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BumRushDaShow

(129,398 posts) Tue Mar 19, 2024, 03:19 PM Mar 19

Trump says he'd have to hold 'fire sale' of properties to meet $464M bond [View all]

Source: The Hill

03/19/24 11:02 AM ET

Former President Trump argued Tuesday he would have to take extreme measures in order to pay a $464 million bond due next week in his New York civil fraud case, such as selling some of his properties for cheap “fire sale” prices.

Trump blasted New York Judge Arthur Engoron, who ruled against the former president in the fraud case, in a Truth Social post objecting to having to post the bond. “Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision.

In other words, he is trying to take my Appellate Rights away from me,” Trump wrote in a post on his Truth Social platform Tuesday morning. “Nobody has ever heard of anything like this before.” “I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” Trump added.

Trump’s warning comes a day after his legal team informed the court that the former president was unable to secure the full $464 million bond due next week. They cited difficulties finding a Treasury Department-approved surety company willing to underwrite a bond at such a high level. And they noted many of the approved companies have internal policies against issuing bonds of more than $100 million.

Read more: https://thehill.com/regulation/court-battles/4541652-trump-says-hed-have-to-hold-fire-sale-of-properties-to-meet-464m-bond/

73 replies

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Highlight:

Trump says he'd have to hold 'fire sale' of properties to meet $464M bond [View all] BumRushDaShow Mar 19 OP

Seems we need a tiny violin for Mr. Tiny Fingers BeyondGeography Mar 19 #1

I have one and I'm happy to share FakeNoose Mar 19 #3

Even smaller... FailureToCommunicate Mar 19 #22

Yes Hikerchick57 Mar 19 #47

For your entertainment: Nah, tRump has 'em right where he wants 'em Bernardo de La Paz Mar 19 #35

Yeah... I get it now calguy Mar 19 #51

The thing I hate most about the interwebz is ms liberty Mar 19 #54

You only think you know... COL Mustard Mar 20 #66

Just check out the first few minutes of "Idiocracy" Klondike Kat Mar 20 #70

Works for me! Bleacher Creature Mar 19 #2

Yes, that's the point cutroot Mar 19 #4

If he COULD declare bankruptcy and remove the fines FakeNoose Mar 19 #5

That problem should have been in your business plan and stress test, you totally SF bucolic_frolic Mar 19 #6

Not a YOU'RE FIRED SALE? It's like he's not even trying underpants Mar 19 #7

And this is a problem for what reason, Spanky? greatauntoftriplets Mar 19 #8

So what? PJMcK Mar 19 #9

Since traitortrump can't pay his bill, I say let Russia do whatever it wants with him. Hermit-The-Prog Mar 20 #65

Um, "Don't DO the CRIME if YOU CAN'T Pay the FINE!".. Isn't that what 'they' say? nt TeamProg Mar 19 #10

Don't do it! Ray Bruns Mar 19 #16

Totally. n/t EndlessWire Mar 19 #24

That is a lot of money. twodogsbarking Mar 19 #11

And..? 2naSalit Mar 19 #12

It's not the judge who wants him to put up the money. Harker Mar 19 #13

Of course, Dumpy the Clown would try to blame the judge for enforcing rules long ago set 4lbs Mar 19 #14

Ironically proving the prosecution's case, that his properties are not worth what he claimed they were. (n/t) thesquanderer Mar 19 #15

Gotta pay to play orange boy Evolve Dammit Mar 19 #17

maybe you should have lived "within your means." A-hole Evolve Dammit Mar 19 #18

C'mon, Trump! Trump University covered all of this in Chapter Two! Maybe.... SupportSanity Mar 19 #19

His appellate rights are as equal to anyone else appealing a civil judgment in NYS EarthFirst Mar 19 #20

Big, fat cat billionaire says what? Earth-shine Mar 19 #21

OK, that works. mike_c Mar 19 #23

Then start the sale, you orange asshole. hamsterjill Mar 19 #25

So many violins Lulu KC Mar 19 #26

He's trying to pressure the Judge. EndlessWire Mar 19 #27

Just so full of shit. His properties will not bring fire sale prices. They'll bring serious cash ... marble falls Mar 19 #28

They may bring serious cash NanaCat Mar 19 #42

New York City real estate, Manhatten real estate? marble falls Mar 19 #43

Oh--and it was TSF NanaCat Mar 19 #45

Aw too bad so sad Donny BlueKota Mar 19 #29

So light the match dweller Mar 19 #30

I think... Mike Nelson Mar 19 #31

That's his own fault as he could have avoided it by keeping his fat mouth closed. cstanleytech Mar 19 #32

An online auction. That''ll work. twodogsbarking Mar 19 #33

Little Dumpy Vienna Sausage Fingers is having a melt down on the daily and I F'ing Love it. cayugafalls Mar 19 #34

So... PortTack Mar 19 #36

He can still appeal IbogaProject Mar 19 #37

IF he comes up with the cash or bond BumRushDaShow Mar 19 #38

Nope IbogaProject Mar 19 #39

He has filed paperwork requesting to appeal without a bond BumRushDaShow Mar 19 #44

Because he's so special.... Bayard Mar 20 #59

And, Whiny TSF? Cha Mar 19 #40

So he's having these public tantrums to make it clear NanaCat Mar 19 #41

Trump knows that a judge doesn't MAKE the laws but ENFORCES the state's laws. ancianita Mar 19 #46

Maybe you should have kept your mouth shut! Grumpy Old Guy Mar 19 #48

For TFG Omaha Steve Mar 19 #49

"You got to pay. You got to pay your bills." dalton99a Mar 19 #50

Well, he shouldn't have run a corrupt business and done all that illegal stuff, then, should he? n/t PatrickforB Mar 19 #52

Let the fire begin DBoon Mar 19 #53

Well Chi67 Mar 19 #55

Yeah, well, that's why you shouldn't persistently commit fraud. RockRaven Mar 19 #56

Exactly Chi67 Mar 19 #57

I feel sorry for the fat idiot. Aussie105 Mar 19 #58

I hope he gets caught trying to hide assets JoseBalow Mar 20 #60

BWAHAHAHAHAHA!!! creeksneakers2 Mar 20 #61

I am sure some Russian Oligarch or... TomCADem Mar 20 #62

Your proposal is acceptable 0rganism Mar 20 #63

This Kennah Mar 20 #71

I believe he may also moniss Mar 20 #64

Remember that guy who never purchased a newspaper, but everyday he would glance at the main Baitball Blogger Mar 20 #67

Or the properties are not worth what he says they are. Yo_Mama_Been_Loggin Mar 20 #68

Womp! Womp! SKKY Mar 20 #69

ok prodigitalson Mar 20 #72

Perhaps it is time for America to say Aussie105 Mar 20 #73