Friday, March 15, 2024

Farron Cousins: 'Donald Trump Has No Idea How To Pay Fraud Trial Bond And He's Almost Out Of Time'

Source:Farron Cousins with a look at Donald J. Trump'
s lack of financial assets.

"Donald Trump is running it down to the wire on paying the massive bond for his New York fraud trial judgement, and even Alina Habba says she has no idea if he has the money to pay it. The clock is about to run out, and Trump doesn't appear to be any closer to finding a way to pay the bond than he was the day the verdict was handed down. And this time he won't be able to get his buddies to bail him out like he did in order to pay the bond for the defamation lawsuit verdict. Farron Cousins explains what's happening." 


Without the Fan Willis story that seems to be getting the covered the the rest of the world (except for The New Democrat) today, this really is a slow news Friday. So if some of this information sounds repetitive, that is why. 

I think the basic point here is that Donald Trump won't be able to get a 500 some odd bond from a New York bank. Or any wealthy billionaire in New York. Unless he puts up a helluva lot of collateral to cover that bond. And that means Trump Tower would just be a start of that collateral. Why? Because Donald Trump doesn't have the money, even if include his business assets, to go along with his financial net worth. 

And, because DJT is going to lose his appeal next year. The case against him is overwhelming. He might be able to get the penalty reduced. But a year from now, he's going to be out of at least 500-600 million dollars that he doesn't have and that includes the E. Jean Carroll case that he's going to lose on appeal as well, for the same reasons as the New York State fraud judgement against him. 

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  1. You can also see this post on WordPress:https://thenewdemocrat1975.com/2024/03/15/farron-cousins-donald-trump-has-no-idea-how-to-pay-fraud-trial-bond-and-hes-almost-out-of-time/

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John F. Kennedy Liberal Democrat

John F. Kennedy Liberal Democrat
Source: U.S. Senator John F. Kennedy in 1960