Donald Trump is close to the deadline to post bond in his fraud trial—and he’s screwing himself over even more.
After having reached out to several guarantors and 30 suretors for help posting his $464 million New York bank fraud bond, Donald Trump suddenly wants everyone to know he actually does have the cash.
In a bizarre rant on Friday morning, the man who was found to have defrauded banks and investors by overvaluing himself and the value of his properties claimed that he had accrued the wealth by way of “HARD WORK, TALENT, AND LUCK.”
Trump also admitted he has nearly half a billion dollars in cash.
The confession directly contradicts a filing from his legal team last month arguing that it would be “impossible” to secure a bond covering the full amount of the multimillion-dollar ruling.
Trump’s words will surely help out New York Attorney General Letitia James, who on Wednesday urged an appeals court to ignore Donald Trump’s latest effort to worm his way out of paying the $464 million disgorgement from his bank fraud trial.
Honestly I don’t believe for a second that he actually has the money. I just don’t think he can handle people (HIS people) knowing that he’s flat fucking broke and at the end of his rope.
Monday we’ll find out if Schrodinger’s cash was in the box or not.
One story I heard was that his lawyers have to come into the room in pairs, because he’ll tell one lawyer Story A and the other one Story B.
He doesn’t lie like an adult; he lies like a child.
This was actual testimony by Michael Cohen in one of the cases he testified in. Either the Trump or case org the stormy Daniels case
I don’t think it was Cohen who said it. This article fro 2016 suggests it was Pat McGahn in a 1993 deposition during the Trump Plaza bankruptcy case.
https://www.buzzfeednews.com/article/kendalltaggart/trumps-lawyer-we-met-with-him-in-pairs-to-avoid-lies
Ooo, good work!
So he just says whatever he needs to say at the moment to rationalize whatever result he wants.
That helps explain why Republicans love him so much I guess.
He’s like if immersive, self-indulgent self-delusion were a drug you could do just by turning on the tv. A modern religion around solipsism.
I tried to find a link but my Bing-Fu is weak.
I tried to look, too, but it was from a few years ago, and my results are flooded with articles about more recent Trump lies and lying lawyers, since he does it pretty much constantly.
I’d like to take a moment to highlight how much a problem this is. It feels like stuff is getting memory-holed not even on purpose, but because search engines aren’t good at letting people filter by date range etc.
We’re talking about Trump here. There was a list of 10,000 lies he told while he was in office.
At least 10,000 because the article is from 2019
https://news.yahoo.com/trump-has-made-10000-false-and-misleading-claims-washington-post-fact-checker-145444166.html
Upvoted for not using Google.
I’ve read he legit does have a bit over $500M liquid, but if he touches more than $450M of what remains, loans will automatically start getting called in.
Loans he can’t pay if he only has $50M liquid left.
That’d be economics 101. Cash sitting idle loses value, so keep it to a minimum.
But we’re not about that. Buahaha, Trump’s such a loser, he doesn’t even have a few million in the back!!1
That is chef’s kiss perfect 🤌
He said it, so it can only be one of two things:
In this case, option 1 seems most plausible.
He’s not broke. TruthSocial is about to go public via SPAC and make him about $3.3B. Company will trade under ticker DJT.
From Reuters
This is all a nice distraction to rile his base.
I don’t have that kind of money to risk, but this seems like a great opportunity to short a stock.
Not sure who was making that value projection, but if it was a trump-involved party, you can definitely count on that being over inflated bullshit.
We all need to stop regurgitating trump headlines/talking points verbatim without attempting to add some context.
He can’t cash that out in time to help with this, and what bail bondsman is going to take shares of a social media company as collateral?
He gets shares, which they value at that price now. It’s not a successful social media network. The price may drop once floated. He can’t touch the shares for 6 months. Without being propped up, it may be dead by then, although depending on launch, it may still be viable at that point as the election will still be ongoing. However, if he crashes and burns (jail, insovlency) before then, it could also crash and burn. He’s still in his Icarus phase.
S no, he doesn’t have 3 billion lying around. We also don’t know his debts, which may also be billions.