"Trump owes this money because he fraudulently misrepresented the value of his assets—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 Trump’s assets if he is unable to pay the $464 million required by last month’s judgment in his civil fraud case, Trump’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 Trump said it has proven a “practical impossibility” for Trump to secure a bond from any financial institutions in the state, as “about 30 surety companies” 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 collateral—“a sum he simply does not have,” reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.

  • givesomefucks@lemmy.worldEnglish
    146·
    4 months ago

    (Letitia James, wearing her pearls and flipping her hair) “You best believe it.”

    She’s a high level public employee…

    No one would imply a white woman in her position acted like that, and despite you and the other account insisting she acts like that so it’s not racist, neither of you show any interest in taking the two seconds to prove it if she always acts like that like the other account said.

    • FrostyTheDoo@lemmy.world
      401·
      4 months ago

      Can you please just tell me what the racist part is?? Is it misrepresenting her personality that makes it racist? I’m telling you I genuinely do not understand and I’m trying to learn something from you but you seem hell bent on making people out to be racists instead of actually informing people about the topic.

      In that case I think you’re racist because you have misrepresented my personality.

    • FrostyTheDoo@lemmy.world
      271·
      4 months ago

      I literally told you that I would assume it’s a white stereotype of any. When someone says wearing pearls and flipping hair, I literally picture a wealthy white socialite in my mind.

      • Rapidcreek@lemmy.world
        92·
        4 months ago

        That looked fun. I noted that you said you hadn’t seen Letitia James in a press conference. So here https://youtu.be/q5A_uZjQ_70?feature=shared

        She always wears the pearls when she dances on the corpse. She used to hair flip, but i don’t see it here. In any case, when she decided not to run for Governor of NY, the current governor said “that’s really bad news for Trump and the NRA”