Which doesn’t solve the problem of funding the bond.NEW: Judge GRANTS Trump a partial stay of $465M fraud judgment that allows him and his sons to steer the company and obtain loans to put up a bond while they appeal. @rscharf_ & me
— Frank G. Runyeon (@frankrunyeon) February 28, 2024
Judge said he was “somewhat sympathetic” to arg Trump didn't have the cash & couldn't get a loan https://t.co/Szor25AWao pic.twitter.com/kx5oOZZQNg
As many commentators have pointed out: do you want to loan money to a man who might win the Presidency? Because he’d probably block you from enforcing the loan, especially if he loses on appeal (and this order gives no one any reason to think he will win). Who wants to be on the hook for this? Especially if the collateral is Trump’s buildings, which the lien holder would sell at fire sale prices, too. That might take a lot of buildings; and time. Multiple defendants, and if owners challenge? Well, that’s what Trump does, isn’t it?
Granted, Letitia James might do no better than fire sale prices on enforcement, but she isn’t trying to recoup money loaned out by the state. Collateral for this bond might well be all of Trump’s properties. And even then, would it be worth it?
I don’t think this order gets Trump any further along than he was yesterday.
And I think today was the last day to appeal the second Carroll judgment. Unless he got a stay I don’t know about.
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