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Cairn Horn88

By Cairn Horn88
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HillCountryBevo
HillCountryBevo

Imagine your basis of hating Trump is because of mean tweets, January 6 and “hush money” trial all because liberal media is crooked. Fuck right off. This is my last post in this forum  dumb fucki

Al Bundy's Napoleon Hand
Al Bundy's Napoleon Hand

When you're a court, you just grab their asset, and they let you do it!

HillCountryBevo
HillCountryBevo

Bye bitch. Enjoy living in literal hell if your man Biden is re elected

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Brisketexan

Brisketexan 105,152

Posted
Posted
Just now, tbone_ said:


My point is my understanding from my readings is his debt is on his real estate assets and the servicing of that debt would be out of property cash flows. If there was not debt coverage he’d just bk the spe that owns the asset, or at least that’s been his history. I’d be surprised if he put up a warm body on the recourse on those loans.

I’m not seeing where he has a lot of personal backed debt he has to service with whatever cash he has or might come into.

So.....why not garnish those bank accounts (Trumpco accounts) when the cash flow hits them?  I've done that in Texas to satisfy a judgment: find the account, wait till the money hits for the month, then hit it with a writ.  All the money in the account goes to my client.  And the owner of the account doesn't have that cash any longer, to service debt or for any other purpose.

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YGIFS

YGIFS 19,450

Posted
Posted

I have it on good authority that not even Donald Trump himself, the greatest business mind of our time, knows the difference between non-recourse and recourse debt.  He literally does not understand, after 50+ years in the industry, how his position stands with regard to his properties, leases, and organization.  

I have unpacked a lot of securities fraud in my day.  I have no doubt he will sell himself and our country down river to buy his fat ass some time.  But usually this kinda thing is done over a long period of time and with a degree of cleverness.  You're all about to see it unfold in a very short period of time, in broad daylight, with 35% of the adults you know cheering it on...

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tbone_

tbone_ 14,127

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Posted
So.....why not garnish those bank accounts (Trumpco accounts) when the cash flow hits them?  I've done that in Texas to satisfy a judgment: find the account, wait till the money hits for the month, then hit it with a writ.  All the money in the account goes to my client.  And the owner of the account doesn't have that cash any longer, to service debt or for any other purpose.

Good question. Not sure. My question would be if there is a partner in the spe with Trumpco, would that partner’s portion of the cash flow be subject to the judgement and confiscation? Also would the loan agreement and lien trump (pardon the pun) the judgement? I’m not a real estate attorney. I just pay a bunch of them.
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tbone_

tbone_ 14,127

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Good question. Not sure. My question would be if there is a partner in the spe with Trumpco, would that partner’s portion of the cash flow be subject to the judgement and confiscation? Also would the loan agreement and lien trump (pardon the pun) the judgement? I’m not a real estate attorney. I just pay a bunch of them.

Or said another way, the bank probably thinks operating cash goes to debt service before it gets distributed to a trumpco account
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Longhorn_Fan68

Longhorn_Fan68 33,872

Posted
Posted
10 hours ago, blacklab said:

That's getting close to Charlie Weiss fupa territory, one of the greatest fupas of all time.

 

18 minutes ago, SmokeyTheBear said:

Let's not leave out ol Chris here

 

hkfxyiwefad11.jpg

this was my first thought/choice. afaik this is the male fupa standard
766027_060415-ap-chris-christie-cover-im

 

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immamac

immamac 42,857

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Posted
Just now, Longhorn_Fan68 said:

wtf? what is their reasoning here?

I mean they aren't trying to fuck up the political campaign and a Bond of this nature is actually unheard of/difficult to obtain. I am guessing the extension is to really let them figure out if there is a way to do this without liquidating assets first because that seems semi-permanent and it's not about destruction/dismantling a political campaign. He's already banned from doing business in NYC, the judgement is there and looming with some type of resolution in sight and the appeal has little/no shot of going in favor of Trump, because there wasn't really much shenanigans and they have him dead to rights on the fraud aspects. Essentially there's no harm done from letting him look for money for a little longer just to really drive home the fact that they are going to come up with it on their own or the NY AG will come up with it for them. 

This is actually working against Trump instead of for him from an optics perspective. They are giving him every chance in the world to make things right, and he keeps fucking it up. 

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'stache

'stache 21,817

Posted
Posted (edited)

Yeah, the number was massive, and I don't think there are much shenanigans on that one. I expect the appeals court to reduce the number somewhat anyway, but he's still fucked. It'll be extra hilarious and pathetic though if he can't get a bond for that amount either, so stay tuned.

Edited by 'stache
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locodos

locodos 5,387

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Posted

Here's the order. 

Case Nos. 2024-01134 -2- Motion No. 2024-01025 2024-01135 It is ordered that the motion is granted to the extent of staying enforcement of those portions of the Judgment (1) ordering disgorgement to the Attorney General of $464,576,230.62, conditioned on defendants-appellants posting, within ten (10) days of the date of this order, an undertaking in the amount of $175 million dollars; (2) permanently barring defendants Weisselberg and McConney from serving in the financial control function of any New York corporation or similar business entity; (3) barring defendants Donald J. Trump, Weisselberg and McConney from serving as an officer or director of any New York corporation for three years; (4) barring defendant Donald J. Trump and the corporate defendants from applying for loans from New York financial institutions for three years; and (5) barring defendants Donald Trump, Jr. and Eric Trump from serving as an officer or director of any New York corporation in New York for two years. The aforesaid stay is conditioned on defendants-appellants perfecting the appeals for the September 2024 Term of this Court. The motion is otherwise denied, including to the extent it seeks a stay of enforcement of portions of the judgment (1) extending and enhancing the role of the Monitor and (2) directing the installation of an Independent Director of Compliance. ENTERED: March 25, 2024

2024_01134_PEOPLE_OF_THE_STATE_OF_v_PEOPLE_OF_THE_STATE_OF_ORDER_21.pdf

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Gil Bang

Gil Bang 25,961

Posted
Posted
8 minutes ago, immamac said:

I mean they aren't trying to fuck up the political campaign and a Bond of this nature is actually unheard of/difficult to obtain. I am guessing the extension is to really let them figure out if there is a way to do this without liquidating assets first because that seems semi-permanent and it's not about destruction/dismantling a political campaign. He's already banned from doing business in NYC, the judgement is there and looming with some type of resolution in sight and the appeal has little/no shot of going in favor of Trump, because there wasn't really much shenanigans and they have him dead to rights on the fraud aspects. Essentially there's no harm done from letting him look for money for a little longer just to really drive home the fact that they are going to come up with it on their own or the NY AG will come up with it for them. 

This is actually working against Trump instead of for him from an optics perspective. They are giving him every chance in the world to make things right, and he keeps fucking it up. 

That was stayed.  He can do business.

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immamac

immamac 42,857

Posted
Posted
Just now, Bozo_Casanova said:

Office Space No GIF

You think the optics of siezing a lot of major assets of the front running political candidate for the Republic party is good optics vs being lenient and reaffirming they are fucked and need to take it serious and giving them opportunities to do this without severely impacting his ability to do stuff unrelated to this case?

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YGIFS

YGIFS 19,450

Posted
Posted (edited)
3 minutes ago, The Dog said:

 

I don't know this gentleman, but this is spot-on.  He was going to catch a break, financially.  But he was worried, and will continue to be worried, as fuck.  The Trump Organization will fail on its own in the near future.  His political career will come to an end at some point.  The idea is to stress the fuck out of him, even if only at a subconscious level.  He barely knows what's happening except for the grift.  The idea is to run him ragged and make him gone.  Forever.  

Edited by YGIFS
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The Dog

The Dog 44,060

Posted
Posted

Remember that he struggled to even get the bond for the Carroll case - is he really going to be able to get a $175 million bond?

He doesn't currently have the money IMHO. This isn't much of a help.

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BehoId, The Underminer!

BehoId, The Underminer! 11,669

Posted
Posted
2 minutes ago, immamac said:

You think the optics of siezing a lot of major assets of the front running political candidate for the Republic party is good optics vs being lenient and reaffirming they are fucked and need to take it serious and giving them opportunities to do this without severely impacting his ability to do stuff unrelated to this case?

he was granted relief at the hearing.  you know what they call that in truthsocial world? EVEN TEH CORRUPT JUDGE could not deny that HE ILLEGALLY PLACED AN OUTRAGEOUS (BAD) BOND on my beautiful properties WHEN I DIDN'T DO ANYTHING WRONG.  WE SECURED A HUGE WIN TODAY AND IT IS ONLY THE BEGINNING OF THE WINS that will make this CORRUPT case fall a part.

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Brisketexan

Brisketexan 105,152

Posted
Posted
Just now, DigglerontheHoof said:

Fuck everything.  That orange cocksucker will get away with everything and become a moronic dictator.  U.S. courts can suck my cock. 

This was always going to happen.  When fascists go up against institutionalists, the institutionalists win.  Because institutionalists play by rules.  Fascists don't.  It's like a fight between a boxer who will stick to Marquess of Queensberry rules vs. a WWE heel who will swing 2x4s, chairs, and baseball bats at his opponent in or out of the ring.

The fascists always win.  That's how chapter 1 goes.

They cause pain, suffering, and blood.  That's chapter 2.

Then, they fall, in a paroxysm of even more pain, suffering, and blood.  That's chapter 3.

 

We're still in chapter 1.  Buckle up.

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Guest

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Posted
Posted

Lol. Didn't he just post over the weekend that he had the money but that Biden was trying to make him spend it here instead of on a campaign?

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Posted
Posted
28 minutes ago, DigglerontheHoof said:

Fuck everything.  That orange cocksucker will get away with everything and become a moronic dictator.  U.S. courts can suck my cock. 

The system is just silly at this point. The stuff over SB4 was amateur hour.

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Skipper

Skipper 6,135

Posted
Posted
54 minutes ago, tbone_ said:


Or said another way, the bank probably thinks operating cash goes to debt service before it gets distributed to a trumpco account

It would.  It would clearly be an SPE account where the bank has control and even then likely several layers before it hit any "Trumpco" account. This isn't some mom and pop operation.   And the banks lawyers aren't morons.  

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Captainant

Captainant 27,679

Posted
Posted
Just now, David Dennison said:

He's still on the hook for the judgment, y'all.

He's on the hook for the judgement, for now.... I'll fucking believe it when I see it that this orange fascist fuck doesn't get every break along the way from our multi-tier justice system

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Longhorn_Fan68

Longhorn_Fan68 33,872

Posted
Posted
Just now, Pato del Muerto said:

I think it’s the source of the funds that is at issue. 

Animated GIF

Why can't I pay my porn star mistress with campaign funds to stfu about our affair while my wife is at home caring for our newborn? WTF kind of backwards-ass country is this?

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Gatorubet

Gatorubet 30,246

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I am not particularly surprised, nor to the disappointment of some on this board, do I feel like this is letting Trump get away with things no other person or company would ever be allowed to do. 

My last “the Louisiana Supreme Court would never grant this bullshit writ after the trial court and appellate court snuffed it“ moment happened just three months ago.    So to lawyers, appellate courts doing things for reasons they can’t figure out is just Tuesday, not some overriding conspiracy.  Here, it is not really contested that giving him more time is of benefit to the many secured creditors as well as all of the various lessees inhabiting his buildings.

While we all hate Trump and just want bad things to happen to him, there is collateral damage in these types of decisions that can affect the innocent. The great thing is that this situation unveiled the truth of his being deeply in debt at high interest rates on all of his properties, with the revelation that none-have any equity to speak of.  

I would assume the lack of acceptable collateral applies to a $175 million bond as well as it does on the $453 million bond. He has to find the money somewhere.  And if he is putting it into a bond, he is not spending it on his mounting debts and daily expenses running his Ponzi Empire. That shit ton of daily interest on the judgment grows either way. 

I am fine watching this play out the way it’s played out.   I know many people are wearing sack cloth and ashes today, but I doubt they are popping champagne corks at Mar-a-Lago given they have 10 days to find the $175 million. 

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yoladu

yoladu 4,094

Posted
Posted
10 minutes ago, Longhorn_Fan68 said:

Animated GIF

Why can't I pay my porn star mistress with campaign funds to stfu about our affair while my wife is at home caring for our newborn? WTF kind of backwards-ass country is this?

would have been smarter and less costly to just jerk it on Pornhub.

Doh! Cant even do that anymore.

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dcbc

dcbc 14,487

Posted
Posted (edited)
24 minutes ago, Gatorubet said:

I am fine watching this play out the way it’s played out.  

I was thinking about it a bit.  It's almost like the aggy roller coaster.  Sometimes, they have to win a little, get their hopes up, then their revisiting inevitable defeat is that much sweeter.  The never defeated, just ran out of time thing fits well here too, as does his affinity for things that happened in 1939.

 

TLDR; Trump is aggy

 

 

Edited by dcbc
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immamac

immamac 42,857

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Posted
57 minutes ago, wildcat09 said:

Imma is having a weird few days on Surly. 

All of these things are related, just because some of you want to believe in an alternate reality based on your fears and irrational thoughts doesn't mean it's what's actually happening.

What's actually happening: Trump lost case, gonna be banned and enforcement needs to be intentional and designed to be reversible in case the appeal actually materially changes something from the judgement. This isn't some willy nilly judgement it's a huge one that needs to be executed carefully. The case and the stay do not change the fact that there is already an embedded and assigned person with Trump Co and that Trump and the rest of the people who aren't allowed to do business in NY are not going to be able to do business in NY when the order is done. They have to clean up shit right now to even get ready for the appeal. Had they not filed the appeal this would already have been done, this is a real appeal no matter how small of a chance there is of it getting reversed or thrown out. 

I understand the whole idea of "NUH UH HES STILL TECHINCIALLY ABLE TO DO WHATEVER HE WANTS AND ISNT GONNA HAVE THIS ENFORCED HURRR DURRR", but in a practical sense no one will do business with the people during the stay that isn't absolutely necessary to help the enforcement of the judgement. 

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