605
Oh, buddy. Everyone laughs at you all the time. That time was just to you face.
"What, they’re going to start seizing assets if he can’t put up something that’s not available in the United States?"
Yup.
Ah, this comment hurts in hindsight
Everything hurts.
One of the most ridiculous false pretenses Trump tries to maintain is that he can only pay with a single, $454M bond, and since he can’t get one that large, he should, obviously, just be forgiven the amount entirely and let off the hook.
What he doesn’t want anyone to know is that, obviously, he could just get several smaller bonds for, say, $50M or $75M or $100M until it added up to the $454M or however much he needs to post for the appeal. In fact, he even tried to offer a $100 bond before, but used it instead in the E Jean Carrol appeal.
Possibly he knows that, and is just trying to bleed his supporters for donations until the last moment.
He definitely knows that
We gotta teach the trump's how to count? No wonder they committed extensive fraud for decades.
He knows how to count up to 11,780
load more comments
(1 replies)
Like literally chubb dogded a bullet lending this money earlier rather than having to be available for the next big payout. If you ask me is a small price to pay for salvation
They still loaned him a fuck ton of money that they sure won’t ever see again. So I don’t know how they dodged a bullet.
Chubb did a fully collateralized bond. Meaning they got something of actual value, not just trump's word. In this case a Schawb brokerage account full of stocks and bonds for (I believe) more than the value of the bond. Plus Chubb probably added a fee on top of the value of the bond to service the transaction. When trump loses the E Jean Carroll appeal, Chubb will hand over cash and sell off the assets in the Schawb account and pocket their service fee.
Why would they do it this way instead of just directly selling what's in the account? I get that it takes time to unwind stuff like that, but surely it can be done in the time the judge gave?
Taxes. If by some stroke of miracle he wins the appeal, he won't have to pay capital gains taxes that he otherwise would have had to pay if the portfolio was liquidated.
This. And to put numbers on it, long term cap gains taxes (for things in the account held for 2 years or more) is 20%. For short term (things in the account owned for less that 2 years) it can be as 37%. So if the account is just used as collateral, and Chubb charged a fee of less than 20% then the bond is a cheaper way to get the money for the appeal.
They should consider committing less crimes.
Fewer.
They should consider committing less crimes fewer.
Why not both? Fewer and lesser crimes. I’ll have one count of jay-walking please
Bogus charge to criminalize walking and make the pedestrian the bad guy in accidents.
load more comments
(1 replies)
Meanwhile, Daddy was bragging on truth social that he had $500 million in cash a couple days ago
Wait. Hasn't he a gofoundme going? If he is bragging about having the money already, what does he need the donations for. 🤔
But what do i know.. I'm just a dumb European and the conservative Americans are so much smarter then me. They'll def are correct in further donating for Don Poorleon. 👍
- He claims he has half a billion in liquid cash.
- He has a donate to his legal expense portal.
- He's attempting to borrow from anyone dumb enough to lend to him.
- He's using the RNC as a personal piggy bank.
Some of these may overlap. And borrowing to pay expenses while using the interest as a tax deduction is a long utilized tool of the rich. But his real assets are intended to act as collateral on these loans.
With outstanding loan debt, judgments that can seize his assets, and mounting other leaks in his financing, this is his margin call on all the bad bets he's made. Including betting on himself.
He thinks that simply having his name on something means it's his to do as he please. But when the government and the banks start calling, it's his ass.
No, Eric, they want to avoid losing $454,000,000.00.
Edit: almost have him an excuse to save money.
0 ⬅️you dropped this
Thank you! I actually dropped three of the fuckers ‘cause I wanted all the zeroes possible to display because he owes that many zeroes.
My feelings! They LAUGHED at me, those big meanies!
Fuckin snowflakes
they only laughed because you were serious
Oh god I'm edging so hard my dick could cut diamonds.
Sir, this is a Wendys.
This is their big play? It doesn't need to be one bond. I read that those companies have a $100 million limit on bonds. Trump needs to put up several bonds. Or just use his yuge pile of cash he says he has. Or hell, double down on the lies and lose his holdings.
It's Eric trump...
He probably legitimately doesn't know that, and the phone calls probably only get to:
Who is this?
Iiiiiiiit's Errrrrric!
Before the laughter starts
Pretty sure James also already made it known he can post some of his properties directly to the court as collateral, skipping a 3rd party bond agency, but sounds like he wouldn't be able to do that if he has liens against them all, which he probably does.
load more comments
(1 replies)
Snap back to reality, ope, there goes gravity
don't worry, a judge just ruled that Don is a special boy and doesn't have to follow the same laws as everyone else so he doesn't need to put up the whole bond.
You're fucking kidding me.
https://www.nytimes.com/2024/03/25/nyregion/trump-bond-reduced.html
He's God's Most Special Guy, so he gets yet another exception to the law. Courts have ruled that he has to put up less than half of what would be required of anyone else.
Fucking fuck. Heartbreakingly shitty country.
Yeah, they weren't laughing at him, they were laughing with him.
Edit: that's very much /s.
Absolute horseshit.
Eriks always laughed at tho...how can he tell it's about loans this time???
his penis wasn't out
load more comments
(1 replies)
Trump can't do shit, he's leveraged to the hilt & his name is poison now.
They decided ERIC was the best one to spin this?
It's normal to laugh at clowns
Shouldn’t he be used to being laughed at? Has he ever seen Saturday night live?
He's never seen it,, 'cause SNL comes on after his bed time.
view more: next ›
this post was submitted on 25 Mar 2024
605 points (97.3% liked)
Not The Onion
12534 readers
1105 users here now
Welcome
We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!
The Rules
Posts must be:
- Links to news stories from...
- ...credible sources, with...
- ...their original headlines, that...
- ...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”
Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.
And that’s basically it!
founded 2 years ago
MODERATORS