Orange Duce

[Kismet]

At last, he may finally be toast.
He now needs a solid form the judge he trashed throughout the trial - has to now lie in the bed he made so sorry

[OCanada]

You try to pretend you fo

And you have a nice history of ducking asking questions of orhers but ducking those asked of you.

[Typical Lax Dad]

So Fatso doesn't have all that money after all
His credit isn't very good either

Even the oligarchs and Saudis don't trust him in the end

The affidavit attached to the pleading asking the court to forego the bond in the full amount is interesting. He doesn't talk about creditworthiness at all; he only discusses his efforts to find a bond and underwriter and says he has been told that a litigation/appeal bond in this amount is impossible.

https://homework.study.com/explanation/ ... dency.html

[Typical Lax Dad]

https://www.foxbusiness.com/politics/tr ... le-100.amp

Not sure why anyone is surprised.

[PizzaSnake]

No bond? Inadequate cash?

So sad.

Too bad.

"Some folks are born, silver spoon in hand
Lord, don't they help themselves, yeah
But when the taxman comes to the door
The house look a like a rummage sale."

[PizzaSnake]

This is just precious.

https://www.cnn.com/2024/03/18/politics ... index.html

Watch MAGA blame Biden: If he hadn't frozen every Russian oligarchs' assets...

He is going to nationalize the Biden insurance industry when he becomes President so that they can’t treat people unfairly.

...and loot the Treasury. Oops, joke's on him. No cash there...

[Typical Lax Dad]

This is just precious.

https://www.cnn.com/2024/03/18/politics ... index.html

Watch MAGA blame Biden: If he hadn't frozen every Russian oligarchs' assets...

He is going to nationalize the Biden insurance industry when he becomes President so that they can’t treat people unfairly.

...and loot the Treasury. Oops, joke's on him. No cash there...

I wonder if Elon Musk will front him the money? Can Trump pay somebody to front an L/C for him?

[ardilla secreta]

https://www.foxbusiness.com/politics/tr ... le-100.amp

Not sure why anyone is surprised.

He should call J G Wentworth.

[Typical Lax Dad]

[Typical Lax Dad]

[PizzaSnake]

This is just precious.

https://www.cnn.com/2024/03/18/politics ... index.html

Watch MAGA blame Biden: If he hadn't frozen every Russian oligarchs' assets...

He is going to nationalize the Biden insurance industry when he becomes President so that they can’t treat people unfairly.

...and loot the Treasury. Oops, joke's on him. No cash there...

I wonder if Elon Musk will front him the money? Can Trump pay somebody to front an L/C for him?

Ellie’s bucking for inclusion on the pitchfork list?

Maybe he is. We’ll have to wait and see.

Seen the second Dune yet?

[Typical Lax Dad]

This is just precious.

https://www.cnn.com/2024/03/18/politics ... index.html

Watch MAGA blame Biden: If he hadn't frozen every Russian oligarchs' assets...

He is going to nationalize the Biden insurance industry when he becomes President so that they can’t treat people unfairly.

...and loot the Treasury. Oops, joke's on him. No cash there...

I wonder if Elon Musk will front him the money? Can Trump pay somebody to front an L/C for him?

Ellie’s bucking for inclusion on the pitchfork list?

Maybe he is. We’ll have to wait and see.

Seen the second Dune yet?

I saw Dune at IMAX the Saturday opening weekend with my son, daughter and her boyfriend. My first trip to a movie theatre in a long time. I thought it was SPECTACULAR. The Geidi Prime scenes were remarkable. I thought it was very well done. The audience stood up and clapped afterwards. I wish there were more Mentat scenes…..do the Fremen utilize Mentats? I don’t recall it in the book?

[Typical Lax Dad]

Leroy’s Fish and Waffles has a higher credit rating than Trump

In the media world, something unprecedented happened last week. Arguably, the most neutral media property in the land, USA Today, ran an editorial entitled, "Trump is 'unfit for the presidency,' " with an explainer (in case the message wasn't sufficiently clear): "The Editorial Board has never taken sides in the presidential race. We're doing it now." This, oddly enough, got me thinking about Mr. Trump's credit … not his business credit. His personal credit, i.e., his credit score.

Of the alleged faults and foibles noted in the editorial, a few of them have the potential to hurt a person's creditworthiness. I started to think about that. What sort of credit profile and credit score might Mr. Trump have according to the criteria used by most lenders?

First, let's consider the five criteria that comprise a credit score:

Payment history. Timely payment, late payments, nonpayments are all reported, and account for around 35% of a person's score.
Credit utilization comprises about 30% of your credit score. If you have $5,000 in available credit, you should try to keep the unpaid balance during any given month below $1,000—better yet, $500. The less debt a person carries, the better risk (or lack thereof) he or she represents to a lender.
The age of your credit accounts for about 15% of credit score. Closing an account can impact both credit utilization and the overall age of a person's credit.
The mix of accounts matters. About 10% of your score is based on what kinds of credit accounts you have. The more varied, the better here.
Hard inquiries are about 10% of your score. The more credit you shop for, the more potential lenders get concerned that you are a bit too interested in building your spending power — which is a positive spin for potential over-crediting and financial difficulties.
What Might Be Trump's Credit Score?

There isn't enough gold on this planet to tempt me to make a guess given how litigious the Republican candidate has consistently been during his long career, but there is enough evidence out there based on public statements made by The Donald that he would almost certainly say, "I guarantee there is no problem. I'm a 990!"

Note: The scale for most credit scores tops out at 850.

While doubtless Mr. Trump can borrow from any number of banks, unlike the American people, they get to see his tax returns.

Major caveat: While there is a firewall between a person's business dealings and their personal credit (so long as there have been no personal guarantees and the business has a sufficient balance sheet and credit history), what follows looks at a hypothetical situation where that firewall doesn't exist.

There are some indications that perhaps Mr. Trump might not represent the best risk to a potential lender. Yes, he has been using credit for a long time, so the age issue is not going to be a big factor. As for utilization — 30% of your credit score — it's hard to know since the public has not been afforded a look into his finances beyond the fact that companies he owns have at least $650 million in debt, a reasonable amount in light of his alleged assets, which The Donald has often proffered. And yes, based upon what we know, Mr. Trump has a good mix of loans. One would also imagine in Mr. Trump's credit phantasmagoria there are plenty of hard inquiries and he utilizes his credit to its utmost.

That said, on the first factor, payment history, which accounts for up to 35% of a credit score, Mr. Trump, based on countless reports, appears to have had some issues. While he may well pay off his credit cards and other personal loans in a timely fashion, in this hypothetical there's no firewall between business and personal. Trump's companies are alleged to have a long history of not paying for services rendered. Fox News, in fact, did a story in June stating that, "Donald Trump has been sued at least 60 times by individuals and businesses who accuse him of failing to pay for work done at his various properties." That story referenced earlier reporting on the subject by both The Wall Street Journal and USA Today.

Hillary Clinton, it appears, was wrong when she said Mr. Trump's companies had filed for bankruptcy four times. His ventures have filed for bankruptcy six times according to the Pulitzer Prize-winning organization Politifact. As these were not personal bankruptcies, they would not affect The Donald's score, but in our firewall-free hypothetical (AKA "the real world"), those bankruptcies could really hurt – and don't forget, bankruptcies stay on your credit report for 10 years.

Of course, without access to Mr. Trump's taxes and credit report, it's very hard to make a well-reasoned guess as to the state of his credit. But all of this does remind me a bit of the Great Recession of 2008. Liar loans – also known as "no-doc loans" played a major role in that mess. This was the process by which consumers applied for loans without having to provide paperwork documenting their income and assets. Financial institutions went right along – wink, wink — knowing full well the moral hazard of allowing a borrower to vouch for his or her own financial situation.

Donald Trump is the only candidate for president in our lifetime who has not released his personal tax information to the public. That arguably makes him a kind of a "no-doc" candidate. This may matter to you because if he is elected president, we will be entrusting him with one of the most complex financial instruments in existence: the United States economy.

[ardilla secreta]

The notion that Trumps Biz credit score is 19/100 is ridiculous.
No way it’s that high.

[NattyBohChamps04]

Didn't Trump say under oath he has $400M+ in cash in addition to other properties and investments?

"Pay your bills"

I also love that he flubbed his speech when his teleprompters went out the other day. Thought he was the "no teleprompter" president.

[Seacoaster(1)]

"OK, let's rehire Manafort, and then sue ABC News over the issue of whether I am a rapist. Alina, good idea or what?"

https://storage.courtlistener.com/recap ... 83.1.0.pdf

[njbill]

Maybe if the guy didn’t spend so much money on legal fees, he could afford a bond. And now Jared won’t help out with the bond and Ivanka won’t return his phone calls.

[Seacoaster(1)]

Maybe if the guy didn’t spend so much money on legal fees, he could afford a bond. And now Jared won’t help out with the bond and Ivanka won’t return his phone calls.

Catherine Rampell in the Post this morning:

"Of course no one will lend Donald Trump the half-billion dollars he needs to put up while appealing his fraud case. Would you?

In recent months, the former president has racked up a series of costly legal judgments for his many misdeeds. And when I say “costly,” I mean slightly pricier than the Trump-brand gold sneakers. In fact, after summing up the judgments across all of Trump’s cases so far, he already owes more than the entire gross domestic product of several island nations — put together.

In the most expensive case, Trump was found liable for lying about the value of his real estate assets so he could get better terms on loans and insurance. In that judgment, he owes $464 million, after interest. He’s appealing the case, which was brought by the New York attorney general. In the meantime, a judge has said Trump must put up cash or bond to prove he’s good for the money and isn’t appealing merely to delay payment for a while.

"Despite boasting about his deep pockets — and even saying in a deposition last year that he had “substantially in excess of $400 million in cash” — Trump has struggled to come up with the dough. So, he tried to get out of it. First, his lawyers asked to instead post a $100 million bond. After all, Trump treats every bill he receives as merely an opening offer — even when it’s a court ruling.

The judge said no.

Then, on Monday, his lawyers came back and complained that no one would agree to post a bond on his behalf. The company hired to help secure a bond package said it had reached out to “virtually every major surety in the market” and spent “countless hours negotiating with one of the largest insurance companies in the world.” The lawyers said a key challenge was that Trump wanted to use his real estate as collateral for the bond, and none of the major surety companies would accept it.

Got that? Trump owes this money because he fraudulently misrepresented the value of his assets, and now apparently no one will accept those assets as collateral. Oops.

Imagine you sold someone a glass engagement ring that you claimed was a real diamond. Then, when a judge found you liable for fraud, you tried to use the “diamond ring” as collateral for an appeal bond. That’s the level of chutzpah we’re working with here.

There are other reasons companies might not want to accept his real estate as collateral, including that the properties might be heavily encumbered by debt already, which would mean that the bond issuer would be second, third or fourth in line in the case of a foreclosure. (On a separate note, it would have been useful to know whom he owed money to when he was president — and if not then, now, when he’s running for the office again.)

Also, to be clear, the problem isn’t merely that no single surety will put up the full half-billion dollars. Trump could ask different insurers to lend a fraction of that and each take on a portion of the risk. According to a sworn statement the lawyers submitted, sureties won’t do that, either.

Even if there were no problem whatsoever with Trump’s collateral, skittishness about lending to Trump is more than reasonable. Trump has an extensive history of not paying his bills, whether to cabinet-builders hired by his casinos or big banks financing his skyscrapers. In fact, he often brags about not paying his bills.

Again: He treats every bill, every signed contract, as merely an opening offer.

Additionally, imagine you loan Trump a few million dollars, and then he gets elected president again. It would become virtually impossible to collect. If you did try to collect, Trump would likely have few qualms about siccing the Justice or Treasury departments on you.

How do we know? Because he did exactly this the last time he was president. He weaponized the powers of state for much smaller infractions. For example, his administration opened a bogus antitrust investigation into auto companies that didn’t support his fuel-efficiency standards. His former chief of staff, John Kelly, also said in a sworn statement that Trump tried to order the Internal Revenue Service to investigate his perceived enemies. More recently, Trump himself stated (on TV!) his intentions to deploy law enforcement against his opponents if granted another term.

That’s the funny thing about rule of law: When you make clear you won’t uphold it, those who might need its protection are a little less willing to do business with you."

https://www.washingtonpost.com/opinions ... peal-bond/

[dislaxxic]

Mar-a-Lago Judge’s Stark Ruling: Jury Sees Secret Files or Trump Wins

The MAGA-friendly federal judge who keeps siding with Donald Trump in his Mar-a-Lago classified records case has forced prosecutors to make a stark choice: allow jurors to see a huge trove of national secrets or let him go.

..

[CU88a]

Didn't Trump say under oath he has $400M+ in cash in addition to other properties and investments?

"Pay your bills"

I also love that he flubbed his speech when his teleprompters went out the other day. Thought he was the "no teleprompter" president.

Last year, Trump said under oath that he had “substantially in excess of 400 million in cash,” and that amount was “going up very substantially every month.” Apparently, that statement was a lie, or the money has evaporated, or Trump doesn’t want to use it to pay this court-ordered judgment on top of the $91.6 million bond he posted earlier this month in the second E. Jean Carroll case.

Odds are that he is going to secure a "loan" from a foreign interest against one of his properties to generate the funds for this appeal bond. Or else pick a property to sell for some outrageous amount from a shell LLC backed by an unknown party.