Trump doubles down on 'impossibility' of obtaining bond for $464M judgment

[BumRushDaShow]

Source: ABC News

March 21, 2024, 10:58 AM


Lawyers for former President Donald Trump are doubling down on their claim that securing a bond for his $464 million civil fraud judgment is impossible, according to a letter sent to New York's Appellate Division Thursday.

Trump attorney Clifford Robert described New York Attorney General Letitia James' suggestion Wednesday that Trump secure multiple smaller bonds or hand over property to the court as "illogical," "unconstitutional," "impractical," and "unjust."

"Perhaps worst of all, the Attorney General argues that Defendants should be forced to dispose of iconic, multi-billion-dollar real-estate holdings in a 'fire sale,'" Robert wrote in the letter.
Pushing back on the suggestion that Trump could hand over properties to the court, Robert said that the proposal was impractical and "functionally equivalent" to the Trump Organization's court-appointed monitor.

He argued that James' suggestion that Trump procure a series of smaller bonds would fail to resolve Trump's current predicament because lenders are still unwilling to offer a bond using both cash and property as collateral.


Read more: https://abcnews.go.com/US/trumps-attorneys-appeals-court-secure-464m-bond-fraud/story?id=108347165

[Permanut]

1. And that's a problem for the court?

I'm trying to figure out how to use that scam if I get a parking ticket.

[CRK7376]

20. TOUGH SHIT Donnie boy

Don't cheat or break the laws and save money....I hope they take everything you own!

[boyedav1969]

2. Just a year ago he claimed...

...he had over $400M in cash, which was of course most likely a lie. Otherwise, all he'd have to borrow is the additional amount of bond he can't cover himself.

Not being able to cover bond for appeal isn't his biggest concern, it's that more people will realize that he isn't nearly as rich as his ego wants to project. That he's been one giant fraud the entire time.

[bucolic_frolic]

3. Is he trying to use tax assessment values, or loan application valuations?

I hear there's a difference. Would these loan application constitute additional fraud? Is that the sticking point?

[CrispyQ]

4. "...iconic, multi-billion-dollar real-estate holdings..."

Here's a really interesting article on what he actually owns.

"Trump owns the service areas." "Trump owns a 30% stake." "Trump owns the ground lease." "Trump may own some units."

https://www.curbed.com/article/trump-lawsuit-real-estate-nyc-letitia-james.html

[Hope22]

5. Impossible....Impossible he says!!

It seems that way to me too but maybe a fairy godmother can work it out for us! Stuff him in an orange pumpkin and get him the heck out of here!

?si=mXHoRGNgD3eH2z12

[Deuxcents]

6. I don't believe anything he says. He played the poor me right before he made bond

In the E Jean Carroll case and then, poof! He had the funds! He’s a liar and I think something’s up

[prodigitalson]

12. let's assume he's telling the truth....who could possible care?

he made his bead

[underpants]

7. Hold on, I thought he was "the King of Debt"

No one handles debt BIGLY like he does.

[intheflow]

8. My favorite part of all of this is the his daughter and son-in-law could fork over the money.

Or at least enough to make him able to also borrow from other lenders. That says absolutely everything I need to know about Trump's personal finances and ability to pay the money back some day.

[Prairie Gates]

9. All for show

[BWdem4life]

10. What he's saying is, "I'm too big to fail."

He's got the "too big" part right.

[prodigitalson]

11. well, i gues he's just fucked

[cstanleytech]

13. To bad, so sad.

[Brainfodder]

14. Don't crime A$$HOLE at levels never seen before MAYBE?

I will be eating a large box of my favorite DONuts when this A$$HOLE croaks THAT I guarantee you!

[ArkansasDemocrat1]

15. It'll be like when the munchkins learn the Wicked Witch is dead

[iluvtennis]

16. TSF was found guilty of decades of defrauding New York state - it's time for him to pay up. n/t

[mike_c]

17. thoughts and prayers, oh so many thoughts and prayers

We have the very best thoughts and prayers.

[apnu]

18. Unjust?! Trump lied on his taxes and loan apps, but the government is unjust.

Pay up or shut up Donald!

[NanaCat]

19. How lawyers give themselves bad names

Trump attorney Clifford Robert described New York Attorney General Letitia James' suggestion Wednesday that Trump secure multiple smaller bonds or hand over property to the court as "illogical," "unconstitutional," "impractical," and "unjust."

How do any of those hysterical accusations apply to what Ms James said? It's exactly what any lawyer who successfully sued you would tell you if you went crying poor mouth to them--Bond up, or pay up. There are no other options, and being a whingy titty baby about it doesn't change that.

Thousands of normal Americans who lose a lawsuit hear, 'Bond up or pay up' from lawyers and judges, every bloody day. None of the ordinary ones ever get their complaints about being a lawsuit L-O-S-E-R in the media. Nobody ever gives them fawning coverage about it.

They either bond up--or pay up.

And that is 100% the logical, constitutional, practical and just outcome that every lawsuit L-O-S-E-R has to face. Because it's always what happens to the L-O-S-E-R of a lawsuit. They bond up or pay up, and courts support that happening after a lawsuit ruling. Only an appeals court might--might--change that.

Bond up or pay up, Tangerine Twitler.