And of course Trump's ego and inability to take even the slightest joke means only the gentlest little *poke* will yield spirals of rage and anxiety.
The first bond is secured against the contents of a bank account
All I know is "Don Poorleone" was trending yesterday....
Bank accounts he will lose control of either way later today unless he secures the bond.
If he declares bankruptcy then he loses control of the accounts , if he doesn't declare bankruptcy then the NY AG Office takes control of his accounts.
Bank accounts are the quickest and easiest thing to seize. There will be Court officers sitting outside the HQ branches of all the banks that Trump has accounts with waiting for the deadline to expire and the second it does they will hand over the court orders to the banks who will comply instantly.
All the bank accounts will be emptied and the proceeds transferred to an account under the AG's control until the get to the amount owed.
well if he doesnt pony up the money they have to move against his accounts and property or they lose all credibility...they would do it against most other business people...
They've already lodged the preparatory papers to begin the process.
The bank accounts are relatively easy - Serve the court order papers to the various banks and the banks empty the accounts pretty much there and then.
Property seizures are more complex and take longer and there are various delays built into the process - I think for example if they seize a property they have to wait 60 days or something before they can put it up for Auction.
And remember , all his accounts and property are under the control/oversight of the courts already and that oversight has been extended for another few years by the judge last week.
Good analysis, @Quin_Dub . A bit more detail here:
I especially liked the line, "The NY State AG office is the largest law firm in NY."
Includes some details as to why Maga-Lardo would be difficult to seize.
Poor Eric.
"Eric, buy me a burger. I've no money."
"Eric, but me some diet coke. I've no money"
"Eric, gimme your credit card. I've no money".
Whereas Don Jnr...
"Don, buy me a soda, I've no money."
"Who are you? I have no dad"
Sure...save Mar-a-Lago as a coup-de-grace at the end of all this. Let him watch his New York properties melt away, with one final nightmare of losing Trump Tower.
And then later on, when he has hopefully lost the election and is proceeding over the auto-canibalising caracass of the GOP...then when he's at his lowest ebb.....then take Mara-a-Lago from him.
So 4 o clock our time is the deadline, this is gonna be fun to watch.
I love Trumps latest line that he has 500m cash but was going to use it for the election.
And the media report this as fact. Whereas in reality Trump doesn't and never has used his own money. He has used GOP and maga money to cover his legal costs and any money he used in previous campaigns was loaned to the GOP.
Any normal person coming out with a statement like that would be hauled in front of a judge and be done for contempt of court
Stormy Daniel's payments trial starts at 1.30pm our time today too
You also have his lawyers trying the "well, what he actually meant was..." angle on that one to try and remove his giant foot from their mouths..
His attorney, Chris Kise told CNN that Trump wasn’t referring to cash he has on hand, however.
“What he’s talking about is the money reported on his campaign disclosure forms that he’s built up through years of owning and managing successful businesses,” Kise told CNN on Friday. That is the very cash that Letitia James and the Democrats are targeting.”
Although I really don't understand the distinction he's trying to make.
well, no. The bond is secured against the account. you are assuming that the account is controlled by the new york company at the center of the criminal case.
The fine/debt is Donald Trumps , not his companies.
So if he has an account that he controls with ~$90M dollars in it somewhere that he has had to give details of to the courts , then that account is fair game in pursuit of his debts.
I think we are all getting a bit carried away on this. Surely some sort of extension will be granted? A chance for an external auditor to review the position or simply to give Trump more time to secure a bond due to the high value nature of it?
This isn't based on anything other than Trump does seem to get given far more chances than any normal citizen would.
To be clear FTR it’s not a fine it’s a disgorgement of profits illicitly gained. MAGA wants to spin it as a fine
He's actually given the 30 days to gather up the bond amount as part of a lenient measure, they could've started started seizing his assets on the day of the judgement. So I don't think he will be given any more time
Exactly - If they were leaning toward giving him any kind of extension , it would have been given already.
The courts unlike Trump, don't tend to go for dramatic brinksmanship.
Unless Trump finds the cash before midday in NY or some last minute ruling from the appeals court, it's done.
Sean Spicer? Proven liar Sean Spicer?
The sean spicer who has probably never spoken directly to Biden? that sean spicer?
Read a post or two after that one.
Trump never gave a **** about rotting dead terrorist Ashli Babbitt new transcript reveals
It’s also a 4 year old link used before the last election
Appeals court just ruled, ten more days to put up a reduced amount of 175m.
Ffs
I knew it, the man gets away with everything
I saw a few on cnn predicting this yesterday…. Though 175 is a significant reduction
I posted the link to show Bidens real reasons for appointing Harris as against Spicer saying it was only because of her colour.
