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Cairn Horn88

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8 hours ago, TexasEd said:

I thought Knight had to prove they were solvent and could pay the $175M on demand and not go out of business waiting for the collateral to be liquidated and turned over.

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 

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Yes, they “went there”. Probably a good idea to use their opponent’s affair with porn star (and cheating on his third wife right after she gave birth to their son) to their advantage. Considering that’s something that up to this one particular person would have ended anyone else’s candidacy by itself.

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whole thread from threadreaderapp: https://threadreaderapp.com/thread/1780104944164446396.html?utm_campaign=topunroll

Spoiler
BREAKING NEWS: Early signs suggest that Trump’s Monday night bond filing *may* have again misled the court. It says Hankey now has a security interest of $175M in “DJT Trust”—but Hankey’s Axos Bank *already* has a $100M interest in DJT Trust. Is Trump double-dipping? @KatiePhang
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1/ Some wondered why Trump went to Hankey’s Knight rather than Hankey’s Axos. It certainly *could* be to swindle the court into thinking him having $175M secured with Hankey is sufficient, when it fact he likely needs at least *$275M* in that Trust to not be misleading the court. 
2/ And this is early research—Axos has lent to Trump multiple times, so we’ve no idea how many times he’s used DJT Trust as liquid collateral (including any double-dipping). We *do* know Trump has Bud Light stock in the Trust, which is why he now opposes his MAGAs’ boycott of it. 
3/ The documents I posted are from the website of the New York Attorney General, by the way. 
4/ We also need to know if Ivanka is now (or still) a trustee of DJT Trust, as Hankey’s Axos Bank *also* lends to her spousal unit—in the form of Jared—and so one wonders if any of Jared’s loan paperwork with Axos Bank includes Ivanka’s assets, which could be more double-dipping. 
5/ Is it possible that the Trump Schwab account known as the “DJT [Revocable] Trust” has the $275M *minimum* Trump needs to be in it? Uh...sure. But you certainly would *not* think it does from this 2023 financial disclosure. The math is not mathing, here.
6/ Here is the same document at the NYT. int.nyt.com/data/documentt…
7/ Okay, so this is looking very bad for Donald Trump. He says in his Monday night filing that the Schwab account has $175.3 million *in total*, so *if* Axos Bank is depending on that same account for a (semi-)liquid $100M in collateral on another loan, this bond filing is DOA.
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8/ You’ve got to be kidding me. The collateral Trump says he gave Hankey a security interest in...

...is the same fund he used to pay off Stormy Daniels. So the use of *that very funding source* is the subject of a *criminal trial* right now.

 

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Hard to keep up with this thread the last couple days. Have any of our criminal lawyer brethren opined on how this goes?

I’m betting there’s a sleeper maga juror, hung jury and it winds up n a mistrial where tfg walks. Because that’s how this timeline works.

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3 minutes ago, The Dog said:

whole thread from threadreaderapp: https://threadreaderapp.com/thread/1780104944164446396.html?utm_campaign=topunroll

  Hide contents
BREAKING NEWS: Early signs suggest that Trump’s Monday night bond filing *may* have again misled the court. It says Hankey now has a security interest of $175M in “DJT Trust”—but Hankey’s Axos Bank *already* has a $100M interest in DJT Trust. Is Trump double-dipping? @KatiePhang
Image
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1/ Some wondered why Trump went to Hankey’s Knight rather than Hankey’s Axos. It certainly *could* be to swindle the court into thinking him having $175M secured with Hankey is sufficient, when it fact he likely needs at least *$275M* in that Trust to not be misleading the court. 
2/ And this is early research—Axos has lent to Trump multiple times, so we’ve no idea how many times he’s used DJT Trust as liquid collateral (including any double-dipping). We *do* know Trump has Bud Light stock in the Trust, which is why he now opposes his MAGAs’ boycott of it. 
3/ The documents I posted are from the website of the New York Attorney General, by the way. 
4/ We also need to know if Ivanka is now (or still) a trustee of DJT Trust, as Hankey’s Axos Bank *also* lends to her spousal unit—in the form of Jared—and so one wonders if any of Jared’s loan paperwork with Axos Bank includes Ivanka’s assets, which could be more double-dipping. 
5/ Is it possible that the Trump Schwab account known as the “DJT [Revocable] Trust” has the $275M *minimum* Trump needs to be in it? Uh...sure. But you certainly would *not* think it does from this 2023 financial disclosure. The math is not mathing, here.
6/ Here is the same document at the NYT. int.nyt.com/data/documentt…
7/ Okay, so this is looking very bad for Donald Trump. He says in his Monday night filing that the Schwab account has $175.3 million *in total*, so *if* Axos Bank is depending on that same account for a (semi-)liquid $100M in collateral on another loan, this bond filing is DOA.
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8/ You’ve got to be kidding me. The collateral Trump says he gave Hankey a security interest in...

...is the same fund he used to pay off Stormy Daniels. So the use of *that very funding source* is the subject of a *criminal trial* right now.

 

Oh wow, how completely unforeseeable! Trump is using a firehose of fraud to slow down the court and continue to delay justice with seemingly zero penalty? UNPOSSIBIBBLE!!!

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3 minutes ago, Chad Fuck said:

Hard to keep up with this thread the last couple days. Have any of our criminal lawyer brethren opined on how this goes?

I’m betting there’s a sleeper maga juror, hung jury and it winds up n a mistrial where tfg walks. Because that’s how this timeline works.


Not a lawyer. And I didn’t stay at a Holiday Inn Express either… so take this for what it is.

Even if he’s convicted, the novel application of the New York law that would make the filing of false business reports a felony will likely be overturned on appeal.

He never gets more than a misdemeanor for this.

But he does spend 2 months in a courtroom instead of running for President. The optics of him sitting in a courtroom are also pretty shitty.

Will people care come November? My guess is also no b/c in 2024, the recent past means 30 minutes ago.

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44 minutes ago, Chad Fuck said:

I’m betting there’s a sleeper maga juror,

From what I've seen of MAGA, none of their ilk is subtle enough to pull that off.  The only sleeper we've seen so far is Droolin' Donald.

Edited by dcbc
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1 hour ago, Captainant said:

Oh wow, how completely unforeseeable! Trump is using a firehose of fraud to slow down the court and continue to delay justice with seemingly zero penalty? UNPOSSIBIBBLE!!!

Are they extending the original 10-day extension/deadline every time there's an issue with the filing.  Or is he simply exposed without a bond at this point?  That order didn't stay the appeal outside of that now-expired ten-day extension, did it?  I haven't paid as close of attention to this lately.

Edited by dcbc
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42 minutes ago, Dnaguy said:


Not a lawyer. And I didn’t stay at a Holiday Inn Express either… so take this for what it is.

Even if he’s convicted, the novel application of the New York law that would make the filing of false business reports a felony will likely be overturned on appeal.

He never gets more than a misdemeanor for this.

But he does spend 2 months in a courtroom instead of running for President. The optics of him sitting in a courtroom are also pretty shitty.

Will people care come November? My guess is also no b/c in 2024, the recent past means 30 minutes ago.

Good thing this is his only trial!

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Prosecutor: "Yes, Panel Member 45, do you think the defendant's notoriety in any way impacts your ability to view the facts of this case impartially?"

 

Panel Member 45: "I do not recognize the authority of a court that hangs the gold-fringed flag. A flag with gilded edges is the flag of an Admiralty court. An Admiralty court signifies a Naval court-martial. I cannot be court-martialed twice. that is all."

 

 

 

 

Panel Member 45.jpg

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9 minutes ago, Don Johnson said:

 

"Mr. Trump, do you recognize those 2 jurors from that show 'Beavis & Butthead'?"

-No, I was too busy being famous back then and grabbing pussy.  Or wait, do you mean Don, Jr. & Eric?"  

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Fucker fell asleep again this AM: https://www.mediaite.com/trump/trump-fell-asleep-again-at-day-two-of-hush-money-trial/

Quote

Several reporters in attendance at former President Donald Trump’s hush money trial shared on the air and social media that for the second day in a row, Trump fell asleep in court.

CNN contributor Norm Eisen tweeted on Tuesday: “Trump is asleep again” at nearly 11:00 AM. And his account was corroborated by others on site. During an on air hit in the 10 a.m. hour, MSNBC’s Yasmin Vossoughian passed along contributor Lisa Rubin’s observation of Trump as having his eyes closed and “leaning to the left.”

Law360’s Frank G. Runyeon had a detailed play-by-play of Trump allegedly dozing off. On Twitter/X, he wrote: “Trump’s head slowly dropped, his eyes closed. It jerked back upward. He adjusts himself. Then, his head droops again. He straightens up, leaning back. His head [droops] for a third time, he shakes his shoulders. Eyes closed still. His head drops. Finally, he pops his eyes open.”

 

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2 minutes ago, Chad Fuck said:

Sleepy Donald.  Episode 59 bajillion in the series "Every Accusation is a Confession." 

This actually might be the thing that sinks his campaign.  We gotta have some video though. 

 

Just wait until Stormy testifies about the 45 seconds of the toadstool game they played. He'll fall asleep right afterward.

Edited by dcbc
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Just now, dcbc said:

This actually might be the thing that sinks his campaign.  We gotta have some video though.

I can hear the VoiceOver now:

Poor Donnie, he doesn't have the stamina to stay awake at his own criminal trial at 11am.  Will he be asleep when the Norks launch their nukes at us [at whatever parade of horribles here]?  

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2 hours ago, Captainant said:

Oh wow, how completely unforeseeable! Trump is using a firehose of fraud to slow down the court and continue to delay justice with seemingly zero penalty? UNPOSSIBIBBLE!!!

Note to self: Anytime I am in legal trouble, just keep filing things. The legal system has to go through the motions. 

 

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4 minutes ago, dcbc said:

This actually might be the thing that sinks his campaign.  We gotta have some video though. 

Just wait until Stormy testifies about the 45 seconds of the toadstool game they played. He'll fall asleep right afterward.

I know in the federal trials, no cameras.  But do New York State criminal courts allow cameras?  

Otherwise, you gotta rely on the court sketch art to capture the Art of the Nap.  But bad news and worse news.  His followers will claim it's a fake sketch and threaten the guy's family.  And the artist will run out of orange long before Trump wakes up anyway.  

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2 minutes ago, Neonmoon said:

Note to self: Anytime I am in legal trouble, just keep filing things. The legal system has to go through the motions. 

 

Or just don't cross every 'T' nor dot every 'I' and you're then allowed to "correct" your mistake, which (I am Jack's complete lack of surprise) takes more time.

This is very calculated. It's basically the court-equivalent to icing the puck or killing a penalty in hockey.

Edited by C-Man
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11 minutes ago, Neonmoon said:

Note to self: Anytime I am in legal trouble, just keep filing things. The legal system has to go through the motions. 

 

Unless you're expecting to be elected President and become immune (or be able to grant yourself a pardon), it just means you end up paying more in legal fees over stuff you're going to lose. 

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2 hours ago, The Dog said:

whole thread from threadreaderapp: https://threadreaderapp.com/thread/1780104944164446396.html?utm_campaign=topunroll

  Hide contents
BREAKING NEWS: Early signs suggest that Trump’s Monday night bond filing *may* have again misled the court. It says Hankey now has a security interest of $175M in “DJT Trust”—but Hankey’s Axos Bank *already* has a $100M interest in DJT Trust. Is Trump double-dipping? @KatiePhang
Image
Image
1/ Some wondered why Trump went to Hankey’s Knight rather than Hankey’s Axos. It certainly *could* be to swindle the court into thinking him having $175M secured with Hankey is sufficient, when it fact he likely needs at least *$275M* in that Trust to not be misleading the court. 
2/ And this is early research—Axos has lent to Trump multiple times, so we’ve no idea how many times he’s used DJT Trust as liquid collateral (including any double-dipping). We *do* know Trump has Bud Light stock in the Trust, which is why he now opposes his MAGAs’ boycott of it. 
3/ The documents I posted are from the website of the New York Attorney General, by the way. 
4/ We also need to know if Ivanka is now (or still) a trustee of DJT Trust, as Hankey’s Axos Bank *also* lends to her spousal unit—in the form of Jared—and so one wonders if any of Jared’s loan paperwork with Axos Bank includes Ivanka’s assets, which could be more double-dipping. 
5/ Is it possible that the Trump Schwab account known as the “DJT [Revocable] Trust” has the $275M *minimum* Trump needs to be in it? Uh...sure. But you certainly would *not* think it does from this 2023 financial disclosure. The math is not mathing, here.
6/ Here is the same document at the NYT. int.nyt.com/data/documentt…
7/ Okay, so this is looking very bad for Donald Trump. He says in his Monday night filing that the Schwab account has $175.3 million *in total*, so *if* Axos Bank is depending on that same account for a (semi-)liquid $100M in collateral on another loan, this bond filing is DOA.
Image
Image
8/ You’ve got to be kidding me. The collateral Trump says he gave Hankey a security interest in...

...is the same fund he used to pay off Stormy Daniels. So the use of *that very funding source* is the subject of a *criminal trial* right now.

 

Someone explain this to me like I'm 5. The 11/8/21 Letter of Interest appearing to set out possible terms for $100M loan lists the collateral as 725 4th Ave., New York, NY, which I believe to be Trump Tower. The $175M bond filings say it is secured by collateral in the form of a Schwab account with $175M in cash. What does Trump Tower being used as collateral on a $100M loan a couple years ago have to do with a Schwab account being pledged to secure the $175M bond?

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8 minutes ago, gernblansten said:

Someone explain this to me like I'm 5. The 11/8/21 Letter of Interest appearing to set out possible terms for $100M loan lists the collateral as 725 4th Ave., New York, NY, which I believe to be Trump Tower. The $175M bond filings say it is secured by collateral in the form of a Schwab account with $175M in cash. What does Trump Tower being used as collateral on a $100M loan a couple years ago have to do with a Schwab account being pledged to secure the $175M bond?

IMG_5326.gif.b0d825515a9a6a0557c56a00748d32af.gif

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13 hours ago, Pato del Muerto said:

So how much is it costing him to secure this bond with that account instead of just using the account to pay the bond? And why?

Why?  Because the bonding fee is the only thing they're getting from him.  He'll move that money out before they can collect on it and leave Knight holding the bag.  And Knight will be really, really surprised.  Because he promised he wouldn't do that.  And Knight will go under.  The end.

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13 hours ago, The Dog said:

Remember the problem wasn’t Trump’s collateral - it was Knights ability to pay if he stiffed them (which he will).

And with only $139 million in equity, Knight cannot satisfy the bond on their own.

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5 minutes ago, dcbc said:

This actually might be the thing that sinks his campaign.  We gotta have some video though. 

Lol, right. The audio of his “grab ‘em by the pussy” comment didn’t do it. Video of him shooting someone on Fifth Ave wouldn’t do it. His base is bereft of standards, values, or fixed principles of any kind. No decent person supports Trump.

Its sad but true. It also makes them totally predictable. There is no bottom. Nothing that will change their minds. 

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13 hours ago, Jiggy-Z said:

Don't know, but my twin brother got in a wreck with their lead singer back in the late 80s. It was Butthole Surfer guys fault and he didn't have insurance so he gave my brother a bunch of cash on the spot.

It was just a fender bender, but my asshole brother pocketed the $ and never got the bumper fixed.

Butthole Surfers went to Trinity.  That is where the band was formed.  Fun fact.

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1 hour ago, gernblansten said:

Someone explain this to me like I'm 5. The 11/8/21 Letter of Interest appearing to set out possible terms for $100M loan lists the collateral as 725 4th Ave., New York, NY, which I believe to be Trump Tower. The $175M bond filings say it is secured by collateral in the form of a Schwab account with $175M in cash. What does Trump Tower being used as collateral on a $100M loan a couple years ago have to do with a Schwab account being pledged to secure the $175M bond?

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.

 

 

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23 minutes ago, TwiceHorn said:

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.

 

 

If the filing from yesterday is accurate, Knight doesn't have the money to just pay the $175 million.

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24 minutes ago, TwiceHorn said:

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.

 

 

I think the point is they may not have 175M liquid to get fucked over by Trump and still be solvent in NYC, which is a good point.

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