Trump has been unable to get bond for $464 million judgment, his lawyers say
Trump has been unable to get bond for $464 million judgment, his lawyers say
In a filing to an appeals court, Trump's attorneys said getting the bond needed to halt proceedings while they appeal is a "practical impossibility."
That looks to be a cello or bass.... Violins would have a chin rest.
That’s for a human grade violin. This is tardi grade.
I tried zooming in on the headstock to see which direction the tuners point, but the image is all fucky.
On the shoulders alone, I'd say it's probably a cello although there are basses with round shoulders.
does he not look well rested to you
Unless of course it's made for a tardigrade which, like Donald Trump Jr, doesn't have a chin to make a chin rest at all useful.
“Yoink!”
Now THIS is a meme pic!
Trump and his company need to post a bond for the full amount by next week in order to stop New York Attorney General Letitia James from being able to collect while he appeals.
He doesn't have the cash to pay, so when NY collects, they can start forcing sales on his property.
If he gets the bond, then it just sits there till after appeals. Which would prevent him from selling property he put up for bond, but he'd still own them.
If he misses that bond, the rest of the dominoes will fall like a house of cards. Checkmate
Thanks for the summary, Zap!
Maybe we should start an organization to buy his buildings as a Cooperative?
Back in the late '80s, Spy magazine had a plan to collect donations to purchase a condo in one of Trump's buildings - which they were then going to donate to the outgoing president of the Industrial Workers of the World to retire in.
The fact that no bond companies would accept real property as a collateral for the bond and only liquid or easily liquified assets points to the properties being leveraged to the hilt. If he ends up having to pay even a portion of this and has to start selling properties we should see a true picture of his financial status.
Imagine if he wins the election and is flat broke. He'll auction off everything the US owns in exchange for a cut or finder's fee. And let's not pretend that the emoluments clause actually applies to any of elected leaders.
So if he falls to make bond and the state starts seizing assets, how does that work, exactly? They auction it to pay the lawsuit? What if Trump gets a bite on selling a property intending to make bond but it's a big real estate transaction and that takes time? Will he be allowed to finish the sale before the state seizes assets?
They'd be best to sieze and sell the assets independent of Trump. Chances are he will sell stuff to certain people with Slavic accents, and then we'll have a potential president even further beholden to enemies of the state, which is generally considered sub-optimal.
The government people who are in charge of collecting the dough from this judgment will be wise to the possibility that he may not have a bonafide buyer and that he's just fluffing if he says a deal is about to go through.
Any buyer will know that he's a motivated seller so the offers aren't going to be all that great.
When the government seizes banks that are about to fail, usually they seem to find qualified buyers privately and the deal is over within days.
I have a feeling that because Trump has allowed things to get to this point, the government is less interested in selling at the highest price possible and instead will take any offer that settles the debt.
He won't. I just can't imagine he's not going to find some bad actor to step in before that happens. Possibly SA.
Why would sa make a deal with him? It would have to be secret and there's zero chance he would abide by it later. If he wins and they kill him its a war. If he loses they've bought nothing anyway....
some bad actor to step in before that happens. Possibly SA.
Shohreh Aghdashloo is one of the finest actors of our time. You shut your damn mouth.
Edit: Sorry, I just figured out you meant South America. Yeah, I hate that country, too...buncha jerks.
The other bond companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities),” the filing said.
Perfection.
They won't let him pay with play money anymore.
Oh no, he will have to sell the things he inflatated the price for illegally at actual market price.
Below, hopefully.
The aggression in Liotta’s laugher makes it the most appropriate gif.
PSA: it's not over yet, they have until 25th of March. Don't discard a boatload of rubles showing up on March 24th.
I was curious, so I did the (lazy) math.
1 USD is going for about 90 Rubles currently.
Assuming a Ruble is roughly the size of a USD...
A $1M USD stack made of 100 x $10,000, or 10 x 10 stacks measures 12" across x 13" front to back x approx. 5" tall. That is 780 cubic feet or a bit more than 22 cubic meters.
At $464 USD, assuming 90 Ruples per USD and that Rubles are roughly the same dimension as a USD (464 x 90 x 780 or 22) we get 32,572,800 cubic feet or 918,720 cubic meters.
Cargo ship size is usually measured in twenty-foot equivalent units (TEUs), based on the volume of a 20-foot-long (6.1 m) intermodal container. The internal volume of one of these containers is 1,172 cubic feet or 33.2 cubic meters.
Assuming a standard container size, it would take 28,710 TEUs to move the entire Trump bond via ship. The maximum TEU of the largest container ship listed on Wikipedia is 24,232, leaving Trump 4478 TEUs, 5,248,216 cubic feet or 143,296 cubic meters, and $72M short.
TL;DR: Even with the biggest boatload of Rubles, Trump would still come up short on the bond.
Oh that's my birthday. What a good present to have if Letitia James starts selling his shit then.
Like the Alexander Navalny tower, formerly named Trump tower.
/RemindMe! In 7 days to wish stinerman a happy birthday.
Yeah for real. Putin may be a dick, but unlike Trump he is way ahead in the dictator plays and is estimated to be sitting at well over 100 billion USD. 500 million to bail out the US president who would gladly take the U.S. out of NATO for him seems absolutely reasonable.
That or Saudi Riyal. People are going to vote for this guy?
Aww, that’s too bad.
So anyway, what are you guys up to this week?
Applying for emergency funding grant from my workplace to move back home and get a new home. Things are actually looking pretty good for me after seven months of living a complete and utter nightmare. When I got the news that I will probably be given the financial assistance I finally need as long as my paperwork is in line, I had to step off the sales floor and going to the bathroom and cry a little bit. I had a really good day today.
It’s been A really long time since had something to hope for
Thanks for asking
I'm sorry, so sorry. Please accept my apology 😭.
What's he need a bond for? Isn't he a billionaire?
It says in the article.
Either he starts paying now, or if he wants to pay after the appeal then he has to have a bond.
Yeah, I was just being rhetorical.
Leticia James is a bad ass who painted this guy into a corner. I love it.
I've heard her referred to as 'tish James, which somehow makes her sound more bad ass.
Side note, i recently found out the guy Bill is playing is Matthew Perry's step dad.
Gee, he can't pay for his business fraud judgments with his sneaker fraud or his nft trading card fraud?
What about all the bribes he illegally and treasonously accepted by premiers of hostile countries?
Make him sell off his properties. Turn mar-a-lago into an immigration center
Haha, this is a great idea.
Yesss!
Also every immigrant gets their own golf tournament where they're the only contestant so they win by default.
That would make Trump's win just one of many. I'm certain he would dislike that.
If only he hadn't publicly slandered the same person twice more after successfully being sued the first time.
I missed the sneaker thing, what's that all about?
Dumps showed up at a sneaker convention a few days after receiving his 454-million dollar civil fraud judgment with some boxes of gold sneakers that cost $399 a pair in a typically transparent ploy to cover his costs.
Allegedly, his 1000 "never surrender high tops sold out, though he hasn't paid any of that sentence yet and the thousand available pairs would cover less than .1% of his fines for that single judgment.
Also, a lot of people booed him when he showed up at the convention.
Fox hosts notably thought this was a great way for trump to be "connecting with Black America. Because they’re into sneakers, they love sneakers. This is a big deal. Certainly in the inner city.”
I'm late, but better late than never!
I wasn't sure it would happen, but I hoped.
Now even our Gloriously Orange Saviour's lawyers are spouting FAKE NEWS! Bunch of LINOs!
There's no bond! There's no judgement! Some very smart folks are saying there may not even be a legal system! Have you ever actually SEEN a judge?
Fear not, our Incredibly Patriotic and Stable Genius is still running the show from Truthy Social.
Ok, hopefully that's everyone inoculated.
I need innoculation against Fucker Carlson please.
I think that inoculation caused me to become magnetic.
Quick, take a shower!
Can't he sell platinum Trump steaks?
Russia won't give him platinum, maybe depleted uranium or plutonium though.
Polonium might be more appropriate in this case, however.
Lock him up
As much as I want Trump to be locked up, it would have to be for one of his multiple criminal indictments. Locking people up for not being able to pay fines is basically recreating debtors prisons and is hugely unfair to poor people.
lol, what a loser
Awww, I love this for him. <3
"Unpossible! He's a gabillionaire! Fake News!"
Maybe his daddy Vlad will bail him out.
Oh no. /s
My chuckles will not be contained.
Trump better get to flipping those crusty shoes. 👍🏾
Nothing is ever black and white. This is just a stalling tactic or another attempt to reduce the penalty or mitigate the situation until he's past voting time.
If he wins he'll just wheel and deal to get others to pay for favors. He's not banking on losing.
Yeah, I don't want to be defeatist but he has weaseled out of every single consequence so far.
I'll believe the consequences when they actually happen. And when they do... Oh boy... I might soil my pants!
Consequences are for the poor and unpopular. The legal system is just there to protect the wealthy owners, it's not there to deliver justice.
