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+--- Thread: Trump lawyers: he can't raise the bond amount (/showthread.php?tid=285701)
Re: Trump lawyers: he can't raise the bond amount - Tiangou - 03-19-2024
RgrF wrote:
I expect he'll get another accommodation. Every time a court does this we move further and further from application of equality under law. Trust in another whole branch of government being undermined by one man.
Letting him skate would be “very, very unfair to the millions and millions of people who have paid their debt through hard work."
Re: Trump lawyers: he can't raise the bond amount - vision63 - 03-19-2024
Tiangou wrote:
[quote=RgrF]
I expect he'll get another accommodation. Every time a court does this we move further and further from application of equality under law. Trust in another whole branch of government being undermined by one man.
Letting him skate would be “very, very unfair to the millions and millions of people who have paid their debt through hard work."
It's going to catch up to him.
Re: Trump lawyers: he can't raise the bond amount - N-OS X-tasy! - 03-19-2024
JoeH wrote:
[quote=N-OS X-tasy!]
[quote=JoeH]
[quote=GGD]
Perhaps, based on this case, no insurance company believes his stated valuation of the collateral he's putting up.
Or have looked closely at the properties to see what else they have been used as collateral for. They don't want to be behind other debt holders if they have to collect. He may have properties worth over a billion, but if they are already collateral for hundreds of millions in loans there may not be enough value left for them to cover a $400 million plus bond.
Pretty sure in such a scenario the government takes its share first and leaves the remaining creditors to fight over what's left.
Except that isn't the scenario that applies on this appeal. If he came up with the bond amount and lost the appeal, the company that supplied the bond would be on the hook to pay the government the $400+ million. Then they are in line to collect on the collateral he provided at the time the bond was given. But prior debt usually takes precedence, and they collect after those debts.
You’re right — I was thinking of a declared bankruptcy.
Re: Trump lawyers: he can't raise the bond amount - $tevie - 03-19-2024
From Twitter:
Re: Trump lawyers: he can't raise the bond amount - vision63 - 03-19-2024
$tevie wrote:
From Twitter:
Hahahaha
miley-laughing001:
Re: Trump lawyers: he can't raise the bond amount - PeterB - 03-19-2024
rgG wrote:
Where is my tiny, tiny violin?
https://www.youtube.com/watch?v=b3rNUhDqciM
Re: Trump lawyers: he can't raise the bond amount - maco - 03-19-2024
Eric Trump in 2014: ‘We have all the funding we need out of Russia’
Perhaps Russia or Saudi Arabia will bail him out.
Re: Trump lawyers: he can't raise the bond amount - vision63 - 03-19-2024
maco wrote:
Eric Trump in 2014: ‘We have all the funding we need out of Russia’
Perhaps Russia or Saudi Arabia will bail him out.
Aw man
Re: Trump lawyers: he can't raise the bond amount - AllGold - 03-19-2024
steve... wrote:
I thought for sure that Vlad and the oligarchs wouldbuyhelp him out.
They won't because, just like the bond companies that have turned him down, they're not stupid. Everyone knows PAB45 is going to lose the appeal, then the bond holder will have to pay the bond immediately.
Re: Trump lawyers: he can't raise the bond amount - SteveG - 03-19-2024
