Law Trump can’t get a loan to pay $464 million bond in fraud case, his lawyers say

[mixmastermo]

It doesn't say anywhere that he cannot collateralize a loan, it says that he can't find anyone to give him the loan. Anyone who does will be destroyed by the leftist mob, I'm not surprised.

Cool fanfiction bro

 

[Loiosh]

I predict this thread will consist of a bunch of people who have never had $450 to their name mocking Trump for not having $450 million in liquid assets.

Didn't he say publicly that he had it on hand and it wouldn't be a problem?

 

[Loiosh]

Trump: "I am an immensely wealthy person."
Court: "Our finding of fraud is commensurate with your claims of immense wealth."
Trump: "I am homeless give me soup."

You're a fucking super hero.

"Soup". I love you, man.

 

[idrankyourbeer]

hey look, the billionaire who doesn't have any billions.

Letitia James Tower here we come!

 

[Squarechoke]

If Trump was even remotely close to the wealth he has claimed that he has I'd easily lend him all the money I have. Really easy money to be made in a short term.

That's quite a big 'if' though.

 

[44nutman]

I predict this thread will consist of a bunch of people who have never had $450 to their name mocking Trump for not having $450 million in liquid assets.

Nobody in this thread inherited almost a billion from their Daddy. Also nobody in this thread was fined 10 million dollars for laundering money through there failure of a casino in Taj Mahal. I do bet everybody in this thread unlike Trump can legally run a charity.
Also since this is Sherdog if any poster banged Stormy she would not be complaining about a tiny wiener like she did Trump.

 

[Rational Poster]

It doesn't say anywhere that he cannot collateralize a loan, it says that he can't find anyone to give him the loan. Anyone who does will be destroyed by the leftist mob, I'm not surprised.

It's probably hard to get a loan based on the value of your assets when it was just proven in court that you've been inflating and deflating the value of your assets for decades depending who is asking.

 

[woodguyatl]

This just shows how insane / outrageous the original suit was and the application of the law was. This is a clear 8th Amendment violation.

He would get the loan if it was a clear 8th Amendment violation. Bond underwriters would be happy to make money if their lawyers were confident of appeals courts overturning this judgement

 

[nostradumbass]

I predict this thread will consist of a bunch of people who have never had $450 to their name mocking Trump for not having $450 million in liquid assets.

You'll find this in a lot of discussions about taxes too. A lot of lefties legit think billionaire means that is their checking account balance, and they go on turbo tax to file every year.

 

[steveflynn]

I predict this thread will consist of a bunch of people who have never had $450 to their name mocking Trump for not having $450 million in liquid assets.

Don't think too many people on here inherited a real estate empire (worth hundreds of millions of dollars) from their father either........

 

[44nutman]

You'll find this in a lot of discussions about taxes too. A lot of lefties legit think billionaire means that is their checking account balance, and they go on turbo tax to file every year.

That sounds good on paper but it does help a guy like Trump who has a bad habit of not paying his loans. I know Trump used to not be able to get a loan from an American bank because he stiffed most of them.

 

[idrankyourbeer]

It doesn't say anywhere that he cannot collateralize a loan, it says that he can't find anyone to give him the loan.

do you think bondsmen give out loans without taking collateral worth at least the value of the surety bond and then some? they just put down all their money for people out of the goodness of their hearts, and if their client loses their appeal, then they lose all of their money it is what it is right? i guess they're in business to go broke real quick.

"here ya go trump heres the $580 million or so to cover your surety. good luck with your appeal! hey if you dont manage to win, try to pay us back sometime okay. sure youve stiffed hundreds or thousands of contractors before us, but we'll just have to assume you'll treat us differently and we won't get screwed!" - said no bondsmen ever.

Anyone who does will be destroyed by the leftist mob, I'm not surprised.

oh so now we're inventing conspiracies about why the billionaire without any billions doesnt actually have any money to post his bond or pay his victim.

that's a crying shame. letitia james tower has a nice ring to it don't it? the fraudy orange rapist has reached the finding out stage, and he's about to learn real quick just how serious letitia james was when she said she will start seizing his shit if he doesnt pay in 30 days, and he's about to learn real quick just how fast the courts can move when it comes to seizing assets.

play stupid games win stupid prizes.

 

[CantCucktheTuck]

That sounds good on paper but it does help a guy like Trump who has a bad habit of not paying his loans. I know Trump used to not be able to get a loan from an American bank because he stiffed most of them.

The bank he supposedly defrauded, testified under oath, that all funds were paid and wished to do business with trump again.

 

[Dalarna3]

Bond for a civil case to avoid asset seizure? Transfer everything to his kids or campaign and let them take it.

 

[Squarechoke]

You'll find this in a lot of discussions about taxes too. A lot of lefties legit think billionaire means that is their checking account balance, and they go on turbo tax to file every year.

I don't know what random people may have said but when Mark Cuban commented on Trump in 2016 he said "Donald Trump is not a billionaire, I'm a billionaire. Trump is a clown who lives on credit."

 

[nostradumbass]

It's probably hard to get a loan based on the value of your assets when it was just proven in court that you've been inflating and deflating the value of your assets for decades depending who is asking.

Well the bank he's supposed to have "defrauded" said he paid them back with interest, they made money, and would be happy to do business with him again. You seem like more of a renter and paid by the hour kind of guy, but loans for businesses and appreciating assets are easier to get than ones to cover political persecution where there is no asset or ownership of anything.

 

[KOPPE]

I predict this thread will consist of a bunch of people who have never had $450 to their name mocking Trump for not having $450 million in liquid assets.

your orange rapist is the one who said "Im really rich" “I have total net worth of $8.73bn,” and now hes begging for $5 on TV

 

[syct23]

Bond for a civil case to avoid asset seizure? Transfer everything to his kids or campaign and let them take it.

What are your top 3 picks of Assets to be Seized first?

 

[Doughie99]

Didn't see this posted yet.

"Former President Donald Trump’s lawyers tell a New York appeals court that he faces “insurmountable difficulties” in securing the $464 million bond from lenders...

Trump’s lawyers told a New York appeals court that the former president had approached 30 underwriters to try to secure the $464 million bond required for him to proceed with his appeal of Engoron’s judgment in the financial fraud trial, but none had agreed to lend him the money...

“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,” Trump’s lawyers wrote in a court filing....

James has said that if Trump does not come up with the full bond amount, she would go after his real estate assets.

"Obtaining such cash through a 'fire sale' of real estate holdings would inevitably result in massive, irrecoverable losses — textbook irreparable injury," Trump’s lawyers wrote in their filing.

Last month, Engoron ordered Trump to pay the state $355 million plus interest for years of fraudulent business practices, including the inflation of his assets to obtain favorable loan and insurance rates.

Trump is appealing the decision, which obliges him to deposit 110% of the total amount owed into an escrow account as the appeals court hears the case."

https://www.yahoo.com/news/trump-le...-in-fraud-case-his-lawyers-say-190558285.html

If Trump is such a great businessman worth billions of dollars, why can't he get a loan from any North American lender?

so much for that f**ing billionaire.

 

[PainIsLIfe]

I predict this thread will consist of a bunch of people who have never had $450 to their name mocking Trump for not having $450 million in liquid assets.

He told the court at the start of the trial he had approx 600m in liquid assets