“Incomprehensible”: Experts say Trump’s $175 million bond makes no sense

[SeaMajor7]

Only because you don't want it to make FUCKING sense.

^^^^^Says a demented avenger subverted demoralized Stalinist Marxist Leninist zombie ASSHOLE!!!!!!

 

[berg80]

View attachment 929571

One of the ways Trump manipulates the simps is to de-legitimize the intellectuals.

 

[postman]

Yeah, a completely egregious fine for a non-crime with no victims or money lost.....
That MAKES NO FUCKING SENSE!!!!!!!!!!!!!

No different than US Soldiers being charged a higher interest rate by Don Hankey, then the law would allow. But the soldiers didn't know they were being ripped off either.

another complaint against Westlake, alleging that it had failed to provide service members with interest rate benefits they were owed under the law. The company paid $225,000 to settle that matter.

Victims don't always know they're victims.

 

[postman]

It's Democrats using abusing government power to harass a candidate in an election year. That's what it is.

Actually it was Trump ability to stall all these legal cases until he could stall no more.

 

[postman]

Trump strategy was simple.
Stall the cases until the election year.
And then claim they were election interference.

Kinda like a kid in HS stalling his term paper until days before its due, and then complaining he doesn't have enough time to do it.

 

[Smokin' OP]

It's Democrats using abusing government power to harass a candidate in an election year. That's what it is.

Sure..................the democrats?

Biden impeachment inquiry grinds on as GOP digs into ...​

AP News
https://apnews.com › article › biden-impeachment-hunt...
Mar 20, 2024 — The Republican chairman of the House Oversight Committee, James Comer, has signaled an interest in another direction.

 

[SeaMajor7]

No different than US Soldiers being charged a higher interest rate by Don Hankey, then the law would allow. But the soldiers didn't know they were being ripped off either.

another complaint against Westlake, alleging that it had failed to provide service members with interest rate benefits they were owed under the law. The company paid $225,000 to settle that matter.

Victims don't always know they're victims.

 

[The Duke]

Sure..................the democrats?

Biden impeachment inquiry grinds on as GOP digs into ...​

View attachment 929577
AP News
https://apnews.com › article › biden-impeachment-hunt...
Mar 20, 2024 — The Republican chairman of the House Oversight Committee, James Comer, has signaled an interest in another direction.

Well, you know, Biden has taken a lot of bribes, and that's illegal. As is a Senator absconding with classified documents.

 

[shockedcanadian]

The $175M bond definitely does NOT make sense...

 

[San Souci]

Former President Donald Trump’s effort to challenge his massive civil fraud conviction itself appears to rely on deception, The Daily Beast reported Monday.

Last week, Trump posted a $175 million bond to appeal his $454 million fraud conviction in New York — this, after his lawyers claimed he was unable to find anyone willing to guarantee he would actually pay the full amount. In order to post that bond, the former president turned to Knight Speciality Insurance Company, led by billionaire Don Hankey, described by MSNBC legal analyst Lisa Rubin as the “king of subprime car loans.”

But according to former regulators and other legal experts, the bond is highly irregular. Per a legal filing, it amounts to little more than a promise that Trump himself could pay the full cost of the bond if he ultimately loses his appeal, The Daily Beast reported, noting that such an arrangement effectively negates “the whole point of an insurance company guarantee.”

It does not appear that Knight Specialty Insurance Co. could even cover the bond if it wanted: according to a court filing, the company has financial reserves of just $138 million. And while a related corporate entity claims a financial surplus of $1 billion, the court filing does not explicitly state that it would be liable.

“Based on the financial statement provided, Knight Specialty is providing a bond that is one-third of its total assets and greater than its surplus, which is incomprehensible for a carrier to underwrite,” Maria T. Vullo, a law professor at Fordham University who previously served as New York’s top financial regulator, told the publication.
“Incomprehensible”: Experts say Trump’s $175 million bond makes no sense

Donald Trump Forced to Reveal His Finances to Save His Properties

Documents for Donald Trump's $175 million bond in his New York civil fraud case were rejected by a court because a current financial statement was not included.

On Wednesday, a message on the New York State Supreme Court's electronic filing system showed Trump's "Bond/Undertaking" had been "returned for correction."
Donald Trump forced to reveal his finances to save his properties


Who put up Trump's $175 million bond? A subprime car loan billionaire who has run afoul of regulators
Don Hankey made a fortune building a subprime auto loan empire. Along the way, his companies racked up consumer complaints, regulatory fines and were sued by the DOJ.
https://www.nbcnews.com/business/bu...75-million-bond-subprime-car-loans-rcna146232

Westlake and its subsidiary Wilshire Commercial Capital, the DOJ complaint alleged, illegally repossessed at least 70 vehicles owned by military service members protected under the Servicemembers Civil Relief Act. The companies paid $761,000 to settle the allegations. Five years later, the Justice Department returned with another complaint against Westlake, alleging that it had failed to provide service members with interest rate benefits they were owed under the law. The company paid $225,000 to settle that matter.

“Service members make enormous sacrifices, and we have a responsibility to protect their rights and ensure they have full access to important benefits guaranteed under the law,” said Martin Estrada, U.S. Attorney for the Central District of California, at the time of the settlement.
.........................................................................................................................................
Not surprisingly, everything about this bond arrangement stinks. Not the least of which is the company putting up the bond. The guy who owns it being the the kind of slimeball one would think Don would get in financial bed with. Someone who tried to rip off people in the military. Someone who was fined for his illegal debt collection practices.

Grifters gonna grift.

Daily BEAST? Get real. Rather trust the Babylon Bee.

 

[postman]

NY made a mistake by initially accepting this bond.

Actually after the court reduced the bond to $175 million, and gave Trump an additional 10 days. They should have said that was the red line in the sand. That if a valid bond isn't in place by the deadline, then Leticia James gets to start collecting the $454 million while the appeal is waiting on the court calendar.

 

[Smokin' OP]

Well, you know, Biden has taken a lot of bribes, and that's illegal.

Yes, it is.
If only republicans or their witnesses that weren't going to jail, could PROVE it.
If only they would testify to that fact.
So far...............

As is a Senator absconding with classified documents.

Oh' darn.
Which politician gave them back, when asked and without incident?
EVERY ONE..............Except Nixon and TRUMP.

 

[postman]

One of the ways Trump manipulates the simps is to de-legitimize the intellectuals.

And the main-stream media.
And the experts.
And the DOJ
And the FBI
And the intelligence agencies
And the soldiers
And the generals
And the capitol police

 

[Zincwarrior]

Well the DA is already challenging. If it is deficient they will proceed against the Trump assets.

 

[postman]

Yes, it is.
If only republicans or their witnesses that weren't going to jail, could PROVE it.
If only they would testify to that fact.
So far...............

View attachment 929588

It's quite sad that the guy who said that Biden took bribes, was indicted for lying to the FBI about Biden taking bribes.

 

[The Duke]

These mother fuckers need to be HANGED from light posts and made an example of what happens when you ignore the Constitution of the United States!!!!!!

Yes, but let's hope it doesn't come to that.

 

[postman]

These mother fuckers need to be HANGED from light posts and made an example of what happens when you ignore the Constitution of the United States!!!!!!

Yes, but let's hope it doesn't come to that.

Had we only done that at the conclusion of the Civil War, we wouldn't have half the trouble we have today.

 

[postman]

Well, you know, Biden has taken a lot of bribes, and that's illegal. As is a Senator absconding with classified documents.

The problem is Biden didn't purposefully keep any of the documents. Just like Mike Pence didn't purposefully keep any of the classified documents he had after he left office.

 

[AntonToo]

Well, you know, Biden has taken a lot of bribes, and that's illegal. As is a Senator absconding with classified documents.

Yes dupe, taking bribes IS illegal, so where are the criminal refferals from Republicans and indictments?

You know what crime Biden's impeachment effort out lined? No crime, none at all. No bribe, no influence peddling, no tax evasion. NADA.

 

[The Duke]

The problem is Biden didn't purposefully keep any of the documents. Just like Mike Pence didn't purposefully keep any of the classified documents he had after he left office.

Oh, but the Bad Orange Man couldn't have possibly done the same exact thing, huh?