trump can't get anyone to post his bond

[Zincwarrior]

Who exactly is the "we"? Are you in a cult?

Unlike MAGAs, no,dipshit.

 

[Fort Fun Indiana]

You are what we call, a liar.

Of course Trump did get a chance to defend himself on several.allegations during the trial.

Unfortunately for him, the evidence was overwhelming. So overwhelming, that a summary judgment occured.,

 

[Zincwarrior]

Of course Trump did get a chance to defend himself on several.allegations during the trial.

Unfortunately for him, the evidence was overwhelming. Soverwhelming, that a summary judgment occured.,

Losers. Should gave nominated a better candidate.

 

[Dagosa]

You have no clue what was in any deposition or transcript, and an even lesser interest in the laws. You have already proven that over and over, so GFY.

We know this….Trump claimed to have 500 million not in line with his lawyers claim that he doesn’t . This claim was on forms he needed to fill out to secure a loan…

Trump says he has nearly $500 million in cash but doesn't want to use it to pay New York judgment

Donald Trump says he has almost a half-billion dollars in cash but would rather spend it on his presidential run than the $454 million civil fraud judgment against him in New York

abcnews.go.com

A Manhattan judge in February found that Trump repeatedly lied about his wealth on financial statements given to banks and others to secure loans and make deals. The judge ordered him to give up profits from certain real estate deals and money he saved by obtaining lower interest rates on loans. Trump denies that he tried to deceive anyone.

As recently as Thursday, Trump's lawyers reiterated in court filings that they were having difficulty obtaining a bond covering the judgment because underwriters insisted on cash, stocks or other liquid assets instead of real estate as collateral. More than 30 bonding companies rejected their entreaties, they said.

 

[para bellum]

We know this….Trump claimed to have 500 million not in line with his lawyers claim that he doesn’t . This claim was on forms he needed to fill out to secure a loan…

This is what his lawyers actually told the appeals court:

1. Posting a Full Undertaking Is a Practical Impossibility.

In the Opening Brief, when their efforts to obtain such a bond were still ongoing, Defendants stated their expectation that it would be "impossible to secure and post a complete bond."

Diligent efforts since that time, including "countless hours negotiating with one of the largest insurance companies in the world," have proven that "obtaining an appeal bond in the full amount" of the Judgment "is not possible under the circumstances presented."

The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude.

The remaining handful will not "accept hard assets such as real estate as collateral," but "will only accept cash or cash equivalents (such as marketable securities)."

Moreover, sureties would typically "require collateral of approximately 120% of the amount of the judgment," which "would require Defendants to hand over collateral in the form of cash or cash equivalents of approximately" $557 million.

In addition, sureties would likely charge bond premiums of approximately 2 percent per year with two years in advance-an upfront cost over $18 million.

In short, "a bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses."

The actual amount of cash or cash equivalents required "to collateralize the bond and have sufficient capital to run the business and satisfy its other obligations" "approach[es] $1 billion.

 

[WorldWatcher]

This is what his lawyers actually told the appeals court:

1. Posting a Full Undertaking Is a Practical Impossibility.

In the Opening Brief, when their efforts to obtain such a bond were still ongoing, Defendants stated their expectation that it would be "impossible to secure and post a complete bond."

Diligent efforts since that time, including "countless hours negotiating with one of the largest insurance companies in the world," have proven that "obtaining an appeal bond in the full amount" of the Judgment "is not possible under the circumstances presented."

The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude.

The remaining handful will not "accept hard assets such as real estate as collateral," but "will only accept cash or cash equivalents (such as marketable securities)."

Moreover, sureties would typically "require collateral of approximately 120% of the amount of the judgment," which "would require Defendants to hand over collateral in the form of cash or cash equivalents of approximately" $557 million.

In addition, sureties would likely charge bond premiums of approximately 2 percent per year with two years in advance-an upfront cost over $18 million.

In short, "a bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses."

The actual amount of cash or cash equivalents required "to collateralize the bond and have sufficient capital to run the business and satisfy its other obligations" "approach[es] $1 billion.

Since FPOTUS#45 told the world that he had $500 Million in case, he can do it as an escrow account, therefore he dosen't need the bond.

Or does FPOTUS#45 not have the $500 Million he said he had.

Either way, tomorrow will be a hoot.

WW

 

[Dagosa]

This is what his lawyers actually told the appeals court:

1. Posting a Full Undertaking Is a Practical Impossibility.

In the Opening Brief, when their efforts to obtain such a bond were still ongoing, Defendants stated their expectation that it would be "impossible to secure and post a complete bond."

Diligent efforts since that time, including "countless hours negotiating with one of the largest insurance companies in the world," have proven that "obtaining an appeal bond in the full amount" of the Judgment "is not possible under the circumstances presented."

The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude.

The remaining handful will not "accept hard assets such as real estate as collateral," but "will only accept cash or cash equivalents (such as marketable securities)."

Moreover, sureties would typically "require collateral of approximately 120% of the amount of the judgment," which "would require Defendants to hand over collateral in the form of cash or cash equivalents of approximately" $557 million.

In addition, sureties would likely charge bond premiums of approximately 2 percent per year with two years in advance-an upfront cost over $18 million.

In short, "a bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses."

The actual amount of cash or cash equivalents required "to collateralize the bond and have sufficient capital to run the business and satisfy its other obligations" "approach[es] $1 billion.

Ha ha….
he avoids having to post a bond by someone else who needs collateral IF he just pays the cash settlement on the bond HIMSELF …
He has to use an insurance company of course he’s liable for more ! While...
after..“countless hours negotiating with one of the largest insurance companies in the world,"

 

[bripat9643]

View attachment 921011

You're the NAZI, dumbass.

 

[Moonglow]

The clock, it is ticking, tick tock time to incarcerate Trump.

 

[Moonglow]

Since FPOTUS#45 told the world that he had $500 Million in case, he can do it as an escrow account, therefore he dosen't need the bond.

Or does FPOTUS#45 not have the $500 Million he said he had.

Either way, tomorrow will be a hoot.

WW

Will they have a close up sweat camera on him?

 

[WorldWatcher]

Will they have a close up sweat camera on him?

If he fails to make the bond or escrow, FPOTUS#45 will not be anywhere near the court room in New York.

WW

 

[Moonglow]

If he fails to make the bond or escrow, FPOTUS#45 will not be anywhere near the court room in New York.

WW

They should cancel the appeal

 

[WorldWatcher]

They should cancel the appeal

I don't believe they should - cancel the appeal that is.

People shouldn't be barred from making an appeal. Now whether the appeals court reads the brief and accepts the case is a totally different matter.

WW

 

[Crepitus]

You're the NAZI, dumbass.

Nope, 'fraid not.

Not real sure what that has to do with my post though.

The unresponsiveness makes me wonder how many "republicans" here are actually bots.

 

[Crepitus]

They should cancel the appeal

He can't appeal without it is my understanding here.

 

[Fort Fun Indiana]

Nope, 'fraid not.

Not real sure what that has to do with my post though.

The unresponsiveness makes me wonder how many "republicans" here are actually bots.

When you find the trick to tell the difference between the trumpers and bots, let us know.

 

[Fort Fun Indiana]

He can't appeal without it is my understanding here.

He can.

 

[Freedomisneverfree]

The Democrats are destroying New York. Listen to Kevin O Leary from Shark Tank. He admits he is not a Trump fan but his focus on the idiocy of the Democrats!

 

[Fort Fun Indiana]

The Democrats are destroying New York. Listen to Kevin O Leary from Shark Tank. He admits he is not a Trump fan but his focus on the idiocy of the Democrats!

Rich peope defending their own

Yawn

What's your excuse? These people wouldn't give you a squirt of piss, if you were on fire.

 

[Crepitus]

When you find the trick to tell the difference between the trumpers and bots, let us know.

So often they quote my post and then go off into left field with something completely unrelated, like the guy who responded to a post about bonds with "well you're the nazi". Absolutely nothing to do with anything going on around it, like a poorly programmed bot response.