What Trump actually owns/or not

[Rideback]

https://www.youtube.com/watch?v=qS_yg5XCVsM

'Make America pray again'

[just-jim]

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Just when you thought things couldn’t get any more creepy…..Guilty donnie is hawking $60 bibles.

Yep…ironic.

https://www.theguardian.com/us-news/202 ... ling-bible
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[Rideback]

Yes, and this latest decision left intact the total of the $ judgment, it only was addressing the bond amount. That judgment amt stays in place and will be accruing interest. Also, the appeals panel left in place the monitor so agreed that a watchful eye over Trump's finances was warranted.

just for you Ken
https://twitter.com/TheDailyShow/status ... lXD0xlMe8A

[mister_coffee]

To be fair, damages in civil cases are almost always reduced on appeal. Since the damages in this case are so large I'd expect them to be substantially reduced by the appeals court (whatever it is called in New York).

That isn't the same as "overturning" the case.

[Rideback]

Ken, for the zillionth time, there was no jury in this case not because the Judge denied a jury trial (judge's don't have that power) but because Trump's lawyers did not check the pretrial box asking for one. This was Trump's choice, he has no one to blame but his own self and his team.

On what legal basis are you relying on for your claim that the case will overturned? Remember, there are receipts that were presented during trial, nothing relied on the judge's opinion. Forbes brought receipts that demonstrated that Weisselberg knowingly lied, perjured himself in his testimony.

The case was brought before Trump even announced he was running for President. Trump doesn't use his personal funds for campaigning, despite what he'd like you to believe. Look at the RNC deals made that their coffers will be used to pay for his legal fees at the expense of down ballot funding for other candidates.

[just-jim]

You celebrate throwing our country away and the rule of law to get one person you don’t like and can’t believe half your countrymen support and want to lecture about past values and truths? Heal thyself physician!

Not celebrating any such thing. I am celebrating a serial law breaker - one who has fleeced this country and its people for decades - finally getting Justice, and for once in his life facing consequences of his actions.

‘Half your countrymen’…not even close….piss pants got 47% in the last election - you know, the one he lost? His number was 74 million votes - that’s not even 1/3 of the number (256 million) of eligible voters in 2020. Stop making stuff up!

I’ll bet he didn’t even have to offer you very much $$, did he?
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[dorankj]

You celebrate throwing our country away and the rule of law to get one person you don’t like and can’t believe half your countrymen support and want to lecture about past values and truths? Heal thyself physician!

[just-jim]

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How much did YOU sell YOUR soul for Ken? Did you take an IOU? Don’t tell me you took a check?!?!
Goodness, I bet you’re still waiting for him to make good on that!
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[dorankj]

Always wrong, never in doubt! Precisely zero point in law, now do the Biden’s.

[mister_coffee]

https://www.youtube.com/watch?v=EDMinX6t1Zk

[dorankj]

You nutz will NEVER consider that he received a ridiculous unfair ‘penalty’ for a ridiculous unfair ruling from a ridiculous partisan nut ‘judge’ (denying a jury) that’s been overturned 5 times just in this case and is quite likely to signal a complete overturn of this case! (But that wasn’t the point, just take all his cash so he can’t run for election) you’ll are pretty disgusting!

[mister_coffee]

There have been bigger appeal bonds than $100M before. And even if one bank didn't want to do it they could syndicate the bond and raise the money that way.

The most likely reason that he couldn't post a $450MM bond is that he didn't have the collateral to back the bond. It remains to be seen whether he has enough collateral to back the smaller $175MM bond he'll need now.

He could hypothecate his Truth Social shares, but usually lock-ups prohibit that as well as just selling the shares. Although lock-ups are all too often ignored and in practice there isn't much anyone can do to keep that from happening.

[Rideback]

Explanations of how the bonding companies work in NY indicate that they generally only bond up to $100 million so he's going to still struggle to get a bond even with the discounted amount.

Likewise, TruthSocial merger and DJT opening on the exchange Tues is problematic in that #1 it's getting horrible press that lays out how it's so far been a big loser #2 the merger rules going forward only allow for him to liquidate 1% (of course he could follow the path of break the rules first and apologize afterwards).

The new trial date of April 15 commencement of the NY case with Stormy Daniels sounds like it took him by surprise, just as the judge's ruling this morning that he would not toss the case because it wasn't the DA's fault that the discovery materials that arrived late were no fault of the DA but more likely the FBI was the culprit for holding onto them (they included ongoing investigation materials regarding Bill Barr) and besides, in the eyes of the judge, the material didn't contain anything that was specifically exculpatory to the facts of this case for Trump.

[mister_coffee]

Looks like he actually got some relief from the appeals court. They gave him ten more days and reduced the bond to $175MM.

My suspicion is that he is going to have trouble covering even that amount. Unless he dumps a bunch of Truth Social shares...

[just-jim]

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Good explanation, here:

https://www.theguardian.com/us-news/202 ... ump-assets
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[mister_coffee]

I think the very most generous interpretation is that Trump has a complex portfolio of hard-to-value and hard-to-sell assets. A lot of times that is because of his own business decisions, including accepting lock-ups and entailing properties as collateral for debts.

If an asset is locked up and he can't sell it, the value today is pretty close to zero.

One thing to watch is what is going to happen with Truth Social getting SPACed on Monday. Trump has (on paper) $3 billion in shares which are locked up. One option for him is to ignore the lockup and start dumping shares. That might well trigger a shareholder lawsuit or force the board to sue him. Interesting times.

[Rideback]

At this point I'm going to assume it wouldn't be Trump doing the selling, it would be James and the court but that said, I also suspect that there isn't a Trump property that isn't the scene of a crime. Bedminster likely still houses the missing classified docs for instance.

Also, we're probably about to learn just how much cash Trump really has, when James freezes the bank accounts, which are still under the watchful eye of the court appointed monitor. Meeting payroll just got more problematic for the Trump Org.
I'm finding it interesting that there doesn't seem to be much in his portfolio that he actually owns outright which makes liquidation all the more problematic.

'Preserve the crime scene' may become just the tip of the iceberg.

[just-jim]

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An interesting follow on….
Say pee pants was FORCED to sell…oh, maybe Mar a Lardo to satisfy the judgements against him.

Big question : can he sell ‘the scene of a crime’? Opinions……https://www.rawstory.com/trump-crimes-2667572238
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[Rideback]

Whoa!
https://www.curbed.com/article/trump-la ... james.html