Trump's Liquidity Problem for His Massive Bond
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- Опубліковано 26 бер 2024
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No lol But the off brand twitter stock scam might get him there
My parents said if I hit 20k they'd buy me a professional camera begging you guys literally begging!!
.
Yes, he just can't be bothered to spend the money on it. Maybe not in cash, but he definitely has it in assets- He said it himself, after all!
He just doesn't know when to stop talking 😂
I'll believe it when I see it.
I wonder if any US citizen can get a 70% reduction of his bond in a fraud case. This continuation of helping the rich against justice is greatly eroding the credibility of our justice system.
Except he didn't commit fraud
@@brainstewXHe definitely did commit fraud many, many times. Get your facts straight before talking out your ass
@@brainstewX Tell Trump to try using that line and see how it works in appeals (assuming he actually pays).
@@brainstewXhe certainly committed more fraud than you have committed rational thought
They should. Class action suit anyone?
"Hey, where's that $500 million in cash that you claimed to have?"
"Here's the account."
"That only holds $5 million."
"I valued it at $500 million."
👏👏👏😎✌🖖
Well it’s his money. And the brand makes it 100x more valuable. I’m sure you can find a MAGAt to buy a dollar from Trump for $100, right?
@@tims4502He literally sold fake money and it worked lmao.
@@tims4502 He should be selling Funbucks with his face on them. They'll buy them.
Very 1% problem. I’ve never open my bank account and “only” had a 5mil balance. That would be amazing.
Immediately bragging on social media that you had your attorneys lie in court is a bold strategy. Let's see how it works out for im
He bragged that he had the cash. But on twitter you're not under oath and it's not a statement towards the court. There's no reason to immediately assume that he is telling the truth. Therefore it doesn't have to be lying to the court
@@thijndeveer2592 when was this again? I’m sure the only time he bragged about a specific amount of money was almost exactly a year ago… you know before he got hit by 91 cases… that costs money XD
@@dr.random1793 we are referring to the tweet shown at 8:34 in the video. Which is a tweet from March 22nd of 2024, so that's pretty recently imo.
Can't imagine why a guy who lost a court case about over-inflating his property values to get loans is finding companies unwilling to accept his real estate as security for a bond in the appeal. Seems so unfair of them to not accept his valuations are worth a damn.
So tired of the court system giving this guy one more chance. No normal person would get this type of treatment and no one would get as many free passes….
No one else has ever been charged with this BS.
You should test this theory and go grab some loans based on collateral you don't have and then default on some of those. Let me know how it goes for ya
@@brainstewX I don't really see how the charges are BS.
@@MilesL.auto-train4013 also it clearly means we need to be charging more people with it too.
@@brainstewX Fraud? No one has ever been charged with fraud? Unique take, I'll give you that.
He got his "empire" fraudulently, so now he gets to lose it honestly. Why is this such a nightmare to the "party of personal responsibility"? The punishment has never fit the crime so perfectly.
Why do the banks enjoy doing Business with him why aren't they complaining why were paid back in full
Yes, I would love for someone to add up all of the money he has lost by adding up all of his other bankruptcies along with his new debts.
the "party of personal responsibility" is the party that wants no taxes on inheritance, no taxes on stock gains and workers to pay all the taxes... and the dem party is secretly ok with it. And when the economy goes down, both parties agree to have all the losses be concentrated as possible on currency inflation as a way to save the wealth of the rich, which they all are as politics is the domain of the princeling families.
@@osmosisjones4912That would assume that they knew he was lying.
@@ericvulgate7091
Your lack of understanding of our constitution shows in the last part of your comment. Or your just a troll.
I've heard a lot of advertisements in my time, but "Now, if you've defrauded the state of New York, you'll need a good laywer" is just absolutely brilliant :D
***Security Clearance: As a man who could hold the highest security clearance, I don't understand how he could hold a security clearance with debt. Normal citizens are refused clearances because of significant debt. This is an enormous debt, and he could easily be manipulated because of it.
It is debt relative to your income and assets, actual amount of debt dosen't matter.
Article 2 of the US Constitution is what defines who can run, and as a republic, we elect Presidents with a national election where things like your debt level comes out. No other law about security clearance restrictuons can stop an elected president from access to any information because the Constitution does not allow those restrictions.
@@libtrs838 Yes, that makes sense. He could liquidate all of his assets. He just doesn't want to. I guess my question: What happens if someone pays it for him. e.g., Elon. Ostensibly, he would be beholden to him.
@@christopherchilds6124 Yes, these things are public knowledge. But, anyone can pay this debt for him. As an extreme example, the mafia could pay this for him. Would he then be beholden to them? publically, no...but what about privately?
@@libtrs838well his income and net assets are damn near zero. Does pandering for donations count as income?
It boggles the mind that so many people in the country believe this dude is both good at running businesses or will help working class economically when there’s mountains of evidence proving the contrary. Its like saying Madoff would be good for the economy
They just say that to trigger the libs.
Ah the other Bernie lmao I remember Robin Williams saying the obvious, and I paraphrase, "The man's name is Made Off! If that doesn't get you thinking idk what will." 😅
Well, most of his followers are more motivated by malice than self-interest. I find it humorous that old retirees living off social security worship the man, even though he has threatened to gut social security and put them all out on the street. They'd be happy starving as long as he sticks it to the libs.
But what if Madoff hated all the same people you did and promised "retribution?"
It's easier to join a mob of hate, than to try and do good... or change yourself.
Those people already made their choice a long time ago. They chose ignorance. They don't want to learn. They'd rather live in fear and hate, because it's easier and familiar. Like a messed up form of "nostalgia." It's the same people who think all homosexuals are automatically out to assault everyone, or that all Muslims are terrorists, or if you live in a low-economy neighborhood you must be a thief/druggie/gang member.
The worst part is, I'm really not exaggerating. Born and raised in TX, and it's 2024. Everything is out there if you want to learn, and many just choose not to. I see it all the time... and they don't all live out in the country, either.
That's not the question on my mind, the question on my mind is;
How? How does Trump escape accountability every single time? All I can say is, Good Luck to Ms Carroll and the State of New York in receiving any penny of those judgments. He is about to attempt to do what he's done his entire adult life, appeal a ruling, then tie it up in litigation waiting for an appeals court to take up something besides his appeals to motions against him in the case. Appeal & Delay. Fight to get any motions in the case overturned, but postpone the appealing of the judgment of the case indefinitely. The man is a deceiver above and beyond all other deceivers.
honestly? Most of it is probably luck
Most of it is by design. Our legal system is meant to throw away the keys for the pores and let the rich off Godfree. It doesn’t matter they’re crimes.
For the Carrol case, the money is already guarantied. The bond holder is responsible to pay out if she wins appeal, for whatever amount it remains after it.
The answer can generally be boiled down to "he has a lot of money"
No he has not so much money,he has no shame and he is a thief and a liar.
People believe that he has money because he says so all the time,i am rich,i am a billionaire, rich people trying to hide the wealth to be anonymous, he did the opposite 😂. But he was a politician,he did a lot of favours and he is presidential candidate,he appointed many judges and he has an army of idiots to supporting him and donate their money,so yeah he is above us for now!!!!
I swear, if that man was only forced to pay a single dollar, he would first complain online about it being robbery, then try to renegotiate the deal until it is the same dollar but on his terms, and then order Eric, Don Jr., Ivanka, and Jared to each give him a quarter to pay it off.
10:35 - "Now, if you've defrauded the state of New York, you'll need a good lawyer."
Are you ENTIRELY sure about that? Because Trump's been represented by Alina Habba, lost his cases and still ended up with insanely favourable treatment that no one else have ever gotten.
So .. if you've defrauded the state of New York, you don't need a good lawyer. You just need a corrupt judicial system. If you can't have that - THEN you need a good lawyer.
"You don't need a criminal lawyer. You need a criminal lawyer."
-Jesse Pinkman
I fully expect that Trump will lose the E. Jean Carroll appeal, Chubb will be forced to pay, and then Trump will refuse to pay Chubb. Because that's what he does.
He's the One accused and he's sued for defamation for denying it
Didn't he put the amount owed to her up in order to appeal? If so its hers when he loses once again.
I would expect Chub have the assets in escrow, rather than relying on Trump to hand it over.
Did you not watch the video? The bond is fully collateralized so if Trump doesn't pay, Chubb will just liquidate the collateral account.
Correct.
Escrow is how that's done.
I still don't understand why the amount was lowered when he couldn't pay up. He keeps claiming he's got the money, if he doesn't, apply penalties in full?! They keep saying thingswhich then turn out to be lies, how is that allowed?
Why is the US legal system seemingly incapable of handling this trash fire?
Because they don't want to. Trump represents everything the upper crust is without their pretenses of class and reason. Trump facing consequences means their own facing consequences, and why hold their own to account when the poor exist?
The fine is still $400+ mil. The 175 was just amount needed in bond to stay off assests being seized while appeals are heard.
There are literally hundreds of politicians and thousands of judges that do exactly what this seditionist is doing in court. Our legal system is designed to benefit the upper crust not hold them accountable.
@@North_West1while that is true, it’s ludicrous. Someone with this big a scheme of fraud should have assets taken as a matter of consequence.
@North_West1 True, the only issue is that New York state law states that an appeal requires a bond of 110% of the verdict amount to stay judgement and in this case Trump is getting let off with a meager 40% of the verdict.
In general this gives people the impression that the appellate court is just going to let him off the hook seeing as his lawyer was actually lying about him being unable to raise the required funds meaning Trump had the means to raise the required 110% but now has to only pay 40%.
The one thing I’ve learned since Trump took office? Our justice system is a total joke.
We're not laughing but the rich are.
The US doesn't have a "justice" system it has a "legal" system.
To be honest it probably was a little funny already before that..
@@TimoRutanen Yeah, the (to be charitable with our words) imbalanced system was always there, it's just that Trump is so goddman blatant that it's impossible to hide it behind "case by case basis" or "that was just a biased judge".
When the SCOTUS is completely illegit, completely aligned against the interests of the vast majority of Americans, it's no surprise, but, yeah, it's infuriating.
Wait, someone might have to sell off a bunch of their stuff to afford paying for a fine??? How dare we inflict that on them, surely that's just unfair and
Anyone else remember when you owed the state money and they reduced it by 60% because you asked? No? Me neither
Anecdotally, this does seem to be not uncommon for tax settlements.
He has to pay the full amount. The bond was reduced. That means he wont be forced to sell property if he can pay the smaller bond until appeals are over.
Happens all the time to me, and then I wake up.
I remember 34 criminal counts, and a perpetual liar misinforming his very gullible base.
Folks, diamondthree can be safely ignored. They seem to think fraud charges that have been proven in a court of law is the same thing as political persecution.
They may also be sad that their favorite fraudster and sexual assaulter *also proven in court!* is being held accountable under the law.
If a billionaire can't pay a bond, they're not a billionaire.
Well, he's asset rich (real estate) but cash poor. Lots of 'real estate people' are that way. So yeah, a person can be 'rich' and still not have liquid cash. But that's enough to make Trump's empire go down in flames, I'm all for it.
I still chuckle at the fact that he went to _every bond place he could find_ and literally none of them would humor him, at all.
I don't agree with you there. It makes no sense to have 100s of millions stuck in your bank accounts, it makes you no money and you risk losing it if something happens to the bank.
He owns a bunch of expensive real estate, that doesn't sell fast, especially when you just got outed for misrepresenting property values.
You can definitely be a billionaire without having any cash on hand.
Billionaires do not keep actual cash in something like a checking or savings account because the FDIC only insures accounts to $250,000 per account per bank and if you have billions you can only spread it around to so many banks until you run out of options.
Most wealthy people who have large amounts of liquid assets, and who wants to keep them safe and liquid, will engage the cash management part of a big bank, much like a company does, that invests in low yield high quality liquid fixed income instruments like t-bills and other government instruments, CD's, repo's, high quality liquid paper and other "no lose" instruments. They can be converted to cash nearly instantly or at worst T+3 but if someone wanted to write a hundred million dollar check they could in theory.
Most ultra wealthy people have their money locked up in whatever made them or their progenitors wealthy in the first place. Their money is in a privately held business or in publicly traded stock that they can't liquidate without screwing the stock price up or are held to black out periods. Or it's in illiquid assets like real estate or things like private equity or venture capital funds.
However, when you hit a certain level of wealth your banker isn't the teller or branch manager at BofA anymore. You get into the private banking division and they'll open up lines of credit against your assets that you can spend on just about anything that's legal. They'll give you $20 million dollar mortgages if you have the assets to back it up. Sure, they'll underwrite the asset but if you're worth billions they'll overlook it (if your billions aren't in an overvalued pre-IPO startup).
So no, wealthy people don't have much in cash but they can readily access it. I don't know Zuckerberg's personal financial situation much at all but I don't think he's sold much stock other than putting it in trusts or donating it. He also doesn't take much of a salary relatively but he's worth almost $80 billion. He probably can't write much of a check, relatively, against his actual cash but he probably has tens of billions in lines of credit available if he wants.
@@SVD_NLNot exactly. Having real estate worth billions yet no cash on hand means you kinda broke.
Ill just tell the judge then that its "irreparable justice" when the government ceases my home for foreclosure.
Oh wait...
Trump: **lies about his property valuation for decades** why will nobody accept my real estate property as collateral for my real estate fraud case?
It really annoys me that judges have to keep throwing him a lifeline. Let him sink or swim on his own.
Those very judges are as crooked as Trump.
He certainly doesn't seem able to lift himself by his own proverbial bootstraps.
I wonder why the guy who got to stack the SCOTUS is getting a slap on the wrist. I wonder why Barre Seid donated 1.6 billion to the campaigner for those justices, Leonard Leo...
bah must be just a coincidence, better go back to chanting "4 more years" for the guy who refuses to do anything besides hand bombs to King Bibi
I can already imagine the cries about the court "being unnecessarily harsh as a form of political persecution because he is running for president"
@@HellDuke-The fact that he has already convinced people that they are is either a point for or against that argument. If they were going to complain either way, then why not? vs If they already believe it after being thrown lifeline after lifeline, then don't give them any more.
The guy who got convicted for misrepresenting the value of his properties now has issues raising money off his properties.
Funny that…
The guy who got convicted for misrepresenting the value of his properties gets a bond reduction by telling the judge he doesn't have the money, while at the same time tweeting that he has the money. It's almost as if he is repeating the kind of fraud he was found guilty of. And the court of Appeals falls for it, and doesn't give any reason for this reduction.
@@lolilollolilol7773 I always have trouble determining if the people who decide these things are painfully optimistic, just plain stupid, or just maliciously complicit it willful acts of crime. Like please explain the logic in stupid people speak so people like me can understand. Dumb it down for me if you will.
@@lolilollolilol7773 I would laugh if he was brought back into court over this statement and they change their minds and tell him to pay the full amount again.
@@urazz7739 That statement was already out and viewable had the appeals court felt the need to look at it. I genuinely don't think they care about his postings because they just see it as him trying to save face - which is ridiculous because part of the whole reason he committed the fraud in this case was wanting to showboat and be known as a billionaire.
You owe weasels, literal and metaphorical, an apology for saying he weasels out of trouble. Weasels have a better sense of morality.
I agree.
If he can't pay up, maybe he could repay justice in other ways.
Like, y'know.
_Jail._
Who am I kidding, rich people don't go to jail.
During the appeals, can the State bring up Trump's inability to secure a bond as evidence that the fraud charges were true? I.e. Trump said MAL was worth 2 billion, banks love to loan him money because he always pays, every bank is lining up to loan him money, he has half a billion in cash, etc. Doesn't all the State have to say is "if any of that was true, Trump should have had zero problems posting a bond"?
"Doesn't all the State have to say is "if any of that was true, Trump should have had zero problems posting a bond"?"
No. I don't think that's an argument The State can make in Court; and if it could, the State still would need to prove that no unrelated event impacted Trump's finances (the same reason why stockholders can't usually sue a company just for its stock's value crashing).
I don't think they can really use that as from my understanding (I am not a lawyer), an appeal only looks at what was covered in the original trial. The fact that he could not raise the bond certainly does not help him, but I doubt that the state would use it against him because the evidence that they need to defend is the evidence that was originally presented at the trial. One exception will be the fact that Trump's former chief financial officer Allen Weisselberg plead guilty to perjury for comments he made during the original trial. I am sure that will be brought up and it will hurt Trump
They probably can't use that specifically, given the number of confounding factors, but they might be able to do something with all his contradictory claims about whether or not he has the money to pay, depending on who he's talking to; seems like pretty clear evidence of a pattern of behavior rather than simple clerical errors.
@@SparkSovereign US appeals are all about legal technicalities, facts don't matter .
They probably don't *care* -- as Devon / Mr. Eagle said, the court of appeals will likely defer in questions of fact to the lower court. The main questions reviewed will be questions of law.
So, the fact that he lied is *likely* not gonna be questioned intensly. What *is* going to be discussed on appeal is how much he should pay for it.
I hope that makes sense!
A comment I've heard attributed to The Donald: "If you owe $100, that's your problem. If you owe $100 million, that's the bank's problem." Actually Donald, it seems like it is, in fact, your problem.
That is also incorrectly attributed; that quote comes from J. Paul Getty.
Edit: I'm not saying you're wrong about the facts though.
That line is from J. Paul Getty (who was an american industrialist in the post WWII era)
It's only his problem when he actually experiences consequences.
So far that doesn't appear to be the case.
That quote is only accurate if you owe _the bank_ that money. If you owe _the court_ that money, it's still your problem no matter the amount.
Trump doesn't owe the bank anything.
So Bond companies won’t accept property in collateral for a penalty incurred for over inflating the values of those exact properties…. Hmmm can’t think why!
Devin, I love your delivery! Unlike most fast-talkin' lawyers, you have good enunciation and diction. I really like the speed, the precision and clarity and your clear, concise layout of the facts of the case. I bet you are really good in court.
I'm sick of the Two Tier Justice system. Rich people get justice, the poor get shafted
Rich people get off, poor people get shafted.
@@Andreamom001 🤣 We must be rich by all means.
@@Andreamom001 I feel bad for knowing that the wording for that can have a different meaning
@@Andreamom001Poor people get shafted, rich people get off.
Rich people get off on poor people getting shafted
@@JargonMadjin
When one is accused of fraud over your real estate values, I can see bond companies being unwilling to accept property as collateral.
We've gone past "accused".
@rogerthat4545 Agreed. The failed former president has already been convicted of fraud. It's well past overdue that he literally pays up for once.
@@rogerthat4545 Also true.
Because properties valued by him at 150 million are only worth 14 million.
One would think in the course of determining fraud and determining penalty that non-Trumpian valuations of the properties have been calculated. I don't think the value is the problem, it's the mortgages.
Well, it's the $175 plus the Carrol case, plus the upcoming Georgia case, plus the upcoming Daniels case.
At some point the bondsmen are going to be looking at one another, wondering who is going to get paid first....or perhaps last and how much it's going to cost *them* to pursue a legal attempt to collect their pay from the guy who wants to make himself immune to the law, forever.
Maybe they're waiting for him to die so they can fight it out with his estate. Homie's old, hated, and not fighting either of those facts effectively so it won't be long.
It’s interesting that Trump stated that he had no intent to ever pay the fine despite having the money. Seems that the first part is certainly coming true…
Well he certainly can’t get Mexico to pay for.
Top tier comment 😂😂😂
Oof! That's been so long ago that it took me a moment to get the reference; but if he is elected president again, then maybe he could.
@KateBee123 Big oof. Hyper cringe. Extra weird. PhD in clownomics.
He couldn't get Mexico to pay for a border wall so how could he get the country to bail him out for committing fraud in another country?
A comment so fire that Don would end up with an actual tan
Isn’t this the same guy saying bad things should happen to countries that are in debt? Something about not helping those who don’t pay their bills, or something along those lines?
Rules for thee, but not for me.
I like how happy and glamorous E. Jean Carroll looks in recent photos.
4:19 "... while protecting the court against frivolous appeals or bad faith delays"
Hmmmm ...
Regarding appealing the Carol cases to the SCOTUS: "extremely unlikely" automatically becomes "highly likely" whenever it has to do with Trump and trying to weasel out of responsibility... especially when it comes to his SCOTUS judges.
He's the one accused and he's sued for defamation for denying it 😢
@@osmosisjones4912 Because he did it
@@UserOfTheName how do you know it why did any staff hear any banging and moaning from that changing room
@@osmosisjones4912 If he didn't do it then why would he lie about meeting her?
It would bring me such joy if Conald is unable to come up with even this ridiculously lowered amount.
Unfortunately he just sold Truth Social for like 3 billion
@@djchaiwallah I won't be able to access any money he makes from the merger for at least 6 months, supposedly.
Look at this. This guy is able to undermine your entire nation without even being able to make complete sentences and you would be oh so happy if the hundredth attempt would perhaps show a modicum of oppertunity to... fail to put him in jail before he becomes president again?
America is such a clusterfuck, there are no words for it any more.
@@ruben9912 Any sign of improvement is still a sign of improvement, and this is exactly why you don't allow large scale religious control over your country, generations of people taught not to critically think by conmen that took advantage of their faith.
@@ruben9912 i think you missed the point there bud, or you're being willingly ignorant, try again
Begged the judge to lower my traffic ticket fines, he did. Then as I am walking out of the courtroom I say lol " I really have the money" but I want to go on vacation so I won't give you the money but I do have it. Sounds silly doesn't it. Now multiply that up to 500 million. Proof that there are 2 justice systems.
A spammer copied your comment to sell her body.
Your suit is incredible. Give us the content we're after Eagle, a closet dive.
17:50 I'm glad our potential president, who isn't allowed to hold any financial position in New York, hasn't received anything from any foreign nations
🤣
Lmao
Trumps clear preferential treatment is the equivalent of me getting a speeding ticket, going to my cities courthouse to argue I don’t have the money to pay the bill while footage of me winning the lottery plays on the tv in the background, and still getting a reduced total.
It must pay to be a rich person backed up by a government bought and payed for the hedge funds and oil fracking companies.
No, the proper analogy is footage of me CLAIMING that I won the lottery when I am such a notorious liar that the lottery I supposedly won probably doesn't even exist.
@@lilymarinovic1644 It's the biggest lottery, and the best! YOOJ!!!
17:13 "Iconic properties such as 40 Wall Street"?? I was shown a condo unit in that building once. It was an irregular, shoehorned, forsaken corner of a place.
Going against his own lawyer’s sworn court statements? Honestly, It’s like this guy wants to get busted!!!!!
Shame that "not a good look" means absolutely nothing for him. He and his lawyers are already at the bottom of the barrel, so unless a court actually acts on them lying in court, it makes no difference whatsoever.
Actually it does. He is driven by getting applause, and by his ego. It not being a good look reduces both of these.
@@ASocialistTransGirl Nah, at this point it doesn't matter. Anyone who was going to support him at this stage will not be swayed by what happens in a legal court, because they've already ignored the court of public opinion. And the reverse: he won't be gaining new supporters because anyone wise to him has been for a while now, and this is nothing new to that side of the coin.
@@LeScratch89 52% of americans say they wont vote for him if he goes to prison but okay
@@ASocialistTransGirl If.
@@shadowldrago The point is that there’s a very feasible thing that could happen in a legal court that WOULD sway a lot of trump voters.
When I was a kid, a guy in my town was literally sentenced 25 to life for stealing a slice of pizza. You steal millions and the state accommodates and forgives…
‘steal alittle & they throw you in jail, steal alot & then they make you kiiiing!’ -dylan
O bullcrap he got 25 years for stealing pizza
@@geraldhgiles I mean, if your method of stealing the pizza is emptying a magazine into the building...
Capitalism is based on one's ability to game the system. that's why rich people love it, struggling people dispise it.
@@NT_98YUyou got a perfect economic and social system for a country? Didn’t think so.
There's something I just can't understand.
How can Trump owe 1.7 Billion and live his completely normal life. But the moment I'd go into red with my account, the bank would swoop in, take what they can and liquify it.
Many, MANY people have lost their livelihood for a tiny fraction of Trumps debts. It's just messed up.
There's a different system for the "rich".
Well, if you owe the bank $10,000, you're in serious trouble... If you owe the bank $1 billion, the bank's in trouble.
Devin, you (and your team who no doubt help research these videos) are a shining beacon of sanity and truth in today's world, and I hope your arguments here will reach at least some of the less rabid Trump supporters, turning them towards actual reality rather than the manufactured reality their side has been promoting for years -- and not just hearten those of us who are already well aware of all his many lies and misdeeds. Keep up the good work -- you are appreciated!
We have historical cases with bonds of over $1B. Why is Trump the only one getting the bond reduction treatment?
Few people want to spend the additional lawyer fees to ask
The video explains why. Trump couldn't pay the full amount without selling key assets, so they would take irrecoverable losses if forced to do so. That would be unjust if he were to win his appeal. (Don't worry, he will lose. But even Trump gets the full protection of the law.) The fact that Trump's ego couldn't handle that admission so he lied on "Truth" Social about having the cash is problematic but doesn't undo the decision or the reality he couldn't pay. I'm actually glad the New York legal system gives him the same options as other defendants to try to win the case. It makes it clear this is not, in fact, a political prosecution.
Because our justice system is a joke and gives rich people special treatment.
Because it will be hilarious when he still cannot pay. 😂
@@agsystems8220 Who knows... Perhaps the government may even offer him a payment plan. With all happening, I do not doubt anything anymore. Disgusting!
Either they're lying, or every real asset he has is already tied up in a complex web of special tax statuses and loans.
Either way, he deserves whatever happens next.
How weird that nobody will accept property as collateral...
...when one of the cases concluded he committed fraud in lying about the value of said properties...?
So, what's the over/under on this decision not being available to anyone else facing similar circumstances? My guess is that if anyone else were to cite this decision to get their bond amount reduced by 2/3rd is the same judges laughing their asses off and rejecting it.
Also, really love how we keep doing ‘legal analysis’ when obviously the law doesn’t really matter. Last few years have been pretty eye opening….
You're gonna need to explain what you mean by "the law doesn't matter"
oh the law does matter for the poor and low middle class
@@Waldohasaskit210 you know EXACTLY what they mean.
@@hugh_jassoyea I’m gonna go ahead and assume the dude is saying legal analysis doesn’t matter because he believes Biden and the judges and the lawyers are all in a big conspiracy to take down Donald despite all the evidence in those cases and the times trump has FAILED IN COURT to prove ANY of his own points
@@Waldohasaskit210Trump would be in pretrial confinement by now if the laws that apply to everyone else were applied to him.
Everyday i think I'm drowning in unpayable debts (like 10k, gotta love student loans), then i hear about Trump and i feel better about myself
Difference is you actually have to pay yours. He won't.
Just run fo president.
Man, I love listening your videos while I’m working. It solidifies my choice to _never_ be a lawyer.
This video helped me understand collections, judgments, and appeals in civil procedure…which is great bc my final is in a few weeks! Thanks, Legal Eagle!!
Anyone trying to spin his bond reduction into a win is high on their own supply of cope.
He made more money the same day in a different win
@@osmosisjones4912 Clearly you have no understanding of how stocks and securities work, but sure enjoy that cope as well.
People have tried to tell me Dolt 45s FINE was reduced. I'm no lawyer, but I watch lawyers on YT, and I can use a dictionary. Lowering the bond has no effect on the judgment. ✌🖖
@@dirtydish6642 do you . The fact your democrat disprove basic understanding ecomics. It's kinds basic platform of democrat party. Please explain why Truth Social stocks going up didn't make him more money. Seriously I'm so emotional damaged 😰at this news I can't stop crying😭 I'm about have stroke🤯 and a project😭 about projection 😿
@@osmosisjones4912 Could you retype that in English so it makes sense?
Half the time the two-bit scammer just transposes cash and real estate, he uses them interchangeably..."Ohhh, we've got lots of everything, ohhhh yes billions in cash, cash everywhere, property everywhere..."
We're supposed to believe he's got 10 billion dollars laying around when he couldn't even pay the E.Jean Carroll amount and had to get a loan for that?
Thank you and appreciation for getting truth out into our overdriven social media space.
Everytime Devon mentions investigating bank accounts, all I can think of Brooklyn Nine Nine where Andy Samberg's Character yells out " Ask him about his back account! Ask him about his bank account!"
My grandma got an email asking people for $1-10 each to help pay his fines of the $500 million when i was there last weekend. She said they were asking 10 million people or something according to the email. I asked her if he didn't flrx being so rich and that's why he expected people to love him? She said yeah she thought she would keep her $1. I'm pretty sure she would have even if i hadn't said anything and that's why she even brought it up to me. But she did say it's not a bad fundraising strategy, but she's still keeping her $1😂
It's not supposed to be particularly easy to pay. His root problem is not showing remorse at trials, so the judgements have to be larger to discourage repeat crimes.
16:58 irrecoverable missread as irrevocable. Great video LegalEagle, I enjoy the detailed and structured coverage
17:57
-It depends-
"No.
Just 'No'"
Well that's what he gets for being a career criminal for 30+ years. Womp womp
Capitalism is based on one's ability to game the system. We like it or not, rich people will always win, Trump is just a tip of the iceberg. Apple pays less tax than it should Elon move assets like chess pawns. rich will become richer, poor becomes more broke.
Why did the court reduce it? Is he getting special treatment or would the court reduce a bond for anyone in that situation? That's the question I can't get an answer to.
Because the hole fine was illegal no basis no victims and the money isn't going to the bankers
In another legal channel they said this reduction is unprecedented. So yes.. he's getting special treatment.
@@yasniellopez9690 And needing to pay a $5,000 bond in 2 weeks has put people on the street homeless, cost them their jobs, and ruined their lives. Their bonds were not reduced. It happens every day.
I was on a jury for a young man who had been in county jail for 11 months. He was *obviously* innocent. We found him innocent in 20 minutes. Afterwards, the defense attorney talked to us and said the prosecutor's office knew he was innocent too and had sent a junior prosecutor so the loss wouldn't go on a senior prosecutor's record.
They could have reduced the bond. Heck, they could have dismissed the case instead of trying to railroad someone they knew was innocent. They could have saved the court costs and they could have used our jury for a real case.
If the last four years have shown us anything, it's that we have two justice systems in this nation. The top gets "easy" mode.
@@yasniellopez9690trump is a self claimed billionaire or whatever.
This is the consequences of his financial actions.
@@yasniellopez9690 i mean if you steal half a billion dollars, and you're fined half a billion dollars equal to what you took, you should be able to pay that money back.
Why is any of this different from how a poor person, who, let's say, gets arrested and can't make bail and loses their job and loses their home and loses their car and can't get any of that back if the charges get dropped?
Oh right, the poor thing. Their suffering doesn't matter because the poor aren't people! Not according to the rich, anyways.
Nothing says someone is above the law like allowing them to be the first and only person to ever get a reduction in what they have to pay in order to appeal. It is so disgusting the special treatment this criminal is getting
No one else would ever be charged with this BS
Many other people literally have been charged for this. It's a crime.
But that's kinda irrelevant, as trump wasn't charged for this either. This was a civil suit. He was sued. And many others have been sued for this too.
No matter how we look at it, you're still wrong, and still lying. So, why lie? @@brainstewX
@@brainstewX 😂😂🤣🤣 no one has been sued for tax fraud and insurance fraud??? 🤔😵💫🤦♀️
@@ScarlettCatte Name one person who was sued for borrowing money using the bank's valuations, and then paying it back.
Firstly, the bank itself doesn't do appraisals, they require someone else to do the appraisal and if it seems legit they take it in. If someone LIES on that appraisal and then submit a fraudulent appraisal, that's not on the banks, that's on the guy who submitted the appraisal.
Secondly, that's not why trump was sued. But this statute was literally used to sue Exxon Mobil and was what was used against Martin Shkreli
If you want a more recent example, Boruch Drillman was sued for this *LITERALLY LAST YEAR*
@@brainstewX
Why do the biggest crooks always get the biggest breaks?
He's not a crook
@@brainstewXname one good thing he has done with his businesses?
@@benhill3689bankrupted them.
@@brainstewXi garuntee you would have agreed with the above statement when he was just a wealthy new york democrat
@@Aeiviousnah, just because you wear blinders for your blundering favies doesn't mean everyone does.
So the regular person would have to pay the full amount, but when you're "special" because you're rich and therefore your penalty is massive, you only have to pay about 1/3. Got it.
Technically, right. So *technically* this is just the *bond* reduced, not the actual judgement itself. So he's still on the hook for the full amount in the event that he's not able to appeal, I believe? This is just a measure which makes it so that rather than having his properties seized (as we should have, by the way, I do regard the court's decision here as a massive mistake and miscarriage of justice.) he'll be able to actually acquire a bond and then when he loses the case he'll be on the hook for the full amount.
*I THINK* this is how the situation has settled, at least. I'm fairly certain he will still be on the hook for the full amount when the trial concludes. But this *was* a massive favor for him that he in no way deserved.
I appreciate you and thank you for making content.
Always interesting, thank you.
Does anyone else think its funny that the case was about inflated property values and the only way to pay off the fines is if someone trusted his property values?
I will always insta-click a legal eagle video on this whole debacle.
Yeah, there was no hesitation. I can always count on him to clear it all up; Then I won't remember how he cleared it up the next day.
@@Voicesinme All I need to remember is: "Trump dumb, might get away with it, but here's why he shouldn't"
bad decision from Appellate court. they wouldn't do that for a poor person
Remember in 2016 when he claimed to have 10 billion in the bank? Pepperidge Farm remembers
I'm worth so little as 26 year old with two jobs but at least I'm actually worth what I say I am and have no qualms about showing proof. I may not be a fake billionaire but I'm a real thousandare.
Massive bond? Do you mean the once significantly more massive bond that was alarmingly reduced by a corrupt court in an unprecedented decision (to my knowledge, and, yes, it's a pun of sorts)? What can be done about all the corrupt individuals in public office? They need to be removed, held accountable, punished, and their past works needs to be reviewed. This is a nightmare farce. This is awful.
If you'd understood the video, you'd know that this is simply the court giving Trump the same leeway it would give other defendants. He gets treated as if he could be innocent until the appeal is finished. It's simply more evidence this isn't a political prosecution. And it's not like he's going to win this appeal so he will have to pay for everything anyway pretty soon. And even the reduced bond is already proving a problem according to this video. So, Trump ain't getting out this time. Justice will be done, we just have to wait a little longer until the process is completed.
So much for being a billionaire 😂😂, he shouldn't go around saying that he has $4,000,000,000 million dollars 😂😂.
theyll find out any ways om investigstions
Years prior he said he had $10,000,000,000
So, if he always tells the truth (😂😂😂), how did he lose $6,000,000,000???
@@whocares9033Art of deal, that's how
He lies that’s his brand. Lie. Lie. Lie.
“If I’m writing to enemies, like opposing council” 😂😂 A+ ad plug
So we now find out that the bond issued was either 1) fraudulent, or 2) worthless.
we need an update on this video.
7:14 Let's be honest, he would be the type of person to sell his own children rather than his real estate.
My thought as well.
Why was my first thought T seeing this video “oops, I dropped my LIQUIDITY PROBLEM, that I use for my MASSIVE BOND”
I hate you for this 😂😂
"HELP ME STEPSON, I'M STUCK... IN COURT"
That's perfect, well played!
They set him a fine, he doesn't pay.
They set him a fine, he doesn't pay.
They set him a fine, he doesn't pay.
🤷
Props for calling OJ *Simpson a "murderer" instead of an "alleged murderer." If OJ doesn't like it, too bad. What's he going to do about it, sue?
Truth Social IPO smells like a classic "pump and dump" stock scheme...
Hopefully the crash will happen before Trump can sell any shares.
However I am sure that at some point there will be a Legal Eagle report on the laws broken in selling a loss making company for a fortune.
@LegalEagle Regarding other "billionaires" paying it off, it would be either not income if structured as a loan (assuming adequate interest requirements) or a gift. A gift above the lifetime gift tax exemption would be taxable at 18%-40%, almost all of which would be at 40%. So paying off his $547,300,000 in judgments as a gift could cost up to $912,166,666 depending on the source of funding.
The question on my mind is "Why the hell was his bond reduced so much, after he has repeatedly broken oaths, lied through his teeth, insulted all the judicial system, judges, clerks, all of them, threatened even ?"
How the hell does he get through all of this, any single occurrence directed at your average joe would land them severe repercussions, so WHY ?
due to a systematic corruption at all levels of the government. the product of having money and power be considered moral paragons, that along with the pervasive nature of 'freedom' often being interpreted as 'lack of personal responsibility' as a means to justify any action they want. the system started foul but it was never corrected. most of America's history is spent in war of one kind or another because it's an empire by any other name. nobility has entrenched itself and while it may not be legally codified it is still there
Been waiting for this response from LE!
It's not de novo, it's DiGiorno
Snort laughing in my office. Thank you for this one!
the most important takeaway: there's a company called chub (CHUBB)
a jury came to the carroll judgement. they did so because he would not stop defaming her. there is no justification for lowering them. he is still defaming her.
To be clear, they did not reduce the size of the settlement owed to her. They only reduced the size of the bond that he needs to put up as part of the appeal. If he looses the appeal then he still owes the full amount.
"Tish Tower" has a much better ring to it
I'm rooting for Stormy Tower
Orange Man broke, much sadness. Don't mind me laughing in a corner over here.
You're being very petty... And rightly so 😂😂😂
@@KateBee123- truth social going public doesn't automatically give him 3 billion. The 3 billion is based on current market valuation. But who's to say it will stay the same after the merger? Lots of unknown variables in such a gamble.
@@itsthevoicemanseems to be fine lol
I love this channel. Everything is so fascinating.
"Trump would never cash out and tank the stock" literally six days later....
Best part is, I think this is before he's tried to cash out.
trump somehow managed to fail at doing a pump&dump. I suppose we shouldn't be surprised for someone who managed to have his casinos go bankrupt.
Why can he get away with all the delays and other things? If I tried that, I'd already been in jail.
Never thought I would say this, but after watching this video I feel good about being able to pay my bills today.
Trump is a significantly less competent legal client than Zac Oyama was on Game Changer XD
Elite reference
God I love that one. It's up there with the devilled egg one XD
This is a reminder for people to not put a narcisist or sociopath as head of companies, eventually thr house of cards they build, goes down.