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.”
He can’t get a bond against his properties because he’s over leveraged up the wazzooo on all of them.
That’s his whole financial shtick, he gets loans against his properties until they come calling for him to repay, then gets more loans somewhere else to pay of the old loans.
That worked for him for the longest time until western banks got wise of this (either because he stiffed them or because he’s still paying of his loans with them) and the only places he could lend from to repay the Western banks are questionable money sources.
So now he’s in debt with everyone from legit banks to dark money sources and can’t get anyone anywhere to lend him any more, especially not half a billion.
We can only hope a bunch of them start defaulting him on his loans and confiscating his properties, so that that whole house of cards starts crumbling down.
Well, it looks like the People of the State of New York are gonna be the first to the trough. Fuck those Russian gangster pricks and billionaire bankers alike. Let them eat ash.
Not that I don’t believe you, but do you have links for the dark money bit? I realize they may not exist.
Hope he defaults on his loan to a cartel or something.
His son, the dumb one, said they get all the money they need for funding out of Russia. Who do you think orchestrates that funding?
Yeah, that seems like the mostly likely route to him actually experiencing consequences.