Mark Levin said Republican billionaires should support the former president pay the bond for his civil fraud fine.
Fox News host Mark Levin has called out billionaires for not paying Donald Trump's legal bills after the former president's legal team said paying his $400 million New York civil fraud penalty would be "a practical impossibility."
Trump is seeking a bond of $464 million to cover his fines and a stay in the execution of the monetary portion of the civil trial ruling after Judge Arthur Engoron ruled in February that Trump must pay $355 million for committing fraud. The New York court held that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. With interest, the full payment will be roughly $454 million. Trump's lawyers are appealing the verdict.
On Monday, the Republican suffered a setback after Trump's legal team admitted in a court filing that it is a "practical impossibility" for him to make the $464 million payment and requested a stay pending the outcome of an appeal process. His team had contacted 33 companies to try to secure funding.
Being a billionaire just isn't worth it anymore. Nowadays, anyone can create a billion using AI. Sure, real billionaires and billionaire fans can tell the difference, but it's convincing enough that most people don't even care if it's artificially created billions. What's even the point now?
Didn't he already turn a small $1million loan into a billion dollar empire. Surely, he could turn whatever he has now into the small amount of $450 million
Yeah, of course like everything else that lie is also full of lies. The "small loan" was actually 70 million dollars, and then he inherited 450 million on his fathers death. If he had put that in a total stock market fund and done nothing at all, he would have something like 13 billion dollars. Instead, he may or may not have 2-4 billion in total assets.
Not just a billionaire but he testified under oath a month or so ago that he had approximately $400 million in cash so covering the whole thing himself should be relatively easy.
I imagine you probably don't become a billionaire by just letting people force you to pay your "bills," or by following "the law," or by caring about "people," or by responding to ethical "responsibilities."
Probably you become a billionaire by doing the opposite, but idk
"Perhaps a billionaire could imagine throwing away half a billion dollars, but even they tend to want to be paid back. Trump could sell buildings, but commercial real estate is in a slump, so it's not a good time for him to do that.
Elon Musk loves setting money on fire apparently, so it is actually surprising he's not bailing trump out...
The same agencies that forced him to buy Twitter and trump will attack if he gets power.
Musk is 100% dumb enough to foot the bill thinking if trump wins he gets it back, and gets more free reign to do what he wants without government interference.
If he had the money, I legit wouldn't be surprised if he put up some money.
Like, you can't rule out Musk or trump doing something because its irrational. Most of what they do is irrational
Even if this guy wasn’t trying to weasel out of paying a cent, there is some validity to the argument that money in commercial real estate is not particularly liquid.
If it weren't leveraged and/or overleveraged already, he could have signed loans by now that would have paid for it. Haven't we already heard how Maralogo is worth like 1.8B despite being on the tax rolls for 20M? Sounds like plenty of equity there alone.
But the equity in real estate is liquid in the form of security for a bond. What this tells us is that he doesn't have enough equity to cover the bond- in other words he's been lying all along about his wealth. Surprised?
There's no validity to the argument. I don't get a pass on that shit for paying fines or taxes to the government. "Oh, sorry, my money is tied up in illiquid video game consoles." Fuck's sake.
It could be that anyone with that level of liquid assets available knows that a "loan" will never be paid back - it was PROVEN that the Trump Org engaged in fraudulent activity, so the appeal is just to try to gain some time. Anyone who puts up cash pending the appeal will definitely lose it once the process confirms what the courts have already ruled.
I'm just waiting for the 24th when it's revealed that MBS is buying a $50 million property from Trump for $550 million thus solving all Trump's problems. It's not like that sort of thing is completely unheard of for Trump. This is just a larger scale.
In response, billionaires should get together and donate a few billion dollars to public defenders, pay off people's medical debt, and offer to buy Mar-a-Lago in order to turn it into public housing.
Al Lago is a chintzy motel with a shitty omelette bar. estimated value of less than 5% of the ruling. He's going to have to sell his bedbug infested resorts and ugly golf courses too
I'd say this is a mess of Trump's own making. Nobody forced him to perform the actions that got him into this legal trouble. If you can't afford the penalty, don't do the crime.
Someone needs to write a book.. “The Fart and the Squeal: A history of the Trump dump” with all proceeds going to charities. I want to raise more money for that than he ever could for his litigation obligations.
I’m sure there are still a few Russian oligarchs who have enough liquid assets to bail trump out, in return for some massive political favors once they help him con enough rubes into electing him again.
The problem is that Trump didn't do enough for them when he was in power and they don't think he could win again. To the oligarchs, Trump is a lost cause. Trash that they don't even have to clean up themselves.
First, did he actually think that there was some kind of giant market for those things? I've heard people speculate it was his attempt to get the Black vote.
Second [and I've said this before] Fredo Corleone could have figured out that the President of the US could extort all kinds of money from Saudi Arabia. Team Rocket could have figured it out! Wiley Coyote could have figured it out.
Wait, so it's okay for billionaires to hoard their money and not give back to society and try to help with homelessness and starving kids but they should put up millions to help Donald as soon as he needs money?
According to Donal Mar-a-lago is worth billions already. Couldn't he put that up for collateral?