The Trump Indictment Thread

MEJHarrison said:
There's a vast difference between me not being up to come up with half a billion dollars, and a multi-billionaire not being up to come up with half a billion dollars. I have no sympathy. Sell something. If you can't get a good price, tough shit. You should have started working on that immediately, not towards the end. I'd LOVE to see the government seize some assets. I don't see it happening, but that would be fantastic. It's what they'd do to me (or worse).
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He's a BINO.

Or a BOPO - Billionaire on paper only.
 
Citysnaps said:
More good news:

WaPo: " Donald Trump has been unable to finance an appeal bond for at least $450 million to cover a judgment in the New York attorney general’s business fraud case against him and is seeking a reprieve from an appellate court to keep the state from seizing assets, according to a court filing Monday."

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ya so far no one has felt sorry for him. poor trump time for a gofundme.
 
Citysnaps said:
" Donald Trump has been unable to finance an appeal bond for at least $450 million to cover a judgment in the New York
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fooferdoggie said:
ya so far no one has felt sorry for him. poor trump time for a gofundme.
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speak of the devil

Here is how you promote a cause:

Stand with Trump; Fund the $355M Unjust Judgment
78329481_1708118272902334_r.jpeg

They are currently at $1.36M of their $355M goal (no, I choose not to link to it). But, why would you want to "fund the unjust judgement" (especially with those two sad-sacks getting your money)? Does no one understand how language works?
 
Yoused said:
speak of the devil

Here is how you promote a cause:

Stand with Trump; Fund the $355M Unjust Judgment
78329481_1708118272902334_r.jpeg

They are currently at $1.36M of their $355M goal (no, I choose not to link to it). But, why would you want to "fund the unjust judgement" (especially with those two sad-sacks getting your money)? Does no one understand how language works?
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ya its not going to do jack and how much you wanna bet she bails with the money? like this random woman is going to just hand over that money to trump. can she even legally do that?
 
fooferdoggie said:
ya its not going to do jack and how much you wanna bet she bails with the money? like this random woman is going to just hand over that money to trump. can she even legally do that?
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He’d need to pay taxes on it
 
fooferdoggie said:
ya its not going to do jack and how much you wanna bet she bails with the money? like this random woman is going to just hand over that money to trump. can she even legally do that?
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Since it’s a GoFundMe or whatever, the money will have to go to the legal expenses or campaign. If it doesn’t, her hero will be the first one in line to sue her!
 
Cmaier said:
He’d need to pay taxes on it
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Speaking of taxes, and looking ahead a year or so... Let's say trump's assets are eventually seized to satisfy the judgement against him.

As those assets, say buildings/property, were purchased decades ago, I'm guessing trump would be subject to paying a large capital gains tax on the gain - even though he doesn't actually end up with any proceeds from the seizure and sale? Seems like he should be liable for the tax on that gain.

If so, that's likely another boatload of money he'll need to come up with. Kinda funny.
 
“As far as the Court can infer, sureties may have refused to accept defendants’ specific holdings as collateral because using Mr. Trump’s real estate will generally need “a property appraisal’ … and his holdings are not nearly as valuable as defendants claim.”

DocumentCloud

www.documentcloud.org www.documentcloud.org
 
1710954809303.png


DocumentCloud

www.documentcloud.org www.documentcloud.org


I also enjoy the dig at Alan Garten. I’ve mentioned it before, but he’s the son of Jay Garten, who was a vice president at the small Manhattan electrical contractor where my father was also a vice president (I used to work there every summer). My dad never really got along with this guy’s dad. Anyway, small world.
 
Cmaier said:
“As far as the Court can infer, sureties may have refused to accept defendants’ specific holdings as collateral because using Mr. Trump’s real estate will generally need “a property appraisal’ … and his holdings are not nearly as valuable as defendants claim.”

DocumentCloud

www.documentcloud.org www.documentcloud.org
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It's kind of funny he wants to use property as collateral when the entire reason he was fined so much is lying about property values.

I'm sure this will never happen, but if he can't pony up the money couldn't they throw him in jail?
 
Cmaier said:
“As far as the Court can infer, sureties may have refused to accept defendants’ specific holdings as collateral because using Mr. Trump’s real estate will generally need “a property appraisal’ … and his holdings are not nearly as valuable as defendants claim.”
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This editorial suggests that that might not be exactly the situation

In an unregulated insurance market, Trump would have been able to come up with a surety bond with ease because his net worth far exceeds the size of the bond he needs. Some enterprising business would have asked him to put up some of his real estate holdings — say, $1 billion worth — as collateral. For good measure, it would have charged him a high premium on the bond.

But the state insurance departments that regulate surety bond companies don't allow that kind of business. It would be highly risky for insurers to accept real estate as collateral because its value is unpredictable and it's hard to sell on short notice. Regulators don't allow insurance companies to charge high premiums for taking on that kind of risk; they want insurers to charge low premiums for low risk.​

He cannot use his properties as collateral – he has to sell them first.

Of course, his Trvth.soc site is worth $10B. Way more that enough. But could he actually get $50M out of it?
 
Yoused said:
This editorial suggests that that might not be exactly the situation

In an unregulated insurance market, Trump would have been able to come up with a surety bond with ease because his net worth far exceeds the size of the bond he needs. Some enterprising business would have asked him to put up some of his real estate holdings — say, $1 billion worth — as collateral. For good measure, it would have charged him a high premium on the bond.​
​
But the state insurance departments that regulate surety bond companies don't allow that kind of business. It would be highly risky for insurers to accept real estate as collateral because its value is unpredictable and it's hard to sell on short notice. Regulators don't allow insurance companies to charge high premiums for taking on that kind of risk; they want insurers to charge low premiums for low risk.​
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As pointed out in the AG’s motion, though, in response to essentially this argument made by Trump’s expert, there are many examples of very high bonds being secured with real estate
 
Saw an interview on CNN where they were questioning how much debt he currently has against said properties, and how many other stakeholders there are. There seems to be a bit of speculation that his only way out will be to file bankruptcy, then blame it all on Democrats, you know, witch hunts and all.
 

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