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- cross-posted to:
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Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trumpās assets if he is unable to pay the $464 million required by last monthāsĀ judgmentĀ in his civil fraud case, Trumpās lawyers disclosed in court filings Monday that he had failed to secure a bond for the amount.
In the nearly 5,000-page filing, lawyers for TrumpĀ saidĀ it has proven a āpractical impossibilityā for Trump to secure a bond from any financial institutions in the state, as āabout 30 surety companiesā have refused to accept assets including real estate as collateral and have demanded cash and other liquid assets instead.
To get the institutions to agree to cover that $464 million judgment if Trump loses his appeal and fails to pay the state, he would have to pledge more than $550 million as collateralāāa sum he simply does not have,āĀ reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.
Not really. The only interesting thing to come out of this is who will buy him out. Because someone will, thatās a president on the table for 500 million bucks.
A FORMER President, or what we also call a private citizen. If youāre thinking that youāre buying a President with a 500 mil bond, then youāre betting on him winning against the guy he lost against last time, which feels like as good a bet as taking Trumpās claims of what his properties are worth at face value.
For now, yes. Just donāt be stingy where it matters, slap another 100 mil of advertisement budget on top of the 500 mil and youāve got a nice PR stew going.
I donāt have a half of a billion dollars but Iām watching the Vegas line and I might put a couple grand down on Trump winning. Iām not American. I donāt get a voteā¦but Iāll make some money off it if I can.
I think heās going to win. Americans have shown themselves to be not very smart and youāve got places like Michigan claiming theyāre not going to vote for Biden because they think Trump is going toā¦ Well They are stupid but they represent America.
This is such a stupid comment. You donāt even live here!
The polls show him leading, so do the pundits. Heās going to win for the same reason he did last time, you people are too ignorant to understand that he appeals to a huge swath of the country.
Your American exceptionalism is failing your society and youāre too blind to see it. Pride and greed. Itās wild to see.