this post was submitted on 28 Feb 2024
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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.

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

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.

Good. I love to see him wince. If he has to liquidate everything penny to the pound, even better.

[–] [email protected] 79 points 8 months ago (6 children)

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.

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[–] [email protected] 66 points 8 months ago (2 children)

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.

[–] [email protected] 47 points 8 months ago (17 children)

If Donnie had just stepped back and let Fauci and the professionals take over, he'd have won 2020.

Heck, he could ahve extorted billions out of the Saudis just by suggesting he might change US policy.

All his failures are about his pride.

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[–] [email protected] 26 points 8 months ago* (last edited 8 months ago) (1 children)

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.

[–] [email protected] 11 points 8 months ago

You mean face consequences like a normal person? That's a nice idea, a completely new concept. Consequences for the rich, how delightful!

[–] [email protected] 6 points 8 months ago
[–] [email protected] 3 points 8 months ago

Pea brain Trump can’t math 😂

[–] [email protected] 165 points 8 months ago (4 children)

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.

[–] [email protected] 58 points 8 months ago (1 children)

Did you see that ludicrous display last night?

[–] [email protected] 25 points 8 months ago (3 children)

What was Wenger thinking sending Walcott on that early?

[–] [email protected] 16 points 8 months ago

The thing about Arsenal is, they always try to walk it in!

[–] [email protected] 23 points 8 months ago

The thing about Arsenal is, they always try to walk it in!

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[–] [email protected] 26 points 8 months ago (1 children)

And all these assets are most likely already leveraged to the hilt.

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[–] [email protected] 63 points 8 months ago (1 children)

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.

[–] [email protected] 56 points 8 months ago (2 children)

Better still, is he swore under oath to having $450 million in cash. So if he says otherwise he then opens himself up to charges for lying under oath.

[–] [email protected] 15 points 8 months ago

This has to be the best thing Trump ever did. His appearance in Kevin in New York was shit, I'd rather drink from the toilet than watch the apprentice, but this here, this is hilarious. In a way I don't want it to stop, but then again I want to see him behind bars and his goons wallow in their own tears. This is just epic. I'll gladly subscribe to any streaming service that makes a documentary about it. Even Disney.

[–] [email protected] 9 points 8 months ago
[–] [email protected] 11 points 8 months ago (1 children)

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.

[–] [email protected] 24 points 8 months ago (1 children)

Well, it better not be. I suspect the outcome of this election is going to determine how a lot of things work.

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

Seriously. It's not so far out of what he's already done, to claim that the president actually owns anything that is federal property, and then sell some off to pay those debts to the states.

[–] [email protected] 0 points 8 months ago (2 children)

I wonder how much working capitol him that would leave him with.

[–] [email protected] 6 points 8 months ago

Please don't let him near the capitol.

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

is my toast burning?

[–] [email protected] 26 points 8 months ago (3 children)

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

[–] [email protected] 6 points 8 months ago

Of course she will write the strongest one possible, but this might be a case where her response isn't really that necessary except for procedural reasons--the judge is going to quash this anyway.

[–] [email protected] 17 points 8 months ago (1 children)

*Letitia, and yes she does

[–] [email protected] 7 points 8 months ago (2 children)

Dafuq? I've been reading her name as Leticia all this time. It's like when I found out, after years of reading the name, the the CEO of ULA is named Tory Bruno, not Tony.

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

So, uh... When's the last time you got your eyes tested?

[–] [email protected] 5 points 8 months ago (1 children)

Hey, I'm a Tony and spent yesterday trying to figure out why I was invited to a random one-on-one.
Apparently it was meant for Tong.

[–] [email protected] 2 points 8 months ago* (last edited 8 months ago)

Ahh, the meeting’s all gone Pete Tong

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[–] [email protected] 95 points 8 months ago (2 children)

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.

[–] [email protected] 22 points 8 months ago (1 children)
[–] [email protected] 26 points 8 months ago (3 children)

I have a smaller one to play for him:

[–] [email protected] 5 points 8 months ago (2 children)

That looks like a cello to me

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[–] [email protected] 8 points 8 months ago (1 children)
[–] [email protected] 4 points 8 months ago

Sometimes 🤷

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[–] [email protected] 41 points 8 months ago

...he might need to sell some of his properties unless he gets relief.

[–] [email protected] 119 points 8 months ago (2 children)

💁‍♂️ 🦋

Is this the Art of the Deal?

[–] [email protected] 47 points 8 months ago (4 children)
[–] [email protected] 10 points 8 months ago (1 children)

Goddammit I had my mouth open and everything

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

Did you enjoy it?

[–] [email protected] 7 points 8 months ago

You could have warned me, I didn't save room for dessert!

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[–] [email protected] 32 points 8 months ago

Your emoji meme amuses me.

[–] [email protected] 18 points 8 months ago

Pathetic loser

[–] [email protected] 128 points 8 months ago (1 children)

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.

[–] [email protected] 28 points 8 months ago (3 children)

Let's hope the justice system does too.

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