Donald Trump Fears He Could Lose His Prized Assets 'Forever'

[BumRushDaShow]

Source: Newsweek

Published Mar 21, 2024 at 12:38 PM EDT | Updated Mar 21, 2024 at 4:08 PM EDT


Donald Trump fears he could lose his most prized assets "forever" if he has to come up with the money for a bond as he tries to appeal a $454 million civil fraud judgment against him.

Trump said on Thursday that he could lose his real estate empire for good if he's forced to mortgage or sell it because of a judge's order. On Truth Social, Trump called the judge, Arthur Engoron, "a true Trump Hater" who was forcing him to obtain a bond that "is not possible" given that underwriters are seeking cash and not property, where most of his wealth is.

"If I sold assets, and then won the Appeal, the assets would be forever gone," Trump wrote. "Also, putting up money before an Appeal is VERY EXPENSIVE. When I win the Appeal, all of that money is gone, and I would have done nothing wrong. The Crooked Judge, who has already been overturned 4 times on this case (a record!), fully understands this. He gave us a demand which he knows is impossible to do. "

A Monday court filing revealed that despite approaching 30 underwriters to back the bond, Trump could not find an insurance company to do so. Although he does not need to put up the $454 million to appeal Engoron's order from last month, failure to do so means New York Attorney General Letitia James could begin seizing Trump assets even as the appeals process plays out. Her civil fraud case accused him of deceiving banks and insurers by inflating his wealth on financial statements when trying to get loans and make deals.

Read more: https://www.newsweek.com/donald-trump-fears-he-could-lose-his-prized-assets-forever-1881891

[hlthe2b]

1. In a single word: GOOD!

[Roy Rolling]

64. Fear

FEAR

The tactic he’s used for decades to frighten small business renters into submission.

Trump is a mob boss without any minions anymore.

Cue the tiny violins.

[pazzyanne]

68. ...

[bucolic_frolic]

2. What's a matter, Cheato, can't just put a Sharpie to it this time?

Distorted mind believes it has privileged powers.

[tanyev]

3. Attorney General James is gonna grab you by the money, Donald.

[sheshe2]

55. By his ass-ets!

I posted this the other day.

Letitia James to Billy Bush: "I'm automatically attracted to assets -- I just start seizing then. It's like a magnet. Just seize. I don't even wait. When you're a state attorney general, they let you do it. You can do anything. Grab 'em by the airplane. You can do anything."😃Love this WOMAN!

https://www.democraticunderground.com/100218793578

This one's for you, tanyev.

[tanyev]

65. That's perfect!

[calimary]

76. An Almond Joy moment FOR SURE!

Indescribably Delicious!!!

[sheshe2]

80. Ha!

You are right.

[Faux pas]

4. Schadenfreude and

[Turbineguy]

5. He wants his rubes to sell their organs

and give him the proceeds.

[marble falls]

9. "Rubles for Rube's organs", got a nice ring, ought to look good on a red cap.

[Turbineguy]

49. Very stylish!

[thesquanderer]

6. re: "could lose his real estate empire for good if he's forced to mortgage or sell it "

The only way he loses something he mortgages is if he fails to make payments.

If he wins his appeal, he pays off the mortgages. If he loses his appeal, he'd have needed to mortgage the properties to come up with the money anyway. There's no new "risk" to him from taking mortgages, and virtually no cost except the interest on the money (which is currently accumulating regardless, at least if he were to lose).

[marble falls]

7. A judge having his decission overturned is no big deal and four times is no record ...

... The SCOTUS has overturned circuit court decisions in 90% of all circuit courts since 2007, most of them have had well over 50% of their decisions overturned. The DC circuit court has had 100% of theirs over turned. Only four courts have zero reversals, the Armed Forces Court, The Federal Circuit Court, the 11th Circuit Court and the Federal District Court. Four out of 16 Federal Courts under SCOTUS.

https://ballotpedia.org/SCOTUS_case_reversal_rates_(2007_-_Present)

TFG is pissed off because none of the ninth circuit cases ruled against him have been reversed. Not one. However since 2007, they've been reversed 79% of their decisions. TFG's ain't had a reversal in his favor yet, except for those trying to keep him off of state ballots. And one or two that had very little effect anyways.

https://www.washingtonpost.com/news/fact-checker/wp/2017/03/21/does-the-9th-circuit-court-overturn-80-percent-or-0-1-percent-of-its-cases/

[RainCaster]

8. What he's not telling us

Is that he is so leveraged that he is really not a billionaire. He may not even be a millionaire. He is so in hock on all his properties that he could well be upside down. That would be exposed by NY trying to grab his properties & sell them.

How will the state recoup their lost money from the Orange Bankrupter? That could be really damn hard if he is indeed destitute.

[prodigitalson]

11. yeah, I bet there are already all kinds of leans against those properties

[Irish_Dem]

10. The legal/financial pressure is substantially increasing for Trump.

At the same time he is trying to run a national presidential campaign.
The most challenging and grueling event in all of politics.

For a man who is mentally ill, has cognitive decline, and is drug addicted.

We can see where this might go.

[prodigitalson]

12. think about how unpleasant his baseline behavior in private surely is and then add all this stress

of course anyone close enough to him to have to deal with it probably deserves it.

[Irish_Dem]

17. Yes it is easy to predict he is going to be more aggressive, labile and erratic.

Labile means his mood rapidly shifts.
He may be more violent than usual.

And he will increase his public ugly comments, and lash out more.

Ms James needs to watch out for bullying and threats.
And it is certain he is going to try to lie and cheat in his dealings with her.

[prodigitalson]

19. uh huh, while increasing his likely abuse of speed and benzos- so more manic word slurring

[Irish_Dem]

21. Yes his handlers will have to use the benzos to keep him calm.

Sometimes you can easily see Trump has been medicated.
He is low energy, talks slowly and seems to be in a bit of a daze.

Other times he is very angry and that is when he gets ugly and mean.

We may see him start to decompensate and his behavior, mood and thought
process are going to deteriorate even more dramatically.

And it is going to be made worse with the speed and tranquilizers.

I just don't see how he is going to make it to November.

[BlueKota]

30. It would be nice to not have to see or hear him anymore

[Irish_Dem]

32. Yes he is a national abuser and Americans are his captives.

He is doing quite a bit of damage, including PTSD on the part of many Americans.

[calimary]

54. Sure would be!

Every day I wonder how long he's going to remain on earth. When's he DONE? When can I wake up in the morning knowing I won't see or hear or read ANYTHING even remotely involving or even HINTING about him anymore, either that day or any other days I still have left?

Will that day ever come? I'm gettin' old here, and he still blights my world - and everybody else's, too. Every doggone day.

[COL Mustard]

63. That day will come

No matter how rich he is, or thinks he is, in the end the great equalizer comes for us all.

[Captain Zero]

78. What if he is like Prince but has rants & insults

stored in a vault?

[COL Mustard]

79. He'll still

Be dead, and thus ineligible to be President.

I’ll be glad to never see his ugly mug again, except when I might choose to. Like when I have to take a Trump.

[niyad]

36. May it be so!

[Irish_Dem]

39. It is not a good clinical picture.

He is mentally ill, drug addicted and cognitively impaired.
He is running a national presidential campaign, the most brutal event in US politics.

At the same time he is being hit hard with legal and financial problems.
His identity as a smart rich businessman is being shredded in public.
His beloved properties, the only thing he cares about in his life, may be taken from him.
By a smart savvy black woman.

It is hard to feel sorry for him.
He did this all to himself.

[niyad]

41. And he did it to us.

[Irish_Dem]

42. The damage Trump has done to this country and Americans is incalculable.

He goes way beyond mental illness into evil territory.

[SergeStorms]

13. If you're as innocent as you claim....

there should have been no problem convincing the judge of that innocence, correct?

Always the victim, huh Donald?
What a helpless snowflake you are.

And yet you beg for money from your brain-dead cult who believe you're such a tough guy. You talk a good game, tough guy, but talk is cheap.

Actions are the true barometer of a person's guilt or innocence, and your actions always scream, "GUILTY." Go bray to your cult at your rallies and leave true, patriotic Americans alone.

[SouthernDem4ever]

14. I thought he was a billionaire

I guess he lied about that too?

[BlueKota]

31. Ari Melbar pointed that out

That Trump said under oath that he had at least that much cash at hand.

[SlimJimmy]

53. Just to be fair, most billionaires don't have that kind of cash on hand.

Most of their wealth is tied up in real estate and stocks of various types.

[sdfernando]

56. Why should we be fair

to that lying orange muther-fucking rapist shit-stain? "It" hasn't, and wouldn't be fair to us citizens.

[SlimJimmy]

81. I was just stating a fact concerning most billionaires.

[sdfernando]

57. Why should we be fair

to that lying orange muther-fucking rapist shit-stain? "It" hasn't, and wouldn't be fair to us citizens.

[Silent Type]

15. Whatever hell he goes through is earned. However, I doubt the writer of article has any inside

info on whether he’s really suffering.

[Irish_Dem]

22. I think Trump is suffering. His identity is being shredded in public.

His con job that he is rich is falling apart.
And his identity is wrapped around being in real estate and owning property.
Which someone is getting ready to take from him.
A female doing it is going to be even harder on him.

[Silent Type]

23. Oh, I do too. Just don't think the article writer knows anything more than how most of us would feel.

There are just so many videos and articles that are little more than conjecture about trump’s feelings. Not sure he has normal feelings.

[Irish_Dem]

24. I am basing my comments given his mental illness.

It is predictable how he will react.
It is just abnormal psychology 101.

[magicarpet]

34. That female does not have blue eyes nor is she either blonde or fair complected.

Oh,... and she is smart as a cookie.

The Orange Hilter Jesus can't be none too happy about that laundry list of attributes of Ms. James.

trDUMPie would like to gouge out her eyes out about now.

Let the foaming of the mouth begin.

[Irish_Dem]

37. You have nailed it.

Yes Trump is probably raging at MAL as we speak.

[EndlessWire]

44. I hope the b*stard is raging.

He deserves it. He's hurt so many people, definitely hurt our country, and is an all around bad, bad man. He's an ugly, mean, self serving, threatening POS who lies and threatens the existence of whole groups of people, whether it's deportation or withdrawing civil rights. I hope he starts vomiting on Sunday night. Yeah, I know I'm going to hell, but with tRump on the Earth, I feel like I'm halfway there. Those are my feelings. Hurt away, Donald.

[Irish_Dem]

46. I feel the same way.

The damage this man has done to the US and Americans is incalculable.
He has terrorized this country for years.
We have PTSD.

He is evil, there is no other word for him.

I really wonder if he is going to last until November.

[cstanleytech]

50. It's seeing and hearing the media talk about him that he cares about and not his identity.

[Irish_Dem]

69. But fame and attention are definitely a part of his identity.

He is a severe narcissist and fame is like a drug to them.
It is a narc high.

[EarthFirst]

16. What's he going to sell? Ground leases and licensing contracts?

Much of his real estate portfolio isn’t even controlling ownership of these properties; and in many cases amounts to no more than 30% ownership in properties he claims are assets of ‘his’ that are valued at “hundreds of millions”

[Lasher]

43. This is a good point, one that will soon come more into play.

Part owner & ground leases don't make a building his own.

[republianmushroom]

18. I'm OK with trump loosing his most prized assets "forever", we shall if it happens.

[Evolve Dammit]

20. KKK Daddy Fred would be sooo disappointed in you, Diaper Don.

[magicarpet]

40. Daddy Fred must be burping up the word loser again & again from his grave as pertains to Donnie the Dunce.

[Kennah]

25. It would be lost for good. Perhaps the greatest good in the history of humanity.

[Traildogbob]

26. On a positive note

He will NEVER lose his prized ass! (A prize to those that dwell up there)

[Think. Again.]

27. "Donald Trump Fears He Could Lose His Prized Assets 'Forever'"....

....just like tens of millions of other Americans every day.

[Ocelot II]

28. Sucks to be him...

[SunSeeker]

29. A property is not like a child you ripped away from his immigrant parents, Shitler.

You know where your property is. You can always buy it back. It won't grow up and forget who you are.

[IbogaProject]

33. He lost w/o a trial

It was either a Summary or Default Judgement. That means he failed to mount a defense. The trial was just for post judgement damages calculation.

[Martin68]

35. Poor Donald. My heart bleeds dirty dishwater for him.

[louis-t]

38. NY Real Estate is weird. TT is divvied up in sections.

From what I understand, he owns a restaurant, the parking garage, the room service kitchen and one unit.

GE and another company actually own the building.

[IbogaProject]

45. I hope we loose that A**hat forever

I hope that doesn't break our rules.

[Blue Owl]

47. Next time he says "I've done nothing wrong" someone punch him in the face

[Auggy74]

48. I'm told he's a hard-working man...

...so why doesn't he just pull himself up by his bootstraps? Or pay his bills?

[JohnSJ]

51. He'll get the bond.from a foreign interest, and promise them

anything they want if he is elected president

[mahina]

52. Dont do the crime if you cant do the time

Or pay the fine you criminal piece of rubbish.
(Not you OP)

[LudwigPastorius]

58. Seize Trump's properties.

Raze the buildings to the ground.

And, salt the earth to exorcise the evil fascism they represent.

Then sell the land, with all money going into a fund to be distributed between rape victims and media watchdog/democratic institution-strengthening organizations.

[Crowman2009]

59. As if he honestly acquired them to begin with.

There are probably a heapful of mortgages attached to those properties.

[LetMyPeopleVote]

60. Boo Hoo

[NanaCat]

61. Typical bully

He doesn't like it when he gets a taste of what losing a lawsuit is like that can cost someone a substantial portion of his livelihood.

Nobody deserves this more.

Bond up or pay up, you whinging fat pillock.

"If I sold assets, and then won the Appeal, the assets would be forever gone,"

And? So? That happens all the time in the real world. Untold thousands of people have lost everything they had because they lost a lawsuit. You delighted in it happening to people who sued you. Now it's your turn in the barrel, sore loser.

Also, putting up money before an Appeal is VERY EXPENSIVE.

And? So? Don't do things that make you lose expensive lawsuits, and you wouldn't need to file expensive appeals. You knew what the risks were when TIsh James sued you; however, you stupidly thought that you were above punishment and that people loved you too much and would be won over by whatever came out of your fool mouth to prepare for the possibility of losing. It never even occurred to you. But now it's here, and it's only your fault you were a con artist and that your rampant narcissism kept you from settling the case.

When I win the Appeal, all of that money is gone, and I would have done nothing wrong.

The chances of your winning on appeal are about as high as you growing a functional brain. The appeals court might, at most, reduce the award to some degree, but it will not go away. This is what happens when you bring temper tantrums to a lawsuit and the other side brings, you know, evidence.

The Crooked Judge, who has already been overturned 4 times on this case (a record!), fully understands this.

He wasn't overturned. Overturned applies to the ruling, not to procedural matters. Four isn't even all that much in the average case, and nowhere near a record, you typical moronic liar. How many times did your motions lose? Hm. A bunch more than four times, Loserini.

He gave us a demand which he knows is impossible to do.

You're the one who bragged that you're a billionaire and have $400 million in cash on hand. Don't be mad when he held you to that one. And don't be mad when a judge rules that you ripped off the people of New York for $435million, when there's evidence to back it up (not your worthless word), and when we all bloody well know how that sum is probably only a tiny fraction of what you actually owe the state. Even a moron like you knows you're getting off light here.

Also: You had every chance to settle, but you didn't. So now you face the full brunt of the law. Grow a pair and deal with it rather than annoying us with your puerile temper tantrums, you whingy titty baby of a sore loser.

[Aussie105]

62. Immortal, untouchable, the smartest family crime gang boss ever, a leader of Men, front page in future history books.

Trump has a high opinion of himself.

Time will show he is none of those.

But he will go to the grave shouting his favorite complaint - Witch Hunt!

[Hekate]

66. Please leave him enough brain cells to understand what's happening. I want him busted back to the ancestral whorehouse...

…in the Yukon. Trump and his whole family can try doing some honest labor for a change.

[Rocknation]

67. Welcome to the real America, Donnie

You'd be surprised how many of your very own supporters are in constant danger of losing their prized assets, too.

Cue the official DU "Cry Me A River" String Quartet!


Rocknation

[RKP5637]

70. Too bad little donnie, some of us have lost prized assets too, often because of republican shenanigans.

Join the crowd, loser. Your big mouth and assholish ways have brought this on you!

[CRK7376]

71. Tough Shit Donnie boy

Doing crime cost you big bucks. Suck it up buttercup. This is part of draining the ORANGE TURDS swamp! hahahahahaha!

[Novara]

72. Honey, they're not assets if they're already leveraged to the hilt.

We know that he overvalued properties to use as collateral to take out fraudulent loans for other properties which he then overvalued to use as collateral to take out fraudulent loans.... ad infinitum.

I'm guessing they are all leveraged to the hilt because his grifting and greed knows no bounds.

It's all a house of cards and it's teetering. Letitia James doesn't even need to be a strong wind to knock it all down. She can be a gentle breeze and it will all come tumbling down.

[electric_blue68]

73. 🤔 .......... baaaahahahahaaaaaaaaa!

I really didn't have to thnk about it!
😄😄😄😄😄

[Aussie105]

74. Strange how he never considered that his 'creative accounting'

always aimed at benefitting him financially might be illegal, and might one day come to bite him big time?

Lack of imagination, lack of an understanding of the law and possible repercussions, lack of insight, or just lack of intelligence?

Or maybe just a distorted view of this is how you do business?

Anyhow, the big bite is coming soon.

[Deminpenn]

75. O'Donnell had a good show on this Friday

He usually doesn't host his show on Fridays, but last night did a special on all Trump's legal problems in NY state.

He had Tim O'Brien and another lawyer who was well versed in civil judgement cases. They said that it was unlikely the AG would seize property because the ownership was convoluted in some cases. They cited 40 Wall Street as an example. Everyone believes Trump owns it, but he has only a "ground lease" meaning, iirc, he owns the land, but not the building. Trump Tower is a similar deal, he owns some space, but the condo buyers own most of the rest. They both said AG James will go after the most liquid assets first like the accounts Trump has with Schwab or the rent rolls.

[riversedge]

77. Trumpy: ..."and I would have done nothing wrong. ..." Trump has gone all this life believing

he is the boss-he can do no wrong! I really think he actually believes his own lie. It is ingrained into his muscle "brain"!

[rickford66]

82. He could have flown under the radar forever, but just had to run for office.

In the end, he will have everything he's actually worth ......... nothing.