this post was submitted on 08 Mar 2024
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politics

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[–] [email protected] 56 points 8 months ago (2 children)

Dementia J Trump can't even come up with $83M. It's going to be interesting how low the prices go during his estate fire sale to come up with 1/2 a billion. What a loser.

[–] Today 24 points 8 months ago (1 children)

Vice President Putin has entered the room.

[–] foiledAgain 21 points 8 months ago

He’s way over there at the end of the table

[–] elbarto777 4 points 8 months ago (2 children)

Can we crowdfund the cost and buy it ourselves to have fediverse parties?

[–] Witchfire 6 points 8 months ago

Host a drag convention at the place formerly known as Trump Tower

[–] [email protected] 4 points 8 months ago

Adding to demand will drive the price up .

[–] [email protected] 48 points 8 months ago (1 children)

A New York judge on Thursday denied Donald Trump's request for a temporary delay of the penalties in E. Jean Carroll's defamation case, leaving the former president three days to pay or post a bond for the entire $83.3 million judgment.

lol

Pay up deadbeat.

[–] elliot_crane 46 points 8 months ago (1 children)

Posted this once before and I’m gonna keep going until it no longer amuses me:

One of the ex-presidents of a very big country stood up and asked me, he said to me, “Well sir, if I don’t pay and I’m charged by the court - will you protect me?”. I said “You didn’t pay? You’re delinquent?” He said “Yes let’s say that happened.” No, I would not protect you. In fact, I would encourage the attorney general to do whatever the hell she wants. You gotta pay. You gotta pay your bills.

[–] kmartburrito 43 points 8 months ago (1 children)

Awww, too bad...Guess he spent all his money on adult diapers and wedges to put under the front of his shoes so his fat ass doesn't fall on his loser fake ass spray tan face.

Get fucked, you piece of shit garbage human being.

[–] glitch1985 6 points 8 months ago (1 children)

Hamberders aren't free ya know!

[–] ChowJeeBai 3 points 8 months ago

Neither are porn stars!

[–] [email protected] 37 points 8 months ago

Surely a real BiLliOnAirE would easily be able to lay his hands on a paltry $83 million...

[–] Coach 19 points 8 months ago (1 children)

I thought he was rich. Fucking lol.

[–] Death_Equity 14 points 8 months ago (2 children)

Even if he has a net worth that is legitimately where he claims(it isn't), he would not have tens of millions available. All his money would be in properties, bonds, stocks, and some squirreled away in Russian nesting dolls of accounts overseas. You don't keep millions in the bank when inflation is where it is at, putting it in property or other assets is safer and more profitable.

With actual billions in net worth, he would probably have to lose tens of millions to have $83m transferrable in "short" notice and it could take weeks.

The $83m is probably doable, the half billion is probably going to need outside financing or property loss. So we will see a better picture of things when some of his properties go up for sale at a deep discount compared to his appraisal. Lol

[–] partial_accumen 14 points 8 months ago (2 children)

The $83m is probably doable, the half billion is probably going to need outside financing or property loss.

Real billionaires just use their assets (those properties, bonds, and stocks you mentioned) as collateral against a loan. They could then take the weeks or months needed to liquidate other assets at maximum value to pay off the loan.

I mean, you don't even need to be a only 1%-er to get a loan against your stocks with a Pledge Asset Line (of credit).

" What is a Pledged Asset Line?

A Pledged Asset Line from Charles Schwab Bank, SSB ("Schwab Bank") is a non-purpose line of credit that allows you to borrow against the non-retirement assets in your portfolio—without having to liquidate your investments."

[–] Death_Equity 8 points 8 months ago (1 children)

Absolutely, but he is likely overleveraged against inflated assets. He still owes on multiple properties and at least one of his NYC properties he can't sell for a couple decades.

Luxury properties aren't selling very well right now. It could take years to sell off enough to cover the $84m, I think Mar a lago would need to be sold to cover the half billion. He can of course find a buyer quickly from outside the country, but sanctions could be a problem.

[–] partial_accumen 7 points 8 months ago

I think Mar a lago would need to be sold to cover the half billion.

I find these terms to be acceptable.

[–] [email protected] 5 points 8 months ago

the most amazing thing about this is the fraud case proved that his assets aren’t worth what he says so getting a loan against them is going to be damn near impossible! 🥹

[–] [email protected] 2 points 8 months ago

The problem is finding a legitimate bank that would even attempt a loan with him.

[–] ghostdoggtv 18 points 8 months ago (2 children)

Watch he tries to take a payout from a foreign government and gets punched in the mouth by sanctions

[–] ChowJeeBai 9 points 8 months ago (1 children)

And then cry as he's still allowed to run for office

[–] ghostdoggtv 1 points 8 months ago

Who cry? When he won the first time it was the biggest mistake he'd ever made lol

[–] glitch1985 2 points 8 months ago

Elons money is just as good as Putins.

[–] ikidd 11 points 8 months ago

If he manages to pay this, I think a thorough investigation into the sources of the money are in order.

[–] [email protected] 8 points 8 months ago

I'm sure he'll make that payment any day now.

[–] BoxerDevil 6 points 8 months ago (1 children)

He is going to come up with some ultra petty way to pay. Like paying in 2300 tons of pennies