"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.

  • Empricorn@feddit.nlEnglish
    91Ā·
    4 months ago

    Just take the loss, damn. Who doubles down like this when theyā€™re proven wrong!?

    • givesomefucks@lemmy.worldEnglish
      111Ā·
      4 months ago

      Who doubles down like this when theyā€™re proven wrong!?

      If someone provided the video of her acting like that, I didnā€™t see it because at some point Iā€™ve blocked them.

      You can link one for other people, if you can actually manage to find it. But Iā€™m not going to see any of your comments anymore either.

      • Cosmicomical@lemmy.world
        51Ā·
        4 months ago

        If you are interested you can go and find one, itā€™s not going to be difficult. We are not here to bring you stuff. What a level of entitlement, sir (or maā€™am).

        • givesomefucks@lemmy.worldEnglish
          17Ā·
          4 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