"Trump owes this money because he fraudulently misrepresented the value of his assetsā€”and now (oops) apparently no one will accept those assets as collateral."

Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trumpā€™s assets if he is unable to pay the $464 million required by last monthā€™sĀ judgmentĀ in his civil fraud case, Trumpā€™s lawyers disclosed in court filings Monday that he had failed to secure a bond for the amount.

In the nearly 5,000-page filing, lawyers for TrumpĀ saidĀ it has proven a ā€œpractical impossibilityā€ for Trump to secure a bond from any financial institutions in the state, as ā€œabout 30 surety companiesā€ have refused to accept assets including real estate as collateral and have demanded cash and other liquid assets instead.

To get the institutions to agree to cover that $464 million judgment if Trump loses his appeal and fails to pay the state, he would have to pledge more than $550 million as collateralā€”ā€œa sum he simply does not have,ā€Ā reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.

  • givesomefucks@lemmy.worldEnglish
    17Ā·
    8 months ago

    Thatā€™s like when a Christian says God is real, but when you ask for proof they tell you to find proof God isnā€™t real.

    How can I prove she doesnā€™t act like that?

    Watch every single second of her on film to verify she doesnā€™t ever act like a racist caricature, then come back and tell you I was right?

    To prove me wrong is incredibly easy, but no one can seem to do it.

    To prove me right is literally fucking impossible unless I link you ever single second sheā€™s ever recorded on video, and you watch all of it.

    What do you not understand about this?

    Seriously.

    I want to know why so many people donā€™t understand