Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

live love laugh

(13,150 posts)
Mon Mar 25, 2024, 02:58 PM Mar 25

If the initial judgment had been $175m most would've thought that significant.

I still think it is. And it’s still a consequence for a man who is used to not suffering the consequences of his actions.

It’s still a win for New York, and for America.


8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
If the initial judgment had been $175m most would've thought that significant. (Original Post) live love laugh Mar 25 OP
He hadn't been held accountable for anything, that's significant. dem4decades Mar 25 #1
Had they started at 175M Blue Idaho Mar 25 #2
This! Hope22 Mar 25 #5
He's still on the hook for the entire judgment! $450M, with interest accruing Ocelot II Mar 25 #3
I believe he can't get the money from any entity registered in NY Cattledog Mar 25 #6
Seems he can get money from NY chowder66 Mar 25 #8
My guess is that they won't get a penny more. Hope22 Mar 25 #7
The final judgement of 450 whatever specifically reflects... Think. Again. Mar 25 #4

Blue Idaho

(5,060 posts)
2. Had they started at 175M
Mon Mar 25, 2024, 03:02 PM
Mar 25

It would have still been lowered on appeal. I’m glad they started where they did. Now let’s throw out his appeal and take his money.

Hope22

(1,880 posts)
5. This!
Mon Mar 25, 2024, 03:18 PM
Mar 25

It is beyond me why the judges couldn’t have explained that the original amount of money was determined on a schedule. The amount of taxes that were not paid by low balling property values, the amount of interest unpaid by falsifying values plus interest. They didn’t just pull the number out of their asses to hurt the baby man! Now it looks like the original number was set at an arbitrary number instead of the amount that would have been paid by an honest business. That’s what kills me. Regular businesses pay fines on real mistakes. One time I thought that I had made a withholding deposit but at the end of the quarter I had made a miscalculation. Boom…$1,200 penalty. I’m so sick of this guy getting preferential treatment! To think that all of the ‘upper crust’ gets the same benefits makes my disgusted!

Ocelot II

(115,894 posts)
3. He's still on the hook for the entire judgment! $450M, with interest accruing
Mon Mar 25, 2024, 03:06 PM
Mar 25

at $111,000 per day. Why is there all this weeping and wailing about the reduced bond requirement? We don't even know yet if he'll be able to get it in 10 days. If he does, the state gets the money if he loses the appeal (and he will) without having to go through the protracted and complicated procedures involved in attaching assets in that amount, and he's still liable for the rest of it. If he doesn't get the bond she can go ahead and execute on the judgment. By that time he'll owe another million bucks because of the interest. Even if the appeal takes a year (not likely, but possible), that's another $40 million.

Cattledog

(5,919 posts)
6. I believe he can't get the money from any entity registered in NY
Mon Mar 25, 2024, 03:20 PM
Mar 25

The Appeals court left that in place. Am I correct?

chowder66

(9,087 posts)
8. Seems he can get money from NY
Mon Mar 25, 2024, 03:26 PM
Mar 25


Lisa Rubin
@lawofruby
When I’m wrong, I say I’m wrong, & I read too quickly. The court DID stay the provision barring Trump & his companies from borrowing from financial institutions registered or chartered by NY’s Department of Financial Services. Trump now has to post less & can borrow $ more easily.
Quote

Lisa Rubin
@lawofruby
·
3h
NEW: Yes, Trump got his bond in the civil fraud case reduced to $175 million. But guess what? The court denied his motion to stay the provision of the judgment forbidding him from borrowing from financial institutions registered or chartered in NY state. 1/




Hope22

(1,880 posts)
7. My guess is that they won't get a penny more.
Mon Mar 25, 2024, 03:23 PM
Mar 25

Especially if he is installed as President again. It wasn’t the judges money to give. The people of New York will be the losers. Plus it looks like he was being beat up on by the left and the judge fixed it.

Latest Discussions»General Discussion»If the initial judgment h...