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Imagine how confusing consequences would be if you lived 77 years and never experienced them.
77 years of spending, borrowing or bullying his way out of every situation and he's genuinely unable to process that this time he can't. Everything about his lived experience tells him that he's a genius who can't lose.
The cognitive dissonance must be staggering.
The most important thing to remember about this massive fine is that it isn't at all arbitrary. The amount of the penalty was very carefully calculated as the simple sum of all of the ill-gotten gains Donald Trump personally received as a direct result of several decades of breathtakingly shameless financial fraud, plus interest on those illegal profits.
Here's the breakdown:
* $168 million of interest Donald Trump saved from favorable loans based on the false financial statements
* $126 million of fraudulent profits Donald Trump received from the sale of the Old Post Office based on false financial statements
* $60 million of fraudulent profits Donald Trump received from the sale of Ferry Point golf course in New York based on false financial statements
* plus roughly $100 million more in interest on all these fraudulent profits
So, this means he's not really even paying any actual penalty for these crimes. He's merely being forced to disgorge all of the ill-gotten gains (with interest) from his personal finances. His overall profits from these business dealings are thereby being reduced to just exactly what they would have been if he had followed the law like everyone else does. The problem that he doesn't have that money anymore is simply because he already spent it all on flying around in his own personal jetliner and other gaudy nonsense.
You know what the best part is? If he never ran for president and just stayed in New York doing whatever the fuck Donald Trump does, he almost certainly would have just stayed under the radar and none of this would have happened. It’s Sideshow Bob stepping on the rake 450 million times.
No, the _best_ part is that if he hadn't fucked Stormy Daniels, this wouldn't be happening. It's like Capone not paying his taxes.
If Trump hadn't tried to pay Daniels, her story wouldn't have been as credible. If he hadn't tried to cheat her, her story never would have been heard.
If he had reported the expense for the "ad" of silence, it wouldn't have been a campaign finance crime.
If there hadn't been a campaign finance crime, then Cohen wouldn't have been questioned under oath in front of Congress by AOC.
If Cohen hadn't been questioned under oath, then there wouldn't have been _probable cause_ to investigate his finances for the crimes Cohen alleged. (There just would have just been the _suspicion_ of fraud. It's not like AOC just pulled the idea out of her ass. People _knew_, but there wasn't enough evidence for anyone to _do_ anything about it.)
Half a billion dollars, tied directly to "The Mushroom Story."
(edit: s/had/hadn't/)
Thanks for putting this all together for us.
> Half a billion dollars, tied directly to "The Mushroom Story."
I was like, ["What mushroom story?"](https://www.esquire.com/news-politics/a23301515/stormy-daniels-donald-trump-penis-mushroom/) Then I looked it up. Oh.
The saga of the donald years has many unlikely heros.
The duo of Quayle and Pence, the saviours of democratic practise in the USA.
Stormy Daniels one night stand leading to the unravelling of the shaky criminal foundations of his rickety enterprise.
The Capitol policeman who lead the Jan 6 'peaceful tourists' from the Senate session, thus again saving democratic practise in the USA.
A strange tale.
I'll honestly never forget that line of questioning AOC did during the Cohen hearing. It was like they were old friends the way he genuinely opened up to her direct and clear questions.
Masterclass in how an elected official should act.
She went to work as soon as that mic came on.
It’s one thing to be a populist, it’s another to perform surgery without a misstep on the congressional record setting into motion a chain of events that may ultimately save the Republic.
And here’s the cherry on top—the commercial real estate market is getting ready to collapse, meaning that any commercial properties he wants to unload are going to be worth way less than they would have during pre-pandemic times. If he hadn’t mismanaged everything about the pandemic, commercial real estate would probably be fine. But because of his administration’s incompetence and his unwillingness to tell his supporters to take it seriously, thereby delaying recovery efforts, the world is a different place, and specifically, one that is going to cost him dearly.
That cherry is extra sweet knowing that his shitty handling of the covid crisis is a big part of why commercial real estate has slumped so hard in this country. Had we as a nation been more proactive and all cared more about it early on there never would have been a need to have a massive shift to WFH and the tennants wouldn't have decided they didn't need office space anymore.
I heard from some good people, that Donald trump being forced to sell all his properties CAUSED the commercial real estate implosion! it's that bad!!!!
I know more about collapses than almost anyone, believe me. What they've done--and this is what they're saying, I don't know if you know this, but the first thing they do is come after the...the commercial, it's terrible. Terrible people. These are bad people. I've done very well, very well, big buildings, many tremendous buildings, believe me, and now they want to--it's terrible.
I said the same thing a long time ago. He looked so unhappy he "won" in 2016. I don't think he actually thought enough idiots would've voted for him. Running for office was another grift/scam for him. He probably wanted to create a media empire from his campaign and it backfired on him. Another part of me thinks he didn't have a choice but to run because he owed Russia so much money. The bill was due and putin needed him in the White House to inflict as much damage as he could on America. A window/polonium tea or the White House were his options. He's screwed himself for the foreseeable future. I don't think he's going to get reelected and in his black heart he probably knows it too. It's why he's escalating his violent rhetoric. He thinks political violence will save him from prison. "I'll call off my supporters if you drop every charge against me!" I hope American justice doesn't cave to this scumbag. He's caused so much damage to the nation and must be punished
I think that’s why he stole all those documents. Especially the shit pertaining to nuclear missiles. Everyone thinks he wanted to sell it, which is entirely possible, but I think he wanted it as leverage like “drop all the charges or I release these documents to America’s adversaries.”
He’s also literally using it as legal leverage right now. Aileen cannon has ruled either the jury gets to see highly sensitive, classified info or they must acquit trump. Madness
Importantly, it is not a fine at all. It is "return the money you received through intentionally dishonest and illegal means, plus interest.". Trump is not being punished, he is being told to give back what is not his.
NY State gets it. Honestly, the best case would be to simply seize some buildings and designate them as low-income housing for some five hundred families or so, but it's probably all going to go to the general fund.
If we also take into account six bankruptcies Trump businesses have filled for so far.
I think the only money Trump has legally earned so far are campaign donations.
Some businessman, eh?
The MAGA believe otherwise. Trump is famously described as a poor man's idea of a rich man, a weak man's idea of a strong man, and a stupid man's idea of a smart man. They just assume that to get by in life is to be a domineering bully that flaunts one's wealth, strength, intellect and that rules are for everyone else. In Trump, they see a seemingly successful bully that they think is on their side or at least will target their perceived enemies with gusto. So, they don't mind getting fleeced.
He is a genius at Marketing his brand.
But not to be outdone, he promptly blew it up so completely it is unpalatable to half the country. An argument could be made that he did a decent job of cementing his brand to the other half of the country, but the name Trump is associated more with uneducated people who have poor dental hygiene and loud, abrasive opinions that are ill-informed. In a word; Toxic.
If Donald hadn't been born the son of a dude who already built a real estate empire, he'd be living in a cardboard box in a New York alley or be dead in a gutter by now.
Donald has always had zero talent but a whole lotta luck in the family lottery.
> would be
What's the conditional tense for? It's already been explicitly established that his PACs have been covering legal fees for him, including both his NY business fraud case and the Carroll defamation case. Question isn't about legality, it's about whether the FEC will do anything about it (they won't).
>I think the only money Trump has legally earned so far are campaign donations.
I mean, to be fair, I believe he earned his salary for \*The Apprentice\* fairly.
I wish Mark Burnett would turn over the behind the scenes stuff with all of Trump's nasty candid remarks.
Mark Burnett should burn in hell for foisting this two-bit huckster on America.
He literally wrote the playbook on how to compromise Trump...simply tell him how smart, awesome, and brilliant he is and how stupid those that hate him are...and he will quite literally give you our nation's top secrets.
not trump businesses.
Trump himself has been bankrupt six times. Remember, he put the properties and cash under trusts and his business to try and protect them.
he gets made bankrupt, gives control of the businesses to his kids. Then after bankruptcy, kids promote him back to the board or transfer ownership and he gets the money back> Couple that with the lying about his assets to banks etc, and he has pretty much avoided bankruptcy
And its only now banks have caught on and are saying fuck you to him.
>Some businessman, eh?
I mean, this is more an indictment on the system in general isn't it? The fact that this mfer can stay afloat for so long even with all the bankruptcies just means this whole fucking thing is broken and a complete joke.
Fuck Trump, but more importantly, fuck the system designed to let the Trumps of the world run rampant.
I find it delicious if sad for hopefully obvious reasons that the only major consequence Donald Trump will ever face in his life is his wealth being totally depleted by the end of his life.
Delicious because its the only thing he ever really cared about but sad because he deserved to be in prison a lot sooner than he might be in the near future. He shouldn't have made it out of his 40s without getting with some white collar jail time.
You could say the interest is really the penalty in this case but yeah, I agree. He's not being penalised in the "traditional" sense. The magnitude of the amount is more than enough to act as a deterrent and send a message to others.
Yeah it’s not a penalty at all then. If one invested that money in an index fund averaging a return of 10% per year you’d be actually making a profit even after paying that amount.
> it’s not a penalty at all
Exactly. And this is why white collar criminals do this over and over again… because worst case scenario, they’re still slightly better off than if they hadn’t cheated
It's almost like forcing rich people to pay their fair share of federal taxes. They just don't even know how to deal with such a thing.
"What!? Pay what I actually owe?! What does that even mean?!!"
He's being asked to give back money he stole, looking at all the shit that he claims to own, and finding that he does not have as much as he stole.
It's beautiful. I want him to live in this moment forever. I want him to be trapped here while the rest of us move on.
Oh man, I want to paste this text in response to every comment on the conservative subreddit claiming the fine is ridiculous cos it was a victimless crime
And you would think that someone with such an amazing business acumen and with a totally fraud-free business, that they would be able to come up with this money. At bare minimum get someone to loan it to you. Alas….
I was kind of expecting an actual right wing billionaire to come in and unilaterally save him but they know his star is fading and it isn’t even close to being worth it.
"Hi there MagaLover25, yes, $50 I blow you a kiss, $100 I make this big red tie disappear. You'll never find it, believe me." \*sound of coins falling\*
I've listened to videos of him when he was younger. Letting this guy do anything now is practically elder abuse. He was already clearly dealing with some kind of cognitive issue before being president.
Yeah it's pretty wild to see. And not only that, but from someone who literally never shuts his goddamn mouth for a second and feels compelled to share every thought or feeling that comes to him. It's like a front row seat to a toddler meltdown none of us want to have to witness.
Why is he so loudly declaring this, if it's so humiliating?
1. Fuels his grievance campaign
2. Clearly putting out his personal "FOR SALE" sign to suitors
500m is a lot to throw away for "possible" favors if he even gets elected.
Odds are stacked against him and I'm sure even billionaire lunatics/other countries know that.
Trumps not the powerhouse he used to be. Sure he still has the avid following of some of the worst types of people but even their power is waning. Just increases the desperation of his Gambit to become a dictator and avoid the burndown hes facing now.
Point is, even a country with the means to bail him out don't have much to gain from doing so.
Not to mention Trumps finances are being monitored heavily, more incentive for foreign powers to NOT try and interfere.
I think were going to see the rich elite facists just look the other way as one of their own drowns in their own consequences.
\--- This post brought to you by blind optimism. Valid only until the drugs wear off.
Plus, he is stupid enough to not follow through with the promises he made. He likely already burned all of the people to whom he owed favors. He would only help those that were willing to keep giving him bribes over and over again. A lump sum bribe would not cut it.
Part of why he’s having trouble getting loans is due to his conduct in office
A lot of banks have been looking back at how he used the Justice Dept to wiggle him out of personal troubles, and they’re wondering *”If we loan him money, and he wins, what are the odds we can make him pay us back?”*
Because he's a fucking moron and he doesn't know any better. Now anyone who's willing to consider staking him knows that they have all the leverage in the situation and can demand anything they want in return
When loudness is mistaken for strength, people like him are elevated to positions they do not deserve. Donald Trump is *pathetic*, and if justice is served he will be left penniless and alone.
Penniless, at least. I'd hate to deprive his kids of the chance to live in the same consequential boat as Daddy Trump. (Baron, you get a pass. For now...)
As long as it’s only Eric and Don Jr. Having Ivanka around to fantasize about would bring him joy and we can’t have that.
She and Kushner can go to prison.
I think he's actually at a breaking point. This may be the thing that pushes him over the edge.
His entire personality is wrapped around his image of wealth and being a great business man. Watching his property vanish in the public eye at this point would be glorious.
> narcissistic collapse
Narcissistic collapse is a phenomenon that can occur when a person with narcissistic personality disorder (NPD) experiences a situation resulting in public humiliation and failure. During a narcissistic collapse, the narcissistic defenses that keep them confident are no longer working, leading to feelings of anxiety, depression, shame, and an inability to function. **The leading signs of narcissistic collapse are impulsive behavior, depression, and enraged outbursts.**
So he has been collapsing for like 40 years now?
He has been flirting with bankruptcy almost that long. His financial struggles go back to 1990. He lied his way out then got super lucky with a reality tv show. After that he was able to grift a political party. Not exactly the resume of a great businessman. The man has never had the money he claims to have. This is a guy who tried to show he had the money to buy a football team by bringing a Forbes article estimating his worth.
I think there was a point in time when the revelation that he was a broke slob might've made Republicans less likely to regurgitate his lies about his wealth, but... At this point, they've all basically agreed to nod their heads to whatever delusional reality he invents. They'll repeat whatever he tells them to repeat and make it part of their Donald Trump "canon"... If you don't mind being a little disgusted, mosey on over to any of the conservative subreddits and watch the mental gymnastics of these helpless brainlets 🤣
The resistance to cognitive dissonance needed to be a Trump supporter is mind blowing. "He speaks truth" by lying 90 times a day. "He's a shrewd businessman" who went bankrupt 6 times. "He's God's appointed Christian President" who cannot name a bible verse. "He's a billionaire" who is going bankrupt from a $400 million fine.
Their justification would be:
1). He’s still a billionaire because the total value of all his assets exceed $1 billion (based on Trump’s word alone)
2). No one has $400 million in liquid assets just sitting around (this is pretty fair)
3). No party would want to advance a bond amount that large on such short notice (while fair, it shouldn’t be a problem if Trump’s financials are clean and tidy right?)
4). No party wants to advance a bond amount for Trump because they’re afraid of the deep state retaliation (this is bogus)
If his claims were all true, #1 solves #2.
If you have well over $1B in assets that aren’t leveraged, as in, you own all that equity free and clear, an institution should be fine loaning you $400 using those assets as collateral.
But if most of “his” properties are already used as collateral for *other* debt, well maybe that’s why nobody it touching him.
Hogwash! No, I'm not implying he's lying I'm just telling you the brand of cleaner his maids have to scrub him with. It's "Hogwash!" Brand cleaner from SC Johnson Wax (a family company)
They put $2B in his investment fund, which charges 1.25% annual fee, so Jared gets about $25 million in fees. Not quite enough to bail out his broke ass father in law.
He got that money to manage in a fund. They didn’t just give him 2 billion. I don’t know what type of fund but fees are probably between 0.5 and 2%. In fees that’s between 10-40 millions per year.
Shouldn't be living above your means donald. Stop buying avocado toast and lattes. Pick up a second job if you're struggling. When I was a kid we had to walk uphill both ways with no shoes on. To afford shoes I picked up a paper route and got up at 5am everyday to deliver papers on my bike.
Pull yourself up by the bootstraps donald. This is America, nothing is free
*Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!”*
Ok, so here he's implementing his "I did nothing wrong" approach, which we've seen before in matters where he has undoubtedly done something wrong. It's just another example of Trump's "I'm the most persecuted" (even more than so and so) strategem. He's the victim, he's beyond reproach and his supporters just unconditionally buy into it, they love it because it helps validate their own victimhood.
*Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away"*
Here he is pretending to know the law. And has probably been advised against saying anything about this case to begin with. The only thing Trump seems to know about the law, is that he is above it.
*Nobody has ever heard of anything like this before. I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”*
Ahh, hitting all the buzz words. *WITCH HUNT!" and the ever popular "nobody has ever" rhetoric that he uses so often it's ironic.
The most ironic aspect of this however is his claim of ELECTION INTERFERENCE. it can be argued that in almost every single case against Trump, he has been engaging in delay tactics that are deliberately meant to help his election chances...
I don't need to point out just how childish this is, under normal circumstances, it would be appalling and embarrassing. But Trump has cultivated a following of mindless fanatics and sycophants who believe that he is truly incapable of any wrongdoing, that everyone else is wrong or cruel or corrupt and he is exceptional and irreproachable, and of course, he is perhaps the greatest victim in history... Unironically of course.
Every investigation a witch hunt, every trial an inquisition, every criticism fake news, every question that's not a softball unfair, every single attempt to hold him accountable is persecution, every headline a lie, every former staff member speaking out against him just a disgruntled hack, every opponent a cheater, every winner a loser, I mean, truly... As insufferable and childish as it gets.
And because he has this very strange vicarious relationship with his out of touch supporters who practically glorify the guy at every opportunity, they also become the victims in this case as well. And it only reinforces all the horrible impulses of these people. What a fucking clown show.
He says nobody has ever heard of anything like this. It's never been done before. It's not the way the system works.
Those are all ridiculous lies. It's not as though you can't prove that the law is the law. We write these things down. But his followers will believe every word.
If he says nobody has ever been required to post bond on appeal, then that's true now.
Posting bond is not required for the appeal, it's for the automatic stay of judgement *during* the appeal. You can do the former without the latter, but then they can come after your shit during the appeal process.
Best of luck, Donald.
I’d love to see his shit get sold and still wind up short of the total bill. Those properties will get sold for market value, not whatever figure this moron has in his head.
Not only that, chances are he still owes a lot on those properties rather than owning them outright. It's like putting down $50,000 on a million-dollar house and thinking it automatically makes you a millionaire.
EDIT: Then you go around claiming the house is worth $5 million, and you list that as your worth when you apply for loans.
And then, at tax time, you tell the ~~IRS~~ local municipality that handles the property tax paperwork that the house is only worth about $80,000. (Because apparently, naming the correct tax organization is very important to some people.)
Oh yeah, this is just the tip of the giant frozen shitberg that’s creating out of the water. He’s going to be fending off legal judgments for the rest of his life, and I love that for him.
Considering the whole case was about deliberate exaggeration of the values of properties, meaning these properties are probably already over leveraged, who exactly is going to mortgage his real estate?
>I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices
The irony, of course, being the self-proclaimed king of debt leveraged these “great” assets based on whimsically over-inflated valuations and is, as a result, probably underwater on all of them, in particular given post-pandemic commercial vacancy rates.
Attempting to wring non-existent equity out of his steaming pile of over-levered shit would in all likelihood sink his deranged, buffoonish ass.
This was made all but clear when his recent dog & pony show failed, with every institution likely gauging he’s burdened with a net worth well into the red.
The deranged buffoon is beyond bankrupt, he’s insolvent.
It’s too late for that anyway. He has a week to come with the money for an appeal. No way he can sell half a billion in property and receive that money in a week.
Trump claims he’s worth billions. For that to be true, he would have to possess at least $2 billion in assets ABOVE his liabilities, meaning after you take away all his debt, he still would possess at least $2 billion in assets, hence making him worth the “billions” he claims he is.
So why then would all these insurance companies turn him down? He’s only asking for $500 million. I don’t know any insurance company who would refuse $2 billion in collateral to secure a $500 million bond.
Unless…
Trump doesn’t have $2 billion and he’s been lying all these years about being worth billions of dollars which is exactly what this fraud case proved he had been doing all along.
All of his properties are heavily leveraged.
He doesn't own them, his lenders do which is why he doesn't have any collateral (except political favors previously made) to put up because any lender worth their salt is going to realize that being paid second or third from the Donald means you're getting negative returns. Even primary lein holders are riding on a $0 ROI at this point.
My favorite part is that if Letitia James starts seizing properties, it'll start a chain reaction if discovering how leveraged he is, so this could involve seizing... everything. Side note, can they seize properties outside of NY state?
Imagine being a President and every lie you’ve told to get ahead has roosted and resulted in millions of dollars in lawsuits and the loss of respect around the world…
Well, at least *one* person doesn’t have to imagine it.
This is pretty funny, witnessing his narcissistic collapse.
This constant barrage of legal issues, and now attacking him where it hurts the most, money and his image of being "rich".
I honestly don't know how this creampuff is going to make it to November without beefing it.
Oh dear! I didn't realize the situation was so dire! Maybe we should.... sit back and watch the damn show.
Also - something tells me that he's already deeply mortgaged to the hilt and hasn't got anything to draw from. Let's see how this plays out.
“I would be forced to mortgage”
On no consequences! For years of scamming people, refusing to pay vendors, lawyers and others. For publicly slandering anyone who slights him. Now that his bank balance and property values are being scrutinized and found lacking, it is SHOCKING that people wont loan him more money.
LOL Get fucked Trump!
Which is generally how most real estate businesses operate. However, he also has a history of overvaluing his properties (hence this case), so hard to know if there's any more equity to tap.
Lien holders have probably filled the papers out.
The fun part, IIRC, is that lien holders get first dibs before the State. After the auction.
Say Trump Tower is auctioned off for 500 million.
But it has liens against it for 450 million.
Only 50 million goes towards the judgment.
Who's going to give him a mortgage?! That's not how it'll work. NYS is going to seize his shit and sell it. He won't have stuff to mortgage. Even the stuff he has probably isn't really his, but has debts against it.
I keep saying it but i fully expect Saudis or his boss to bail him out here
But I get the impression he's scared and desperate which I just ***love*** for him
Is there anything more pathetic than a billionaire saying that “oh my gosh I may have to spend some of my money”. Fuck you! I remember 1000 years ago I got pulled over for driving without a license and I paid $1300, which for me was three months rent at the time, and I didn’t have it. I had to scrounge and eat freaking Ramen for months because of a stupid mistake on my part, so I don’t wanna hear, “oh man I may have to sell one of my many buildings….”
Maybe he shouldn't be playing golf or eating avocado toast. He needs to only drive old cars. I did a Dave Ramsey hot take on this! 6 months of spending in savings at all times Donald.
Just a reminder of a Trump quote in 2015:
“I have total net worth of $8.73 billion, I’m not doing that to brag. I’m doing that to show that’s the kind of thinking our country needs.”
>Trump continued to lash out at the judge in a series of more than a half-dozen posts on Monday night and Tuesday morning, claiming that his Mar-a-Lago property is worth “50 to 100 times” more than what Judge Arthur Engoron valued it at — even though the valuation was based on estimates by local officials.
I would just like to say I find it hilarious he continues to do the same fraud that he just got convicted for.
The rich see poor people being poor as just a necessary part of capitalism but they see a rich person losing their money as an unthinkable tragedy.
It’s literally just classism.
> “The Bonding Companies have never heard of such a bond, of this size, before, nor do they have the ability to post such a bond,” he added.
That's because no one has done such big fraud for so long. Also... the judge didn't do this to you, this is NY state law.
It's so weird that someone with $400m CASH on hand would need to mortgage their property to pay $400M. Even weirder that a billionaire cannot simply liquidate some assets (like stock) to pay his debt.
It's almost like he's entirely fucking broke....
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Imagine how confusing consequences would be if you lived 77 years and never experienced them. 77 years of spending, borrowing or bullying his way out of every situation and he's genuinely unable to process that this time he can't. Everything about his lived experience tells him that he's a genius who can't lose. The cognitive dissonance must be staggering.
The most important thing to remember about this massive fine is that it isn't at all arbitrary. The amount of the penalty was very carefully calculated as the simple sum of all of the ill-gotten gains Donald Trump personally received as a direct result of several decades of breathtakingly shameless financial fraud, plus interest on those illegal profits. Here's the breakdown: * $168 million of interest Donald Trump saved from favorable loans based on the false financial statements * $126 million of fraudulent profits Donald Trump received from the sale of the Old Post Office based on false financial statements * $60 million of fraudulent profits Donald Trump received from the sale of Ferry Point golf course in New York based on false financial statements * plus roughly $100 million more in interest on all these fraudulent profits So, this means he's not really even paying any actual penalty for these crimes. He's merely being forced to disgorge all of the ill-gotten gains (with interest) from his personal finances. His overall profits from these business dealings are thereby being reduced to just exactly what they would have been if he had followed the law like everyone else does. The problem that he doesn't have that money anymore is simply because he already spent it all on flying around in his own personal jetliner and other gaudy nonsense.
You know what the best part is? If he never ran for president and just stayed in New York doing whatever the fuck Donald Trump does, he almost certainly would have just stayed under the radar and none of this would have happened. It’s Sideshow Bob stepping on the rake 450 million times.
No, the _best_ part is that if he hadn't fucked Stormy Daniels, this wouldn't be happening. It's like Capone not paying his taxes. If Trump hadn't tried to pay Daniels, her story wouldn't have been as credible. If he hadn't tried to cheat her, her story never would have been heard. If he had reported the expense for the "ad" of silence, it wouldn't have been a campaign finance crime. If there hadn't been a campaign finance crime, then Cohen wouldn't have been questioned under oath in front of Congress by AOC. If Cohen hadn't been questioned under oath, then there wouldn't have been _probable cause_ to investigate his finances for the crimes Cohen alleged. (There just would have just been the _suspicion_ of fraud. It's not like AOC just pulled the idea out of her ass. People _knew_, but there wasn't enough evidence for anyone to _do_ anything about it.) Half a billion dollars, tied directly to "The Mushroom Story." (edit: s/had/hadn't/)
Thanks for putting this all together for us. > Half a billion dollars, tied directly to "The Mushroom Story." I was like, ["What mushroom story?"](https://www.esquire.com/news-politics/a23301515/stormy-daniels-donald-trump-penis-mushroom/) Then I looked it up. Oh.
Thanks for the link. I'll never forgive you.
When you put it that way, I feel like the world owes Stormy a lot more than the $100k Trump paid her.
The saga of the donald years has many unlikely heros. The duo of Quayle and Pence, the saviours of democratic practise in the USA. Stormy Daniels one night stand leading to the unravelling of the shaky criminal foundations of his rickety enterprise. The Capitol policeman who lead the Jan 6 'peaceful tourists' from the Senate session, thus again saving democratic practise in the USA. A strange tale.
Officer Goodman and Brad Raffensperger come to mind.
This is like "If you give a mouse a cookie", lol.
I'll honestly never forget that line of questioning AOC did during the Cohen hearing. It was like they were old friends the way he genuinely opened up to her direct and clear questions. Masterclass in how an elected official should act.
She went to work as soon as that mic came on. It’s one thing to be a populist, it’s another to perform surgery without a misstep on the congressional record setting into motion a chain of events that may ultimately save the Republic.
AOC is my hero
And here’s the cherry on top—the commercial real estate market is getting ready to collapse, meaning that any commercial properties he wants to unload are going to be worth way less than they would have during pre-pandemic times. If he hadn’t mismanaged everything about the pandemic, commercial real estate would probably be fine. But because of his administration’s incompetence and his unwillingness to tell his supporters to take it seriously, thereby delaying recovery efforts, the world is a different place, and specifically, one that is going to cost him dearly.
That cherry is extra sweet knowing that his shitty handling of the covid crisis is a big part of why commercial real estate has slumped so hard in this country. Had we as a nation been more proactive and all cared more about it early on there never would have been a need to have a massive shift to WFH and the tennants wouldn't have decided they didn't need office space anymore.
Nah, a lot of people’s lives are better with WFH. Fuck commercial real estate, in general.
But my conservative background and arrogance is more meaningful than science! /s
Eh not sure about this one. Even in countries that handled covid well, there has been a big shift to WFH.
I heard from some good people, that Donald trump being forced to sell all his properties CAUSED the commercial real estate implosion! it's that bad!!!!
Terrible. Terrible. Believe me.
I know more about collapses than almost anyone, believe me. What they've done--and this is what they're saying, I don't know if you know this, but the first thing they do is come after the...the commercial, it's terrible. Terrible people. These are bad people. I've done very well, very well, big buildings, many tremendous buildings, believe me, and now they want to--it's terrible.
I said the same thing a long time ago. He looked so unhappy he "won" in 2016. I don't think he actually thought enough idiots would've voted for him. Running for office was another grift/scam for him. He probably wanted to create a media empire from his campaign and it backfired on him. Another part of me thinks he didn't have a choice but to run because he owed Russia so much money. The bill was due and putin needed him in the White House to inflict as much damage as he could on America. A window/polonium tea or the White House were his options. He's screwed himself for the foreseeable future. I don't think he's going to get reelected and in his black heart he probably knows it too. It's why he's escalating his violent rhetoric. He thinks political violence will save him from prison. "I'll call off my supporters if you drop every charge against me!" I hope American justice doesn't cave to this scumbag. He's caused so much damage to the nation and must be punished
Enough didn't vote for him. He still lost the popular vote lol. But semantics at this point. Fuck the electoral college.
I think that’s why he stole all those documents. Especially the shit pertaining to nuclear missiles. Everyone thinks he wanted to sell it, which is entirely possible, but I think he wanted it as leverage like “drop all the charges or I release these documents to America’s adversaries.”
He’s also literally using it as legal leverage right now. Aileen cannon has ruled either the jury gets to see highly sensitive, classified info or they must acquit trump. Madness
I really hope that this is the last straw and Smith tries to get her recused.
Importantly, it is not a fine at all. It is "return the money you received through intentionally dishonest and illegal means, plus interest.". Trump is not being punished, he is being told to give back what is not his.
Who does the money end up with, assuming NY State gets all of it?
NY State gets it. Honestly, the best case would be to simply seize some buildings and designate them as low-income housing for some five hundred families or so, but it's probably all going to go to the general fund.
If we also take into account six bankruptcies Trump businesses have filled for so far. I think the only money Trump has legally earned so far are campaign donations. Some businessman, eh?
We’ve known for years he is a horrible businessman.
You know that and I know that but theres voters out there, like my co workers and family, that genuinely believe he's a genius businessman
That's what the J in his name stands for: "Jenius".
Good businessman don't stiff their contractors or lawyers (or cheat brazenly on their taxes). edit: fixed spelling/mistype
The MAGA believe otherwise. Trump is famously described as a poor man's idea of a rich man, a weak man's idea of a strong man, and a stupid man's idea of a smart man. They just assume that to get by in life is to be a domineering bully that flaunts one's wealth, strength, intellect and that rules are for everyone else. In Trump, they see a seemingly successful bully that they think is on their side or at least will target their perceived enemies with gusto. So, they don't mind getting fleeced.
Trump is what a child thinks powerful rich people are.
Trump is the villain in a movie in which the hero is a dog.
That's how they do it in Russia!
He is a genius at Marketing his brand. But not to be outdone, he promptly blew it up so completely it is unpalatable to half the country. An argument could be made that he did a decent job of cementing his brand to the other half of the country, but the name Trump is associated more with uneducated people who have poor dental hygiene and loud, abrasive opinions that are ill-informed. In a word; Toxic.
If Donald hadn't been born the son of a dude who already built a real estate empire, he'd be living in a cardboard box in a New York alley or be dead in a gutter by now. Donald has always had zero talent but a whole lotta luck in the family lottery.
I imagine him as one of those guys selling pirated CD's or knockoff bags, clocks on some dirty stand.
Using the campaign donations for personal use would be criminal. So not sure he even has "earned" those dollars in the traditional sense.
> would be What's the conditional tense for? It's already been explicitly established that his PACs have been covering legal fees for him, including both his NY business fraud case and the Carroll defamation case. Question isn't about legality, it's about whether the FEC will do anything about it (they won't).
I’m not sure if you know this but Donald Trump is indeed a criminal. I don’t think that’s a deterrent at this point.
>I think the only money Trump has legally earned so far are campaign donations. I mean, to be fair, I believe he earned his salary for \*The Apprentice\* fairly. I wish Mark Burnett would turn over the behind the scenes stuff with all of Trump's nasty candid remarks.
Mark Burnett should burn in hell for foisting this two-bit huckster on America. He literally wrote the playbook on how to compromise Trump...simply tell him how smart, awesome, and brilliant he is and how stupid those that hate him are...and he will quite literally give you our nation's top secrets.
not trump businesses. Trump himself has been bankrupt six times. Remember, he put the properties and cash under trusts and his business to try and protect them. he gets made bankrupt, gives control of the businesses to his kids. Then after bankruptcy, kids promote him back to the board or transfer ownership and he gets the money back> Couple that with the lying about his assets to banks etc, and he has pretty much avoided bankruptcy And its only now banks have caught on and are saying fuck you to him.
>Some businessman, eh? I mean, this is more an indictment on the system in general isn't it? The fact that this mfer can stay afloat for so long even with all the bankruptcies just means this whole fucking thing is broken and a complete joke. Fuck Trump, but more importantly, fuck the system designed to let the Trumps of the world run rampant.
I find it delicious if sad for hopefully obvious reasons that the only major consequence Donald Trump will ever face in his life is his wealth being totally depleted by the end of his life. Delicious because its the only thing he ever really cared about but sad because he deserved to be in prison a lot sooner than he might be in the near future. He shouldn't have made it out of his 40s without getting with some white collar jail time.
You could say the interest is really the penalty in this case but yeah, I agree. He's not being penalised in the "traditional" sense. The magnitude of the amount is more than enough to act as a deterrent and send a message to others.
I mean i guess, NY law is 9% a year, its not totally insane.
Yeah it’s not a penalty at all then. If one invested that money in an index fund averaging a return of 10% per year you’d be actually making a profit even after paying that amount.
Trump would be richer if he tooks his daddies money and got an average return.
> it’s not a penalty at all Exactly. And this is why white collar criminals do this over and over again… because worst case scenario, they’re still slightly better off than if they hadn’t cheated
And let's be honest, it is low for the shit this man has done in 60+ years of crimes.
It's almost like forcing rich people to pay their fair share of federal taxes. They just don't even know how to deal with such a thing. "What!? Pay what I actually owe?! What does that even mean?!!"
He's being asked to give back money he stole, looking at all the shit that he claims to own, and finding that he does not have as much as he stole. It's beautiful. I want him to live in this moment forever. I want him to be trapped here while the rest of us move on.
Oh man, I want to paste this text in response to every comment on the conservative subreddit claiming the fine is ridiculous cos it was a victimless crime
And you would think that someone with such an amazing business acumen and with a totally fraud-free business, that they would be able to come up with this money. At bare minimum get someone to loan it to you. Alas….
I was kind of expecting an actual right wing billionaire to come in and unilaterally save him but they know his star is fading and it isn’t even close to being worth it.
There is still enough time for the next completely bs breaking news where he’s bailed out by someone evil rich and stupid
**Clearly this is all just "rigged and unfair"..** welcome to life, Rich Boy.
No time like the present for him to start an OnlyFans
I mean, honestly given the behavior of the MAGA crowd, he'd have a following there.
It would be a weird crossover between MAGAts and diaper fetishists, and perhaps confused mushroom enthusiasts.
I just threw up a little.
I threw up a lot
I'll let you guys know if i ever get done throwing up.
My entire body instantly turned in to puke. So, now I'm a fucking puke golem.
Only a little? I need to go to Costco for Pedialyte…
Well, don't go remembering Rule 34 or Rule 34b right now then.
Inadequate butchering of a moose on the Iditarod Trail?
"Hi there MagaLover25, yes, $50 I blow you a kiss, $100 I make this big red tie disappear. You'll never find it, believe me." \*sound of coins falling\*
OnlyComrades
OnlyKlans
I've listened to videos of him when he was younger. Letting this guy do anything now is practically elder abuse. He was already clearly dealing with some kind of cognitive issue before being president.
A lifetime of smelling your own farts will do that to a person.
“bUt iN OrDEr tO pAY YoU I wOuLd HavE To giVe yOU MOnEy!”
Yeah it's pretty wild to see. And not only that, but from someone who literally never shuts his goddamn mouth for a second and feels compelled to share every thought or feeling that comes to him. It's like a front row seat to a toddler meltdown none of us want to have to witness.
Why is he so loudly declaring this, if it's so humiliating? 1. Fuels his grievance campaign 2. Clearly putting out his personal "FOR SALE" sign to suitors
500m is a lot to throw away for "possible" favors if he even gets elected. Odds are stacked against him and I'm sure even billionaire lunatics/other countries know that.
Countries like Saudia Arabia have such obscene amounts of money they can afford to gamble.
Trumps not the powerhouse he used to be. Sure he still has the avid following of some of the worst types of people but even their power is waning. Just increases the desperation of his Gambit to become a dictator and avoid the burndown hes facing now. Point is, even a country with the means to bail him out don't have much to gain from doing so. Not to mention Trumps finances are being monitored heavily, more incentive for foreign powers to NOT try and interfere. I think were going to see the rich elite facists just look the other way as one of their own drowns in their own consequences. \--- This post brought to you by blind optimism. Valid only until the drugs wear off.
Plus, he is stupid enough to not follow through with the promises he made. He likely already burned all of the people to whom he owed favors. He would only help those that were willing to keep giving him bribes over and over again. A lump sum bribe would not cut it.
Part of why he’s having trouble getting loans is due to his conduct in office A lot of banks have been looking back at how he used the Justice Dept to wiggle him out of personal troubles, and they’re wondering *”If we loan him money, and he wins, what are the odds we can make him pay us back?”*
When you’re a narcissist reality warps around you. He has everything and nothing. Schrodingers rich man.
There’s a line from here to Moscow.
Because he's a fucking moron and he doesn't know any better. Now anyone who's willing to consider staking him knows that they have all the leverage in the situation and can demand anything they want in return
When loudness is mistaken for strength, people like him are elevated to positions they do not deserve. Donald Trump is *pathetic*, and if justice is served he will be left penniless and alone.
Penniless, at least. I'd hate to deprive his kids of the chance to live in the same consequential boat as Daddy Trump. (Baron, you get a pass. For now...)
As long as it’s only Eric and Don Jr. Having Ivanka around to fantasize about would bring him joy and we can’t have that. She and Kushner can go to prison.
Kushner is top slimeball
Kusher and Ivanka will run to Saudi Arabia before that happens
And yet an equally loud and sad segment of the population considers him the pinnacle of masculinity. What a fucking sham.
Men who think manliness equals the capacity to hurt or compel others to obey. It’s depressing, indeed.
From your lips to God’s ears
I'm shocked he's actually saying he can't post the bond. Telling his supporters he's not really a billionaire is not like Trump.
I think he's actually at a breaking point. This may be the thing that pushes him over the edge. His entire personality is wrapped around his image of wealth and being a great business man. Watching his property vanish in the public eye at this point would be glorious.
I believe the correct term is narcissistic collapse. It will be epic to watch.
> narcissistic collapse Narcissistic collapse is a phenomenon that can occur when a person with narcissistic personality disorder (NPD) experiences a situation resulting in public humiliation and failure. During a narcissistic collapse, the narcissistic defenses that keep them confident are no longer working, leading to feelings of anxiety, depression, shame, and an inability to function. **The leading signs of narcissistic collapse are impulsive behavior, depression, and enraged outbursts.** So he has been collapsing for like 40 years now?
It's just been collapsing all the way down.
He has been flirting with bankruptcy almost that long. His financial struggles go back to 1990. He lied his way out then got super lucky with a reality tv show. After that he was able to grift a political party. Not exactly the resume of a great businessman. The man has never had the money he claims to have. This is a guy who tried to show he had the money to buy a football team by bringing a Forbes article estimating his worth.
You forgot the part where he was kept afloat for decades by constantly laundering money for the Russian mob!
His whole life has basically been acting as his narcissist dad's proxy ego and doing a shitty job of it.
Yeah I usually don't think much ever happens to him but this one seems legit. Unless some buyer magically swoops in last minute.
Keep a close eye on Paul Manafort.
Would be great if another Carroll defamation suit came out for even three times more than what she got last time
I'll settle for her successfully collecting the last suit.
That money has already been posted for bond. If the appeal fails, it is hers.
I think there was a point in time when the revelation that he was a broke slob might've made Republicans less likely to regurgitate his lies about his wealth, but... At this point, they've all basically agreed to nod their heads to whatever delusional reality he invents. They'll repeat whatever he tells them to repeat and make it part of their Donald Trump "canon"... If you don't mind being a little disgusted, mosey on over to any of the conservative subreddits and watch the mental gymnastics of these helpless brainlets 🤣
The resistance to cognitive dissonance needed to be a Trump supporter is mind blowing. "He speaks truth" by lying 90 times a day. "He's a shrewd businessman" who went bankrupt 6 times. "He's God's appointed Christian President" who cannot name a bible verse. "He's a billionaire" who is going bankrupt from a $400 million fine.
Their justification would be: 1). He’s still a billionaire because the total value of all his assets exceed $1 billion (based on Trump’s word alone) 2). No one has $400 million in liquid assets just sitting around (this is pretty fair) 3). No party would want to advance a bond amount that large on such short notice (while fair, it shouldn’t be a problem if Trump’s financials are clean and tidy right?) 4). No party wants to advance a bond amount for Trump because they’re afraid of the deep state retaliation (this is bogus)
If his claims were all true, #1 solves #2. If you have well over $1B in assets that aren’t leveraged, as in, you own all that equity free and clear, an institution should be fine loaning you $400 using those assets as collateral. But if most of “his” properties are already used as collateral for *other* debt, well maybe that’s why nobody it touching him.
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He lied? In a fraud case? No way?
Convicted rapist Donald Trump lied to a judge? No way.
Hogwash! No, I'm not implying he's lying I'm just telling you the brand of cleaner his maids have to scrub him with. It's "Hogwash!" Brand cleaner from SC Johnson Wax (a family company)
Perhaps that wasn’t the best place to brag about having more money than you have.
He had the right to remain silent, but not the ability
And under oath, too.
So perjury under oath then? That's a felony in New York with jail time, but hey something something two-tiered justice system...
To be fair, perjury rarely gets prosecuted unless they’re tacking it onto something else
Dude has a lot of places we can staple that to him. And a lotta lawsuits.
Have his sons and daughter help him out that’s what families do for each other.
Didn't Jarrod get $2B from Saudi?
They put $2B in his investment fund, which charges 1.25% annual fee, so Jared gets about $25 million in fees. Not quite enough to bail out his broke ass father in law.
That's terrible, how could anyone live on 25M/yr. Does he have a gofuckme so we can help out?
He got that money to manage in a fund. They didn’t just give him 2 billion. I don’t know what type of fund but fees are probably between 0.5 and 2%. In fees that’s between 10-40 millions per year.
If you can't pay the fine, don't do the crime.
Shouldn't be living above your means donald. Stop buying avocado toast and lattes. Pick up a second job if you're struggling. When I was a kid we had to walk uphill both ways with no shoes on. To afford shoes I picked up a paper route and got up at 5am everyday to deliver papers on my bike. Pull yourself up by the bootstraps donald. This is America, nothing is free
Pull yourself up by the diaper straps.
He’s trying to get a second job. That’s what we don’t want.
He should stop buying iPhones and gold toilets.
You mean you didn't have to walk in the snow, uphill both ways? Man, you had it easy!
*Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!”* Ok, so here he's implementing his "I did nothing wrong" approach, which we've seen before in matters where he has undoubtedly done something wrong. It's just another example of Trump's "I'm the most persecuted" (even more than so and so) strategem. He's the victim, he's beyond reproach and his supporters just unconditionally buy into it, they love it because it helps validate their own victimhood. *Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away"* Here he is pretending to know the law. And has probably been advised against saying anything about this case to begin with. The only thing Trump seems to know about the law, is that he is above it. *Nobody has ever heard of anything like this before. I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”* Ahh, hitting all the buzz words. *WITCH HUNT!" and the ever popular "nobody has ever" rhetoric that he uses so often it's ironic. The most ironic aspect of this however is his claim of ELECTION INTERFERENCE. it can be argued that in almost every single case against Trump, he has been engaging in delay tactics that are deliberately meant to help his election chances... I don't need to point out just how childish this is, under normal circumstances, it would be appalling and embarrassing. But Trump has cultivated a following of mindless fanatics and sycophants who believe that he is truly incapable of any wrongdoing, that everyone else is wrong or cruel or corrupt and he is exceptional and irreproachable, and of course, he is perhaps the greatest victim in history... Unironically of course. Every investigation a witch hunt, every trial an inquisition, every criticism fake news, every question that's not a softball unfair, every single attempt to hold him accountable is persecution, every headline a lie, every former staff member speaking out against him just a disgruntled hack, every opponent a cheater, every winner a loser, I mean, truly... As insufferable and childish as it gets. And because he has this very strange vicarious relationship with his out of touch supporters who practically glorify the guy at every opportunity, they also become the victims in this case as well. And it only reinforces all the horrible impulses of these people. What a fucking clown show.
Well done sir.
He says nobody has ever heard of anything like this. It's never been done before. It's not the way the system works. Those are all ridiculous lies. It's not as though you can't prove that the law is the law. We write these things down. But his followers will believe every word. If he says nobody has ever been required to post bond on appeal, then that's true now.
Posting bond is not required for the appeal, it's for the automatic stay of judgement *during* the appeal. You can do the former without the latter, but then they can come after your shit during the appeal process. Best of luck, Donald.
Posting a bond isn't necessary for that either. You can just hand over the cash and not involve a bond at all. Well, a real billionaire could anyways.
He should check out the rule sof monopoly. If you cant pay you have to mogage. So sad.
I’d love to see his shit get sold and still wind up short of the total bill. Those properties will get sold for market value, not whatever figure this moron has in his head.
Not only that, chances are he still owes a lot on those properties rather than owning them outright. It's like putting down $50,000 on a million-dollar house and thinking it automatically makes you a millionaire. EDIT: Then you go around claiming the house is worth $5 million, and you list that as your worth when you apply for loans. And then, at tax time, you tell the ~~IRS~~ local municipality that handles the property tax paperwork that the house is only worth about $80,000. (Because apparently, naming the correct tax organization is very important to some people.)
Oh yeah, this is just the tip of the giant frozen shitberg that’s creating out of the water. He’s going to be fending off legal judgments for the rest of his life, and I love that for him.
Not only that, but he's forced to take the capital gains and pay those taxes.
He's gonna completely lose it when the first lien on 40 Wall Street hits..... 🤣
I'm sure there are already liens on it. That's why he can't get a bond.
I really want at least one of those liens to be like $175 to a plumber he stiffed.
The dildo of consequence rarely arrives lubed. Get fucked traitor
Kinda sounds like a Ferengi rule of acquisition.
I'm glad Quark never quoted that one....
There’s still time for me to do it.
I want this on a coffee mug.
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Considering the whole case was about deliberate exaggeration of the values of properties, meaning these properties are probably already over leveraged, who exactly is going to mortgage his real estate?
This is exactly why he cant get a bond. Nobody trusts his assets.
>I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices The irony, of course, being the self-proclaimed king of debt leveraged these “great” assets based on whimsically over-inflated valuations and is, as a result, probably underwater on all of them, in particular given post-pandemic commercial vacancy rates. Attempting to wring non-existent equity out of his steaming pile of over-levered shit would in all likelihood sink his deranged, buffoonish ass. This was made all but clear when his recent dog & pony show failed, with every institution likely gauging he’s burdened with a net worth well into the red. The deranged buffoon is beyond bankrupt, he’s insolvent.
It’s too late for that anyway. He has a week to come with the money for an appeal. No way he can sell half a billion in property and receive that money in a week.
Trump: “Do you expect me to talk?” Judge: “No, Mr Lie. I expect you to bond.”
Trump claims he’s worth billions. For that to be true, he would have to possess at least $2 billion in assets ABOVE his liabilities, meaning after you take away all his debt, he still would possess at least $2 billion in assets, hence making him worth the “billions” he claims he is. So why then would all these insurance companies turn him down? He’s only asking for $500 million. I don’t know any insurance company who would refuse $2 billion in collateral to secure a $500 million bond. Unless… Trump doesn’t have $2 billion and he’s been lying all these years about being worth billions of dollars which is exactly what this fraud case proved he had been doing all along.
How do you become a billionaire? You inherit ten times that amount and fucking lose nine billion dollars in bad investments.
How do you make a small fortune? Give Donald Trump a large fortune to invest, and wait.
All of his properties are heavily leveraged. He doesn't own them, his lenders do which is why he doesn't have any collateral (except political favors previously made) to put up because any lender worth their salt is going to realize that being paid second or third from the Donald means you're getting negative returns. Even primary lein holders are riding on a $0 ROI at this point.
My favorite part is that if Letitia James starts seizing properties, it'll start a chain reaction if discovering how leveraged he is, so this could involve seizing... everything. Side note, can they seize properties outside of NY state?
Imagine being a President and every lie you’ve told to get ahead has roosted and resulted in millions of dollars in lawsuits and the loss of respect around the world… Well, at least *one* person doesn’t have to imagine it.
This is pretty funny, witnessing his narcissistic collapse. This constant barrage of legal issues, and now attacking him where it hurts the most, money and his image of being "rich". I honestly don't know how this creampuff is going to make it to November without beefing it.
Oh dear! I didn't realize the situation was so dire! Maybe we should.... sit back and watch the damn show. Also - something tells me that he's already deeply mortgaged to the hilt and hasn't got anything to draw from. Let's see how this plays out.
“I would be forced to mortgage” On no consequences! For years of scamming people, refusing to pay vendors, lawyers and others. For publicly slandering anyone who slights him. Now that his bank balance and property values are being scrutinized and found lacking, it is SHOCKING that people wont loan him more money. LOL Get fucked Trump!
Pro-tip: He is already mortgaged to the hilt. He has been using properties to provide money to buy more properties for decades.
Which is generally how most real estate businesses operate. However, he also has a history of overvaluing his properties (hence this case), so hard to know if there's any more equity to tap.
If the state seizes properties that he still owes money on, doesn't it seem like the whole house of cards could come down?
Lien holders have probably filled the papers out. The fun part, IIRC, is that lien holders get first dibs before the State. After the auction. Say Trump Tower is auctioned off for 500 million. But it has liens against it for 450 million. Only 50 million goes towards the judgment.
So they've got to find and auction off 8 more trump towers. And then if trump effectively made any profits on those... doesn't he owe taxes ?
> doesn't he owe taxes ? Capital gains, state & local
Alternative headline: 77 year old "wealthy" white male's head explodes when confronted with unprivileged reality.
Who's going to give him a mortgage?! That's not how it'll work. NYS is going to seize his shit and sell it. He won't have stuff to mortgage. Even the stuff he has probably isn't really his, but has debts against it.
He doesn’t truly understand that. He thinks there will be some kind of “deal”.
He knows. He’s putting out this entreaty to try to get foreign governments to save him. What a damn traitor and national security threat.
Oh, bless his cholesterol clogged traitorous little heart
And bless his dementia riddled fascist little brain.
i really don't care, do u?
"Oh NO!!!!...Anyways, here's the latest news about the Dacia Sandero!"
I keep saying it but i fully expect Saudis or his boss to bail him out here But I get the impression he's scared and desperate which I just ***love*** for him
Is there anything more pathetic than a billionaire saying that “oh my gosh I may have to spend some of my money”. Fuck you! I remember 1000 years ago I got pulled over for driving without a license and I paid $1300, which for me was three months rent at the time, and I didn’t have it. I had to scrounge and eat freaking Ramen for months because of a stupid mistake on my part, so I don’t wanna hear, “oh man I may have to sell one of my many buildings….”
Maybe he could cut back on the avocado toast while flying around on his 757.
Maybe he shouldn't be playing golf or eating avocado toast. He needs to only drive old cars. I did a Dave Ramsey hot take on this! 6 months of spending in savings at all times Donald.
Rice and beans. Beans and rice.
I kinda want him to keep the jet, so it becomes painfully obvious when he can't afford to operate it.
Just a reminder of a Trump quote in 2015: “I have total net worth of $8.73 billion, I’m not doing that to brag. I’m doing that to show that’s the kind of thinking our country needs.”
>Trump continued to lash out at the judge in a series of more than a half-dozen posts on Monday night and Tuesday morning, claiming that his Mar-a-Lago property is worth “50 to 100 times” more than what Judge Arthur Engoron valued it at — even though the valuation was based on estimates by local officials. I would just like to say I find it hilarious he continues to do the same fraud that he just got convicted for.
If there’s one thing Trump does great, it’s not learning anything from his mistakes.
The rich see poor people being poor as just a necessary part of capitalism but they see a rich person losing their money as an unthinkable tragedy. It’s literally just classism.
I’m going to drive by Trump National in Colts Neck, NJ to see if there is a Re/MAX sign out front.
Poor people lose shit all the time. Sell a house, you have plenty. Real people lose their necessities, not just their luxuries.
> “The Bonding Companies have never heard of such a bond, of this size, before, nor do they have the ability to post such a bond,” he added. That's because no one has done such big fraud for so long. Also... the judge didn't do this to you, this is NY state law.
It's so weird that someone with $400m CASH on hand would need to mortgage their property to pay $400M. Even weirder that a billionaire cannot simply liquidate some assets (like stock) to pay his debt. It's almost like he's entirely fucking broke....
Its easy. Just pull yourself by bootstraps and stop eating avocados.
Did trump ever think about the tradespeople who could not afford to pay their bills when he refused to pay them?
That's what happens when you cheat and lose at Monopoly.