Nougat

Article does not support headline. Bad NewRepublic, bad!

Not a good look for WaPo. I wonder if they’re going to report on it.

… suretors refused to accept Trump’s real estate as collateral. Instead, they would only accept cash to the tune of $1 billion, which Trump said he and his businesses just don’t have.

If they want cash as collateral, that cash would go into an escrow. Why would you tie up $1B in escrow in order to get $500M? You wouldn’t; you would just use the cash you had.

It’s like going to a pawn shop and asking how much they’ll give you for a $20 bill, and they say $10.

Oh, I completely agree, but there’s also the little thing about fascism, and people who are able to avoid being a target of that fascism are going to pay for that privilege. It’s like the Disney Genie+ of society.

The primary aim of the justice system is to secure convictions. If those who are convicted happen to also be actually guilty of the crimes they are charged with, that’s just gravy.

Does such a picture exist?

Sure, but at the moment it’s two. Headline reads like there’s a stampede when there’s not.

Instead, they would only accept cash to the tune of $1 billion, …

“I need a $500M loan, what do you want for collateral?”

“One billion dollars.”

This is absolutely hilarious. Even Trump’s cash is only worth 50% of its face value.

Headline wildly overstates. “Donors” here means two people.

(a process commonly called ‘executive aggrandizement,’ or more loosely ‘democratic backsliding’)

That’s a hell of a euphemism for “there were enough fascist citizens to empower fascism.”

What?

He’s already got loans out on all the properties. There isn’t any equity left to mortgage against.

… arguing that he shouldn’t have to put up the money and worrying that he “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.”

One, they’ve had plenty of time to gracefully liquidate assets necessary to meet this bond. Surely they could have entered into sale contracts that were contingent on the outcome of the civil trial.

Two, at this stage, the value would not simply disappear; it would be put into an escrow for the bond. Should the appeal be successful, that bond amount is returned.

But why would they need to sell these properties in the first place? Why not just use the properties as collateral for loans, and use the loan value for the bond (and then payment of the judgment when the appeal fails)? Because there’s already loans out there that use the properties as collateral - and based on the judgment, probably at highly inflated property values. They can’t get loans against the properties. This is what Cohen means when he says “leveraged to the hilt.”

This all means that even if the properties get sold, there’s little to no equity left in them to use as funding for the bond. I’m willing to bet that Trump’s panic is not at all about having to pay the bond amount, and has everything to do with the truth of his actual value being revealed.

I generally present myself as a stable and reasonable person, so quite a lot.

When your whole “thing” is hate-based, this is inevitable.

Keygun.

A friend that I’ve known for like fifteen years - I found out last year that he has guns. He just doesn’t ever talk about them.

What the fuck is wrong with people.

I’d take the mounds of horse shit on the streets over the disgusting stench of cars any day.

No you would not.

Excerpt:

New York, which at the time was estimated to be the home of 150,000 horses, was targeted as well. The 15 to 30 pounds of manure produced daily by each horse multiplied by the number of horses in New York city resulted in more than three million pounds of horse manure per day that somehow needed to be disposed of. That’s not to mention the daily 40,000 gallons of horse urine.