With luck, all this puts him under so much stress that the next hamberder he scarfs will do its job and we will get to see - on reruns! - the tape of his massive fatal myocardial infarction, which happens at the next hatealong, in front of the drooling Incapables. BOMP! He hits the floor behind the podium face-first, stone cold DEAD. Making America Truly Great Again.
And his estate still has to shell out the $600 million.
I can’t stand the man, but I think that’s a bit harsh. He is on the path to Karma and the fact that he just might lose everything will be humiliation enough!
One has to wonder if someone with close ties to a hedge fund subject to the same statutes is being entirely altruistic. There might be some hope that an unfavorable example of their application be reversed on appeal.
He'll get it from the Saudi's, either directly or through Jared and Ivanka. He'll yell and scream and have toddler temper tantrums, but isn't losing any sleep over this. The way his brain is deteriorating he's probably more focused on windmills killing whales than the events of Friday.
I think you’re wrong on this one, ie that he “isn’t losing sleep over this.” As Chris rightly points out, being wealthy is at the core of his sense of self-worth, otherwise why would he CONSTANTLY talk about it? It’s all about HIM, and never anyone else (you know, like policies that would TRULY help average Americans…).
Of course you’re right that Trump will whine and cry, throwing a toddler’s tantrum, and moan about it in every stump speech or press gaggle on a courtroom’s steps. That’s a given with him.
I think this one in particular is really getting to him. It’s FAR from the “accountability” that the vast majority of Americans want to see, but it is one HELL of a good start!
Not to pile on, but I’ll also mention that lawmakers and Capitol Police got the go ahead to get some damages out of him. Any idea how much that might be, Chris?
It’s not going to harsh my buzz that he’s not going bankrupt. You note that part of his appeal is appearing rich. Another part of the mission statement is making liberals cry, I guess. If that’s the case, yesterday was an epic fail. If any liberals were crying, they were only tears of joy. 😂
This article is from over 2 years ago. I gotta think those police officers suing him are looking for some serious coin. That trial or trials is going to be as rewarding for our souls as Smith’s January 6 trial.
Verdicts based on fraud usually are not dischargable in bankruptcy. Now as a lawyer, I knew very little bankruptcy law, so I can’t tell you with certainty that the exception applies here, with the NY statute he was tried under, but I feel pretty confident that Tish James will fight any bankruptcy after all the work she put in to getting this win.
His recent convictions for fraud will make it harder for him to get a bond, if he does not have the cash (approximately 1.2 times the amount of the judgements (say $600MM). Any lender/bond provider is on notice that Trump’s financial statements are “potentially suspect”, therefore, would be very surprised if any would provide a bond without collateral, and would not expect anyone to lend more than 50% of the value of collateral (clearly requiring new and independent appraisals 😉), which means approximately $1 billion of verifiable collateral. Some of this possible collateral may already be pledged to support the $400MM of loans due in 2025. If so, he might see $2 billion of his worth tied up in the bonds for the appeals, severely limiting financial flexibility.
Bottom line - at this point, Trump may not be bankrupt, however, he may have a significant amount of restructuring to do to move forward with appeals within a short period of time (must appeal and post bonds within 30 days of judgements). AND - Trump does not have many friends in the financial world willing to just step in and bail him out, similar to Musk’s friends who fell all over themselves to provide ~$13 billion to help acquire Twitter (now X).
His best bet would be to liquidate his Vornado (sp?) partnerships, if he still has any left.
AND, Trump’s issues have too much of the wrong publicity for the Saudi Wealth Fund to want to step in, although, Trump’s need is a relatively small sum for them.
It is quite possible Trump is in a bind - wealthy, but not very liquid, with a short time frame to resolve. Would not be shocked to see him miss the deadline to appeal the NY judgement.
Also expect bankruptcy to be used to re-litigate and/or renegotiate the judgements if the appeals are unsuccessful. He has used the bankruptcy courts before to get out of other failed business ventures.
Hope Melania and Barron got their renegotiated “pre-nuptial agreement” in cash & up front…
Trump doesn't need to worry about getting a loan from a financial institution -- there are more than enough billionaires (both here and abroad) that would have no problem donating the funds to Trump. I would think Putin would be first in line.
And did I not read that the SEC has granted permission for (un)Truth (anti) Social to be bought by an entity that will leave Trump with a huge amount of stock and (unfortunately) a way to wriggle out this tight spot?
Hopefully he doesn't get forced into some ego crushing real estate sales and or a very public bankruptcy. Then I really hope that doesn't hit the stage face first due to a cardiac event while ranting about the supposed unfairness of it all to a clutch of his deplorable minions./s
Chris, I saw a small article today, saying that TFG is NOT going to appeal the presidential immunity decision. Do you think it's because he's too overwhelmed with everything else that's going on right now? Or is he trying to cut back on legal fees? Just wondered what your take is.
To be clear, it was the civil case in which Trump declined to appeal the immunity decision. The challenge to the DC Cir's ruling in the criminal case remains. I hope the SCOTUS denies cert or affirms based on the DC Cir's ruling.
I disagree that Trump will not declare bankruptcy anytime soon.
I believe back early 90s after some of his casinos underperformed Trump had an agreement of limited bankruptcy and handed the control of them to the banks loaning money.
So, I expected Trump will do something similar plan unless the perception of running for President can deter him.
Keep in mind, the court judgements will be handled differently in bankruptcy than business debts - not as easy to discharge, and not lenders to take a haircut. He will most likely exhaust appeals, if he can fund them, and if he still owes a lot, then will avail the bankruptcy rules to try to create some negotiating leverage, primarily by causing further delay...
Somebody suggested international entities could pay off his debts for him. (Great! Just what America needs! Trump with his followers doing the bidding of some un-American power to whom he is indebted.)
Trump’s not mentally stable, never has been. hoping these legal and monetary losses make him even more unstable, so that he scares Republicans who aren’t in his base. Hell, I think he’s capable of pulling a Jim Jones.
Not exactly, Chris. Trump doesn’t “need” to deposit $455mm and $83 mm cash or post a surety bond. However, if he fails to do so, Carroll and NY State can attach his assets and force sales until the net sales proceeds equal the amounts of their judgments including interest.
With luck, all this puts him under so much stress that the next hamberder he scarfs will do its job and we will get to see - on reruns! - the tape of his massive fatal myocardial infarction, which happens at the next hatealong, in front of the drooling Incapables. BOMP! He hits the floor behind the podium face-first, stone cold DEAD. Making America Truly Great Again.
And his estate still has to shell out the $600 million.
I am pleased to see TCinLA has made another food reference that did not include mushrooms, although personally that is one of my favorite toppings.
Mine too. I was quoting eyewitness Stormy Daniels regarding Trump's "equipment."
I can’t stand the man, but I think that’s a bit harsh. He is on the path to Karma and the fact that he just might lose everything will be humiliation enough!
That would be GREAT karma!!!
he also owes my hometown $560,000: https://www.ktsm.com/local/el-paso-news/trumps-campaign-owes-city-of-el-paso-over-500k-for-presidential-rally/
Actually now it's over $570,000: https://klaq.com/trumps-campaign-owes-el-paso/
He owes The NY Times $400,000, too. So, I think there’s a line. You have to take a number like at the deli.
😆
Where is the goFundMe link for those who feel compelled to make a contribution?
https://www.independent.co.uk/news/world/americas/us-politics/donald-trump-gofundme-civil-fraud-b2498021.html
I tried to donate one cent but was not allowed to.
One has to wonder if someone with close ties to a hedge fund subject to the same statutes is being entirely altruistic. There might be some hope that an unfavorable example of their application be reversed on appeal.
He'll get it from the Saudi's, either directly or through Jared and Ivanka. He'll yell and scream and have toddler temper tantrums, but isn't losing any sleep over this. The way his brain is deteriorating he's probably more focused on windmills killing whales than the events of Friday.
I think you’re wrong on this one, ie that he “isn’t losing sleep over this.” As Chris rightly points out, being wealthy is at the core of his sense of self-worth, otherwise why would he CONSTANTLY talk about it? It’s all about HIM, and never anyone else (you know, like policies that would TRULY help average Americans…).
I think Mary Trump has a solid “inside” take on her uncle’s mindset and his self identity. She wrote a great column on Friday after Engoron’s ruling was announced: https://open.substack.com/pub/marytrump/p/judgment-insane-donald-must-pay?r=1hynaw&utm_medium=ios&utm_campaign=post
Of course you’re right that Trump will whine and cry, throwing a toddler’s tantrum, and moan about it in every stump speech or press gaggle on a courtroom’s steps. That’s a given with him.
I think this one in particular is really getting to him. It’s FAR from the “accountability” that the vast majority of Americans want to see, but it is one HELL of a good start!
Javanka to Dad: What’s in it for us?
You know who doesn’t owe any money that we know of? Nikki Haley.
You know who isn’t asking people for money to pay their legal bills? Nikki Haley.
These a pretty good reasons to think she might end up the nominee.
BTW I think she wears less makeup than the orange one. Definitely puts it on more tastefully.
Would you vote for a man who wears makeup, dyes his hair, probably wears a girdle and a diaper.
Not even bringing up the traitorous behavior, dementia, no spouse in sight. (See what I’m not doing!)
He already is... MORALLY BANKRUPT! Plus, he files for bankruptcy like it's a sweepstakes.
Please see latest Lincoln project "Fred" vid - you and his father may be in agreement.
Not to pile on, but I’ll also mention that lawmakers and Capitol Police got the go ahead to get some damages out of him. Any idea how much that might be, Chris?
https://news.yahoo.com/civil-lawsuits-seeking-hold-trump-184755077.html
It’s not going to harsh my buzz that he’s not going bankrupt. You note that part of his appeal is appearing rich. Another part of the mission statement is making liberals cry, I guess. If that’s the case, yesterday was an epic fail. If any liberals were crying, they were only tears of joy. 😂
This article is from over 2 years ago. I gotta think those police officers suing him are looking for some serious coin. That trial or trials is going to be as rewarding for our souls as Smith’s January 6 trial.
https://www.politico.com/news/2022/01/04/police-officer-lawsuits-capitol-riot-trump-526491
Verdicts based on fraud usually are not dischargable in bankruptcy. Now as a lawyer, I knew very little bankruptcy law, so I can’t tell you with certainty that the exception applies here, with the NY statute he was tried under, but I feel pretty confident that Tish James will fight any bankruptcy after all the work she put in to getting this win.
Trump’s legal losing streak continues…
His recent convictions for fraud will make it harder for him to get a bond, if he does not have the cash (approximately 1.2 times the amount of the judgements (say $600MM). Any lender/bond provider is on notice that Trump’s financial statements are “potentially suspect”, therefore, would be very surprised if any would provide a bond without collateral, and would not expect anyone to lend more than 50% of the value of collateral (clearly requiring new and independent appraisals 😉), which means approximately $1 billion of verifiable collateral. Some of this possible collateral may already be pledged to support the $400MM of loans due in 2025. If so, he might see $2 billion of his worth tied up in the bonds for the appeals, severely limiting financial flexibility.
Bottom line - at this point, Trump may not be bankrupt, however, he may have a significant amount of restructuring to do to move forward with appeals within a short period of time (must appeal and post bonds within 30 days of judgements). AND - Trump does not have many friends in the financial world willing to just step in and bail him out, similar to Musk’s friends who fell all over themselves to provide ~$13 billion to help acquire Twitter (now X).
His best bet would be to liquidate his Vornado (sp?) partnerships, if he still has any left.
AND, Trump’s issues have too much of the wrong publicity for the Saudi Wealth Fund to want to step in, although, Trump’s need is a relatively small sum for them.
It is quite possible Trump is in a bind - wealthy, but not very liquid, with a short time frame to resolve. Would not be shocked to see him miss the deadline to appeal the NY judgement.
Also expect bankruptcy to be used to re-litigate and/or renegotiate the judgements if the appeals are unsuccessful. He has used the bankruptcy courts before to get out of other failed business ventures.
Hope Melania and Barron got their renegotiated “pre-nuptial agreement” in cash & up front…
And Trump’s legal losing streak continues….
Trump doesn't need to worry about getting a loan from a financial institution -- there are more than enough billionaires (both here and abroad) that would have no problem donating the funds to Trump. I would think Putin would be first in line.
And did I not read that the SEC has granted permission for (un)Truth (anti) Social to be bought by an entity that will leave Trump with a huge amount of stock and (unfortunately) a way to wriggle out this tight spot?
Hopefully he doesn't get forced into some ego crushing real estate sales and or a very public bankruptcy. Then I really hope that doesn't hit the stage face first due to a cardiac event while ranting about the supposed unfairness of it all to a clutch of his deplorable minions./s
Chris, I saw a small article today, saying that TFG is NOT going to appeal the presidential immunity decision. Do you think it's because he's too overwhelmed with everything else that's going on right now? Or is he trying to cut back on legal fees? Just wondered what your take is.
To be clear, it was the civil case in which Trump declined to appeal the immunity decision. The challenge to the DC Cir's ruling in the criminal case remains. I hope the SCOTUS denies cert or affirms based on the DC Cir's ruling.
Thanks, Todd. I'm just surprised that someone convinced him to give it up!
Good question . They may have convinced him the issue is preserved for future and it’s better not to lose outright now
A single tear is running down my face for poor Donnie! 🤣
I disagree that Trump will not declare bankruptcy anytime soon.
I believe back early 90s after some of his casinos underperformed Trump had an agreement of limited bankruptcy and handed the control of them to the banks loaning money.
So, I expected Trump will do something similar plan unless the perception of running for President can deter him.
Keep in mind, the court judgements will be handled differently in bankruptcy than business debts - not as easy to discharge, and not lenders to take a haircut. He will most likely exhaust appeals, if he can fund them, and if he still owes a lot, then will avail the bankruptcy rules to try to create some negotiating leverage, primarily by causing further delay...
Somebody suggested international entities could pay off his debts for him. (Great! Just what America needs! Trump with his followers doing the bidding of some un-American power to whom he is indebted.)
Trump’s not mentally stable, never has been. hoping these legal and monetary losses make him even more unstable, so that he scares Republicans who aren’t in his base. Hell, I think he’s capable of pulling a Jim Jones.
Not exactly, Chris. Trump doesn’t “need” to deposit $455mm and $83 mm cash or post a surety bond. However, if he fails to do so, Carroll and NY State can attach his assets and force sales until the net sales proceeds equal the amounts of their judgments including interest.