995
this post was submitted on 26 Jan 2024
995 points (98.6% liked)
politics
19103 readers
4843 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
People in this thread saying he's not going to pay. How can he just not pay if it's a court order? Genuinely curious how that works. (Assuming the appeal is denied or whatever the final number he owes is).
Someone can probably give a better answer, but it starts by him not paying.
He will appeal the result and that could easily take another year or so, during which time he doesn't pay.
Then he will just not pay, that will take some time since you can't complain to the courts that he didn't pay after 1 day, it probably takes at least 90 days, but realistically probably closer to 120 or 150 days so that he is REALLY overdue.
Then he is given a grace period to respond, that's another 30 to 60 days. He'll just say that he can't. That goes back and forth for a while, at least 6 months total.
Eventually the courts might put some sort of lien on Trump's income except he doesn't make money the traditional way, so it won't pay out. That takes another 6 months or so.
Then maybe they start going after assets. Assets aren't just free, so that takes even more time.
Also during all of this Trump moves assets around. He isn't allowed to, but he's already not allowed to and he has.
At some point in this process an agreement for a settlement is brought up. Trump will offer pennies on the dollar, which no one will accept. Trump will use this to bide even more time.
It's neverending legal maneuvering. Just bullshit on bullshit on bullshit. Eventually someone gives up or dies. It takes tens of tens of years. At any point Trump can just start to pay a little bit of it, then stop after a few months and the process starts again.
BTW if you don't pay your bills the full fury comes down on you. No baby gloves.
To appeal he will have to put the amount ik escrow. Which negates a few of the statements you've made. Though completely agree that Trump usually goes for delay, delay, delay.
In order to file an appeal, he has to pay immediately. The money doesn't go to Carroll, it goes into an escrow account until she wins the appeal. But either way, Trump is out $83 million. No pay = no appeal.
If he doesn't appeal and doesn't pay, then in 30 days Carroll's lawyers will have access to his bank accounts and properties. At that point it won't matter if he writes a check, they can simply take what they are entitled to directly from his bank. If there isn't enough in his account, they can start an auction for his properties. The only thing Trump could do would be to declare bankruptcy, and this would only slow down the process not stop it.
Trump can get away with not paying his contractors, but he can't get away with not paying a court judgment. Of note, back when he owed Carroll $5 million, he paid on time.
Depends.
He could get a bond to secure the appeal of he can find a bank who will lend to him. Which might be easier, with what looks like the impending sale of his New York properties
Yes, he could get a bond. But these bonds are generally 100% collateralized, because the bank is unlikely to get their money back. So that just means his property will be under lien during the appeal and auctioned off if he loses.
Generally. Trump has an uncanny ability to secure bank loans though. And, if New York requires him to sell his properties in the fraud case it wouldn't surprise me if he was able to leverage the impending sale to secure the bond and then pull, well, a trump.
Remember, the rules you and I play by are not in effect here.
Well, he was able to secure loans back before it was revealed that he misrepresented the value of his assets. Now, perhaps it won't be so easy.
We can hope.
Not after 2020 anymore because:
I am sure Deutsche Bank is not going to give him another Cent and any other bank will go and count stairs, because he is lying about everything, even about how many floors his buildings have. The times it was easy for him are over.
On top of the 83 million he has a huge amount to pay to his lawyers and since he is not accepting the outcome of the trial and he has another 14 or so going on... and taking money out of his election funds is now also harder to do and getting elected is more expensive because Koch is helping his opponent and Koch has a truly endless warchest.
Every financial transaction he does is under a looking glas now, no more face value and trust, he is seen as the financial sector should have seen him in the past: A naked "king" that pretends to wear nice clothes.
On the assets, he probably also has them set up such that he doesn't "own" them.
You can also be judgement proof informally.
You and I are likely judgement proof in this sort of situation - we can't actually afford it. We're not rapist pieces of shit as well.