this post was submitted on 20 Mar 2024
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Fox News host Mark Levin has called out billionaires for not paying Donald Trump's legal bills after the former president's legal team said paying his $400 million New York civil fraud penalty would be "a practical impossibility."

Trump is seeking a bond of $464 million to cover his fines and a stay in the execution of the monetary portion of the civil trial ruling after Judge Arthur Engoron ruled in February that Trump must pay $355 million for committing fraud. The New York court held that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. With interest, the full payment will be roughly $454 million. Trump's lawyers are appealing the verdict.

On Monday, the Republican suffered a setback after Trump's legal team admitted in a court filing that it is a "practical impossibility" for him to make the $464 million payment and requested a stay pending the outcome of an appeal process. His team had contacted 33 companies to try to secure funding.

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[–] [email protected] 36 points 8 months ago* (last edited 8 months ago)

Fox News: "Bilionaires should pay their fair share"

OK.

[–] [email protected] 7 points 8 months ago (3 children)

On top of everything else, he had months to prepare for this eventuality.

Wouldn't the greatest businessman of his generation know that it takes time to raise that kind of money?

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[–] [email protected] 14 points 8 months ago (1 children)

In response, billionaires should get together and donate a few billion dollars to public defenders, pay off people's medical debt, and offer to buy Mar-a-Lago in order to turn it into public housing.

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

Al Lago is a chintzy motel with a shitty omelette bar. estimated value of less than 5% of the ruling. He's going to have to sell his bedbug infested resorts and ugly golf courses too

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

All his properties are inflated values, thats the Russian money laundering scheme at work.

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

All of them are likely highly leveraged already as well.

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[–] [email protected] 45 points 8 months ago (1 children)

Why doesn't trump, a "billionaire", pay his own damn bond? You just said Blbillionaires can afford it.

[–] [email protected] 3 points 8 months ago (5 children)

Even if this guy wasn’t trying to weasel out of paying a cent, there is some validity to the argument that money in commercial real estate is not particularly liquid.

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

I’m sure there are still a few Russian oligarchs who have enough liquid assets to bail trump out, in return for some massive political favors once they help him con enough rubes into electing him again.

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

The problem is that Trump didn't do enough for them when he was in power and they don't think he could win again. To the oligarchs, Trump is a lost cause. Trash that they don't even have to clean up themselves.

[–] [email protected] 17 points 8 months ago

I'm just waiting for the 24th when it's revealed that MBS is buying a $50 million property from Trump for $550 million thus solving all Trump's problems. It's not like that sort of thing is completely unheard of for Trump. This is just a larger scale.

[–] [email protected] 2 points 8 months ago (1 children)

I think it'd be best it Tailor Swift gives him a loan.

[–] [email protected] 9 points 8 months ago

She's far too good a businesswoman to do a pants-crapping insane thing like that

[–] [email protected] 22 points 8 months ago

Why cant he just pull up his bootstraps and get a job?

[–] [email protected] 116 points 8 months ago (5 children)

Why doesn’t he just pick himself up by his bootstraps and get the 450 million going, lazybones

[–] [email protected] 15 points 8 months ago (3 children)

Didn't he already turn a small $1million loan into a billion dollar empire. Surely, he could turn whatever he has now into the small amount of $450 million

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[–] [email protected] 54 points 8 months ago (2 children)

Nobody wants to work anymore!

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[–] [email protected] 24 points 8 months ago

tHaTs SOciAlISm!

[–] [email protected] 8 points 8 months ago
[–] [email protected] 57 points 8 months ago (1 children)

"Perhaps a billionaire could imagine throwing away half a billion dollars, but even they tend to want to be paid back. Trump could sell buildings, but commercial real estate is in a slump, so it's not a good time for him to do that.

Elon Musk loves setting money on fire apparently, so it is actually surprising he's not bailing trump out...

[–] [email protected] 18 points 8 months ago (1 children)

Even musk must know a bad business proposition Paying that bond will pit you directly in the cross hairs of various agencies

[–] [email protected] 16 points 8 months ago (4 children)

Yeah...

The same agencies that forced him to buy Twitter and trump will attack if he gets power.

Musk is 100% dumb enough to foot the bill thinking if trump wins he gets it back, and gets more free reign to do what he wants without government interference.

If he had the money, I legit wouldn't be surprised if he put up some money.

Like, you can't rule out Musk or trump doing something because its irrational. Most of what they do is irrational

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