Laniakea
Not of this world
Then it sounds like they're just trying to get companies to not do business with Trump, thereby making sure he can't post bond.
Don't worry, it's not the first time intimidation has been used by leftists going after Trump.
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Trump's bond reduced to 175 million
- Thread starter PoetPhilosopher
- Start date
Don't worry, it's not the first time intimidation has been used by leftists going after Trump.
Wandering Monk
Well-Known Member
Hanky is a Trumpist. This sounds like another scam:
Subduction Zone
Veteran Member
What?!? That makes no sense. Any large enough business that wants to can give a bond to anyone that they want to. Providing that they meet certain standards. New York actually looks out for businesses. To be able to bond someone $175 million a company would have to have ten times that amount on hand. This company does not even have that amount. They had no more business bonding Trump than you would.
A bonding company has to be able to pay the bond if things go south. That is what they are promising to do.
Subduction Zone
Veteran Member
This was not a New York business that gave Trump the bond. It was a business that belongs mostly to a friend of his. You should really watch the video that was posted above. It goes into a lot of the details of why the bond was rejected. The state of New York is not biased against Trump in this. If anything they gave him a lower bond than he merited. Usually the entire amount of the judgement has to be bonded in this sort of appeal. They cut him a break and lowered it to $175 million. They have not done that for others.
And yes, this does appear to be Trump's fault. Why didn't he go to a large insurance company or a large bonding operation? There are ones that work in the billions of dollars. Maybe because none of them trusted Trump enough to offer him a bond. You need to drop the conspiracy theories. Trump is where he is because of his own bad behavior.
metis
aged ecumenical anthropologist
She doesn't seem to realize that.
Letitia James says she's prepared to seize Trump's buildings if he can't pay his $354M civil fraud fine
New York AG Letitia James tells ABC News that she is prepared to seize Donald Trump's assets if he is unable to pay the $354 million fine in his civil fraud case.abcnews.go.com
That's if he doesn't pay!
All they've agreed to give Trump is a promise that they'll pay $175 million if Trump's appeal fails and Trump doesn't pay what he owes.
For the State of New York to accept this, they'd need justification for why this company should be considered good for the money (and trusted to pay it if needed).
Subduction Zone
Veteran Member
The owner of this company is a friend of Trump's. Perhaps a foolish one. I would be willing to bet that Trump made some sort of promise to him of ending the case when he became President.
At any rate it looks as if Trump may not get his appeal after all. Perhaps he could sell his interest in Truth Social, but that has been droppinglike a rock after its quick high. Real investors can see that like so many of Trump's other businesses that this is just a scam.
Laniakea
Not of this world
No doubt Latoya james took that into consideration.
Subduction Zone
Veteran Member
Why?? Another accusation that you cannot support. It was when the income of the company was found to be deficient that the bond was denied. She had no need to consider that the man was a friend of Trump's. To post a bond for someone like that a bonding company in New York has to have at least ten times the amount of cash on hand to cover the bonds that go bad on them. That company did not even have enough cash to cover the actual bond. Do you need links? I can provide them. The friendship is just a side issue. It explains the bogus behavior.
Laniakea
Not of this world
Can you substantiate any of what you just claimed?
Subduction Zone
Veteran Member
Yes, what do you want to learn?
Laniakea
Not of this world
Your sources for the claims you made.
Subduction Zone
Veteran Member
You need to be more precise. I hate assuming that people are totally ignorant of reality.
Laniakea
Not of this world
Ok, then the precise claims you made, assuming them to be that.
Subduction Zone
Veteran Member
You are not making any sense. What else is new?
Wandering Monk
Well-Known Member
In a court filing on Thursday, Knight Speciality Insurance Company revealed that its liquid assets don’t meet the needs of Trump’s already minimized bond. According to a financial assessment, the company, owned by billionaire Don Hankey, has just $138 million in “surplus.” Knight would therefore need to spend 127 percent of its reserves in order to cover Trump’s bond—far more than the 10 percent of a state-regulated suretor’s surplus that’s allowed by New York law.
finance.yahoo.com
That Guy Who Backed Trump’s Bond? He May Not Have the Money
New York Attorney General Letitia James doesn’t trust Don Hankey.