Trump fears he may have to “sell Great Assets, perhaps at Fire Sale prices”
Former President Donald Trump lashed out at the judge who imposed a $450+ million penalty in his New York fraud case after his lawyers admitted he was unable to secure a bond to appeal the case.
Trump’s lawyers on Monday asked a New York appeals court to stay the enforcement of the judgment in his fraud case, saying it has been impossible to secure a bond necessary to appeal the judgment after approaching 30 different underwriters.
The former president lashed out at the judge on Truth Social after the filing.
“Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!” Trump falsely wrote. New York law requires a defendant to put up the full judgment amount with interest in order to appeal a civil judgment.
“Falsely wrote” is close, but the correct verb is probably “lied.”
“Lied with his hands” sounds awkward though.
Time to flip the game board, he lost Monopoly.
Only if the buildings are not already leveraged to the hilt. This could very well be a domino that causes all others to fall.
I all but guarantee he’s underwater on at least a few of them. If he’s forced to divest, he may actually lose money.
The weird thing about it is like, of course you have to mortgage your property? What was he trying to secure the loan with, his good name?
Implied future promises when he is president. But mortgage means the mortgage broker gets dibs on the property.
He probably used loans with the real estate as collateral. But mortgage is very specific. And having a mortgage on a property can mean the other loans that are using it as collateral automatically become due (T&C of the loans apply… but this is a no brainer). And the property cannot be used as collateral for anything else by the mortgage owner.
“I may be forced to face minor consequences for my actions.”
Fixed that headline.
Dunno man, these seem like pretty major consequences to me.
For anybody else this would be a bloodbath.
He deserves worse, though.
Agreed. Finally some consequences proportional to one of the crimes he has committed.
The world’s smallest violin could not be reached for comment.
So talented!! <3
Can somebody please photoshop a red Maga hat on this?
How sad. A supposed billionaire force to mortgage for a piddly $450m. I suppose it will teach him that honesty is the best policy🤭
I wish I shared your optimism that this narcissistic fuck has even the slightest hint of introspection.
Fingers crossed!
He looks like he lost some weight…
🤣 What makes him think he’d qualify for a mortgage?!
This motherfucker has never made a legitimate penny in his life and is world famous for not paying his bills. He shouldn’t qualify for a studio apartment lease, much less a mortgage.
He’s already got loans out on all the properties. There isn’t any equity left to mortgage against.
This is it exactly. Idk what he’s even bitching about. He has the rnc to pay now didn’t he?
Trump nft anyone?
I saw a comment somewhere that claimed the RNC only has like $10 million in funds, wouldn’t even put a dent in what he owes.
It’s funny how badly he has screwed himself. He’s spent decades overinflating the value of his properties and then taking loans and mortgages out on them and using that to claim he’s a billionaire. Now the courts used his own claims of how rich he is to issue a fine and he’s struggling to pay it because his actual net worth is a tiny fraction of what he has claimed it is. He’s basically created his own personal sub-prime mortgage bubble and it’s teetering on the edge of collapse now.
The funny part is that he could have just kept getting away with it until his brain finally strokes out, but instead he decided that he would rather destroy US democracy instead of just living out his life as a rich old man.
Keep going, I’m almost there!!
I almost feel bad for the banks about to record a default on all his properties, since the courts get first dibs on them.
I don’t, though.
This is fantastic, this is one of the most unabashed takes I’ve ever seen.
I mean, it’s just describing pure schadenfreude. It doesn’t speak to how deserving the victim is. It could easily be interpreted as a defense of Trump, in this context. Given the upvotes, though, I don’t think that’s where people are going with it.
Holy fuck that ad is depressing.
If he wasn’t a villain already then this is the making of one.
If Trump gets elected again (a not insignificant probability), is there a chance he could just absolve this debt by Executive order as President?
They’re state level judgements, so no.
I mean, that would depend on how effectively he could make himself an absolute dictator.
In theory, the way the US was set up as a nation, the Judicial branch of the government and the Legislative branch are supposed to stop things like that from happening.
In practice, bribes talk better than speeches or facts.
Good. I hope he gets to watch every square inch of his pathetic ‘empire’ burn before being hauled off to prison.
