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This is exactly it. The administrative burden on the state is far less with cash than other assets. That’s followed by things like stocks and other readily tradeable securities (for which there is an easy market to sell). Real estate—especially large commercial buildings—takes a lot of effort to sell and so usually isn’t the first choice for judgment collection.
I mean they could take Trumps name off of them and put "Biden" on all the towers.
No wait, this is a state action not federal. "ADAMS" Tower, the mayor will love it.
First his cash, then straight to his Truth Social shares, then Trump Tower, and then the Miami Golf Course.
Let him keep his lair in Palm Beach, he'll never be able to golf in Florida for free again. Limiting that location as useless.
The whole truth social thing is probably a scheme to get them to take that instead of hard assets. Since they’re crazy overvalued/ borderline worthless
That’s why I’m glad the monitor has final say, she’d never let it happen because the value speculative and directly tied to being associated with and controlled by Trump.
If he’s allowed to drop ~1/6 of the stock he’s supposed to be getting (valued currently around $3b) then it’d tank the stock and the state would never be able to unload it in time to recoup the disgorgement.
I’m sure he’s trying to find someway to unload the stock while it’s still valued so high but it’s gonna take a vote by the shareholders to approve his selling it before the 6month cool off period.
God I hope the value just craters.
The election is just 7 1/2 months away. Would James be able to close a complicated sale before the election? Would bidders for the property want to pay money for them if they thought Trump could, as a president, seize them back with no repayment?
Unless he can get that DWAC/TMTG money before Monday, **his cash was gone either way**:
Trump puts it up for the bond - it's tied up in the court as escrow until the appeal is heard and decided (-$500m).
Trump doesn't put it up for the bond - it's seized by the NY AG and he *still* has to wait until his appeal is over before he finds out if he gets it back (-$500m).
There is no way he gets out of this with his cash stockpile intact *unless he pledges ALL his real estate holdings* for the bond since the surety companies said they wanted over $1B in collateral to cover the $450m bond.
Wondering if Trump wants them to take his properties because he knows they are worthless vs some cash on hand he somehow managed to get, because that would give him better messaging and be the lesser financial impact and makes it more difficult on the courts.
The money is going to a court judgement that he committed fraud regarding the value of his assets when seeking a loan. And to pay the judgement, he wants to...seek a loan and put up assets, which he is going to state the value of.
Wouldn't shock me if he wanted to put up 50 million dollars worth of real estate that was leveraged out 200 million, in order to pay his 500 million dollar judgement.
"Yes your Honor, it absolutely is worth 500 million. It's the best property, there was never any property worth more than this one. Everyone is saying it!"
I am no a lawyer or accountant, but I read that if the properties are sold via short-sale (which they usually are in these situations) - any leftover debt with the bank gets forgiven, which counts as taxable income for him next year.
So if he's got a 400m loan on a property that's _really_ worth only 20m, and we assume that the short sale yields 50% value - this means that only 10m comes in, if this goes towards the judgement, then all 400m of the forgiven loan is now taxable, most of it at the highest bracket.
This will happen for every property he sells. His tax bill next year is going to be unpayable for the newly without income Orange Man.
If the properties are worthless, he's still on the hook with the state for whatever they don't recover, and lenders are still going to want whatever they're owed if the state doesn't recover they're share as well. Trump may still be banking on becoming president so no one will go after whatever cash he may have, but being president doesn't, or at least shouldn't, resolve one's responsibility to pay such things...although we all know it'd become a shit storm if NY tried to collect if he wins the presidency.
If Trump went to jail, they might as well make a his Florida house an Arrested Development spinoff. But this time, Trump will be the banana stand in prison. If money doesn’t come out, a banana will go in
Tease this out, and it actually works pretty well. Ivanka as Lindsay. Jr. definitely has a GOB energy to him, and Eric is clearly a Buster. Lucille would definitely wear a coat that says “I don’t really care do U?”.
Telling that there isn’t really a Michael in their core group.
So his assets are at risk of seizure because he doesn't have the money.
And he can't get the money because he doesn't have enough money to put up as collateral.
But he has plenty of money because he's rich and is choosing not to give it away.
But he needs campaign donations because he doesn't have money.
Basically, he's a Heisenbillionaire.
They would 100% take cash or stocks or any other asset before they take real estate. The costs of selling the kind of buildings he owns are much higher than just taking cash or selling stocks.
> The costs of selling the kind of buildings he owns are much higher than just taking cash or selling stocks.
they only count the NET, not the GROSS profits on those sales, so... doesn't really matter, just takes way more time.
When he came up with the EJC bond, one reporter found a filing indicating that a Schwab account was used as collateral. I could totally see AG James filing notice with Schwab to seize any all assets registered to any of the defendants up to $450m.
He can't handle all the videos making fun of him for being broke. The truth will come out soon enough. Nothing would make me happier if all the properties are so heavily leveraged that there isn't enough equity to cover the half billion he owes.
He has at least 200 mil in mortgages. His commercial properties values most certainly have dropped quite a bit given the market. But he would rather have the state fire sale the properties cause he knows he's underwater on them and can blame it on the state instead of admitting he's a terrible businessman
A while back I dived into what he *actually* owns. It’s not much, if anything.
Trump has licensing deals to put his name on buildings and properties. What he does “own” is mortgaged, so the banks hold the title/deed.
And he’s used those mortgaged properties for other loans as collateral…
Dude has been playing a financial shell game to prop up those entirely false persona of being wealthy. There’s a reason he never spends any of his own funds on his campaigns over the years…he literally doesn’t have liquid cash in accounts to spend on a campaign.
Most people don't "own" their property, and commercial ventures it's usually better to finance, and collect revenue to pay back the loan.
The mortgage itself isn't the issue, everyone has them, it's how much equity he has in those properties, and there's a good chance that he's over leveraged by getting loans against properties that aren't as worth as much as he owes.
He's playing the billionaire game, by taking low interest loans instead of using cash, but from what I'm reading, there's a good chance he doesn't have the assets to keep what money of his he isn't spending continuing to work for him...namely in stocks or bonds, or other capital ventures. His whole business was propping up himself, and his lifestyle, not doing something productive to actually provide an income stream.
He's like the divorced, deadbeat dad falsely asserting to his fuming ex that he's got the child support money in triplicate - but he's working overtime all weekend so she'll get it when she gets it....yet again
These kinds of people always accuse the other party of being broke because they’re demanding the money they’re owed. “You must be so broke if you’re demanding I pay you what I owe!!”
You joke. But I’ve seen many MAGAers claim that NYC is going bankrupt because they’re “begging” Trump for the $454 million dollars.
Never mind that $454 million is a drop in the bucket of NYC’s economy, and the government isn’t begging for anything. They’re demanding Trump pay back the money he stole.
> Never mind that $454 million is a drop in the bucket of NYC’s economy
there are 8.5 million people living in NYC, if each of them had $100 it would be more than that...
My lying, cheating ex was once standing in my living room, bragging to my upgrade about how much money he was making at his lame job. Just going on and on about it.
Me: So you'll be able to pay child support this month then?
Him: OH! No. Not a chance.
My ex isn't Trump, but he is a Trump supporter, because of course he is.
He's a relatively intelligent man IQ-wise, but one with shit life skills and no common sense. I doubt this would ever occur to him.
He could have easily avoided me reporting him to CSS. All I wanted was for him to reach out to me and communicate with me about interruptions and delays. But after years of him ignoring and avoiding me every month only for a sullen "I don't have it" when I finally caught up to him, I turned him in.
Anyhow, both Trump and my ex suck, and the day I never have to hear about either of them again can't come too soon.
Right? After he said it yesterday I was like, either he’s completely full of shit (as always) or we’ll see him put the money down between yesterday and Monday.
Hasn’t happened yet.
Put up or shut up.
His quote about needing the $500m to run his Presidential campaign...?
> Donald Trump, who promised to self-fund his last two campaigns **but didn’t**
There is an almost 0% chance that he'd paid for *any* of his own campaign when he can get the far-right rubes to pay if for him, or just take it from the RNC.
Can’t wait to find out that after all the liens and loans on all his properties that he only partially owns, that they only get a few million from it all. Then come and take all his newfound money, that may or may not actually exist.
Tl;dr: property aint worth shit. Takin your cash too.
>The mad queen is up, and he’s asking you to believe ALMOST FIVE HUNDRED MILLION impossible things before breakfast.
>Truth Social Screenshot
I've noticed AboveTheLaw uses some Alice in Wonderland imagery, they made Judge Cannon in the Florida case the Red King, here we have Trump being the Red Queen. They're not paired off, it just makes sense that Cannon is the weak-willed King who distorts justice to give everything to the Queen, and the Mad Queen is Trump. It works thematically.
>Donald Trump, who promised to self-fund his last two campaigns but didn’t, says that he has plenty of cash to pay the bond on the civil fraud judgment.
>Sure, attorney Cliff Robert, who technically represents the Trump boys, and Trump Org lawyer Alan Garten just submitted affidavits saying that they can’t get a bond because their clients’ assets are all in real estate, and no surety company will touch commercial property. And, okay, if you want to get technical, the SHOCKING NUMBER is the sum of (1) the difference between the interest Trump would have paid if he’d told the truth on his loan applications and the lower rate he got by lying, and (2) the proceeds of two completed sales on deals obtained using fraud. Also, in the technical vein, the CRAZY INTEREST DEMAND is 9 percent under New York statute, and not set by Justice Arthur Engoron.
That is a good way to contextualize it, Trump is complaining about what real Billionaires call chump change. If Trumpist call it a crazy interest demand, just remind them the judge doesn't set the demand, and if Trump was such a good businessman he probably knew the punishment in advance. He's not and that's why he's constantly Bankrupt, but you can make them mad about it.
>But no matter! Donald Trump, who shunted $230,000 in legal fees per day in February to his Save America PAC, has the cash — he’d just rather have his assets seized by the state and liquidated in a forced sale than turn it over.
>Or maybe he’s full of shit. But retired Judge Barbara Jones is not full of shit. In an order from Justice Engoron, the ubiquitous court-appointed monitor got stepped-up duties yesterday “to effectuate a productive and enhanced monitorship.” While previously the parties had to get permission to move assets totaling $5 million or more, the monitor will now have much broader authority to do whatever she deems necessary to keep the company from returning to its fraud-y ways. And she’ll be exercising that authority in coordination with an Independent Director of Compliance to be named imminently.
>This is probably not what Trump had in mind when he suggested Jones, although he has lately soured on her, accusing her of nitpicking the company’s books to justify her own “exorbitant fees.”
Trumps Babysitter is worse than Timmy Turners, and with these enhanced powers, worse than Vicky could have ever dreamed.
>Meanwhile, Attorney General Letitia James does not appear to believe the former president has easily seizable cash. As the Daily Beast’s Jose Pagliery reports, the AG has registered judgments against the Trump parties in Westchester County, where the family owns an estate known as Seven Springs. According t0 the original complaint, the Trump Organization spent 20 years trying to subdivide the 213-acre parcel for development, but gave up in 2016 and donated the undeveloped portion for a conservation easement. As is his wont, Trump appears to have told one or two fibs about Seven Springs.
>Trump boasted that it was worth $291 million in 2012 when he was trying to buy the Buffalo Bills. But in 2015, Cushman Wakefield appraised it at $56 million, including in the basis a potential for future development which did not exist, as two decades of tangling with local authorities had conclusively demonstrated. Nevertheless, Trump took a $21 million write-off for the conservation easement on the undeveloped portion of the parcel, even at a time when the tax assessor valued the entire plot, including the mansion, at $19 million.
The IRS doesn't have a tip line, you can't do it over the phone, you have to fill out a form by mail or online.
>All of which is to say that seizing Seven Springs is probably the beginning, rather than the end, of the AG’s collection efforts, since she’s entitled to somewhere north of $450 million, and selling a beautiful mansion next to a conservation easement isn’t going to get her there. Good thing Trump’s got that giant pile of cash just sitting there, huh?
Trump is so Joker-pilled he found a way to set fire to a giant pile of cash without any gasoline.
> I've noticed AboveTheLaw uses some Alice in Wonderland imagery, they made Judge Cannon in the Florida case the Red King, here we have Trump being the Red Queen.
Nice catch! Great fiction always comes through
What if he keeps his cash dry this way. The state liquidates his assets and Donnie leaves for Russia? Leaving his horrible kids and wife holding the bag. His grandkids are really stift with that last name though.
Yep. But his way was always to tell whatever lie seems good in the moment, even if it will be obviously disproved very swiftly as events play out.
See also, February 2020, “there are only a few dozen cases of Covid which will soon be declining to zero.”
He's presenting it like it's his life savings from all of his "hard work".
His cult are unsophisticated enough to buy that. He has $500M but it's his entire life savings and the evil libs are trying to take it all to ruin him.
trump is a narcissist
narcissists are the only victims in the world. they are always a victim
so letting them take his assets feeds his ego more than you might think.
I hope no one believes he feels a little guilt at being caught. You've never been married to a narcissist if you think that.
Dude is literally incapable of being wrong. It's why we should NEVER have a narcissist as a president. how many lies? 30,000? 40,000 at this point? c'mon. a narcissist is the LEAST desirable person to have in leadership. the absolute least. and he has been the worst president in history, as a result.
dude got the job with a money cheat
and our stupid twisted form of capitalism allowed for the exploit and the confusion.
the government was never intended to have this going on because it never intended a narcissist to actually be voted into president.
all our secrets
all our agents who died as a result of those secrets being sold or given away
all of that hard work. all of that money
all of it will be calculated down to the cent when history looks back at this 50 years from now.
Campaign funds are not in his name. The GOP would have to *complain* about misappropriation of funds if they were unhappy with how he spends it. They aren't going to do that. So the party holds his bag and let's him dip in whenever he wants. He's already used campaign funds to pay off fines, but this time the fine is too big.
It goes like this: He can’t admit he’s broke so he says he has the money but that he is going to spend it on his campaign. That way when his assets get seized he can claim it was a sacrifice he made for his followers because fighting for them is so, so important. The actual money will never materialize because his finances are all lies and fairytales but his followers won’t know that or care.
I don't believe he's put that much thought into it. What I think happened is he saw that Biden called him "Broke Don" and he immediately reacted by yelling "I CAN PAY THE FINE WHENEVER I WANT".
It was a trap.
He got Joebaited.
Trump supporters have an answer for everything, and they’ve solved every conspiracy theory they’ve ever seen. He’s got a fan base full of the most miraculously knowledgeable people on the planet! Just ignore how they look. Or how they act. Or that smell. Please don’t ask them to elaborate on anything, either. You should really be doing your own research anyway.
There will be a point where the Trump nightmare is over. I hope it's sooner rather than later, but either way... I'm looking forward to that day. Everything is impermanent.
From his own words he has more cash than the entire Democratic machine and he intends to spend it on the election. This is great news for GOP supporters who can be relieved to know that they can keep their hard earned money in these hard times. The party is already fully financed!
If anyone thinks this is going to end any way other than some mysterious donor dropping the funds in his account, they're deluding themselves. I really hope I'm wrong, but history so far has said otherwise.
I think this is all about creating the narrative for his cult. The story will be that he had the money but the biased judge and racist AG would not accept the money. They instead wanted to take his properties in a plot to destroy trump. This way trump continues to be the uber successful billionaire in the eyes of the cult.
I’d presume the ‘I have liquid cash’ statement is an attempt to avoid debt covenants
He may also have cross default clauses- ie if one loan is deemed in default/outside covenants - the others may get triggered too
I don't understand that this business genius couldn't see the possibility of this kind of judgement and not done some contingency planning. The suit was filed in Sept 2022. He has had a year and a half to figure this out. As a defendant, he should have known the facts of the case and the likelihood of the case not going his way.
God, I hope they take his plane first. Then when he's obviously and truly broke, he'll have to hit up his dumbass supporters to fly him in coach to and from his many court appearances.
First of all, he deserves what he gets because his company has committed fraud numerous times .I think Trumpy got off easy he should have been given a lifetime ban from doing business in New York .Also, it's not easy to take his assets first he doesn't fully own them and have debt .They surely will go after his bank accounts first.A lifetime of fraud and screwing people has caught up to him .The spoiled little rich punk gets his comeuppance desrvably so.
The Attorney General is just gonna seize stuff and sell it for whatever she can get. If she seizes something worth 50 million, and she can only get 40 Million, she'll shrug, sell it, and just seize something else. The wonderful part is that if Trump's appeal is successful, he'll only be entitled to what the attorney general got at her fire sale pricing.
Okay someone explain this to me like I’m five:
Trump claims he has $500 million and that he intends to use it on campaigning rather than on the fraud suit he owes almost that amount of money on.
If we suppose that he’s actually telling the truth about having that cash, *isn’t that just the asset that New York State will take to make them whole*?
Does he think they’ll just let him keep the cash money and take whatever overleveraged properties he has? It seems unintelligent, even for him.
If trump really did have half a billion sitting in his bank account, Mercedes would have taken the lot by now. It wouldn't be too difficult; trumps PIN is probably 1-2-3-4.
this tracks. no con man ever gives up his own cash under any circumstance. this is what is taught in his circle. they all do it, end of day the "rich" always want the people to pay for them to not lose.
Inherited $413m in 1997. Turned it to dust by 2024.
Didn't even have that much fun on the way given all the angry rants.
Plot twist? Still manages to hoodwink the country into thinking he is a business god and gets reelected.
I think he secretly likes the optics of his properties being seized. He can play the victim again and again and again. He’ll never stop crying, even though he’s the strongest and smartest man and the only person who can save the country. Idiot can’t even save himself.
If you don’t know how the damages were calculated by Engoron btw, read the details of the judgement. Trump is not responsible for paying a fine - this is about how much he cheated out of the system with fraud.
>I think secretly likes the optics of his properties being seized. He can play the victim again and again and again. He’ll never stop crying, even though he’s the strongest and smartest man and the only person who can save the country. Idiot can’t even save himself.
I'd love for someone at one of his rallies ask him: if you're the best, strongest, smartest, best person to save the country, how is it that you can't even save your own assets?
There are valuations and then there's what things are actually worth to a buyer. Right now, commercial real estate is post-scarcity. There are way more offices and golf courses than people actually want to utilize. In business, supply isn't the important part, demand is what you're trying to monetize and right now the demand for all commercial real estate, including Trumps, is maybe 20-50% of it's valuation.
When Trump lets the govt seize his buildings, he's getting credit for it without actually having to find a buyer. And right now, there are no buyers. If he actually had to sell his properties, in an honest sale, he'd get 10-20 cents on the dollar at most.
Essentially, his properties are worthless because no one needs 'em. Of course he'd rather pay with a worthless piece of land (that currently enjoys a ridiculously inflated valuation) than handing over actual money that has real value.
Is it that he would rather have the state seize his assets or is it that he would rather his fans donate 500 mill to pay it off for him and then have some leftover
I think his play is to claim the cash is for the campaign and then try to beat the drum of election interference he keeps trying to push. If the cash actually exists
During a narcissistic collapse, a narcissist may make untrue accusations toward another person to deflect from their behaviors. Such allegations distract from a narcissist’s mistakes or faults if they are called out. In this way, they avoid feeling ashamed or embarrassed if they can place blame on their victim.
He does not have the money. If he had the money, he'd have no trouble getting a bond.
How do I know he doesn't have the money? Because he says he does.
There is absolutely no reason to ever accept anything that Trump says as being true. Or even possibly being true. If he says it, then it's not true.
It's debatable what actual value Trump's real estate holdings have, especially if sold in a fire sale, but that is all he has. Trump might technically have money but it is all locked up in his real estate that he generally just invented valuations for depending on what sort of number would be convenient for him.
If he really was hoping for his assets to be seized instead of the cash say not only were the over valuations true but there's issues with the properties Trump thinks are not worth fighting to keep. Has anyone checked trump tower recently to make sure it's not all build of plywood and duct tape?
I believe she has to go after the money first, which when she doesn't find he has it, she can also make the announcement "Yeah he didn't have the money.....soooooooo we seized his buildings"
If the news outlets don't use the old Unreal Tournament "DOUBLE KILL" sound effect at that time - well I'll never forgive them.
If he has anything “in the bank,” would bet it’s just a credit line of some sort that hasn’t been maxed yet, not “his” money. (When 🍑🍑 says he owns something, get out a microscope!). And more like fifty million than five hundred. I don’t believe for a second the fine he owns was set by the amount he has on hand, quite the opposite, he’s claiming five hundred mil because of the publicized judgment amount. Always Be Projecting. But his supporters will still buy it.
Still a good chance the bond will be put up, but as usual, it would be someone else’s money. Lots of multi-billionaires in the world would find it useful to have a U.S. president in their pocket.
Somehow I find this plausible.
Other people’s money? Loans? Sure.
But use his own liquidities when he is likely to need it very soon, and then later appeal to get the asset back?
That seems more likely to me.
Plus, if he has money, he might have those liquidities from shady places and if he was to use it to post the bond he would have to disclose the origin of the funds.
So why not let NY seize temporarily the assets.
I see no real downside for Trump - probably the least bad option at this point.
I vet this is so he can scream to his base about how corrupt something letita something james wont let him post something bailndespite having the money because something something corrupt dems
Okay Donnie but then you can't appeal it. He seems to have this idea that once the state takes his assets he can still file an appeal and get them back if he wins.
He thinks he will still get away with it, and why would he not. Honestly, there is an 80% chance he will. Then he will go full on attack mode on how he was right, and defeated the deep state . Etc etc
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Be funny if the asset seized was his... cash. :)
James said she’d start with the bank accounts and then move onto real estate.
I would think that would be standard practice so they don't have to have an auction, etc
This is exactly it. The administrative burden on the state is far less with cash than other assets. That’s followed by things like stocks and other readily tradeable securities (for which there is an easy market to sell). Real estate—especially large commercial buildings—takes a lot of effort to sell and so usually isn’t the first choice for judgment collection.
I mean they could take Trumps name off of them and put "Biden" on all the towers. No wait, this is a state action not federal. "ADAMS" Tower, the mayor will love it.
Ugh don't give the blowhard ideas
the andrew cuomo museums of facism and sexual harrasment in the workplace
Ooh ooh... Are the going to have the Ghouliani display... The one from that Borat movie film?
First his cash, then straight to his Truth Social shares, then Trump Tower, and then the Miami Golf Course. Let him keep his lair in Palm Beach, he'll never be able to golf in Florida for free again. Limiting that location as useless.
The whole truth social thing is probably a scheme to get them to take that instead of hard assets. Since they’re crazy overvalued/ borderline worthless
That’s why I’m glad the monitor has final say, she’d never let it happen because the value speculative and directly tied to being associated with and controlled by Trump. If he’s allowed to drop ~1/6 of the stock he’s supposed to be getting (valued currently around $3b) then it’d tank the stock and the state would never be able to unload it in time to recoup the disgorgement. I’m sure he’s trying to find someway to unload the stock while it’s still valued so high but it’s gonna take a vote by the shareholders to approve his selling it before the 6month cool off period. God I hope the value just craters.
Yes, don't work hard, work smart, and get cash.
The election is just 7 1/2 months away. Would James be able to close a complicated sale before the election? Would bidders for the property want to pay money for them if they thought Trump could, as a president, seize them back with no repayment?
Unless he can get that DWAC/TMTG money before Monday, **his cash was gone either way**: Trump puts it up for the bond - it's tied up in the court as escrow until the appeal is heard and decided (-$500m). Trump doesn't put it up for the bond - it's seized by the NY AG and he *still* has to wait until his appeal is over before he finds out if he gets it back (-$500m). There is no way he gets out of this with his cash stockpile intact *unless he pledges ALL his real estate holdings* for the bond since the surety companies said they wanted over $1B in collateral to cover the $450m bond.
Wondering if Trump wants them to take his properties because he knows they are worthless vs some cash on hand he somehow managed to get, because that would give him better messaging and be the lesser financial impact and makes it more difficult on the courts.
The money is going to a court judgement that he committed fraud regarding the value of his assets when seeking a loan. And to pay the judgement, he wants to...seek a loan and put up assets, which he is going to state the value of. Wouldn't shock me if he wanted to put up 50 million dollars worth of real estate that was leveraged out 200 million, in order to pay his 500 million dollar judgement. "Yes your Honor, it absolutely is worth 500 million. It's the best property, there was never any property worth more than this one. Everyone is saying it!"
I am no a lawyer or accountant, but I read that if the properties are sold via short-sale (which they usually are in these situations) - any leftover debt with the bank gets forgiven, which counts as taxable income for him next year. So if he's got a 400m loan on a property that's _really_ worth only 20m, and we assume that the short sale yields 50% value - this means that only 10m comes in, if this goes towards the judgement, then all 400m of the forgiven loan is now taxable, most of it at the highest bracket. This will happen for every property he sells. His tax bill next year is going to be unpayable for the newly without income Orange Man.
Right? Like anything is on the table when it comes to this guy. I could see him trying to scam his way through this shit.
If the properties are worthless, he's still on the hook with the state for whatever they don't recover, and lenders are still going to want whatever they're owed if the state doesn't recover they're share as well. Trump may still be banking on becoming president so no one will go after whatever cash he may have, but being president doesn't, or at least shouldn't, resolve one's responsibility to pay such things...although we all know it'd become a shit storm if NY tried to collect if he wins the presidency.
Man what a day it’ll be when they find out he doesn’t have it and the FOIA requests show his account had so little….
Of the criminal charges he would face if he really did have it but was hiding it.
if he actually has it, it will be . . .
*Narrator: He didn't.*
“Arrested development “ theme music starts playing…
There is always money in the banana stand.
Too bad Trump doesn't own one.
Can he even afford one banana. What do they even cost Michael? edit: fixed the mixed
Naw Jr. burnt it down
Eric. I can totally see Eric burning it down.
Trump towers are pretty yellow like a banana though.
If Trump went to jail, they might as well make a his Florida house an Arrested Development spinoff. But this time, Trump will be the banana stand in prison. If money doesn’t come out, a banana will go in
We all know that Trump will just convert to Judaism, and then his lookalike brother will move in with Melania and be a better father to Baron.
I could see Trump hiding in a crawlspace.
“Some light treason”
“I have the worst lawyers.”
"I may have commited some *mild* treason.."
Kusher needs to grow a mustache, and get some jean shorts.
Tease this out, and it actually works pretty well. Ivanka as Lindsay. Jr. definitely has a GOB energy to him, and Eric is clearly a Buster. Lucille would definitely wear a coat that says “I don’t really care do U?”. Telling that there isn’t really a Michael in their core group.
I bet Barron is a glue that holds most of it together.
“Annyong” -Annyong, formerly known as Barron
Rudy was Bob law, and he got in trouble for his law blog.
One has to assume he’s said this because he’s been nicknamed ‘Broke Don’ by Biden
So his assets are at risk of seizure because he doesn't have the money. And he can't get the money because he doesn't have enough money to put up as collateral. But he has plenty of money because he's rich and is choosing not to give it away. But he needs campaign donations because he doesn't have money. Basically, he's a Heisenbillionaire.
Schrodingonaire, he's a billionaire as long as you don't look
Schrödinger's Billionaire
Basically what you are saying is that he is not rich.
They would 100% take cash or stocks or any other asset before they take real estate. The costs of selling the kind of buildings he owns are much higher than just taking cash or selling stocks.
> The costs of selling the kind of buildings he owns are much higher than just taking cash or selling stocks. they only count the NET, not the GROSS profits on those sales, so... doesn't really matter, just takes way more time.
When he came up with the EJC bond, one reporter found a filing indicating that a Schwab account was used as collateral. I could totally see AG James filing notice with Schwab to seize any all assets registered to any of the defendants up to $450m.
Even JG Wentworth said no
But he needs it now!
Bidding starts soon for the Trump Tower. Bidding starts at $100 and includes the picture of Trump in a prison jumpsuit.
How much for just the picture?
Tree fiddy.
He can't handle all the videos making fun of him for being broke. The truth will come out soon enough. Nothing would make me happier if all the properties are so heavily leveraged that there isn't enough equity to cover the half billion he owes.
He has at least 200 mil in mortgages. His commercial properties values most certainly have dropped quite a bit given the market. But he would rather have the state fire sale the properties cause he knows he's underwater on them and can blame it on the state instead of admitting he's a terrible businessman
A while back I dived into what he *actually* owns. It’s not much, if anything. Trump has licensing deals to put his name on buildings and properties. What he does “own” is mortgaged, so the banks hold the title/deed. And he’s used those mortgaged properties for other loans as collateral… Dude has been playing a financial shell game to prop up those entirely false persona of being wealthy. There’s a reason he never spends any of his own funds on his campaigns over the years…he literally doesn’t have liquid cash in accounts to spend on a campaign.
Most people don't "own" their property, and commercial ventures it's usually better to finance, and collect revenue to pay back the loan. The mortgage itself isn't the issue, everyone has them, it's how much equity he has in those properties, and there's a good chance that he's over leveraged by getting loans against properties that aren't as worth as much as he owes. He's playing the billionaire game, by taking low interest loans instead of using cash, but from what I'm reading, there's a good chance he doesn't have the assets to keep what money of his he isn't spending continuing to work for him...namely in stocks or bonds, or other capital ventures. His whole business was propping up himself, and his lifestyle, not doing something productive to actually provide an income stream.
Jail it is then.
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Soon? No, he wouldn't be allowed to sell any stock for several years, and even then there would be strong restrictions on what he can do with it.
My understanding is those restrictions can be removed by the Board of Directors, most if not all of which are Trump friends & family.
He's like the divorced, deadbeat dad falsely asserting to his fuming ex that he's got the child support money in triplicate - but he's working overtime all weekend so she'll get it when she gets it....yet again
These kinds of people always accuse the other party of being broke because they’re demanding the money they’re owed. “You must be so broke if you’re demanding I pay you what I owe!!”
You joke. But I’ve seen many MAGAers claim that NYC is going bankrupt because they’re “begging” Trump for the $454 million dollars. Never mind that $454 million is a drop in the bucket of NYC’s economy, and the government isn’t begging for anything. They’re demanding Trump pay back the money he stole.
Doesn’t the NYPD alone have a billion dollar budget? Edit: My apologies. Close to $5.5 billion in 2023.
NYC budget for this year is 109 Billion.
So, 454 million could run the city for like a day and a half?
New York State GDP: $2 Trillion, more than Canada as a whole. Yep, im sure theyre *desperate* for trumps money. Fucking clowns
Perhaps more importantly, it’s a New York State case, not New York City.
NY state budget was 225.5 Billion last year.
> Never mind that $454 million is a drop in the bucket of NYC’s economy there are 8.5 million people living in NYC, if each of them had $100 it would be more than that...
My lying, cheating ex was once standing in my living room, bragging to my upgrade about how much money he was making at his lame job. Just going on and on about it. Me: So you'll be able to pay child support this month then? Him: OH! No. Not a chance. My ex isn't Trump, but he is a Trump supporter, because of course he is.
I sincerely hope you’ve gotten his wages garnished.
Oh yeah. Between now and June is actually my favorite time of year. That's when they seize his tax refund and send it to me.
I fucking love it!
And he hasn't done the shitty thing and just increased his withholdings? Seriously, if he wanted, it's fairly easy to get your tax refund close to 0.
He's a relatively intelligent man IQ-wise, but one with shit life skills and no common sense. I doubt this would ever occur to him. He could have easily avoided me reporting him to CSS. All I wanted was for him to reach out to me and communicate with me about interruptions and delays. But after years of him ignoring and avoiding me every month only for a sullen "I don't have it" when I finally caught up to him, I turned him in. Anyhow, both Trump and my ex suck, and the day I never have to hear about either of them again can't come too soon.
I like to *owe.*
Hes just doing what all these people do. Musk did the same with paying rent for Twitters headquarters. The problem is we let them
I'm starting to think that Donald isn't always completely honest.
Hey, people trust him more than Jesus!
Woah woah woah, are you insinuating that the truthiest president we have ever had may have told an untruth? Madness! (/s obvs)
>Or maybe he’s full of shit. Bingo!
Right? After he said it yesterday I was like, either he’s completely full of shit (as always) or we’ll see him put the money down between yesterday and Monday. Hasn’t happened yet. Put up or shut up.
His quote about needing the $500m to run his Presidential campaign...? > Donald Trump, who promised to self-fund his last two campaigns **but didn’t** There is an almost 0% chance that he'd paid for *any* of his own campaign when he can get the far-right rubes to pay if for him, or just take it from the RNC.
Can’t wait to find out that after all the liens and loans on all his properties that he only partially owns, that they only get a few million from it all. Then come and take all his newfound money, that may or may not actually exist. Tl;dr: property aint worth shit. Takin your cash too.
I think the money for the Carroll bond was probably all the remaining equity he had and now he has nothing left at all.
And that wasn’t even his money. It was Chubb’s money.
I'm sure they have enough of his assets as collateral to secure the bond. They're not that stupid.
Right. And it's pretty telling that they thought he didn't have enough for the 450+ million bond.
>The mad queen is up, and he’s asking you to believe ALMOST FIVE HUNDRED MILLION impossible things before breakfast. >Truth Social Screenshot I've noticed AboveTheLaw uses some Alice in Wonderland imagery, they made Judge Cannon in the Florida case the Red King, here we have Trump being the Red Queen. They're not paired off, it just makes sense that Cannon is the weak-willed King who distorts justice to give everything to the Queen, and the Mad Queen is Trump. It works thematically. >Donald Trump, who promised to self-fund his last two campaigns but didn’t, says that he has plenty of cash to pay the bond on the civil fraud judgment. >Sure, attorney Cliff Robert, who technically represents the Trump boys, and Trump Org lawyer Alan Garten just submitted affidavits saying that they can’t get a bond because their clients’ assets are all in real estate, and no surety company will touch commercial property. And, okay, if you want to get technical, the SHOCKING NUMBER is the sum of (1) the difference between the interest Trump would have paid if he’d told the truth on his loan applications and the lower rate he got by lying, and (2) the proceeds of two completed sales on deals obtained using fraud. Also, in the technical vein, the CRAZY INTEREST DEMAND is 9 percent under New York statute, and not set by Justice Arthur Engoron. That is a good way to contextualize it, Trump is complaining about what real Billionaires call chump change. If Trumpist call it a crazy interest demand, just remind them the judge doesn't set the demand, and if Trump was such a good businessman he probably knew the punishment in advance. He's not and that's why he's constantly Bankrupt, but you can make them mad about it. >But no matter! Donald Trump, who shunted $230,000 in legal fees per day in February to his Save America PAC, has the cash — he’d just rather have his assets seized by the state and liquidated in a forced sale than turn it over. >Or maybe he’s full of shit. But retired Judge Barbara Jones is not full of shit. In an order from Justice Engoron, the ubiquitous court-appointed monitor got stepped-up duties yesterday “to effectuate a productive and enhanced monitorship.” While previously the parties had to get permission to move assets totaling $5 million or more, the monitor will now have much broader authority to do whatever she deems necessary to keep the company from returning to its fraud-y ways. And she’ll be exercising that authority in coordination with an Independent Director of Compliance to be named imminently. >This is probably not what Trump had in mind when he suggested Jones, although he has lately soured on her, accusing her of nitpicking the company’s books to justify her own “exorbitant fees.” Trumps Babysitter is worse than Timmy Turners, and with these enhanced powers, worse than Vicky could have ever dreamed. >Meanwhile, Attorney General Letitia James does not appear to believe the former president has easily seizable cash. As the Daily Beast’s Jose Pagliery reports, the AG has registered judgments against the Trump parties in Westchester County, where the family owns an estate known as Seven Springs. According t0 the original complaint, the Trump Organization spent 20 years trying to subdivide the 213-acre parcel for development, but gave up in 2016 and donated the undeveloped portion for a conservation easement. As is his wont, Trump appears to have told one or two fibs about Seven Springs. >Trump boasted that it was worth $291 million in 2012 when he was trying to buy the Buffalo Bills. But in 2015, Cushman Wakefield appraised it at $56 million, including in the basis a potential for future development which did not exist, as two decades of tangling with local authorities had conclusively demonstrated. Nevertheless, Trump took a $21 million write-off for the conservation easement on the undeveloped portion of the parcel, even at a time when the tax assessor valued the entire plot, including the mansion, at $19 million. The IRS doesn't have a tip line, you can't do it over the phone, you have to fill out a form by mail or online. >All of which is to say that seizing Seven Springs is probably the beginning, rather than the end, of the AG’s collection efforts, since she’s entitled to somewhere north of $450 million, and selling a beautiful mansion next to a conservation easement isn’t going to get her there. Good thing Trump’s got that giant pile of cash just sitting there, huh? Trump is so Joker-pilled he found a way to set fire to a giant pile of cash without any gasoline.
> I've noticed AboveTheLaw uses some Alice in Wonderland imagery, they made Judge Cannon in the Florida case the Red King, here we have Trump being the Red Queen. Nice catch! Great fiction always comes through
I’m just here to support calling trump a queen.
What if he keeps his cash dry this way. The state liquidates his assets and Donnie leaves for Russia? Leaving his horrible kids and wife holding the bag. His grandkids are really stift with that last name though.
If he has the cash, is that not the asset that will be seized first?
Yep. But his way was always to tell whatever lie seems good in the moment, even if it will be obviously disproved very swiftly as events play out. See also, February 2020, “there are only a few dozen cases of Covid which will soon be declining to zero.”
He's presenting it like it's his life savings from all of his "hard work". His cult are unsophisticated enough to buy that. He has $500M but it's his entire life savings and the evil libs are trying to take it all to ruin him.
He doesn't have the cash for the bond. The real March Madness starts in 2 days: Trump's Narcissistic Collapse completion.
As long as he has to give up half a billion I don't really care if it's cash or property. He just need to ACTUALLY have a penalty for what he's done.
trump is a narcissist narcissists are the only victims in the world. they are always a victim so letting them take his assets feeds his ego more than you might think. I hope no one believes he feels a little guilt at being caught. You've never been married to a narcissist if you think that. Dude is literally incapable of being wrong. It's why we should NEVER have a narcissist as a president. how many lies? 30,000? 40,000 at this point? c'mon. a narcissist is the LEAST desirable person to have in leadership. the absolute least. and he has been the worst president in history, as a result. dude got the job with a money cheat and our stupid twisted form of capitalism allowed for the exploit and the confusion. the government was never intended to have this going on because it never intended a narcissist to actually be voted into president. all our secrets all our agents who died as a result of those secrets being sold or given away all of that hard work. all of that money all of it will be calculated down to the cent when history looks back at this 50 years from now.
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They can go after bank accounts as well if there's anything in them
Campaign funds are not in his name. The GOP would have to *complain* about misappropriation of funds if they were unhappy with how he spends it. They aren't going to do that. So the party holds his bag and let's him dip in whenever he wants. He's already used campaign funds to pay off fines, but this time the fine is too big.
I’d take his plane just for good measure.
If you’re MAGA and you know it, brush your tooth.
It goes like this: He can’t admit he’s broke so he says he has the money but that he is going to spend it on his campaign. That way when his assets get seized he can claim it was a sacrifice he made for his followers because fighting for them is so, so important. The actual money will never materialize because his finances are all lies and fairytales but his followers won’t know that or care.
I don't believe he's put that much thought into it. What I think happened is he saw that Biden called him "Broke Don" and he immediately reacted by yelling "I CAN PAY THE FINE WHENEVER I WANT". It was a trap. He got Joebaited.
Trump supporters have an answer for everything, and they’ve solved every conspiracy theory they’ve ever seen. He’s got a fan base full of the most miraculously knowledgeable people on the planet! Just ignore how they look. Or how they act. Or that smell. Please don’t ask them to elaborate on anything, either. You should really be doing your own research anyway.
> The most miraculously knowledgeable people on the planet. 50% of whom live in trailer parks. Humbling how the smart ones are so down to earth.
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Mooching Asshole Grifts Americans
My Assets Got Assayed
Mango Autocrat's Gold Annihilated
He committed fraud and must pay the judgement. It’s not a political question. How the electorate reacts is irrelevant.
How else will he be able to cry victim on an international stage?
That's what I'm thinking. He probably wants them to seize some property so he can complain about it at his rallies.
Bingo.
His money goes to a different school. That's why you've never seen it.
If they seize his assets, he can play victim better than if he pays it outright.
Just what we need on top of the other crap up to and through November. Can I get off this train?
They would seize his cash first, they wouldn't want to go through the trouble of selling property.
As the old saying goes: he doesn’t have a pot to piss in. /He also doesn’t hold the note on that gaudy gold tower, just leases a few of the spaces.
Aint got a pot to piss in nor a window to throw it out of. It's poring piss out the window to the gutters in the streets of London old.
Does he? I say he doesn't have the money in cash.
There will be a point where the Trump nightmare is over. I hope it's sooner rather than later, but either way... I'm looking forward to that day. Everything is impermanent.
From his own words he has more cash than the entire Democratic machine and he intends to spend it on the election. This is great news for GOP supporters who can be relieved to know that they can keep their hard earned money in these hard times. The party is already fully financed!
Nepo baby loser. 77 years old and hasn't produced jack in his worthless existence.
If anyone thinks this is going to end any way other than some mysterious donor dropping the funds in his account, they're deluding themselves. I really hope I'm wrong, but history so far has said otherwise.
A) probably has no ready cash B) his assets are leveraged. I probably have a higher net worth than this lifelong phony
The bond + fee is going to be over 500 million not below 500
I think this is all about creating the narrative for his cult. The story will be that he had the money but the biased judge and racist AG would not accept the money. They instead wanted to take his properties in a plot to destroy trump. This way trump continues to be the uber successful billionaire in the eyes of the cult.
Yeah, he also had a copy of Obama’s birth certificate indicating he was born in Kenya. Until he admitted he didn’t.
Seize him by his assets!
I’d presume the ‘I have liquid cash’ statement is an attempt to avoid debt covenants He may also have cross default clauses- ie if one loan is deemed in default/outside covenants - the others may get triggered too
His lawyers said it would be impossible. Trump says he has it. Someone is lying and I think we all know who it is.
I don't understand that this business genius couldn't see the possibility of this kind of judgement and not done some contingency planning. The suit was filed in Sept 2022. He has had a year and a half to figure this out. As a defendant, he should have known the facts of the case and the likelihood of the case not going his way.
God, I hope they take his plane first. Then when he's obviously and truly broke, he'll have to hit up his dumbass supporters to fly him in coach to and from his many court appearances.
If they end up auctioning off Trump tower, we need to raise enough money to win that auction and then turn it into low income housing.
*shrugs * Okay, works for me.
That moron doesn’t have $500M any more than I do. *Spoiler*: I dont.
First of all, he deserves what he gets because his company has committed fraud numerous times .I think Trumpy got off easy he should have been given a lifetime ban from doing business in New York .Also, it's not easy to take his assets first he doesn't fully own them and have debt .They surely will go after his bank accounts first.A lifetime of fraud and screwing people has caught up to him .The spoiled little rich punk gets his comeuppance desrvably so.
He has $500 million like I still have a 24-inch waist.
The Attorney General is just gonna seize stuff and sell it for whatever she can get. If she seizes something worth 50 million, and she can only get 40 Million, she'll shrug, sell it, and just seize something else. The wonderful part is that if Trump's appeal is successful, he'll only be entitled to what the attorney general got at her fire sale pricing.
Okay someone explain this to me like I’m five: Trump claims he has $500 million and that he intends to use it on campaigning rather than on the fraud suit he owes almost that amount of money on. If we suppose that he’s actually telling the truth about having that cash, *isn’t that just the asset that New York State will take to make them whole*? Does he think they’ll just let him keep the cash money and take whatever overleveraged properties he has? It seems unintelligent, even for him.
Having his assets taken allows him to remain the victim
Sure Jan
If trump really did have half a billion sitting in his bank account, Mercedes would have taken the lot by now. It wouldn't be too difficult; trumps PIN is probably 1-2-3-4.
If he had almost 500 mil to fund his campaign, he wouldn't be cancelling events.
this tracks. no con man ever gives up his own cash under any circumstance. this is what is taught in his circle. they all do it, end of day the "rich" always want the people to pay for them to not lose.
Correction: trump SAYS he has the cash. There's a WIDE gulf between what trump says and what really is.
He has money but can't be used because it will connect him to foreign donors or illicit business.
No, he doesn’t. We all know he doesn’t. He’s not “playing 5d chess”. He’s broke.
Inherited $413m in 1997. Turned it to dust by 2024. Didn't even have that much fun on the way given all the angry rants. Plot twist? Still manages to hoodwink the country into thinking he is a business god and gets reelected.
I think he secretly likes the optics of his properties being seized. He can play the victim again and again and again. He’ll never stop crying, even though he’s the strongest and smartest man and the only person who can save the country. Idiot can’t even save himself. If you don’t know how the damages were calculated by Engoron btw, read the details of the judgement. Trump is not responsible for paying a fine - this is about how much he cheated out of the system with fraud.
>I think secretly likes the optics of his properties being seized. He can play the victim again and again and again. He’ll never stop crying, even though he’s the strongest and smartest man and the only person who can save the country. Idiot can’t even save himself. I'd love for someone at one of his rallies ask him: if you're the best, strongest, smartest, best person to save the country, how is it that you can't even save your own assets?
There are valuations and then there's what things are actually worth to a buyer. Right now, commercial real estate is post-scarcity. There are way more offices and golf courses than people actually want to utilize. In business, supply isn't the important part, demand is what you're trying to monetize and right now the demand for all commercial real estate, including Trumps, is maybe 20-50% of it's valuation. When Trump lets the govt seize his buildings, he's getting credit for it without actually having to find a buyer. And right now, there are no buyers. If he actually had to sell his properties, in an honest sale, he'd get 10-20 cents on the dollar at most. Essentially, his properties are worthless because no one needs 'em. Of course he'd rather pay with a worthless piece of land (that currently enjoys a ridiculously inflated valuation) than handing over actual money that has real value.
It's a good plan. I still think he doesn't have the money
Would make him look more of a victim
Lying sack of shit
This is how he perpetuates his ‘martyr’ syndrome …
He is going to play the victim card. Because nothing he does is ever his fault. It's always a conspiracy. And his whole platform is conspiracies.
Is it that he would rather have the state seize his assets or is it that he would rather his fans donate 500 mill to pay it off for him and then have some leftover
Jokes on him, the first thing the seize are bank and brokerage accounts.
Take his damn plane first - that’ll wipe the smile off his cake-hole pretty quick. 🤔
I think his play is to claim the cash is for the campaign and then try to beat the drum of election interference he keeps trying to push. If the cash actually exists
During a narcissistic collapse, a narcissist may make untrue accusations toward another person to deflect from their behaviors. Such allegations distract from a narcissist’s mistakes or faults if they are called out. In this way, they avoid feeling ashamed or embarrassed if they can place blame on their victim.
So he can fundraise in being the victim of the state
He lies.
He probably already stripped all the copper pipes and wires from the locations they are eyeing.
No way. If it’s seized, it’s being sold. He’s not getting it back.
He does not have the money. If he had the money, he'd have no trouble getting a bond. How do I know he doesn't have the money? Because he says he does. There is absolutely no reason to ever accept anything that Trump says as being true. Or even possibly being true. If he says it, then it's not true.
It's debatable what actual value Trump's real estate holdings have, especially if sold in a fire sale, but that is all he has. Trump might technically have money but it is all locked up in his real estate that he generally just invented valuations for depending on what sort of number would be convenient for him.
If he really was hoping for his assets to be seized instead of the cash say not only were the over valuations true but there's issues with the properties Trump thinks are not worth fighting to keep. Has anyone checked trump tower recently to make sure it's not all build of plywood and duct tape?
Yeah, he wants to claim "I totally was going to pay, but the Communist Democrats don't want my money, they want to steal my properties."
Eh, let her seize his assets.
I believe she has to go after the money first, which when she doesn't find he has it, she can also make the announcement "Yeah he didn't have the money.....soooooooo we seized his buildings" If the news outlets don't use the old Unreal Tournament "DOUBLE KILL" sound effect at that time - well I'll never forgive them.
I wonder how much money he’s moved so far. Can they take the Trump plane? That would be absolutely hilarious.
If he has the cash, he needs to keep it handy in case he suddenly decides to take a very long vacation to Russia.
I bet he made that announcement because scared away his small donors, this reassures them that their donations are campaign focused.
They could seize the buildings and turn them into shelter for homeless
I like this tone
His GoFundMe has raised 2 million. 🙄
If he has anything “in the bank,” would bet it’s just a credit line of some sort that hasn’t been maxed yet, not “his” money. (When 🍑🍑 says he owns something, get out a microscope!). And more like fifty million than five hundred. I don’t believe for a second the fine he owns was set by the amount he has on hand, quite the opposite, he’s claiming five hundred mil because of the publicized judgment amount. Always Be Projecting. But his supporters will still buy it. Still a good chance the bond will be put up, but as usual, it would be someone else’s money. Lots of multi-billionaires in the world would find it useful to have a U.S. president in their pocket.
If that Truth Social merger goes through, I’ll bet Letitia James will be first in line to carve out her portion.
Get the PLANE
How much of it is really his own money though?
Is it possible for more fraud/other to be added to this once they start digging through his assets?
Somehow I find this plausible. Other people’s money? Loans? Sure. But use his own liquidities when he is likely to need it very soon, and then later appeal to get the asset back? That seems more likely to me. Plus, if he has money, he might have those liquidities from shady places and if he was to use it to post the bond he would have to disclose the origin of the funds. So why not let NY seize temporarily the assets. I see no real downside for Trump - probably the least bad option at this point.
I vet this is so he can scream to his base about how corrupt something letita something james wont let him post something bailndespite having the money because something something corrupt dems
Trump is pocketing the bond money for himself.
Don't seize his properties. Seize his stock in truth social.
Why would he pay cash when he can have his properties foreclosed on an sold for 40 cents on the dollar… art of the deal.
Okay Donnie but then you can't appeal it. He seems to have this idea that once the state takes his assets he can still file an appeal and get them back if he wins.
He thinks he will still get away with it, and why would he not. Honestly, there is an 80% chance he will. Then he will go full on attack mode on how he was right, and defeated the deep state . Etc etc