Originally published at: https://boingboing.net/2024/04/04/breaking-trumps-175-million-bond-in-jeopardy-ny-ag-doubts-its-validity.html
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One grifter supporting another grifter in a huge grift. I would love to be shocked. Really, I would.
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Fuckin A, Doc.
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This seems designed as yet another delay tactic. And I would imagine one bordering on outright fraud. They probably knew all along that this would not pass scrutiny.
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Delay. Delay. Delay.
Why in the world did James give them 10 days to sort this out? Oh come on! This was a BS move and she knows it.
Sort it out in 24hrs tops I’d say.
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I think not filling out the form properly the first time, and with no financial information attached, was a big red Take A Closer Look flag.
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wait the guy who’s business to give out shady loans. gave out a shady loan? the courts are looking like simple marks.
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Leave it to von Clownstick to commit fraud while appealing a fraud conviction. < chef’s kiss >
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AND for it not making a damn bit of difference in bringing him any closer to a prison cell.*
* Not that this case was necessarily going to do that, but you know them feels.
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They have that pen at the dollar store, you run it over a $20 to see if it’s fake. Use that on the bond.
Also: for once I’d like hear them say “Breaking News!” and it’s this:
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I really have enjoyed finding out that New York’s financial laws are so heavily weighted on the state getting paid before they do anything, and that they will happily do the homework to make sure your check clears.
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Remains to be seen but, I thought this might be a bonehead move; more likely exposing hankey than helping trump. So much for the claimed genius of the elites.
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This is what absolutely pisses me off the most. I keep seeing people talk about how NY AG, Fulton County DA, Jack Smith, etc. is playing chess out here outmaneuvering trump and his legal team. This is it, THIS time, we’ve got him!
Nah…trump and all of his indictments and past legal woes is real life “playing chess against a pigeon”. We keep trying to nail his jello ass to a wall and it isn’t working.
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$175 million bond that allowed him to appeal the $464 million fraud judgment
This gets misreported a lot. The bonds in the New York State cases aren’t to allow him to appeal the judgements, they’re to stay collection on the judgements while he appeals. He doesn’t have to put up the money to file his appeals, but if he doesn’t then they can start collecting on the judgements while the appeals are in process.
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Knight Specialty Insurance presenting their financial paperwork.
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Lt. Dan to Forrest: “Are you stupid?”
Forrest to Lt. Dan: “Stupid is as stupid does, sir!”
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This describes the shenanigans pretty well…
Hankey said that Trump used “cash” as collateral for the bond, a total of $175 million.
“First he furnished about $120 million worth of bonds that we OK’d, so we assumed it would be investment-grade bonds and cash. But as it turned out, it was all cash,” he told CBS News in a brief phone call on Tuesday.
But Trump retained that $175 million cash collateral, according to Shah. He said the money is in an account that is “pledged” to the company. He would not specify the type of account. Trump paid a premium to the company that Shah declined to disclose.
Reminds me of the classic comic book drawing of a kid buying a soda with a nickel that’s tied to a string so he can pull it back out of the coin slot.
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As long as we’re going for the old references…I’ll gladly pay you Wednesday for a bail bond today…
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