As there’s a huge difference between what his portfolio was worth a couple years And what he claimed it was worth
It’s all probably worth a few cents on the dollar. I sincerely hope that this is where the whole tottering edifice of lies stacked on lies crashes around Dementia Don’s ears, and shows him to be the total loser he’s always been.
His cosplay fantasy will really show as the emperor’s new clothes.
I wonder who’s going to play him in the movie?
I wonder who’s going to play him in the movie?
Ha! That could be a great thread in itself! 😁
sanctions because of Ukraine means that line of credit is no longer available.
I hadn't considered this! Is "lift. the. sanctions!" going to become the new MAGA chant?
If Donald extracts the cash from the business it’ll probably go bust as it’ll no longer be able to service its debts, lead to a fire sale of his assets and leave him with an even bigger debt pile.
In the statements from his lawyers (and the insurance CEO who he has in his political pocket), he seems to going for the angle that this fine is so large that an individual could never meet it - which is obviously part ego/face-saving, and partly a peek at the thrust of their appeal.
Its just fantastic that in a trial about him grossly inflating the values of his business, he is being shown to have been grossly inflating his own personal wealth.
My understanding is that if he doesn't liquidate assets to pay the $454+, then the court will do it for him. I wonder whether Trump is being advised whether it's a better look (politically) to sell them himself, or have them "seized by the deep state". Surely we are going to see a Saudi prince buy some worthless Trump warehouse for half a billion dollars? What happened to all that cash that Jared got out of them?
I wonder who’s going to play him in the movie?
Rodney Dangerfield.
Do they have 'Can't Pay We'll Take it Away' over there?
I'm hoping the whole DWAC & Trump Media group merger thing tanks, on current stock valuation it would be worth several billion to him 🙁 Although even assuming it goes ahead he can't sell for 6 months so there's still a lot of time for the market value to correct itself
Alex Winter is my call.
Bogus.
My money is on Gregor Fisher for the STV mini series
Sandwich - that is bigly brilliant.
Chapeau Sir!
I wonder whether Trump is being advised whether it’s a better look (politically) to sell them himself, or have them “seized by the deep state”.
He's all about 'the deal' so he can't sell them off quickly to the first bidder and stoke his ego so I'd go with the deep state stealing it off him (and if you could donate all your spare dollars to my fund to get them back please click the link here...).
his ego is so mad now, he’s trying rewrite history saying Biden defeated Obama. 😕
He was referring to the 2008 run for the democratic nomination for president.
It seems the guy is a rapist and a fraud.
Who would have thought?
He was referring to the 2008 run for the democratic nomination for president.
Biden withdrew after the opening vote @ the Iowa caucuses when he got a whopping 0.9% 😕
So, in a plot twist from a galaxy far far away.... Putin pays his bond....
And while I'm here. Just where is Melania? Has there been a patio / new putting green / helicopter pad built lately?
Chilling on a secluded beach somewhere, with Kate Middleton and Shergar.
And while I’m here. Just where is Melania?
There's no money left. So she is leaving imo.
Gah - all the buttons have gone
"And while I’m here. Just where is Melania? "
Well he opens himself up to that speculation in his usual way of projecting his one issue onto other. He asked questions on the campaign trail about why Nikki Haley's husband wasn't by her side while she was campaigning. He's a serving solder and currently deployed in the Horn of Africa. They kind of guy Trump would describe as a loser.
5 days Donnie
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.
