this post was submitted on 26 Feb 2024
266 points (98.9% liked)

politics

19107 readers
3201 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
 

Experts say a cash crunch in coming weeks could thrust the former president’s business into greater uncertainty than it has seen in decades

Hours after a New York judge ordered Donald Trump to pay a $355 million penalty for submitting false data to financial institutions, the former president railed against the decision during a fundraiser at his Mar-a-Lago Club with some of the Republican Party’s wealthiest donors.

Trump claimed at that Feb. 16 gathering that the judge in the civil fraud case had made history by ordering him to pay such a staggering sum, according to two people who were there. He suggested that the judgment was so severe that the public would consider it unfair and rally in support. Over and over, he returned to the penalty, livid at its size.

The episode offered a glimpse of Trump’s preoccupation with a legal decision that threatens his wealth and has thrust his business empire into greater uncertainty than perhaps any time since the 1990s, when his Atlantic City casinos fell into extreme debt, leading six of his companies to file for bankruptcy.

Trump, who built his business and political identities around boasts of financial savvy, now faces an immediate cash crunch of more than a half-billion dollars — the combined cost of two legal battles that will now test the limits of his personal wealth.

Non-paywall link

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 38 points 8 months ago* (last edited 8 months ago) (4 children)

I never honestly expected him to appeal. It was all blustering and threats in an attempt to bully the courts into giving him more leeway, and to secure more donations from his rube supporters.

Donald Trump knows full well that these civil judgements don't matter at all. Unless he is able to win this election, he is going to spend the rest of his life in prison. Once this country learns what he was really doing with those classified materials, and how much of a traitor he really is then he will be well and truly fucked.

None of this money matters at all right now. If he gets back in the oval office he will manipulate the courts in a way that will guarantee he never pays, and if he doesn't he is going to flee the country or tear it apart.

[–] [email protected] 6 points 8 months ago (1 children)

At this point I think even if he's proven in court a traitor he would still get votes. No matter the outcome this election year, the country is going to be in a crazy amount of turmoil

[–] [email protected] 3 points 8 months ago

I wholeheartedly agree, on all points.

[–] [email protected] 1 points 8 months ago
[–] [email protected] 10 points 8 months ago

“His Ruble supporters.” FIFY.

[–] [email protected] 15 points 8 months ago (1 children)

You don’t think going broke and having his assets seized, and possibly having to declare bankruptcy, won’t impact his image during the election at all? You can’t possibly be that naïve.

[–] [email protected] 38 points 8 months ago* (last edited 8 months ago) (1 children)

No, I don't. Anybody who already supports Trump will just see him as even more of a martyr or defender of their cultish honor. Everybody else already knows he's a fuck up and a confidence man, so this is totally on brand for him.

I'm also not convinced it will materially impact his election chances since that money is coming from PACs that are separate from his personal wealth. There is very little these civil cases are going to do to impact anything at the moment beyond putting additional pressure on him. It has always been the criminal cases that were the real concern, and his primary focus.

As I said, if he can avoid becoming a felon and win the election he will make these civil judgements disappear one way or another, and violently if necessary.

[–] [email protected] 6 points 8 months ago (2 children)

I'm not so sure.

We might find that Trumps support from wealthy donors and power brokers starts to wane.

[–] [email protected] 0 points 8 months ago (1 children)

That’s what you’re not getting. To the wealthy donors and power brokers, Trump is “their guy”. Covering his legal bills is just the price of entry. Remember: it’s a big club, and you’re not in it.

[–] [email protected] 2 points 8 months ago

Trump is “their guy”.

Well yes, but there must come a time when they start to consider that propping him up may not be worth their efforts.

[–] [email protected] 4 points 8 months ago

One can hope 🙏