Trump can’t pay

[Anonymous]

Anonymous wrote:Of course.
No surprise here.
Why Donnie changed his position on TikTok…

From the nyt:

Jeff Yass, the billionaire Wall Street financier and Republican megadonor who is a major investor in the parent company of TikTok, was also the biggest institutional shareholder of the shell company that recently merged with former President Donald J. Trump’s social media company.

Sounds like Yass intends to merge Truth Social into the US-owned version of TikTok if/when ByteDance gets severed from the Chinese parent. Good chance that Trump has his own social media network blasting straight at your kids.

It will be interesting if GOOG or MSFT make a play for U.S. TikTok.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Today’s the day!

Huh?

Today marks the end of the 30-day grace period Tish James gave Donald Trump to come up with the cash or a bond for the amount of the civil fraud judgment.

Thanks, so what does that mean? They can start seizing his properties?

My understanding is that as part of the court's verdict, Trump Org properties are now being managed by a court-appointed overseer, presumably Tish James will be working with that person to come up with the assets to cover the amount Trump has to pay.

Oh my goodness, this is exciting! I hope some news outlets will cover this, I haven't seen anything so far.

It’s not till midnight but Trump will find a way to get out of being held accountable. He always has, why stop now?

Yeah, the guy was born under some lucky star. Maybe some sheikh will bail him out. MBS owes him plenty.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Today’s the day!

Huh?

Today marks the end of the 30-day grace period Tish James gave Donald Trump to come up with the cash or a bond for the amount of the civil fraud judgment.

Thanks, so what does that mean? They can start seizing his properties?

My understanding is that as part of the court's verdict, Trump Org properties are now being managed by a court-appointed overseer, presumably Tish James will be working with that person to come up with the assets to cover the amount Trump has to pay.

Oh my goodness, this is exciting! I hope some news outlets will cover this, I haven't seen anything so far.

It’s not till midnight but Trump will find a way to get out of being held accountable. He always has, why stop now?

No. The deadline has passed. Seems NYS AG is waiting to see how the Appellate Division will rule? Presumably won’t wait indefinitely. Trump will probably appeal to the court of appeals as well. But NYS has already given him a 30 day grace period.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Today’s the day!

Huh?

Today marks the end of the 30-day grace period Tish James gave Donald Trump to come up with the cash or a bond for the amount of the civil fraud judgment.

Thanks, so what does that mean? They can start seizing his properties?

At midnight, NYS can seize his bank accounts. Those are the easiest to seize since liquid assets can be claimed and returned easily. They will also start the claim on properties. But the deal with properties is that those that have interwoven ownership (including mortgages and other liens) can take some significant time to unravel and liquidate (e.g. sell) real estate and the value with fluctuate until a sale is finalized.

So, they will start with claiming any liquid assets in NYS that were frozen by the courts. Then they will work on evaluating how much more he owes and making an effort to claim hard assets and liquidate to fulfill the judgment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

If I had that kind of money lying around and had no problems with Trump, I would. With significant collateral (assuming his real estate holdings are worth that). That’s kind of why I’m surprised that some GOP megabucks donor hasn’t stepped in.

Because his real estate is already leveraged and thus not worth anything as collateral. The guy is not a "businessman" he is a conman. And the chickens are coming home to roosr.

+1 I don’t think he owns many of these properties. His name may be on them but doesn’t mean he owns them. Isn’t Trump Tower owned by GMAC?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

If I had that kind of money lying around and had no problems with Trump, I would. With significant collateral (assuming his real estate holdings are worth that). That’s kind of why I’m surprised that some GOP megabucks donor hasn’t stepped in.

Because his real estate is already leveraged and thus not worth anything as collateral. The guy is not a "businessman" he is a conman. And the chickens are coming home to roosr.

+1 I don’t think he owns many of these properties. His name may be on them but doesn’t mean he owns them. Isn’t Trump Tower owned by GMAC?

Yes, he actually owns very little of Trump Tower. There are some good links earlier in the thread explaining exactly what he owns and it’s not as much as people think.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

He paid back the banks, according to the banks

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

He paid back the banks, according to the banks

Then it shouldn’t be any problem to borrow again, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

He paid back the banks, according to the banks

Then it shouldn’t be any problem to borrow again, right?

There should be no charges to begin with

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

He paid back the banks, according to the banks

Then it shouldn’t be any problem to borrow again, right?

None, aside from having to state actual values of collateral this time around

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

He paid back the banks, according to the banks

Then it shouldn’t be any problem to borrow again, right?

There should be no charges to begin with

There aren’t any charges, it’s a civil case.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

As if he would pay the 15% juice.

That’s a usurious level of return and still no takers.

Because everyone knows Trump will never pay it back. He’s asking for gifts.

And fascinating that everyone knew exactly who the cutouts were fronting. The fat lady may actually be warming up.

Would you lend him money?

He paid back the banks, according to the banks

Then it shouldn’t be any problem to borrow again, right?

There should be no charges to begin with

Why in the world shouldn't there be charges? He was convicted of them in a court of law, there are mountains of evidence that he committed all of the fraud he was convicted of and there is literally no credible way of denying that.

[Anonymous]

Appeals Court gave him a break

[Anonymous]

Anonymous wrote:Appeals Court gave him a break

And he has ten more days.

[Anonymous]

OMG.

Why is everyone in the tank for Trump?