Clock is ticking for Trump to post bonds worth half a billion dollars
Clock is ticking for Trump to post bonds worth half a billion dollars
Clock is ticking for Trump to post bonds worth half a billion dollars
Experts say a cash crunch in coming weeks could thrust the former president’s business into greater uncertainty than it has seen in decades
Hours after a New York judge ordered Donald Trump to pay a $355 million penalty for submitting false data to financial institutions, the former president railed against the decision during a fundraiser at his Mar-a-Lago Club with some of the Republican Party’s wealthiest donors.
Trump claimed at that Feb. 16 gathering that the judge in the civil fraud case had made history by ordering him to pay such a staggering sum, according to two people who were there. He suggested that the judgment was so severe that the public would consider it unfair and rally in support. Over and over, he returned to the penalty, livid at its size.
The episode offered a glimpse of Trump’s preoccupation with a legal decision that threatens his wealth and has thrust his business empire into greater uncertainty than perhaps any time since the 1990s, when his Atlantic City casinos fell into extreme debt, leading six of his companies to file for bankruptcy.
Trump, who built his business and political identities around boasts of financial savvy, now faces an immediate cash crunch of more than a half-billion dollars — the combined cost of two legal battles that will now test the limits of his personal wealth.
Yeah I just really wonder what happens here. Like this timeline is meaningful and its going to open up some interesting issues. What happens when he just says "No."?
Do we expect legal enforcement? Does he get arrested? Does he just bail to Moscow? He's under financial monitoring. What does he just steal from the the Republican warchest to fund his debts? Then what happens when that money is just .. gone..?
So many uncertainties around this.
I never honestly expected him to appeal. It was all blustering and threats in an attempt to bully the courts into giving him more leeway, and to secure more donations from his rube supporters.
Donald Trump knows full well that these civil judgements don't matter at all. Unless he is able to win this election, he is going to spend the rest of his life in prison. Once this country learns what he was really doing with those classified materials, and how much of a traitor he really is then he will be well and truly fucked.
None of this money matters at all right now. If he gets back in the oval office he will manipulate the courts in a way that will guarantee he never pays, and if he doesn't he is going to flee the country or tear it apart.
Its one thing to signal, but this situation is a bit exceptional, even if we all wish it wasn't. He's a former President in an ongoing campaign for Presidency. What will the Letitia James do if Trump asks Proud Boys to take on security detail at his properties? Don't think they will? While Biden and the Democrats have been trying to brow beat their base into voting for a geriatric genocide supporting candidate, Trump has been rallying the ever living fuck out of his base. Those promises he made at CPAC, think he was bullshitting? Trump doesn't really bullshit. He means what he says and he says what he means. He's singularly unsubtle.
There are a lot of fucked up, disgusting cohorts of people in this country who will see a massive increase in their scope of power if Trump becomes president again. They are vitriolic, cultish, well armed, and they truly believe in the righteousness of their world view. The stormed the capitol on his orders. Think they wont do it again?
We've got Governers willing to defy federal orders right now. Would Greg Abbot or that cunt from Florida send state national guard troops to protect Trumps assets? Idk. Its wild to consider, but really not that wild.
I think its naive to think that things will just happen right along the books in this situation. Its not a normal situation, and it expedites the timeline for Trump substantially, because without this ruling, he's skating into the white house in November. This could be a real setback, or a real rallying point. Its not clear to me what happens, and I don't think it should be clear to anyone. There is just too much uncertainty, and its not a normal situation.
He only has to put up the money if he wants to pause judgement during the appeal. He's going to refuse to pay until the appeal fails, then appeal it again, daring the AG to seize his companies.