24/02/2024
There are some signs that this might put our former president in a bit of trouble. He needs to post the bond to appeal the judgment, and if he has the cash (like I remember him claiming he did at one point), that's not a problem. If he does not, he needs to get a loan, except no bank that does business in New York state can help him, due to the nature of the judgment, and all his New York assets are probably tied up in his New York businesses, which, I think, he can't access. That leaves assets outside that state. You'd think Mar-A-Lago might be able to help, but it might already be encumbered by a mortgage for large part of its value. So, we're basically asking banks if net-value of the former president is more than $350 million. The answer might suprise some of his supporters.
Also, the real chef's kiss of the judgment is 3 years of active scrutiny Trump's finances. I'd be surprised if that didn't reveal more interesting twists.
Correction: he has to post the bond if he wants to stop the collection process.
Donald Trump has made a desperate, last minute gamble to delay paying the massive fraud judgment.