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Letitia James live tweets daily interest charges on Trump’s $464m fraud ruling
(www.independent.co.uk)
Oh, I like her.
this post was submitted on 27 Feb 2024
593 points (98.2% liked)
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Me too. It's so refreshing to see officials ready to do their job and hold him accountable.
I wish I could earn in a year what he lost in a day. It would solve so, so many hardships I face in life.
F him for grifting so damn much
It's a brutal reminder of just how staggeringly rich the truly rich are.
A dollar amount in a day that's so much more than most have over a year.
Imagine never having to worry about the price of anything ever.
He lost? Fuking idiots are donating on GoFundMe to a billionaire...
Fake billionaire. Still wealthy, but dude is Prince Ali, only with pedo/creep tendencies and no Genie and a cult following... maybe more on the level with Kenneth Copeland...
I used to be really confused by the "fake it 'till you make it crowd" but in the recent years I realized how far it can take you when people just think that you are rich. I really can't wait until this planet sluffs us off like fleas and something better comes along in a million years.
He gave $130,000 hush money to Stormy Daniels for not letting it get out that he cheated on his wife with her.
I could probably stretch $130,000 into a good 5 years of living if I was careful without even doing anything involving investing or whatever.
She screamed at Cuomo and made him sign for legal cannabis in NY after that bastard was gonna delay it another year.
She doesn't back down to anyone.
He wanted it as a bargaining chip, what a swarmy bastard
Trump live Debt counter:
+$100.00 every 1 minute & 13 seconds.
Love it!
Bleed him dry.
It's fun to sit and watch the numbers go up
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Let's be clear: this lady rocks. Good on her - and the million victims of this "victimless" crime. The people of New York.
The funny part is how so far Trump hasn't posted a bond for the appeal. Trump doesn't *have * to do it but the consequences of not doing so are basically calamitous - if he doesn't post bond then the state can seize and sell off his property to the amount he owes. Then both sides fight about it for a year or whatever while the money sits in the court's account and he is deprived of revenue from the properties sold. Oh and the interest keeps accruing. And the lawyer bill will be in the tens of millions.
I'm sure the state won't be sensitive to his reputation when deciding what to seize to cover the debts. Can you imagine the hilarity that would ensue if they sold off Trump Tower or one of his other flagship properties?
So Trump is screwed. If he does somehow post bond there will be a lot of people asking how he managed it since he surely doesn't have the cash. In that case expect firesales of his other properties and loans from super shady foreign businessmen.
I can imagine there are more than a few foreign (and domestic) billionaires salivating at the idea of buying a GOP presidential frontrunner while simultaneously securing fire-sale level security positions on his properties.
That the fun thing about what SCOTUS decided. Now that money is speech, foreign powers can set up PACs which claim to be helping a candidate get elected but are actually able to pay that candidate's legal fees for something totally unrelated and it's all totally legal!
God bless America, am I right?
Incidentally, on the day of the judgement, Elon's jet was in the vicinity of Mar-a-Lago.
His plan is to become president and make those things go away. Seriously. How they go away isn't important to him, so the calamitous side effects it would cause would be of none of his concern.
Of course it doesn't work that way in a democracy. So they're doing away with that too. If you're an autocrat, suddenly state attorneys general don't really have any power over you.
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They need to sell Trump Tower to someone that promises to show the exact same respect that Trump showed to the historic landmark that had multiple pieces of art promised to The Met, when he bought the property. Then, shove as much of his gaudy shit in there and demo the whole lot.
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loans from super shady foreign businessmen
So the same it's been for 35 years.
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I assume the interest is compounding so the amount should increase each day.
I stand corrected. It's simple interest. I'm genuinely surprised by this.
No compounding for the wealthy. Only poor people pay interest on interest. /s
It's simple interest, not compound interest.
So it just adds the same amount each day: just under 0.025% of the original fine (i.e. 9% per year, accrued daily).
At least according to the Legal Eagle video I watched about it.
Edit: Thanks jmfwnsfw for the correction. I originally said 9% per day which is insane. It's 9% per year, accrued daily.
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If I recall correctly from a story when the judgment was handed down, the law in NY makes it so it's calculated as simple interest rather than compound. Someone correct me if I'm wrong. $110,000/day seems very small when compared to the $465,000,000 he owes within less than a month though
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Top trolling
and that is the perfect response to Dumps "peek-a-boo" shit
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