Trump Rats Jumping Ship

[RE]

It was inevitable that these clowns would flip.  Which now as we approach the magic year number of 2024 and the POTUS campaign beginning in earnest brings back the $64,000 Question:  Can a convicted felon be elected POTUS and run the country from a Federal Penitentiary instead of the White House?  Capone ran the Chicago Mob from inside Joliet Prison, right?

https://www.usatoday.com/story/news/politics/2023/10/21/trump-co-defendant-guilty-pleas-georgia-election-powell-chesebro/71256568007/

'Ominous' sign for Donald Trump? Guilty pleas from Chesebro, Powell raise the stakes in Georgia



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[K-Dog]

The opinion that Trump has a chance at POTHUS again is a personal intelligence test of mine.

  Even the lucky have wings of wax when they fly too close to the sun.  He has.

[RE]

If you are at all familiar with Trumpovetsky's long history of overstating his wealth publicly while trying to minimize his tax liabilities privately with sealed tax filings, as well as seeking financial support from Russian Oligarchs laundering money in the NY RE market, you won't be at all surprised to learn that the master of the Art of the Deal doesn't have the cash floating around to post bond for the half a $BILLION$ dollars worth of fines he currently has racked up in judgements against him, and growing all the time with interest the longer he tries to delay or avoid paying by appealing the rulings.  Obviously also, he hopes to delay all this long enough to win the POTUS election, then in all likelihood Pardon himself as his first official act after being sworn into office by the Chief Justice of the SCOTUS.

The timing on all of this is of course hardly coincidental, and by painting himself as the victim of a political witch hunt by evil liberal democrats gain additional sympathy from his constituency of  low grade moron rednecks who are too inbred and stupid to learn to read if they even got a decent education, his legal problems actually enhance the possibility he will be reelected, not diminish it.  These folks perceive this as "thumbing their noses" at the liberal elites who serve Satan.  Add to this the fact that "all publicity is good publicity", with his face in the newz every day spouting off a 140 character Tweet blasting his corrupt opponents, he gets more free publicity every day than the cost of the fines he can't afford to pay.

Of course, we here at the Diner have the slim hopium that he will not get elected and eventually forced into bankruptcy by liquidating his RE holdings and selling into a falling market, but history tells us that it's far more likely that he skates away without even getting 6 months in a federal prison reserved for rich white collar criminals, playing tennis and relaxing in the hot tub followed by eating dinner prepared by the prison chef, a Cordon Bleu trained Chef convicted of laundering money for the Mafia trough his restaurant, prior to pleading out his conviction and taking the prison job for $200K/year, a free Mercedes and private dining room for power brokers where he gets paid by the dinner and makes the buk of his money in untaxable cash and transfers to his offshore bank account in the Cayman Islands.  Once even convicted and sentenced to his 6 month vacation, Trumpovetsky would retire with his Golden Parachute t his own Villa in the Cayman Islands and sip Margueritas with his newest Trophy Wife, an 18 year old Ukrainian model from Kiev.  It's not the kind of punishment we would like to see, but it's better than what we're likely to get, which is 4 more years of this senile, blithering idiot making sure that no matter how bad we think collapse can get, he will make it worse.

So it goes.

https://www.cnbc.com/2024/03/12/new-york-ag-questions-trump-cash-reserves-in-464-mln-fraud-appeal.html

New York AG questions Trump cash reserves as $464 million judgment looms

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[RE]

Looks like the Pincer is beginning to close on Trumpovetsky.  How will his Army of Dimwitted Rednecks react if the NY AG starts liquidating his RE holdings at Firesale prices?  In the current market for commercial RE, if he gets 50% of its assessed value, he'd be doing good.  What if the court can't find buyers at ANY price?  One imagines that if the AG tried to sell a building at a substantial loss, potential buyers would be worried that there would be years of litigation to follow.  Since all his properties are leveraged, how much he would actually get from a sale is impossible to determine, other creditors would want to be paid first before he sees any money.

There is the very real possibility that The Donald actually is a net debtor, and if all his properties were liquidated, he would have more debts than he could pay off,  AKA well and truly TOTALLY BANKRUPT.    That eventuality coming to pass, of a total liquidation of his empire is of course too much to hope for, but a boy can dream, right?  The Donald doing a perp walk in an orange jumpsuit heading for a cell on Rikers Island with Jamal Kareem Abdul Django Mohammed Ali Idi Amin Dada in a neatly tailored Tux to fit his 6'6" 300 lb frame and a jockstrap big enough to carry 2 soccer balls and a Louisville Slugger waiting for his new Prison Wife to join him in the Honeymoon Suite is too much too hope for but I can say my prayers tonight anyhow. lol.

https://www.bbc.com/news/world-us-canada-68600093

Trump unable to get $464m bond in New York fraud case, his lawyers say

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[K-Dog]

Trump unable to get $464m bond in New York fraud case, his lawyers say

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If Trump loses his shit and is out of the picture, then Biden could give Lenin a run for the money.

His eyes are closed, his hair is combed, and his mustache is neatly trimmed. He is dressed in a modest black suit, and his arms rest peacefully at his sides. In a mausoleum in Moscow's Red Square, the body of Vladimir Lenin lies on a bed of red silk, in an ornate glass sarcophagus. Even a century after his death, the corpse of this historic Soviet leader still remains so lifelike that it's often said to scare small children.

The corpse in the oval office is as well preserved.  Maybe more scary.

[RE]

OK, for argument's sake, say Da Judge does go ahead and confiscate Trump Tower.  The bulding doesn't pay the fine, it has to be sold.  Even if a buyer can be found, how much would they pay for it?  I doubt it would cover the whole judgement, even if there aren't liens against it, which I am sure there are.  If the sale price doesn't cover the liens, will the creditors even allow the building to be sold?  They might demand it be held until the market "recovers" and it can fetch a higher price.  In any event, I can't imagine such a sale could be completed and the deal closed in under a year.  There's only maybe 8 months until the election.

Then the idea that The Donald has rich friends who will pass the hat and fork over the fine for him.  That is ludicrous, he can't even find anybody to loan him enough to pay a bail bondsman.  Some other Billionaire is going to give him the cash?  Is Elon Musk really that stupid?

So right now, I can't see where the cash is going to come from to pay this bill.  Which I would think means that until it is either paid or he gets some kind of extension, Da Judge would have to attach not just Trump Tower, but ALL his properties, bank accounts, etc.  There's no guarantee the Trump Tower alone can pay the bill.

If he did indeed have all his assets frozen, how would he run his POTUS campaign?  Wouldn't the money he raises for that also be impounded?

Then, just confuse matters even further, what if he files Chapter 11 Bankruptcy?  Then there is another judge involved who is supposed to oversee the liquidation and sale of assets.  HTF can that get done before the POTUS election?

Can't wait to see how this one gets worked out.

https://nypost.com/2024/03/20/business/donald-trump-may-not-pay-bond-and-instead-let-letitia-james-seize-trump-tower-insiders/

Donald Trump may not pay bond — and instead let Letitia James seize Trump Tower: insiders

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[K-Dog]

If he wins it will get worked out and other people will pay.

If he does not win he probably has enough stuffed away in Europe or wherever to finance couch surfing in style.

The Donald does not go away.

[RE]

If he wins it will get worked out and other people will pay.

If he does not win he probably has enough stuffed away in Europe or wherever to finance couch surfing in style.

The Donald does not go away.

In principle I agree with you, but in this case, the devil is in the details.  The NY AG can't look like shhe is wweak or being played, but at the same time the demodopes don't want it to look like it's a political witchhunt and they're trying to use The Donald's financial woes to steal the election.  Which is of course what they are trying to do, because they are too stupid and corrupt themselves to win it honestly.

Also, while I doubt His Royal Corruptness will end up Homeless living in a tent on Skid Row, he's such a public figure that if he did have his corporate self liquidated in bankruptcy, in a couple of years if he's still flying around in his Private Jet and sipping Margueritas in Mar-a-lago, I would think that would be pretty embarassing for the Demodopes, as well as the legal system.  I mean sure, we've come to accept that rich criminals never really get punished, but usually they fade into obscurity.  The Donald is too much of a narcissist to drop out of the limelight, at least until he is dead.

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[RE]

It's getting a bit clearer as to what will (NOT) happen as far as Don Trumleone's fines are concerned to cover his bail while he waits for his appeal.  Da Judge won't try to sell the real estate like Trump Tower, which as I mentioned is so encumbered by liens NYS wouldn't get much after the other creditors got paid off first, nor can The Donald raise the money by begging his army of idiots or sympathetic billionaires either.  All that is gonna happen here is that Trump Tower and a couple  of other high profile properties will be held in Escrow while the appeal process plays out.  While any income these properties produce won't be available to him, it won't affect his daily living expenses since those are all getting picked up by his reelection campaign donations.  Then if he wins his appeal OR get reelectted POTUS, the properties will just be handed back over to him.  No money will ever change hands.

Only IF he both loses his appeals all the way to the SCOTUS and the election would these properties ever have some chance of being sold.  Whether he could actually pay off the entire bill even by liquidating his entire empire will never be known.  All the sales of anything he owns will be held up in court for at least the next decade.  Even if he doesn't have a Mansion of his own in the Cayman Islands that doesn't get attached, I'm sure some friendly billionaire will give him one of his places to send Instagrams out to his troops from until he croaks.

All this free publicity + the sympathy vote will probably get him elected though, so in good 'ol Amerikan fashion, he'll end up richer than ever, and the NYS AG will go to prison for corruption.

That's how it goes in Amerika.  Everybody knows.

https://www.msnbc.com/rachel-maddow-show/maddowblog/trump-assets-new-york-letitia-james-rcna144548

Trump is trying to avoid a 'fire sale' of his empire. So is Letitia James.

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[RE]

I definitely love the new nickname, except it's still a bit premature.  When he pulls out the credit card at Starbucks to pay for his Cappucino and it gets rejected, then we can have some real fun.   

https://www.independent.co.uk/news/world/americas/us-politics/don-poorleone-donald-trump-memes-bond-payment-b2517992.html

'Don Poorleone': Trump memes explode as deadline approaches for $464m bond payment

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