Trump says he'd have to hold 'fire sale' of properties to meet $464M bond

[RandySF]

Former President Trump on Tuesday argued he would have to take extreme measures in order to pay a $464 million bond due next week in his New York civil fraud case, such as selling some of his properties an cheap “fire sale” prices.

Trump blasted New York Judge Arthur Engoron, who ruled against him in the fraud case, as he argued against his having to post the bond in a Truth Social post.

“Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away from me,” Trump wrote in a post on his Truth Social platform on Tuesday morning. “Nobody has ever heard of anything like this before.”

“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” Trump added.





https://thehill.com/regulation/court-battles/4541652-trump-says-hed-have-to-hold-fire-sale-of-properties-to-meet-464m-bond/

[Joinfortmill]

1. Works for me.

[NCDem47]

33. Me too.

Yes. Please proceed.

[Earth-shine]

2. Mega billionaire says what?

[republianmushroom]

3. I'm OK with trump holding a "fire sale". to pay his bond.

[MurrayDelph]

25. I think he's considering a literal fire sale.

Suspicious fires will happen at his property, where he can delete more evidence AND collect on his overinsured crapshacks.

I just wonder if he's going to send Melania on a "shopping trip” to New York this week.

[Celerity]

4. Sell off, you fucking shitehawk. Time to pay the piper you fucking fraud.

[llmart]

5. They're not just assets...

they're G (capital G)reat A(capital A)ssets!!!!! No one does ASSets like the GREAT ass himself.

[Ocelot II]

6. He isn't being precluded from appealing. All an appeal bond does

is prevent the immediate imposition of liens on the losing party's assets by the winner before appeals are concluded. Nothing is stopping him from appealing, and in fact he has already filed a notice of appeal a couple of weeks ago.

[RandySF]

22. I believe he has to post a $400 million-plus bond

And he cannot find anyone willing to put up the $$$$$.

[getagrip_already]

34. Not required to appeal....

Just to stop collection by the plaintiff, in this case, the state.

He can still appeal. If he wins, all the money's collected would need to be returned.

[unblock]

7. I've noticed that Donnie has often referred to himself as a "nobody"

As in "nobody has ever heard" of something that, as is usually the case, is standard procedure or perfectly normal or easily verified.

Referring to himself as a "nobody" is among the few truthful things he says.

[Swede]

8. Krazy Donnie's going out of business sale. Everything must go!

nt

[limbicnuminousity]

9. ACTIONS. CONSEQUENCES! STROKE OUT!

Just checking to see if all caps is any more effective.

[bucolic_frolic]

10. The inflated valuations will create a great tax deduction and probably realize

more than the actual tax assessment valuations. Dump could dupe everyone really good. So don't listen to or believe his whining while he's winning.

[livetohike]

11. Oh boo hoo hoo. Assuming anyone would even

want his properties to begin with.

[lastlib]

12. Please proceed, si---..........

(I can't call him "sir"--that makes him sound respectable....)

[Xavier Breath]

19. Also, it's just not as effective if you don't do it with tears in your eyes.

[hatrack]

20. Besides, you'd run the risk of having tears in your eyes . . .

Especially if you're a Big Strong Man (TM).

[Johonny]

13. Normal billionaires arent credit risks

He has abused the courts enough.

[jrthin]

14. Not a problem. Sounds like a plan.

[Gidney N Cloyd]

15. So... get on with it.

[Hugin]

16. Don't talk about it, do it...

A$$hole.

[iluvtennis]

17. TSF was found GUILTY of the crime, so he has to suffer

the resultant consequences. He is not above the law.

[Happy Hoosier]

18. That will be acceptable. Get selling. NT

[TSExile]

21. Honest Don's Fire Sale!!

Everything must go!!

[Xavier Breath]

31. The prices, like the proprietor, are INSANE!

[bluesbassman]

23. Do big crimes, suffer big penalties. Sucks to be you I guess.

And unlike you, Judge Engoron is actually following the law.

[Johnny2X2X]

24. He's lying of course

He can put up stake of those assets as his bond. Say he owns a 20% stake in trump Tower worth approximately $200M, he can sign over thatr stake as part of his bond, if he wins appeal it's just signed back over to him. There is nothing unusual about this, it's totally normal for people to ut up their investments for bond.

And I've also seen articles that sugget his New York properties are the only ones he could put up because the case is in NY, that is not true either, he could give them his golf courses or even Mar a Lardo.

[Raven123]

26. In other words, he'd have to accept true market value

Since he has inflated the value of his assets, he will get a reality check. Funny, none of those very rich friends of his are lining up to help. Wonder why.

[Think. Again.]

27. So he just admitted he does have assets to cover the bond.

....and is choosing not to.

Ms. James, it's your move...

[magicarpet]

28. Let the fire sale pricing auctions begin.

3 cents on the dollar sounds fair to me.

[Omnipresent]

39. Trump's eye would bug out of his head, after hearing that!

Your the worst! 🤭

[LiberalFighter]

29. How many of those properties would he have if he had not committed bank fraud?

[gibraltar72]

30. Oh well.

[Rebl2]

32. Then do it!

[Takket]

35. And? Do it. That isn't our problem.

[Ping Tung]

36. Maybe he could get a doctor to write a diagnosis that he can't pay because of

those agonizing bone-spurs in his wallet.

[Attilatheblond]

37. Simple fact: do the crimes, you pay the fines

NOBODY has a Constitutional Right to whine their way out of consequences.

[Omnipresent]

38. Trump is such a loser, total loser.

The likes of which, nobody has ever seen, never seen..

[riversedge]

40. Someone needs a diaper change this morning...

Trumpy is a foul mood.............





Someone needs a diaper change this morning...

Link to tweet

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