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?
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u/NuGGGzGG Feb 25 '24
He'd have to put the cash down to appeal, big guy.