Chillicothe
Platinum Member
- Feb 14, 2021
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In a nearby thread (revived from years ago)...the thread 'Why Trump Should Not Be President', there is post #13 that offers a headline suggesting that Trump won't pay on Monday, March 25th the money he owes for pursuing an appeal of the $450,000,000+ judgement against his corporation, himself, and his two sons.
The headline suggests that instead of paying he'll simply let the State of New York seize Trump Tower.
Personally, I'm not so sure that is the way it would play out.
But, if he refuses to pony up the bond money, what then?
[This could be a useful thread to inform us all on how the machinations of big money, big court judgements, can possibly play out. It'll be a high-stakes chess game, IMO. Most especially, if no financial-angel drops in to fund the surety bond(s). And USMB may have informed contributors here who are familiar with such judgments and are willing to share their insights?]
I welcome other's opinions on how this can play out this upcoming week.
Here is what I could possibly envision:
So, get the cash first. And if that is not enough.....go for the most profitable/easily managed pieces.
Anyway, if I was sitting in the decision-maker's seat......I'd look first at those avenues.
You?
The headline suggests that instead of paying he'll simply let the State of New York seize Trump Tower.
Personally, I'm not so sure that is the way it would play out.
But, if he refuses to pony up the bond money, what then?
[This could be a useful thread to inform us all on how the machinations of big money, big court judgements, can possibly play out. It'll be a high-stakes chess game, IMO. Most especially, if no financial-angel drops in to fund the surety bond(s). And USMB may have informed contributors here who are familiar with such judgments and are willing to share their insights?]
I welcome other's opinions on how this can play out this upcoming week.
Here is what I could possibly envision:
- Trump refuses to pay on Monday. In short, challenging the State to back up the threat to seize assets.
- So, the State begins to seize. But they don't go after iconic 'Trump Tower'...with the public-'splashiness' that would entail. Nor do they go after all assets.
- Instead they go after less well-known properties. But those that are known to be profitable. The more profitable the more likely to be seized. Of course, the details and messiness of managing any real-estate property will be part of the calculus too. After all, who wants to immerse themselves in the weeds of 'Tee-Times' and golf-cart maintenance?
- So then, the State could most likely go after this 'stated' $400,000,000+ in cash (or cash equivalents) that Don Trump revealed he had in a deposition to the State in 2023. THOSE funds would be relatively easily secured.....just order the bank to lock the accounts, and turn the cash over to the State Treasurer or Court, whichever is applicable. Minimum 'hands-on management' of that cash would be required. Most certainly a lot less than seizing an office building with it's tenants, tax-generation burden, and maintenance.
So, get the cash first. And if that is not enough.....go for the most profitable/easily managed pieces.
Anyway, if I was sitting in the decision-maker's seat......I'd look first at those avenues.
You?