Donald Trump: Classic or Dud?

banana by the bunch

still wondering what kind of bullshit exception will be made for him but if that doesn't happen wow he is gonna melt down

He already failed once at this request

I’m like, rules don’t apply because they never seem to do

he will have to sell his new jersey golf course. they can throw ivana in for free to sweeten the deal.

No money, mo’ problems”

...I was kind of on the fence, but I heard that he gave a speech that was freewheeling and discursive, so now I'm leaning dud...

https://e.snmc.io/i/600/w/9f432ce462654ea526571f175d85e1df/7607057/diaframma-anni-luce-Cover-Art.png

Some useful nuts/bolts commentary via WaPo:

Surety companies are requiring Trump to put up the entire amount needed for the bond, around $464 million, in collateral, according to the defense filing. Legal experts said that a likelihood of the appeal failing is the main reason companies would mandate such terms.

“Insurance companies in appeals cases tend to want the full amount of the judgment as collateral,” said Adam Pollock, an attorney who formerly served as assistant attorney general in New York.

Surety companies generally accept only cash or an irrevocable letter of credit as collateral, according to JD Weisbrot, who has worked in the business for more than 20 years and is a managing director at the underwriting firm Risk Strategies.

Someone with assets like Trump, who has the majority of his fortune tied up in real estate, would ideally go through a bank to get that letter of credit, Weisbrot said. A bank would also likely want the full amount of the bond in collateral but might accept many more types of collateral, including deeds to real estate, fine art or other assets, he said. That could free up funds for someone who owns lots of property.

“My feeling is a bank would likely take a similar position as a surety and likely also require a dollar-for-dollar amount in collateral,” he said. “But a bank is more flexible as a financial situation than a surety would be in terms of the type of collateral.”

Trump has few existing relationships with big banks on Wall Street, according to a financial disclosure he filed with the government in August as part of his candidacy. Deutsche Bank, which provided him with a number of loans that fueled the expansion of his business before he entered politics, does not appear to be a current lender.

The Carroll bond, FWIW, has collateral in an investment account at Schwab per filings, which by default took $100 million of his money off the table; it obviously can't be pledged twice.

it obviously can't be pledged twice

Which one could almost guarantee was his first thought.

Trump's first school project, selling slices of pie, got out of hand when he sold the same 20 slices 457 times

also never paid for the pies that he sold

xpost Haha believe me, I would love to see that happen because the shitshow that would result.

Barely related: the owner of a printing company I worked at got busted for using the same press as collateral for two different loans to buy new presses, plus other assorted financial crimes. He had a plea offer of 18 months but was absolutely sure he could win at trial...wound up serving 9.5 years.

Someone with assets like Trump, who has the majority of his fortune tied up in real estate, would ideally go through a bank to get that letter of credit

Oh you just wait, he's got some property assessments to show you, he'll send them right over

A little more about that Carroll bond:

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:yxavlmxjv2j2nwvjesmq5ogl/bafkreieizdbxz5tfsvw5rgxqpkofsxbvohjvk2hibyncykxso63zrczx7q@jpeg

I am delighted to see that Trump shoved off part of the responsibility onto the failson.

Meantime, not unrelatedly I am sure:

Donald Trump’s reelection campaign has begun to see warning signs that the small-dollar donors who fueled his last run for the White House have slowed their support to the former president this year, according to people familiar with the matter.

Since late last year, members of Trump’s team have been warned by Republican Party advisors that their small-dollar donor base could be shrinking, said the sources, who were granted anonymity to discuss internal campaign matters.

Some have even been told there may not be much that the former president or his campaign can do to win back these key donors, the sources explained.

clap harder or tinkerbell gets it you sobs

there may not be much that the former president or his campaign can do to win back these key donors

Public executions

Well he killed a large number of them

https://www.cnn.com/2024/03/18/politics/trump-allies-election-defamation-case-leak-dominion-emails/index.html

Lambert attended a hearing Monday in Byrne’s defamation case in Washington, DC, but was never seen leaving the courtroom, and questions swirled among the other attorneys about whether she had been taken into custody.

The judge told Lambert to stay behind as the hearing wrapped up. The other attorneys left the courtroom, and two federal marshals then went inside and locked the doors. Lambert was never seen exiting the courtroom. The marshals declined to say whether they arrested her, and she didn’t answer messages seeking comment after the hearing.

“The U.S. Marshals Service can confirm the arrest of Stefanie Lambert earlier this afternoon. Lambert is currently being held on local charges,” the statement said, referring to her Michigan-based criminal case.

i wondered why dominion hasn't gone after trump and i guessed that it would probably just be a supreme court headache to go after a president and then i found this which was interesting. most of these people asked think dominion would have a strong case. and i definitely think we need one more long and protracted court case against trump.

https://www.justsecurity.org/82447/8-top-experts-on-strength-of-a-dominion-defamation-case-against-donald-trump/

Nothing to do with what is currently going on with Trump, but I disliked him randomly showing up in an article I was reading which seemingly should have had nothing to do with him:

Trump has directly supported the use of asbestos, writing in his 1997 book The Art of the Comeback that it is "100% safe, once applied." He blamed the mob for efforts to discontinue its use: "I believe that the movement against asbestos was led by the mob, because it was often mob-related companies that would do the asbestos removal." In 2018, a Russian asbestos company began marketing the carcinogenic mineral with Trump's image and a seal reading "Approved by Donald Trump, 45th President of the United States." Russia has been a primary supplier of asbestos to the US.

Trump is once again running for president and could move to undo the ban if he wins in November. That is one of the reasons some are calling on Congress to pass a law to ban all types of asbestos outright, The New York Times reported. Senator Jeff Merkley (D-Ore.) said the EPA's move today is "a long overdue step forward for public health. However, it cannot be the end of the road when it comes to phasing out other dangerous asbestos fibers, and Congress has a role to play here when it comes to providing stronger protections for our health."

https://arstechnica.com/science/2024/03/epa-finally-bans-the-last-type-of-asbestos-used-in-us/

Trump should start incorporating asbestos into his makeup foundation, to make himself fireproof.

Really, though, that's like a perfect Trump bingo. It involves dangerous science denial, financial self-interest, accusing someone else of your own criminality, and Russia.

"100% safe, once applied."

lol, incredible.

someone might have once told Malcolm McLaren this, without adding the important bit about not smashing holes into it with a hammer

make asbestos great again

Roffle

https://newrepublic.com/post/179928/alina-habba-trump-bedminister-hush-money-lawsuit-settlement

I'm leaning dud.

these people...

Just another "Trump bites lawyer" story!

The settlement contract included a bizarre and hugely significant line that stated both “parties agree that Alina Habba is not a party to this release,” The Daily Beast reported Tuesday.

I'm not even waiting for him to suffer real legal consequences at this point, I'm waiting for every lawyer and financial advisor and vendor he's ever stiffed to all get together and Ides of March his ass.

"Et tu, Rudy?"

That lawyer might be getting disbarred. You can't do that shit.

That lawyer might be getting disbarred. You can't do that shit.

Ok I read the whole article and now see who you’re talking about. Yeah she seems very very shady.

Alina Habba? Shady?

I strongly suspect that it's occurred to him that she's kinda heavily responsible for all the money issues lately given the excellence of her work on said two cases he's coughing up for.

Just another "Trump bites lawyer" story!

‘they knew what they signed up for’

is the story that he can't pay the full $454 mill or that he can't even secure a bond? like I wouldn't expect him to have that much cash on band, but if he can't secure a bond...he should only need like $15 mil for that, if he ain't got that then lol

aiui, one difficulty in Trump's securing a bond is the perception that his appeal is very likely to fail, mainly because the evidence of fraud is incontrovertible and the judge handled the case so as not to give any technical or procedural grounds for dismissal, to say nothing of Trump's lifelong propensity to stiff anybody he can by any means available, because he's as crooked as a dog's hind leg.

xp aiui it's not the cost of the bond that's the issue but that no one will accept his collateral. it's to be seen whether or not he can pay the full amount.

Worth noting that, as yet, the NYAG have yet to file anything in response. I suspect they will, but I half wonder if a clock is being run out just a little bit more.

Wonder if it might also be harder to bond it than a regular civil judgment, as a fraud judgment is not dischargeable in bankruptcy, where a regular civil judgment might be.

https://www.pbwt.com/bankruptcy-update-blog/supreme-court-holds-that-fraud-exception-to-debt-discharge-can-include-fraud-by-someone-other-than-the-debtor#:~:text=Section%20523%20of%20the%20Bankruptcy,a)(2)(A).

is the story that he can't pay the full $454 mill or that he can't even secure a bond?

Both, but especially the latter. No one will lend him the money. And as I understand it, barring a stay from some appeals court, the NY Attorney General's office can start seizing assets on March 25.

A process which isn’t automatic — it’s not like she’ll get everything like that — but still, not great for him!

I believe visiting is right re: the issue with the bond is the collateral. Trump doesn't have access to normal lending and the lending/bonding he does have access to will want assets equal to the full value of the bond, not some portion of the bond. Some of these limited sources will accept real estate as collateral, which is Trump's significant assets, but it is complicated, apparently.

*only* significant

I can't imagine it happening, but if the seizing started they should start with Mar a Lago and send his whole life into disarray.