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American Politics: Campus Crushed

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How Will Trump's Hush Money Trial End?

Guilty
71
44%
Not Guilty
30
19%
Hung Jury/Mistrial
51
31%
Other
10
6%
 
Total votes : 162

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Democratic Republic of Libertardia
Civilian
 
Posts: 1
Founded: Mar 18, 2024
Ex-Nation

Postby Democratic Republic of Libertardia » Tue Mar 19, 2024 9:35 am

Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!

User avatar
Emotional Support Crocodile
Senator
 
Posts: 4667
Founded: Jun 06, 2022
New York Times Democracy

Postby Emotional Support Crocodile » Tue Mar 19, 2024 9:47 am

Democratic Republic of Libertardia wrote:Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!


He doesn't have a chance.
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HISPIDA
Powerbroker
 
Posts: 9024
Founded: Jun 21, 2021
Anarchy

Postby HISPIDA » Tue Mar 19, 2024 9:48 am

Democratic Republic of Libertardia wrote:Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!

if kennedy wins i will paypal you my entire paycheck.
FUCK ISRAEL FUCK THE GENOCIDE FREE PALESTINE (they/them)
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NO WAR BUT CLASS WAR
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San Lumen
Post Kaiser
 
Posts: 87612
Founded: Jul 02, 2009
Liberal Democratic Socialists

Postby San Lumen » Tue Mar 19, 2024 9:50 am

Hispida wrote:
Hidrandia wrote:
Lincoln was trying to keep the northern southern states from succeding and joining the Union as states like Virginia would massively boost the confederate war effort. More upper states like deleware, maryland, and kentucky would of also massively helped the confederates. His goal intialy was to Maintain the Union.

who cares about maintaining the union when it was falling apart for 20 years by that point?

San Lumen wrote:
Maryland was key. If they joined the confederacy it would have been the end of the Union.

i doubt it. maybe the end of his political career in 1864, but mcclellan (if he was in the running) would've kept the war going and the confederacy still would've collapsed.


Lincoln did some questionable but necessary things to keep Maryland from succeeding. If they left with the other states Lincoln most of Congress would have had to evacuate DC and the war ends before it even begins.

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HISPIDA
Powerbroker
 
Posts: 9024
Founded: Jun 21, 2021
Anarchy

Postby HISPIDA » Tue Mar 19, 2024 9:50 am

San Lumen wrote:
Hispida wrote:who cares about maintaining the union when it was falling apart for 20 years by that point?


i doubt it. maybe the end of his political career in 1864, but mcclellan (if he was in the running) would've kept the war going and the confederacy still would've collapsed.


Lincoln did some questionable but necessary things to keep Maryland from succeeding. If they left with the other states Lincoln most of Congress would have had to evacuate DC and the war ends before it even begins.

the US government would just move to new york. or philadelphia.
FUCK ISRAEL FUCK THE GENOCIDE FREE PALESTINE (they/them)
"Genocide, after all, is an exercise in community building." - Philip Gourevitch
NO WAR BUT CLASS WAR
Victory Day: February 23, 2022

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Phobos Drilling and Manufacturing
Ambassador
 
Posts: 1404
Founded: May 14, 2023
Corporate Bordello

Postby Phobos Drilling and Manufacturing » Tue Mar 19, 2024 9:57 am

Democratic Republic of Libertardia wrote:Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!

Mf is ableist

I have high functioning autism and he spreads the dumbass belief that vaccines cause autism.

So nah, I’d rather not want a mf who is ableist towards me.

However he did say he wants to hold the CIA, FBI and ATF accountable for their actions so that’s based I guess but still not enough for me to vote for him.
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Washington Resistance Army
Khan of Spam
 
Posts: 54806
Founded: Aug 08, 2011
Father Knows Best State

Postby Washington Resistance Army » Tue Mar 19, 2024 10:17 am

Ifreann wrote:Washington Post article claims that the Biden administration has known from the outset that Israel has been committing war crimes and has never had any clear goal in this war, and despite this unconditionally supported Israel, both rhetorically and materially.
On Oct. 27, three weeks into Israel’s punishing counterattack in Gaza, top Biden officials privately told a small group assembled at the White House what they would not say in public: Israel was regularly bombing buildings without solid intelligence that they were legitimate military targets.

The group — top foreign policy officials from the Biden administration and previous ones — also discussed the apparent lack of an Israeli plan for defeating Hamas despite repeated U.S. prodding, according to three people familiar with the meeting, who spoke on the condition of anonymity to discuss a private exchange.

“We never had a clear sense that the Israelis had a definable and achievable military objective,” said one of those familiar with the meeting. “From the very beginning, there’s been a sense of us not knowing how the Israelis were going to do what they said they were going to do.”


Sure does seem like a bad move on Biden's part to send weapons to people he knew were using those weapons to kill civilians. Not a great re-election strategy.


I genuinely think this is one of the biggest things that will sink Biden, so many young people are going to stay home or vote for someone else over this. Biden has been wishy-washy and tried to play the middle ground here and that just hasn't worked, he's managed to piss off everyone.
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Rodmenia
Lobbyist
 
Posts: 15
Founded: Oct 12, 2023
Father Knows Best State

Postby Rodmenia » Tue Mar 19, 2024 10:20 am

Democratic Republic of Libertardia wrote:Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!

Yeah… Kennedy doesn’t stand a chance against the cult followings of Trump, or the delusional Biden lovers.
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Phobos Drilling and Manufacturing
Ambassador
 
Posts: 1404
Founded: May 14, 2023
Corporate Bordello

Postby Phobos Drilling and Manufacturing » Tue Mar 19, 2024 10:36 am

Rodmenia wrote:
Democratic Republic of Libertardia wrote:Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!

Yeah… Kennedy doesn’t stand a chance against the cult followings of Trump, or the delusional Biden lovers.

Vermin Supreme needs to start a coup
“Someday, people will say quotes I never said” - Sun Tzu, or something.

Post Irony and Meta Irony must be embraced as the next step

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The Black Forrest
Khan of Spam
 
Posts: 59285
Founded: Antiquity
Inoffensive Centrist Democracy

Postby The Black Forrest » Tue Mar 19, 2024 10:37 am

San Lumen wrote:https://www.cnn.com/2024/03/19/media/trump-sues-abc-news-george-stephanopoulos/index.html

Trump sues ABC News and George Stephanopoulos for defamation over Nancy Mace interview


I am shocked he would file a frivolous suit.
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* There is actually a War on Christmas. But Christmas started it, with it's unparalleled aggression against the Thanksgiving Holiday, and now Christmas has seized much Lebensraum in November, and are pushing into October. The rest of us seek to repel these invaders, and push them back to the status quo ante bellum Black Friday border. -Trotskylvania
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* I felt like Ayn Rand cornered me at a party, and three minutes in I found my first objection to what she was saying, but she kept talking without interruption for ten more days. - Max Barry talking about Atlas Shrugged

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Great Bulgarian Kingdom
Spokesperson
 
Posts: 161
Founded: Oct 10, 2023
Capitalist Paradise

Postby Great Bulgarian Kingdom » Tue Mar 19, 2024 10:39 am

Hispida wrote:
San Lumen wrote:
Lincoln did some questionable but necessary things to keep Maryland from succeeding. If they left with the other states Lincoln most of Congress would have had to evacuate DC and the war ends before it even begins.

the US government would just move to new york. or philadelphia.

It's hard to move an entire government when literally everyone knows where you are (DC) and your surrounded on all sides by enemies.

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The Black Forrest
Khan of Spam
 
Posts: 59285
Founded: Antiquity
Inoffensive Centrist Democracy

Postby The Black Forrest » Tue Mar 19, 2024 10:45 am

Kannap wrote:
San Lumen wrote:
It should not take this long to count votes. Several other elections are still not decided including the Sacramento mayor election. No one will get 50 percent so a runoff will be held in November.


It takes this long to count the votes because the system is working. More people are voting because voting is more accessible via mail-in ballots, but also that elongates the process.


Yup. This is why in some cases results are called before all votes are counted. For example; if one side is wining by 200K votes and there are 60K votes left. Since this one is close, they can’t call it till all the votes are counted….
*I am a master proofreader after I click Submit.
* There is actually a War on Christmas. But Christmas started it, with it's unparalleled aggression against the Thanksgiving Holiday, and now Christmas has seized much Lebensraum in November, and are pushing into October. The rest of us seek to repel these invaders, and push them back to the status quo ante bellum Black Friday border. -Trotskylvania
* Silence Is Golden But Duct Tape Is Silver.
* I felt like Ayn Rand cornered me at a party, and three minutes in I found my first objection to what she was saying, but she kept talking without interruption for ten more days. - Max Barry talking about Atlas Shrugged

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Blargoblarg
Minister
 
Posts: 2285
Founded: Sep 06, 2010
Corrupt Dictatorship

Postby Blargoblarg » Tue Mar 19, 2024 11:14 am

RE the current title, I'd say there's a lot better candidates than Biden and Trump, even though one of those two is likely to win. Claudia de la Cruz of the Party for Socialism and Liberation is my favorite of the actual leftist candidates who care about the working class, but here in America the system is rigged in favor of the Democrats and Republicans, both right-wing capitalist parties owned by the very wealthy.
Claudia De la Cruz 2024 Article about her here
Democrats and Republicans are both right-wing capitalists owned by the rich and the big corporations. Major media in the US is also owned by the rich and big corporations.
Major study finds that America is an oligarchy, not a democracy
"Workers of the world, unite!" -Marx and Engels
You can read The State and Revolution by Lenin for free here
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Ifreann
Post Overlord
 
Posts: 164123
Founded: Aug 07, 2005
Iron Fist Socialists

Postby Ifreann » Tue Mar 19, 2024 11:18 am

Washington Resistance Army wrote:


I genuinely think this is one of the biggest things that will sink Biden, so many young people are going to stay home or vote for someone else over this. Biden has been wishy-washy and tried to play the middle ground here and that just hasn't worked, he's managed to piss off everyone.

He does seem to be getting the worst of both worlds.
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Deblar
Negotiator
 
Posts: 5259
Founded: Jan 28, 2021
Left-wing Utopia

Postby Deblar » Tue Mar 19, 2024 11:19 am

Democratic Republic of Libertardia wrote:Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!

His campaign is more dead on arrival than his uncle in Dallas

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Cyrilliania
Political Columnist
 
Posts: 3
Founded: Feb 29, 2024
Inoffensive Centrist Democracy

Postby Cyrilliania » Tue Mar 19, 2024 11:23 am

Kennedy fails on showing himself on the way to elections, i wonder if a Vietnamese aware of Kennedy's participation.
Trump & Biden already gave us insecurity' about themselves, i'm not telling they were bad. People had a lot of words going off about them.

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Phobos Drilling and Manufacturing
Ambassador
 
Posts: 1404
Founded: May 14, 2023
Corporate Bordello

Postby Phobos Drilling and Manufacturing » Tue Mar 19, 2024 11:32 am

Deblar wrote:
Democratic Republic of Libertardia wrote:Honestly I think Kennedy is going to win. I hate how the only options we have are sucky ones. It's time to break free, declare you independence!

His campaign is more dead on arrival than his uncle in Dallas

Lmao

Also idk if this has been posted but: https://www.bbc.com/news/business-68534703

His family said he was never suicidal, I would bet a lot of money that it was a staged suicide by the feds.
“Someday, people will say quotes I never said” - Sun Tzu, or something.

Post Irony and Meta Irony must be embraced as the next step

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Blargoblarg
Minister
 
Posts: 2285
Founded: Sep 06, 2010
Corrupt Dictatorship

Postby Blargoblarg » Tue Mar 19, 2024 11:32 am

Ifreann wrote:
Washington Resistance Army wrote:
I genuinely think this is one of the biggest things that will sink Biden, so many young people are going to stay home or vote for someone else over this. Biden has been wishy-washy and tried to play the middle ground here and that just hasn't worked, he's managed to piss off everyone.

He does seem to be getting the worst of both worlds.

I wouldn't be surprised if a lot of young people and Arab-Americans who would've voted for Democrats are put off by Biden's continued support for Israel's genocide of the Palestinians in Gaza. I'd like to hope this leads to more people voting for independent and third party candidates in November, and more importantly I hope a lot more Americans realize that voting isn't gonna fix this system that's owned by the wealthy.
Claudia De la Cruz 2024 Article about her here
Democrats and Republicans are both right-wing capitalists owned by the rich and the big corporations. Major media in the US is also owned by the rich and big corporations.
Major study finds that America is an oligarchy, not a democracy
"Workers of the world, unite!" -Marx and Engels
You can read The State and Revolution by Lenin for free here
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Celritannia
Post Marshal
 
Posts: 18449
Founded: Nov 10, 2010
Left-wing Utopia

Postby Celritannia » Tue Mar 19, 2024 11:36 am

Trump needs a $464m bond in six days. What if he can't get it?
By Madeline Halpert
BBC News, New York
Donald Trump's lawyers are asking a New York court to put a $464m (£365m) fine in a civil fraud case on hold, as the former president finds himself in a precarious financial situation that could ultimately see his most prized properties taken.

If Mr Trump wants to continue his appeal in the case, he must submit the full amount in cash or secure a bond from a private company by 25 March.

But on Monday, his lawyers said that despite their "diligent efforts" it had been "practically impossible" to find a company willing to act as a guarantor of the full sum and asked for a pause.

"We really are in a moment of serious crisis for Trump personally, as well as for his business," said Professor Will Thomas from the University of Michigan Ross Business School.

So with the clock seemingly ticking, here's what could happen next in the case.

1) Trump gets a pause
A panel of appeals court judges will decide by 25 March whether the $464m judgement can be paused while Mr Trump appeals.

This would be a best case scenario for the former president, who is no doubt eager to avoid having to pay an estimated 16% of what Forbes reports is his $2.6bn net worth.

The fact that Mr Trump has assets in the state of New York that can be seized, however, could reassure a court that he would be able to pay the penalty if he lost the appeal, according to Mr Thomas.

"I think it is very likely that he will get some kind of stay - unless they find some other stopgap option," he told the BBC.

Renato Mariotti, a lawyer who represents large real-estate developers, said it was hard to predict how the court would treat a former president.

"But my clients wouldn't get a pause," he said.

2) A compromise option
The New York appeals court could come back to Mr Trump with a middle-of-the-road option, experts said.

The court could require Mr Trump to post a bond of a smaller amount while he appeals against the ruling.

Mr Trump, however, has already asked an appeals court to allow him to post a bond covering $100m instead. His lawyers argued he would "suffer irreparable harm" if forced to pay the full sum up front.

That request was rejected by a judge.

Alternatively, the court could ask Mr Trump to sign a sworn statement saying he has assets in New York and understands they could be seized if he loses the appeal, Mr Thomas said.

Ultimately, if Mr Trump does not get a pause and the court offers no compromise option, he could appeal directly to New York's Court of Appeals.

But with a deadline of 25 March to pay the judgement or post a bond, he is working on a tight timeline.

3) He secures a bond
Mr Trump could still find a way to secure a bond - for a fee - if his request for a stay is rejected, although according to his lawyers, this could be difficult.

The bonding company would be agreeing to pay the financial penalty if Mr Trump loses his appeal and cannot do so himself.

But his legal team said they had already approached 30 companies without success.

To secure a bond, an individual has to demonstrate to the company providing the guarantee that they have enough liquidity - usually in the form of cash plus stocks or securities which can be sold quickly - to cover the amount.

Mr Mariotti said the fact he could not secure a bond could mean two things: "Trump is not nearly as wealthy as he has led the public to believe - or he didn't prepare for this possible judgement."

4) Mr Trump pays the penalty
Without a bond to cover the full amount, Mr Trump could attempt to pay the judgement with his own money.

He told a court last year that he had $400m in liquid assets.

To get cash quickly to cover the rest of the fine, experts said he could try to refinance his properties or quickly sell some of his assets - but selling real estate properties could take time.

He could also declare bankruptcy, which would allow him to avoid paying the judgement.

But bankruptcy could be costly - and prove a hit to Mr Trump's reputation in an election year, Mr Thomas said. "Practically, it's the most devastating thing that Donald Trump could ever do to his self image," he said.

5) New York takes Trump's assets
If Mr Trump cannot find a way to pay the fraud judgement or secure a bond by 25 March, the New York Attorney General Letitia James can begin to collect the fee and take his assets.

She has said she will do so if he fails to pay.

Experts say this is another worst case scenario for Mr Trump, as he could lose some of his most famous properties.

They can take any of his buildings - not just those in New York - including the 58-floor Trump Tower and his sprawling Florida club, Mar-a-Lago.

The glitzy New York buildings that Trump could lose
Ms James would likely not sell these assets until the appeals process is over, Mr Thomas said. This is because if she were to lose the appeal to Mr Trump, her office would have to pay him back after losing value on properties they sold quickly.

But if Ms James does eventually sell the assets, there would be a court-ordered process to do so, with the first $464m going to New York state to pay the judgement, and any money left over going to Mr Trump, said Mitchell Epner, an attorney who handles commercial litigation.

Mr Epner said the state could seize multiple assets, as none of Mr Trump's properties on their own appear to be worth $450m.

With additional reporting from Nada Tawfik

Related Topics

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Deblar
Negotiator
 
Posts: 5259
Founded: Jan 28, 2021
Left-wing Utopia

Postby Deblar » Tue Mar 19, 2024 11:39 am

Celritannia wrote:Trump needs a $464m bond in six days. What if he can't get it?
By Madeline Halpert
BBC News, New York
Donald Trump's lawyers are asking a New York court to put a $464m (£365m) fine in a civil fraud case on hold, as the former president finds himself in a precarious financial situation that could ultimately see his most prized properties taken.

If Mr Trump wants to continue his appeal in the case, he must submit the full amount in cash or secure a bond from a private company by 25 March.

But on Monday, his lawyers said that despite their "diligent efforts" it had been "practically impossible" to find a company willing to act as a guarantor of the full sum and asked for a pause.

"We really are in a moment of serious crisis for Trump personally, as well as for his business," said Professor Will Thomas from the University of Michigan Ross Business School.

So with the clock seemingly ticking, here's what could happen next in the case.

1) Trump gets a pause
A panel of appeals court judges will decide by 25 March whether the $464m judgement can be paused while Mr Trump appeals.

This would be a best case scenario for the former president, who is no doubt eager to avoid having to pay an estimated 16% of what Forbes reports is his $2.6bn net worth.

The fact that Mr Trump has assets in the state of New York that can be seized, however, could reassure a court that he would be able to pay the penalty if he lost the appeal, according to Mr Thomas.

"I think it is very likely that he will get some kind of stay - unless they find some other stopgap option," he told the BBC.

Renato Mariotti, a lawyer who represents large real-estate developers, said it was hard to predict how the court would treat a former president.

"But my clients wouldn't get a pause," he said.

2) A compromise option
The New York appeals court could come back to Mr Trump with a middle-of-the-road option, experts said.

The court could require Mr Trump to post a bond of a smaller amount while he appeals against the ruling.

Mr Trump, however, has already asked an appeals court to allow him to post a bond covering $100m instead. His lawyers argued he would "suffer irreparable harm" if forced to pay the full sum up front.

That request was rejected by a judge.

Alternatively, the court could ask Mr Trump to sign a sworn statement saying he has assets in New York and understands they could be seized if he loses the appeal, Mr Thomas said.

Ultimately, if Mr Trump does not get a pause and the court offers no compromise option, he could appeal directly to New York's Court of Appeals.

But with a deadline of 25 March to pay the judgement or post a bond, he is working on a tight timeline.

3) He secures a bond
Mr Trump could still find a way to secure a bond - for a fee - if his request for a stay is rejected, although according to his lawyers, this could be difficult.

The bonding company would be agreeing to pay the financial penalty if Mr Trump loses his appeal and cannot do so himself.

But his legal team said they had already approached 30 companies without success.

To secure a bond, an individual has to demonstrate to the company providing the guarantee that they have enough liquidity - usually in the form of cash plus stocks or securities which can be sold quickly - to cover the amount.

Mr Mariotti said the fact he could not secure a bond could mean two things: "Trump is not nearly as wealthy as he has led the public to believe - or he didn't prepare for this possible judgement."

4) Mr Trump pays the penalty
Without a bond to cover the full amount, Mr Trump could attempt to pay the judgement with his own money.

He told a court last year that he had $400m in liquid assets.

To get cash quickly to cover the rest of the fine, experts said he could try to refinance his properties or quickly sell some of his assets - but selling real estate properties could take time.

He could also declare bankruptcy, which would allow him to avoid paying the judgement.

But bankruptcy could be costly - and prove a hit to Mr Trump's reputation in an election year, Mr Thomas said. "Practically, it's the most devastating thing that Donald Trump could ever do to his self image," he said.

5) New York takes Trump's assets
If Mr Trump cannot find a way to pay the fraud judgement or secure a bond by 25 March, the New York Attorney General Letitia James can begin to collect the fee and take his assets.

She has said she will do so if he fails to pay.

Experts say this is another worst case scenario for Mr Trump, as he could lose some of his most famous properties.

They can take any of his buildings - not just those in New York - including the 58-floor Trump Tower and his sprawling Florida club, Mar-a-Lago.

The glitzy New York buildings that Trump could lose
Ms James would likely not sell these assets until the appeals process is over, Mr Thomas said. This is because if she were to lose the appeal to Mr Trump, her office would have to pay him back after losing value on properties they sold quickly.

But if Ms James does eventually sell the assets, there would be a court-ordered process to do so, with the first $464m going to New York state to pay the judgement, and any money left over going to Mr Trump, said Mitchell Epner, an attorney who handles commercial litigation.

Mr Epner said the state could seize multiple assets, as none of Mr Trump's properties on their own appear to be worth $450m.

With additional reporting from Nada Tawfik

Related Topics

Dear God please let his assets get taken, it would be so fucking funny

User avatar
Phobos Drilling and Manufacturing
Ambassador
 
Posts: 1404
Founded: May 14, 2023
Corporate Bordello

Postby Phobos Drilling and Manufacturing » Tue Mar 19, 2024 11:47 am

Blargoblarg wrote:
Ifreann wrote:He does seem to be getting the worst of both worlds.

I wouldn't be surprised if a lot of young people and Arab-Americans who would've voted for Democrats are put off by Biden's continued support for Israel's genocide of the Palestinians in Gaza. I'd like to hope this leads to more people voting for independent and third party candidates in November, and more importantly I hope a lot more Americans realize that voting isn't gonna fix this system that's owned by the wealthy.

What makes you think Revolutionary socialism will work?

It’s only been attempted like how many times now, and every single one ends up with bougie class claiming to represent the workers, and then abuse their power.

If you want a revolution, why not just… Not reinstate a govt? https://m.youtube.com/watch?v=MyvwacFNP ... VudA%3D%3D

While I think anarchism is even more Utopian than communism, I would rather live in an anarchist society than a Communist society
“Someday, people will say quotes I never said” - Sun Tzu, or something.

Post Irony and Meta Irony must be embraced as the next step

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User avatar
Hidrandia
Ambassador
 
Posts: 1879
Founded: Jan 20, 2022
Scandinavian Liberal Paradise

Postby Hidrandia » Tue Mar 19, 2024 11:47 am

Deblar wrote:
Celritannia wrote:Trump needs a $464m bond in six days. What if he can't get it?
By Madeline Halpert
BBC News, New York
Donald Trump's lawyers are asking a New York court to put a $464m (£365m) fine in a civil fraud case on hold, as the former president finds himself in a precarious financial situation that could ultimately see his most prized properties taken.

If Mr Trump wants to continue his appeal in the case, he must submit the full amount in cash or secure a bond from a private company by 25 March.

But on Monday, his lawyers said that despite their "diligent efforts" it had been "practically impossible" to find a company willing to act as a guarantor of the full sum and asked for a pause.

"We really are in a moment of serious crisis for Trump personally, as well as for his business," said Professor Will Thomas from the University of Michigan Ross Business School.

So with the clock seemingly ticking, here's what could happen next in the case.

1) Trump gets a pause
A panel of appeals court judges will decide by 25 March whether the $464m judgement can be paused while Mr Trump appeals.

This would be a best case scenario for the former president, who is no doubt eager to avoid having to pay an estimated 16% of what Forbes reports is his $2.6bn net worth.

The fact that Mr Trump has assets in the state of New York that can be seized, however, could reassure a court that he would be able to pay the penalty if he lost the appeal, according to Mr Thomas.

"I think it is very likely that he will get some kind of stay - unless they find some other stopgap option," he told the BBC.

Renato Mariotti, a lawyer who represents large real-estate developers, said it was hard to predict how the court would treat a former president.

"But my clients wouldn't get a pause," he said.

2) A compromise option
The New York appeals court could come back to Mr Trump with a middle-of-the-road option, experts said.

The court could require Mr Trump to post a bond of a smaller amount while he appeals against the ruling.

Mr Trump, however, has already asked an appeals court to allow him to post a bond covering $100m instead. His lawyers argued he would "suffer irreparable harm" if forced to pay the full sum up front.

That request was rejected by a judge.

Alternatively, the court could ask Mr Trump to sign a sworn statement saying he has assets in New York and understands they could be seized if he loses the appeal, Mr Thomas said.

Ultimately, if Mr Trump does not get a pause and the court offers no compromise option, he could appeal directly to New York's Court of Appeals.

But with a deadline of 25 March to pay the judgement or post a bond, he is working on a tight timeline.

3) He secures a bond
Mr Trump could still find a way to secure a bond - for a fee - if his request for a stay is rejected, although according to his lawyers, this could be difficult.

The bonding company would be agreeing to pay the financial penalty if Mr Trump loses his appeal and cannot do so himself.

But his legal team said they had already approached 30 companies without success.

To secure a bond, an individual has to demonstrate to the company providing the guarantee that they have enough liquidity - usually in the form of cash plus stocks or securities which can be sold quickly - to cover the amount.

Mr Mariotti said the fact he could not secure a bond could mean two things: "Trump is not nearly as wealthy as he has led the public to believe - or he didn't prepare for this possible judgement."

4) Mr Trump pays the penalty
Without a bond to cover the full amount, Mr Trump could attempt to pay the judgement with his own money.

He told a court last year that he had $400m in liquid assets.

To get cash quickly to cover the rest of the fine, experts said he could try to refinance his properties or quickly sell some of his assets - but selling real estate properties could take time.

He could also declare bankruptcy, which would allow him to avoid paying the judgement.

But bankruptcy could be costly - and prove a hit to Mr Trump's reputation in an election year, Mr Thomas said. "Practically, it's the most devastating thing that Donald Trump could ever do to his self image," he said.

5) New York takes Trump's assets
If Mr Trump cannot find a way to pay the fraud judgement or secure a bond by 25 March, the New York Attorney General Letitia James can begin to collect the fee and take his assets.

She has said she will do so if he fails to pay.

Experts say this is another worst case scenario for Mr Trump, as he could lose some of his most famous properties.

They can take any of his buildings - not just those in New York - including the 58-floor Trump Tower and his sprawling Florida club, Mar-a-Lago.

The glitzy New York buildings that Trump could lose
Ms James would likely not sell these assets until the appeals process is over, Mr Thomas said. This is because if she were to lose the appeal to Mr Trump, her office would have to pay him back after losing value on properties they sold quickly.

But if Ms James does eventually sell the assets, there would be a court-ordered process to do so, with the first $464m going to New York state to pay the judgement, and any money left over going to Mr Trump, said Mitchell Epner, an attorney who handles commercial litigation.

Mr Epner said the state could seize multiple assets, as none of Mr Trump's properties on their own appear to be worth $450m.

With additional reporting from Nada Tawfik

Related Topics

Dear God please let his assets get taken, it would be so fucking funny


"Welcome to the York Tower, formerly the Trump Tower."
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Deblar
Negotiator
 
Posts: 5259
Founded: Jan 28, 2021
Left-wing Utopia

Postby Deblar » Tue Mar 19, 2024 11:48 am

Phobos Drilling and Manufacturing wrote:
Blargoblarg wrote:I wouldn't be surprised if a lot of young people and Arab-Americans who would've voted for Democrats are put off by Biden's continued support for Israel's genocide of the Palestinians in Gaza. I'd like to hope this leads to more people voting for independent and third party candidates in November, and more importantly I hope a lot more Americans realize that voting isn't gonna fix this system that's owned by the wealthy.

What makes you think Revolutionary socialism will work?

It’s only been attempted like how many times now, and every single one ends up with bougie class claiming to represent the workers, and then abuse their power.

If you want a revolution, why not just… Not reinstate a govt? https://m.youtube.com/watch?v=MyvwacFNP ... VudA%3D%3D

While I think anarchism is even more Utopian than communism, I would rather live in an anarchist society than a Communist society

Who's gonna tell him a communist society is stateless?

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Repreteop
Ambassador
 
Posts: 1140
Founded: Dec 01, 2020
Inoffensive Centrist Democracy

Postby Repreteop » Tue Mar 19, 2024 11:53 am

I would suggest you just stay away from partisan politics lol. I religiously do that and I generally recently just ignore politics.
skibidi toilet gyatt sigma rizz olympics in fortnite only in oklahoma goofy ahh cincinnati frozone type shit

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Emotional Support Crocodile
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Posts: 4667
Founded: Jun 06, 2022
New York Times Democracy

Postby Emotional Support Crocodile » Tue Mar 19, 2024 11:55 am

Celritannia wrote:Trump needs a $464m bond in six days. What if he can't get it?
By Madeline Halpert
BBC News, New York
Donald Trump's lawyers are asking a New York court to put a $464m (£365m) fine in a civil fraud case on hold, as the former president finds himself in a precarious financial situation that could ultimately see his most prized properties taken.

If Mr Trump wants to continue his appeal in the case, he must submit the full amount in cash or secure a bond from a private company by 25 March.

But on Monday, his lawyers said that despite their "diligent efforts" it had been "practically impossible" to find a company willing to act as a guarantor of the full sum and asked for a pause.

"We really are in a moment of serious crisis for Trump personally, as well as for his business," said Professor Will Thomas from the University of Michigan Ross Business School.

So with the clock seemingly ticking, here's what could happen next in the case.

1) Trump gets a pause
A panel of appeals court judges will decide by 25 March whether the $464m judgement can be paused while Mr Trump appeals.

This would be a best case scenario for the former president, who is no doubt eager to avoid having to pay an estimated 16% of what Forbes reports is his $2.6bn net worth.

The fact that Mr Trump has assets in the state of New York that can be seized, however, could reassure a court that he would be able to pay the penalty if he lost the appeal, according to Mr Thomas.

"I think it is very likely that he will get some kind of stay - unless they find some other stopgap option," he told the BBC.

Renato Mariotti, a lawyer who represents large real-estate developers, said it was hard to predict how the court would treat a former president.

"But my clients wouldn't get a pause," he said.

2) A compromise option
The New York appeals court could come back to Mr Trump with a middle-of-the-road option, experts said.

The court could require Mr Trump to post a bond of a smaller amount while he appeals against the ruling.

Mr Trump, however, has already asked an appeals court to allow him to post a bond covering $100m instead. His lawyers argued he would "suffer irreparable harm" if forced to pay the full sum up front.

That request was rejected by a judge.

Alternatively, the court could ask Mr Trump to sign a sworn statement saying he has assets in New York and understands they could be seized if he loses the appeal, Mr Thomas said.

Ultimately, if Mr Trump does not get a pause and the court offers no compromise option, he could appeal directly to New York's Court of Appeals.

But with a deadline of 25 March to pay the judgement or post a bond, he is working on a tight timeline.

3) He secures a bond
Mr Trump could still find a way to secure a bond - for a fee - if his request for a stay is rejected, although according to his lawyers, this could be difficult.

The bonding company would be agreeing to pay the financial penalty if Mr Trump loses his appeal and cannot do so himself.

But his legal team said they had already approached 30 companies without success.

To secure a bond, an individual has to demonstrate to the company providing the guarantee that they have enough liquidity - usually in the form of cash plus stocks or securities which can be sold quickly - to cover the amount.

Mr Mariotti said the fact he could not secure a bond could mean two things: "Trump is not nearly as wealthy as he has led the public to believe - or he didn't prepare for this possible judgement."

4) Mr Trump pays the penalty
Without a bond to cover the full amount, Mr Trump could attempt to pay the judgement with his own money.

He told a court last year that he had $400m in liquid assets.

To get cash quickly to cover the rest of the fine, experts said he could try to refinance his properties or quickly sell some of his assets - but selling real estate properties could take time.

He could also declare bankruptcy, which would allow him to avoid paying the judgement.

But bankruptcy could be costly - and prove a hit to Mr Trump's reputation in an election year, Mr Thomas said. "Practically, it's the most devastating thing that Donald Trump could ever do to his self image," he said.

5) New York takes Trump's assets
If Mr Trump cannot find a way to pay the fraud judgement or secure a bond by 25 March, the New York Attorney General Letitia James can begin to collect the fee and take his assets.

She has said she will do so if he fails to pay.

Experts say this is another worst case scenario for Mr Trump, as he could lose some of his most famous properties.

They can take any of his buildings - not just those in New York - including the 58-floor Trump Tower and his sprawling Florida club, Mar-a-Lago.

The glitzy New York buildings that Trump could lose
Ms James would likely not sell these assets until the appeals process is over, Mr Thomas said. This is because if she were to lose the appeal to Mr Trump, her office would have to pay him back after losing value on properties they sold quickly.

But if Ms James does eventually sell the assets, there would be a court-ordered process to do so, with the first $464m going to New York state to pay the judgement, and any money left over going to Mr Trump, said Mitchell Epner, an attorney who handles commercial litigation.

Mr Epner said the state could seize multiple assets, as none of Mr Trump's properties on their own appear to be worth $450m.

With additional reporting from Nada Tawfik

Related Topics


They should measure them very carefully when valuing them.
Just another surprising item on the bagging scale of life

Only 10 minutes to save the West... but I could murder a pint

When you are accustomed to privilege, equality can feel like oppression

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