- cross-posted to:
- antitrumpalliance@lemmy.world
- cross-posted to:
- antitrumpalliance@lemmy.world
Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trumpās assets if he is unable to pay the $464 million required by last monthāsĀ judgmentĀ in his civil fraud case, Trumpās 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 āpractical impossibilityā for Trump to secure a bond from any financial institutions in the state, as āabout 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 collateralāāa sum he simply does not have,āĀ reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.
I would love to see Trump Tower rebranded to something like Barack Obama Tower, just to piss him off even more.
Clinton Tower
Itās probably going to be one of those things where he keeps insisting that whatever property comes with the Trump brand, despite this adding negative value.
No, no, youād want to name it for a black civil rights activist from the 60s who never rose to national prominence but is from NYC, that way his tower is named after someone whoās both black and he wouldnāt think was important enough even if he were white.