"Poison pill"?He does seem a bit grumpy lately. pic.twitter.com/Fwapaarwwp
— Ron Filipkowski (@RonFilipkowski) February 19, 2024
Turley is being a toad. He knows supersedeas bonds are standard in state and federal courts.
I was googling the subject earlier and came across an account of a large judgment against an equally large corporation. I couldn’t find it again, but as I recall, they spent thirty days trying to find a backer for the supersedeas bond. The amount required exceeded the amount any lender was willing to loan (I think they literally didn’t have collateral sufficient to secure it), so the company had no choice but to pay the judgment before the interest started accumulating.
Remember, the usual amount of the bond is the judgment amount plus one year’s interest. Which is why Letitia James said the amount due is $450 million. That’s the bond Trump has to fund, or borrow to fund. And the value of any property Trump owns is diminished by the debt load on that property. Which is part of the reason Trump needs cash from sneakers and NFTs.
But a”poison pill” put in by Engoron? Bullshit.
I am one of those who doubts there is any substantial Trump property that is fully owned by him or that family of gangsters. I'm hoping to live long enough to see all of them sold off out from under them. I wonder if the Saudis have a more realistic view of opinion polling than most of the suckers in the media do, they'd never take the chance on bailing him out if they did.
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