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this post was submitted on 16 Feb 2024
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Hope long will it be tied up in appeals, 3 years?
In New York State you have to front 110% of the money before you can appeal. So he would have to front $390M just to file the appeal.
His whole 2016 campaign raised $330M for context.
He's also on record under oath saying he has $400M cash on hand meaning if he doesn't actually have the cash on hand he perjured himself as well.
He would likely do this by buying a bond. It would be substantial though, and even if he won the appeal the bond would like cost like $35 million or something he would never get back, and he needs to pay that before the appeal. It's all money being sapped away from the republican party at least.
In the $5 million E. Jean Carroll case, Trump paid the $5 million in cash on appeal. He claimed it was to avoid the fees of buying a bond but some have argued that no bond lenders would agree to lend to Trump due to the risk of not being paid back. If that's the case, Trump is going to be fronting a lot of cash in a short amount of time. Even a billionaire doesn't want $400 million tied up in escrow accounts.
He can just get a loan from Saudi Arabia. $400 million ain't shit to MBS.
But even amoral lenders want to be paid back.
Saudi Arabia may prefer trump over Biden, but not to the tune of a $400M gift.
If they aren't sure Trump would pay them back, they won't give it to him.
He's barred from using any banks or other financial institutions registered in New York to do it, which includes pretty much all banks operating in USA which may have enough funds available to issue it. So if he doesn't have the cash on hand then he absolutely need to start begging private financiers to help him