https://www.nbcnews.com/politics/donald-trump/trump-unable-get-bond-464-million-judgment-lawyers-say-rcna143860
In a filing to an appeals court, Trump's attorneys said getting the bond needed to halt proceedings while they appeal is a "practical impossibility."
Unfortunately, tardigrades love the bass and cello and hate violins so the only way to get a photo of one playing the violin would be to fake it somehow
The bow is also on the wrong side of the bridge. Though now that I think of it, that might produce an even higher sound like you would expect of a microscopic violin?
He’s not even holding the bow at the frog. I’m beginning to question if he even knows how to play the violin.
Look, he's trying, ok? He only started learning last week and it's an instrument made for a completely different physiology!
With all the legs and fingery things, I feel like tardigrades would probably be better at playing the world's smallest clarinet.
If you're such a critic, you try teaching a tardigrade how to play a stringed instrument then.
I tried zooming in on the headstock to see which direction the tuners point, but the image is all fucky.
On the shoulders alone, I'd say it's probably a cello although there are basses with round shoulders.
Unless of course it's made for a tardigrade which, like Donald Trump Jr, doesn't have a chin to make a chin rest at all useful.
Trump and his company need to post a bond for the full amount by next week in order to stop New York Attorney General Letitia James from being able to collect while he appeals.
He doesn't have the cash to pay, so when NY collects, they can start forcing sales on his property.
If he gets the bond, then it just sits there till after appeals. Which would prevent him from selling property he put up for bond, but he'd still own them.
If he misses that bond, the rest of the dominoes will fall like a house of cards. Checkmate
Back in the late '80s, Spy magazine had a plan to collect donations to purchase a condo in one of Trump's buildings - which they were then going to donate to the outgoing president of the Industrial Workers of the World to retire in.
The fact that no bond companies would accept real property as a collateral for the bond and only liquid or easily liquified assets points to the properties being leveraged to the hilt. If he ends up having to pay even a portion of this and has to start selling properties we should see a true picture of his financial status.
Imagine if he wins the election and is flat broke. He'll auction off everything the US owns in exchange for a cut or finder's fee. And let's not pretend that the emoluments clause actually applies to any of elected leaders.
We don't have to imagine too hard here. The fact that he's even able to run for president again is a travesty of justice.
I think the reason it was such an issue with Trump is I can't think of another president that had the infrastructure (i.e. his hotels) to make revenue via emoluments.
Carter was a peanut farmer and those peanuts were sold internationally. He sold the farm before being elected so as not to be in violation of the emoluments clause.
Just setting the record straight. Carter put his farm in a blind trust. And I agree that Trump isn't fit to clean Carter's outhouse
Didn't W divest a bunch of stuff and setup a blind trust for the same reason. And if I'm remembering correctly didn't the peanut farm had been Carter's family for a while so he gave up something that meant something more than money.
Every president save Trump in modern times has had various assets and investments, and they have all put them in blind trusts during their terms.
Additionally, this judgment is for his civil fraud trial. Where he was found liable for inflating the value of his properties in order to obtain loans against them.
Given that, I can understand a general reluctance to loan against the value of his properties.
He was able to obtain a bond for that one as well as having some of the restrictions against him removed.
So if he falls to make bond and the state starts seizing assets, how does that work, exactly? They auction it to pay the lawsuit? What if Trump gets a bite on selling a property intending to make bond but it's a big real estate transaction and that takes time? Will he be allowed to finish the sale before the state seizes assets?
They'd be best to sieze and sell the assets independent of Trump. Chances are he will sell stuff to certain people with Slavic accents, and then we'll have a potential president even further beholden to enemies of the state, which is generally considered sub-optimal.
The government people who are in charge of collecting the dough from this judgment will be wise to the possibility that he may not have a bonafide buyer and that he's just fluffing if he says a deal is about to go through.
Any buyer will know that he's a motivated seller so the offers aren't going to be all that great.
When the government seizes banks that are about to fail, usually they seem to find qualified buyers privately and the deal is over within days.
I have a feeling that because Trump has allowed things to get to this point, the government is less interested in selling at the highest price possible and instead will take any offer that settles the debt.
I'm wondering what priority the state has over existing lienholders. If State has priority, then some banks may be about to get hosed.
Doubtful. That would penalise the banks, which is a no-no, economically speaking.
They can force sale but the banks get first cut.
Then given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.
He won't. I just can't imagine he's not going to find some bad actor to step in before that happens. Possibly SA.
Why would sa make a deal with him? It would have to be secret and there's zero chance he would abide by it later. If he wins and they kill him its a war. If he loses they've bought nothing anyway....
some bad actor to step in before that happens. Possibly SA.
Shohreh Aghdashloo is one of the finest actors of our time. You shut your damn mouth.
Edit: Sorry, I just figured out you meant South America. Yeah, I hate that country, too...buncha jerks.
The other bond companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities),” the filing said.
Perfection.
They won't let him pay with play money anymore.
AKA "we have no idea how much your property is actually worth because you've been lying about it for years, so we want things that have a value set by someone other than you."
It's this.
Anyone would be stoked to lend $500m if he could give them, say, $1b in clear property titles.
He can't because other banks already have their mortgage registered on the titles, and those banks have obviously reached the limit of what they will offer.
This is what I’m expecting, that or appraisals will end up finding out many of these places are worth way less or need condemning/major work to be sellable.
Oh no, he will have to sell the things he inflatated the price for illegally at actual market price.
PSA: it's not over yet, they have until 25th of March. Don't discard a boatload of rubles showing up on March 24th.
I was curious, so I did the (lazy) math.
1 USD is going for about 90 Rubles currently.
Assuming a Ruble is roughly the size of a USD...
A $1M USD stack made of 100 x $10,000, or 10 x 10 stacks measures 12" across x 13" front to back x approx. 5" tall. That is 780 cubic feet or a bit more than 22 cubic meters.
At $464 USD, assuming 90 Ruples per USD and that Rubles are roughly the same dimension as a USD (464 x 90 x 780 or 22) we get 32,572,800 cubic feet or 918,720 cubic meters.
Cargo ship size is usually measured in twenty-foot equivalent units (TEUs), based on the volume of a 20-foot-long (6.1 m) intermodal container. The internal volume of one of these containers is 1,172 cubic feet or 33.2 cubic meters.
Assuming a standard container size, it would take 28,710 TEUs to move the entire Trump bond via ship. The maximum TEU of the largest container ship listed on Wikipedia is 24,232, leaving Trump 4478 TEUs, 5,248,216 cubic feet or 143,296 cubic meters, and $72M short.
TL;DR: Even with the biggest boatload of Rubles, Trump would still come up short on the bond.
Oh that's my birthday. What a good present to have if Letitia James starts selling his shit then.
Yeah for real. Putin may be a dick, but unlike Trump he is way ahead in the dictator plays and is estimated to be sitting at well over 100 billion USD. 500 million to bail out the US president who would gladly take the U.S. out of NATO for him seems absolutely reasonable.
Applying for emergency funding grant from my workplace to move back home and get a new home. Things are actually looking pretty good for me after seven months of living a complete and utter nightmare. When I got the news that I will probably be given the financial assistance I finally need as long as my paperwork is in line, I had to step off the sales floor and going to the bathroom and cry a little bit. I had a really good day today.
It’s been A really long time since had something to hope for
Thanks for asking
Neither did I, to be honest. My birthday was on Friday, and I turned 45, and my family had abandoned me. And it was so bad that I had to keep myself from crying all day at work. But today was a good day. And I’ll take it.
Yep, take every win. And maybe when you're sitting up late at night and the sleep's not coming, just think about this win. Just a bit. It's kinda fun to do.
Wow! Good for you! Also, thanks for being real! Hope everything stays on this path! Don't let the bumps bring you down!
Good luck, hope everything works out and you can get to a place that makes you happy!
He's a billionaire the same way I'm a $10k-naire if I get a $10k cash advance from my credit card and put it in the bank.
... but what if I convince you to put your $10k advance into my bank but promise to pay it back. Would I be a $10k-naire?
It says in the article.
Either he starts paying now, or if he wants to pay after the appeal then he has to have a bond.
He's got to be fuming. He's managed to go 75 years without ever being held accountable by anyone for anything. And now it's happening. He'll drain the RNC by August.
I've heard her referred to as 'tish James, which somehow makes her sound more bad ass.
Gee, he can't pay for his business fraud judgments with his sneaker fraud or his nft trading card fraud?
What about all the bribes he illegally and treasonously accepted by premiers of hostile countries?
Yesss!
Also every immigrant gets their own golf tournament where they're the only contestant so they win by default.
That would make Trump's win just one of many. I'm certain he would dislike that.
If only he hadn't publicly slandered the same person twice more after successfully being sued the first time.
He's trying to get his frequent slanderers card punched enough to get the tenth slander for free.
Sadly he posted bond on E. Jean Carol's settlement so she won't see a dime for years as it goes through appeals
On the first one, yes. This is the second one, that he's failed to post bond for, and won't be allowed to appeal unless he can.
The third was videotaped as he walked out of the verdict on the second.
Dumps showed up at a sneaker convention a few days after receiving his 454-million dollar civil fraud judgment with some boxes of gold sneakers that cost $399 a pair in a typically transparent ploy to cover his costs.
Allegedly, his 1000 "never surrender high tops sold out, though he hasn't paid any of that sentence yet and the thousand available pairs would cover less than .1% of his fines for that single judgment.
Also, a lot of people booed him when he showed up at the convention.
Fox hosts notably thought this was a great way for trump to be "connecting with Black America. Because they’re into sneakers, they love sneakers. This is a big deal. Certainly in the inner city.”
It's a front for laundering him money to pay for his legal fees. Nobody will ever purchase those shoes to wear them. They're going to sit and rot away in a Russian warehouse somewhere.
@WaxiestSteam69 @18_24_61_b_17_17_4
My favorite part of the story is when they find him stiff on the toilet and then dress him in these shoes before the weekend at bernie parade.
Now even our Gloriously Orange Saviour's lawyers are spouting FAKE NEWS! Bunch of LINOs!
There's no bond! There's no judgement! Some very smart folks are saying there may not even be a legal system! Have you ever actually SEEN a judge?
Fear not, our Incredibly Patriotic and Stable Genius is still running the show from Truthy Social.
Ok, hopefully that's everyone inoculated.
As much as I want Trump to be locked up, it would have to be for one of his multiple criminal indictments. Locking people up for not being able to pay fines is basically recreating debtors prisons and is hugely unfair to poor people.
That’s already the case for everyone else, let’s make it apply to the biggest piece of garbage in the world.
Sort of. The Supreme Court said you cannot be jailed for not being able to pay a fine, only for willingly not paying a fine that you can afford to pay. However, it is up to a judge's discretion as to whether a person can afford a fine or not.
In this case, Trump has a lot of properties he can sell to pay a fine.
