• 0 Posts
  • 10 Comments
Joined 1 year ago
cake
Cake day: June 21st, 2023

help-circle
  • Imagine you’re a government lawyer working on the US case and you show up to a deposition and pull your iPhone out set it on the table.

    What are the chances that your Apple ID and iCloud are mysteriously banned for violations of the terms of service for which Apple can’t share the specific reason because of “policy related security reasons” before the week is out?







  • The government people who are in charge of collecting the dough from this judgment will be wise to the possibility that he may not have a bonafide buyer and that he’s just fluffing if he says a deal is about to go through.

    Any buyer will know that he’s a motivated seller so the offers aren’t going to be all that great.

    When the government seizes banks that are about to fail, usually they seem to find qualified buyers privately and the deal is over within days.

    I have a feeling that because Trump has allowed things to get to this point, the government is less interested in selling at the highest price possible and instead will take any offer that settles the debt.



  • Nobody has 467+ million dollars in cash ready for transfer at any given moment, especially for something like this. That would be poor financial planning even for a billionaire. However… It’s not like he didn’t have a heads up that it’s coming, so it seems like he didn’t have his ducks in a row here.

    I’m sure even Elon or Bill would have to make some annoyingly painful decisions to get that amount of cash on short notice.

    It’s telling that he is struggling to borrow against his properties to raise the capital. It suggests that behind the scenes banks are not offering him favorable terms. And even if he were to win on appeal, it will still be quite expensive for him. I’m guessing that in the bank’s internal analysis they project the original judgment will stand and therefore are considering how much they will earn after they foreclose on his buildings and sell them. It’s potentially sizable…

    If the Trump name were removed from the tower the value might actually increase lol.

    On the other hand, unless Trump is delusional (granted, it’s possible), he must also know that winning on appeal is a long shot and therefore this money, once he puts it up, is gone. I guess his efforts to borrow rather than sell to raise capital are his version of YOLO. Because he’s either president and figures out how to stall, or he’s old already in the consequences will be short-lived.