Trump is apparently asking NY courts to put up a 100 million dollar bond instead of the full amount he is supposed to put up in order to appeal the fraud ruling in NY.
Saw someone comment elsewhere that he also wants only put up 5 million as a bond to appeal the latest E Jean Carrol ruling.
"If you are ever asking yourself 'Is Trump lying or is he stupid?', the answer is most likely C: All of the Above" - Seth Meyers
You don't get it Edge, he is tooooo smart to use his own money to pay court rulings <snark>. Rich people don't use their own money to pay for things that's why they are alpha, sigma, smartest people in the world, I worship them <more snark>. The defense by people who dream they will one day be that millionaire and the worship of the rich, will always amaze me.
While standing operating procedure for the rich, I give it to Trump in he take full advantage in the legal system for delays and whatever than I anyone I have ever followed.
"Buh dah DEMS"
Yes and no. Even the rich, lets say $1 to $3 billionaires are probably not that liquid. Most are not liquid with let's say $350-$450 million he needs to pay.
I get your point. He is a FAT liar in everything and of course him lying about his wealth is his #1 ego boost. On top of that he is a horrible business person, who we all know is lucky to have the wealth he still holds on too.
So yeah just to add. this is actually a fine, settlement that is worthy of punishing so called rich people instead of a $50k fine, which rich people would laugh at.
"Buh dah DEMS"
Let's not blow too much smoke up her ass.
Remember when it was Ted Cruz in Haley's shoes?
"I don't get angry often, but you mess with my wife, you mess with my kids, that'll do it every time," Cruz told reporters in Wisconsin. "Donald, you're a sniveling coward, and leave Heidi the hell alone."
On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron.
- H. L. Mencken
There's also the fact that he likely can't sell property to pay the bond since everything is leveraged up to Trumps leathery neck in debt and there is no way his lenders will let him stiff them without claiming their pound of flesh from him and that will set off an avalanche of lenders carving away metaphorical chunks off him to get something out of their dealings with him.
"If you are ever asking yourself 'Is Trump lying or is he stupid?', the answer is most likely C: All of the Above" - Seth Meyers
Trump did claim he had $400 million in liquid assets. Enough to cover Carroll, no question. He'd be a little light on the NY Trump Org fraud case.
Yes, even if Trump does have $600 million lying around, getting it all together will take days, minimum. Even molasses is liquid.
However, I think that's not what's happening. Trump is asking for a lower amount. Why didn't Trump just get a bond? I think he tried and failed. I think people are afraid to loan him hundreds of millions and expect him to honor his contract. Not even the White House can save him from the collapse of Trump Org, a purely civil state matter. What happens when he loses the appeal? He doesn't get the money back. The issuer of the bond comes for the collateral. I don't think Trump is willing to part with collateral worth $400+ million, and I think loaners know that.
Which means Trump is on his own.
Trump probably doesn't want to sell assets just to post bond. Boo fuckity hoo. If he didn't want to pay massive damages he shouldn't have defrauded and/or raped so many people. I agree with
and I think he's going to spend the next 27-ish days begging for an extension while he fights the definition of "liquid" assets by forcing honey through an IV tube.
On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron.
- H. L. Mencken
Funny story: Forbes agrees. Their valuation of Trump includes most of his buildings and how much he owes on each.
Of note, Trump Tower is worth $156 million and $100 million of debt. Trump could sell it, but would not get $400 million.
Trump's two biggest individual items are Mar-a-Lago and his share of 1290 Avenue of the Americas. He will not sell Mar-a-Lago willingly, although it would be a steal if he did -- there's probably top secret documents under the floorboards. He could sell off a bunch of smaller items.
But Trump holding a fire sale would make him look as incompetent as...well, as he is, let's be honest. I don't think he wants to do that.
If I'm right that he can't get a bond, or if the bonds being offered are insulting even to a man about to go to prison for life, then he really should be using his own cash. If he's right that he'll win on appeal he'll get it back, and he can use PACs and the like as a slush fund -- why would 2024 be any different?
"What about the sale of Truth Social?"
It'd have to be fast, and yes it's a lot, but Trump making the deal then selling his stock quickly, crashing its value, would ruin his best remaining asset. Long-term, not a great move. He might feel he has no choice, but again, it would require the sale to be voted on and finalized and Trump dumping all his stock in a short period of time. After which, he no longer has his emergency "get out of consequences" fund.
Sure Trump doesn't want to fire sale his assets to cover these appeals but if he doesn't have the cash on hand that is happening anyway no? If he doesn't put the money up for the appeal the government is coming to collect the money to settle the judgement.
Either way after 30 days he is paying one way or another.
It ignores such insignificant forces as time, entropy, and death
Trump would be humiliated if he was forced to sell property to pay off his bond and that would be among the worst things you can do to Trump aside from take his money.
He's got an ego the size of Jupiter made out of glass. Remember, being a loser is one of the worst things you can be according to Trump and what would he be if he had to sell buildings to pay a bond?
"If you are ever asking yourself 'Is Trump lying or is he stupid?', the answer is most likely C: All of the Above" - Seth Meyers
If he refuses to put the money aside and refuses to pay, then yes, NYState can come for his assets, I don't know which ones they'd be allowed to take. There are likely rules about that sort of thing, and I have no idea where to even look.
Just kidding, I am Chef Fucking Breccia Son I know where to look. NYState has already filed they're going after the money from selling the DC hotel, and from selling his NYState golf course. They're taking his liquid assets, either way. NYState can also put liens against his properties and garnish any loans Trump gave to other people -- including fake-ass loans like "hey son here's $5 million in poker chips".
Carroll tho, I mean it this time, not sure how that'll work. But she specifically and directly said she was looking at Trump Tower. Forbes lists it at $156 million and $100 million in debt, this is a realistic goal.
Haley is an opportunist, pure and simple. She smells enough blood in the water to think sticking it out against Trump is a better bet than putting all the GOPs eggs in Trumps basket.
She'll fold either when Trump takes over the GOP, or his court cases go in his favor. She'll either get a cushy position and go away forever or keep her head down for 4 years and pop up next cycle.
Ramaswamy and Desantis learned the hard way theres only room in the GOP for one Trump, and neither of them were willing to go as balls to the wall Trump as Trump himself. Thats why they folded.
Star Trek teaches us that if we work together, we can accomplish anything. Star Wars teaches us that sometimes violence is necessary against an oppressive government. Both are valuable lessons.
Just, be kind.
Every single word in this seems correct to me. I think he's desperately trying to move liquid assets around to avoid exactly this. His ego could probably survive the bruising of selling off a few golf courses, but he'd rather die than sell Trump Tower or Mar-a-Lago. Not figurative. Literally would rather be dead.