Thursday, March 21, 2024

The Coming Fire Sale


by Pa Rock
Citizen Journalist

Donald John Trump, the world's most persecuted individual in at least the last two thousand years, still hasn't been able to raise the $464 million bond that he needs in order to appeal a civil fraud judgement rendered against him by the state of New York, and the state could begin seizing his New York properties as early as next week in order to settle the fine.  Yesterday, in one of his standard angry outbursts, Trump said that his situation was so dire that he might have to begin selling some of his beloved properties at "fire sale" prices in order stay the collection process through an appeal.

That actually sounds like a fair resolution to the matter.  It was Trump's wheeling and dealing with many of those same properties that got him into this particular legal mess to begin with.   He adjusted the purported values of his properties in order to gain favorable terms on bank loans and insurance policies to the point that even he probably had trouble keeping track of their actual worth.

Well, Donnie, soon we will all know the values of at least some of your properties because the "value" will be determined by what the next owner is willing to pay.  

Good luck with the fire sale, whether it is conducted by you or by the state of New York.  It couldn't happen to a more deserving person.

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