I'd suggest that Trump does not own sufficient unencumbered property to secure the bond.
He absolutely could get a bond - he would just has to back it with cash, which he doesn't have. "Potential underwriters are seeking cash to back the bond, not properties, according to Trump’s lawyers."
I thought it was going to be a picture of a real estate auction.
Trump unable to secure a bond to cover the civil fraud judgement.
Bankruptcy incoming.What was that about Nato countries paying their bills?
Well, now we get to see just how much the legal system favors (supposedly) rich, powerful, white old dudes. Because he looks very, very fucked to me. He's testified under oath that he has the money to pay this. Any properties he owns probably have mortgages, and from what I read these aren't desirable for someone handling these bonds anyway.
Let's get the RNC on the job drumming up donations from the rubes to help their hero. Sure it'll hurt the scratch-off industry but these are trying times that require sacrifice.
Best thing about all this if--if--it hurts the GOP voting suppression and general ad campaigns paying this loser's legal bills. I'll get personal glee if it causes Trump to continue to have off-script meltdowns.
I don’t think bankruptcy will save him from the court ordered fines…Bankruptcy incoming.
I just hope his impending Alzheimers doesn’t rot his brain too far where he’s not conscious enough to feel humiliated about this loss. I ain’t hopeful he will see the inside of a prison cell, but I do hope he will be a broke, miserable fool before he passes and he’s mentally there to know it on his deathbed.What was that about Nato countries paying their bills?
Well, now we get to see just how much the legal system favors (supposedly) rich, powerful, white old dudes. Because he looks very, very fucked to me. He's testified under oath that he has the money to pay this. Any properties he owns probably have mortgages, and from what I read these aren't desirable for someone handling these bonds anyway.
Let's get the RNC on the job drumming up donations from the rubes to help their hero. Sure it'll hurt the scratch-off industry but these are trying times that require sacrifice.
Best thing about all this if--if--it hurts the GOP voting suppression and general ad campaigns paying this loser's legal bills. I'll get personal glee if it causes Trump to continue to have off-script meltdowns.
I didn't say it would, but if he doesn't have the money, there is no such thing as debtor's prison.I don’t think bankruptcy will save him from the court ordered fines…
As long as he's not living in the White House for the next four years, I don't care where he goes or what he does. He can live in gilded luxury or in a padded cell, either way as long as he can't do the damage he desires to do, it's all good. The GOP is managing to do a hell of a job in that dept even without him, but his 2024 Retribution Tour (tm) is going to be pretty nuts IMO if he gets in.I just hope his impending Alzheimers doesn’t rot his brain too far where he’s not conscious enough to feel humiliated about this loss. I ain’t hopeful he will see the inside of a prison cell, but I do hope he will be a broke, miserable fool before he passes and he’s mentally there to know it on his deathbed.
IMO Trump claiming the bonding companies want cash collateral, not asset collateral is BS. While cash is certainly preferable what this tells me is either (1) Trump's real estate is already highly leveraged and/or (2) the potential bonding companies value his RE assets along the same lines NYS did, rather than the pie in the sky figures Trump frequently uses.Interesting how he can't get a bond even putting up Trump tower as collateral. Bond companies knows even with collateral Trump would fight it if he loses appeal and the company would lose their money.
The main benefit from bankruptcy is it delays enforcement of the judgment. Even if he doesn't have the money for the full judgment they will continue liquidating assets until he's out of them.I didn't say it would, but if he doesn't have the money, there is no such thing as debtor's prison.
Interesting how he can't get a bond even putting up Trump tower as collateral. Bond companies knows even with collateral Trump would fight it if he loses appeal and the company would lose their money.
And if he has to have the full cash amount, why would he need to use the bonding company in the first place. Would be stupid to pay what ever fee they require on top of the bond.IMO Trump claiming the bonding companies want cash collateral, not asset collateral is BS.
You kid, but before The Apprentice, DJT was just a well-known failed casino mogul doubling as a rich RE guy. The show altered history, because he's just not a political player without the cult of celebrity it created."I'm not a rich man but I play one on TV."
Although he deserves a lot worse than living his final years in gilded luxury, I'd accept his permanent retirement so long as his heirs ultimately pay estate tax which his father conveniently and illegally dodged.As long as he's not living in the White House for the next four years, I don't care where he goes or what he does. He can live in gilded luxury or in a padded cell, either way as long as he can't do the damage he desires to do, it's all good. The GOP is managing to do a hell of a job in that dept even without him, but his 2024 Retribution Tour (tm) is going to be pretty nuts IMO if he gets in.
I mean isn't the clear implication here that he doesn't have sufficient assets to secure the bond?
lol
Has the inability to post bond ever been used as evidence in a financial fraud trial case? Can we start now?It's pretty amusing that the judgment is fundamentally about Trump claiming money/wealth he didn't have and then when forced to come up with the money he can't. So basically admitting NYS was right.
Is it my imagination? or does he shoot off his mouth a lot with nasty untruths about people, or politicians, So many lawsuits. Hmm.Not related to NY indictments but very much related to him being unable to secure the bond.
The US isn't the only place he's going to have to come up with some serious cash to pay off rulings that have gone against him. Remember the Steele dossier? Well Trump sued Orbis Business Intelligence, the company that produced the dossier, but it didn't go so well. Not only was the case tossed, but the judge in London has ordered that he has to pay for all the costs incurred by Orbis, which they estimate to be more than £600,000 ($760,000).
Mrs Justice Steyn said Orbis has estimated its costs to be more than £600,000.
She said £300,000 should be paid by Mr Trump before the total costs are decided by a specialist judge.
Donald Trump told to pay six-figure costs of firm he sued
The former US president's case against a company founded by an ex-MI6 officer was thrown out.www.bbc.com