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Post Info TOPIC: Trump


Tennis legend

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RE: Trump


Trump embarrassing himself in court today LOL

Trump in court:
Counsel: did you prepare the 2021 financial statement
Trump: I was so busy in the White House, focusing on Russia and China and keeping our country safe
Counsel: you werent president then

And some people think he is fit to be President again. Heaven help us.



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Tennis legend

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$354m !

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Tennis legend

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JonH comes home wrote:

$354m !


 He must have got a discount !



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Satellite level

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I realise age is only one factor to consider when selecting a President. Party politics, policies, track record etc are important considerations but I cant believe there are not any younger candidates available!



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Tennis legend

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the addict wrote:
JonH comes home wrote:

$354m !


 He must have got a discount !


 Apparently he has to pay interest back dated and with the previous judgement for the defamation Case, his total fines are $550m. To file an appeal he has to lodge that amount in escrow, in case he loses the appeal. He says he will appeal but I doubt he has $550m in liquid assets. So not sure he can appeal. 

 

any normal person , youd say they are rightly finished. Trump probably isnt, sadly - he will probably get 30 m supporters donating $20 each , pay the fines and have some pocket money. 



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Tennis legend

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JonH comes home wrote:
the addict wrote:
JonH comes home wrote:

$354m !


 He must have got a discount !


 Apparently he has to pay interest back dated and with the previous judgement for the defamation Case, his total fines are $550m. To file an appeal he has to lodge that amount in escrow, in case he loses the appeal. He says he will appeal but I doubt he has $550m in liquid assets. So not sure he can appeal. 

 

any normal person , youd say they are rightly finished. Trump probably isnt, sadly - he will probably get 30 m supporters donating $20 each , pay the fines and have some pocket money. 


 Still not a big enough fine - I doubt that will hurt him apart from his pride.



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Futures qualifying

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Nothing hurts his pride. He is immune from that sort of thing - his pride is self-sustaining.

What bothers me the most about him is that (for example) "defence" he has a point about NATO: other NATO members don't feel pressured to make their full contribution because they know that those few that do will do all of the "defence" even if they don't pay their way - this isn't a sustainable model. There is a similar grain of sense in a lot of his lunatic rantings. We shouldn't need a psychotic madman to point out the blindingly obvious.

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Tennis legend

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JonH comes home wrote:
the addict wrote:
JonH comes home wrote:

$354m !


 He must have got a discount !


 Apparently he has to pay interest back dated and with the previous judgement for the defamation Case, his total fines are $550m. To file an appeal he has to lodge that amount in escrow, in case he loses the appeal. He says he will appeal but I doubt he has $550m in liquid assets. So not sure he can appeal. 

 

any normal person , youd say they are rightly finished. Trump probably isnt, sadly - he will probably get 30 m supporters donating $20 each , pay the fines and have some pocket money. 


It's misleading that the papers say he has been 'fined'

This is not a criminal court where fines are imposed

He has been ordered to disgorge profits that were unfairly gained

The amount of interest is different for each order because they date to different years

i.e. taking the two biggest amounts, the $168,040,168 amount is dated back to 2019 whereas the $126,828,600 amount is only dated back to 2022

He doesn't need liquid assets if he posts a bond (as he can use the other assets as collateral) while he appeals (which he will certainly try to do)

But that requires finding a bond company that will accept him (and he is prohibted from borrowing money from NY institutions). However, if he over-collateralises it, he surely should find some company who will lend (or someone like Elon Musk will do so)

 



-- Edited by Coup Droit on Saturday 17th of February 2024 08:11:51 PM

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Tennis legend

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Interestingly, he has also been banned from running any company.

Can anyone explain to me how someone deemed by the courts to be unfit to run a company, is deemed fit to run a country ?

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Tennis legend

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Only banned from running a company in New York
But, yes, begs a few questions.......

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Tennis legend

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Posts: 38361
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Coup Droit wrote:
JonH comes home wrote:
the addict wrote:
JonH comes home wrote:

$354m !


 He must have got a discount !


 Apparently he has to pay interest back dated and with the previous judgement for the defamation Case, his total fines are $550m. To file an appeal he has to lodge that amount in escrow, in case he loses the appeal. He says he will appeal but I doubt he has $550m in liquid assets. So not sure he can appeal. 

 

any normal person , youd say they are rightly finished. Trump probably isnt, sadly - he will probably get 30 m supporters donating $20 each , pay the fines and have some pocket money. 


It's misleading that the papers say he has been 'fined'

This is not a criminal court where fines are imposed

He has been ordered to disgorge profits that were unfairly gained

The amount of interest is different for each order because they date to different years

i.e. taking the two biggest amounts, the $168,040,168 amount is dated back to 2019 whereas the $126,828,600 amount is only dated back to 2022

He doesn't need liquid assets if he posts a bond (as he can use the other assets as collateral) while he appeals (which he will certainly try to do)

But that requires finding a bond company that will accept him (and he is prohibted from borrowing money from NY institutions). However, if he over-collateralises it, he surely should find some company who will lend (or someone like Elon Musk will do so)

 



-- Edited by Coup Droit on Saturday 17th of February 2024 08:11:51 PM


Re the bond system, how does that work? Ie they put down the 1/2bn. And he pays a fee for that (eg 10%). If he wins the appeal the bond company get the collateral back and keep that fee? If he loses the appeal, the courts take the 1/2bn , Trump is then on the hook to pay the bond lender the bond back or lose the property (presumably?) he put up as collateral.

for the Jean Carroll case, has he appealed yet? That was $85m damages plus the courts require some on top to cover the fact the appeal may lead to an increase in the damages? How long does he actually have to appeal? presumably there is a fixed time period (a month?) for that and also for the fraud case?  



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Tennis legend

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Heres how they explain it on Politico - so 20% hed need to find, rest from a bond company. And he needs to pay the first amount in about a weeks time into the escrow account.

For the more recent Carroll verdict, which Trump has also vowed to appeal, 111 percent of the judgment would be $92.46 million. Trump has a 30-day window after the Jan. 26 verdict to either pay cash into the courts escrow or get a bond while he appeals. If he chooses to file a bond, he will likely have to pay a 20 percent deposit ($16.66 million) and put up collateral, but it could come with fees and interest, making it more expensive in the long run. And it would require Trump to find a third party willing to take on the risk of loaning him money.

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Tennis legend

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I read Trump has posted bond in the Carroll defamation case with support from Chubb.

CNN reported - Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.

The bond size is greater than the judgment because the district court generally requires a party to post 110% of the bond.

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Tennis legend

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Verdict reached - whats it going to be?! History in the making

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Club Coach

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Guilty on all 34 counts

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She/her

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