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Cimber posted:So, thats close to half a billion in cash Trump has to come up with to appeal these various cases. 78 Mill for the defemation case, 350 for this case...thats gonna loving hurt. How is he going to cough up the cash for this if he can't take out any loans? A lot of money. I think 80 mil? How does one run for president with this ?
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Feb 16, 2024 22:02
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Pillowpants posted:How does one run for president with this ? Don't bother traveling anywhere and just never leave the fox studios? I'm sure they will be willing to make him his own little room.
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Feb 16, 2024 22:04
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Cimber posted:Well...hey Vlad, I got some documents in the bathroom of my golf club, you interested? For better and worse Vlad is a bit busy buying ammo from Iran and North Korea, and defenestrating his political opponents, I don't think he has the time or resources to help his orange buddy like the good ol days. Oh and does POTUS count as serving a "legal entity" in New York? Asking for a friend.
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Feb 16, 2024 22:14
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Pillowpants posted:A lot of money. I think 80 mil? You get your corrupt daughter-in-law named as co-chairman of the RNC and then you drain their treasury dry
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Feb 16, 2024 22:17
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Orthanc6 posted:For better and worse Vlad is a bit busy buying ammo from Iran and North Korea, and defenestrating his political opponents, I don't think he has the time or resources to help his orange buddy like the good ol days. Pretty sure Putin would just make sure Trump's next few meals have polonium seasoning rather than foot that bill.
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Feb 16, 2024 22:19
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zoux posted:You get your corrupt daughter-in-law named as co-chairman of the RNC and then you drain their treasury dry I'm not unhappy with that outcome TBH
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Feb 16, 2024 22:19
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Cimber posted:I'm not unhappy with that outcome TBH We should let this play out, see how it goes
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Feb 16, 2024 22:28
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mdemone posted:We should let this play out, see how it goes Given everything else we've seen, I think we can guess how it will play out: in the stupidest way possible.
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Feb 16, 2024 22:31
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Pillowpants posted:A lot of money. I think 80 mil? It's more like 100M but who's counting
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Feb 16, 2024 22:33
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Pillowpants posted:A lot of money. I think 80 mil? To appeal his verdicts he has to post (by my calc) $540 million in escrow. No one is going to lend him that given the verdict, his history and his attempts to gently caress over people coming after him by getting back into office. No one is going to give him that because it is half a billion dollars that the court would have, so they'd have no way to get it back from him. Can he even sell properties to make up the money? No way he has it in cash, and his licenses are revoked so he can't earn it 'legitimately'
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Feb 16, 2024 22:33
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I guess this means that more NFTs are coming soon!
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Feb 16, 2024 22:34
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I suppose one complicating factor is that the RNC is almost completely broke because big name donors don't want their money going to pay for Trump's legal fees https://twitter.com/rpyers/status/1752914377395851642
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Feb 16, 2024 22:35
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Oh that's awful news for the RNC.
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Feb 16, 2024 22:37
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zoux posted:I suppose one complicating factor is that the RNC is almost completely broke because big name donors don't want their money going to pay for Trump's legal fees mmm, couldn’t happen to a nicer party
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Feb 16, 2024 22:37
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zoux posted:I suppose one complicating factor is that the RNC is almost completely broke because big name donors don't want their money going to pay for Trump's legal fees I think I just came.
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Feb 16, 2024 22:37
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Lol lmao. Nay, roflmao. Lol. So all of his finances are locked up, he owes half a billion dollars in various civil damages and he can’t get a loan or do business in New York. What the gently caress does he even try to do now? He can kick up a fuss, maybe get some stochastic terrorism going, but he’s got all the criminal cases coming down the pike, with lawyers he needs to pay. He’s (nominally) got a campaign to run. Dude is fuuuuuuuuuucked.
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Feb 16, 2024 22:40
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zoux posted:I suppose one complicating factor is that the RNC is almost completely broke because big name donors don't want their money going to pay for Trump's legal fees 
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Feb 16, 2024 22:41
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Comstar posted:My bet is $460 million. mdemone posted:With interest it comes to about 460M
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Feb 16, 2024 22:41
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There's always his PACs I suppose, but he's squeezed almost all the blood out of those turnipsquote:Two of Trump’s committees, Save America leadership PAC and the Make America Great Again PAC, spent $55.6 million on legal bills in 2023, including $29.9 million in the second half of the year, according to the new reports released Wednesday. $70 million is less than $380 million right https://twitter.com/joshchafetz/status/1758589265179512848 We could probably buy multiple Alaskas for what he's about to shell out zoux fucked around with this message at 22:48 on Feb 16, 2024 |
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Feb 16, 2024 22:42
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In lighter news, his sons also got hit with $4M fines.
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Feb 16, 2024 22:54
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so really, how do they get this money out of him? like if he just goes "i'm not gonna pay" do they seize assets? like how far does he get away with saying "nah"
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Feb 16, 2024 23:07
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They have basically already seized the various companies, no? The caretaker was just waiting for the end of the trial to start liquidating things to pay the judgement.
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Feb 16, 2024 23:09
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Levitate posted:so really, how do they get this money out of him? like if he just goes "i'm not gonna pay" do they seize assets? like how far does he get away with saying "nah" If he says "I'm not going to pay" the court says "that's fine, we weren't asking you," and the court-ordered authority already in charge of his finances says "yes sir Judge, whatever you say" If there wasn't the court-appointed authority, the court would direct those orders to the banks instead and the banks would say "absolutely Judge sir, please don't fine us a compounding per-day fee or anything like that"
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Feb 16, 2024 23:10
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D&D>Trump legal troubles>Make Trump Bankrupt Again
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Feb 16, 2024 23:16
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Virtually all of Trumps wealth is tied up in NYC. He's locked in here and he has no way out.
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Feb 16, 2024 23:16
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So is there any real chance that Trump loses Trump tower? Or Mar A Lago? I'm getting a chub just thinking about it.
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Feb 16, 2024 23:16
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mdemone posted:With interest it comes to about 460M Yeah it seems that part of the ruling is that there's interest per year since the year of each piece of the fraud, hence the $460mn tag. It takes the sting out of my $435mn guess being wrong that the actual judgement was higher.
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Feb 16, 2024 23:18
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The Truth Social SPAC merger got SEC approval yesterday which should be a huge windfall, except those funds are currently locked up until November at the earliest.quote:The Securities and Exchange Commission has approved the merger proposal of former president Donald Trump’s media start-up with a special purpose acquisition company, a critical step for a long-delayed deal that would make the owner of Trump’s website Truth Social a publicly traded company and unlock $300 million in investor funds. I think they'll let him sell early but I guess we'll see what happens in between now and then.
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Feb 16, 2024 23:20
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Xiahou Dun posted:Lol lmao. Nay, roflmao. Lol. And yet there are at least 70 million people who will vote for him
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Feb 16, 2024 23:22
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So when he ignores the judgement and just doesn’t pay, what’s the next step?
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Feb 16, 2024 23:23
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The Lone Badger posted:So when he ignores the judgement and just doesn’t pay, what’s the next step? ElegantFugue posted:If he says "I'm not going to pay" the court says "that's fine, we weren't asking you," and the court-ordered authority already in charge of his finances says "yes sir Judge, whatever you say"
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Feb 16, 2024 23:25
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so with the defamation award, we are looking at a half-BILLION dollars of judgements he needs to appeal, and all of it poo poo that he can't throw out when he's president. Oh, and he can't raise money with any bank chartered or registered in New York. I gotta say, this sucks for Citizen Trump. AND I LOVE EVERY loving MOMENT OF IT.
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Feb 16, 2024 23:28
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Levitate posted:so really, how do they get this money out of him? like if he just goes "i'm not gonna pay" do they seize assets? like how far does he get away with saying "nah" Yes, they will start to seize his properties and assets. No, this will not happen soon.
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Feb 16, 2024 23:29
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Tesseraction posted:Yeah it seems that part of the ruling is that there's interest per year since the year of each piece of the fraud, hence the $460mn tag. One estimate I saw calculates he's paying $87000...per day. You could make an entire movie called Smokey and the Bandit and it would be every single day.
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Feb 16, 2024 23:40
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So if Trump can potentially net $4b from his Truth Social merger, how damaging is this in the long term?
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Feb 16, 2024 23:44
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Not even Elon would pay 4b for truth social.
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Feb 16, 2024 23:47
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He doesn't need to, they're doing a SPAC.
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Feb 17, 2024 00:03
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small butter posted:So if Trump can potentially net $4b from his Truth Social merger, how damaging is this in the long term? His shares are worth $4bn *on paper* at the current valuation, which has been driven to insane heights by crazed retail investor chuds. If the lockin agreement is waived and he starts dumping the stock its value will quickly plummet and he'll be lucky to get $400m. It is a potential way out, though.
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Feb 17, 2024 00:03
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The Lone Badger posted:So when he ignores the judgement and just doesn’t pay, what’s the next step? The court appointed a monitor to his business. They get to start seizing assets.
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Feb 17, 2024 00:04
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Curious to what extent the ensuing investigations and today’s judgement were coincident with or a consequence of the expose published by the NYT detailing much of the fraud that was targeted in this fraud case. Does this happen absent that expose? I’m bitter about NYTimes coverage during the Trump era but do I really have to give it to them on that one?
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Feb 17, 2024 00:05
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