It feels like there's increasingly one law he can't escape
this post was submitted on 25 Mar 2024
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Poe’s law? I doubt Trump is aware of the concept, let alone capable of employing irony for effect - he’s just hyperbole all the way down.
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I know people have compared Taylor Swift's ability to pay, but whatever happened to Faux news and their almost billion dollar judgement? Did they manage to have the the cash? Thought Donnie was supposed to be personally wealthy which should make it easier to pull cash out his ass without having to consult a board or whatnot...
Asking the Court to Stop Enforcement of the Judgment: Filing a Notice of Appeal does not stop or stay the winning side from taking steps to collect or enforce the judgment from the lower court. To put the collection on hold, you may have to ask the court for a stay. You may have to pay an amount of money equal to the judgment amount, called an undertaking, to the court while the appeal is being decided.
IANAL, but does that may put this within the courts abilities?
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DIFFERENT RULES
My optimistic side believes this is the courts humiliating him by publicly demonstrating that he is not an actual billionaire. They're aware that he has no ability to pay half a billion, and they want as much as they can actually get from him.
I still take say his properties away.
This is the best summary I could come up with:
Trump’s lawyers had pleaded for a state appeals court to halt collection, claiming it was “a practical impossibility” to get an underwriter to sign off on a bond for such a large sum.
James, a Democrat, told ABC News last month that if Trump doesn’t have the money to pay, she would seek to seize his assets and was “prepared to make sure that the judgment is paid.”
As Trump arrived Monday at a different New York court for a separate hearing in his criminal hush money case, he didn’t respond to a journalist’s question about whether he’d obtained a bond.
“Finding buyers for assets of this magnitude is something that doesn’t happen overnight,” he said, noting that at any ordinary auction, “the chances that people are going to be able to bid up to the true value of the property is pretty slim.”
Trump’s debt stems from a monthslong civil trial last fall over the state’s allegations that he, his company and top executives vastly puffed up his wealth on financial statements, conning bankers and insurers who did business with him.
Trump and his co-defendants denied any wrongdoing, saying the statements actually lowballed his fortune, came with disclaimers and weren’t taken at face value by the institutions that lent to or insured him.
The original article contains 894 words, the summary contains 214 words. Saved 76%. I'm a bot and I'm open source!
Why am I only mildly surprised?
The thing people forget, half of NY's "real estate moguls" probably commit the same fraud, perhaps to a lesser extent and Broke Don was just caught with his pants down. But those business folk are of course whispering everywhere that this ruling could bankrupt NYs real estate market...
I do find it rather strange how it is worded "an appeals court has decided" ... so is this ANOTHER appeals court that is meddling with the court case of the original court and the upcoming appeals court? Or are/will these be the same folks who will decide on the coming appeal case? If the latter I will start assuming they'll throw the judgement out on a technicality ("the business in question is now located in Florida so there is no jurisdiction in NY" Or something lame like that)
Also it is unclear to me what their decision is based on, if the law states that on appeal a bond for the full amount needs to be met, how can they lower it just like that? Especially since Broke Don claims to swim in Billions of dollars... I can see the REASONING of wanting to lower it but I would think the law does not give leeway on it.
I could only think of just allowing a seizure of the assets but blocking them from sale while the appeal goes up, that seems a lot fairer than what they did here.
Frankly I am stunned how more and more explicit the justice system is openly breaking the US laws just to keep Broke Don in the saddle... is there anyone who can really stop them doing that?
Meanwhile I will not be surprised if the appeal for this case, and others will just get delay stacked on delay until well beyond the elections, probably stuffing it all in 2025. This under the feared and silent assumption the dictator from day 1 will have his Golden Throne from which he will excrete his decrees of revenge under his claimed full authority, impunity and immunity.
The law doesn't matter, it doesn't enforce itself.
The judges wanted it lowered for reasons, and so they lowered it.
The entire system is a lot more about people than most want to admit. The magic words on a page somewhere only exist to serve those in power, never to force them to do something they don't want to do.
There was no way anybody was going to let him sell his properties in a fire sale with commercial real estate being in such a precarious position already.
Can a broke single parent get such mercy?
Well shit, what the fuck am I supposed to do with all this popcorn?