Yes that's definitely what he's asking for - just saying in this case his usual scheme of running out the clock doesn't work because the default position is now one where the state starts selling his shit off. This is the one time he actually wants courts to act fast.Seems to be what the filing is asking for. Or, it's asking for the stay to be granted with the "less than required" amount because of whatever ridiculous legal arguments are present in the 1800 pages.
I heard that both sides were already in front of an appeals judge and that there will be a result of that by COB today.
He has a couple substantial (but non-controlling) stakes in valuable skyscrapers. IIRC he owns Trump Tower, but I don't know if he's mortgaged it (probably? Lol). So he has a few valuable properties that he can put up as collateral to a licensed bonding company. Most of his actual businesses like his golf courses lose money, and a lot of it.Different things. The fraud was him telling banks that property X is/was worth 100M when it's only worth 60M, while telling insurance it's worth 40M. Now, "worth" is not the same as what % of that property he actually owns.
That last part is really what I was referring to. There were some of his properties listed during the trial (can't remember source, might have been talking heads on legal/financial analysis tv side) where they were either a very minor stake owned by Trump org, or wholly owned by others just with his name attached. It was more complicated than that, but you get the point.
He has a couple substantial (but non-controlling) stakes in valuable skyscrapers. IIRC he owns Trump Tower, but I don't know if he's mortgaged it (probably? Lol). So he has a few valuable properties that he can put up as collateral to a licensed bonding company. Most of his actual businesses like his golf courses lose money, and a lot of it.
He doesn't want to sell any of his best assets because that would trigger capital gains tax. And you know stable geniuses can't be paying tax.
Generally speaking judgments are considered taxable income, yes.That reminds me of something I was curious about..
E. Jean Carroll when she gets the payment.. does it incur income tax or capital gains tax or what?
Short version, taxable income.That reminds me of something I was curious about..
E. Jean Carroll when she gets the payment.. does it incur income tax or capital gains tax or what?
I’m not using the ’Anandtech baller’ card here… but this is so damn true for me & my wife!I bet he's leveraged to almost zero (relative to overall value) equity on any of his major properties.
There's probably people posting on this forum with more real liquidity ...
You must have better stomach lining than I would.I’m not using the ’Anandtech baller’ card here… but this is so damn true for me & my wife!
Granted, we're not commercial real estate mobiles…
Who gets paid first? Carroll or NY?
I’d assume NYS. They can seize asset. Carroll is at the will of the orange monkey to further fightWho gets paid first? Carroll or NY?
Yeah I'm just wondering if Carroll could say to NY hey the money you obtain from Trump goes to me first, like would they have to legally give any to her before they can keep it. I'm guessing no but just wondering how this stuff works. I've never lost multiple multi-million-dollar lawsuits myself so new territory here.I’d assume NYS. They can seize asset. Carroll is at the will of the orange monkey to further fight
You had a typo there.Trump's accounts at financial institutions with aNYRussian presence.
Interestingly enough the AG says they do not interpret the ruling to prohibit Trump from getting a bond from any financial institutions.You had a typo there.
He may, I suspect many bonds people are into the whole MAGA thing.Interestingly enough the AG says they do not interpret the ruling to prohibit Trump from getting a bond from any financial institutions.
Now he just has to find one stupid enough to do it.
They are probably not into the whole ‘getting stiffed for hundreds of millions’ thing though.He may, I suspect many bonds people are into the whole MAGA thing.
Agreed we are clearly thinking. They likely will have clouded vision.They are probably not into the whole ‘getting stiffed for hundreds of millions’ thing though.
Like, what are the odds of getting your money back? They don’t seem very favorable to me.
Hello Russia are you listening?Ruling is in, no reduction in the bond amount. Appellate judge allows DJT to borrow from a NY bank.
Trump can just inflate the prices of his assets to obtain the necessary funding.They are probably not into the whole ‘getting stiffed for hundreds of millions’ thing though.
Like, what are the odds of getting your money back? They don’t seem very favorable to me.
That would be … unwise with him losing case for that very reason.Trump can just inflate the prices of his assets to obtain the necessary funding.
That’s the point he was makingThat would be … unwise with him losing case for that very reason.