Trump can’t pay

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:8th Amendment violation on its face. $454 million in assessed damages for no damages incurred or claimed.

Just like Trump continuing to push his unfounded and false stolen election claims, you keep pushing this stupid "no damaged" claim.

Yes, the banks were not damaged. They used the estimates provided by the Trump organization to give him favorable loans. The crime was that he then use a different set of assessments for tax purposes. And using two sets of different assessments constitutes tax fraud. The damages were that he fraudulently claimed his properties were worth less than their assessed value, he provided falsified documents for tax purposes, he defrauded the government and the tax payers of NYS by paying less than the appropriate taxes than he owed. So there were definitely damages and he was assessed a civil penalty for the tax fraud and failing to pay the appropriate amount of taxes.

The RNC doesn't have nearly enough in the bank to cover the damages anyway. At most they could pay off part of his legal bills, but that's it. And doing so would totally wipe out any funding for the general election and down-ticket races.

Trump is a cancer, and conservatives still refuse to believe it.

I like to watch the chaos.

I like the simplistic, poorly-reasoned defenses that Trump supporters provide when normal people call out all this scandalous behavior. He is an an out and out scoundrel and they can’t see it. It’s like some perverse version if that “Gold dress or Blue dress” argument, except instead of a dress color, it’s a question of whether Trump is a virtuous person or not.

Trump supporters are so incredible in that they are a case study for cult behavior. He is a cult of personality. A complete sht stain of a person and they love him. It’s embarrassing for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Help me out, I saw in a BBC article that Trump could escape the debt by filling for bankruptcy
I thought
1.you couldn't get rid of this type of debt that way
2. If you file bankruptcy in these circumstances the court can sell all your assets to cover your debt
???

He hasn't filed for bankruptcy so not sure how this is relevant.

Trump has filed for bankruptcy at least 5 times already, I am wondering if he can successfully pull that card again

How does filing for bankruptcy help him? The Trump Organization owes the money, not Trump himself. He can't force the organization to file for bankruptcy without the court appointed monitor's approval.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Help me out, I saw in a BBC article that Trump could escape the debt by filling for bankruptcy
I thought
1.you couldn't get rid of this type of debt that way
2. If you file bankruptcy in these circumstances the court can sell all your assets to cover your debt
???

He hasn't filed for bankruptcy so not sure how this is relevant.

Trump has filed for bankruptcy at least 5 times already, I am wondering if he can successfully pull that card again

[Anonymous]

Anonymous wrote:

Anonymous wrote:8th Amendment violation on its face. $454 million in assessed damages for no damages incurred or claimed.

Just like Trump continuing to push his unfounded and false stolen election claims, you keep pushing this stupid "no damaged" claim.

Yes, the banks were not damaged. They used the estimates provided by the Trump organization to give him favorable loans. The crime was that he then use a different set of assessments for tax purposes. And using two sets of different assessments constitutes tax fraud. The damages were that he fraudulently claimed his properties were worth less than their assessed value, he provided falsified documents for tax purposes, he defrauded the government and the tax payers of NYS by paying less than the appropriate taxes than he owed. So there were definitely damages and he was assessed a civil penalty for the tax fraud and failing to pay the appropriate amount of taxes.

Any bank that uses a borrower's valuation of property is engaging in an unsafe and unsound practice and should be sanctioned. They always use their own or third party appraisals. Do you think a bank will give you a mortgage based on your estimate of what it is worth?

Likewise, tax authorities make their own property assessments for determining property taxes due. So I have never understood the argument that tax fraud was committed. Perhaps someone who is arguing this can explain it?

[Anonymous]

Anonymous wrote:Trump's desperate need for money makes him a national security risk.

Someone should make commercials about this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

Seems like seizing his assets would be a great way to get his followers to send money and maybe get violent.

He did the fraud, he needs to pay the consequences. Nothing to get violent about at all. His followers can find something better to do.

His followers will find out that he's been lying to them all along about what a successful business man he is. A multi-billionaire who can't afford half a billion fine.

Except that they will just not believe the truth. You can show it to them again and again and they just accept the lies.

I really don't understand the hold he has. I don't see the charisma. I've always seen him as that horrible, swindling real-estate guy.

[Anonymous]

Anonymous wrote:Do you know who could pay this?

Taylor Swift.

I'm not sure why but this made me LOL.

[Anonymous]

Anonymous wrote:I thought he was a billionaire!!!

https://www.nytimes.com/2024/03/18/nyregion/trump-bond-civil-fraud-case.html#commentsContainer

Can he not just raid the RNC coffers for this payment?

The RNC is broke, too. They only have $8M cash on hand.
https://democrats.org/news/rnc-statement-on-the-rncs-desperate-financial-situation/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought he was a billionaire!!!

https://www.nytimes.com/2024/03/18/nyregion/trump-bond-civil-fraud-case.html#commentsContainer

Can he not just raid the RNC coffers for this payment?

What is the consequence for not paying?

eventually, asset seizure

When does Trish James start seizing assets?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

James can start seizing his assets March 26 at 12:01a.m., although I suspect she will wait until her office opens but I would bet the paperwork has already been done and ready to go to court!

+1 It’s seizin’ season.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

James can start seizing his assets March 26 at 12:01a.m., although I suspect she will wait until her office opens but I would bet the paperwork has already been done and ready to go to court!

The fastest routes are freezing bank accounts and putting liens on his properties in NYS. Actually liquidating the properties will take more court work.

But auctioning off Mar a Lago would be so satisfying

That’s the worst investment for the state out of all of them, since it has to stay a club.

[Anonymous]

Anonymous wrote:Help me out, I saw in a BBC article that Trump could escape the debt by filling for bankruptcy
I thought
1.you couldn't get rid of this type of debt that way
2. If you file bankruptcy in these circumstances the court can sell all your assets to cover your debt
???

Bankruptcy would be another delay which always helps. Trump is hoping to cash in when the Truth Social merger is finally allowed to happen, although that has been delayed since he’s trying to scam the founders out of their cut.

But no, it’s correct that intentional torts like defamation and fraud are not dischargeable in bankruptcy.

[Anonymous]

Looks like ABC is going to end up paying it

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trump’s biggest fear is being shown he’s poor.

That must be why he committed perjury by telling the court a few months ago how he had hundreds of millions of liquid dollars.

His net worth is probably in the low 7 figures. He owns a bunch of properties that are valuable, but no one really knows how much debt he has on them, how much is actually just partial ownerships because of LLCs and side deals, etc. If he actually had substantial equity in these properties, it should be no problem for him to go to a bank and borrow this money. The fact that he can't is very telling.

Low 7 figures? There’s probably plenty of DCUM posters with higher NW LOL.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:8th Amendment violation on its face. $454 million in assessed damages for no damages incurred or claimed.

Just like Trump continuing to push his unfounded and false stolen election claims, you keep pushing this stupid "no damaged" claim.

Yes, the banks were not damaged. They used the estimates provided by the Trump organization to give him favorable loans. The crime was that he then use a different set of assessments for tax purposes. And using two sets of different assessments constitutes tax fraud. The damages were that he fraudulently claimed his properties were worth less than their assessed value, he provided falsified documents for tax purposes, he defrauded the government and the tax payers of NYS by paying less than the appropriate taxes than he owed. So there were definitely damages and he was assessed a civil penalty for the tax fraud and failing to pay the appropriate amount of taxes.

Any bank that uses a borrower's valuation of property is engaging in an unsafe and unsound practice and should be sanctioned. They always use their own or third party appraisals. Do you think a bank will give you a mortgage based on your estimate of what it is worth?

Likewise, tax authorities make their own property assessments for determining property taxes due. So I have never understood the argument that tax fraud was committed. Perhaps someone who is arguing this can explain it?

How about you meet former Justice Kennedy's son, who was Trump's handler at Deutche Bank.