Posted on 03/19/2024 7:36:26 AM PDT by ChicagoConservative27
Former Trump attorney Michael Cohen said former President Trump is “really angry” that he can’t make bond in his New York civil fraud case.
“Yeah, he’s really angry right now,” Cohen said in a Monday night interview on CNN’s “The Source” with anchor Kaitlan Collins. “That’s what happens, when Donald gets frustrated, he gets angry, when there’s a situation that is completely out of his control.”
Trump’s lawyers indicated in a Monday court filing that the former president cannot secure the $464 million bond due in the case. His attorneys said they have spent “countless hours negotiating with one of the largest insurance companies in the world” and approached 30 companies to back the bond.
(Excerpt) Read more at thehill.com ...
There has to be harm to file for 8th amendment protection. He had to give due diligence on the bond to prove the harm.
More likely the banks do not want the investigation that comes with loaning money to Trump.
As part of the order, Trump cannot do business with NY banks...
No, I don’t think that’s it, banks are feral, period. They own the politicians, they aren’t afraid of them.
Baghdad Bob
Duh, who would not be?
Nobody’s squashed this cockroach yet?
Im wondering if he really get cant the bond anywhere or hes just slow walking it. Trying his hand at reduction ... or just to spite them.
I’m not a layer, so I’m (at least) as in the dark as you. I’m guessing the case has to run its course in the state courts before appealing to the federal courts. At this point, Trump’s lawyers are still trying to appeal to the state, but don’t have the money to file an appeal.
By demanding $500M, NY is not only imposing an excessive fine, but essentially denying Trump his right to due process. You would think that would be enough to get an injunction, either in state or federal court. Maybe that happens when NY files to seize a Trump property.
When Lacreature James was in her fourth-floor ghetto walkup, boiling water for her
bath in her one room cold-water flat, she nurtured her jealous vendetta against Trump.
She plotted on how she would corner him, take all his money and properties.....
.all because he was rich and she was poor and black, forced to live in a ghetto.
Yes, the court filing yesterday included the denial of bond from multiple sources.
“As part of the order, Trump cannot do business with NY banks...”
That part of the judgment has been stayed pending the appeal, even without the posting of a bond.
What isn’t stayed is the right of the judgment creditor (the State of New York) to start enforcing the judgment. That means seizing Trump’s assets to satisfy the amount that he currently owes. (He owes it unless and until it’s reduced or eliminated on appeal.)
So Trump is free to deal with banks and surety companies. His problem is that institutions writing appellate bonds want collateral. In particular, they want collateral that they can easily liquidate if need be. That means cash, stocks, and bonds. They aren’t keen on accepting real estate, and that’s what Trump has a lot of.
Former Trump attorney Michael Cohen said former President Trump is “really angry” that he can’t make bond in his New York civil fraud case.
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Oh come on. Did Cohen manage to say this with a straight face?
Even if Trump could pay this lawfare judgement, he wouldn’t. Trump is putting on a show about his inability to pay the $464M. And I don’t blame him. I’d play the same game too.
“I understand he needs a bond to appeal the verdict.”
That’s a common misconception. He can appeal with or without a bond.
The bond is needed if he wants to stay enforcement of the judgment while the appeal is pending.
If he files a bond, then the stay is automatic and the Attorney General can’t do anything about it. If he doesn’t file a bond, the court has discretion to order a stay anyway, and that’s what his lawyers have requested.
He even speculated that Banks in NYC could be afraid to grant the bond because the government might go after them.
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What an amazing and accurate prediction. Would Trump default on the bond companies? If anyone thinks this $464M will ever be refunded, they are on drugs.
The left is obviously trying to prevent anyone from extending loans to Trump.
Maybe it is so they can force sales of Trump assets
Or maybe it to set up the next card they are going to play... campaign finance violations.
I suspect if Trump gets the cash media sycophants will say Trump is using campaign funds illegally.
Then the DOJ will swoop in with charges Trump used political donations for private use.
A 2 fold attack of massive fines/jail... while trying to demoralize Trump’s base with allegations donations are being used for legal fines instead of campaigning.
The judge and attorney general pretty much put Trump’s private parts in a vice.
Ah I see, so as of this moment, he hasn’t technically been wronged even though its seems fairly obvious his 8th amendment rights have been violated.. so he can appeal and the court could opt to stay the judgement during appeal or enforce it..
If they choose to enforce it, then Trump, I would think can certainly argue he has been damaged, and I would hope be able to immediately file a federal suit claiming 8th amendment violations and ask the federal judge to issue a stay.
Complete conjecture, so any lawyer here can smack me down.
So, can’t afford to give bond, and asking state to stay the enforcement during appeal.... but state could and likely won’t... then once they actually try to collect, Trump can file fed case claiming his 8th amendment rights are being violated in federal court?
Man I am glad I didn’t follow my father into law, this crap is just beyond insanity.
If he doesn’t post it by next Monday the NY AG’s office can start attaching assets. I would think that he would want to avoid that if at all possible.
A blatant lie. Be sure that each and every hour WAS counted and WILL be billed for. Lawyers not counting hours. Pfft.
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