Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trumpās assets if he is unable to pay the $464 million required by last monthāsĀ judgmentĀ in his civil fraud case, Trumpās lawyers disclosed in court filings Monday that he had failed to secure a bond for the amount.
In the nearly 5,000-page filing, lawyers for TrumpĀ saidĀ it has proven a āpractical impossibilityā for Trump to secure a bond from any financial institutions in the state, as āabout 30 surety companiesā have refused to accept assets including real estate as collateral and have demanded cash and other liquid assets instead.
To get the institutions to agree to cover that $464 million judgment if Trump loses his appeal and fails to pay the state, he would have to pledge more than $550 million as collateralāāa sum he simply does not have,āĀ reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.
I wouldnāt normally put this much stock in his assets actually getting flipped, butā¦
Someone or some company signed me up for Trump fundraising emails recently. The subject line of one from 2(?) days ago read: HANDS OFF TRUMP TOWER, so it sounds like theyāre preparing some kind of mobilization/campaign to play the victim now that their options are quickly drying up.
I think Iād actually welcome that tactic from the Trump campaign. The base arenāt going to change their mind no matter what they hear but Iād be willing to bet a good portion of swing voters will hear about Trump losing his tower and realize that hey, maybe heās actually not a great businessman. It makes him look weak when the only tactic that really works for him is the strongman one.
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Not disagreeing with you, but just wanted to point out thatās kind of their thing already.
Oh for sure, the spoiled child is ready for their tantrum du jour.
Letitia James did say she had her eye on that building in particular, so of course they want to keep it out of her hands.
Wonāt somebody think of Trump Tower?!?!