Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trumpās assets if he is unable to pay the $464 million required by last monthāsĀ judgmentĀ in his civil fraud case, Trumpās 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 āpractical impossibilityā for Trump to secure a bond from any financial institutions in the state, as āabout 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 collateralāāa sum he simply does not have,āĀ reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.
Thatās good to know, thank you for the detailed explanation.
Iām still concerned heāll do it, and his sycophant supporters will enable him and let him do it because they see this as him being politically persecuted. Youāre probably right, but if trump wins, nothing is normal, there is no rule of law.
And weāll see how well that statement holds up when it runs up against a candidate whoās already been impeached twice, is overleveraged and compromised from foreign assets, whoās ON RECORD HAVING SAID HEāD BE A DICTATOR WITH ALL THE POWERS OF A DICTATOR FOR THE FIRST FEW DAYS HE WAS IN OFFICE IN HIS SECOND TERM.
Thatās how dictatorships start, they ask for the powers for just a few, just a little bit, and then it never gets returned.
So I have low confidence that anything we consider rule of law today will be in effect if trump should win a second term, with all the insane support heās got within the GOP right now that currently controls the lower house.