Posted on 03/26/2024 5:27:33 AM PDT by SeekAndFind
I suppose we're supposed to be happy that a New York appeals court reduced the amount of bond President Trump must post, just for the 'privilege' of appealing New York's outrageous, excessive, utterly vindictive, $454 million fine over a victimless crime from the state's little kangaroo court.
According to Fox News:
An appeals court slashed former President Trump's bond payment on Monday, saying Trump must pay $175 million within the next 10 days.
Trump had previously faced a Monday deadline to pay a $454 million bond payment that came as a result of civil fraud allegations from New York Attorney General Letitia James.
A New York Appeals Court, hours before the deadline to post the $454 million, lowered that bond considerably. The court ordered that Trump post $175 million within 10 days.
Trump said he will "abide" by the appeals decision and post the $175 million bond.
If Trump does post the $175 million by the new deadline, it would effectively block James from attempts to seize Trump's assets as he continues to appeal the judgment by New York Judge Arthur Engoron.
Supposedly, Trump overvalued his assets to get loans, which isn't a 'crime' anyone else prosecutes, because there weren't any victims. Both borrower and lender were happy with their deal, and Trump paid back the loans in full and on time. Now the banks are angling to do more business with him.
But none of that mattered in that crummy, politicized courtroom, where the leering, giggling, judge, Arthur Engoron, and his rabid fanatic prosecutor, Leticia James, both known Trump-haters, dropped every rule of decency and judicial restraint. They dished out a draconian and ruinous fine from numbers they pulled out of the air, just because they could.
(Excerpt) Read more at americanthinker.com ...
RE: They should reduce it to -$500,000
Nope. It should be ZERO and the case should be thrown out and Letitia James should be referred to the lawyer’s association for disbarment ( together with Judge Engoron ). That is, if there’s any justice.
RE: If that’s the case, then I guess the documents submitted by Trump and were detgermined over inflated by the court
And what credentials does the court have to determine the valuation of property over and above the real estate bankers who, upon doing their due dilligence, gave Trump the loan?
Why should the valuation of robed judges sitting on a bench take precedence over the FREE MARKET? What makes them experts on real estate valuation?
I thought America is supposed to be a country where capitalism and the free market and property rights are respected. Apparently by your lights, they should not be.
RE: I guess the documents submitted by Trump and were detgermined over inflated by the court didn’t mean anything
Yes, you guess rightly. They don’t mean a thing because the court has no right nor does it have the credentials and training to second guess what the banks and property valuators have determined to be the value of a property for collateral. The court exists only to decide if a crime was committed ( which in this case, there was none ).
I said it should be reduced to NEGATIVE $500,000.
Ok, I apologize for misreading. In this case I’d add an additional premium to your value — multiply it by 10!
This ought to act as a deterrent to any future lawfare for political purposes.
We’re cool.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.