I suspect it'll come down to the last day and then the courtys will back down slightly...I suspect he is looking to maximise the 'victim' angle to infuriate his supporters even more and get them absolutely committed to voting for him no matter what.
MAGA - My Assets Got Auctioned
Make it All Go Away
Ignore. Image posting fail. I give up.
@frankconway My BlueSky feed threw that out late yesterday when the Left-siders got going. I just borrowed it as it is extremely appropriate.
If one gets a defamation ond paid by a supporter one should not then repeat the defamation, it's not a free-pass Donnie.
The worst thing that could happen to the Biden campaign is for the "Orange One" to die before the vote but on the campaign trail. The danger of a competent fascist getting in on the sympathy vote.
The worst thing that could happen to the Biden campaign is for the “Orange One” to die before the vote but on the campaign trail. The danger of a competent fascist getting in on the sympathy vote.
You wonder who the (now Trump owned) RNC would pick in those circumstances - normally it would be the running mate, whoever that is. They could go for DeSantis, I guess, but you'd expect whatever sycophant was in favour at the time to get the nod, rather than anyone who has criticised or run against the orange messiah in the past.
I suspect the dead-eyed blond woman may get the nod as she is purging the party of the competent fund-raisers and campaigners. This would be good news for Biden.
There was a story in the NY post(right wing paper) about a British guy who inflated the worth of his companies selling HP some software and he's being extradited to the US to face charges of fraud etc.(Mike Lynch)
.
Unusually for the post they're not allowing comments on that story.
Hmmm strange. a businessman fraudulently inflating the worth of his businesses to con a US company out of money and the post isnt allowing comments on it. I wonder why 😕
Couldn't be its almost exactly the thing Trump did with his dealings for bank loans 😆
Biden's gag-writers getting into the fresh material.
https://twitter.com/kylegriffin1/status/1770821615321829393
Let's assume the Mandarin Mussolini can't stump up the $455+ million and the NY AG starts seizing property.
Presumably, at least some of this property is leveraged for other purposes and/or is still mortgaged. If this assumption is correct, would lenders or the courts have first dibs on any proceeds?
Also, is he likely to have any tax liabilities due to capital gains from any such sale?
In other words, would selling (single?) property for $455m clear his obligations to the court or will he need a LOT more cash to clear all the liabilities before paying off the fine?
MAGA – My Assets Got Auctioned
🤣👌🏻👏🏻🎩
Presumably, at least some of this property is leveraged for other purposes and/or is still mortgaged. If this assumption is correct, would lenders or the courts have first dibs on any proceeds?
I’ve read in some sources that virtually all of his properties are leveraged, because he’s such a useless businessman any money he makes goes straight back out - few of his harebrained schemes actually make any money. The fact that none of the sources approached, about thirty, are prepared to cough up the $460 million he needs. Says it all, really.
I’m sure there will be a big party in Scotlandshire should the cosplay fascist have his golf course taken away. One lives in hope!
I read this Q and A with "Will Thomas, a business law professor at the University of Michigan, to explain why Trump needs an appeal bond and what happens if he doesn’t get it by the deadline." https://theconversation.com/trump-judgments-whats-an-appeal-bond-what-happens-if-he-cant-get-a-454-million-loan-226187
It covered several points for me, including the possible choice to declare bankruptcy
A lien has been placed on his up state New York property, the process begins!
3 days Donnie
futon - that isn't what's happened; the 'judgement' submitted to Westchester court on 6 March is the first stage in a process which *could* result in a lien being placed on the Seven Springs estate.
There are still legal processes to be followed before a lien comes into force.
More paperwork filed today
Donnie has till Monday to post the bond in full
Unless the NY appellant or appeals courts decide to get involved.
They could, for example, reduce the bond or impose a stay.
MAGA Graft
Trump Media, which runs the social media platform Truth Social, is poised to become a publicly listed company, after a majority of shareholders of Digital World Acquisition Corp voted on Friday on whether to acquire it.
Mr Trump is due to have a stake of at least 58% in the merged company, worth more than $3bn at Digital World's current share prices.
Surely the graft to end all grafts? From here:
https://www.bbc.com/news/business-68609007
DWAC is little more than a meme stock and any shareholding is likely to be highly illiquid.
No doubt there will be a lot of mug punters in the US who will ignore the fundamentals, buy into the hype and jump into the market when the shares start trading.
"It seems to be getting to him."
Its just about the right size and shape to be printed on a commemorative tea towel.
...
....
...
..
Also..... in the kind of fictional dystopian near future that we seems to have become our factual dystopian present - of course theres company call "Digital World Acquisition Corp"
Who valued DWAC at that value? I assume it was an attempt to secure finance rather than on a tax form.
Its just about the right size and shape to be printed on a commemorative tea towel.
I'd buy one.
In his all caps meltdown do we think insight is code for insider trading?
Paperwork filed on the property serves as a lien on it, according to this guy who is a practicing attorney in NYC and Florida.
"I’d buy one."
A dollar each? I'll get 464,000,000 printed.
I believe he is wrong.
The deadline for trump to either settle the judgement or put up a bond to facilitate an appeal hasn't arrived yet.
Under what circumstances do you think it would be legal to encumber a property with a lien nearly 3 weeks before the deadline to pay up or lodge a bond?
The judgement papers submitted by the AG give her the right to start a legal process - including attempts to attach liens to assets including property - if trump fails to pay or lodge a bond by the deadline.
How long before we have a Marjorie Taylor Greene thread? She's proper Upton Park.
It had revenue of about 5M last year. It's only worth that much because a few die hard MAGA are buying and no one is selling. If trump tries to sell the price will tank.
There will be a number of Saudis willing to buy shares off trump
Surely the Saudi's will just buy the shares - keeping the value up while Trump sells, then it'll collapse. He'll walk away vindicated etc. They're not lending him the money directly so everyone's a winner. Except decency, truth and justice.
Can he sell before 6 months though?
Surely the Saudi’s will just buy the shares – keeping the value up while Trump sells, then it’ll collapse. He’ll walk away vindicated etc. They’re not lending him the money directly so everyone’s a winner. Except decency, truth and justice.
What's the win for the Saudis? I'm not up to speed on this.
futon - my understanding is that he cannot sell for 6 months after the flotation; nor can he lend, offer, pledge, encumber or donate any of his shareholding during that time.
As for Saudi involvement - they 'invested' $2 billion in kushner's business; we don't yet know what hey got in return.
trump is now exposed as an individual who, because of his need to divvy up $500 million within hours, can be bribed, bought or otherwise 'influenced' by what US law would refer to as bad actors.
Half a billion of 'support' - followed by trump winning the election - would ensure a lot of valuable 'favours'
What can we expect to happen today?
MAGA wins at "Top Trumps"
"Most debts"?
"Largest bond in history"?
Just in...NY appeals court gives trump 10 days to put up $175 million to appeal against fraud disgorgement decision.
This does not reduce or otherwise change the size of the disgorgement decision; that will be determined if/when an appeal goes ahead.
Don Poorleone trending on X/Twitter 🤣
I am pretty disappointed with that, in a country where poor people are frequently badly served by justice just because they can't afford to fully engage with the legal system, it is pretty disgraceful that once again the rich are given special dispensations for "affordability".
As I just said to a friend: "I don't understand how they get away with this shit. I mean, If I was bragging about having the money, IN CASH; but then said I was not going to hand it over to a court, they would fricking bury me"
That was surely predictable though...we knew it was too good to be true that today was going to be the start of the great fire sale...
It is hilarious though - hearing how fit and proper the law is and watching it all fold around a rich person who has done wrong...
This is going to be absolute gold for Trump...
Lame 😒
Next time I get a speeding ticket I'll offer them £5 instead, and if they don't take it I'll bring a load of my friends round to the local police station and smash some stuff up.
Trump, Stormy Daniel’s fraud trial date set, 15th of April. Is this the only criminal trial that will actually go before the election ?
Mind you 175 mill is still going to hurt and deplete his coffers for the next one. Im not 100% convinced he will find that much in 10days.
His protestations that "nothing like this has ever happened before in US history"
Correct Don, because there's never been a ****ing criminal US president before, you weapons grade numb nuts.
"Mind you 175 mill is still going to hurt and deplete his coffers for the next one. "
It's all depleting republican campaign funds too - his lawyers bills are being paid from his electoral PAC - to the tune of more than a $million a week. Last month they paid out more in legal fees than they received in donations.
Seems absolutely shit to me, if you had a $5000 fine to pay for a normal person crime you wouldn't get a discount or delay.
Still, it'll be interesting to see what happens next- if after all the talk of "excessively high" and the totally logical bit of "I have $500m cash but I can't pay this bill for less than $500m for totally authentic presidential reasons, can he now pay the reduced amount?
He’s going to be President again and everyone will suffer as a result. That’s what’ll happen next.
Worth noting that the fine of 454m stays, it's just a lesser bond amount to enable appeal, still liable for the full amount.
Worth noting that the fine of 454m stays, it’s just a lesser bond amount to enable appeal, still liable for the full amount.
To me, that's irrelevant. Let's face it, that fine is never gonna be paid in full.
This is just another delaying tactic. He's probably got a full team of lawyers working 24/7 on tactics to delay each case based on nonsense arguments and he'll deploy a single tactic (nonsense arguments) at a time which most suits him, then deploy the next tactic just before things get really expensive or critical.
At his age, he'll die of natural causes before justice is served - which is very depressing.
Are there any lawyers present in STW? I'm curious if such delay tactics are used much by defense lawyers? Are we (those outside of the justice system) just being naive expecting the wheels of justice to turn fairly and efficiently? Or is such devious behavior typical? Are judges really so gullible to fall for this?
Hats off to Trump as I'd probably do the same if I was in his position and had his money...
Meh - I'm a bit torn.
Seizing his assets and flogging them off for cents on the dollar would have been so easy for him/his team to spin as persecution/unfair/unwarranted. Having him admit he "only" has $175m available is somewhat of a win in itself. Don't get me wrong, I would have loved for them to start seizing assets and absolutely decimating him in the process - but I don't know what the precedent is for lowering the bond amount is, and I don't know whether $175m (on top of the E Jean Carol payout) achieves more or less the same thing.
The anti-trump campaign is (instead of criminality, morality, lying, corruption etc) now focusing on painting Trump as a "loser" - they have figured out that this is the best way to convince people who would vote for him, not to do so. Biden is beginning to talk up all of his (considerable) achievements since taking office, and pointing out Donny's failures. It'll be interesting to see how they position this.
While the media was focused on trying to convince us that the bond reduction was an unmitigated win for Donald, the results of a hearing in a courtroom a few blocks away was an unmitigated disaster for him… Here’s what happened and what it means: As Donald sat in the courtroom, Judge Juan Merchan cut through his attempts to delay his election fraud case and scolded Donald’s attorneys for accusing the Manhattan DA’s office of prosecutorial misconduct with zero evidence. As Merchan grew “uncharacteristically furious,” Donald reportedly “stood and scowled.” Scowl harder, Donald. But why did the New York election fraud case became Donald’s worst nightmare? At the close of the hearing, and despite protests from Donald’s attorneys, Judge Juan Merchan set the trial to begin on April 15. Prosecutors have told the court they will need 15 to 17 days at minimum to present their case. Judge Merchan has already made it clear he won’t tolerate any unnecessary delays. What this really means is that today’s decision made it more likely that we will get a criminal verdict before the 2024 election, possibly with a few months to spare. Up to 53% of key swing state voters say they would refuse to vote for Donald if he were convicted of a criminal offense. While the media will tell you Donald won today, he actually faces a better chance of being a convicted for a crime and being sentenced to prison before the election. That, in turn, makes it significantly less likely for him to win in November. On top of that, New York State is one step closer to being made whole if they can secure that $175 million bond. That is, if Donald even has that much. I’ll take that news. How about you?
That was surely predictable though…we knew it was too good to be true that today was going to be the start of the great fire sale…
The appeals court has to consider the possibility that the sentence will be reduced or overturned on appeal. If they order a fire sale now in order to pay the bond and the penalty is overturned on appeal, there would be no way to remedy things. This way, he's still liable for the full amount if the appeal is rejected and still has to stump up a huge chunk of cash. Not really the major win for Trump that people may assume.
The prosecution in the Stormy Daniels case relies on some pretty hazy reading of laws linking election funding and business records and making them felonies that are [almost] unique to Trump's situation, and it's most likely the weakest case against him. Frankly if his lawyers can't get him out of it, they're a bit shit. But then to do that they've got to say "these are personal matters and a bit of dicey booking keeping to cover it up" I've no idea how keen Trump is about having that said in court.
Oh look.
https://www.bbc.co.uk/news/business-68667664
He is currently barred from selling his holdings for at least six months, making it difficult for him to tap the windfall immediately.
The company's board, which is stocked with allies including one of his sons, could potentially change that rule, but analysts have said they think that would be unlikely to happen immediately.
I reckon the board might just change the rules. Got to admire to sheer brass neck.
Big mouth donny has just earned himself a gagging order in the Manhattan hush money case.
I reckon the board might just change the rules
Surely that would absolutely tank the price though? It would basically be an imminent warning that a major shareholder was about to sell a shitton of shares?
Even without that, they must surely be ripe for short selling now.
frankconway
Full Member
Big mouth donny has just earned himself a gagging order in the Manhattan hush money case.
Wonderful!
"Big mouth donny has just earned himself a gagging order in the Manhattan hush money case."
For slagging off the judges daughter, if I read it correctly. What an utter arse!
It plays into his supporters mind pefectly though - looking like he is sticking it to the Man...for sensible thinking people (or those that can think straight rather than incredibly skewed in 1 direction) they can all see it isn't even slightly impressive, but his fans will be absolutely lapping this up as if he is standing up and really giving the fight.
Frankly if his lawyers can’t get him out of it, they’re a bit shit.
So I'm going to revise my view about Trump's lawyers (and I suspect Trump's going to as well) Reading the transcripts of yesterday's proceedings when the defence first alleged that the prosecution had dumped thousands of pages of new material at the last minute (March 1st), and that it was so procedurally egregious that it risked the courts reputation...Which got the judges attention (as you'd imagine) and he asked Trump's lawyer to be very careful and specific about his proof. He (the Judge) then revealed that while he'd wished he'd had more time...He'd reviewed the new material. At which point the penny dropped, and Trump's lawyer had to admit that he'd not read any of it...went went as well as you'd expect.
They then had a back and forth about how many of the documents (there were thousands of pages) were actually relevant and it turns out that it was about 300. (oops)
Trump's lawyer then tried to assert that the documents weren't relevant as they were under the control of the FBI and US attorney and that New York state had violated its on rues about them being under their control. To which the judge pointed out that he reckoned Trump's lawyer would have a hard time asserting that the FBI was under the control of New York State...So then the judge points out that Trump's lawyer used to be a assistant district attorney in New York, and knew the rules, and what did he think he was doing bring all this time wasting nonsense to his court-room?
It really does seem like Trump (and his lawyers) are really just not prepared for the reality of the fact that there's going to be a criminal case in 20 days that could end up with this judge (who they've already pissed off) sentencing him if Trump's found guilty.
Hopefully the jury is reading all this kind of stuff and realising that whatever is said as defence is likely to need a massive pinch of salt with it.
I'm sure this has been said before but I reckon this is deliberate tactics on Trump's part as he is still trying to control the game so his followers remain blindly devoted...but I also think the game they are playing is starting to get swamped by the real game and things should be getting very uncomfortable for him.
Still too early to call which way it is going to go though...
(Edit - aware the jury shouldn't be reading this stuff as that would make them biased, but hopefully get what I mean)
In other news...'God save the USA' bibles now available - exclusively from Truth Social at $59.99.
Bargaintastic!
Billy Bob from Hicksville will definitely be reading that, reclining on the back porch, resplendent in his 'gold' hi-tops, chugging down some hydroxychloroquine.
Yessiree!
"Hopefully the jury is reading all this kind of stuff and realising that whatever is said as defence is likely to need a massive pinch of salt with it."
The jury is supposed to make it's decision based on what it hears in the court room, but I don't know how you can avoid all this chaos outside.
Aye, just done an edit on my post saying similar...they aren't meant to be aware of all this but it'll be near impossible to avoid much of it - perhaps another tactic from Trump - make it impossible to get a jury who aren't aware of all this...
So like everyone else I was laughing about the bibles but allegedly, it's more cynical than it looks- while yep sure some idiots will buy them as individuals, it gives officially non-political organisations, especially those super rich mega-churches, the ability to channel funds to trump as a faux commercial transaction and dodge all of the normal political donation restrictions. Oh no your honour I didn't donate 100 million of my churchmember's taxfree tithes to Donald Trump, that would be illegal, I simply bought 1.6 million bibles in a perfectly normal business transaction. Why no they haven't been delivered yet but I'm sure they will be at some point.
So like everyone else I was laughing about the bibles but allegedly, it’s more cynical than it looks
And more sinister - on the FAQs page, in between 'What is your return and refund policy?" and "does any of the money from this Bible go to the Trump Campaign?" is the pressing question "What if my bible has sticky pages?"
That would be 'ecumenical matter'.
Trump keeping it classy.
Donald Trump posts video of truck showing hog-tied Joe Biden
https://www.bbc.co.uk/news/world-us-canada-68698627
This Thursday, 4 April, is deadline for trump putting up $175 million bond.
Will he or won't he?