Kraken Loc: Barry's Bay

robertjerl Loc: Corona, California

You realize that a ruling that extreme's chances of living through the appeals process is Slim and None. Slim moved back to Texas last month, so that leaves None.

Especially since he made rulings on people not even legally involved in the case.

Shutterbug1697 Loc: Northeast

It's been a long time in coming, but the results hit the mark.

Essentially the trump businesses have been brought to heel. trump has finally been held accountable for his actions!

One more civil case down, four criminal cases to go.

$ 5,000,000
$ 83,300,000
$355,000,000. But interest in this case brings the prejudgement interest up, and increases the current total due to $455,000,000 as of the time the judgement was handed down. The interest rate is currently 9% on the judgement, and some of the dates go back to 2019 from where the interest is accumulating.

$543,300,000 that's a heck of a lot of money which trump has got to poney up and pay out.

But absolutely no trump business decisions can be made without going through the court appointed monitor, his wings are clipped.

trump is already trying to fundraise off of this court decision. Unfortunately the amount of money trump needs to raise for these three court cases is going to be nearly impossible to meet. Between the amounts owed on the loans on the properties, the capital gains taxes which will be due on the sales of the properties, there's going to be very little money left to put towards the amounts owed in these cases.

Even if all of the properties were sold, it's highly unlikely that trump will be able to come up with even a quarter of the amounts due in these cases. In order to file an appeal, there needs to be a bond posted at, if memory serves me correctly, 120% of the findings. Don't forget that interest is compounding on what's owed in these cases. The longer it takes trump to start paying up, the larger the sums owed will be.

Very few to no one in their right mind will be willing to front a bond to trump at this point with so much money due in these cases.

Any bank licensed to do business in the State of New York is prohibited from doing business with any of the trump businesses under djt's, djtj's, or eric's management for 3 years.

trump, to put it bluntly, is screwed!

Kraken Loc: Barry's Bay

Yes, but obviously he is a good businessman.

I think I just heard his Father turn over in his grave.

McKinneyMike Loc: Texas

He will have to post the bond in the full amount to begin the appeal process. He is going to have to pony up a pant load of money!

DaveO Loc: Northeast CT

The cult will take care of their wounded t*****r.

rwoodvira

I never worked the bond side, but looking it up on the net, the rates are between 0.30% to 4% of the amount.

Here are the problems with those rates.
1. I'm guessing, but I sincerely doubt that one carrier will be able to post the full amount of $355 million; so it may have to be shared between carriers.
2. Will the bond holders require collateral - this is a problem depending on how the collateral is valued (the judge's vs Trump's vs an outside opinion) with assets that are already leveraged with banks. How much that is is anyone's guess. I would also think that Trump's major creditor, Deutsche Bank, would already be concerned on the "real" value of Trump's assets.
3. Most of Trump's financing is outside the US - domestic banks got really screwed by Trump's previous bankruptcy.
4. Alternative players would be Russia and China - not good for a potential P**********l candidate.

Anyway you look at it - the bond cost for this and the other losses will be in the millions.

Texcaster Loc: Queensland

They'll look after the old timer alright, right down to the last tub of bronzer.

"The poorly educated owe me around $500 mil! Pay up patriots!"

DaveO Loc: Northeast CT

"It's a witch hunt!"

Boohoohoo!

Shutterbug1697 Loc: Northeast

It's actually 120% of the amount which either needs to be posted as cash by trump himself plus interest, or a bonds person has to agree to front that 120% plus interest.

There's also an IRS audit which looks like they're looking for over $100,000,000.

Actions have consequences, and those consequences are finally catching up with trump.

Shutterbug1697 Loc: Northeast

To the tune of over half a Billion?

Those uneducated trump cult members don't have that kind of money on short notice.

It's more likely that trump will turn to foreign money, which sets trump up as a national security risk.

Shutterbug1697 Loc: Northeast

For this case alone, the amount with the already accrued interest is already over $463,900,000 for trump and his adult sons.

The interest is running $1,000,000 per week on the three cases.

trump can't take out any more loans unless they're run through the court appointed monitor, and they can't be written by any bank which is registered to do business in the State of New York.

Any foreign financing poses a national security risk.

There are very few trump owned properties which can be sold and bring in much cash because the trump businesses are so heavily financed. Then there's the capital gains taxes on any cash trump might garner from a property sale, which needs to be paid.

trump only has 30 days from today to put up the money to file an appeal in this case.

There's also a NYT case settlement for which trump owes $400,000 plus interest.

Plus there's the frivolous Hillary Clinton lawsuit where trump and his attorneys owe about $1,000,000.

https://abcnews.go.com/US/wireStory/trumps-legal-debts-top-half-billion-dollars-pay-107311283

DaveO Loc: Northeast CT

Guess you missed the intended tongue in cheek, my mistake. No pontification needed.

bobscho Loc: On The Delaware River

God Damn, Karma is real....

DaveO Loc: Northeast CT

Talk nice as I've got a pic of Mom in my pocket!