664

Idiot Trump Confesses He Actually Has the Money to Post Bond (newrepublic.com)

submitted 7 months ago* (last edited 7 months ago) by MicroWave@lemmy.world to c/politics@lemmy.world

106 comments fedilink hide all child comments

Donald Trump is close to the deadline to post bond in his fraud trial—and he’s screwing himself over even more.

After having reached out to several guarantors and 30 suretors for help posting his $464 million New York bank fraud bond, Donald Trump suddenly wants everyone to know he actually does have the cash.

In a bizarre rant on Friday morning, the man who was found to have defrauded banks and investors by overvaluing himself and the value of his properties claimed that he had accrued the wealth by way of “HARD WORK, TALENT, AND LUCK.”

Trump also admitted he has nearly half a billion dollars in cash.

The confession directly contradicts a filing from his legal team last month arguing that it would be “impossible” to secure a bond covering the full amount of the multimillion-dollar ruling.

Trump’s words will surely help out New York Attorney General Letitia James, who on Wednesday urged an appeals court to ignore Donald Trump’s latest effort to worm his way out of paying the $464 million disgorgement from his bank fraud trial.

top 50 comments

sorted by: hot top controversial new old

[-] gravitas_deficiency@sh.itjust.works 221 points 7 months ago

I mean, yeah, he “admitted” it… but knowing how much of a pathological liar he is, it’s also possible that he just wanted to look “successful” to his captive rubes.

Either way, he is absolutely creating real and serious problems for himself by saying that. And I love that for him.

[-] just_another_person@lemmy.world 53 points 7 months ago

If his sheep believe it maybe they'll stop giving him money though. Bonus.

[-] PizzasDontWearCapes@sh.itjust.works 39 points 7 months ago

The best scenario is conservatives keep giving him their money, and he loses

[-] rockSlayer@lemmy.world 30 points 7 months ago

He's already going to bankrupt the rnc. This is a bonus

[-] LifeInMultipleChoice@lemmy.world 16 points 7 months ago* (last edited 7 months ago)

That unfortunately could go wrong in several ways I assume.

Being a highly funded coop
Being that a mass of people just took money from the lower and middle class and gave it to the rich where it may not be spent leading to an economic hit that pushes more people against more liberal ideals.

[-] bradorsomething@ttrpg.network 9 points 7 months ago

Number one worries me, our chickens are certainly coming home to roost here.

load more comments (1 replies)

[-] Jimmyeatsausage@lemmy.world 9 points 7 months ago

I mean, he said on day 1, after descending his golden escalator, he was funding everything himself, and they've been paying him every day since. I'm not sure why they'd stop now.

load more comments (1 replies)

load more comments (4 replies)

[-] ramenshaman@lemmy.world 164 points 7 months ago

Call me crazy but I think there's a chance he's lying.

[-] BananaTrifleViolin@lemmy.world 40 points 7 months ago

Worse, the guy may be demented and delusional; he may actually believe his has the money in cash.

The more I see him talk the more I think he has dementia; worse than biden by far. I'm amazed he gets a free pass on it.

[-] GlendatheGayWitch@lemmy.world 14 points 7 months ago

I know, his mental state hasn't been very good at any point in his campaigning. I remember seeing a speech of his that interrupted some TV programming shortly after he became president and it was just mindless rambling. I have ADHD and I couldn't even follow it, it was so bad.

[-] emptiestplace@lemmy.ml 12 points 7 months ago

Yeah.

Dementia combined with a complete lack of inhibition results in a presence that is much more compelling to idiots compared to someone who periodically stumbles as they attempt to compensate for their cognitive decline.

load more comments (1 replies)

load more comments (4 replies)

[-] mundane@feddit.nu 20 points 7 months ago

If he said it out loud, it's most likely a lie.

[-] TheBat@lemmy.world 10 points 7 months ago

But do you think he's lying about lying?

load more comments (6 replies)

load more comments (3 replies)

[-] Chainweasel@lemmy.world 143 points 7 months ago

Honestly I don't believe for a second that he actually has the money. I just don't think he can handle people (HIS people) knowing that he's flat fucking broke and at the end of his rope.
Monday we'll find out if Schrodinger's cash was in the box or not.

[-] Dagwood222@lemm.ee 86 points 7 months ago

One story I heard was that his lawyers have to come into the room in pairs, because he'll tell one lawyer Story A and the other one Story B.

He doesn't lie like an adult; he lies like a child.

[-] Jaysyn@kbin.social 22 points 7 months ago* (last edited 7 months ago)

I've read he legit does have a bit over $500M liquid, but if he touches more than $450M of what remains, loans will automatically start getting called in.

Loans he can't pay if he only has $50M liquid left.

load more comments (1 replies)

[-] jballs@sh.itjust.works 14 points 7 months ago

Schrodinger's cash

That is chef's kiss perfect 🤌

[-] meat_popsicle@sh.itjust.works 11 points 7 months ago

He’s not broke. TruthSocial is about to go public via SPAC and make him about $3.3B. Company will trade under ticker DJT.

From Reuters

This is all a nice distraction to rile his base.

[-] tacosplease@lemmy.world 30 points 7 months ago

I don't have that kind of money to risk, but this seems like a great opportunity to short a stock.

[-] Snapz@lemmy.world 29 points 7 months ago* (last edited 7 months ago)

Not sure who was making that value projection, but if it was a trump-involved party, you can definitely count on that being over inflated bullshit.

We all need to stop regurgitating trump headlines/talking points verbatim without attempting to add some context.

"its future is fraught with uncertainty. Digital World's former CEO Patrick Orlando and former Trump business associates Andy Litinsky and Wes Moss have separately sued to ask for more shares for their previous work on the deal.

It is unclear how and when these cases will be resolved. Even if the deal gets completed next week, Trump will not be allowed to sell any of his shares in the combined company for six months or borrow against them, based on terms he previously agreed."

load more comments (1 replies)

load more comments (2 replies)

load more comments (1 replies)

[-] Buffalox@lemmy.world 93 points 7 months ago

Quote from Trump on truth social shown in the article:

THE OFTEN OVERTURNED POLITICAL HACK JUDGE ON THE RIGGED AND CORRUPT A.G. CASE

Can they not sue him for libel on this?

Apart from that it's hilarious that he still tries to claim he is paying for his presidential campaign himself.

[-] FlowVoid@lemmy.world 60 points 7 months ago* (last edited 7 months ago)

Courts generally consider broad statements like "rigged" and "corrupt" to be opinions, which by themselves are not grounds for libel. Libel requires stating specific false facts.

For example, "The election was rigged" is an opinion. But "Two Georgia election workers threw away GOP ballots" is libel.

[-] Buffalox@lemmy.world 21 points 7 months ago

Ah OK, that's why he can keep doing it.

load more comments (6 replies)

[-] TransplantedSconie@lemm.ee 46 points 7 months ago* (last edited 7 months ago)

That opens an attack avenue for appeal. Do nothing until he can't appeal it, then you blindside him with libel and take another 100 mill.

[-] just_another_person@lemmy.world 34 points 7 months ago* (last edited 7 months ago)

Read it again. There is no slanderous or libelous statement, as dumb as it is. Somebody was handling the wording very carefully.

"OFTEN OVERTURNED" - Haven't looked into it, but possible fact or subjective to the speaker's point of view at the very least.

"POLITICAL HACK JUDGE" - Derogatory at best, and not mentioning the specific names or false allegation.

"CORRUPT AG CASE" - Again, subjective, and referring the case, not the AG or Judge.

What a fucking idiot to invite more consternation, but unless you specifically say something like "Judge Tom Smith took bribe money to fuck over my case", there isn't a solid argument for Libel or Slander.

load more comments (7 replies)

load more comments (1 replies)

[-] Diplomjodler@feddit.de 19 points 7 months ago* (last edited 7 months ago)

Normal people would have been jailed for contempt of court for far less.

[-] FlowVoid@lemmy.world 9 points 7 months ago

Contempt of court only applies to behavior in the courtroom, or when the judge has issued a specific order.

Trump isn't in the courtroom and was never banned from criticizing the judge or prosecutor, so there is no basis for contempt of court.

load more comments (2 replies)

[-] mozz@mbin.grits.dev 13 points 7 months ago

It seems like bad precedent for a judge to sue a participant in the trial for what they're saying about the trial.

He could hold Trump in contempt, but I think he doesn't see the reason to bother with it, since he's already engaged in fucking Trump's world up pretty significantly.

Plus, if he did sue for libel, how would he ever get paid? It's like a never ending cycle.

[-] Buffalox@lemmy.world 9 points 7 months ago

since he’s already engaged in fucking Trump’s world up pretty significantly.

LOL 😄

load more comments (1 replies)

load more comments (3 replies)

[-] peopleproblems@lemmy.world 59 points 7 months ago

So... Pay it?

load more comments (1 replies)

[-] GardenVarietyAnxiety@lemmy.world 40 points 7 months ago

How long until they just admit that he's senile, but still tell people to vote for him to be the president?

[-] minibyte@sh.itjust.works 11 points 7 months ago* (last edited 7 months ago)

Isn’t that what they’re doing with Biden? If Dems lose this race it’s because they shot themselves in the foot at the start.

[-] JoeBigelow@lemmy.ca 59 points 7 months ago

Except Biden isn't senile, he's just old. And anybody trying to compare his mental state to Trump's based solely on what we can plainly see on camera, is doing so in bad faith. That's not counting what the actual transcript of the Special Counsel investigation said, that he has a seemingly photographic memory.

load more comments (3 replies)

[-] GardenVarietyAnxiety@lemmy.world 14 points 7 months ago

Who is doing that with Biden?

load more comments (1 replies)

[-] profdc9@lemmy.world 38 points 7 months ago

How could this man bring the republic so close to ruin? Our democracy must be in a perilous state indeed.

[-] Zink@programming.dev 17 points 7 months ago

I think we have many citizens that need to recognize that the founding fathers were humans and not divine utopia engineers.

We should change some stuff to make the country better. Many of the big things were designed to be very hard to change though. That makes me worry that things will have to get that much worse before the people & politicians are ready to actually do something.

load more comments (5 replies)

load more comments (1 replies)

[-] CosmicCleric@lemmy.world 25 points 7 months ago

If he ends up getting enough money from other people, do we really want a President who is so beholden (aka 'owes them') to others in the office?

[-] xenoclast@lemmy.world 15 points 7 months ago

Well they elected him when he was a Putin owned stooge. And his family is owned by the Saudis.

So what the hell are a bunch of rubes fleeced for a few hundred million gonna do?

load more comments (1 replies)

[-] Blackmist@feddit.uk 21 points 7 months ago

Clearly one of those old school business wankers who see "must pay within 90 days" and pays at the last minute on the 90th day on principle.

[-] whotookkarl@lemmy.world 20 points 7 months ago* (last edited 7 months ago)

'Rap snitches, tellin' all their business

Sit in the court and be their own star witness

"Do you see the perpetrator?"

Yeah, I'm right here

Fuck around, get the whole label sent up for years' -MF Doom, Mr. Fantastik

load more comments (1 replies)

[-] Rapidcreek@lemmy.world 14 points 7 months ago* (last edited 7 months ago)

Heard recently that the Trump run is like a paper bag full of water. One of these days the bag will burst and everything will run out.

[-] Rentlar@lemmy.ca 12 points 7 months ago

I'm glad the writer with The New Republic doesn't mince words.

Still this is the classic Trump strategy of doubling-down when backed in a corner. If it's worked for him all his life why would he do any different now?

load more comments

this post was submitted on 23 Mar 2024

664 points (100.0% liked)

politics

19104 readers

2409 users here now

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News