Donald Trump was supposed to have to post a $464 million bond by Monday or else the state of New York could begin collecting on the massive civil fraud judgment leveled against him earlier this year. An appeals court bailed him out, blocking collection of the judgment and giving the former president 10 days to post a drastically reduced $175 million bond.

The order is a huge win for Trump, whose assets were going to be subject to seizure if he couldn’t post nearly half-a-billion dollars by Monday. His lawyers said last week he wasn’t going to be able to come up with the money after 30 underwriters rejected him. The New York Times has reported that Trump is expected to be able to scrounge the new, reduced $175 million bond

  • Neato@ttrpg.network
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    8 months ago

    That’s bullshit. Just more laws that don’t apply to this traitor.

    Trump undervalued his properties to the IRS and overvalued them to investors. And now the courts are allowing him to undervalue them so he doesn’t have to face the consequences of his fraud.

    • Maggoty@lemmy.world
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      8 months ago

      We really need a law that says when you tell the IRS what your property is worth they are allowed to buy it at that price; if they later find out you represented it at a higher value to others.

    • John_McMurray@lemmy.world
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      8 months ago

      Eh. This was a pretty political trial. “Over valued his holdings” oh probably a little, but value of real estate isn’t fixed. The bank reps would have to be completely incompetent or maybe they agreed with the valuations.

      • ghostrider2112@lemmy.world
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        8 months ago

        There’s plenty we can do about it. For instance, my wife and I just put an offer on a house in Europe and will be leaving ASAP.

        • Snapz@lemmy.world
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          8 months ago

          US is fucked, but also, what is your comment? It reads like three comments in a trenchcoat pretending to be a real comment…

          “Yeah, we called Europe and we said, ‘one European house please, ASAP!’. And then we bought two airplane tickets to Europe - ‘just drop us off in Europe’ we said”

        • FaceDeer@fedia.io
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          8 months ago

          So what you’re “doing about it” is giving up and going away.

          And people wonder why Republicans keep winning.

          • ghostrider2112@lemmy.world
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            8 months ago

            Yep. I’m almost 50 and have tried my best to help those around me see a better way. I’ve always voted. I did my part, but half the country still wants this shit. So, my wife and I are retiring early, peacing out, and letting ya’ll figure it out for yourselves. Good luck!

            • fine_sandy_bottom@discuss.tchncs.de
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              8 months ago

              Yeah this is the way.

              Often in life when you’re faced with an untenable situation the only appropriate course of action is to withdraw.

              Sadly not an option available to most people.

              • ghostrider2112@lemmy.world
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                8 months ago

                It is an option that requires more work and sacrifice than most people are willing to endure. We prioritized saving over consumerism, fixing things over buying new, not having kids, etc. I grew up poor, had no help from my parents (or anyone), and was able to make it. However, a lot has changed since I started to make it even more difficult for people.

      • MrVilliam@lemmy.world
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        8 months ago

        Damn, I didn’t know there was such a thing as a sommelier but for boots. How many licks does it take to reach your level?

      • baldingpudenda@lemmy.world
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        8 months ago

        Wtf are you talking about? You start by saying yes there are two justice systems, one for rich and one for poor, then end with we should see this fucking failure of justice as an anointing of a savior?

      • EdibleFriend@lemmy.world
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        8 months ago

        Okay kind of sort of got where you were going in the beginning but what in the ever living fuck are you blabbering about him being a savior?

      • Lev_Astov@lemmy.world
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        8 months ago

        Do people really not appreciate simple trolling around here anymore? Everyone’s acting like they think this is serious, and that’s the most disturbing part.

        • kent_eh@lemmy.ca
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          8 months ago

          Poe’s law is in effect here.

          This person may be a troll, or they may be a true believer.