It’s pretty clear he doesn’t have the cash to pay the judgement in full, and will need to sell illiquid assets at a discount in order to pay the full amount.
Without a stay, Mr. Trump’s lawyers warned, he likely would have to sell some of his New York properties “under exigent circumstances,” in what would be a punishing blow to the former president.
Oh no! It’s almost as if he will have to face negative consequences for his actions.
Anyway, did anyone see the Charlotte FC game last Saturday? That was a killer goal scored.
And all these assets are most likely already leveraged to the hilt.
Oh stop it. You know how I get all hot and bothered when you talk dirty.
Punishing blow… like some sort of punishment. Oh wait, that’s exactly what it’s supposed to be for fraud. Pay up or straight to jail.
Did you see that ludicrous display last night?
What was Wenger thinking sending Walcott on that early?
The thing about Arsenal is, they always try to walk it in!
The thing about Arsenal is, they always try to walk it in!
The thing about Arsenal is, they always try to walk it in!
Right? My first thought was basically “oh no, it’s the consequences of your actions”, which is probably a first for the former rapist in chief.
Lmao. The Schadenfreude is real.
When will he learn that this is not one of his crooked deals, but a “pay up or shut up” situation? I hope he’ll have to sell his real estate pennies to the dollar.
What will happen if everything is sold and he is still in debts?
I hope he’ll have to sell his real estate pennies to the dollar
Specifically pennies to the dollar on their real, not fraudulently over-inflated worth.
You’ve never been a rich privileged white man I see. Trump’s only thoughts are “surely this can’t be fair, there’s gotta be something we can do to come to a better agreement” and he’ll continue to be flabbergasted by any other result because he’s never had to deal with real consequences in his life.
Learn? Trump has a handful of actions that he repeats since it’s work his whole life, sue, whine loudly how badly he’s treated, threaten, commit large amounts of fraud like it’s going out of style. Hopefully he’ll finally have reprocussions in action (know we’re waiting on time while he is supposed to pay) but I doubt he’ll actually learn, he’ll just go back to his whining.
I always thought if it was a fighting game sue would be his default attack button.
It’s his standard operating procedure: offer a down payment and get the goods, then skip town and never pay the rest. Only I don’t think it’s going to work out for him this time…
If he actually skips town I for one would be very pleased with that outcome
Seems like a good deal. A few million dollars in exchange for Trump to fuck off to Russia, never to step foot on US soil again.
Florida Man who claimed to own billions loses court case and is too poor to pay what is ordered, begs court for mercy after complaining judgement is too harsh.
After swearing under oath that he did in fact have the money
Can the court ask him as a bail to postpone any public office bid?
Art of the Deal 🤣🤣🤣
Just like in monopoly he can just mortgage a hotel. He’s a billionaire, right??? 😏
I want them to seize the Trump tower and turn it into low-income housing and a job training/community college with whatever liquid assets they do squeeze out of him. Use the disgorgement to help the people of New York have better lives.
I do not
What do you think would be a good use for the buildings they are almost inevitably going to seize?
His solid gold penthouse could be broken down for some Cash 4 Gold.
They could fund the community college in perpetuity if they auctioned off all his gaudy crap to his cult.
Turn it into the Michelle Obama Immigration Assistance Center and Abortion Clinic
Change it to Alice Paul and we might have something going there. (But housing, job training, and education are some of the most needed things in low-income communities.)
https://en.wikipedia.org/wiki/Alice_Paul (Of note, Alice Paul was against abortion as were many of the suffragettes as they viewed it as a form of exploitation. However, her legacy as a leader in the women’s rights movement and in nonviolent protest are very important to world history as a whole. There is some debate about this, but it has been claimed that Ghandi kept correspondence with her and learned from her example of nonviolent protest.)
We do not negotiate with terrorists.
The only answer.
If only that was said to him.
This is the best summary I could come up with:
Mr. Trump, who is on the clock to either secure a bond from a company or produce the full amount himself, also asked the appeals court to pause enforcement of the financial penalty and a wide range of other punishments the judge levied.
In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request.
“The exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” the lawyers wrote.
Posting bond for the full amount would prevent the New York attorney general’s office, which brought the fraud suit, from collecting the judgment until Mr. Trump’s appeal is resolved.
As of last year, he was sitting on more than $350 million in cash, as well as stocks and bonds he could sell in a hurry, according to a recent New York Times review of his financial records.
“There is no merit to defendants’ contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount,” the attorney general’s office wrote.
The original article contains 513 words, the summary contains 219 words. Saved 57%. I’m a bot and I’m open source!
It’s like someone playing Monopoly who has to start selling hotels and houses to pay off the Steet Repairs card from the Community Chest asking to pay $100 instead.
Street Repairs: You are assessed for street repair. $40 per house. $115 per hotel
There should be zero leniency for Trump. Make him sell those hotels at a loss if necessary.
You mean face consequences like a normal person? That’s a nice idea, a completely new concept. Consequences for the rich, how delightful!
Pathetic loser
He’s gonna come back and deal a huge blow when he eventually is elected this November, don’t know how we all gonna handle this crybaby…
💁♂️ 🦋
Is this the Art of the Deal?
The Fart 💨 of the Meal
Is the meal in this case a Big Mac with extra ketchup for throwing?
“There was ketchup dripping down the wall and a shattered porcelain plate on the floor,” Hutchinson testified, noting that aides nearby conveyed the president was “extremely angry”
😂
You could have warned me, I didn’t save room for dessert!
Goddammit I had my mouth open and everything
Did you enjoy it?
Your emoji meme amuses me.
I would think Trump, like any organized crime boss, understands the difference between “here’s what I owe you” and “here’s a quarter of what I owe you.”
One results in broken legs, one doesn’t.
Let’s hope the justice system does too.
Alas, it favours rich, white, straight men. He’ll never get the full punishment he deserves. If he did, he’d already be in jail for a long time. I bet you his little tushy would have been massacred if he actually got convicted for all the horrible crimes he committed.
Yeah, I’d love to see him get to face his charges, but I have no hope at all that he will.
My sleepy brain also misread “his tushy” as “your tushy” and stared dumbfounded at this comment for half a minute.
