Judge orders Trump and companies to pay nearly $355 million in civil fraud trial

[Roo Island]

12 hours ago, Yellowtail said:

That's hilarious. Nothing at all like the Trump case. 

Real estate fraud. Just one of thousands of cases. We call it cooking the books. Exactly what Trump did. Improperly value property for better loans and insurance. Hardly hilarious.

[EVENKEEL]

28 minutes ago, Lacessit said:

Her comments concerning Trump's performance were quite hilarious.

The only thing that matters is whether Trump had a good time. And, I'd wager he did.

[earlinclaifornia]

4 minutes ago, EVENKEEL said:

The only thing that matters is whether Trump had a good time. And, I'd wager he did.

Yeah, that is true, but having the world laughing at stories about a persons junk is very embarrassing . 

[EVENKEEL]

17 minutes ago, earlinclaifornia said:

Yeah, that is true, but having the world laughing at stories about a persons junk is very embarrassing . 

I wouldn't know, I try to stay away from hooker gossip.

[Roo Island]

26 minutes ago, EVENKEEL said:

The only thing that matters is whether Trump had a good time. And, I'd wager he did.

The only thing that matters now is will he go to jail for the fraud....and how much will he have to pay. Pretty expensive for a short time.

[frank83628]

12 hours ago, Lacessit said:

His eyes are focusing, Trump's are not.

no, because Trump doesn't need to focus on a telepromper.... 'end of quote'

[Lacessit]

1 hour ago, EVENKEEL said:

The only thing that matters is whether Trump had a good time. And, I'd wager he did.

He is not having a good time now.

 

Trump has posted an appeal against the judgment. He has not posted the bond.

 

There are several possible conclusions from this action.

 

1/ Trump does not have the billions he has always boasted about.

2/ He cannot find anyone who is dumb enough to post the bond for him, and is hoping one will turn up before the 30 days expires.

3/ No bank thinks he is a good credit risk for a loan to cover the bond.

4/ He is negotiating with Putin or the Saudis, it depends on the price they will demand for lending a hand.

 

If he does not come up with the bond by the end of March, Letitia James can start seizing assets. The appeal becomes irrelevant when she completes the process of seizure.

 

I don't imagine she will be dragging her feet, as Trump does.

 

 

Edited February 27 by Lacessit

[Lacessit]

9 minutes ago, frank83628 said:

no, because Trump doesn't need to focus on a telepromper.... 'end of quote'

Trump does not use a teleprompter because he says the first thing that comes into his head.

It's a combination of non sequiturs, going off on tangents, blatant lies, and gibberish.

What's really depressing is poorly-educated Americans accepting his nonsense as gospel.

[Roo Island]

15 minutes ago, frank83628 said:

no, because Trump doesn't need to focus on a telepromper.... 'end of quote'

Right. When he doesn't, he confuses Haley with Pelosi and goes on a tirade of misinformation.

[Rimmer]

A personal attack has been removed

[Roo Island]

15 minutes ago, placeholder said:

Actually, the problem may be that he's dyslexic. Ex-advisors to him repeatedly said that he prefers very short written info with lots of graphics. In fact, pictures were what they used to entice him into looking at various briefs and reports.

Most of know he's not very smart

 

https://fortune.com/2015/08/20/donald-trump-index-funds/

 

Donald Trump’s net worth has grown about 300% to an estimated $4 billion since 1987, according to a report by the Associated Press. But the real estate mogul would have made even more money if he had just invested in index funds. The AP says that, if Trump had invested in an index fund in 1988, his net worth would be as much as $13 billion

[gargamon]

7 minutes ago, Roo Island said:

Most of know he's not very smart

 

https://fortune.com/2015/08/20/donald-trump-index-funds/

 

Donald Trump’s net worth has grown about 300% to an estimated $4 billion since 1987, according to a report by the Associated Press. But the real estate mogul would have made even more money if he had just invested in index funds. The AP says that, if Trump had invested in an index fund in 1988, his net worth would be as much as $13 billion

That 2015 article you reference was based fully or in part on Trump's own property assessments. And we all now know how accurate Trump's assessments are.

 

That said, I agree with your premise. If Trump had put the $400 million he got from his father in an S&P 500 index fund he'd be much richer now. Add in the suitcases of  cash his daddy put into the money hemorrhaging Trump casinos in Atlantic city and he'd be even richer.

 

S&P 500 has averaged over 10% gain per year since I began putting money there in 1985.

[Yellowtail]

4 hours ago, Roo Island said:

Real estate fraud. Just one of thousands of cases. We call it cooking the books. Exactly what Trump did. Improperly value property for better loans and insurance. Hardly hilarious.

Not at all similar. 

[Yellowtail]

31 minutes ago, Roo Island said:

Most of know he's not very smart

 

https://fortune.com/2015/08/20/donald-trump-index-funds/

 

Donald Trump’s net worth has grown about 300% to an estimated $4 billion since 1987, according to a report by the Associated Press. But the real estate mogul would have made even more money if he had just invested in index funds. The AP says that, if Trump had invested in an index fund in 1988, his net worth would be as much as $13 billion

Most leftists know he's not very smart, just like they know he's broke and he's a puppet for Putin and he's a racist antisemite. 

 

Had he just invested in an index fund, he would have lost half of it to the tax man, and it would not have allowed him the lavish lifestyle he enjoys. 

 

 

 

 

 

[Roo Island]

6 minutes ago, Yellowtail said:

Not at all similar. 

It's fraud. That's a proven fact.

[Roo Island]

Just now, Yellowtail said:

Most leftists know he's not very smart, just like they know he's broke and he's a puppet for Putin and he's a racist antisemite. 

 

Had he just invested in an index fund, he would have lost half of it to the tax man, and it would not have allowed him the lavish lifestyle he enjoys. 

 

 

 

 

 

Why label everyone who wants to hold Trump accountable a leftist? I'm guessing you're not a financial advisor....

[Yellowtail]

1 minute ago, Roo Island said:

Why label everyone who wants to hold Trump accountable a leftist? I'm guessing you're not a financial advisor....

And I'm guessing you're a leftist. 

[placeholder]

8 minutes ago, Roo Island said:

Why label everyone who wants to hold Trump accountable a leftist? I'm guessing you're not a financial advisor....

No need to guess. Clearly, someone who thinks that unrealized capital gains would result in taxes is clearly clueless about finances. On top of which, anyone who knows anything about capital gains taxes in the US knows that they don't approach anywhere near 50%. Long term capital gains taxes top out at 20%. Even short term gains (less than a year) top out at 37%.

[metisdead]

A post with a video from an unapproved social media source contravening our Community Standards has been removed.  Please remember social media cannot be used unless it is from a credible news media source or a government agency.

 

Some off topic posts and replies were removed.

[earlinclaifornia]

3 hours ago, frank83628 said:

no, because Trump doesn't need to focus on a telepromper.... 'end of quote'

i better delete this

Edited February 27 by earlinclaifornia

[Yellowtail]

1 minute ago, placeholder said:

No need to guess. Clearly, someone who thinks that unrealized capital gains would result in taxes is clearly clueless about finances. On top of which, anyone who knows anything about capital gains taxes in the US knows that they don't approach anywhere near 50%. Long term capital gains taxes top out at 20%. Even short term gains (less than a year) top out at 37%.

Okay, half was an exaggeration, but New York takes another 11%, yes? 

 

Had he invested all his money in an index fund, what would he live on? What would he buy jets and whatnot with? 

 

Let me think, would I rather have Mar-a-Lago and hotels all over and a private jet, or an index fund, That's a tough one. 

 

Don't worry teacher, if Biden and the left get their way, they will be taxing unrealized capital gains. 

Joe Biden's billionaire tax is dead on arrival (cnbc.com)

 

[placeholder]

27 minutes ago, Roo Island said:

Why label everyone who wants to hold Trump accountable a leftist? I'm guessing you're not a financial advisor....

His latest comment only further confirms your diagnosis. Not that it need confirmation.

[Roo Island]

30 minutes ago, Yellowtail said:

And I'm guessing you're a leftist. 

Bad assumption....again. I'm guessing getting the facts first isn't important to you?

[Roo Island]

8 minutes ago, Yellowtail said:

Okay, half was an exaggeration, but New York takes another 11%, yes? 

 

Had he invested all his money in an index fund, what would he live on? What would he buy jets and whatnot with? 

 

Let me think, would I rather have Mar-a-Lago and hotels all over and a private jet, or an index fund, That's a tough one. 

 

Don't worry teacher, if Biden and the left get their way, they will be taxing unrealized capital gains. 

Joe Biden's billionaire tax is dead on arrival (cnbc.com)

 

Again, not a financial expert. You do understand if he had invested instead of starting companies that go bankrupt he'd have MORE money to buy toys? As it is, he has 1/3rd less. Get it?

[metisdead]

A post with a trolling image contravening our Community Standards has been removed.

[Yellowtail]

12 minutes ago, Roo Island said:

Again, not a financial expert.

Clearly you are not. 

12 minutes ago, Roo Island said:

You do understand if he had invested instead of starting companies that go bankrupt he'd have MORE money to buy toys? As it is, he has 1/3rd less. Get it?

Do you understand he has lived 35 years and spent a lot of money every year? 

 

 

 

[Roo Island]

4 minutes ago, Yellowtail said:

Clearly you are not. 

Do you understand he has lived 35 years and spent a lot of money every year? 

 

 

 

Ummm...yes I am. Undergrad accounting and economics. Masters in finance. Years working in the financial field. From banks to corporations to accounting firms.

 

He could have spent MORE money. Jeez...

[Lacessit]

1 hour ago, Yellowtail said:

Most leftists know he's not very smart, just like they know he's broke and he's a puppet for Putin and he's a racist antisemite. 

 

Had he just invested in an index fund, he would have lost half of it to the tax man, and it would not have allowed him the lavish lifestyle he enjoys. 

 

 

 

 

 

NY fraud - $366 million

E Jean Carroll - $88 million

Legal fees - $50 million

Interest on judgments - $100 million

 

Equals $604 million. Debt in cash, the US legal system does not do barter.

 

James can sell Trump's property assets for the cash required to satisfy the judgment. She won't be waiting for years to get the best price, or paying any attention to spurious valuations. Trump's creditors with loans and mortgages outstanding will be scrambling to bail out their investment before James drops the other shoe.

 

Most leftists can add up numbers, unlike a poster who does not even know cash is an asset, and tries to bullsh!t his way out of his own ignorance.

[Yellowtail]

10 minutes ago, Roo Island said:

Ummm...yes I am. Undergrad accounting and economics. Masters in finance. Years working in the financial field. From banks to corporations to accounting firms.

 

He could have spent MORE money. Jeez...

I bet. In any event, had his money been in an Index fund, as the article you linked to suggested, how would he spend it? Clearly, he would have to take money out, pay taxes on it, and spend it. So, comparing what he has now, to what he would have had had he put it in an index fund is just ridiculous. Even an education major would know that, unless they had TDS of course. 

 

Also, what about all of Trumps family members and employees that have also earned a lot of money and paid a lot of taxes from his companies. And had he not been President, his net worth would likely be significantly higher than it is now, the left would still love him, and he would have none of his current legal issues. Even an ethic studies major would know that. yes? 

 

Incidentally, has I just been smart enough to deposit my salary every month in an S & P index fund for the last 35 years, I would have over $52,000,000.00 today! 

[Roo Island]

2 minutes ago, Yellowtail said:

I bet. In any event, had his money been in an Index fund, as the article you linked to suggested, how would he spend it? Clearly, he would have to take money out, pay taxes on it, and spend it. So, comparing what he has now, to what he would have had had he put it in an index fund is just ridiculous. Even an education major would know that, unless they had TDS of course. 

 

Also, what about all of Trumps family members and employees that have also earned a lot of money and paid a lot of taxes from his companies. And had he not been President, his net worth would likely be significantly higher than it is now, the left would still love him, and he would have none of his current legal issues. Even an ethic studies major would know that. yes? 

 

Incidentally, has I just been smart enough to deposit my salary every month in an S & P index fund for the last 35 years, I would have over $52,000,000.00 today! 

My gosh. No compression of index funds. I've lived off them for decades. Getting around 10% a year. Some in cash, some in gains that aren't taxed until sold. My financial advisor is very good with tax loss harvesting and dealing with gains.

 

Please. Stop. You're making yourself look foolish.