Robert Reich posted this the other day and I can't help but think this is probably more accurate than anyone in the Trump org wants to admit.
Alternatively, putting them up for collateral would require their real valuation to be assessed, which someone guilty of lying about their worth for sure wouldn't want to be known.
I could imagine banks being suspicious after that trial as well.
Hell, the NYAG would be interested, because just that fact would probably tank his appeal instantly.
"Your Honor, the value of the property Defendant put up as collateral for this appeal is less than the value of the property Defendant has claimed on his taxes and more than the value of the property the Defendant has claimed in various loan applications, and I need not remind the court they're all the same property, therefore we move to dismiss this appeal because duh."
That's the real reason he's scared now, it'll be known how little he actually has in equity once the AG has to start selling them off.
I hope not, but I think there's a strong possibility that Trump has a devil's bargain available to get him the money but it's almost worse than everyone knowing he's pretty broke. Mean maybe not since that's his whole charade, he pretty much kowtowed to Putin in front of cameras at Helsinki (think that's the spot where he denied US intelligence agencie's opinion) so here's to hoping he's actually going to have at least some comeuppance to his life of fraud.
Don't fool yourself into thinking Trump has no money. He does have money, he's just lying about the amount.
The answer is probably very simple. He probably has enough assets to pledge them as collateral for a loan, but he doesn't want to. He wants other people to pay instead. That's how he always works and why no one in NYC will do business with him.
The fine becomes payable with interest if you lose the case on appeal, which is nearly inevitable.
So he may be able to post bond by collateralising assets but is he able to pay the fine when he inevitably loses the appeal?
Also bond loans are not free. That's what he's afraid of - singing off a building's ownership to a bond holding company means it's gone.
He'd rather fight the procedural slow-moving government instead of a company whose actual job is relieving people of assets all day long.
The answer is probably very simple. He probably has enough assets to pledge them as collateral for a loan, but he doesn’t want to. He wants other people to pay instead. That’s how he always works and why no one in NYC will do business with him.
Pretty much.. why pay anything at all if you can get somebody else to do it.
He doesn't want to pay for it. He doesn't want to pay the loan fees. The rich have always factually been above the law and in this case there seems to be more than a few people who are willing to go along with just giving the guy stacks of cash. Even if someone offered him the full amount i'm guessing he would keep soliciting for donations for it to see what he could get out of it.
It's business fraud 101 and he's a master of it. He wouldn't be where he was if he was stupid.
He's also trying to sway public opinion to be on his side, it props up his campaign and is on message of being politically persecuted whether or not it's true. It's on message with the republican party's "the democrats are the enemy" unification strategy too. If the judge backs down and asks for less or maybe even nothing at all then suddenly he's off scot free until the appeal is done. Odds are the appeal would not increase the fines either.
Seize that fucker and turn it into low-income housing.
Or...
(I enjoy posting that image almost as much as I enjoy posting Riker.)
With a Planned Parenthood and an all-you-can-eat salad bar and a gym and a school on the ground floors.
Don't forget a gay bar.
And a courthouse.
and name it obama tower
They like dog whistles on the other side. Locate a office of the Bureau of Land Management there.
Rename the building to: BLM Tower
I think there‘s no need to be so blunt. Just rename it for what it is: Office Building of Awful Modern Architecture (O.B.A.M.A.).
The Barack Obama Center for Diversity and Inclusion
A few entire floors dedicated to pro bono immigration attorneys.
Public assistance is just a crutch. It only will drive him to drugs and a life of dependency. He'll be fine once he gives up all that Starbucks and avocado toast.
Fuck, I love this idea so much. Maybe a health clinic on the ground floor too.
All this must really be stressing him out. Good. I sincerely hope he's stress-eating 'hamberders' on the toilet.
👏👏 Let's go, cholesterol, 👏👏 let's go!
Hope his tower get sized, he dies from the stressful situation, the tower get on a legal limbo never to be part of the Trump family again.
It should happen right before the election though so the GOP doesn't have time to find another nutjob to put in his place.
They already don't. The closest they had to a candidate was nikki haley and she is now just as hated by "the base" as cheney or romney.
And for as much damage as trump et al have done: It is well worth looking up clips of the times he said stuff like "I am not against vaccinations" and actually got booed by the crowd. He is not the source of the evil and is instead just a symptom of it and needs to play to his base as much as any politician.
So if he does have a truly tragic and sad heart attack: There basically won't be a republican candidate for POTUS this fall. We'll just speedrun to the "they stole the election, get your guns" stage of 2024.
Can't wait to see what goes up in place of Trump Tower. It's like the circle of life, Trump devours a New York landmark for his building and now the gawdy tower can be repurposed or rebuilt into something better for New York.
I'm hoping for a Spirit Halloween by October
Suffer, you sack of orange shit
I hope they use Trump Tower to house the homeless immigrants being shipped in from Texas.
We've gone from Charleton Heston talking about guns, "From my cold dead hands!" to DJ Trump saying, "KEEP YOUR FILTHY HANDS OFF TRUMP TOWER!" as if they were some sort of American national monument and not the sleezy shithole that it is.
He should just ask Trump for money, I heard he's loaded.
Oh.
Guess we shall now see if human stupidity really is infinite...
Maybe we should stop calling it taxes and just start a GoFundMe for universal health care, it seems to be more effective lol
Well that might take a while longer than he has lol
Edit: 21:00 CET, so over 24h later... well that's not going well, isn't it :-D
Probably shouldn't have committed all that fraud then.
Maybe he needs a gofundme, just like regular Americans who can’t afford stuff like health care or unexpected funeral costs. See? He’s just like us.
Mr Trump’s lawyers notified an appeals court earlier this week that their client has failed to raise the capital to cover the bond, saying finding a surety company to help them was proving a “practical impossibility”.
The former president has approached “about 30 surety companies through four separate brokers”, his attorneys said, but had so far come back empty-handed in the face of “insurmountable difficulties”.
“Critical among these challenges is not just the inability and reluctance of the vast majority of sureties to underwrite a bond for this unprecedented sum, but, even more significantly, the unwillingness of every surety bond provider approached by defendants to accept real estate as collateral,” his attorneys wrote.
Wait, so you're telling me that all those surety companies aren't willing to loan money to a known grifter who is famous for not paying back his loans? I'm shocked, I tell you, shocked!
Ok, not that shocked.
You left out “who is known to grossly overvalue the properties he’s trying to use as collateral?”
It continues: “Democrats think this will intimidate me. They think that if they take my cash to stifle my campaign, that I’ll give up! Here’s one thing they don’t know: WE WILL NEVER SURRENDER!”
Your mugshots say otherwise.
I can not wait for NY state to convert that building into homeless shelter and shelter for human-trafficking victims from Texas
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