Trump's Troubles

Turns out when you lie on financial disclosures its hard to get a bond based on financial disclosures.

 

He either has no options or only an option he doesn't like. It will be curious to see what last second shenanigans occur to stave this off.

 

Now we get to see how ballsy NY really is — will they really execute on the assets before the appeal is run? I really don’t think they will. But I guess we will see …

 

Where, oh where will trump find the money?

Convicted Russian money launderer Paul Manafort: hey, I know a guy.

https://www.reuters.com/world/us/tr...aign-role-washington-post-reports-2024-03-18/

March 18 (Reuters) - Republican presidential candidate Donald Trump is expected to include Paul Manafort, the former campaign manager he pardoned, as a campaign adviser later this year, the Washington Post reported on Monday, citing four people familiar with the talks.

The former campaign manager was pardoned by Trump for bank and tax fraud convictions and accusations he hid millions he made consulting for pro-Russian Ukrainian politicians

 

Musk said already he won’t ay Trump’s legal fees, so I assume he won’t put up the bond. It’s very possible a covenant is triggered in his loan documents that would call in his loan, the failure of which would result in a receiver being appointed. That’s a private issue with his lenders, though. As for having his “whole web tied up in knots,” that depends on whether and to the extent the loans are cross-collateralized.

 

So if he gets elected again, does that traitor Flynn become sec def?

 

A reasonable guess. Either him or Jared Kushner.

 

I'm guessing his next gambit is a bankruptcy filing which isn't great when you're running for office.

Here is another scenario where it's not great that this guy has US classified secrets stashed away somewhere when he is in a cash crunch. Fire sale time, baby!

 

He can't really do that though as the bankruptcy can't protect the commercial property. He is pretty much going to have to hand over the remaining properties that he actually owns (most are licensing agreements actually owned by a variety of people interested in different financial crimes) for sale (or sell them himself and pay in cash).

 

Can they collect on a sitting potus if he runs out the clock until January 2025?

 

A bankruptcy is very likely to trigger all loans. That would be catastrophic to his holdings that have lender financing. (I don’t think it will hurt his election chances; it will likely help him cry the Victim Card).

 

Again, it's not going to matter at all to his base (especially since they think this is a witch hunt anyway), but it's extremely dangerous to elect a President with this kind of financial issues.

It's really even worse with Trump since his identity is so intertwined with his wealth. Even if on paper he could sell assets to cover what he owes, he isn't going to be satisfied to do so since that would (almost certainly) make him not a billionaire. He's going to try to find someone to bankroll him, and not only that, someone who he doesn't have to monetarily reimburse. A terrible scenario for the country especially since we've already seen the careless regard for which he handles classified information.

People can complain all they want about how unfair the NY judgement is, but unless he can win on appeal or have the judgement greatly reduced (neither of which are a sure thing), this risk is going to persist.

 

This is a NY state civil matter. No federal policy is relevant to it.

 

Or thee odious Kash Patel

 

Why even hide it? If people are dumb enough to vote for that mess one could argue they deserve what’s coming.

 

Why doesn’t trump just offer up those sneakers and a few NFTs where he looks like Rambo on steroids for collateral and be done with it?

 

And then when you do get a bond and immediately jeopardize the issuer by continuing to defame the woman you raped. No one is taking his properties as collateral. One because of who he is and his past, but also because they’re highly indebted. For instance net of debt 40 Wall Street is worth less than a 100M. In reality in offloading that they take a terrific haircut and it would take time.

It’s so heartwarming to see.