Trump lawyers: he can't raise the bond amount

[GGD]

Perhaps, based on this case, no insurance company believes his stated valuation of the collateral he's putting up.

[samintx]

Lux Interior wrote:
He is being treated very unfairly!

Most unfairly treated President in US history!

Everyone that feels sorry for him raise your hand. What size do those orange suits come in?

[jonny]

Me thinks his favor basket empty.
That's why he's gotta get that presidency back!

[JoeH]

GGD wrote:
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. Thy don't want to be behind other debt holders if they hav 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.

[pdq]

Unpossible!

Alina Habba assured us he didn't even need a bond - he could put up the cash himself! And just last year, Trump said (in a deposition!):

In an April 2023 deposition, Trump volunteered that he had “substantially in excess of 400 million in cash.”

“Developers usually don’t have cash. They have assets, not cash,” Trump said. “We have, I believe, 400 plus and going up very substantially every month.”

Trump added later that, despite the legal fees he was facing, “I have over 400 — fairly substantially over $400 million in cash. That’s just cash. That’s just cash.”

Apparently, he must have been robbed in the interim.

[$tevie]

His hyperbole is catching up with him. Seriously, I think one reason the judgment is so high is because he made it seem as if a more normally sized judgment wouldn't make a dent in his wealth nor his attitude.

Why can't he sell Mar-a-Lago for the $1.8 billion that he says it is worth, and then all his expensives will be covered? Or could it be he was inflating its worth? ><

[SteveG]

no bond, no appeal

[steve...]

Must be hard on his ego, having to publicly say he can't afford it.

Hopefully by the time the election gets here, he'll be totally off the rails.

[pdq]

Steve G. wrote:
no bond, no appeal

...and no appeal, no reason for Letitia James to wait to begin seizing Trump properties to sell off to satisfy the judgement, right?

Donald Trump Entity Dives Amid Bond News

The Donald Trump-linked special purpose acquisition company Digital World Acquisition (DWAC) took a tumble after it emerged that the former president is having trouble meeting bond requirements for his New York fraud case.

His attorneys said in a court filing that he cannot fully secure the bond required as he tries to appeal the $454 million civil business fraud judgment.

"Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants," his lawyers said in the filing.

Digital World, the blank-check company poised to merge with the Trump Media and Technology Group, tumbled nearly 8%. It has now fallen below the 50-day moving average, a sell signal.

[gabester]

I hear he's broke because he put it all into Bitcoin when it was high last time and sold when it dropped...