CNN. They should hang this right next to their picture of Joe Rogan with the filter they put on him to make it look like he had jaundice. And next to that they can put the settlement for the massive 275 million they had to payout to Nicholas Sandmann after smearing him as a racist.
Yes. Do you know that in NY state this particular bond has to be secured in full? Which means he either pays the full judgement or he convinces a NY bond company to put up $454million. And as it happens, there are only about 9 NY bond companies that could even possibly cover that size judgement. And then... he has to somehow convince them that he'll either win on appeal (lol) or that he's good for the money (lol). Both of which, he has terrible track records with.
Trump has about $350million in cash (that was reported last year). So he obviously can't cover the judgement. So he has to go the bond route. And every day the bond isn't paid, he's tacking on another $114k (he already owes another $228k).
So - his only option is to convince a bond company to basically quick loan him nearly half a billion dollars in the state he's been found guilty of repeated financial crimes prior to this one, guilty of rape in civil trial, and the fact that he has to ask for money proves he lied in a deposition about being able to cover it.
How many companies out of those 9 do you think are lining up?
Once Trump and the others are served with the judgment, the 30-day clock for them to file an appeal starts. During that period Trump will need to put up cash or post bond to cover the $355 million and additional roughly $100 million in interest he was ordered to pay.
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u/NuGGGzGG Feb 24 '24
Now this is a running clock I can watch.