Fox News host Mark Levin has called out billionaires for not paying Donald Trump’s legal bills after the former president’s legal team said paying his $400 million New York civil fraud penalty would be “a practical impossibility.”
Trump is seeking a bond of $464 million to cover his fines and a stay in the execution of the monetary portion of the civil trial ruling after Judge Arthur Engoron ruled in February that Trump must pay $355 million for committing fraud. The New York court held that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. With interest, the full payment will be roughly $454 million. Trump’s lawyers are appealing the verdict.
On Monday, the Republican suffered a setback after Trump’s legal team admitted in a court filing that it is a “practical impossibility” for him to make the $464 million payment and requested a stay pending the outcome of an appeal process. His team had contacted 33 companies to try to secure funding.
Something something bootstraps.
Something something “personal responsibility.”
Something something “own fault.”
“Why are there no Republican multi-billionaires offering to lend President Trump the funds to file his appeal in the outrageous case in NY state?”
Donald Trump is a Republican multi-billionaire, maybe he should pitch in.
He should just go without his lattes & avocado toast and stop buying phones if he can’t afford his lifestyle.
Pay up for daddy musk
Why don’t the Fox News owners pay them if they want to so bad? Idiots.
Ruperts got the cash.
I also want to see billionaires spend their money on things that I want them to
Find someone who values those properties the amount you say they are and then we’ll talk.
-New York State.
How much has Mark Levin kicked in? Surely he can loan Trump 5 or 10 million to help him get there.
I wonder why he hasn’t?
Someone needs to write a book… “The Fart and the Squeal: A history of the Trump dump” with all proceeds going to charities. I want to raise more money for that than he ever could for his litigation obligations.
Why cant he just pull up his bootstraps and get a job?
In response, billionaires should get together and donate a few billion dollars to public defenders, pay off people’s medical debt, and offer to buy Mar-a-Lago in order to turn it into public housing.
Al Lago is a chintzy motel with a shitty omelette bar. estimated value of less than 5% of the ruling. He’s going to have to sell his bedbug infested resorts and ugly golf courses too
All his properties are inflated values, thats the Russian money laundering scheme at work.
All of them are likely highly leveraged already as well.
For sure, catshit wrapped in dogshit
Sell 20 million bucks of property, debt grows by 1780 million bucks.
I’m sure there are still a few Russian oligarchs who have enough liquid assets to bail trump out, in return for some massive political favors once they help him con enough rubes into electing him again.
The problem is that Trump didn’t do enough for them when he was in power and they don’t think he could win again. To the oligarchs, Trump is a lost cause. Trash that they don’t even have to clean up themselves.
Why doesn’t he just pick himself up by his bootstraps and get the 450 million going, lazybones
Everytime I see or hear lazybones I think about CartNarc
Didn’t he already turn a small $1million loan into a billion dollar empire. Surely, he could turn whatever he has now into the small amount of $450 million
Yeah, of course like everything else that lie is also full of lies. The “small loan” was actually 70 million dollars, and then he inherited 450 million on his fathers death. If he had put that in a total stock market fund and done nothing at all, he would have something like 13 billion dollars. Instead, he may or may not have 2-4 billion in total assets.
I mean that’s really not fair. If he had invested in the stock market he would have had 13 billion that could be sold at any time without any significant loss of value. On the other hand, his real estate is probably worth less than a billion in a fire sale.
I don’t know if the inheritance is public record but I thought the 70 mil was his inheritance and his brother got the lion’s share until his brother died and passed it on to Donald.
He is the most intelligent business man on the face of the earth, right?
Nobody wants to work anymore!
Being a billionaire just isn’t worth it anymore. Nowadays, anyone can create a billion using AI. Sure, real billionaires and billionaire fans can tell the difference, but it’s convincing enough that most people don’t even care if it’s artificially created billions. What’s even the point now?
I mean, they call anyone with 16,000 Bitcoin a Billionaire these days…
Hahahaha
Why doesn’t trump, a “billionaire”, pay his own damn bond? You just said Blbillionaires can afford it.
Even if this guy wasn’t trying to weasel out of paying a cent, there is some validity to the argument that money in commercial real estate is not particularly liquid.
There’s no validity to the argument. I don’t get a pass on that shit for paying fines or taxes to the government. “Oh, sorry, my money is tied up in illiquid video game consoles.” Fuck’s sake.
But the equity in real estate is liquid in the form of security for a bond. What this tells us is that he doesn’t have enough equity to cover the bond- in other words he’s been lying all along about his wealth. Surprised?
If it weren’t leveraged and/or overleveraged already, he could have signed loans by now that would have paid for it. Haven’t we already heard how Maralogo is worth like 1.8B despite being on the tax rolls for 20M? Sounds like plenty of equity there alone.
Also, good luck finding a bank to accept collateral when your appealing your crimes of lying about your collateral.
I think the $1.8 Billon is how much is leveraged against the property lol.
Fox News: “Bilionaires should pay their fair share”
OK.
