I'm going to keep posting this until I get sick of reveling in Trump's legal troubles actual starting to have some consequences
this post was submitted on 20 Mar 2024
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I hope to god he looses everything but the gold toilet cause his shit needs to be contained.
He can't get a bond against his properties because he's over leveraged up the wazzooo on all of them.
That's his whole financial shtick, he gets loans against his properties until they come calling for him to repay, then gets more loans somewhere else to pay of the old loans.
That worked for him for the longest time until western banks got wise of this (either because he stiffed them or because he's still paying of his loans with them) and the only places he could lend from to repay the Western banks are questionable money sources.
So now he's in debt with everyone from legit banks to dark money sources and can't get anyone anywhere to lend him any more, especially not half a billion.
We can only hope a bunch of them start defaulting him on his loans and confiscating his properties, so that that whole house of cards starts crumbling down.
Not that I don't believe you, but do you have links for the dark money bit? I realize they may not exist.
Hope he defaults on his loan to a cartel or something.
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So what is the timeline for this? When is all his property out of his hands? I wanna see him get a job.
Can he ask for some kind of emergency injunction to an appeals court if she orders his properties to be sold off to cover it? I'd be really surprised if that wasn't the case.
He's about to be grabbed by the real estate portfolio. Ouch.
Since he's a crook, he lets them do it!
What happens when a regular person can’t get a bond appeal? They lose
Here’s the thing: Trump may have the right to appeal, but he doesn’t have the right to be able to afford the bond. And he if he can’t, there’s no damned reason for the court to give a shit, especially if he refuses to give any solid explanation as to why he both claim to be a “billionaire” while at the same time pleading poverty.
So, Donnie, pay the bond or the state gets to take your shit. End of story.
especially if he refuses to give any solid explanation as to why he both claim to be a “billionaire” while at the same time pleading poverty.
He's not claiming poverty, he's claiming that he will win on appeal, but his wealth is all locked up in real estate, and to make the bond in time he would have to quickly sell a lot of assets, and would likely get taken advantage of while doing so.
It doesnt matter and it doesn't fit trumps typical braggadocios speech, which is why I have no idea why this constantly get misinterpreted.
It’s even more likely that his ownership stake in the real estate holdings has been mortgaged to the hilt and he actually doesn’t have any capital available at all. The most likely reality is that he’s going to have to declare bankruptcy, and is terrified of the public finding out.
Yeah I'm not speaking to what the truth of the matter, only what he's claiming. It would be surprising to me that he has nowhere to go for the money, as you say.
It's just mind numbing to come into every one of these threads and see this nearly exact misinterpretation of what he is saying.
Well, one thing plays into the other— he can’t get a bond because he’d have to put up collateral, and all of these bond companies know he’s up to his cotton-candy bouffant in debt, so all of his properties probably aren’t worth shit, or, at least not worth anything close to what he claims. After all, he was just found liable in this very case for lying for years about that very thing.
How everyone is missing the giant, Raiders of the Lost Ark-style boulder of irony about to crush Trump is what perplexes me.
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It's really a catch 22 for him so he's trying any and everything. He knows it will destroy him when he has to pay this. His empire is a hollow shell leveraged to the tits.
If when the state starts selling these properties they're gonna have to sell them all and even then it won't be enough so he'll have any trump org royalties garnished too until kingdom come.
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Out of the whole shitstorm surrounding orange man rn, this is the one I pin my hopes on to bring him to his knees first. 🤞
Would be hilarious if they confiscated and evicted him from Mar-a-Lago.
It really has the possibility to not only hobble his campaign and his ego, but to also mentally unbalance him even further since he's built his entire personality around being rich. He's almost certainly in a situation where he will end up having to declare bankruptcy
All I can picture is him on the podium telling his followers how smart declaring bankruptcy is. Then seeing a huge wave of Donnie's dumbest fille for bankruptcies across the nation.
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The only way to really hurt rich fucks is to fuck with their money.
This is painful to trump in ways that normies like us simply can’t understand.
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Bankruptcies come in 7s
It has the potential to bankrupt the rnc once he gets lara to give him all that rnc cash
And even this won't save him because rnc doesn't have that kind of money.
But let’s go ahead and let them spend all they have to be safe. :D
Every little helps!
The sooner the amphetamines give him that stroke, the better it is for the nation.
Eh, I think it's far better for the nation for him to lose than to die before that happens.
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Fingers crossed 🤞
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Declare bankruptcy again*
This is different.
Trump's companies have declared corporate bankruptcy, which gave them time to restructure.
But corporate bankruptcy won't work this time, because Trump is personally on the hook. So he would have to declare personal bankruptcy.
And that's a whole different process, where creditors get in line to take your belongings. Alex Jones and Rudy Giuliani are going through it, and Trump definitely does not want to.
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