“Incomprehensible”: Experts say Trump’s $175 million bond makes no sense

[postman]

Dupe, where are the criminal refferals and indictments?

Actually the refferals and indictments are against the guy who told the FBI that Biden took bribes.

 

[The Duke]

Dupe, where are the criminal refferals and indictments?

You know what crime Biden's impeachment effort out lined? No crime, none at all.

Not forthcoming from a corrupt DOJ.

There's a reason Democrats wanted Garland so bad, they have leverage on him.

 

[AntonToo]

Not forthcoming from a corrupt DOJ.

There's a reason Democrats wanted Garland so bad, they have leverage on him.

Dumbass criminal refferal does not come from DOJ, it would come from Republicans, who would love nothing more.

There is no criminal refferal because they have no serious evidence of Joe doing anything criminal. It's obvious to anyone with even half a brain.

 

[blackhawk]

 

[AntonToo]

View attachment 929593

You TDSing?

 

[AntonToo]

Oh, but the Bad Orange Man couldn't have possibly done the same exact thing, huh?

No he couldn't, he lied about returning them, said documents are his to keep, refused to return them, even tried to get video tapes erased to obstruct investigation.

The guy is fucking nuts.

 

[The Duke]

You TDSing?

No he couldn't, he lied about returning them, said documents are his to keep, refused to return them.

The guy is fucking nuts.

 

[AntonToo]

Yep, TDSing bad.

 

[postman]

Oh, but the Bad Orange Man couldn't have possibly done the same exact thing, huh?

Think of it like the cashier gives you the wrong change. The bill was $130, you gave them two $100 bills, and they gave you two $20's in change.

When you tell them they didn't give you the right change, they take back the two $20's and give you two $10's and a$20.

 

[postman]

Not forthcoming from a corrupt DOJ.

There's a reason Democrats wanted Garland so bad, they have leverage on him.

Rep Comer, and his impeachment committee based their impeachment on the testimony of a man indicted for lying to the FBI, about the very charges they want to indict Biden for.

 

[The Duke]

Think of it like the cashier gives you the wrong change. The bill was $130, you gave them two $100 bills, and they gave you two $20's in change.

When you tell them they didn't give you the right change, they give you two $10's and a$20.

Terrible analogy. Try harder.

 

[The Duke]

Rep Comer, and his impeachment committee based their impeachment on the testimony of a man indicted for lying to the FBI, about the very charges they want to indict Biden for.

Even if they have all the goods, this is not a good time to be doing something like that.

 

[postman]

Terrible analogy. Try harder.

How many times did the National Archives try to get "ALL" of Trumps classified documents?
A) Once
B) Twice
C) Three times
D) More than three times

 

[postman]

Even if they have all the goods, this is not a good time to be doing something like that.

It's worse to have a formal impeachment enquirery, and no actual charges.

 

[blackhawk]

You TDSing?

I’m not the one who starts endless threads ranting about Trump I just make fun of those who do. Politicians and politics are not the sole focus of my life to highlight that this will be my last post on this thread.

 

[AntonToo]

I’m not the one who starts endless threads ranting about Trump

We are talking about Trump, a loud mouth x-POTUS who is running for office again while being under 90+ criminal charges and is held liable for financial fraud to the tune of half a billion dollars.

And you seriously think that there is not a lot to discuss here? That only a disorder can explain interest in discussing his very peculiar judgement bond arrangement?

 

[Tommy Tainant]

Former President Donald Trump’s effort to challenge his massive civil fraud conviction itself appears to rely on deception, The Daily Beast reported Monday.

Last week, Trump posted a $175 million bond to appeal his $454 million fraud conviction in New York — this, after his lawyers claimed he was unable to find anyone willing to guarantee he would actually pay the full amount. In order to post that bond, the former president turned to Knight Speciality Insurance Company, led by billionaire Don Hankey, described by MSNBC legal analyst Lisa Rubin as the “king of subprime car loans.”

But according to former regulators and other legal experts, the bond is highly irregular. Per a legal filing, it amounts to little more than a promise that Trump himself could pay the full cost of the bond if he ultimately loses his appeal, The Daily Beast reported, noting that such an arrangement effectively negates “the whole point of an insurance company guarantee.”

It does not appear that Knight Specialty Insurance Co. could even cover the bond if it wanted: according to a court filing, the company has financial reserves of just $138 million. And while a related corporate entity claims a financial surplus of $1 billion, the court filing does not explicitly state that it would be liable.

“Based on the financial statement provided, Knight Specialty is providing a bond that is one-third of its total assets and greater than its surplus, which is incomprehensible for a carrier to underwrite,” Maria T. Vullo, a law professor at Fordham University who previously served as New York’s top financial regulator, told the publication.
“Incomprehensible”: Experts say Trump’s $175 million bond makes no sense

Donald Trump Forced to Reveal His Finances to Save His Properties

Documents for Donald Trump's $175 million bond in his New York civil fraud case were rejected by a court because a current financial statement was not included.

On Wednesday, a message on the New York State Supreme Court's electronic filing system showed Trump's "Bond/Undertaking" had been "returned for correction."
Donald Trump forced to reveal his finances to save his properties


Who put up Trump's $175 million bond? A subprime car loan billionaire who has run afoul of regulators
Don Hankey made a fortune building a subprime auto loan empire. Along the way, his companies racked up consumer complaints, regulatory fines and were sued by the DOJ.
https://www.nbcnews.com/business/bu...75-million-bond-subprime-car-loans-rcna146232

Westlake and its subsidiary Wilshire Commercial Capital, the DOJ complaint alleged, illegally repossessed at least 70 vehicles owned by military service members protected under the Servicemembers Civil Relief Act. The companies paid $761,000 to settle the allegations. Five years later, the Justice Department returned with another complaint against Westlake, alleging that it had failed to provide service members with interest rate benefits they were owed under the law. The company paid $225,000 to settle that matter.

“Service members make enormous sacrifices, and we have a responsibility to protect their rights and ensure they have full access to important benefits guaranteed under the law,” said Martin Estrada, U.S. Attorney for the Central District of California, at the time of the settlement.
.........................................................................................................................................
Not surprisingly, everything about this bond arrangement stinks. Not the least of which is the company putting up the bond. The guy who owns it being the the kind of slimeball one would think Don would get in financial bed with. Someone who tried to rip off people in the military. Someone who was fined for his illegal debt collection practices.

Grifters gonna grift.

Im wondering if Mr Hankey is just fronting for the true lender. Maybe a foreign based friend of trump who wants to help him out ? Is that even possible ?

 

[22lcidw]

We knew that when he bragged on his hand size.

Remember, Progs promote that Joe is Mensa. So, we put it in perspective.

 

[AntonToo]

How many times did the National Archives try to get "ALL" of Trumps classified documents?
A) Once
B) Twice
C) Three times
D) More than three times

Bill Barr suggests it's probably more times than is needed to get a criminal record.

 

[Chillicothe]

These mother fuckers need to be HANGED
demented avenger subverted demoralized Stalinist Marxist Leninist zombie ASSHOLE!!!!!!

SeaMajor is fun.
I rather enjoy his articulate reasoned arguments for his support for QAnon and Don Trump.
With supporters like Sea7, why would anyone think Don Trump is unfit for office?
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Actually it was Trump ability to stall all these legal cases until he could stall no more. ... Trump strategy was simple. Stall the cases until the election year.
And then claim they were election interference.

True that.
Rather than legal cases intended to interfere in a candidacy.
We have a candidacy intended to interfere with criminal cases.
IMHO

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Well, you know, Biden has taken a lot of bribes, and that's illegal.

Well, I, for one....do not know that.
How do you?
Can you offer the forum vetting on your allegation?
Can you offer the forum credible informed sources on your assertion Joe Biden took bribes?

Batter up, mein freund.
Show the forum you got game.
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The $175M bond definitely does NOT make sense...

Why do you say that, scanadian?
Please explain your rationale for asserting such.
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Oh, but the Bad Orange Man couldn't have possibly done the same exact thing, huh?

Oh, certainly he could have.
But....he didn't.
And that, mi amigo, is the distinction that makes a difference.
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Politicians and politics are not the sole focus of my.......

And yet, here you are.

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Remember, Progs promote that Joe is Mensa.

And also remember that Regressives...and Don Trump too ..... promote that he is a stable genius.

Go figger!
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