by Pa Rock
Citizen Journalist
Yesterday purported billionaire Donald John Trump was forced to admit that the is unable to raise a paltry $464 million to post as a bond so that he can appeal a judgement leveled against him in a New York civil fraud trial. His lawyers told the appeals court that he has approached companies representing thirty underwriters and that none are willing to post the bond. The underwriters are looking for cash and stocks to guarantee their loans, and are apparently not interested in having the loans secured with Trump properties.
Trump is asking the appeals court to let him slide on the bond until after his appeal of the case has been completed.
Trump, in typical Trump fashion, bellowed on Truth Social claiming the size of the bond is:
"unConstitutional, un-American, unprecedented, and practically impossible for ANY Company, including one as successful as mine. The bonding companies have never heard of such a bond, of this size, before, nor do they have the ability to post such a bond, even if they wanted to."
Which they obviously do not!
Steven Cheung, a Trump campaign spokesman, got even more colorful in denouncing the situation:
"A bond of this size would be an abuse of law, contradict bedrock principles of our Republic, and fundamentally undermine the rule of law in New York. President Trump will continue fighting and beating all of these Crooked Joe Biden-directed hoaxes and will Make America Great Again."
So it was Crooked Joe who made Trump inflate those property values. That figures!
Trump is asking the First Department of the Appellate Division (of the New York State Court system) to let him wait on coming up with all of that cash until after his appeal has run its course. If the appeals court does not comply with Trump's request, seizures of some of Trump's New York properties could begin next Monday.
Get those credit cards ready, Republicans - because you are about to get tapped - hard!
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