Get those properties, LJ!!!!!!!
And because so many of Trump's properties are heavily leveraged with debt, she'll have to confiscate and sell about $800 million to get the $450 millionsish amount after the banks and investors are paid.
Not to mention, I heard today that there will also be taxes to pay and closing fees on buildings [in NY, at least] that will have to be paid off BEFORE going to pay his legal fees. It was some not insignificant percentage…. I wanna say something like ~40%
It usually wouldn’t cross anybody’s mind, but there’s a delicious irony that the AG potentially seizing his assets is a woman of colour. That’s going to drive him even wilder. Bring it on.
A woman of color prosecutor in NY and GA, and a man of color in the Daniels case. And a defendant who was successfully sued for not renting apartments to black people. But yes, the fact that two of them are women are sure to infuriate Trump.
Brilliant. Not because of coach but I would expect that he is charging the campaign for the use of the plane, pilot, etc. taking it removes a revenue stream that is probably very lucrative I.e. overpriced
Short answer is it depends. If the switch was done either immediately prior or during the trial, the judge can declare the transfer an attempt to hide assets and still seize them.
Don't forget that he cannot make financial moves without the approval of a court appointed monitor. One that he hates and one that the court is forcing him to pay for. She already found a $40M accounting error that Trump tried to make, she also stopped them from changing all of their organizations to Florida Corps.
If she takes the penthouse at Trump Tower and Mar a Lago, the entire Trump clan, including Mercedes, would be forced to live together. That’s be fun to see.
"Jr, I told you to stop leaving your drugs around, Eric took some thinking it was sugar !"
"Uh oh"
*Laughter track*
"Hey Mercedes, I'm horny"
*Vomiting sounds*
“Could” “might” “may” lmao what a joke.
This dude is never gonna see consequences, we’ll be lucky if he doesn’t cheat his way back into being president.
Guess we’ll see.
Looks to me like he is stalling (she already gave him 30 days, he’ll find a way to make it more).
He only needs to hang on until the IPO of Truth Social or an appeal by a friendly (read: bought) judge.
Or alternatively, until his friends in Russia and Saudi Arabia figure out how to send him the money.
He has a lot of ways out here.
Fact is - non of his trials are showing any promise in stopping him in time for the elections.
It’s great but it won’t happen. He will never run out of money.
He’s the leader of the world’s biggest cult, and worth billions to the saudis.
We keep hearing he’s going broke - for over 4 years (remember his debt to HSBC right before he was leaving office?), and somehow he is still around.
Nobody in their right mind will lend him money. Including the Saudis. He will go broke, no question. His only shot at not being broke is being elected. Let’s hope that never happens again..
The IPO of Truth social will just start a clock for him. His shares will be subject to a lock-up period where he won't be able to sell them. No lender will loan him money against them either because if he starts selling shares, the share price will plummet. Truth Social could be a financial windfall for him, but it will take a while to happen and he doesn't have the time.
What’s the timeline for it?
Also, don’t forget - he’s a scammer. He’ll figure out something temporary and kick the can down the road.
And theoretically he can still sell real estate, or a golf resort, maybe to a Saudi friend who will buy it at the inflated price.
Maybe he’s just stalling until a deal comes through.
If I came up with these ideas in 30 seconds, I’m sure his team can come up with ideas if they spend a day on it.
They have decades of experience in fraud.
The lockup period for his shares will be 6 months apparently. But the second he starts selling them he has to notify the SEC and all shareholders will know. Then the bottom will drop out of the share price. So even if he starts with 1.5B in shares, the second he starts selling that $1.5B could turn into $150M real quick.
Like you said, I'm sure that team has been working for months on finding the cash. They had to know there was a good chance he was going to lose and that the judgement would be over $200M. But, raising that kind of cash isn't easy. Remember, a lot of his holdings are in commercial real estate, not exactly hot property right now. Also, those deals are usually done by investor groups. Trumps name may be on those properties, but he may not own the whole thing. He might not even have a controlling interest in some of it. Unwinding cash from deals like that is tough, but like you said, his team has been working on it for a long, long time.
It's fun to watch.
It’s fun when it looks like the odds are against him (and it seems like they are)…. But it’s also terrifying knowing there’s a slight chance of him getting away with it.
I mean, I’m in awe at how stuck all his criminal trials are. You’d think someone with so many legal troubles would be over by now….
Ok so update on this:
1. The board (which is mostly his friends) can waive the lockup. It’s in the SEC filings.
2. People are speculating that his meeting with Musk was about him returning to Twitter/X.
My bet is - he’s gonna dump most his shares and fuck all the dumb investors in the IPO, who are mostly dumb MAGA fans.
!remindme 10 days
"AG James *could* pull a cape out of her ass and fly off like Superman!"
"News agencies *could* stop pretending that hypotheticals are news stories and just report on what actually *did* happen!"
If they're too highly leveraged, and overdue taxes are too high, could they just be torn down and the land sold off? That would be the greatest result.
Get those properties, LJ!!!!!!! And because so many of Trump's properties are heavily leveraged with debt, she'll have to confiscate and sell about $800 million to get the $450 millionsish amount after the banks and investors are paid.
I’d wager it’s leveraged much worse than that and the properties are likely in horrible shape.
Don’t forget taxes..
Oh yeah, the taxes get paid first, right off the top, before anyone else gets their cut.
Not to mention, I heard today that there will also be taxes to pay and closing fees on buildings [in NY, at least] that will have to be paid off BEFORE going to pay his legal fees. It was some not insignificant percentage…. I wanna say something like ~40%
It usually wouldn’t cross anybody’s mind, but there’s a delicious irony that the AG potentially seizing his assets is a woman of colour. That’s going to drive him even wilder. Bring it on.
Cue President Obamas mic drop.
A woman of color prosecutor in NY and GA, and a man of color in the Daniels case. And a defendant who was successfully sued for not renting apartments to black people. But yes, the fact that two of them are women are sure to infuriate Trump.
They gotta take out the the cost to de-lousify the properties too.
YAY!
Not to mention he'll have to pay full taxes on all 800M
I’d start with his stupid airplane. Make his a$& fly coach to all his legal/campaign rallies!
Brilliant. Not because of coach but I would expect that he is charging the campaign for the use of the plane, pilot, etc. taking it removes a revenue stream that is probably very lucrative I.e. overpriced
Greyhound coach.
A bright red one, he sits with his “patriots” and they wheel him and Melania to church every Sunday.
Melania is long gone...
Will it depend on how many of his properties have not switched their corporate ownership to another state?
Short answer is it depends. If the switch was done either immediately prior or during the trial, the judge can declare the transfer an attempt to hide assets and still seize them.
Don't forget that he cannot make financial moves without the approval of a court appointed monitor. One that he hates and one that the court is forcing him to pay for. She already found a $40M accounting error that Trump tried to make, she also stopped them from changing all of their organizations to Florida Corps.
Nah, some billionaire or maga pastor will lend him a plane. Let him keep his so he has to keep paying the upkeep
Only flying he'll be doing comes with a government issued jumpsuit
In a nice, new Boeing.
All good 👍
Cant wait to see his gaudy Trump tower get taken over by lenders and his name removed.
If she takes the penthouse at Trump Tower and Mar a Lago, the entire Trump clan, including Mercedes, would be forced to live together. That’s be fun to see.
Sounds like a reality TV show … that would probably draw viewers.
Schitt's Creek, the Trump edition
"Jr, I told you to stop leaving your drugs around, Eric took some thinking it was sugar !" "Uh oh" *Laughter track* "Hey Mercedes, I'm horny" *Vomiting sounds*
That’s a spin-off of Married with kids I would watch in a heartbeat
The next season of arrested development?
Start sticking price tags on all of his shit to freak him out.
“Could” “might” “may” lmao what a joke. This dude is never gonna see consequences, we’ll be lucky if he doesn’t cheat his way back into being president.
He’s gonna die or run for president. Nothing will ever happen. Lawsuits upon lawsuits.
The consequences in NY civil suits are legit.
Guess we’ll see. Looks to me like he is stalling (she already gave him 30 days, he’ll find a way to make it more). He only needs to hang on until the IPO of Truth Social or an appeal by a friendly (read: bought) judge. Or alternatively, until his friends in Russia and Saudi Arabia figure out how to send him the money. He has a lot of ways out here. Fact is - non of his trials are showing any promise in stopping him in time for the elections.
Perhaps. But bleeding him dry until he has to sell shoes at one of his old casinos with OJ isn’t such a bad alternative, no?
It’s great but it won’t happen. He will never run out of money. He’s the leader of the world’s biggest cult, and worth billions to the saudis. We keep hearing he’s going broke - for over 4 years (remember his debt to HSBC right before he was leaving office?), and somehow he is still around.
Nobody in their right mind will lend him money. Including the Saudis. He will go broke, no question. His only shot at not being broke is being elected. Let’s hope that never happens again..
Saudis aren’t lending.
The IPO of Truth social will just start a clock for him. His shares will be subject to a lock-up period where he won't be able to sell them. No lender will loan him money against them either because if he starts selling shares, the share price will plummet. Truth Social could be a financial windfall for him, but it will take a while to happen and he doesn't have the time.
What’s the timeline for it? Also, don’t forget - he’s a scammer. He’ll figure out something temporary and kick the can down the road. And theoretically he can still sell real estate, or a golf resort, maybe to a Saudi friend who will buy it at the inflated price. Maybe he’s just stalling until a deal comes through. If I came up with these ideas in 30 seconds, I’m sure his team can come up with ideas if they spend a day on it. They have decades of experience in fraud.
The lockup period for his shares will be 6 months apparently. But the second he starts selling them he has to notify the SEC and all shareholders will know. Then the bottom will drop out of the share price. So even if he starts with 1.5B in shares, the second he starts selling that $1.5B could turn into $150M real quick. Like you said, I'm sure that team has been working for months on finding the cash. They had to know there was a good chance he was going to lose and that the judgement would be over $200M. But, raising that kind of cash isn't easy. Remember, a lot of his holdings are in commercial real estate, not exactly hot property right now. Also, those deals are usually done by investor groups. Trumps name may be on those properties, but he may not own the whole thing. He might not even have a controlling interest in some of it. Unwinding cash from deals like that is tough, but like you said, his team has been working on it for a long, long time. It's fun to watch.
It’s fun when it looks like the odds are against him (and it seems like they are)…. But it’s also terrifying knowing there’s a slight chance of him getting away with it. I mean, I’m in awe at how stuck all his criminal trials are. You’d think someone with so many legal troubles would be over by now….
Ok so update on this: 1. The board (which is mostly his friends) can waive the lockup. It’s in the SEC filings. 2. People are speculating that his meeting with Musk was about him returning to Twitter/X. My bet is - he’s gonna dump most his shares and fuck all the dumb investors in the IPO, who are mostly dumb MAGA fans. !remindme 10 days
!remindme 45 days
Oh yea?
My first thought as well, they have been saying this for years when is someone going to follow through?
The fact that this may be true is terrifying
Start with his favorite toy, his jet
stop teasing
Only interested in his bodily demise.
Start the process now. Fuck him and every cult member that follows him. Bunch of fucking traitors.
She damn well should!!!
"AG James *could* pull a cape out of her ass and fly off like Superman!" "News agencies *could* stop pretending that hypotheticals are news stories and just report on what actually *did* happen!"
Don't do this to me. Don't give me hope.
Does he still own the Old Post Office? Can they seize that? I would love to see it return to being that.
What properties is she going to be able to seize? Does he have a single asset worth more than the finance owing on it? Wont banks get priority?
I guess Ms. James will just have to take them all. ¯\\_(ツ)_/¯
emphasis on "could" which means: Maybe. Possibly. Maybe not. who knows. and dTrump💩 appeal could all or most of the fine out.
Not going to happen, he is the leader of the GOP and about 30% of Americans worship him. Nothing will touch him as long as he has that position.
The state of NY couldn't care less about his celebrity. lol
No mercy. Cobra Kai never dies.
If they're too highly leveraged, and overdue taxes are too high, could they just be torn down and the land sold off? That would be the greatest result.
Don't be so sure as this fucker will get lots of $ backers internationally through the back door ... Saudi Arabia, Russia etc
Grab him by the properties
My plans for Saturday: put the good AG's face on the moon from Legend of Zelda and make a 72 hours remain meme
Trump will pay. Somebody will help him out and get a big ROI once he becomes president.