![Image](https://uploads.disquscdn.com/images/2a54314b17582545ccb115c4ed982cb214a5dd77de7f1c6925072a044a911041.jpg?w=320&h=439)
trump (convicted felon, defamer, insurrectionist, contemnor, and rapist - $537M)
- John Thomas8
- Posts: 5810
- Joined: Mon Feb 22, 2021 7:42 pm
- Location: Central NC
- Occupation: Tech Support
trump (the former guy, defamer, and rapist - $83M)
Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?
- RTH10260
- Posts: 16429
- Joined: Mon Feb 22, 2021 10:16 am
- Location: Switzerland, near the Alps
- Verified: ✔️ Eurobot
trump (the former guy, defamer, and rapist - $83M)
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.John Thomas8 wrote: ↑Sat Feb 24, 2024 5:13 am Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?
- noblepa
- Posts: 2600
- Joined: Mon Feb 22, 2021 2:55 pm
- Location: Bay Village, Ohio
- Occupation: Retired IT Nerd
trump (the former guy, defamer, and rapist - $83M)
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.RTH10260 wrote: ↑Sat Feb 24, 2024 9:15 amIt 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.John Thomas8 wrote: ↑Sat Feb 24, 2024 5:13 am Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?
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?
trump (the former guy, defamer, and rapist - $83M)
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).noblepa wrote: ↑Sat Feb 24, 2024 1:32 pm 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?
Similar rules apply with respect to other judgments, irrespective if obtained by the state or a private party.
- Foggy
- Dick Tater
- Posts: 10735
- Joined: Mon Feb 22, 2021 8:45 am
- Location: Fogbow HQ
- Occupation: Dick Tater/Space Cadet
- Verified: Inventor of flag baseball
trump (the former guy, defamer, and rapist - $83M)
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 wrote: ↑Sat Feb 24, 2024 5:13 am Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?
![Popcorn :popcorn:](./images/smilies/popcorn.gif)
Don't mind me, I just fell out of a coconut tree. ![🥥](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f965.svg)
![🌴](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f334.svg)
- John Thomas8
- Posts: 5810
- Joined: Mon Feb 22, 2021 7:42 pm
- Location: Central NC
- Occupation: Tech Support
trump (the former guy, defamer, and rapist - $83M)
Back in 2021 Forbes estimated the orange shitgibbon had $228 million coming due in 2024 ($1.3 billion between 2022 and 2048):Foggy wrote: ↑Tue Feb 27, 2024 12:01 pmAnd 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 wrote: ↑Sat Feb 24, 2024 5:13 am Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?
![]()
https://www.forbes.com/sites/danalexand ... d7546d4575
trump (the former guy, defamer, and rapist - $83M)
That's a lotta shoos!John Thomas8 wrote: ↑Tue Feb 27, 2024 3:37 pmBack in 2021 Forbes estimated the orange shitgibbon had $228 million coming due in 2024 ($1.3 billion between 2022 and 2048):Foggy wrote: ↑Tue Feb 27, 2024 12:01 pmAnd 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 wrote: ↑Sat Feb 24, 2024 5:13 am Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?
![]()
https://www.forbes.com/sites/danalexand ... d7546d4575
Like as the waves make towards the pebbled shore,
So do our minutes hasten to their end . . .
So do our minutes hasten to their end . . .
- noblepa
- Posts: 2600
- Joined: Mon Feb 22, 2021 2:55 pm
- Location: Bay Village, Ohio
- Occupation: Retired IT Nerd
trump (the former guy, defamer, and rapist - $83M)
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.John Thomas8 wrote: ↑Tue Feb 27, 2024 3:37 pmBack in 2021 Forbes estimated the orange shitgibbon had $228 million coming due in 2024 ($1.3 billion between 2022 and 2048):Foggy wrote: ↑Tue Feb 27, 2024 12:01 pmAnd 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 wrote: ↑Sat Feb 24, 2024 5:13 am Along with all these judgments, doesn't this maggot have some 9-figure loans coming due within a year?
![]()
https://www.forbes.com/sites/danalexand ... d7546d4575
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.
trump (the former guy, defamer, and rapist - $83M)
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.
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.
Hic sunt dracones
trump (the former guy, defamer, and rapist - $83M)
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.![Popcorn :popcorn:](./images/smilies/popcorn.gif)
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 ...
![rotflmao :rotflmao:](./images/smilies/rotflmao.gif)
![Nope :nope:](./images/smilies/eusa_snooty.gif)
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.
![Popcorn :popcorn:](./images/smilies/popcorn.gif)
- noblepa
- Posts: 2600
- Joined: Mon Feb 22, 2021 2:55 pm
- Location: Bay Village, Ohio
- Occupation: Retired IT Nerd
trump (the former guy, defamer, and rapist - $83M)
And, his defense in this trial was that no one SHOULD believe his financials.chancery wrote: ↑Tue Feb 27, 2024 5:36 pm 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.![]()
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
- Posts: 4189
- Joined: Mon Feb 22, 2021 10:23 pm
- Location: The Swamp in Victorian Oz
- Occupation: Retired Computer Systems Analyst Project Manager Super Coder
- Verified: ✅lunatic
trump (the former guy, defamer, and rapist - $83M)
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.
Be assured that a walk through the ocean of most souls Would scarcely get your feet wet
trump (the former guy, defamer, and rapist - $83M)
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.keith wrote: ↑Thu Feb 29, 2024 2:09 ambut 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.
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
- Posts: 4189
- Joined: Mon Feb 22, 2021 10:23 pm
- Location: The Swamp in Victorian Oz
- Occupation: Retired Computer Systems Analyst Project Manager Super Coder
- Verified: ✅lunatic
trump (the former guy, defamer, and rapist - $83M)
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. )
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. )
Be assured that a walk through the ocean of most souls Would scarcely get your feet wet
- Sam the Centipede
- Posts: 2156
- Joined: Thu Feb 25, 2021 12:19 pm
trump (the former guy, defamer, and rapist - $83M)
"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.
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
- Posts: 20219
- Joined: Mon Feb 22, 2021 10:21 am
- Location: Nothing, Arizona
- Occupation: bit twiddler
- Verified: ✔️ he/him/his
trump (the former guy, defamer, and rapist - $83M)
Geez, it's *almost* like tfg just makes this stuff up.
https://www.nbcnews.com/politics/2024-e ... rcna140896Trump'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.”
![]()
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
- raison de arizona
- Posts: 20219
- Joined: Mon Feb 22, 2021 10:21 am
- Location: Nothing, Arizona
- Occupation: bit twiddler
- Verified: ✔️ he/him/his
trump (the former guy, defamer, and rapist - $83M)
Sarah Reese Jones @PoliticusSarah wrote: 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."
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
trump (the former guy, defamer, and rapist - $83M)
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
- Posts: 20219
- Joined: Mon Feb 22, 2021 10:21 am
- Location: Nothing, Arizona
- Occupation: bit twiddler
- Verified: ✔️ he/him/his
trump (the former guy, defamer, and rapist - $83M)
Cheezus lubs ya.
Ron Filipkowski @RonFilipkowski wrote: Franklin Graham praying with Trump near the border.
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
- raison de arizona
- Posts: 20219
- Joined: Mon Feb 22, 2021 10:21 am
- Location: Nothing, Arizona
- Occupation: bit twiddler
- Verified: ✔️ he/him/his
trump (the former guy, defamer, and rapist - $83M)
![Laughing :lol:](./images/smilies/icon_lol.gif)
Molly Ploofkins™ @Mollyploofkins wrote: Demented Don waves at migrants attempting to cross the border, gives them a fist pump of solidarity and then says "They like Trump."
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
- RTH10260
- Posts: 16429
- Joined: Mon Feb 22, 2021 10:16 am
- Location: Switzerland, near the Alps
- Verified: ✔️ Eurobot
trump (the former guy, defamer, and rapist - $83M)
![Brick Wall (small) :brickwallsmall:](./images/smilies/brickwall.gif)
![Brick Wall (small) :brickwallsmall:](./images/smilies/brickwall.gif)
![Brick Wall (small) :brickwallsmall:](./images/smilies/brickwall.gif)
trump (the former guy, defamer, and rapist - $83M)
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?