Trump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politics
Trump posts nearly $92 million bond in E. Jean Carroll defamation case | CNN Politics
Former President Donald Trump has posted a $91.6 million bond as he appeals the judgment against him in the E. Jean Carroll defamation case.
Wow, someone actually finally managed to force Trump to pay a bill.
You're viewing a single thread.
He's still not actually paying her. He's just securing a bond that lets him avoid paying while he seeks an appeal. Just keep kicking the can down the road.
"Donald J. Trump on Friday posted a $91.6 million bond in a defamation case he recently lost to the writer E. Jean Carroll, staving off a potential legal and financial disaster just days before a deadline to secure the deal. The bond, provided by an outside insurance company, will prevent Ms. Carroll from collecting the judgment while Mr. Trump appeals."
The bond, provided by an outside insurance company,
Someone better name some fucking names, cause I wanna make sure I don't do business with an insurance company that is that bad at risk assessment.
Chubb is the underwriter
Fuck.
“We look for ways to say yes”
………..
Small price to pay for a Corp who may get a president to owe them a favor.
Funny to say that about what, 1-2M? That'd change all our lives. But that's a rounding error for them
The company who gave Trump $92MILLION is run by one of Trump's Former White House Advisors which is PROOF that DEMOCRATS are the Swamp!
How is that proof? It was Trump's advisor. That would make him republican. So are you just going to say defamation because you can't actually have a good enough candidate that doesn't rape people?
Does Lemmy have an r/whoosh equivalent?
I don't think we need a community we can just say whoooooooooosh
It is pretty fun... WHOOOOOOOSH!
I think he's being sarcastic
At that scale, you almost certainly don't do business directly, but there's a very good chance that your insurance company is re-insured by them somewhere up the chain.
He’s just securing a bond that lets him avoid paying while he seeks an appeal.
Forcing Trump to come up with $92M he doesn't have so he can't completely welch when his appeals fail is funny enough that it was probably worth Carroll's time.
She's going to get her money now though. I wonder what sort of collateral he had to put up to secure this bond. I don't know if I'd want to be the insurance company trying to get that collateral back after all his legal cases leave him bankrupt.
True, but in order to get that bond, he had to put up collateral.
Right, not disputing that at all. I'm just saying he's (or whoever is footing the bill) a long way from actually paying anyone their due.
The point of the bond is that if the appeal fails, the court just hands the money over - shes probably more likely to see the cash this way than if he didn't appeal.
Appeals court doesn't give you a "do over" - they don't try the case again, they don't re-decide facts. Appeals court lets you argue that the previous court made an error in procedure. Given how competent Carrols' lawyers were and how totally incompetent Trump's were, I doubt they will be able to find anything.
So whats the end game? Like ofc delay, but I don't get it unless this is like the Saudis taking a multi-billion loss on helping Muskovitch aquire Twitter cuz there's no limit to the upside of them dismantling an ongoing threat to them.
Like his debt and legal problems are nothing on the nation-state actor level, this is all horrifying in that light. Lots of dirty, dumb shit happening. His appeals are hopeless, he must be planning on violently dismantling their abillity to enforce it
So whats the end game?
Win or steal the presidency, and convert the position to king, probably.
Basically this. His endgame plan is "become president, get the DOJ or Congress or the SC to rule he can't be made to pay for anything".
He's not playing 4D chess. This isn't some master plan. He is appealing because his choices are:
- Appeal, put the bond up, hope he can stall for a while and maybe something comes up, probably loose later
- Accept the verdict, loose now and either;
- Pay the judgement
- Refuse to pay the judgement and have people who cannot be threatened, bullied or argued with come seize assets
I'm more referring to whoever's enabling this by doing his bond for him, how do they expect to be paid back? He's lost the 2 (maybe 3) battles of this "war" already
- $90 million isn't that much money if you are a large company and want the president of the US to owe you a favour.
- The CEO of Chubb had a pretty cushy white house role under trump, maybe this is a favour being repaid at the expense of Chubbs shareholders
Either way, most other countries call this corruption
Chubb Tower has a ring to it.
Not a nice ring mind you
"never quit" is His Thing
At this point Trump is trying to delay everything he can until the presidential election, because he’s hoping that he’ll win again which will give him some kind of immunity against civil and criminal prosecution for another four years. I assume he thinks he’ll get into power and arbitrarily change laws to try to exonerate himself, despite the fact that that won’t really work because he’s being sued/tried under state laws, but I don’t think he’s smart enough to figure that out.
Also he will sell himself and the country to whoever will pay in a way that he can get it. Then use that to pay off his bills. Plus, I don't think he plans on ever leaving the white house if he gets in this time. And at his age, he might be right, just in a different way than he imagines.
Fair point.
Did he actually, though?
Can he pardon himself from civil suits?
He can't pardon himself for anything.
He can't pardon himself for anything.
Sure thats the real world answer, but does he believe he can pardon himself for it if he gets re-elected?
I think he believes he can do anything.