Trump on NATO:
“‘You didn’t pay? You’re delinquent?’” Trump recounted saying. “‘No, I would not protect you. In fact, I would encourage them to do whatever the hell they want. You gotta pay. You gotta pay your bills.’”
Trump criticizes Trump
Are they actually going to have the spine to throw his ass in jail if he misses the payment? How long do you have to be poor before they start enforcing the law?
I don’t think jail is on the table because it’s a civil case. Instead, they would begin to seize property and assets.
Property seizure, I think.
Didn’t throw him in jail that would cause riots. Start seizing property and auction it publicly.
He’s going to incite riots either way. Let’s be honest.
Doubtful, the easiest way to collapse a cult of personality is to have cult tear them apart. In this case his fanatic fanbase will bleed him dry to own something he owned, imagine if a neo Nazi could have owned Hitler’s brush while Hitler lived. They would legit never shut the duck up about it and would brag to everyone, same things applies here.
It’s half a billion dollars, Michael. How much could it cost?
It’s what a real billionaire (Bloomberg) spent on ads for his campaign, before dropping out and continuing to enjoy his private island or whatever real billionaires do. Trump is just broke.
There is always money in the banana stand
What? Won’t creditors accept real estate as security from a man found guilty of fraudulently overvalue his real estate in orde to use as security for the exact purpose of lending more money in a money lending scheme? Shocking!
I wonder, though: if the state of NY expropriate real estate to sell to highest bidder and those auctions fail to meet market value, won’t that create chain reactions? A) the creditor(s) which had that particular building as security will see the value of their asset turn to zero because of negligence from their customer “billionaire”, which should open for a case against Trump for both immediate repayment of the loan and subsequent damages, and B) send a clear signal to all other creditors that they need to secure their assets asap?
Fun fact. Trump doesn’t own a lot of the real estate with the trump name on it. Also the stuff he does “own” is really owned by the bank.
Id be surprised if a single property isn’t leveraged to the maximum already.
Everyone who knows knows there’s nothing there to take, really.
He’s broke.
Not a sudden revelation, perhaps. But that won’t stop me from snickering
He can’t, but Letitia James will secure a lot of property for the going value.
Finally, lack of money is what will stop him appealing every (fucking) judgments.
But he secured the funding through the RNC… more money to appeal everything, and it isn’t even his money
No he didn’t. They don’t have enough money.
In NY State you have to pay up before you appeal. That’s to prevent someone just appealing to delay payment.
So he can still appeal, but NY can/will begin liquidating his properties to satisfy his penalty while he waits for his appeal to play out (they’ll have taken everything they can by the time his appeal is even heard more than likely - as courts are backed up).
Ah, you’re right. He can appeal but it doesn’t delay the payment process. He’s going nuts because no one will lend him money. He says it’s an “inconvenience because he has to sell properties”. He should never have had that money in the first place! He owes all those back taxes from lying about the value of his properties.
I saw someone describe it like this:
This is like someone who is convicted of fraud complaining that it’s an inconvenience to give the money back.
The reality is that all his “weath” is tied up in realestate but that’s actually not even true. Due to the his spectacular bankruptcy the banks took all his realestate and forced him to pay a (small fraction) back in installments. Even if New York liquidated all of his assets there’d be bugger all in cash retrieved and he’d STILL be in hock to the banks.
