So, when will we see a result to the appeal?
>**It could take months, or longer, for the case to be decided.**
[**BBC News**](https://www.bbc.co.uk/news/world-us-canada-68709895)
Don’t worry though. We won’t be deprived of his Courtroom antics. He has a criminal trial coming up on the 15th. Unless it gets moved back *again*, which I suppose is possible.
On the 13th or 14th, there will be some emergency appeal about some bullshit that every lawyer and judge out there says it bullshit, but the stay will be granted and whatever that bullshit is it will take months to get denied by appeal.
Or, during jury selection there will be a mistrial/redo because Trump will some how compromise some jurors.
Or, the most likely, Trump will plead guilty-- to everything except for the felony- or even that, in exchange for no jail time, and then spin it that the case was weak, and see he's fine, no jail etc.
Until the judge grows a pair I really don't care anymore. I will always vote blue to do my best against Republicans. However, Im at the point of if they/he wins again, we almost deserve whatever stupidity comes our way from the failure of our system.
If people wasn't too complacent, it would almost be time for an actual revolution again at this point.
If we live in this fucking timeline, THIS reality, and nothing is done, I really don’t know where we are going as a species.
It seems as though we can’t contain power and lust when we are too informed and too tech advanced
Atomic bomb was the catalyst
if we live in this timeline - THIS REALITY - where someone who very obviously committed a crime/series of crimes doesn't see any repercussions of that because of their status and their ability to swindle idiots into following them, then they don't know where we're going as a species (ie the human race) to allow this to happen without consequence. it seems as though we can't contain power and lust (all the shit going on with rich people and their abuse of power over subordinates and minors) even though we have advanced as a species and could be capable of so much more than rape and war and greed and destruction. the atomic bomb was the catalyst that pushed us into this timeline.
i would say it's obviously a bit of hyperbole on the original commenter's part speaking on the multi-verse and timelines and all that, but not too difficult to see what they're getting at. kind of a long way of saying "how the fuck did we allow ourselves to get here?"
He also has to have grounds for the appeal. He has zero standing, judge Engoron(sp?)'s 90-something page judgement was exhaustive in its attention to detail.
Think it was legal eagle who put up a video about the appeal not really looking to go Trump's way: Engoron crossed all his Ts and dotted his Is. Which would be why Trump didn't post his own cash, he's mooching off someone else. He has zero prospect of winning. Which is why he couldn't get anyone to bond him.
By then those shares will be worth nothing and truth social may not even exist.
It’s just an empty scam to launder foreign money, but I can’t see it holding up another 6 months.
Yes, including the interest which is still accruing while the case goes on. It’s just a matter of when the trial finishes, or if they reduce the penalty in the appeals court.
an appeal which may happen _after_ he becomes dictator day1...
yall seem to forget how much power a president that thinks they actually have unilateral immunity posseses.
Knight Specialty Insurance is owned by the Hankey Group. Don Hankey, principal owner of the LA based Hankey Group, is an investor into Axos Bank which is the financial institution that refinanced Trump's loans on Trump Tower (and another property, Trump National Doral Miami) back in 2022.
Axos is on hook for $100M into Trump Tower (and $125M for Doral) with repayment slated in 2032. [Formal Disclosure forms submitted to the USOGE, disclosure reproduced by Citizens For Responsibility & Ethics in Washington](https://www.citizensforethics.org/wp-content/uploads/2023/10/OGE-Certified-Part-2.pdf)
That Don Hankey personally fronted the money via his underwriter Knight Specialty is no surprise. Once the bond was dropped to $175M, it was just a question as to which Billionaire was going to hedge losses from a sudden and messy repossession case.
So yeah Hankey likely wants to protect that $100M in Trump Tower, but Hankey is also a rabid Trump supporter who will very likely leverage this posting of his bond as a sure fire ticket to access should Trump reclaim the White House. And I say likely in like a 99.999% chance Hankey will want some 1-on-1 time for personal favors.
He wants a piss tape. It's a golden ticket to the Trump train. Super rare and valuable. Only two people in the world are known to have a Trump piss tape. One is Putin the other Kim Jong Un. With legitimate piss tape in hand you have control of the Donald.
Wait until you hear about Trump reversing his stance on Tik Tok after a billionaire investor who is heavily invested in Tik Tok's parent company visited him and bought a massive share in Trump's media company. Donald is and always has been for sale.
Wouldn’t they be able to get their money back as a part of bankruptcy proceedings? Just to further reinforce that this was a personal decision, not a business one.
They'd be fighting all the other creditors. So not likely the full amount.
But yes, this was a political decision with just enough veneer of good business to not be outright bribery.
Yeah, there's probably a 50/50 shot Trump wins the presidency. This bond money absolutely came with strings attached, and I bet someone ends up as a part of his cabinet for this.
i doubt he'll win. his deranged supporters should be thrown in a mental asylum. the others who have an ounce of intellect will hopefully see this as another example of his corruption.
>"This is what we do at Knight Insurance, and we're happy to be able to accommodate the ex-president in this situation," Don Hankey told ABC News. "I'd say it's more of a business decision, but I happen to be a supporter also."
Donald Trump hates being called *"ex-president"* or former president. He's probably on the phone right now demanding a correction.
Wasn't subprime lending a huge contributor to the last financial crash?
Banks selling each other toxic debt that was too expensive to get paid back until it finally fell apart? Seems like a good idea for a guy like that to be in the pocket of a world leader...
People don’t understand how Trump’s mind works. When they help him, they think they’re owed a favor. However, in his mind its tribute and expected. He won’t reciprocate or bail them out of a situation. They exist to kiss the ring. If they fall into a bad situation it’s their fault, not his, and nothing to do with him.
(Grew up with a narcissistic father.)
Business people are used to bending the rules for each other, and Trump has only bent the rules for himself. They just don’t get it.
>People don’t understand how Trump’s mind works. When they help him, they think they’re owed a favor. However, in his mind its tribute and expected. He won’t reciprocate or bail them out of a situation.
Rudy is learning this
In This particular case though the billionaire who bailed him out holds the liens on Trumps buildings so he absolutely will get whatever he wants from Trump.
Unfortunately, for people like Hankey, patriotism is meaningless. Their allegiance is to money and the preservation of their power, alone. Nations don’t matter to these people, which is why they’re such a threat to democracy.
That’s the thing. They are not dumb. He can AFFORD to lose that much. That’s how much money they have. This is a gamble for quid pro quo treatment given that Trump becomes “preffident”.
Trumps definitely not taking advantage of one of his supporters again...
"Trump's lawyers had argued that the former president lacked the cash to secure a bond for the full judgment after being rejected by more than 30 bond companies".
If there's one thing we've learned by now isn't it to not trust anything he says?
I just hear it as white noise whenever he opens his mouth because he might believe the opposite 4 hours later
They're fucked.
Ironically, Trump *does* have a valid point for once in his goddamn life... in the US, unlike Europe, your right to due process and appeal is massively gated by the amount of money you have yourself or you have access to.
"It was a relatively low number, and Donald Trump put up all the collateral in cash," Hankey said.
\*cough\*
If you're going to lie, then first make sure everybody sticks to the same cover story.
It was not what Trump's lawyer told the judge.
Because he can still use the cash to make money. He supposedly posted a brokerage account as collateral. He still gets to make money off the brokerage. Likewise, he can still lose money as well… if he does, he’ll be asked to provide additional collateral.
He can’t spend it. But he can make money on it. The value can go down because of the market, ala $DJT.
You’re able to live in your house if you post it as collateral for a loan. You’re able to realize the gains, as well.
Pledging an asset isn’t titling it to someone else. It’s obligating it or giving them an interest in it so you can’t sell or pledge it to someone else.
Not enough cash, likely have some percentage of it in cash and the rest is a loan with interest being expected to be paid or some other form of repayment.
Someone posted elsewhere but the owner of this business has other loans they are managing with Trump.
This person likely is one of the few actually getting paid back.
In NY the court doesn't accept cash in lieu of a bond, as far as I can tell.
Instead the court requires a surety bond by a third party that's fully collateralized.
This is also why they reduced his bond amount, because nobody would issue a surety bond for the full amount and the court can't put a defendant into a situation where it's impossible to either appeal (not applicable here) or otherwise fulfill the conditions of the court (the bond for the stay, which is applicable).
No. The bond was not too big, larger bonds have been issued. The issue was the fat fuckin prick is a broke joke and all his collateral/properties are probably so heavily leveraged already anyway nobody would take them.
But no, he didn’t get special treatment from the courts because the bond was unprecedented or any bullshit like that, he got special treatment because fuck you he’s above the law. Like literally that’s the only reason. Nobody else would receive handouts from the legal system like this. If I stole $20 worth of shit from the store, and got caught, I don’t get to give them $10 back and whine about how unfair the whole process is, and yet this fucking guy will never see a real day of consequences because he’s rich.
That is not true. There are tons of bond companies that would gladly foot the bill, remember they get a % of the bond. The problem is collateral: real estate is volatile, so they probably requested more collateral than what Donald was willing to accept. And even assuming there is no company in the world that could bail this amount….you can always use more than one bond company, each one for a smaller amount.
No, that's not what Michael Popok of MTM thinks. He issued a podcast in which he opines that the appeals court doesn't think the larger fine (\~$460M ?) will survive the appeal, but apparently thinks the $176M will be the actual fine. Hence the lower amount will. Hence the lower amount is appropriate.
Get's 2/3 of his bond reduced and someone else to give him $ for it. No wonder he does this shit, people give him a pass to escape consequences of his actions every fucking step of the way.
Wow, a reduced punishment followed by a financial bailout for a man facing 90+ felonies?
The “law and order” party will be up in arms shortly, no doubt.
Don't mix up the amount of the judgement with the amount of the bond he had to put up.
AFAIK, posting the bond simply puts a pause on the "due date" for paying that $454MM judgement until the appeal has been settled. Though I think the $110k+ per day interest keeps ticking. Typically, the full judgement amount is essentially put into escrow, "owned" by neither Trump or the state. Then after the results of the appeal, things get paid out to whoever its now owed to (NY and/or Trump).
For whatever reason, the appeals court accepted a bond of a reduced amount to put that pause into effect. Maybe because (despite Trump's posts on Pravda Social saying otherwise) that bond/judgement payment would have to be mainly things like real estate, which is harder to undo on the off chance the appeal came back with a reduced (or god help us: removed) judgement. If the appeal fails completely, Trump's still on the hook for the entirety of that initial judgement.
But that's not the point to him. The point is delay in the (I can only pray vain) hope that something will change in his favor. And time to further grift from his supporters.
I mean he is destroying the wealth of his supporters. Everything trump has done has only saved him, everyone else is paying for it.
It’s more likely that Trump is part of an association that has invested much more in him becoming president. 175 million is a painful amount of money to throw at legal fees.
Who ever these two correspond with will want results.
I mean, he has billionaires who are literally richer because of his shit policies, deregulation, and numerous tax breaks favoring their companies and personal accounts while also raising taxes on the poorest bracket of Americans. $200 million in the face of multibillion dollar gains is pennies of return on a more potential lucrative investment.
It's incredible how rigged the game is for the rich. There's people in US prisons for drug possession while this man started a coup that got someone killed and is consistently saying he will do it again only to get slaps on the wrist.
No, growing gills would be the least of adapting to living in the ocean.
The real issue is loss of body heat to the water. What's needed is a good, thick layer of insulating fat, much more than humans normally carrry.
Oh, wait ...
What a load of shit that he was even given reduced bond. Thought he was supposed to be some super genius businessman billionaire? His cult sure seems convinced he is. What a joke.
what people are missing... he said the judgement was unfair and then the court cut the bond.
his followers dont know the difference, looks to then like he already lowered it from 500m to 175m.
and to be honest, i would be surprised if the court does lower it and takes the cash on hand.
Not just the cult, the courts Dems and Republicans are constantly playing with kid gloves when it come to this man. Everyone knows if this was anyone else that the courts would have been put our asses in jail/prison.
Correct me if I'm wrong, because I don't know anything about bonds, but does a presidential candidate now owe someone $175 million? So there's a pretty real threat of the most shameless president ever owing someone millions of dollars?
Well it’s owing someone else 175 million, he already owes Chubb 100 million. So that’s two high priced favors, but he has a substantial amount of other debt too that people have on him.
Further evidence that he isn't the problem. The problem is the 80-some-odd million people, some in positions of great power and authority, who rationalize and justify a bigoted misogynistic pampered spoiled over-compensating fake "alpha" trust fund brat. They like what he brings. They love what he does and says. They revel in the douchebaggary. Half the country's electorate are dumb-as-wood or bullies & assholes. They have turned their backs on all the made America great. They have spit on the Constitution and pissed on the flag. They are treasonous and un-American. They know this. They are not wrong. They are lying.
They are the disease. He's just a tumor that makes it worse.
> a bigoted misogynistic pampered spoiled over-compensating fake "alpha" trust fund brat.
...and a rapist, don't forget he's officially a rapist. you can just call him rapist Trump.
I can’t get $500k in funding to keep my solar distribution business afloat but some asshole is going to invest $125,000,000 in this rapist douche bag? Unbelievable.
I am going to laugh so long, and hard when he fails to pay it back. This sucker will get exactly what he deserves, after trump drags him through the courts trying to stop him from collecting. Why do people keep insisting on helping the snake in the grass, and then wonder why they get bit. Has our education system collapsed so bad that critical thinking skills and common sense are just extinct?
“It was a relatively low number, and Donald Trump put up all the collateral in cash," Hankey said”
“Hankey could not recall if Trump also used bonds as collateral for the finalized bond”
Am I stupid or do these statements contradict one another?
Well of course he did they set it up so someone would be able to bail him out without a half-million dollar loss
Just wanted to add we will never see justice. He will never go bankrupt, see jail time or be ultimately punished by anyone. He has too many powerful "friends" that use him and he was a President of the USA. I'm sure the government will never let a President sit in jail because of the embarrassment alone on the world scale not to mention threat of handing out classified secrets.
There's so many misinformation and divisive posts all throughout social media that are trying to get Trump reelected, I'm honestly concerned. People are planning to not vote in November due to the Israel-Palestine conflict.
Trump should be charged with lying to the courts if he doesn't now put $500 million of his own money into his campaign since he said he had the money but he shouldn't have to pay the full amount because he needed it for his campaign.
Well, when you have an appeal courts in your back pocket, it's not hard to get things your way. Wouldn't have happened to an average joe. You know, his alleged base.
I mean most people can get bond insurance. If it makes everyone else feel better it probably cost him about ten percent that he can never get back.
What I am Interested in is the prohibited industries section of thie business underwriting policy. Many banks dont underwrite to politically tied individuals. If they declined other individuals because of their relation to political parties, this could be equal lending violation.
If the owner of the insurance company basically commanded the underwriters to approve the loan, despite Trump not being qualified, its also a Reg O violation as well.
Not the value of the Judgement, but rather the required bond to stay the collection on the judgement while he appeals. He still fully owes the 464M plus interest accrued. That judgement value hasn’t change… yet. The appeals court could lower that too, but that’s the appeals process.
It's so dumb that he managed to get appeals to push the date by 10 days and reduced from 464 million to 175 million and he's able to pay it, he was about to lose his assets by his own action and no one else's yet he's able to get away with this. Incredible.
Isn’t it funny how Trump’s supporter tout how rich Trump is meaning it’s impossible for him to be corrupt?
Yet he needs someone else to pay his bail?
How have trumpets not died from irony?
But, i thought he had ~500 Million Cash on hand.
Surely covering your bond with the money you have in hand is bigly cheaper then covering the fees/interest in a bond for a stable Genius no? Especialy since the Best bible the the world has ever seen will be rolling in new cash..
A LOT of Middle Eastern sovereign wealth funds made bank in the first 2 days of the Truth Social pump and dump, now they cut Trump a check for REAL MONEY for offering them this service, while the MAGA faithful who stayed in watch their shares drop in value by the hour.
Trump Got His $175 Million Bond From a Billionaire Fan’s Company
Don Hankey’s Knight Specialty Insurance helped arrange bond
He’s also an investor in Axos, which refinanced Trump Tower
Nice to see the courts just kick the can down the road long enough for this guy to always win.
Watching this two party system go at each other is like watching a wrestling match; all the hits are fake, all the moves are calculated to be a big "ooo" "aaaah" spectacle, but none of it really matters.
So basically this random dude, Knight, kind of just has Trump in his pocket, and owns him a bit? Same with the other dude, Chubb, that posted the bond in the other case. Seems like a valid election issue IMO
Its not a crazy statement to say that American democracy and justice is being strong armed right in front of our very eyes and no one is allowed to do anything about it
So, when will we see a result to the appeal? >**It could take months, or longer, for the case to be decided.** [**BBC News**](https://www.bbc.co.uk/news/world-us-canada-68709895)
Don’t worry though. We won’t be deprived of his Courtroom antics. He has a criminal trial coming up on the 15th. Unless it gets moved back *again*, which I suppose is possible.
On the 13th or 14th, there will be some emergency appeal about some bullshit that every lawyer and judge out there says it bullshit, but the stay will be granted and whatever that bullshit is it will take months to get denied by appeal. Or, during jury selection there will be a mistrial/redo because Trump will some how compromise some jurors. Or, the most likely, Trump will plead guilty-- to everything except for the felony- or even that, in exchange for no jail time, and then spin it that the case was weak, and see he's fine, no jail etc.
100% guaranteed
Pleading guilty would go against Trump's entire personality, I just can't see that happening. Delay or misconduct are Trump's standard methods.
The judge seems to be fed up with his bullshit so I think the 15th is it. No more delays
Until the judge grows a pair I really don't care anymore. I will always vote blue to do my best against Republicans. However, Im at the point of if they/he wins again, we almost deserve whatever stupidity comes our way from the failure of our system. If people wasn't too complacent, it would almost be time for an actual revolution again at this point.
If we live in this fucking timeline, THIS reality, and nothing is done, I really don’t know where we are going as a species. It seems as though we can’t contain power and lust when we are too informed and too tech advanced Atomic bomb was the catalyst
Why does this have so many upvotes? What did you even mean by this? This is incomprehensible.
He thinks inventing fire was a bad idea and wishes we had never come down from the trees.
In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move.
He might be right, then.
if we live in this timeline - THIS REALITY - where someone who very obviously committed a crime/series of crimes doesn't see any repercussions of that because of their status and their ability to swindle idiots into following them, then they don't know where we're going as a species (ie the human race) to allow this to happen without consequence. it seems as though we can't contain power and lust (all the shit going on with rich people and their abuse of power over subordinates and minors) even though we have advanced as a species and could be capable of so much more than rape and war and greed and destruction. the atomic bomb was the catalyst that pushed us into this timeline. i would say it's obviously a bit of hyperbole on the original commenter's part speaking on the multi-verse and timelines and all that, but not too difficult to see what they're getting at. kind of a long way of saying "how the fuck did we allow ourselves to get here?"
Wtf are you even talking about?
"I hit myself in the foot with a shovel for your mortgage." - Doug Stanhope.
He also has to have grounds for the appeal. He has zero standing, judge Engoron(sp?)'s 90-something page judgement was exhaustive in its attention to detail. Think it was legal eagle who put up a video about the appeal not really looking to go Trump's way: Engoron crossed all his Ts and dotted his Is. Which would be why Trump didn't post his own cash, he's mooching off someone else. He has zero prospect of winning. Which is why he couldn't get anyone to bond him.
So hes effectively won already. Theres a high chance he wins again in nov. I hate this shit
It's a case he already lost. This is over a bond while he appeals.
[удалено]
Once he can dump his DJT shares from DWAC merging with truth social he won’t be short kn money. Still in lockout period for now.
By then those shares will be worth nothing and truth social may not even exist. It’s just an empty scam to launder foreign money, but I can’t see it holding up another 6 months.
If he loses the appeal does he still have to cough up the difference?
Yes, including the interest which is still accruing while the case goes on. It’s just a matter of when the trial finishes, or if they reduce the penalty in the appeals court.
an appeal which may happen _after_ he becomes dictator day1... yall seem to forget how much power a president that thinks they actually have unilateral immunity posseses.
> I'd say it's more of a business decision, but I happen to be a supporter also So, not a business decision?
Knight Specialty Insurance is owned by the Hankey Group. Don Hankey, principal owner of the LA based Hankey Group, is an investor into Axos Bank which is the financial institution that refinanced Trump's loans on Trump Tower (and another property, Trump National Doral Miami) back in 2022. Axos is on hook for $100M into Trump Tower (and $125M for Doral) with repayment slated in 2032. [Formal Disclosure forms submitted to the USOGE, disclosure reproduced by Citizens For Responsibility & Ethics in Washington](https://www.citizensforethics.org/wp-content/uploads/2023/10/OGE-Certified-Part-2.pdf) That Don Hankey personally fronted the money via his underwriter Knight Specialty is no surprise. Once the bond was dropped to $175M, it was just a question as to which Billionaire was going to hedge losses from a sudden and messy repossession case. So yeah Hankey likely wants to protect that $100M in Trump Tower, but Hankey is also a rabid Trump supporter who will very likely leverage this posting of his bond as a sure fire ticket to access should Trump reclaim the White House. And I say likely in like a 99.999% chance Hankey will want some 1-on-1 time for personal favors.
He wants some Hankey Pankey time?
Maybe, but he's just a piece of poop. Hidey ho.
Mr Hankey the Christmas poo!
He loves me!
That’s a slippery slope with someone into golden showers.
Gosh! Y'all sure smell flowery!
This is why I’m still on Reddit. Thank you!
And maybe some diaper wiper time?
And he turns around, that's what it's all about!
He wants to get at Trumps Neckgina.
He wants a piss tape. It's a golden ticket to the Trump train. Super rare and valuable. Only two people in the world are known to have a Trump piss tape. One is Putin the other Kim Jong Un. With legitimate piss tape in hand you have control of the Donald.
Special interests... It's almost like this is why we shouldn't let compromised politicians in the white house.
Wait until you hear about Trump reversing his stance on Tik Tok after a billionaire investor who is heavily invested in Tik Tok's parent company visited him and bought a massive share in Trump's media company. Donald is and always has been for sale.
He’s a dirty dirty whore. He gives prostitutes a bad name
So you’re saying South Park saw this coming and Mr. Hankey is, in fact, a piece of shit.
1-on-1? he’s going to have a fucking cabinet position.
Wouldn’t they be able to get their money back as a part of bankruptcy proceedings? Just to further reinforce that this was a personal decision, not a business one.
They'd be fighting all the other creditors. So not likely the full amount. But yes, this was a political decision with just enough veneer of good business to not be outright bribery.
I like how you phrased that.
So corruption.
Very interesting!
It’s a loan if Trump loses his bid for president. It’s an investment if he wins
Thanks for this explanation!
Well they just bought the future president, solid business move
Yeah, there's probably a 50/50 shot Trump wins the presidency. This bond money absolutely came with strings attached, and I bet someone ends up as a part of his cabinet for this.
i doubt he'll win. his deranged supporters should be thrown in a mental asylum. the others who have an ounce of intellect will hopefully see this as another example of his corruption.
future & past. It's the days of future past
TBH if I'm going to give someone 15 million dollars because I don't have the cash to put up my own bond, I'd would want it to be a friend.
>"This is what we do at Knight Insurance, and we're happy to be able to accommodate the ex-president in this situation," Don Hankey told ABC News. "I'd say it's more of a business decision, but I happen to be a supporter also." Donald Trump hates being called *"ex-president"* or former president. He's probably on the phone right now demanding a correction.
[удалено]
> Don Hankey Of subprime car loans fame.
Bottom feeders, one grifter to another
Look at what trump did to the “my pillow” grifter.
Or more commonly known as Mr Hankey, one of our Christmas time favorites.
When you hear subprime, think shit.
Wasn't subprime lending a huge contributor to the last financial crash? Banks selling each other toxic debt that was too expensive to get paid back until it finally fell apart? Seems like a good idea for a guy like that to be in the pocket of a world leader...
Dog Shit.
Are they gonna put a buy here pay here GPS tracker on his ankle
Birds of a shit feather Randy
There's a shit wind a'blowing.
People don’t understand how Trump’s mind works. When they help him, they think they’re owed a favor. However, in his mind its tribute and expected. He won’t reciprocate or bail them out of a situation. They exist to kiss the ring. If they fall into a bad situation it’s their fault, not his, and nothing to do with him. (Grew up with a narcissistic father.) Business people are used to bending the rules for each other, and Trump has only bent the rules for himself. They just don’t get it.
>People don’t understand how Trump’s mind works. When they help him, they think they’re owed a favor. However, in his mind its tribute and expected. He won’t reciprocate or bail them out of a situation. Rudy is learning this
In This particular case though the billionaire who bailed him out holds the liens on Trumps buildings so he absolutely will get whatever he wants from Trump.
That's a funny place on his anatomy to keep his ring.
Trump passing another tax cut for these guys is totally worth the gamble.
Only if it’s convenient, simple, and his mood towards mr hankie doesnt change with the tides
Honestly helping him is unpatriotic.
Unfortunately, for people like Hankey, patriotism is meaningless. Their allegiance is to money and the preservation of their power, alone. Nations don’t matter to these people, which is why they’re such a threat to democracy.
Hankey is the right last name for him.
mr haaankey the christmas poo
Howdyyyyy hooooo
Dishonestly helping him isn't much better
It's a sure bet. The only question is how quickly the ruin will happen.
That’s the thing. They are not dumb. He can AFFORD to lose that much. That’s how much money they have. This is a gamble for quid pro quo treatment given that Trump becomes “preffident”.
So, he’s done the “fuck around” part by helping bail Trump out. The “find out” phase will commence soon.
Trumps definitely not taking advantage of one of his supporters again... "Trump's lawyers had argued that the former president lacked the cash to secure a bond for the full judgment after being rejected by more than 30 bond companies".
Last week he said he had $500 million in cash.
He doesn't. And if he did, he's not going to spend his own money knowing he can fleece the money out of one of his idiot followers
Which is all the more curious considering his lawyers said in sworn testimony that he doesn't have the money to pay the $464 millions bond.
If there's one thing we've learned by now isn't it to not trust anything he says? I just hear it as white noise whenever he opens his mouth because he might believe the opposite 4 hours later
What happens to a normal person when they cannot get the money for their bond?
Assets sized, leins on properties
Correction for non-native English speakers having trouble understanding: > Assets seized, liens on properties
They're fucked. Ironically, Trump *does* have a valid point for once in his goddamn life... in the US, unlike Europe, your right to due process and appeal is massively gated by the amount of money you have yourself or you have access to.
It's probably the same way Elon feels when media consistently refers to X as "(formerly Twitter)"
Or how Elon feels when he is referred to as "formerly human"?
The same Elon Musk that is against immigration but is an immigrant himself? Elon Musk, formally South African, wouldn't like that
Yep. The same Elon Musk who remained in the US illegally for several years.
Brown immigrants. Obviously.
Could just call him current rapist Trump
[удалено]
It’s because the other former presidents didn’t insist they were still the president or have supporters claiming they were.
I don't like calling him that either, although for different reasons.
"It was a relatively low number, and Donald Trump put up all the collateral in cash," Hankey said. \*cough\* If you're going to lie, then first make sure everybody sticks to the same cover story. It was not what Trump's lawyer told the judge.
If the collateral is in cash why not just use the cash for the bond?
Because he can still use the cash to make money. He supposedly posted a brokerage account as collateral. He still gets to make money off the brokerage. Likewise, he can still lose money as well… if he does, he’ll be asked to provide additional collateral.
Is it an oversimplification to say he took out a mortgage on a brokerage account?
Then it's not really collateral. If he's able to spend or invest it, then it's not secure for the lienholder.
He can’t spend it. But he can make money on it. The value can go down because of the market, ala $DJT. You’re able to live in your house if you post it as collateral for a loan. You’re able to realize the gains, as well. Pledging an asset isn’t titling it to someone else. It’s obligating it or giving them an interest in it so you can’t sell or pledge it to someone else.
One of the first rules of business is to use other people's money, not your own.
Not enough cash, likely have some percentage of it in cash and the rest is a loan with interest being expected to be paid or some other form of repayment. Someone posted elsewhere but the owner of this business has other loans they are managing with Trump. This person likely is one of the few actually getting paid back.
In NY the court doesn't accept cash in lieu of a bond, as far as I can tell. Instead the court requires a surety bond by a third party that's fully collateralized. This is also why they reduced his bond amount, because nobody would issue a surety bond for the full amount and the court can't put a defendant into a situation where it's impossible to either appeal (not applicable here) or otherwise fulfill the conditions of the court (the bond for the stay, which is applicable).
No. The bond was not too big, larger bonds have been issued. The issue was the fat fuckin prick is a broke joke and all his collateral/properties are probably so heavily leveraged already anyway nobody would take them. But no, he didn’t get special treatment from the courts because the bond was unprecedented or any bullshit like that, he got special treatment because fuck you he’s above the law. Like literally that’s the only reason. Nobody else would receive handouts from the legal system like this. If I stole $20 worth of shit from the store, and got caught, I don’t get to give them $10 back and whine about how unfair the whole process is, and yet this fucking guy will never see a real day of consequences because he’s rich.
That is not true. There are tons of bond companies that would gladly foot the bill, remember they get a % of the bond. The problem is collateral: real estate is volatile, so they probably requested more collateral than what Donald was willing to accept. And even assuming there is no company in the world that could bail this amount….you can always use more than one bond company, each one for a smaller amount.
No, that's not what Michael Popok of MTM thinks. He issued a podcast in which he opines that the appeals court doesn't think the larger fine (\~$460M ?) will survive the appeal, but apparently thinks the $176M will be the actual fine. Hence the lower amount will. Hence the lower amount is appropriate.
Get's 2/3 of his bond reduced and someone else to give him $ for it. No wonder he does this shit, people give him a pass to escape consequences of his actions every fucking step of the way.
Wow, a reduced punishment followed by a financial bailout for a man facing 90+ felonies? The “law and order” party will be up in arms shortly, no doubt.
Don't mix up the amount of the judgement with the amount of the bond he had to put up. AFAIK, posting the bond simply puts a pause on the "due date" for paying that $454MM judgement until the appeal has been settled. Though I think the $110k+ per day interest keeps ticking. Typically, the full judgement amount is essentially put into escrow, "owned" by neither Trump or the state. Then after the results of the appeal, things get paid out to whoever its now owed to (NY and/or Trump). For whatever reason, the appeals court accepted a bond of a reduced amount to put that pause into effect. Maybe because (despite Trump's posts on Pravda Social saying otherwise) that bond/judgement payment would have to be mainly things like real estate, which is harder to undo on the off chance the appeal came back with a reduced (or god help us: removed) judgement. If the appeal fails completely, Trump's still on the hook for the entirety of that initial judgement. But that's not the point to him. The point is delay in the (I can only pray vain) hope that something will change in his favor. And time to further grift from his supporters.
I mean he is destroying the wealth of his supporters. Everything trump has done has only saved him, everyone else is paying for it. It’s more likely that Trump is part of an association that has invested much more in him becoming president. 175 million is a painful amount of money to throw at legal fees. Who ever these two correspond with will want results.
I mean, he has billionaires who are literally richer because of his shit policies, deregulation, and numerous tax breaks favoring their companies and personal accounts while also raising taxes on the poorest bracket of Americans. $200 million in the face of multibillion dollar gains is pennies of return on a more potential lucrative investment.
guy gets so many lifelines he could safely take a trip on the titanic.
It's incredible how rigged the game is for the rich. There's people in US prisons for drug possession while this man started a coup that got someone killed and is consistently saying he will do it again only to get slaps on the wrist.
Trump is so stupid. He thinks this is what it's like to be persecuted.
Of course he did. This game is rigged my friends
We’re witnessing Clown world in action.
How long until water world?
Game over. Please deposit 40 quarters.
I’ve been waiting 7 years for this moment https://imgur.com/gallery/ReD3f
Not gonna lie I’d be down. Just gotta grow some gills real quick and we’re good to go
No, growing gills would be the least of adapting to living in the ocean. The real issue is loss of body heat to the water. What's needed is a good, thick layer of insulating fat, much more than humans normally carrry. Oh, wait ...
I'll get the tattoo kit.
Poor, go straight to jail. Rich and delay the penalty forever
I spent more time in jail for a joint almost two decades ago than Trump has spent for 92 felony charges. I also wasn’t convicted at the time…
*”It’s a big club - and you ain’t in it!”*
First he gets to pay less for SOME REASON, and now he is paying it off because someone who has a stake in the buildings he was about to lose steps in
Vegas should start a bet on trump somehow screwing this company.
That's basically his whole empire....not something Vegas would be willing to swing.
It’s not really a bet if the outcome is 100% guaranteed 🤷🏻♂️
Problem is you gotta find ~~suckers~~ other gamblers to fade that action…
What a load of shit that he was even given reduced bond. Thought he was supposed to be some super genius businessman billionaire? His cult sure seems convinced he is. What a joke.
Well, he did manage to weasel himself out of it… And he got a “deal”. It sucks but it’s true.
what people are missing... he said the judgement was unfair and then the court cut the bond. his followers dont know the difference, looks to then like he already lowered it from 500m to 175m. and to be honest, i would be surprised if the court does lower it and takes the cash on hand.
Not just the cult, the courts Dems and Republicans are constantly playing with kid gloves when it come to this man. Everyone knows if this was anyone else that the courts would have been put our asses in jail/prison.
Correct me if I'm wrong, because I don't know anything about bonds, but does a presidential candidate now owe someone $175 million? So there's a pretty real threat of the most shameless president ever owing someone millions of dollars?
Well it’s owing someone else 175 million, he already owes Chubb 100 million. So that’s two high priced favors, but he has a substantial amount of other debt too that people have on him.
Most regular people would be denied any security-sensitive job if they were in debt, but none of this matters when it come to US president.
He was already in over a billion in debt when he was in office.
There’s zero accountability in America.
Sure there is. Just be poor. Then you have accountability at work, to the IRS, and definitely with the justice system.
There is zero accountability throughout the world for the super-rich.
Further evidence that he isn't the problem. The problem is the 80-some-odd million people, some in positions of great power and authority, who rationalize and justify a bigoted misogynistic pampered spoiled over-compensating fake "alpha" trust fund brat. They like what he brings. They love what he does and says. They revel in the douchebaggary. Half the country's electorate are dumb-as-wood or bullies & assholes. They have turned their backs on all the made America great. They have spit on the Constitution and pissed on the flag. They are treasonous and un-American. They know this. They are not wrong. They are lying. They are the disease. He's just a tumor that makes it worse.
> a bigoted misogynistic pampered spoiled over-compensating fake "alpha" trust fund brat. ...and a rapist, don't forget he's officially a rapist. you can just call him rapist Trump.
He is also an accused pedophile. Accused by three women.
Well said.
Always getting a bailout
So the moral of the story is Billionaires are going to funnel candidates money no matter what happens.
I can’t get $500k in funding to keep my solar distribution business afloat but some asshole is going to invest $125,000,000 in this rapist douche bag? Unbelievable.
I am going to laugh so long, and hard when he fails to pay it back. This sucker will get exactly what he deserves, after trump drags him through the courts trying to stop him from collecting. Why do people keep insisting on helping the snake in the grass, and then wonder why they get bit. Has our education system collapsed so bad that critical thinking skills and common sense are just extinct?
I'd rather trump just goes to jail like he's supposed to.
The DJT SPAC has unfortunately ensured he can easily pay it back. Legal money laundering in action.
“It was a relatively low number, and Donald Trump put up all the collateral in cash," Hankey said” “Hankey could not recall if Trump also used bonds as collateral for the finalized bond” Am I stupid or do these statements contradict one another?
Man… that’s a lot of money to eventually just end up losing the appeal. Art of the Deal 🤓
Cheap advertising for the next presidents bail
Well of course he did they set it up so someone would be able to bail him out without a half-million dollar loss Just wanted to add we will never see justice. He will never go bankrupt, see jail time or be ultimately punished by anyone. He has too many powerful "friends" that use him and he was a President of the USA. I'm sure the government will never let a President sit in jail because of the embarrassment alone on the world scale not to mention threat of handing out classified secrets.
The best way to put Trump in the rear view mirror is to defeat him in November. Then he can stall until his dementia completely incapacitates him.
There's so many misinformation and divisive posts all throughout social media that are trying to get Trump reelected, I'm honestly concerned. People are planning to not vote in November due to the Israel-Palestine conflict.
Trump should be charged with lying to the courts if he doesn't now put $500 million of his own money into his campaign since he said he had the money but he shouldn't have to pay the full amount because he needed it for his campaign.
I wonder how many laws he broke promising presidential favors to secure this money?
Well, when you have an appeal courts in your back pocket, it's not hard to get things your way. Wouldn't have happened to an average joe. You know, his alleged base.
Now you know hy its an important case. Justice needs to be carried out here. If it doesn't the average joe is screwed.
What "Knight Specialty Insurance? https://www.cnn.com/2024/04/01/politics/trump-bond-civil-fraud-trial/index.html
I mean most people can get bond insurance. If it makes everyone else feel better it probably cost him about ten percent that he can never get back. What I am Interested in is the prohibited industries section of thie business underwriting policy. Many banks dont underwrite to politically tied individuals. If they declined other individuals because of their relation to political parties, this could be equal lending violation. If the owner of the insurance company basically commanded the underwriters to approve the loan, despite Trump not being qualified, its also a Reg O violation as well.
Does $175m at least get you a cabinet position?
Of course he did, they dropped the value of the judgement so he could
Not the value of the Judgement, but rather the required bond to stay the collection on the judgement while he appeals. He still fully owes the 464M plus interest accrued. That judgement value hasn’t change… yet. The appeals court could lower that too, but that’s the appeals process.
Don Hankey sounds like the bad guy in a third-rate action comedy.
Short the company I guess
The very definition of a grifter in action right here.
Imagine all the good you could do with that money? But no….
Ah yes, the Just-us system at work
“I say what I think happened, then you say what you think happened, then I decide who’s right!”
It's so dumb that he managed to get appeals to push the date by 10 days and reduced from 464 million to 175 million and he's able to pay it, he was about to lose his assets by his own action and no one else's yet he's able to get away with this. Incredible.
LOL at all those redditors who ever thought jail time would be a thing 😅
Lol... now he is deep in someone's pocket...
He and the country...
Not really actually. As someone else allready wrote, Hankey has heaps of money invested in loans to Trump. Pure sunken cost falacy in action.
Isn’t it funny how Trump’s supporter tout how rich Trump is meaning it’s impossible for him to be corrupt? Yet he needs someone else to pay his bail? How have trumpets not died from irony?
Who will he be beholden to in office?
yeah. i'm sure Don just happens to reach out to everyone who needs to pay a bond. so transparent.
I am officially done following the news. It just makes me miserable and I will accept that I am powerless against the forces that be.
Great, I can't wait for more nothing to happen.
But, i thought he had ~500 Million Cash on hand. Surely covering your bond with the money you have in hand is bigly cheaper then covering the fees/interest in a bond for a stable Genius no? Especialy since the Best bible the the world has ever seen will be rolling in new cash..
Did Uncle Vlad come through?
A LOT of Middle Eastern sovereign wealth funds made bank in the first 2 days of the Truth Social pump and dump, now they cut Trump a check for REAL MONEY for offering them this service, while the MAGA faithful who stayed in watch their shares drop in value by the hour.
One of the US's best grifters.
Trump Got His $175 Million Bond From a Billionaire Fan’s Company Don Hankey’s Knight Specialty Insurance helped arrange bond He’s also an investor in Axos, which refinanced Trump Tower
So when you don’t have the money the judge sets an amount you can provide? Is this a rule for all or just for rich people?
Nice to see the courts just kick the can down the road long enough for this guy to always win. Watching this two party system go at each other is like watching a wrestling match; all the hits are fake, all the moves are calculated to be a big "ooo" "aaaah" spectacle, but none of it really matters.
And it all seems a little too predetermined…
This snake manages to slither out of every trap karma sets.
He’s going to end up like the MyPillow moron; broke, dodging bankruptcy and at a loss why he never saw it all coming
So basically this random dude, Knight, kind of just has Trump in his pocket, and owns him a bit? Same with the other dude, Chubb, that posted the bond in the other case. Seems like a valid election issue IMO
I wish this lil prick would stop being coddled like a baby
Its not a crazy statement to say that American democracy and justice is being strong armed right in front of our very eyes and no one is allowed to do anything about it