(03-21-2024, 10:24 PM)p_rushing Wrote:

(03-21-2024, 03:47 PM)The Real Marty Wrote: Trump is worth about 3 billion.  Almost all of that is real estate.  It is very hard to liquidate real estate at a fair price in a very short period of time.  So I understand why he can't raise $500 million or a billion, or whatever it is he needs to post this bond. 

Of course, it's also possible that the bonding companies don't trust him and don't want to deal with him. 

One thing I think he could do is declare bankruptcy in order to slow down the asset seizures the NT Attorney General wants to do.  It would throw a monkey wrench in the whole process.

But as far as selling Mar-A-Lago, even if he wanted to do that, it could take a long time for a buyer's attorneys to figure out whether anything can be done about the deed restrictions on that property.  With the deed restrictions in place, that property isn't worth much.  But if you can get those removed, you can unlock hundreds of millions in value.

No one other than corporations could get a bond that high, it's unheard of. Even someone with his businesses, isn't going to keep cash around. The law has safe guards in place to not cause harm like this. Appeals haven't been heard and to say you have to sell the businesses in order to appeal is criminal. You can't get the property and businesses back after you win the appeal. There are also only 3 properties in NY, they can't touch the rest of his stuff.

Trump is posting 100 million bond or was at least planning to.

The deed restrictions are great, it keeps the property from being sold off. Sure you could make more selling to a bunch of developers but who knows if the city or county would allow that.

Sent from my SM-T970 using Tapatalk

I am somewhat sympathetic to Trump in his present predicament.  I hate the guy, and would almost never vote for him, but at the same time I don't think this trial was totally fair.  As far as I understand it, this "fraud" was a victimless crime.  And I don't think having to post a half a billion dollar bond while he appeals is fair at all.  I know those are the rules- usually one has to post a bond totaling the amount of the damages plus interest in order to avoid paying the damages while appealing.  That's the common thing.  

It's not "criminal," except in the figurative sense, to say he has to sell something in order to appeal.  The law says he has to post the bond.  And properties outside of New York can be seized by New York to satisfy this obligation.  

Mar-a-Lago, golf courses? Which Florida Trump properties could get seized by New York judge? (msn.com)

"Commercial and white-collar attorney Mitchell Epner told USA Today there is little Florida officials or state courts could do to stop New York authorities from seizing Trump's out-of-state holdings.

"The courts of the other 49 states and the District of Columbia don't really have discretion about whether or not to allow the New York judgment to be domesticated in that state, because the Constitution has something called 'the full faith and credit clause,' which requires each state to give full faith and credit to the judgment of the other states," he said. There are only some "exceedingly narrow" exceptions to that, he said.

---