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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.
Fuck even liberal media wonāt call a spade a spade.
Yeah, everyoneās scared of using the L-word because of the legal liabilities involved. And if I was the editor, I would 100% assume trump would attempt to fucking sue my paper for libel if I say anything that gives him an inch.
So thatās probably why everyoneās scared of saying āLiedā, because trump can, will, and has sued people for things like that.