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re: Trump has to deposit $455 million just to appeal the decision against him
Posted on 2/20/24 at 2:59 pm to L.A.
Posted on 2/20/24 at 2:59 pm to L.A.
Quite honestly with the seismic fallout this ruling could unleash upon the economy and real estate market, a stay should be issued until the appeals process plays itself out. The Governor of NY can claim whatever she wants but they’ve already set the precedent to use it. Don’t think for a minute that the second another corporation gets on the wrong side of their political agenda they won’t use this again. Corporations borrow money all the time and all it takes now is a judge and prosecutor deciding you know what, they overvalued their collateral on this loan application, and then crush them. If they can do it to a billion dollar business, they can certainly do it to the little guy as well
This post was edited on 2/20/24 at 3:01 pm
Posted on 2/20/24 at 3:09 pm to Blizzard of Chizz
This is the part that many people aren’t seeing because they are clouded by confirmation bias. This will most certainly have a chilling effect on real estate development even if not a major one in the short term. But it’s definitely a dangerous precedent for real estate developers in that market.
This post was edited on 2/20/24 at 3:11 pm
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