Does FAFO have nuts and raisins, anybody know? I think it must be hard to swallow, in any event, because Donald Trump seems to be choking on the FO portion of the meal that he made for himself, lo these many years, and is finally having to choke down. FAFO is usually served with a side order of Consequences, which is something that the yous and mes ingest daily and have all our lives. We understand that each action we take has a consequence and we govern ourselves accordingly. Trump differs from you and me in that regard. FAFO also must have a lot of fiber, because Trump is positively shitting a brick this morning.
As you well know, Trump processes his feelings on social media. This was his first post of the day and clearly the day is not off to a good start. It’s pretty obvious here what has happened. He counted on his lawyers being able to get a stay of execution and they were not able to do so. As of Monday, which is 1.5 business days away from the time of this writing, Trump has to come up with $464M dollars or Letitia James is going to begin to seize his properties. She has already begun the preliminaries and details are below.
It has undoubtedly been explained to Trump multiple times that his best and only rational option at this point is a reorganization bankruptcy, but he doesn’t want to go that route for obvious reasons. He can’t be playing billionaire mega-God for the MAGA troops and be declaring bankruptcy at the same time. If Trump wasn’t running for president, he would declare bankruptcy for a seventh time in a heartbeat. But he can’t do that in the seventh month before a presidential election. So he is SOL, screwed, blued and tatooed. Meanwhile, the attorney general moves forward.
New York Attorney General Letitia James is already making preparations to seize former President Donald Trump’s properties in New York’s Westchester County as the Monday deadline for him to post bond in the civil fraud judgment draws near.
According to Bloomberg News, “New York state’s $454 million judgment against Donald Trump in a civil fraud lawsuit was formally registered in Westchester County just outside Manhattan, a sign that his properties in the area may be at risk of being seized if the former president fails to post an appeal bond.”
The report states, while the filing didn’t specify a reason for the registration, it is the first step to allow James to secure property liens — and there are two valuable Trump properties in the affluent Westchester County: Trump National Golf Club Westchester, and his Seven Springs estate, a 212-acre resort complex that is partially undeveloped.
“James has said she’s prepared to start seizing Trump assets if he misses a March 25 deadline to post a bond for 120% of the judgment to put it on hold while he appeals,” noted the report. “She hasn’t started that process, and the registration in Westchester County doesn’t automatically mean she will attempt to seize the properties.
“It’s nevertheless a clear sign they’re at risk.”
This portion of the Trump saga is going to be positively Shakespearean. Again, the man has lived a consequence-free life. He runs his mouth without consequence — or did, until E. Jean Carroll finally taught him a lesson — he has stiffed people all his life, lied all his life, and that’s how the Trump Organization fraud trial was decided against him. Now he has to pay. He will not win on appeal, and his efforts to kick the can down the road are futile.
He does not have an appellate lawyer, unless that information is buried somewhere. He did make a few feeble motions towards securing one, but if he actually hired somebody, it’s being kept Top Secret at this time. Plus, if there’s a reversible error that took place during the trial, all the experts who watched it like a hawk, have been unable to detect it.
What is comical here, is that Trump is mewling and wailing and complaining that this is “lawfare” and a “witch hunt” and all that is taking place is that he has been found liable for fraud and the exact same penalties that would be assessed against John Q. Public have been assessed against him — and he can’t stand it. He’s always been special, he’s never been John Q. Public. He’s been above the law. Until now.
Sorry you have to learn what it is to be an adult at the age of almost 78, Donald. Welcome to our world. This is why we don’t fuck around. Because we don’t want to find out what it is to lose everything.
If you’ve forgotten Jon Lovitz or The Liar, here’s who Trump is comparing Arthur Engoron to this morning.
It’s called projection. Trump alwaiys accuses others of having what actually are his own failings. How many lies by Trump did WaPo catch during Trump’s term in office?
I am extremely good at reading body and facial language, and as a result, I can no longer bear to watch Trump say ANYTHING. It’s always lies. Always, always. The man is totally twisted.
Now where did I put the world’s smallest violin for a mournful tune of sympathy?
Please answer this; if he wins the appeal, wouldn’t his bond be refunded?
Yes however he lies. MAGAs love his lies and think “ that’s why he does not want to pay in and appeal”
Not all of it. The bond agent will collect a fee for putting up the bond. The most common form of bond we’re all familiar with is for criminal cases. Let’s say some goober finds out his gal banged a buddy, and he seeks the dude out a bar he likes and walks in with a pipe or baseball bat and take a few whacks at him. He gets arrested and taken before a judge. If he hasn’t been in too much trouble before the judge, probably over the proseuctor’s objection will allow him to go free pending trial by putting up say 5k, “cash or bond.” The goober’s money is all tied up in his “Monster Truck” and he doesn’t have that kind of money so he needs a bail bond agent to guarantee the money. Ten percent is the standard which in this case is 500 bucks. If the guy doesn’t have it or can’t get a relative(s) or friends to loan him the money he sits in jail until trial. If he CAN pay the bail bond person they will put up the 5K bond to the court to guarantee the guy shows up for trial. (If he doesn’t they’ll hire a bounty hunter to track his ass down) Let’s say the guy shows up in court when he’s supposed to. The bond agent is off the hook, BUT they keep the five hundred bucks for putting up/risking 6k in the first place. (If the guy doesn’t show in court then the bond agent eats the five grand – has to pay it to the court so they try to make “good bets” when agreeing to put up a bond for someone. Otherwise they’ll go out of business but if they are good judges of character they make out VERY well financially)
The same would be true for Trump with this bond we are now talking about. No reputable bond agent is going to put up a bond, especially one of that size for free. Trump is going to have to come up with a rather substantial amount upfront to THEM which for this type of bond could be anywhere from five to twenty percent of the whole nut depending on the level of risk they think they might be taking. Worse, if there’s a provision such as with the Carroll bond that if Trump loses the appeal he has to satisfy the judgement within 30 days of losing the appeal that means the company that puts up the bond would be on the hook. They are sure as hell going to want collateral and a batch of properties that already have liens against them isn’t going to cut it. They are going to want cold, hard cash and my guess is at least twenty percent of the bond they have to put up. Which they WILL keep. That last part is what probably has Trump in such a foul mood. He probably, until the Chubb business thought like you did – that after he won (fat chance of it but this is Trump and he’s maybe convinced himself he will actually win on appeal) he’d get his money back. Now he knows he WON’T. Even if a bond agent only required him to come up with ten percent to underwrite a bond that’s still 45 million bucks. For starters he probably not only doesn’t have it but can’t get anyone (so it seems) to loan it to him. If they want twenty percent or even more then double that. At least. And one way or another that money will be GONE. He’ll never get a penny of it back. Even if he wins his appeal or sees the amount of the judgement reduced on appeal! His gut reaction would have been “Fine. I’ll SUE them to get it back.” but he knows the system, how long it would take and how unlikely it is he’d win.
Well, I hope this explanation was entertaining for you. It certainly was for me to write it.
just don’t get the Bnkruptcy talk….some lawyers say he can’t file because it’s civil, others say he can. either he can or he cant….someone PLEASE verify!!!