Donald Trump - MAGAtwat news and discussion

[JimW]

Is there some vulture capitalist happy to use this as a way to bail Trump out? Though why they'd not just donate if that was the case I don't know.

 

[prunus]

Well yeah that's my take on it. As far as I can see it's like persuading some mug to buy a magic bean for a hundred quid and going 'therefore the contents of my bean warehouse are worth a billion'. It's being reported kind of seriously though, am I missing something?

That's spot on.

 

[Monkeygrinder's Organ]

Is there some vulture capitalist happy to use this as a way to bail Trump out? Though why they'd not just donate if that was the case I don't know.

To the tune of three billion dollars?

 

[JimW]

To the tune of three billion dollars?

Not likely, I grant you.

 

[ATOMIC SUPLEX]

The company that posted his E Jean Carol bond have declined to do so for the new York fraud. The process for seizure of assets already started a while back as the woman appointed to prevent Trump from committing more fraud suspected he was unable to pay. It is likely all his properties are tied up in some form of debt, and though probably complicated, it there is still trump money attached that can be untangled. It is not looking good for Trump. The insurance against the money put up for the Carol bond is probably tied to one or two of the few properties Trump can easily unlock. . . The fact that he can't easily find anyone to cover him for three times that probably means that he doesn't have it (in an easily unlockable state). I think this is going to be interesting.

 

[agricola]

I don't think he'd ever be able to convert it into anything like $3 billion in actual money by selling the shares, their price would probably nosedive if he started selling huge amounts of stock. His best bet might be to find some sucker who'd be willing to spend billions to buy all the shares in a money-losing social media business, and I'm not sure if even Elon Musk is dumb enough to do that again

Or people could just buy the shares and give him a lot of money in a way that would not breach campaign finance law. He could get loads off foreign oligarchs; even foreign states and noone would be able to do anything about it.

 

[Yossarian]

Or people could just buy the shares and give him a lot of money in a way that would not breach campaign finance law. He could get loads off foreign oligarchs; even foreign states and noone would be able to do anything about it.

True, maybe that was the plan behind Truth Social all along

 

[moochedit]

It's off to a flying start today....

 

[xenon]

Back me by buying my shares. It’s what true great Americans would do. It’s a patriotic thing to do by a share. By several shares.

 

[krtek a houby]

He's got the money, or at least boasting he's minted. Either way, not too bright of him, but he can never resist a bit of bragging

Trump claims to have ‘almost $500m in cash’ despite inability to pay bond

Ex-president makes claim on Truth Social while RNC fundraising deal sees donations going to committee paying his legal bills

www.theguardian.com

 

[spring-peeper]

He's got the money, or at least boasting he's minted. Either way, not too bright of him, but he can never resist a bit of bragging

Trump claims to have ‘almost $500m in cash’ despite inability to pay bond

Ex-president makes claim on Truth Social while RNC fundraising deal sees donations going to committee paying his legal bills

www.theguardian.com

He just does not want to use his own money.

 

[wemakeyousoundb]

He just does not want to use his own money.

has he got any?
I mean actual cash?

 

[Yossarian]

He's got the money, or at least boasting he's minted. Either way, not too bright of him, but he can never resist a bit of bragging

Trump claims to have ‘almost $500m in cash’ despite inability to pay bond

Ex-president makes claim on Truth Social while RNC fundraising deal sees donations going to committee paying his legal bills

www.theguardian.com

Trump's lawyers: Our client has tried everything but he has been unable to cover the $450 million bond, the amount is far too excessive and needs to be reviewed by the courts

Trump: I'M A VERY RICH MAN, I HAVE ALMOST $500 MILLION IN CASH AND I WANT TO SPEND IT ON MY CAMPAIGN

I'm surprised his post didn't include a picture of him Scrooge McDuck-ing on his pile of cash

 

[cupid_stunt]

He's got the money, or at least boasting he's minted. Either way, not too bright of him, but he can never resist a bit of bragging

Trump claims to have ‘almost $500m in cash’ despite inability to pay bond

Ex-president makes claim on Truth Social while RNC fundraising deal sees donations going to committee paying his legal bills

www.theguardian.com

I love this -

One legal analyst called Trump’s Friday morning rant “the dumbest thing he could possibly have done”.

“That is a direct admission by him that he has the money,” Nick Akerman, a former assistant US attorney in the southern district of New York who was a prosecutor during the Watergate scandal that brought down Richard Nixon, told CNN.

“Keep in mind, even with this operating money or cash that he supposedly has, if he doesn’t pony up and put up a bond, Letitia James is going to be able to go in and basically put restraining orders on all of his bank accounts. Everything that relates to him and all of that money is going to be tied up and frozen. So if he’s really got that money, he’s got to put it up.”

It's plainly a bonkers thing to do, and yet people want this fool to be president again.

 

[chandlerp]

Trump's lawyers: Our client has tried everything but he has been unable to cover the $450 million bond, the amount is far too excessive and needs to be reviewed by the courts

Trump: I'M A VERY RICH MAN, I HAVE ALMOST $500 MILLION IN CASH AND I WANT TO SPEND IT ON MY CAMPAIGN

I'm surprised his post didn't include a picture of him Scrooge McDuck-ing on his pile of cash

It would have to be AI generated, given it doesn’t exist.

 

[ATOMIC SUPLEX]

It's off to a flying start today....

View attachment 416882


The problem is that a lot of the people who are going to prop up / inflate the price are the maga lot. Like a gamestop. Even if it does make trump technically rich on paper for a few minutes it's not going to hold because the company as a business just doesn't actually hold that inflated value.

 

[andysays]

Trump's deadline to pay $464m bond in fraud case just hours away​

Donald Trump has just a few hours left to prevent the seizure of his assets in a business fraud case that threatens his fabled property empire. A deadline for him to put up the $464m (£365m) penalty for inflating his net worth is due to expire on Monday. If he fails to either secure a bond or delay the process in court, the authorities in New York can freeze his bank accounts or target his properties.

 

[Silas Loom]

Boo. Ten more days to find a reduced $175m. Swizz. Federal appeals courts spoiling all the fun.

 

[two sheds]

I thought he had to put up the bond before being able to appeal?

 

[skyscraper101]

It's stuff like this which is why I never hold my breath when it comes to Trump getting his comeuppance.

 

[cupid_stunt]

I thought he had to put up the bond before being able to appeal?

It's not the full appeal case, it's just a reduction in what he has to pony-up for now, the original damages still stands ATM.

Meanwhile, a New York appeals court agreed to hold off collection of his $454 million civil fraud judgment — if he puts up $175 million within 10 days. If he does, it will stop the clock on the collection and prevent the state from seizing his assets while he appeals.

Trump compares himself to Christ in wild posts from inside hush money court

Disgraced former President Donald Trump posted an extract from the Bible on social media, comparing himself to Jesus Christ who "walked through His greatest persecution" this week

www.mirror.co.uk

 

[krtek a houby]

It's stuff like this which is why I never hold my breath when it comes to Trump getting his comeuppance.

The rich and shameless rarely get their comeuppance, sadly.

 

[Zapp Brannigan]

Interesting game of chicken. Now maybe we find out that Trump hasn't got 175m in liquid assets, even if he claimed 400m+ (while under oath iirc?). If he doesn't pony up, the court gets to take it as read that he is either completely unable to find it, or that he's burying his head in the sand and hoping that it somehow goes away - either of those things is a green light to take everything he's got.

 

[two sheds]

Hopefully Jean Carroll will re-enter the fray aiming for punitive damages that make the previous punitive damages look paltry since it's supposed to stop him doing what he's not supposed to be doing. I can't imagine anything would make him stop though - this could be an upward spiral

 

[bcuster]

N.Y. appeals court reduces Trump's bond in his civil fraud case to $175 million, a victory for the former president

The court also gave Trump an additional 10 days to post the bond, which the former president said Monday he would pay.

www.nbcnews.com

 

[Ax^]

 

[chandlerp]

Interesting game of chicken. Now maybe we find out that Trump hasn't got 175m in liquid assets, even if he claimed 400m+ (while under oath iirc?). If he doesn't pony up, the court gets to take it as read that he is either completely unable to find it, or that he's burying his head in the sand and hoping that it somehow goes away - either of those things is a green light to take everything he's got.

They already had a green light ffs

 

[Ax^]

how the fuck you can brag about having the money and not wanting to pay up

and then suddenly get a bond reduction is madness

is the American justice system flawed.. just maybe with this clown who will cry "witch hunt" and look for another reduction in 10 days time


hmm was george floyd not killed over a counterfeit 20 dollar bill

 

[Bahnhof Strasse]

He’s just given a press conference where he called Judge Engoron corrupt. Not hinted but stated that he is corrupt. Not sure how statements like that will go down at his appeal…

 

[Silas Loom]

Isn’t that contempt of court?