Payback is a bitch, and she’s in heat Rowdy Roddy Piper They Live
A couple of weeks ago, when the terms of the NY state civil fraud case were finalized, and Judge Engoron signed the settlement into the official record, former Assistant US Attorney Harry Litman, a MSNBC legal anylist, was explaining what most likely came next;
Trump now has 30 days to come up with a $455 million surety bond. Granting that he can put the equity together, he’ll present the bond to the court, and appe4al the ruling on his case. Once he does that the appeals process will begin. Average time for an appeal in the New York system is 18-24 months before final ruling. At that point, if Trump loses, he will have 30 days to come up with the cash, or the bond will be forfeited, and he loses the 20%. So don’t look for anything to happen for the next 12-24 months.
News Flash! You can most likely throw that timeline out of the window. Litman was spot on with the normal timing, but he made the fatal mistake. He assumed. And what is the time old adage? When you assume, you make an ASS out of U and ME. If today’s new filing is anything to go by, the final resolution of the Trump fraud case could be closed in less than a year.
In a 1500 page filing today, which is almost twice as long as a Stephen King or Tom Clancy magnum opus, and a sh*tload less entertaining, Trump’s legal bottom feeders finally had to come out and admit to the world what I’ve been saying for months.
Trump. Is. A. broke. Ass. Bum. The filing, in as gentle and non confrontational of language as possible to spare Traitor Tot’s now shriveled ego, advised Judge Engoron that raising the $455 million bond was a mathematical impossibility. They bemoaned that the penalty amount was far larger than any penalty against a privately owned company in history.
And then El Pendejo Presidente’s lawyers went into the kind of detail that was sure to have him looking around for a fainting couch. They disclosed that His Lowness had come up with the $89.5 million for the E Jean Carroll bond by hitting up an undisclosed equity account with Charles Schwab. This put him over the border into Tap City. They went on to disclose that Trump had gone to four surety bond companies, as well as another 30 bail bond brokers, and none of them would touch him with fire tongs.
And here’s where payback comes in, and she’s not just in heat, she’s ready for an orgy. All 34 of the rejections had a single common thread. In order to issue the bond, they all required that Trump subwrite the bond with cash or cash convertible securities. Not a single one of them would allow Trump to use deeds and titles on properties he owned as collateral. Cash-and-carry only Mofo.
Ain’t that a bitch?! Trump sat through a multi month long trial that alleged that his precious Trump Organization was nothing more than a real estate boiler room, inflating and deflating assets to rip off banks and insurance companies, Gets found guilty and nailed for some $455 million, and when his chestnuts are roasting over an open fire, he can’t figure out why bondsmen and brokers don’t trust his valuation on his properties?!
I saw this coming months ago, and even warned y’all about it. In order to use real estate property as collateral for a loan or bail bond, it has to be unencumbered. Meaning you have to own it free and clear, with no liens or attachments to it. And as I’ve explained, I have never believed that Trump owns so much as a parking lot that doesn’t have an equity loan or 2nd mortgage attached to it. Which disqualifies it as a form of collateral.
F*ck 18-24 months. Trump has until close of business on March 25th to present his surety bond to the court to stall the process, and initiate the appeals process. And NY AG Letitia James has already made it gleefully clear that if Trump doesn’t supply that bond on March 25th, and doesn’t have the resources to make good on the judgement, on March 26th she’ll be in court to open the process to seize his assets in order to satisfy the court judgement.
Hold your breath for one week. If he doesn’t manage to scrape together that surety bond, starting on March 26th James is going to go to court with a list of assets to seize to repay the debt. And you can bet your ass that someone as careful as Letitia James has had a room full of real estate lawyers looking with avaricious eyes at everything Trump owns, looking to cherry pick the best for auction to satisfy the debt.
But there may be one possible out for The Mango Messiah. I wrote recently about how, at the twilight of his life, Trump is finally living his Slobfather fantasy by running a bust out joint on the RNC. It’s not too late to live that fantasy from the other side. It’s probably not too late for Il Douche to get a hold of Vinny the Chin and try to cut a deal. After all, what could go wrong?
I thank you for the privilege of your time.
The RNC itself is in the financial hurt locker and was before Trump took it over. Rich donors were justifiably afraid Trump would force their donations to be directed to his personal legal expenses instead of funding Senate, House and state level races. So they’ve been trying to work out how to contribute directly to candidates to make sure their money goes where they want it to go. Individual donors? Well, Trump has been sucking up all that small donor money already and lot’s of them are tapped out already. And, given the number of fundraising emails they get from him every day why would they send small donations to the RNC instead? Hell, they probably worry some “deep state” types Trump hasn’t identified and purged might direct that money to someone other than Trump so they’ll stick to sending what they can to Trump directly.
Lastly, I’m amused by mega donors trying to figure out how to HIDE donations to Trump! Sure, they want him to give them another tax cut and gut more regulations but they don’t want their names or that of their businesses associate with Trump. That’s harmful to their bottom line and would be way more so if he doesn’t win. And they aren’t sure he can!
His lawyers argue that the properties are so valuable there is no risk Trump cannot pay, right after they claim that they are not valuable enough to secure Trump a bond.
They lost this case, in which it was quite clearly proved they committed fraud by telling two different stories about values to two different groups of people.
So, incredibly, Trump gives a perfect example of why the judge ruled against him, and unbelievably outdoes himself because on this occasion he tells two different stories about value to the same person, a judge.
It’s like the Schrodinger Cat defense. It’s either one or another or both, at the same time.
Get him on perjury charges! The guy blinks a lot when he lies.