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submitted 5 months ago by downpunxx@fedia.io to c/politics@lemmy.world

Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against him in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.

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[-] Zerlyna@lemmy.world 103 points 5 months ago* (last edited 5 months ago)

Wait it says “without posting it himself”.

Then it says it’s an “impossible amount”.

BuT He’S A bIlliONaiRE!!!

[-] zenharbinger@lemmy.world 32 points 5 months ago

He has no cash, it's all tied up in real estate. He would have to sell to get the bond money.

Probably could get a 'donor' to purchase though.

[-] snooggums@midwest.social 64 points 5 months ago

If he really had money and paid his debts any bond issuer who could afford it would have done it by now.

Hard to set up the value of collateral when his crime is inflating th worth of his assets.

[-] dhork@lemmy.world 41 points 5 months ago

It's not all tied up in real estate. Recall he has a lot of the equity in Truth Social, which he is trying to sell at an inflated price to DWAC. He is just as much of an internet influencer these days as a real estate investor.

But I think it is telling that a key point of the trial was that he overinflated the value of his assets, and now that he has to put up cash, all of a sudden we find that he can't put up enough collateral, because banks are no longer taking his word on those valuations.

[-] zenharbinger@lemmy.world 12 points 5 months ago

Ok, better put, it's non-liquid. It's all tied up in over inflated investments. 😀

[-] MegaUltraChicken@lemmy.world 33 points 5 months ago

What's really unfortunate for him is that he claimed in depositions that he had $400 million cash on hand. So either he does have the cash or he committed perjury.

[-] jkrtn@lemmy.ml 17 points 5 months ago

Yes, except laws are for people like you and I.

[-] Zerlyna@lemmy.world 16 points 5 months ago* (last edited 5 months ago)

Would be great to see the RNC put their money on this!!

Edit /s

[-] rezifon@lemmy.world 26 points 5 months ago

The RNC only had $8.7 million on January 31st of this year. They're $445 million dollars short of the amount that Trump needs. (Reference)

[-] WarmSoda@lemm.ee 10 points 5 months ago

I still think it's a great idea for them to use all thier money for this lol

[-] Treczoks@lemmy.world 15 points 5 months ago

If it was a real substance in real estate, it should be easy to borrow the money he needs. So either his real estate is already mortgaged to the hilt, so he can't add anymore on top, or they simply don't trust the evaluations any more.

I really hope they start selling off Trumps stuff starting next week. In a fire sale, cents for the dollar.

[-] obviouspornalt@lemmynsfw.com 5 points 5 months ago

I'm betting it's both over leveraged and no one will lend to him.

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[-] grue@lemmy.world 12 points 5 months ago

He has no cash, it's all tied up in real estate. He would have to sell to get the bond money.

Welp, he'd better get busy selling it, then! Especially since even if he doesn't appeal he's got to fork it over anyway to pay the judgement, LOL.

[-] frezik@midwest.social 6 points 5 months ago

Don't worry, the State of NY will do that part for him.

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[-] GrymEdm@lemmy.world 56 points 5 months ago

"Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants," Trump's lawyers wrote.

[-] gravitas_deficiency@sh.itjust.works 49 points 5 months ago

Objection, Your Honor!

On what grounds?

It’s devastating to my case!

[-] Rapidcreek@lemmy.world 55 points 5 months ago

March 18, 2024: The day Uday and Qusay Trump realized they will have to eventually get a job.

[-] Riccosuave@lemmy.world 22 points 5 months ago

We're getting old. I'm not sure the younger folks are going to get this reference.

[-] SpaceNoodle@lemmy.world 21 points 5 months ago

I'm 40 and I had to Google it.

[-] qprimed@lemmy.ml 17 points 5 months ago

its ok. the tenets of nepotism are timeless and borderless.

[-] comador@lemmy.world 18 points 5 months ago

Eric and Trump Jr shiver at the thought.

[-] qprimed@lemmy.ml 9 points 5 months ago

top tier comment, right here.

[-] Tyfud@lemmy.world 8 points 5 months ago

This legit took me 5 minutes to realize those were real names. I swore it was something in piglatin.

[-] IphtashuFitz@lemmy.world 6 points 5 months ago

It took me 1 second to realize that your comment means I’m old as fuck…

[-] MegaUltraChicken@lemmy.world 51 points 5 months ago

So where's that $400 million in cash you claimed to have in a deposition, under oath? Not willing to put up your own cash or did someone committ a little extra perjury?

[-] SarcasticMan@lemmy.world 42 points 5 months ago

Oh no, how embarrassing for him. He is a stable genius though so it shouldn't be too hard for him to figure something out.

[-] CaptainSpaceman@lemmy.world 19 points 5 months ago

I wonder if someone referred to him as an "unstable idiot" and he just said "NUH UH!" and reversed it while plugging his fingers in his ears

[-] NevermindNoMind@lemmy.world 19 points 5 months ago* (last edited 5 months ago)

That's literally what happened. A book was published in which white house officials shared stories which questioned his mental fitness. The stable genius thing was from a series of tweets he sent attacking the book.

“Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart,” the President continued. “Crooked Hillary Clinton also played these cards very hard and, as everyone knows, went down in flames. I went from VERY successful businessman, to top T.V. Star … to President of the United States (on my first try). I think that would qualify as not smart, but genius … and a very stable genius at that!”

https://www.cnn.com/2018/01/06/politics/donald-trump-white-house-fitness-very-stable-genius/index.html

So much of this shit went down the memory hole, I worry a lot of voters won't remember what it was like to live in that daily chaos.

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[-] givesomefucks@lemmy.world 15 points 5 months ago

I don't think anyone has ever said they were stable without being called unstable multiple times...

Like, especially next to genius, no one brags about being stable except people who aren't. It's just not something stable people mention.

Like if you meet someone and they immediately and umpromptly deny that they're on LSD, it's a pretty safe bet they're tripping balls. Because why else even bring it up?

[-] kescusay@lemmy.world 6 points 5 months ago

I'll have you know that not only am I not on LSD, I'm also not on speed, I didn't just snort a line of coke, I don't own a crack pipe that I keep in a shoe box, and everything I own doesn't smell like weed.

I'm not injecting anything right now, either.

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[-] BigMacHole@lemm.ee 31 points 5 months ago

But Trump is a BILLIONAIRE? OBVIOUSLY he's CHOOSING not to pay this because he doesn't want to pay the Deep State! I'll support you with more Donations President!

[-] TransplantedSconie@lemm.ee 27 points 5 months ago

Take everything starting with his jet.

[-] brygphilomena@lemmy.world 4 points 5 months ago

Take his tower and house migrants in it!

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[-] Rentlar@lemmy.ca 13 points 5 months ago

Where's Chubb when you need to stiff them twice?

[-] nkat2112@sh.itjust.works 12 points 5 months ago

He doesn't have to appeal. He can delay his fire sale for a little more. LOL

No one is surprised. What a lovely Monday! Have a great day, everyone! :)

[-] xmunk@sh.itjust.works 11 points 5 months ago

Send the repo agents to Mar-a-lago.

[-] YurkshireLad@lemmy.ca 9 points 5 months ago

I’m surprised he hasn’t received Russian money yet.

[-] geekworking@lemmy.world 15 points 5 months ago

The trick is trying to find a way to launder this much all at once while they still have a regulator watching the business.

[-] lurch@sh.itjust.works 11 points 5 months ago

the ruble isn't doing great

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[-] RampantParanoia2365@lemmy.world 8 points 5 months ago

So naturally he's been arrested for perjury.

[-] some_guy 6 points 5 months ago

I can contribute [checks wallet] two bucks. If we all pitch in, we can save our messianic god-emperor, right guys? Right?

My favorite part is how something is finally coming back on his ass. I didn't truly think it'd ever happen.

[-] unphazed@lemmy.world 10 points 5 months ago

Until hotels go on fire sale I'm not counting chickens.

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[-] dhork@lemmy.world 6 points 5 months ago

Does anyone else have the sneaking feeling Elon is going to show up at some point? He is probably the only person with that much cash on hand who would be willing to lend it to Trump.

If Elon were a natural-born US citizen, I wouldn't put it past Trump to sell him the VP job. He might try anyway. Or make him Secretary of State, or some bullshit like that.

[-] hperrin@lemmy.world 21 points 5 months ago

I don’t think Elon has that much liquid. He’d have to sell off a lot of shares of one of his companies, and that would probably disaffect the stock. I wouldn’t put it past him to do that though.

[-] lurch@sh.itjust.works 19 points 5 months ago

if Elon sells stock, so his influence on the company via votes significantly decreases, the stock will go up, because having a manchild in charge is a deterrent to investors.

[-] hperrin@lemmy.world 7 points 5 months ago

Ha! I didn’t think of that.

[-] gravitas_deficiency@sh.itjust.works 16 points 5 months ago

If Elon had an actual liquidity crisis where he had to bring a meaningful fraction of his assets to bear in terms of real monetary value, he’d probably lose control of his publicly traded companies.

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this post was submitted on 18 Mar 2024
294 points (97.7% liked)

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