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

[Walker88]

No lenders will loan him that kind of money? Could it be the six bankruptcies that has lenders hesitant? Maybe all the lawyers and subcontractors he's stiffed? Lenders couldn't find $455 million of unencumbered assets to use as collateral? I'm beginning to think maybe he's no more a billionaire than he's 6'3", 235 lbs, has a 33,000 sf apartment, and is like...really really smart. I fear soon we'll hear injecting Lysol doesn't cure Covid!

 

Is trump like Christopher Hitchens once said about another conman, that trump is so full of BS that if you gave him an enema, you could bury him in a matchbox?

 

Perhaps Mohammed bin Salman has his own polling agency and sees trump behind Biden, so the bloated one has no more influence to peddle?

 

Elon? Elon? Are you there for me? Jeff Yass? Don't you want Tiktok? I can give it to you. Ken Griffin? I'll keep carried interest.

[ozimoron]

7 minutes ago, Walker88 said:

No lenders will loan him that kind of money? Could it be the six bankruptcies that has lenders hesitant? Maybe all the lawyers and subcontractors he's stiffed? Lenders couldn't find $455 million of unencumbered assets to use as collateral? I'm beginning to think maybe he's no more a billionaire than he's 6'3", 235 lbs, has a 33,000 sf apartment, and is like...really really smart. I fear soon we'll hear injecting Lysol doesn't cure Covid!

 

Is trump like Christopher Hitchens once said about another conman, that trump is so full of BS that if you gave him an enema, you could bury him in a matchbox?

 

Perhaps Mohammed bin Salman has his own polling agency and sees trump behind Biden, so the bloated one has no more influence to peddle?

 

Elon? Elon? Are you there for me? Jeff Yass? Don't you want Tiktok? I can give it to you. Ken Griffin? I'll keep carried interest.

 

It likely means that all his properties are leveraged to the hilt and therefore useless as collateral. Mar Largo is apparently not mortgaged but obviously not worth the money that Trump claimed it was.

Edited March 18 by ozimoron

[jerrymahoney]

On 2/21/2024 at 6:50 PM, Lacessit said:

Perhaps the most striking part of the opinion piece is the assertion Judge Engoron did everything possible in his verdict to negate any grounds for appeal.

Well so much for that.

 

The Appeals Court 25 March 2024 not only reduced the bond required to $175 million due in 10 days, but they summarily threw out Judge Engoron's ruling "barring defendant Donald J. Trump and the corporate defendants from applying for loans from New York financial institutions for three years;'

[Danderman123]

1 hour ago, jerrymahoney said:

Well so much for that.

 

The Appeals Court 25 March 2024 not only reduced the bond required to $175 million due in 10 days, but they summarily threw out Judge Engoron's ruling "barring defendant Donald J. Trump and the corporate defendants from applying for loans from New York financial institutions for three years;'

My opinion is that Appeals Courts will almost always do something, or else their business dries up. That's why an appeal almost always provides some relief from the original verdict.

[jerrymahoney]

13 minutes ago, Danderman123 said:

My opinion is that Appeals Courts will almost always do something, or else their business dries up. That's why an appeal almost always provides some relief from the original verdict.

So in your opinion, just bizness as usual. This was the headline from the NY Times:

 

Trump’s Bond in Civil Fraud Case Is Reduced to $175 Million

The former president was racing to secure a half-billion-dollar bond, but an appeals court lowered the amount. The surprise decision may help him stave off financial disaster.

 

 

[Danderman123]

47 minutes ago, jerrymahoney said:

So in your opinion, just bizness as usual. This was the headline from the NY Times:

 

Trump’s Bond in Civil Fraud Case Is Reduced to $175 Million

The former president was racing to secure a half-billion-dollar bond, but an appeals court lowered the amount. The surprise decision may help him stave off financial disaster.

 

 

I didn't expect the Court of Appeals to reduce Trump's bond, I expected Trump to post the full bond.

 

But, I do expect the Court of Appeals to reduce the verdict amount.

[jerrymahoney]

10 hours ago, Danderman123 said:

I didn't expect the Court of Appeals to reduce Trump's bond, I expected Trump to post the full bond.

 

But, I do expect the Court of Appeals to reduce the verdict amount.

Great. That is your opinion. Here is another (already posted in the $175 million topic)

 

March 25, 2024

 

It is unclear whether these same five judges will also hear Mr. Trump’s appeal, but David B. Saxe, a former judge on the appeals court that ruled on Monday, said that the court’s decision to short-circuit Ms. James’s collection efforts suggests that some of the judges were uncomfortable with Justice Engoron’s ruling.

 

“My view is that the court indicates it has difficulty with the breadth of the lower court’s decision,” said Mr. Saxe, who retired in 2017 after 36 years on the bench, 19 of them on the appeals court.

 

“They had other options available to them, and they issued a broad-based stay,” he continued, which he said suggests “that there is a view that they’re going to need to take a hard look at the lower court’s decision.”

 

https://www.nytimes.com/2024/03/25/nyregion/trump-bond-reduced.html

Note: the words 'ruling' and 'breadth of the lower court’s decision', not 'amount'.

 

 

 

Edited March 30 by jerrymahoney