“I would be forced to mortgage”: Trump melts down on Truth Social as lawyers admit he can’t get bond
“I would be forced to mortgage”: Trump melts down on Truth Social as lawyers admit he can’t get bond
Trump fears he may have to "sell Great Assets, perhaps at Fire Sale prices."
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.
Maybe he should try “not committing crimes”.
It's more than just not commiting crimes. These are civil judgements, after all, and technically not criminal matters. But at their heart, we will find lots and lots of lying. Lying about his interaction with Carroll, lying about the values of his properties, all very public lies. Lying to the point where, when his lies are exposed, he keeps lying. His dishonesty has no limits.
It amazes me that people admire that.
It's a Catch -22. He's rich, therefore he must be smart. The people who vote for him think it's their fault they haven't got money. They love him because he acts the way they would if they were rich.
I like to read old comics. Pretty much every Superman cover from the 1950s shows Supes doing something that looks stupid or evil. "Why Is Superman Throwing Lois Into a Volcano?" And of course there's always a great reason, because Superman can never be a bad guy.
People don't admire the fact he's a liar.
They admire him because he's a racist, homophobe, and transphobe.
They admire him because he says things they wish they could say without getting yelled at by liberals.
They are okay if he's a liar, sexist, misogynist asshole so long as he's also racist, homophobic, and transphobic.
And a bunch of poor people paying his and his billionaire friends bills for them.
Too late for that. Can’t wait for the fire sale.
It's only a crime if you're stupid. Clearly he's too smart to get caught and convicted.
"not committing crimes while being not as rich as advertised"
Paying bail is totally optional, nothing forces him to do it. He can wait for the trial in prison, if he is too broke to bail.
There is no bail in this case. It's a monetary judgement that he is appealing and in order to do so, he has to put the money in an escrow account or have a bond company front that money.
He hasn't found a bond company stupid enough to do so, and he doesn't have the cash on hand to do it, so the state will get to seize and sell off his assets until they get to the amount he owes.
I know this is over simplified, but hopefully clears up OPs confusion about bail and jail being in an equation where they don't belong.
This isn't bail. This is a judgement against him that he is required to pay. What he wants to do is appeal the judgement, but to appeal he has to put up the money first. It's like in My Cousin Vinny where Vinny refused to kick that guy's ass until he had the $200, and the guy tried to pretend a roll of singles was the full amount.
Trump needs to show the government he has the money before he can appeal the ruling. If he can't, they can begine seizing his assets and selling them until the debt is paid. .
But I just saw Bezos’s ex-wife drop $680M to charities like it was nothing. Surely he, as a billionaire, could just drop that money too, right? I mean he only owes 2/3 of that amount, so it’s even less for him.
If only he had married a soon to be rich man:/
She and Jeff Bezos founded Amazon together.
🤣 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.
If you are broke you shouldn't commit crimes. Doesn't he know how capitalism works? You need to be RICH to be immune to the law.
Maybe he should have stayed a fat billionaire a**hole who puts his name on everything and doesn't get involved in politics.
Ego is a hell of a drug. Obama destroyed Trump and our supreme court with one joke.
Problem is, he never was a fat billionaire asshole.
He was a fat millionaire asshole pretending to be a billionaire (if even that, considering his debt).
Which is especially counter to his claims to be a good businessman considering he would have easily become a billionaire if he just invested his heritage in something like S&P 500 instead of playing mogul.
Seriously. Fred Trump gave him a platinum inheritance of varied real estate, but Donny had to prove he was better than daddy - and blew it on decades of high profile prestige projects and bad investments.
There are a lot of dumb old money inheritors who are smarter than Trump because they trust their financial advisors.
Either spell out "asshole" or use another word. This isn't us cable TV.
"Nobody has ever heard of anything like this before."
Except when you had to do it twice already for the E. Jean Carroll appeals...
This is fantastic, this is one of the most unabashed takes I've ever seen.
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"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.
"Great Assets" sounds like an in-house walmart brand.
or maybe k-mart's in house brand knocking off walmart's inhouse brand.
Sounds like a strip club off wall Street.
FAR off Wall Street. I'm thinking Hoboken 😛
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.
The world's smallest violin could not be reached for comment.
Can somebody please photoshop a red Maga hat on this?
So talented!! <3
Good. I hope he gets to watch every square inch of his pathetic 'empire' burn before being hauled off to prison.
"Falsely wrote" is close, but the correct verb is probably "lied."
"Lied with his hands" sounds awkward though.
Is not having $450 million going to hurt his appeal that he wasn't lying about having billions?
Where is Alanis Morissette when you need her.
Idunno, Canada? Maybe LA 🤷
I'm pretty sure after they finished filming dogma she just went back to her heavenly throne.
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.
Time to flip the game board, he lost Monopoly.
Isn't he a great business man? Wouldn't mortgaging be something a great business man would strategically do? Surely it's not him lying again. Surely it's not his ego.
Ha! Y'all gonna be eating coal when he art-of-the-deals this money from the great non-people of mexico
Holy fuck that ad is depressing.
If Trump gets elected again (a not insignificant probability), is there a chance he could just absolve this debt by Executive order as President?
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.
They're state level judgements, so no.
I mean, that would depend on how effectively he could make himself an absolute dictator.
Mortgage interest is tax-deductible, Donny!
Looks like we're having a Fire Sale boys. Get your monies ready.
😎👉👉
I don't want anything of his.
If I could buy it in a way that ensures he has a massive loss, I absolutely would. Imagine replacing that gaudy "Trump" lettering with something like "Trans Rights." "Trans Rights Tower," holy hell. A positive message for the world and the Trumpanzees would be utterly enraged.
If he wasn't a villain already then this is the making of one.
damn he's uglier and oranger than I remember him
I wanna see him try and sell the property for that 50-100 times more than what the judge said it was worth
He looks like he lost some weight…
Lol
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