321
submitted 8 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

After Donald Trump posted a bond of nearly $92 million on Friday as he appealed the jury's verdict in E. Jean Carroll's civil defamation case, legal analyst Andrew Weissmann warned on Sunday that the former president may be "beholden" to people behind the bond.

Trump, the likely GOP nominee in the 2024 presidential race, was ordered in January to pay $83.3 million to Carroll, a former Elle columnist, for damaging her reputation after she accused him of sexually assaulting her in a department store dressing room in the mid-1990s. A separate jury last year awarded Carroll $5 million from Trump for sexual abuse and defamation. Trump has denied any wrongdoing in those cases and said they were politically motivated.

The $91.6 million bond, which Trump posted on Friday, consisted of the $83.3 million judgment, along with statutory interest added by the State of New York. The bond was secured by the Federal Insurance Company, a part of insurance company Chubb Corporation. The bond has since sparked speculation over why the Federal Insurance Company decided to guarantee Trump's bond and who within the company made the decision.

top 50 comments
sorted by: hot top controversial new old
[-] doublejay1999@lemmy.world 71 points 8 months ago

No shit Sherlock .

A basic security check for even low level government clearance would flag this as a risk.

[-] Zorsith@lemmy.blahaj.zone 10 points 8 months ago* (last edited 8 months ago)

Shit, you can lose clearance for having too much money (i.e., lottery winnings). "Assumed" clearance for certain government roles really should be challenged

[-] AFKBRBChocolate@lemmy.world 7 points 8 months ago

As you recall, some of his family were flagged as security risks, but the president gets the final say so they got clearances anyway. I'm sure it was true for Trump himself.

[-] TheJims@lemmy.world 64 points 8 months ago

Trump is a walking, talking, living, breathing national security threat and constitutional crisis.

[-] Feathercrown@lemmy.world 17 points 8 months ago

walking, talking, living, breathing

Debatable lmao

[-] Akasazh@feddit.nl 12 points 8 months ago

Unfortunately legally alive enough to hold office.

I'll have a party the day this changes.

You act like they're not going to Weekend at Bernie's him.

[-] HeyThisIsntTheYMCA@lemmy.world 2 points 8 months ago

Dude I never thought I'd see people actually dancing in the street but the day it was declared he lost the election? I had to drop off some recycling and go to the grocery store and everyone was dancing the entire time, we were so relieved. That day you speak of, we might be fuckin in the street instead.

[-] DogPeePoo@lemm.ee 62 points 8 months ago

Worst “businessman” of all time.

Everybody is leveraged over this pos.

He’s a real life “Wimpy” who owes everyone and has nothing.

[-] DarkDarkHouse@lemmy.sdf.org 41 points 8 months ago

Wimpy knew how to spell “hamburger”

[-] dangblingus@lemmy.dbzer0.com 11 points 8 months ago

You may not have been actively patiently waiting for the time to drop this gem, but you nailed the timing of it.

[-] kmartburrito@lemmy.world 32 points 8 months ago

🌎👨‍🚀🔫👨‍🚀

[-] DAMunzy@lemmy.dbzer0.com 1 points 8 months ago* (last edited 8 months ago)
[-] incogtino@lemmy.zip 32 points 8 months ago

"Is he somebody who is going to be making policy and being differential to people who have put up money?" Weissmann asked.

I think that should be deferential

[-] twistypencil@lemmy.world 30 points 8 months ago

I wonder if intelligence is paying attention

[-] kobra@lemm.ee 6 points 8 months ago* (last edited 8 months ago)

Intelligence didn’t care when it was Russia, why would they care when it’s this bondsman (insurance company or whatever)?

[-] Bernie_Sandals@lemmy.world 12 points 8 months ago

The intelligence agencies were literally the ones in government who cared the most about Russia wtf are you talking about? Almost every piece of media coverage you saw of Trump and Russia was originally from intelligence reports.

[-] kobra@lemm.ee 2 points 8 months ago

Okay so they reported it but did nothing to stop it? That’s my point I guess.

[-] AFKBRBChocolate@lemmy.world 8 points 8 months ago

It's the guy they report to, and no one above him. Not much recourse.

[-] Bernie_Sandals@lemmy.world 7 points 8 months ago

What do you honestly think they could've done to stop it?

load more comments (10 replies)
[-] UnderpantsWeevil@lemmy.world 4 points 8 months ago

Intelligence didn’t care when it was Russia

The national bureaucracies are all their own little fiefs, and Comey's FBI thought he could hold Hillary's feet to the fire once she got into office by making her first hundred days a scandal plagued mess.

It isn't that these folks don't care. Its that they're running their own like intrigues and power grabs, in an effort to get a bigger slice of the budget pie and more control over DHS. Trump and Biden are just pieces on a board, and announcing "Trump Scandal!" is only beneficial if the agency heads think they can squeeze something out of the Biden admin in exchange.

Because at the end of the day, every bureaucrat since Allen Dulles knows how power ultimately flows through Washington D.C. Presidents get a seat at the table, but if they overplay their hands... well... ask a Kennedy (or a Nixon) what happens next.

[-] kobra@lemm.ee 2 points 8 months ago* (last edited 8 months ago)

Good point and that’s poor phrasing on my part. I should’ve said “intelligence was seemingly ineffective when it was Russia”

But yeah I guess I want to wish/hope that someone will do something I just don’t think it’s the intelligence community anymore 😞

[-] UnderpantsWeevil@lemmy.world 0 points 8 months ago

I want to wish/hope that someone will do something

A lot of someones are doing a lot of somethings. Trump isn't entering some kind of vacuum uncontested. He's the point of the spear by which a group of theological fascists are carving their way into the higher ranks of government.

There are large parts of the DC intelligence and law enforcement communities that are big Trump-heads. And there's a sizable chunk of the media establishment (The Epoch Times, the Washington Times, OAN, the Clear Channel networks) that are openly advocating for his return. Evangelicals LOVE Trump, and they have enormous outsized sway in national politics thanks to their superior organization and fundraising abilities.

Liberals have sequestered themselves from these venues, so they're not seeing the mood inside Houston Second Baptist Church or the Florida Chamber of Commerce or the LAPD. But there's a real pro-Trump movement in this country that's regained its footing after Jan 6th. They're out fighting for his reelection far harder than the DC liberals are fighting against it.

[-] distantsounds@lemmy.world 3 points 8 months ago

Who intelligences the intelligencers?

load more comments (3 replies)
[-] FuglyDuck@lemmy.world 28 points 8 months ago

"MAY"?!

Grow up. HE is beholden to people. He literally owes them money. He's also owned by Putin outright (probably from bribes relating to Trump Tower in moscow, as well as a few loan deals facilitated by Dueches bank... ,)

[-] Conyak@lemmy.tf 15 points 8 months ago* (last edited 8 months ago)

Isn’t that what a bond is? They fronted the money with the assumption that he will pay it back if his appeals fail. Maybe I’m missing something but this headline seems obvious.

[-] nova_ad_vitum@lemmy.ca 35 points 8 months ago* (last edited 8 months ago)

They don't expect him to pay it back. No reasonable person would expect that. They expect him to do something for them in return should he win the presidency again, for which they will forgive the debt.

[-] tja@sh.itjust.works 14 points 8 months ago

Yes, but why would an insurance company think they would get money back from Donald Trump?

[-] ohlaph@lemmy.world 3 points 8 months ago

Quid pro quo.

Having Trump owe you a favor is a pretty powerful bargaining chip.

load more comments (3 replies)
[-] Snapz@lemmy.world 7 points 8 months ago

Next up, he needs a $500 million dollar bond...

[-] eran_morad@lemmy.world 6 points 8 months ago

putin. It’s putin pulling the strings.

[-] autotldr@lemmings.world 4 points 8 months ago

This is the best summary I could come up with:


Trump, the likely GOP nominee in the 2024 presidential race, was ordered in January to pay $83.3 million to Carroll, a former Elle columnist, for damaging her reputation after she accused him of sexually assaulting her in a department store dressing room in the mid-1990s.

He later added: "There is a simple way of looking at this, is that he has $450 million reasons to be differential if somebody else is putting up the money or co-signing...That issue of who is actually behind this is something that people who are voting should know."

The former president owes further payments in New York after a civil fraud trial judgment was imposed by Judge Arthur Engoron.

Trump was recently fined roughly $355 million, plus interest, in his New York civil fraud case, which accused him, his two adult sons, Donald Jr. and Eric, The Trump Organization and two firm executives of fraudulently overvaluing assets to secure more favorable bank loans and taxation deals.

Meanwhile, Chubb chairman and CEO Evan Greenberg has history with Trump, having been appointed in 2018 to his Advisory Committee for Trade Policy and Negotiations during his presidency.

The Washington Post recently reported it is "not clear from court records what collateral Trump presented to obtain the bond from Chubb."


The original article contains 635 words, the summary contains 211 words. Saved 67%. I'm a bot and I'm open source!

load more comments
view more: next ›
this post was submitted on 11 Mar 2024
321 points (98.2% liked)

politics

19090 readers
3397 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS