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TwiceHorn

Certifiably Surly
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Everything posted by TwiceHorn

  1. Can we get back to priests and cannibals, prehistoric animals...?
  2. Well there are certain investments that are utterly unavailable to most that serve very little purpose in the capital markets except to make banks and similar more money. Which arguably very arguably, makes them better available to serve capital markets through more conventional vehicles that still bear some relationship to raising capital and lending. Short selling stock is not really one of those but it can be very risky and most retail investors don't indulge in it. Put options are a pretty similar way to bet on a stock going down or short, and is more common among retail investors.
  3. Short sales apply downward pressure on the price of an over-valued stock. Just plain sales of a stock do, but less so. Yes, the stock market/financial markets are a big load of bullshit, but short selling has been around for a long time and is regarded as a "price discovery mechanism." That is, it helps the market figure out the best or right price for a stock. ETA I am not trying to change your opinion, just give you another data point. I fully agree that the market is D&D for rich fuckers, but in the grand scheme of things, short selling is on the legitimate and long-standing transactions, compared to say, credit default swaps on CDOs.
  4. For a fully legal short sale, you borrow the shares you sell, and it is the borrowing contract that obligates you to cover, that is, return the shares to the party from whom they were borrowed, you hope purchased at a lower price. Naked shorts, without the borrowing part, are illegal but still happen. Surprise.
  5. Haha no. But like a lot of things in actual courtroom time before a jury, the penalty is self-executing: nodding off tends to put off jurors. They're sitting there listening and the fucking defendant can't keep from nodding off?
  6. Well, sadly, the Dallas court of appeals affirmed the summary judgment in favor of Sidney Powell. Read it and weep. https://search.txcourts.gov/SearchMedia.aspx?MediaVersionID=430b390e-0f80-43e2-9d6b-53a97caf9fb9&coa=coa05&DT=Opinion&MediaID=e591d629-9c76-4d77-920d-f04faab58bf7 The main thrust of the opinion is that the Bar irretrievably fucked up the exhibits and the one they didn't fuck up, the Georgia complaint with the attached misrepresented exhibits, did not sufficiently show a knowing misrepresentation. The three-judge panel was entirely Democratic justices. Sucks.
  7. Some good stuff there and citations/links to other good stuff. Funny thing, I had half-heartedly searched for critiques/contrary views but the channel is so flooded with bullshit right-wing sites repeating the same shit that it is difficult to find anything else. This is a common thing these days, but for whatever reason, I lacked the diligence to track down any contrary views.
  8. Well, actually no. I may be an above-average student of WWII history, but he did not say he was eaten by cannibals. He said he was shot down on NG, which is a slight miss, and that there were cannibals on NG, which is 100% true. Compared to some of the shit Trump has said, about current events, on a near daily basis, it's kind of a gaffe. There were and are cannibals on the island of New Guinea. They even caused a variant of CJD because of it. Mad cannibal disease.
  9. He was also wrong, apparently, about his uncles' enlistment dates: it wasn't after D-Day, it was after Pearl Harbor. Big fucking deal.
  10. Yeah, you're high and you have fucked up news sources. Yeah, it appears that it probably wasn't cannibals, but that's far from an impossibility. New Guinea has had cannibals forever. https://www.livescience.com/51191-cannibalism-prions-brain-disease.html
  11. We should probably be clear that Michael Cohen was charged with quite a bit more than campaign finance violations, including the "headshot," bank/mortgage fraud. Although it is true that he pled guilty to all of the offenses charged, I'm pretty sure the campaign finance violation was pretty low on the priority list of avoiding trial and conviction. Kinda like using marked cards in the list of Tuco Ramirez' offenses.
  12. Even despite his recent insanity, when he was speaking to courts and legislatures during the peaceful part of the insurrection, he was smooth and articulate. You could see at least glimpses of who he was.
  13. Unless there's something from social media or otherwise that indicates a clear bias, the magic words from a juror are "yes, I can be fair and unbiased."
  14. He posted a $5M and $83M bond in each of the Carroll appeals. Probably has something to do with why he's low on cash.
  15. Judge Lucius Desha Bunton of the Western District of Texas, RIP, had a number of rules about how lawyers could walk around the courtroom and how witnesses behave. He enforced the rules with a water pistol. At first.
  16. Yeah, as with most things Trump, it's an all-new situation. Who knows what the judge will do, but he seems pretty sharp.
  17. It's highly unusual. Most defendants are not stupid enough to make antagonizing comments about or towards a potential juror. Lawyers actually spend some time coaching demeanor during a trial, but Trump just can't help himself, obviously. Pretty much everyone gets a warning before the hammer comes.
  18. The LOI says it is secured by the assets of the DJT Trust. The Schwab account appears to be an asset of the DJT Trust. So, they are second in priority to themselves, at least according to the LOI. So, if the LOI embodies the true security interests pursuant to that loan AND the loan defaults before a claim matures on the bond (the appeal affirms the judgment in excess of $175M), then they are under- or unsecured on the bond. But, as long as the bond/undertaking obligates Knight to pay on the bond, the conditions of their security interests against Trump are pretty much irrelevant unless there's evidence they don't have the assets to pay. If Knight has the money to pay and wants to make a dumb deal with Trump, that's I think pretty much their business.
  19. Sorry, earlier I called you Texas Ed.
  20. That wasn't the actual objection. But part of the insurance accreditation/certification process is or would have been to show reserves and solvency sufficient to support the type of business they are doing. So I suppose that was implicit in the objection to the bond
  21. Actually, from the objection raised by James office, it was just KSLs ability to do insurance business of this nature in NY. The rest of it seems to be overkill.
  22. He can't, as a broad notion, secure with the account. He'd have to liquidate it and bring a cashiers check to the clerk of the court. The supersedeas bond or undertaking is cash in everything but name, in most jurisdictions. The only thing Trump saves is taxes upon liquidation. Really only delaying that, assuming the judgment is affirmed to the tune of 175M.
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