- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Breaking: Trump is unable to make $464 million bond in civil case
Posted on 3/18/24 at 12:23 pm to Northwestern tiger
Posted on 3/18/24 at 12:23 pm to Northwestern tiger
He should do a go fund me. I'll put up 1000
1
Posted on 3/18/24 at 12:24 pm to Big Scrub TX
quote:
He might be the most illiquid mega-billionaire I've ever heard of!
Posted on 3/18/24 at 12:24 pm to ChatGPT of LA
We're at least going to see some NICE NFT's outta this.
Posted on 3/18/24 at 12:25 pm to Penrod
quote:
You are showing your ignorance there. I am involved in a deal that requires about an $11 million payment next month from a foreign tycoon with a net worth (just a guess) of about $3 billion. He is struggling to come up with the $11 million. All of his wealth is in closely held businesses. His problem is that all of his businesses are doing very well right now and are growing, thus consuming cash. Counterintuitive, but true.
I would have to imagine the list of individuals who could come up with half a billion dollars CASH in 30 days has to be a very tiny list.
Posted on 3/18/24 at 12:26 pm to Northwestern tiger
Film of the government seizing properties would ensure Republicans control the Executive branch for a generation.
Posted on 3/18/24 at 12:29 pm to Y.A. Tittle
It’ll be like zero, when dealing with that type of money, it’s investment into hedge funds, and other large portfolio investments are contractually bound, also, the FTC has to be notified when removing that type of wealth, it has the power to shake up the stock market.
Posted on 3/18/24 at 12:33 pm to AubieinNC2009
Didn't Trump recently testify that he had ~$400 million in cash and it was growing substantially each month?
Posted on 3/18/24 at 12:34 pm to Datbawwwww
I mean it certainly illustrates the profound ignorance of anyone trying to point to THIS and say ‘hurr durr, this clearly shows Trump’s not as rich as he says he is!’
Posted on 3/18/24 at 12:39 pm to Sixafan
quote:
Sixafan
Wrong. If they seize cash (which he doesn’t have enough) the will owe it back plus damages and at least interest. If they seize assets they are liable for damages.
No, they aren't liable for damages. They might owe interest in some circumstances but there cannot be damages for enforcing a judgment.
Since this is the State, Trump won't have to worry about getting his money back. If it were a private party, Trump would actually have to sue to get his money back, and if that party had squandered the funds he could be SOL.
We are talking about a valid and enforceable court judgment. If Trump doesn't want the State to collect while the appeal is pending, he needs to post a bond. Otherwise, he is at the mercy of the collections process.
What's worse is, if Trump were to take steps to avoid collections, he could be held in contempt of Court, and then his appeal could get thrown out.
What makes anyone think there would be damages for enforcing a court judgment?
Posted on 3/18/24 at 12:42 pm to Dday63
quote:
then his appeal could get thrown out.
Are you saying he would lose his right to an appeal if he is found in contempt by the district court judge?
Posted on 3/18/24 at 12:44 pm to BBONDS25
quote:
The lawfare is so messed up. Even hard core leftists know the damages assessed are outrageous.
zealots are notoriously difficult to manage
Posted on 3/18/24 at 12:45 pm to thermal9221
It’s not a fair question?
Posted on 3/18/24 at 12:46 pm to BBONDS25
quote:
Are you saying he would lose his right to an appeal if he is found in contempt by the district court judge?
He could be...although I don't really know New York law.
But generally, there is sort of an unclean hands theory. You cannot be in contempt of Court and simultaneously seek relief from the Court.
This post was edited on 3/18/24 at 12:48 pm
Posted on 3/18/24 at 12:47 pm to loogaroo
quote:
quote:
8th Amendment intensifies.
This could be the strategy.
Please elaborate about this strategy.
Posted on 3/18/24 at 12:48 pm to BBONDS25
quote:
Is that how you think it works? not listing net worth on a tax return doesn’t mean there aren’t other financial documents and reports that help a billionaire assess their approximate net worth.
Good Lord, man.
mephi has proven many times that he/she/it is hopelessly stupid
Posted on 3/18/24 at 12:48 pm to Y.A. Tittle
quote:
I would have to imagine the list of individuals who could come up with half a billion dollars CASH in 30 days has to be a very tiny list.
Especially when most of the sources who would lend to him would be subject to outraged customers if they "help" Trump.
Trump's only hope of coming up with these funds would have been a timely cash windfall or sale or a private loan from someone like Aldelson, Elon, Thiel, or the family who owns the Cubs. And a loan like that would probably hurt Trump in the arena of public opinion.
This post was edited on 3/18/24 at 12:49 pm
Posted on 3/18/24 at 12:48 pm to Dday63
quote:
A could be...although I don't really know New York law.
If the judge in the initial case could remove the right for the losing party to appeal their judgement with a contempt ruling, whoo-boy.
Posted on 3/18/24 at 12:50 pm to Mephistopheles
Do you not see the danger of the left overstepping here and making Trump a sympathetic figure?
Not many independents who haven't decided are going to be pumped about super liberal activists taking a man's signature building / life work away under such dubious circumstances...
Not many independents who haven't decided are going to be pumped about super liberal activists taking a man's signature building / life work away under such dubious circumstances...
Posted on 3/18/24 at 12:51 pm to Y.A. Tittle
quote:
I would have to imagine the list of individuals who could come up with half a billion dollars CASH in 30 days has to be a very tiny list.
dictators
royal family members of OPEC countries
Heads of drug cartels
Very very very big arms dealers
that is probably about it, who else keeps access to that kind of cash? half a billion would be tied up in something, that level of amount liquid and accessible would be incredibly dumb.
Posted on 3/18/24 at 12:55 pm to SirWinston
Those loans would not be feasible in a 30 day window; they would have to contact the FTC, notify the board of the investment fund/funds they would be liquidating assets from, etc, its an impossible task in a 30 day window. Nobody has half a billion sitting in a bank account.
Page 5 of 15
Popular
Back to top
Follow TigerDroppings for LSU Football News