News

23267 readers

3807 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago

MODERATORS

[email protected]

490

Don't trust Trump's 'impossible' appeal bond claims, attorney general tells judges (www.cnbc.com)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

82 comments fedilink hide all child comments

KEY POINTS

Donald Trump should have pledged real estate to the courts if he were "truly unable" to secure a bond, the New York attorney general's office said.
Instead, Trump claimed it was "impossible" for him to get a bond using his properties, but did not provide any hard evidence for this, the AG's office said.

Donald Trump should have pledged real estate he owns as collateral against a $464 million business fraud judgment if he were "truly unable" to secure an appeal bond for that amount, the New York attorney general's office said in a court filing Wednesday.

Trump also failed to provide evidence supporting his claim this week that it was "impossible" to obtain an appeal bond by using the properties as collateral, a lawyer for AG Letitia James wrote.

"Defendants supply no documentary evidence that demonstrates precisely what real property they offered" to potential insurers," wrote Dennis Fan, senior solicitor general in the AG's office, in the filing to Manhattan appeals court judges.

Nor did they report "on what terms that property was offered, or precisely why" bond insurers "were unwilling to accept the assets."

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 14 points 7 months ago (1 children)

It was also testified in a deposition (or similar that would be perjury for lying, maybe not by Trump I can't recall) that he (or Trump org?) had 400million liquidity, so it shouldn't be that big of an issue for him to come up with it. Even if he had to deal with the defamation bond. So he (or his lackey) told the courts that they could cover it, I mean a real estate billionaire down 100million should be able to come up with 150million (sorry if math is off, liquidity - defamation bond - tax-fraud bond difference) from non liquid assets without too much work right? I'm sure some bond company would cover it with proper collateral anyways. Hah. These are the chickens coming to roost you orange turd.

[–] [email protected] 13 points 7 months ago* (last edited 7 months ago)

That $400 million is, apparently, “operating capital” intended to keep all of his business ventures working, and, without it, everything would cease to function. Which is plausible.

But who really gives a fuck? Certainly not the courts, nor should they. Also, he may not even have that left after getting that ~$90m bond for the E Jean Carrol case (another reason this judge isn’t listening to Trump’s cries for mercy). That bond probably cost twice that after all the fees.

He’s so superfucked.