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03-18-2024, 05:12 PM
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#1
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Lifetime Premium Access
Join Date: Nov 16, 2013
Location: Baton Rouge
Posts: 6,705
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If You Overvalued Your Assets You Can't Be Mad When No One Will Give You Money Against Them
Trump claimed his valuations were real but no insurer will agree to provide a bond at his value. So now he can't post his 400 mil appeal. I see a seizure of assets coming. He lacks cash and stock to cover his 400 mil.
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03-18-2024, 06:06 PM
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#2
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Account Disabled
Join Date: Jun 5, 2017
Location: Retired
Posts: 24,859
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Broke back trumpf deserves to have his assets seized. He didn't earn his money anyways. He swindled and conned for every dollar he ever made.
Seize his assets now!
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03-18-2024, 06:49 PM
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#3
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Valued Poster
Join Date: Feb 27, 2010
Location: houston
Posts: 11,881
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Knowing Trump, he probably already borrowed against the same assets 2 or 3 times.
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03-18-2024, 09:06 PM
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#4
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Lifetime Premium Access
Join Date: Nov 16, 2013
Location: Baton Rouge
Posts: 6,705
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30 different banks and insurers said Fuck off Trump, you're worthless.
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03-18-2024, 10:23 PM
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#5
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: Austin Texas
Posts: 5,098
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Quote:
Originally Posted by 1blackman1
30 different banks and insurers said Fuck off Trump, you're worthless.
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I don’t think that is quite the right qualifier. I think that if they liquidated all his assets they could get the money. I don’t think the banks want to loan money to him because they don’t want to deal with the hassles from him, his followers, other creditors, the justice department, etc etc.
The whirlwind of trouble surrounding him is quite extensive.
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03-19-2024, 08:18 AM
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#6
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Lifetime Premium Access
Join Date: Nov 16, 2013
Location: Baton Rouge
Posts: 6,705
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No one will use those properties as collateral. He could refinance Mar-a-lago.people say It’s worth a quadrillion dollars. With such valuable properties that were so undervalued by the court, surely, banks should be lining up to loan Trump money against these amazing properties. Raising 450 million should be quite doable.
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03-19-2024, 09:53 AM
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#7
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Valued Poster
Join Date: Feb 27, 2010
Location: houston
Posts: 11,881
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Who in their right mind would trust giving Trump a bond ? Everything about him is a fraud.
As I understand it, no bond, no appeal chance for Mr. Trump. Now his lawyers are trying to appeal the amount of the bond required, trying to get it lowered.
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03-19-2024, 11:17 AM
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#8
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Valued Poster
Join Date: Jan 21, 2011
Location: Bonerville
Posts: 6,831
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another thread full of truth and yet not a whisper from our friends on the right? ahhh..the smell of defeat and the silence is deafening.
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03-19-2024, 12:08 PM
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#9
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Lifetime Premium Access
Join Date: Apr 25, 2009
Location: sa tx usa
Posts: 16,054
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Quote:
Originally Posted by eyecu2
another thread full of truth and yet not a whisper from our friends on the right? ahhh..the smell of defeat and the silence is deafening.
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Our friends have definitely been off the radar on a few things that have/are soon to come to fruition.
Where are all those people who said donny is a quadzillionaire?
Why won't anyone take the no-loss bet on using the billions dollar plus Mar-a-Lago as collateral?
You'd think these business didn't care about money like NaCl-y ignoring all that cash Texas LtGv has waiting for him.
Things that make you go "Hmmmm?"
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03-19-2024, 12:25 PM
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#10
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Valued Poster
Join Date: Mar 31, 2010
Location: Houston
Posts: 15,054
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I look for the Supreme Court to step in on this. The 8th Amendment is there for a reason.
If not, I look for him to sell off every asset he has in New York, pay the fine, and get out of town.
The only entity that would bail him out is Elon Musk, who might do it just to piss a bunch of people off.
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03-19-2024, 01:06 PM
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#11
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Lifetime Premium Access
Join Date: Nov 16, 2013
Location: Baton Rouge
Posts: 6,705
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Quote:
Originally Posted by VitaMan
Who in their right mind would trust giving Trump a bond ? Everything about him is a fraud.
As I understand it, no bond, no appeal chance for Mr. Trump. Now his lawyers are trying to appeal the amount of the bond required, trying to get it lowered.
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He can proceed with his appeal even without a bond. However, the state can proceed with executing its judgment as the appeal moves forward. The purpose of the bond is to stop the execution of judgment.
Quote:
Originally Posted by Jackie S
I look for the Supreme Court to step in on this. The 8th Amendment is there for a reason.
If not, I look for him to sell off every asset he has in New York, pay the fine, and get out of town.
The only entity that would bail him out is Elon Musk, who might do it just to piss a bunch of people off.
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The Eighth Amendment has nothing to do with this and Supreme Court isn't going to give one shot about this case or judgment. His only chance would be the SC possibly looking at whether there is a Fourteenth Amendment due process issue. But I've my doubts on that.
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03-19-2024, 01:42 PM
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#12
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Valued Poster
Join Date: Feb 27, 2010
Location: houston
Posts: 11,881
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That is not quite the language I have seen.
What I have seen is he got 30 days to post a bond so it could be appealed.
If not done, appeal is not possible, and the judgement is executed.
Correct the 8th amendment has nothing to do with this. It is a Hail Mary play.
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03-19-2024, 02:33 PM
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#14
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Premium Access
Join Date: Oct 29, 2018
Location: San Antonio
Posts: 717
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Poor Diaper Don, where is all the money he brags about every chance he gets? Call Jared for a loan from another loser.
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03-19-2024, 02:45 PM
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#15
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: Austin Texas
Posts: 5,098
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Read a article by Peter Coy suggesting the problem is regulatory in nature.
Apparently you can’t put up real estate as collateral in New York for a surety bond.
Apparently Trump would need to put up about a billion in cash and liquid securities to get the bond at the rate that they charge.
https://www.nytimes.com/live/2024/03...nied-insurance
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