Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of a $454 million civil fraud judgment while he appeals, suggesting the former president’s legal losses have put him in a serious cash crunch.
I'd like to know whether or not non-rich folks who can't afford an appeal bond in civil cases get to have the bond waived. I'll hazard a guess that the answer is "no".
Another question: Why can't he take out loans on some of his properties and raise the cash that way? He claimed, in court, that Mar-a-Lago was worth over a billion, so why not use that to float a loan?
The answer to that question is probably two-fold. First, his properties really aren't worth what he thinks they are and none of the lenders are willing to take his word anymore. Second, he's probably already leveraged them to the hilt, so he can't extract any more cash from them.
Meanwhile, he's ranting like the wannabee dictator he thinks he can be. He wants to throw those who investigated his autogolpe into prison. He's promising to free the J6 insurrectionists, including those who assaulted cops.
As an aside, his coup-buddy in Brazil has been indicted for falsifying public data. An indictment for his own coup attempt is likely forthcoming.
He's not the only one ranting like a crazy person. Some loony-tune Republican in North Carolina who is running for statewide office has been calling for people she doesn't like to be executed. Republicans have been infected with a crazy virus.
Don't vote for them. For any office.
6 comments:
They are infected with prion disease unleashed when Reagan fed Republicans with monkey brains. (Courtesy of Charlie Pierce.)
I want to see Letitia James's face as she gets all TOFF's properties or holdings in them sold.
Each time the gavel comes down, I'll toss back a very small finger of Yamazaki Single Malt. It'll be so much smoother than the burn the orange idiot suffers.
I vote for the independent monitor... just maybe we then get straight answers about what hes really worth.
My bet everything is mortgaged to the teeth. Also any real
cash is offshore,
Eck!
I was struck by the mention in Trump's lawyers' grief that they spent "countless hours" seeking funding for a bond. Where did they find lawyers who have ever missed a single billable hour in their careers.
Where did they find lawyers who have ever missed a single billable hour in their careers.
No lawyer I ever knew, especially when working for a billionaire.
Batocchio featured this post in Mike's Blog Round Up at Crooks and Liars.
-Doug in Sugar Pine
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