Broke Boi?? Former President Trump has not been able to get a bond to secure the $464 million fraud judgment against him, his lawyers say

beenz

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since no one wants to loan him the bread against his existing collateral, he's either gonna have to sell some properties at a discount or use ALL his cash to pay it off. and he's NOT gonna use all his cash, cuz he'd have no liquidity. both options are unappealing for him however, but that's the way the cookie crumbles. :francis:
 

bnew

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Salon



Eric Trump says he was laughed at while attempting to secure his dad's $454 million bond​

Kelly McClure

Sun, March 24, 2024 at 1:00 PM EDT·2 min read

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 TIMOTHY A. CLARY/AFP via Getty Images

TIMOTHY A. CLARY/AFP via Getty Images

On Monday, Donald Trump will be called upon to make good on the $454 million judgment in his New York fraud case or post bond in order to appeal the ruling. And if this doesn't happen, AG Letitia James is prepared to seize his assets in an effort to ensure that gets paid one way or another.

In an interview with Fox News host Maria Bartiromo on Sunday, Eric Trump re-circulated the story initiated by Trump's team that they've been turned down by every lender they've reached out to regarding the bond, saying that they basically laughed in his face.

"This is 'lawfare,'” the younger Trump said. "They want to hurt my father, who’s winning the presidential race right now. He’s beating Biden in every single poll in every single swing state. He came out and said he wants to put hundreds of millions of dollars of his own money into his campaign. And, how do they deprive him of that? They have (Judge Arthur Engoron) come up with an astronomical number, give you zero time to post a bond, a bond that’s not even commercially available in the United States. It’s not — no one’s ever seen a bond this size. Every single person when I came to them saying, 'Hey, can I get a half-billion-dollar bond?' Maria, they were laughing. They were laughing. Top executives of the largest surety companies had never seen anything of this size. What, they’re going to start seizing assets if he can’t put up something that’s not available in the United States?"

Watch here:

 

bnew

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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?


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