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submitted 9 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

Trump fears he may have to "sell Great Assets, perhaps at Fire Sale prices"

Former President Donald Trump lashed out at the judge who imposed a $450+ million penalty in his New York fraud case after his lawyers admitted he was unable to secure a bond to appeal the case.

Trump’s lawyers on Monday asked a New York appeals court to stay the enforcement of the judgment in his fraud case, saying it has been impossible to secure a bond necessary to appeal the judgment after approaching 30 different underwriters.

The former president lashed out at the judge on Truth Social after the filing.

“Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!” Trump falsely wrote. New York law requires a defendant to put up the full judgment amount with interest in order to appeal a civil judgment.

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[-] TehWorld@lemmy.world 216 points 9 months ago

Maybe he should try “not committing crimes”.

[-] dhork@lemmy.world 81 points 9 months ago

It's more than just not commiting crimes. These are civil judgements, after all, and technically not criminal matters. But at their heart, we will find lots and lots of lying. Lying about his interaction with Carroll, lying about the values of his properties, all very public lies. Lying to the point where, when his lies are exposed, he keeps lying. His dishonesty has no limits.

It amazes me that people admire that.

[-] Dagwood222@lemm.ee 28 points 9 months ago

It's a Catch -22. He's rich, therefore he must be smart. The people who vote for him think it's their fault they haven't got money. They love him because he acts the way they would if they were rich.

I like to read old comics. Pretty much every Superman cover from the 1950s shows Supes doing something that looks stupid or evil. "Why Is Superman Throwing Lois Into a Volcano?" And of course there's always a great reason, because Superman can never be a bad guy.

[-] jordanlund@lemmy.world 14 points 9 months ago

I actually wrote a thesis on that, the turning point for Superman covers was more in the late 60s, around the time of the Tet Offensive in '68.

Pre-1968 Superman covers:

(1965)

(1966)

Post-1968 Superman covers:

(1969)

(1970)

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[-] jballs@sh.itjust.works 12 points 9 months ago

So you gonna leave us hanging? Why did Superman throw Lois into a volcano?!

[-] Dagwood222@lemm.ee 9 points 9 months ago

A] Alien shapeshifter revealed when they transform to escape

B] Robot duplicate

C] Only way to reverse a magic spell

D] She was pegging Perry White and that shit will not stand.

E] All of the above

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[-] Mog_fanatic@lemmy.world 9 points 9 months ago

It really is wild to me how people equate wealth with intelligence. So many people think the biggest dumbasses in the world are literal geniuses just because they got tons of money lol it's crazy.

[-] CosmicTurtle@lemmy.world 21 points 9 months ago

People don't admire the fact he's a liar.

They admire him because he's a racist, homophobe, and transphobe.

They admire him because he says things they wish they could say without getting yelled at by liberals.

They are okay if he's a liar, sexist, misogynist asshole so long as he's also racist, homophobic, and transphobic.

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[-] PrincessLeiasCat@sh.itjust.works 10 points 9 months ago

Hey now…let’s not get too crazy with these ideas!

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[-] ramble81@lemm.ee 164 points 9 months ago* (last edited 9 months ago)

But I just saw Bezos’s ex-wife drop $680M to charities like it was nothing. Surely he, as a billionaire, could just drop that money too, right? I mean he only owes 2/3 of that amount, so it’s even less for him.

[-] AdamEatsAss@lemmy.world 35 points 9 months ago

If only he had married a soon to be rich man:/

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[-] Burn_The_Right@lemmy.world 84 points 9 months ago

🤣 What makes him think he'd qualify for a mortgage?!

This motherfucker has never made a legitimate penny in his life and is world famous for not paying his bills. He shouldn't qualify for a studio apartment lease, much less a mortgage.

[-] Nougat@fedia.io 42 points 9 months ago

He's already got loans out on all the properties. There isn't any equity left to mortgage against.

[-] Dkarma@lemmy.world 13 points 9 months ago

This is it exactly. Idk what he's even bitching about. He has the rnc to pay now didn't he?

Trump nft anyone?

[-] orclev@lemmy.world 36 points 9 months ago

I saw a comment somewhere that claimed the RNC only has like $10 million in funds, wouldn't even put a dent in what he owes.

It's funny how badly he has screwed himself. He's spent decades overinflating the value of his properties and then taking loans and mortgages out on them and using that to claim he's a billionaire. Now the courts used his own claims of how rich he is to issue a fine and he's struggling to pay it because his actual net worth is a tiny fraction of what he has claimed it is. He's basically created his own personal sub-prime mortgage bubble and it's teetering on the edge of collapse now.

[-] Socsa@sh.itjust.works 18 points 9 months ago

The funny part is that he could have just kept getting away with it until his brain finally strokes out, but instead he decided that he would rather destroy US democracy instead of just living out his life as a rich old man.

[-] Nfamwap@lemmy.world 11 points 9 months ago

Keep going, I'm almost there!!

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[-] xantoxis@lemmy.world 10 points 9 months ago

I almost feel bad for the banks about to record a default on all his properties, since the courts get first dibs on them.

I don't, though.

[-] N_Crow@leminal.space 80 points 9 months ago

If you are broke you shouldn't commit crimes. Doesn't he know how capitalism works? You need to be RICH to be immune to the law.

Maybe he should have stayed a fat billionaire a**hole who puts his name on everything and doesn't get involved in politics.

[-] ProIsh@lemmy.world 29 points 9 months ago

Ego is a hell of a drug. Obama destroyed Trump and our supreme court with one joke.

[-] toastus@feddit.de 24 points 9 months ago

Problem is, he never was a fat billionaire asshole.

He was a fat millionaire asshole pretending to be a billionaire (if even that, considering his debt).

Which is especially counter to his claims to be a good businessman considering he would have easily become a billionaire if he just invested his heritage in something like S&P 500 instead of playing mogul.

[-] Milk_Sheikh@lemm.ee 17 points 9 months ago

Seriously. Fred Trump gave him a platinum inheritance of varied real estate, but Donny had to prove he was better than daddy - and blew it on decades of high profile prestige projects and bad investments.

There are a lot of dumb old money inheritors who are smarter than Trump because they trust their financial advisors.

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[-] jordanlund@lemmy.world 67 points 9 months ago

"Nobody has ever heard of anything like this before."

Except when you had to do it twice already for the E. Jean Carroll appeals...

[-] Track_Shovel@slrpnk.net 62 points 9 months ago
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[-] RagingSnarkasm@lemmy.world 61 points 9 months ago

"I may be forced to face minor consequences for my actions."

Fixed that headline.

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[-] FuglyDuck@lemmy.world 54 points 9 months ago* (last edited 9 months ago)

"Great Assets" sounds like an in-house walmart brand.

or maybe k-mart's in house brand knocking off walmart's inhouse brand.

[-] Furedadmins@lemmy.world 13 points 9 months ago

Sounds like a strip club off wall Street.

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[-] Greyghoster@aussie.zone 52 points 9 months ago

How sad. A supposed billionaire force to mortgage for a piddly $450m. I suppose it will teach him that honesty is the best policy🤭

[-] Nfamwap@lemmy.world 14 points 9 months ago

I wish I shared your optimism that this narcissistic fuck has even the slightest hint of introspection.

[-] 58008@lemmy.world 49 points 9 months ago

The world's smallest violin could not be reached for comment.

[-] Milk_Sheikh@lemm.ee 82 points 9 months ago
[-] PutangInaMo@lemmy.world 15 points 9 months ago

Can somebody please photoshop a red Maga hat on this?

[-] Evil_Shrubbery@lemm.ee 13 points 9 months ago

So talented!! <3

[-] SPRUNT@lemmy.world 46 points 9 months ago
[-] Darkassassin07@lemmy.ca 41 points 9 months ago

Good. I hope he gets to watch every square inch of his pathetic 'empire' burn before being hauled off to prison.

[-] jkrtn@lemmy.ml 39 points 9 months ago

"Falsely wrote" is close, but the correct verb is probably "lied."

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[-] NotAtWork@startrek.website 25 points 9 months ago* (last edited 9 months ago)

Is not having $450 million going to hurt his appeal that he wasn't lying about having billions?

Where is Alanis Morissette when you need her.

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[-] Badeendje@lemmy.world 24 points 9 months ago

Only if the buildings are not already leveraged to the hilt. This could very well be a domino that causes all others to fall.

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[-] TokenBoomer@lemmy.world 23 points 9 months ago

Time to flip the game board, he lost Monopoly.

[-] friend_of_satan@lemmy.world 21 points 9 months ago

Isn't he a great business man? Wouldn't mortgaging be something a great business man would strategically do? Surely it's not him lying again. Surely it's not his ego.

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[-] Rentlar@lemmy.ca 19 points 9 months ago
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[-] Gork@lemm.ee 14 points 9 months ago

If Trump gets elected again (a not insignificant probability), is there a chance he could just absolve this debt by Executive order as President?

[-] Crowfiend@lemmy.world 22 points 9 months ago

In theory, the way the US was set up as a nation, the Judicial branch of the government and the Legislative branch are supposed to stop things like that from happening.

In practice, bribes talk better than speeches or facts.

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[-] itsgroundhogdayagain@lemmy.ml 13 points 9 months ago

Mortgage interest is tax-deductible, Donny!

[-] Jubei_K_08@lemmy.world 12 points 9 months ago* (last edited 9 months ago)

Looks like we're having a Fire Sale boys. Get your monies ready.

😎👉👉

[-] FinalRemix@lemmy.world 10 points 9 months ago

I don't want anything of his.

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[-] strawberry@kbin.run 11 points 9 months ago

damn he's uglier and oranger than I remember him

I wanna see him try and sell the property for that 50-100 times more than what the judge said it was worth

[-] cosmicrookie@lemmy.world 11 points 9 months ago

If he wasn't a villain already then this is the making of one.

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this post was submitted on 20 Mar 2024
512 points (98.7% liked)

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