politics

We do not negotiate with terrorists.

Without a stay, Mr. Trump’s lawyers warned, he likely would have to sell some of his New York properties “under exigent circumstances,” in what would be a punishing blow to the former president.

Oh no! It’s almost as if he will have to face negative consequences for his actions.

Anyway, did anyone see the Charlotte FC game last Saturday? That was a killer goal scored.

I would think Trump, like any organized crime boss, understands the difference between “here’s what I owe you” and “here’s a quarter of what I owe you.”

One results in broken legs, one doesn’t.

💁‍♂️ 🦋

Is this the Art of the Deal?

Donald J. Trump offered a New York appeals court on Wednesday a bond of only $100 million to pause the more than $450 million judgment he faces in his civil fraud case, saying that he might need to sell some of his properties unless he gets relief.

It was a stunning acknowledgment that Mr. Trump, who is racing the clock to either secure a bond from a company or produce the full amount himself, lacks the resources to do so.

Once a deadbeat always a deadbeat.

I want them to seize the Trump tower and turn it into low-income housing and a job training/community college with whatever liquid assets they do squeeze out of him. Use the disgorgement to help the people of New York have better lives.

Florida Man who claimed to own billions loses court case and is too poor to pay what is ordered, begs court for mercy after complaining judgement is too harsh.

LOL I love the idea that you can negotiate here. It's pretty clear that they really don't understand the ramifications of what has happened.

When Trump was first elected, it was clear that they never actually planned to win and govern. They had no plan, no staff in place, nothing. They literally didn't understand that you needed to do that.

If Trump had just stayed a celebrity real estate agent, nobody would have paid much attention to his business dealings. It's clear that they didn't understand that life would change after becoming a political figure. The same keeps happening--they can't seem to get that he's not a private business person whose dealings are opaque.

It's pretty clear he doesn't have the cash to pay the judgement in full, and will need to sell illiquid assets at a discount in order to pay the full amount

It's even better. The court-appointed special monitor Barbara Jones now has the power to start seizing assets until he meets the requirements to have an appeal. And, the interest meter is running, at $3mil/month.

Basically, he needs to pony up the money. Period. If the Appellate Court finds Engoron made his judgement beyond reason, they would then go through another process to determine how the courts would pay back whatever is necessary.

He's fucked.

When will he learn that this is not one of his crooked deals, but a "pay up or shut up" situation? I hope he'll have to sell his real estate pennies to the dollar.

What will happen if everything is sold and he is still in debts?

It's his standard operating procedure: offer a down payment and get the goods, then skip town and never pay the rest. Only I don't think it's going to work out for him this time...

I hope Leticia James has a really good response to this.

It's like someone playing Monopoly who has to start selling hotels and houses to pay off the Street Repairs card from the Community Chest asking to pay $100 instead.

Street Repairs: You are assessed for street repair. $40 per house. $115 per hotel

There should be zero leniency for Trump. Make him sell those hotels at a loss if necessary.

Art of the Deal 🤣🤣🤣

Just like in monopoly he can just mortgage a hotel. He's a billionaire, right??? 😏

Pathetic loser

Delaying hoping he gets back in office and can somehow affect the justice system to prevent the ruling.

That's not how it works, Donny Boy.

This is the best summary I could come up with:

Mr. Trump, who is on the clock to either secure a bond from a company or produce the full amount himself, also asked the appeals court to pause enforcement of the financial penalty and a wide range of other punishments the judge levied.

In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request.

“The exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” the lawyers wrote.

Posting bond for the full amount would prevent the New York attorney general’s office, which brought the fraud suit, from collecting the judgment until Mr. Trump’s appeal is resolved.

As of last year, he was sitting on more than $350 million in cash, as well as stocks and bonds he could sell in a hurry, according to a recent New York Times review of his financial records.

“There is no merit to defendants’ contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount,” the attorney general’s office wrote.

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