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Trump is unable to make $464 million bond in civil fraud case


Unusual Tournament

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After they steal his properties he should buy them back at a discounted rate. This is a travesty and so many short sighted fools are cheering it on. Seriously, you're salivating at the news that he can't secure a bond or loan because he's known for not paying back his debts based on a case that clearly highlighted how he paid back his debts.

New York is becoming Bedlam and soon enough the only businesses left there will be the ones who can't afford to leave or the ones who donate heavily to the democrat mafia party (protection money).

Tar and feathers are long overdue for a comeback.

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Posted (edited)

Actually, I'd rather see him burn his properties to the ground or light a $450M pile of cash on fire than pay these corrupt thugs. 

Edited by F3SS
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He's not even paying them.  He just needs to post a bond to show that he is good for the money while they do the appeal.  He gets it back if he wins......

Honestly, I think he has the ability to post the bond.  He doesn't have to get it all in one place and he can take out smaller loans to get the total.  I think he is just trying to bluff his way out of putting up the bond.

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Posted (edited)

This isn't even the first time Trump has had banks take over his businesses to repay loans. I remember when he came close to bankruptcy in the late 1980's. This article is from 1990. He knows the deal.

Banks Approve Loans for Trump, But Take Control of His Finances - The New York Times (nytimes.com)

Edited by susieice
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17 minutes ago, F3SS said:

After they steal his properties he should buy them back at a discounted rate. This is a travesty and so many short sighted fools are cheering it on. Seriously, you're salivating at the news that he can't secure a bond or loan because he's known for not paying back his debts based on a case that clearly highlighted how he paid back his debts.

New York is becoming Bedlam and soon enough the only businesses left there will be the ones who can't afford to leave or the ones who donate heavily to the democrat mafia party (protection money).

Tar and feathers are long overdue for a comeback.

Why do you feel fools, as you put it, are cheering it on? 

I agree, tar and feathers would have been used many time by Trump investors in the past on Trump. 

It's like you are personally moved by this. Were you as moved by ripped of investors when Trump ripped of Americans at Baja Condos? 

https://www.kpbs.org/news/midday-edition/2016/07/14/investors-trumps-failed-mexico-resort-speak-out

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Honestly, I don't think Fess is wrong when he said this:

18 minutes ago, F3SS said:

Actually, I'd rather see him burn his properties to the ground or light a $450M pile of cash on fire than pay these corrupt thugs. 

Trump is too proud to comply so he'd rather let it burn down and pretend like he couldn't do anything about it.

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5 minutes ago, F3SS said:

After they steal his properties he should buy them back at a discounted rate. This is a travesty and so many short sighted fools are cheering it on. Seriously, you're salivating at the news that he can't secure a bond or loan because he's known for not paying back his debts based on a case that clearly highlighted how he paid back his debts.

New York is becoming Bedlam and soon enough the only businesses left there will be the ones who can't afford to leave or the ones who donate heavily to the democrat mafia party (protection money).

Tar and feathers are long overdue for a comeback.

The court offered at least two other options.  He could hand over the deeds for the court to hold under seal until the appeal is settled, if he has sufficient equity in the properties to cover the amount. Second, he could hand them to a  bank and get an irrevocable letter of credit that the court would hold until the appeal is settled. They also suggested he could get the bond in smaller pieces from a number of creditors.  Trump knows all of that too.  He just does not want to do it.  All of his life he has been able to cajole or bully everybody into getting things to go his way.  He expects to do the same this time.

No other New York billionaires,  D or R seem too interested in tossing a dime into the beggar's cup.  They know what he did to get there, they know they would never get a loan back, and they know they could not depend on his long term good will. 

If Trump did not deserve to be where he is in the eyes of Finance and Business elites, they would rally to help one of their own protect his position.  Maybe some of them feel cheated out of a loan or other opportunity by Trump's  falsifications.  So I don't think Trump can speak for  other businesses in New York, especially the ones who play it straight. They are the victims of Trump's illegal advantage.

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Atlantic City. I didn't know if these documents would even still be online. It's 11 pages long. Just a small part is quoted. As I remember, Trump's father was called out by the state of New Jersey for something he was doing to help Donald.

HMKP-116-JU00-20200929-SD002.pdf (house.gov)

Donald Trump has said that his brushes with financial disaster in the early 1990s reminded him of a lesson his father had taught him: Do not leave yourself on the hook for loans. “My father knew, like I knew, you don’t personally guarantee,” Mr. Trump is quoted saying in “TrumpNation: The Art of Being the Donald,” by Timothy L. O’Brien, a former reporter for The Times. “I’ve told people I didn’t follow my own advice.” His agreements with lenders and the two casino bankruptcies in those years still left Mr. Trump personally responsible for more than $100 million in debt, and his agreements had only delayed the day of reckoning to June 30, 1995. He dealt with that danger by first shifting much of his personal debt onto his casinos, then onto a new group: shareholders

 

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Here's the deal with Trump's father. You need to read the article to get all the details. I'll look for other links. I know they're there somewhere if all this is.

The Trump Files: The Shady Way Fred Trump Tried to Save His Son’s Casino – Mother Jones 

So it’s no surprise that Fred tried to bail his son out of trouble when Donald’s Trump Castle casino in Atlantic City, New Jersey, was about to miss an interest payment in December 1990.

By then, Trump had already defaulted on the debt from his Taj Mahal casino. If Fred simply wrote Donald a check, the money would be used to pay off that debt. So, as the Washington Post‘s Michael Kranish and Marc Fisher describe in their new book, Trump Revealed, the elder Trump sent a lawyer to the Trump Castle to sneak money straight into the ailing casino’s coffers.

New Jersey’s Casino Control Commission investigated the chip purchase the following year and said it was an illegal loan that broke the state’s rules about casinos receiving cash from approved financial sources. The Inquirer wrote that a casino lawyer told the paper that “Fred Trump is ineligible for licensing, and Trump Castle should be required to return the money, a move that would almost certainly force it into bankruptcy court.” In the end, the casino kept the money and the commission fined the casino the relatively small amount of $65,000. But it didn’t save Trump. A year later, the Trump Castle went into bankruptcy, and Donald gave up half the casino to his creditors.

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3 hours ago, susieice said:

Trump is asking MAGA supporters for help.

 

Well I'm not a supporter, but I can't help feeling almost sorry for him. So I will send him a bright red shiny penny. Yay! :D

800px-US_One_Cent_Obv.png

 

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24 minutes ago, Tatetopa said:

The court offered at least two other options.  He could hand over the deeds for the court to hold under seal until the appeal is settled, if he has sufficient equity in the properties to cover the amount. Second, he could hand them to a  bank and get an irrevocable letter of credit that the court would hold until the appeal is settled. They also suggested he could get the bond in smaller pieces from a number of creditors.  Trump knows all of that too.  He just does not want to do it.  All of his life he has been able to cajole or bully everybody into getting things to go his way.  He expects to do the same this time.

No other New York billionaires,  D or R seem too interested in tossing a dime into the beggar's cup.  They know what he did to get there, they know they would never get a loan back, and they know they could not depend on his long term good will. 

If Trump did not deserve to be where he is in the eyes of Finance and Business elites, they would rally to help one of their own protect his position.  Maybe some of them feel cheated out of a loan or other opportunity by Trump's  falsifications.  So I don't think Trump can speak for  other businesses in New York, especially the ones who play it straight. They are the victims of Trump's illegal advantage.

They know him well. I read about all of this a long time ago and I'm glad I could still find the info online. The internet can be unforgiving. I distinctly remember that the CEO of Manhattan Chase Bank at the time they took over Trump's finances until all his loans were paid was David Rockefeller, who might know a little something about having his name on premiere New York real estate.

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I only posted the part about his father. Read the whole article because a lot of information is in there. The state of New Jersey went after him because he had to get some kind of a license to lend money to Donald, or something like that.The Casino Control Board got involved.

Donald Trump’s Atlantic City finances tell story of business losses | CNN Politics

As the Republican presidential nominee faces mounting scrutiny over his income taxes and his refusal to release them, the public has no definitive accounting about what Donald Trump did or did not pay the government.

But the story of his business losses is in plain sight throughout the 1980s and the 1990s, a period, in which, he amassed nearly $1 billion dollars of personal debt.

Steve Perskie became chairman of the New Jersey Casino Control Commission in October 1990. He remembers when Trump’s father, Fred Trump, tried to rescue his son by buying more than $3 million in chips at Trump’s Castle. “Fred Trump’s lawyer was handed that value in chips and took the chips out of the casino. You could call it a three-million-dollar loan.”

But the loan wasn’t nearly enough. In July 1991, under crushing debt, the Taj Mahal filed for Chapter 11 bankruptcy which stiffed investors and forced small business to accept pennies on the dollar for their work. By March 1992, Trump’s Castle and Trump Plaza followed suit.

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1 hour ago, susieice said:

I only posted the part about his father. Read the whole article because a lot of information is in there. The state of New Jersey went after him because he had to get some kind of a license to lend money to Donald, or something like that.The Casino Control Board got involved.

Donald Trump’s Atlantic City finances tell story of business losses | CNN Politics

As the Republican presidential nominee faces mounting scrutiny over his income taxes and his refusal to release them, the public has no definitive accounting about what Donald Trump did or did not pay the government.

But the story of his business losses is in plain sight throughout the 1980s and the 1990s, a period, in which, he amassed nearly $1 billion dollars of personal debt.

Steve Perskie became chairman of the New Jersey Casino Control Commission in October 1990. He remembers when Trump’s father, Fred Trump, tried to rescue his son by buying more than $3 million in chips at Trump’s Castle. “Fred Trump’s lawyer was handed that value in chips and took the chips out of the casino. You could call it a three-million-dollar loan.”

But the loan wasn’t nearly enough. In July 1991, under crushing debt, the Taj Mahal filed for Chapter 11 bankruptcy which stiffed investors and forced small business to accept pennies on the dollar for their work. By March 1992, Trump’s Castle and Trump Plaza followed suit.

MAGA people who wanted Trump to run the country like a business my not have realized what kind of businesses he ran. He was pretty dependent on his dad to bail him out throughout his dad's life. 

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Posted (edited)
4 minutes ago, Tatetopa said:

MAGA people who wanted Trump to run the country like a business my not have realized what kind of businesses he ran. He was pretty dependent on his dad to bail him out throughout his dad's life. 

Yes. And his dad taught him to never be personally involved with loans. Trump denies being personally involved with anything, including his businesses. It's someone else's fault. Always.

Back in 1990 the banks tried to help him out. It didn't change his ways.

Edited by susieice
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1 hour ago, susieice said:

Yes. And his dad taught him to never be personally involved with loans. Trump denies being personally involved with anything, including his businesses. It's someone else's fault. Always.

Back in 1990 the banks tried to help him out. It didn't change his ways.

Do you remember his first covid press conferences?  A reporter asked if he took responsibility for how we handled th e pandemic.  I think he was quite clear, he took no responsibility.  Never has he ever taken responsibility.

Why do we need a leader who takes no responsibility? 

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3 hours ago, Katniss said:

Well I'm not a supporter, but I can't help feeling almost sorry for him. So I will send him a bright red shiny penny. Yay! :D

800px-US_One_Cent_Obv.png

 

That is really sweet, you really touched that soft place my heart, not!!!!!!!:lol:

Glad to see posting, I enjoy your posts!:tu:

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29 minutes ago, Tatetopa said:

Do you remember his first covid press conferences?  A reporter asked if he took responsibility for how we handled th e pandemic.  I think he was quite clear, he took no responsibility.  Never has he ever taken responsibility.

Why do we need a leader who takes no responsibility? 

Tate, we don't need Trump is only out for himself. I have never encountered anyone like him, and I mean that seriously. He is so narcissistic and self-entitled that he is what I call a legend in mind!!!:td:

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Posted (edited)
5 hours ago, F3SS said:

After they steal his properties he should buy them back at a discounted rate. This is a travesty and so many short sighted fools are cheering it on. Seriously, you're salivating at the news that he can't secure a bond or loan because he's known for not paying back his debts based on a case that clearly highlighted how he paid back his debts.

New York is becoming Bedlam and soon enough the only businesses left there will be the ones who can't afford to leave or the ones who donate heavily to the democrat mafia party (protection money).

Tar and feathers are long overdue for a comeback.

The mistake Trump has made is playing along with this game to begin with.

He should never have even turned up to court, or gone to the Supreme Court to have himself added back onto the ballot papers. While to many that may seem counter-intuitive, like I have said before, you fight corruption by moving your corrupt opponent along into doing something that causes mass public outrage. He needs Biden to effectively end US democracy, not to fight against him doing that.

This is the best strategy for Trump to take:

1. Refuse to turn up to court, let himself be arrested, and locked up.

2. Refuse to put up any money or assets, and demand an appeal.

3. Pull the whole Republican Party out of the 2024 election until democracy is restored. 

4. Pull every Republican voter, and anyone else disgusted at what Biden is doing, who can afford to do so, out onto a national strike until Biden is gone and democracy is restored. The aim is to paralyse the state and economy.

5. Finally, sit back and let the US public sort it.

The above approach has been used many times in other countries and works. It normally takes 1 to 2 months to resolve. The longer it goes on the more Biden will loose control of the US. It wont be long before his party remove him from office, and they`ll also loose the next election for allowing such a corrupt politician to be their leader in the first place.

After a couple of months if it isn`t fixed then things will become unstable. It is crucial Trump does not call for the civil war, it needs to be an action the people take themselves. Welcome to Serbia! Turkey! Zimbabwe! Any many others! The US has its first dictator which the people in a country with such as strong culture of freedom, will remove.

Edited by Duke Wellington
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12 hours ago, Grim Reaper 6 said:

That is really sweet, you really touched that soft place my heart, not!!!!!!!:lol:

Are you jealous because you don't have a bright red shiny penny to send to him? :D

Quote

Glad to see posting, I enjoy your posts!:tu:

Thanks. I was on a break, but I couldn't help it and felt the need to post in this epic thread. :st

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Posted (edited)
28 minutes ago, Katniss said:

Are you jealous because you don't have a bright red shiny penny to send to him? :D

Hell yes, I am jealous because I am so poor I don't have two cents to rub together!!:lol:

28 minutes ago, Katniss said:

Thanks. I was on a break, but I couldn't help it and felt the need to post in this epic thread. :st

I took a two month break myself and just started posting again earlier this week. Anyway, I am glad to see you back I enjoy you sense humor and your posts!!!

Peace!:tu:

Edited by Grim Reaper 6
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Posted (edited)
14 hours ago, Duke Wellington said:

The mistake Trump has made is playing along with this game to begin with.

He should never have even turned up to court, or gone to the Supreme Court to have himself added back onto the ballot papers. While to many that may seem counter-intuitive, like I have said before, you fight corruption by moving your corrupt opponent along into doing something that causes mass public outrage. He needs Biden to effectively end US democracy, not to fight against him doing that.

This is the best strategy for Trump to take:

1. Refuse to turn up to court, let himself be arrested, and locked up.

2. Refuse to put up any money or assets, and demand an appeal.

3. Pull the whole Republican Party out of the 2024 election until democracy is restored. 

4. Pull every Republican voter, and anyone else disgusted at what Biden is doing, who can afford to do so, out onto a national strike until Biden is gone and democracy is restored. The aim is to paralyse the state and economy.

5. Finally, sit back and let the US public sort it.

The above approach has been used many times in other countries and works. It normally takes 1 to 2 months to resolve. The longer it goes on the more Biden will loose control of the US. It wont be long before his party remove him from office, and they`ll also loose the next election for allowing such a corrupt politician to be their leader in the first place.

After a couple of months if it isn`t fixed then things will become unstable. It is crucial Trump does not call for the civil war, it needs to be an action the people take themselves. Welcome to Serbia! Turkey! Zimbabwe! Any many others! The US has its first dictator which the people in a country with such as strong culture of freedom, will remove.

I think you have a bright future in Politics 😁

Edited by Unusual Tournament
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Was just reading that Trump says he does have enough cash.

https://www.nbcnews.com/politics/donald-trump/trump-claims-500-million-cash-undercutting-lawyers-claims-bond-money-rcna144614

I think he hasnt paid because he wants consequences. So he can be a victim. Except he just admitted hes not...

Thoughi think his faithful followers wont care. Theyll see him being abused. 350 million turned into 500 million because... interest. Over what, a month and a half?

People are already going nuts. 

These lawsuits and trials, are only going to drive his base, which is like 60% of Republicans, to a 100% turnout. 

Turnout wins elections. Polls suggest 95%+ of Republicans plan to vote. But only 80% of Democrats. 

These DAs are assuring a Trump win. 

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