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Video: Four Million Suns in a Black Hole over New York

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Dr Lizardo3/20/2024 9:07:44 am PDT
If Donald Trump were “truly unable” to secure an appeal bond in his $464 million business fraud case, he should have pledged his real estate to the courts, the New York attorney general’s office said in a court filing Wednesday.

Instead, Trump claimed it was “impossible” for him to get a bond, but did not provide any hard evidence for this, the AG’s office told a New York appeals court.

“Defendants supply no documentary evidence that demonstrates precisely what real property they offered,” to potential insurers, the AG’s office wrote.

Nor did they report “on what terms that property was offered, or precisely why” bond insurers “were unwilling to accept the assets.”

The office made that argument as it asked the court to reject Trump’s request to stop his massive fraud judgment from coming due.

This is breaking news. Please check back for updates.

cnbc.com

Yeah, no shit…don’t take Donnie’s word for it. But this might be the one time he’s actually telling the truth, as everything points to nearly all of his properties being utterly useless as collateral because they’re heavily mortgaged or being used as collateral for other loans already.

And IIRC, he also has something to the tune of over $400 million in outstanding loans that are all coming due in the not-too-distant future. If those payments aren’t made, I reckon all of his creditors are going to start calling in their loans right then and there and then we’d see a failure cascade across his entire portfolio.