this post was submitted on 02 Apr 2024
47 points (87.3% liked)

politics

18857 readers
4859 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
  2. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  3. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  4. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
  5. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  6. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS
 

The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, the presumptive Republican presidential nominee will have to pay the state the whole sum, which grows with daily interest.

If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now.

all 11 comments
sorted by: hot top controversial new old
[–] givesomefucks 34 points 5 months ago

There's rules for the rich, and rules for the rest of us...

Should have been seizing his property last week.

[–] [email protected] 15 points 5 months ago

Knight Specialty Insurance Company is looking to lose some money.

[–] Got_Bent 11 points 5 months ago

No money even changed hands. The insurance company basically wrote a promissory note that they pinky promise swear to pay if the appeal fails and trump doesn't pay.

This fucking guy will NEVER suffer a single consequence and we'll all suffer for it.

[–] [email protected] 7 points 5 months ago

The only thing this does is prove (once again) that the justice system has different rules for rich people (or even people who play shell games with their money to grossly inflate their assets).

[–] TropicalDingdong 4 points 5 months ago (1 children)

Any one know how long for the appeal?

[–] [email protected] 10 points 5 months ago (1 children)

I'm sure between the random bullshit filings and the supreme sucker's court, it'll last until late january....

[–] TropicalDingdong 8 points 5 months ago (1 children)

Well that's it then. Its pretty much all up to Joe from here on in. There are no court cases that can effectively keep him out of office at this point. Gonna have to win this one on the field.

[–] [email protected] 4 points 5 months ago

~275M short of his bill.

Name two things that go together as flawlessly as trump + dodging debts.

[–] [email protected] 2 points 5 months ago

DENY THAT FUCKING APPEAL! STEAL THE MONEY BACK!

[–] [email protected] 1 points 5 months ago

This is the best summary I could come up with:


A New York appellate court had given the former president 10 days to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement.

Until the appeals court intervened to lower the required bond, New York Attorney General Letitia James had been poised to initiate efforts to collect the judgment, possibly by seizing some of Trump’s marquee properties.

The court ruled after Trump’s lawyers complained it was “a practical impossibility” to get an underwriter to sign off on a bond for the $454 million, plus interest, that he owes.

Trump is fighting to overturn a judge’s Feb. 16 finding that he lied about his wealth as he fostered the real estate empire that launched him to stardom and the presidency.

Trump denies any wrongdoing, saying the statements actually lowballed his fortune, came with disclaimers and weren’t taken at face value by the institutions that lent to or insured him.

In February, Trump paid the $392,638 in legal fees a judge ordered him to cover for The New York Times and three reporters after he unsuccessfully sued them over a Pulitzer Prize-winning 2018 story about his family’s wealth and tax practices.


The original article contains 723 words, the summary contains 202 words. Saved 72%. I'm a bot and I'm open source!