TxRover Posted February 22 Share Posted February 22 Trump criteria to proceed with appeal: 1) Pay appeal bond (judgment+interest+20% reserve for interest during appeal) of $544 million ($355+$98+$91). 2) Find someone capable and willing to put up about $55 million and pay $544 million is Trump defaults. The $55 million would be lost forever. 3) Pay the $453 million in fines and interest while appealing and respect a refund if successful. Payment is due within 30 days of the Clerk of Court entering the final judgement, which isn’t happened yet…and Trump has actually asked for a 30 day delay in filing it from Engoron. Interest is over $87,000 a day. 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted February 22 Share Posted February 22 26 minutes ago, TxRover said: Trump criteria to proceed with appeal: 1) Pay appeal bond (judgment+interest+20% reserve for interest during appeal) of $544 million ($355+$98+$91). 2) Find someone capable and willing to put up about $55 million and pay $544 million is Trump defaults. The $55 million would be lost forever. 3) Pay the $453 million in fines and interest while appealing and respect a refund if successful. Payment is due within 30 days of the Clerk of Court entering the final judgement, which isn’t happened yet…and Trump has actually asked for a 30 day delay in filing it from Engoron. Interest is over $87,000 a day. I forget - does he get to clear this debt if he becomes president again? What happens if he just ignores it? 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 22 Share Posted February 22 (edited) 1 hour ago, BFTD said: I forget - does he get to clear this debt if he becomes president again? What happens if he just ignores it? Nope, New York State charges, so no Federal aspect. Trump now pushing for negotiations, in accordance with other similar cases…but this occurred BEFORE a final ruling. Expected to appeal on the ground of no victim, but NY Law specifically doesn’t require victims, just manipulation. James already positioning to seek the seizure of assets. Expect clarity by the Ides of March. Edit: On the ignore it, they seize property/accounts/etc…even if he’s President. Edited February 22 by TxRover 1 Quote Link to comment Share on other sites More sharing options...
BFTD Posted February 22 Share Posted February 22 2 hours ago, TxRover said: Nope, New York State charges, so no Federal aspect. Trump now pushing for negotiations, in accordance with other similar cases…but this occurred BEFORE a final ruling. Expected to appeal on the ground of no victim, but NY Law specifically doesn’t require victims, just manipulation. James already positioning to seek the seizure of assets. Expect clarity by the Ides of March. Edit: On the ignore it, they seize property/accounts/etc…even if he’s President. I wonder if he'll manage to raise a small army of eejits to protect his property like it's a statue of a long dead bigot. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 22 Share Posted February 22 15 minutes ago, BFTD said: I wonder if he'll manage to raise a small army of eejits to protect his property like it's a statue of a long dead bigot. So the NY AG gets a title and sells it, not her problem. 0 Quote Link to comment Share on other sites More sharing options...
aDONisSheep Posted February 22 Share Posted February 22 23 hours ago, D Angelo Barksdale said: Can't decide. Ruth Davidson or young Peter Lawall ? That’s Ricky Gervais in a syrup! 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 23 Share Posted February 23 Reviewing Trump’s business debts, based upon a non-specific list that uses ranges (the two listed being $5,000,001 to $25,000,000 and more than $50,000,000), Trump has nearly a minimum of $400 million in mortgages and loans (and probably much more). Interestingly, if he doesn’t post the appeal bond or pay the fine, that would be a default event that would trigger a number of his lenders getting the right to immediately call their loans OR seize the collateral. Another hitch is it isn’t entirely clear if business entries in New York could even loan Trump and his business money due to the provisions of the ruling making it illegal for,Trump to do business in NY for 3 years. Looking at the list, he has very few, if any, major properties that he own outright without a mortgage or pledged as collateral. There are also major payments coming due, and it’s an open question if he has cash to any those PLUS the fines/penalties. The clown show rolls on. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 24 Share Posted February 24 Judgement was filed yesterday, 23 February. Payment due is $454 million, plus $111,000 or so a day. Deadline is 25 March, and no New York Company can loan him money or provide bond funds. 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted February 24 Share Posted February 24 12 minutes ago, TxRover said: Judgement was filed yesterday, 23 February. Payment due is $454 million, plus $111,000 or so a day. Deadline is 25 March, and no New York Company can loan him money or provide bond funds. Time to get on the blower to those nice people who offer to consolidate all your debts into a single easy-to-manage monthly payment. 4 Quote Link to comment Share on other sites More sharing options...
btb Posted February 25 Share Posted February 25 Trump (60%) beats Haley (40%) in her home state (!) but she seems to have backers willing to keep her challenge going presumably in the hope Trump's situation totally blows up in his face. 0 Quote Link to comment Share on other sites More sharing options...
HTG Posted February 25 Share Posted February 25 10 hours ago, TxRover said: Judgement was filed yesterday, 23 February. Payment due is $454 million, plus $111,000 or so a day. Deadline is 25 March, and no New York Company can loan him money or provide bond funds. It's been asked before I think but does Trump end up in the jail if he doesn't stump up? If not, adding £111k per day is meaningless. 0 Quote Link to comment Share on other sites More sharing options...
orfc Posted February 25 Share Posted February 25 53 minutes ago, btb said: Trump (60%) beats Haley (40%) in her home state (!) but she seems to have backers willing to keep her challenge going presumably in the hope Trump's situation totally blows up in his face. Worth a bet. Good chance Trump will be skint, received a jail term or reputational toast in a few months and then she's the default candidate. Anyone under 60 will beat sleepy Joe and ta-da she's President 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 25 Share Posted February 25 3 hours ago, HTG said: It's been asked before I think but does Trump end up in the jail if he doesn't stump up? If not, adding £111k per day is meaningless. Not at this point. This is a civil action with no jail time involved, but they can and will garnish any payments and seize any assets they can get to. There are ways around a lot of it, but Trump essentially is out of business in New York State indefinitely until be pays…the three year prohibition is actually endless if he doesn’t comply with the fine. Also, any New York company that did business with him would be subject to fines, and any payments they received from him could be seized. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 26 Share Posted February 26 Two RNC proposals of interest. First is the RNC shall not back a candidate until they have 1,215 delegates. This is an attempt to delay the backing of Trump, speculation is focusing on some news percolating behind the scenes. Second is the RNC shall not pay for ANY candidates legal bills…transparent. Both are being pushed before Trump’s chosen ascend. 0 Quote Link to comment Share on other sites More sharing options...
Bully Wee Villa Posted February 26 Share Posted February 26 16 hours ago, orfc said: Worth a bet. Good chance Trump will be skint, received a jail term or reputational toast in a few months and then she's the default candidate. Anyone under 60 will beat sleepy Joe and ta-da she's President I don't think she would be default candidate, neither she nor anyone (other than Trump) will have received enough votes to get the nomination, so it would be decided on a vote of delegates at the party convention. They would almost certainly choose someone who is basically a Trump clone. 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted February 26 Share Posted February 26 6 hours ago, Bully Wee Villa said: I don't think she would be default candidate, neither she nor anyone (other than Trump) will have received enough votes to get the nomination, so it would be decided on a vote of delegates at the party convention. They would almost certainly choose someone who is basically a Trump clone. Can they go for one of his kids out of sheer petulance? "Oh, so you say we can't elect Donald Trump? Well, how about Donald Trump Jr? Checlmate Liberals!" 0 Quote Link to comment Share on other sites More sharing options...
Bully Wee Villa Posted February 26 Share Posted February 26 I wouldn't put it past them (though I suspect a moot point as can't see them barring Trump from standing, really). 1 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 26 Share Posted February 26 Disappointingly, only tracking the fraud case debt total… https://trumpdebtcounter.com 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 26 Share Posted February 26 (edited) 11 hours ago, Bully Wee Villa said: I don't think she would be default candidate, neither she nor anyone (other than Trump) will have received enough votes to get the nomination, so it would be decided on a vote of delegates at the party convention. They would almost certainly choose someone who is basically a Trump clone. Depends if they're more scared of losing the election or the MAGA hordes. I think she'd be a shoe in against Biden and the likely Trump impersonators would lose. She'd probably have to promise to build a wall and get Mexico to pay for it though. Edited February 26 by welshbairn 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted February 27 Share Posted February 27 On 26/02/2024 at 08:16, welshbairn said: Depends if they're more scared of losing the election or the MAGA hordes. I think she'd be a shoe in against Biden and the likely Trump impersonators would lose. She'd probably have to promise to build a wall and get Mexico to pay for it though. The delegates would be heavily MAGA, and that, as you point out, would drive the choice of new candidate. MAGA is unforgiving (very un-Christian, BTW) and would not support Haley for three reasons…opposed Trump/said mean things, female top of ticket candidate (second place is OK), and she’s a foreigner in their racist little hearts. MAGA will support a disciple, as long as it isn’t a Judas…so look to who is making nice to Donald right now. Haley’s route is through No Labels or some other third party scheme, where she would drain Biden and Trump votes, not getting enough to win anything, but perhaps throwing other races. How that would play out is unclear. 0 Quote Link to comment Share on other sites More sharing options...
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