trump (the former guy, defamer, insurrectionist, and rapist - $83M)

[neonzx]

[John Thomas8]

Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?

[RTH10260]

Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?

It was mentioned elsewhere, the NY case perhaps, that if the state puts a lien on some of his assets or takes them, this may lead to an immediate cancellation of loans based on contract terms, with an avalanche effect.

[noblepa]

Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?

It was mentioned elsewhere, the NY case perhaps, that if the state puts a lien on some of his assets or takes them, this may lead to an immediate cancellation of loans based on contract terms, with an avalanche effect.

Speaking of liens, I know that a lien by the IRS for unpaid taxes immediately goes to the head of the line, even before secured mortgage lenders.

Is that true for liens by a state government for a court judgement?

IOW, if NY puts a lien on one of Trump's heavily mortgaged properties, does the secured creditor get paid before or after the state, even though the creditor was there first?

[jcolvin2]

Speaking of liens, I know that a lien by the IRS for unpaid taxes immediately goes to the head of the line, even before secured mortgage lenders.

Is that true for liens by a state government for a court judgement?

IOW, if NY puts a lien on one of Trump's heavily mortgaged properties, does the secured creditor get paid before or after the state, even though the creditor was there first?

A federal tax lien does not immediately go to the head of the line. It's place in priority depends on when the Notice of Federal Tax Lien was filed vis-a-vis the filings of other secured creditors (e.g., the deed of trust filed by a secured mortgage lender). If it were otherwise, our home mortgage market would have long since collapsed (or lenders would have charge much higher interest rates).

Similar rules apply with respect to other judgments, irrespective if obtained by the state or a private party.

[Kendra]

[Foggy]

Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?

And what about money he owes to the Russians? We're focusing on the civil cases, but doesn't he have to pay the Russians first, or maybe he wakes up with Melanie's head in his bed?

[John Thomas8]

Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?

And what about money he owes to the Russians? We're focusing on the civil cases, but doesn't he have to pay the Russians first, or maybe he wakes up with Melanie's head in his bed?

Back in 2021 Forbes estimated the orange shitgibbon had $228 million coming due in 2024 ($1.3 billion between 2022 and 2048):

https://www.forbes.com/sites/danalexand ... d7546d4575

[Resume18]

Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?

And what about money he owes to the Russians? We're focusing on the civil cases, but doesn't he have to pay the Russians first, or maybe he wakes up with Melanie's head in his bed?

Back in 2021 Forbes estimated the orange shitgibbon had $228 million coming due in 2024 ($1.3 billion between 2022 and 2048):

https://www.forbes.com/sites/danalexand ... d7546d4575

That's a lotta shoos!

[noblepa]

Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?

And what about money he owes to the Russians? We're focusing on the civil cases, but doesn't he have to pay the Russians first, or maybe he wakes up with Melanie's head in his bed?

Back in 2021 Forbes estimated the orange shitgibbon had $228 million coming due in 2024 ($1.3 billion between 2022 and 2048):

https://www.forbes.com/sites/danalexand ... d7546d4575

As I understand it, that amount could balloon very quickly. Apparently, it is common practice in large commercial loans to include a clause that makes the loan immediately due upon the filing of a judgement lien.

So, if Trump drags his feet, Ms. James may very well start filing liens on his NY properties. This could cause hundreds of millions of dollars in loans becoming instantly due.

[Suranis]

True. One of the things that caused ENRON to crash is that their Investment ratings went through certain floors and that suddenly unlocked Billions in debt that had investment ratings clauses to suddenly become due immediately.

If Turnip has shitty clauses in his loans, then he could suddenly be caught in a debt tornado spiral with people who are NOT impressed with his Presidential begging.

[chancery]

The thing is, lenders don't want to go through a foreclosure -- it's expensive, time-consuming, and risky -- and they usually don't even particularly want the borrower to tender a balloon payment in accordance with the contract, because it puts the lenders to the trouble of finding a substitute investment on short notice. Lenders want a reliable stream of interest payments over a long term.

As a result, there's usually a lot of incentive all around to resolve unexpected events of default through negotiations. Maybe a little restructuring here, some addition collateral there, and frequently an increase in the interest rate as a sweetener. But of course, the negotiations won't get very far if the lenders don't trust Trump's financial statements, and as to that ... For instance, it seems unlikely that anyone is going to offer him a preferential interest rate.

Judge Barbara Jones -- who his lawyers just insulted in an unprofessional and extremely short-sighted way -- might turn out to be Trump's best friend in this situation. However, I suspect that she wouldn't feel comfortable putting any kind of stamp of approval on Trump's finances for the purpose of reliance by the lenders.

We'll see.

[noblepa]

As a result, there's usually a lot of incentive all around to resolve unexpected events of default through negotiations. Maybe a little restructuring here, some addition collateral there, and frequently an increase in the interest rate as a sweetener. But of course, the negotiations won't get very far if the lenders don't trust Trump's financial statements, and as to that ... For instance, it seems unlikely that anyone is going to offer him a preferential interest rate.

We'll see.

And, his defense in this trial was that no one SHOULD believe his financials.

Lenders might use the threat of foreclosure to force higher interest rates.

One the talking heads said that he could file for personal bankruptcy to stop enforcement of the judgements. That would do a lot for his claim of being the biggest, bestest businessman who ever lived.

[keith]

One the talking heads said that he could file for personal bankruptcy to stop enforcement of the judgements. That would do a lot for his claim of being the biggest, bestest businessman who ever lived.

but that is absolutely standard business practice for the turnip.

Strike up a development company, get the company to take out loans and pay him exorbitant 'finders fees' or whatever the heck, then separate himself from the company except for leasing his name back at exorbitant rates. Then the company files for bankruptcy with no connection to him except for liabilities for franchise fees or whatever.

He's done it over and over and over.

[much ado]

One the talking heads said that he could file for personal bankruptcy to stop enforcement of the judgements. That would do a lot for his claim of being the biggest, bestest businessman who ever lived.

but that is absolutely standard business practice for the turnip.

Strike up a development company, get the company to take out loans and pay him exorbitant 'finders fees' or whatever the heck, then separate himself from the company except for leasing his name back at exorbitant rates. Then the company files for bankruptcy with no connection to him except for liabilities for franchise fees or whatever.

He's done it over and over and over.

In the past, he has never declared personal bankruptcy. He has always set up corporations that suck in investors, as you say. And then he has milked the corporation in multiple ways before the corporation, reduced to an empty shell, declares bankruptcy, thereby screwing investors and bondholders, but not Donald.

This situation is different, Trump and his corporations are jointly and severally liable for the judgment. In the NY civil fraud case, the State of NY can go after ANY of the Trump corporations involved or Trump himself. Because of the monitor, his corporations cannot offload assets. And also, he cannot declare personal bankruptcy while he still has personal assets. So even if he gets rid of personal assets and declares personal bankruptcy, he is still very, very screwed, because assets like 40 Wall Street can be seized if he does not come up with a bond or cash deposit.

That talking head is wrong.

[keith]

Agreed, but...

TRUMP is the 'Brand'. 'Trump: Donald John^House of Drumpf' is the living man. Under UCC, its only the Brand that can be prosecuted because the living man, Trump: Donald John^House of Drumpf, is a soverign and subject only to the laws of God.

Game! Set! Match!

(ETA: I'm not an expert in these things, I may have got the spelling wrong or left out a couple of wingdings. )

[Sam the Centipede]

"Joint and several liabilty" is (in my ignorant opinion) a wonderful thing.

I like the way it says "no, bad people, listen,:it's not the beneficiary's job to decide who pays how much nor to capture you individually. You miscreants can argue amongst yourselves about the correct apportionment if you wish, we don't care. But don't argue too long, the hounds are chasing all of you."

For fraudsters like the Trumps, it's excellent that this – plus the monitor over the Trump companies – blocks plenty of avenues for hiding the loot with other members of the family or less vulnerable companies.

I haven't been following the Alex Jones cases but he seemed to be making a lot of headway in attempts to remove his riches from the reach of successful plaintiffs.

[raison de arizona]

Geez, it's *almost* like tfg just makes this stuff up.

Trump's claims of a migrant crime wave are not supported by national data
An NBC News review of available 2024 crime data shows overall crime levels dropping in cities that have received the most migrants.

When Donald Trump speaks at the southern border in Texas on Thursday, you can expect to hear him talk about “migrant crime,” a category he has coined and defined as a terrifying binge of criminal activity committed by undocumented immigrants spreading across the country.

“You know, in New York, what’s happening with crime is it’s through the roof, and it’s called ‘migrant,’” the former president said at a rally in Michigan earlier this month. “They beat up police officers. You’ve seen that they go in, they stab people, hurt people, shoot people. It’s a whole new form, and they have gangs now that are making our gangs look like small potatoes.”

Trump has undoubtedly tapped into the rising anger over crimes allegedly committed by undocumented migrants that have gained national attention — most recently, the killing of college student Laken Riley in Georgia last week, after which an undocumented migrant from Venezuela was arrested and charged with her murder, and the much-reported fight between New York police officers and a group of migrant teens.

According to a recent Pew poll, 57% of Americans said that a large number of migrants seeking to enter the country leads to more crime. Republicans (85%) overwhelmingly say the migrant surge leads to increased crime in the U.S. A far smaller share of Democrats (31%) say the same. The poll found that 63% of Democrats say it does not have much of an impact.

But despite the former president’s campaign rhetoric, expert analysis and available data from major-city police departments show that despite several horrifying high-profile incidents, there is no evidence of a migrant-driven crime wave in the United States.

Overall crime is down year over year in Philadelphia, Chicago, Denver, New York and Los Angeles. Crime has risen in Washington, D.C., but local officials do not attribute the spike to migrants.

“This is a public perception problem. It’s always based upon these kinds of flashpoint events where an immigrant commits a crime,” explains Graham Ousey, a professor at the College of William & Mary and the co-author of “Immigration and Crime: Taking Stock.” “There’s no evidence for there being any relationship between somebody’s immigrant status and their involvement in crime.”

Ousey notes the emotional toll these incidents have taken and how they can inform public perception, saying, “They can be really egregious acts of criminality that really draw lots of attention that involve somebody who happens to be an immigrant. And if you have leaders, political leaders who are really pushing that narrative, I think that would have the tendency to sort of push up the myth.”

“At least a couple of recent studies show that undocumented immigrants are also not more likely to be involved in crime,” Ousey says — in part because of caution about their immigration status. “The individual-level studies actually show that they’re less involved than native-born citizens or second-generation immigrants.”

https://www.nbcnews.com/politics/2024-e ... rcna140896

[raison de arizona]

Trump's immigration speech was so bad that CNN had to cut him off and go straight to a fact check, "He made several lies, told several lies about the border, also misrepresented his own past on the border in what he did while he was in office."

[Kendra]

Having had a chance to look at some of the video clips from today's border visit, it appears (to me) that Abbott was trailing around tfg like a puppy dog, instead of maybe 1) dealing with the massive wildfire in the panhandle or 2) greeting the President of the US.

[raison de arizona]

Cheezus lubs ya.

Franklin Graham praying with Trump near the border.

[raison de arizona]

Demented Don waves at migrants attempting to cross the border, gives them a fist pump of solidarity and then says "They like Trump."

[RTH10260]

ad infinitum

[RTH10260]

a week ago

[sad-cafe]

and calling Cal Gov "newscum" Gee Dotard how long did it take your cognitive declined brain to come up with a 5 year old behavior?