"Trump owes this money because he fraudulently misrepresented the value of his assets—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 Trump’s assets if he is unable to pay the $464 million required by last month’s judgment in his civil fraud case, Trump’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 Trump said it has proven a “practical impossibility” for Trump to secure a bond from any financial institutions in the state, as “about 30 surety companies” 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 collateral—“a sum he simply does not have,” reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.

  • givesomefucks@lemmy.worldEnglish
    1·
    8 months ago

    That’s like when a Christian says God is real, but when you ask for proof they tell you to find proof God isn’t real.

    How can I prove she doesn’t act like that?

    Watch every single second of her on film to verify she doesn’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 she’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 don’t understand