Wow, someone actually finally managed to force Trump to pay a bill.
I hope she sues him again.
I’m pretty sure she will, using the brand new NY Adult Survivors act.
Someone paid it. Not entirely convinced it was directly from Trump.
It was definitely not directly from Trump.
Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.
Let me save you some trouble:
Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world
Wouldn’t be the first time Trump has paid good money for a chubb
Of course it’s the Chubb group. Of course. It’s funny they are supposedly a huge corp, but the only time I hear about them is when they’re meddling and buying politicians
I would love to know about more instances about this.
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I wonder what kind of insane terms are on that loan
Not that it would matter. Trump doesn’t honor agreements.
Exactly. So what kind of terms would it take for someone to loan nearly 100m to someone like that?
Well, not financially anyway. Maybe a promise for a future political favor if he wins? Not that I’d accuse a Swiss financial interest of working with fascists…
I think he probably put up a building or two as collateral, kind of like a HELOC. If it’s not paid back, they repo the building(s).
I hope they got their own appraiser, because the Trump org is infamous for making up numbers. Better check the paperwork at city hall, too, to make sure there are no undisclosed mortgages, leans, or easements on the property.
An institution capable of making risky loans of substantial size certainly should have high quality risk and valuation assessment capabilities.
I imagine it’s fairly standard boilerplate for the situation ‘You must install corporate fascism and give me a job with medals and stuff if we manage to lie and cheat you into power again’
so some of us premium payers took the risk, and he could send us a personal letter like he did when “He” sent us Covid Relief Checks.
Trump’s broke. That’s why he put Lara trump as co chair and you hear that some ppl want the RNC to pay donnie’s bills even though that would mean less money for down ballot candidates. Basically means about a billion needed and it would fuck the GOP in congress. I hope they go bankrupt.
Ivanka fell out of favor?
From the NY fraud case testimony and word on the street, she’s distancing from daddy. She sees the writing on the wall. Plus, kushner got 2 billion for the Saudis so she don’t need his money/ connections.
I think you misunderstood their statement: Trump wants Laura to help him fuck the RNC, whereas Ivanka he just wants to fuck.
some ppl want the RNC to pay donnie’s bills even though that would mean less money for down ballot candidates
The catch is that Trump’s a prodigious fundraiser for the party. So not putting Lara on the co-chair spot could conceivably mean she runs of and does independent fundraising at the RNC’s implicit expense.
Basically means about a billion needed and it would fuck the GOP in congress.
I hate to say it, but Trump’s coat-tails alone are probably worth a billion in GOP organizing and advertising. His base loves him and his name at the top of the ticket will get out far more votes in 2024 than the GOP received in 2022.
Thanks for this nightmare take.
This combined with the inability of the DNC to come up with any sort of unified messaging other than defeating Drumpf is terrifying.
For Putin, a small price to pay if it means solidifying his grasp on American politics.
Someone paid it. Not entirely convinced it was directly from Trump.
Isn’t he under financial monitoring due to the NY case? Am I mistaken?
An insurance company named Chubb put up the bond money and they are not under financial monitoring.
https://www.chubb.com/us-en/surety/transactional.html
Yeah so he must have signed over some collateral.
Putin is worth $200 billion. Easily enough to cover all of Donnie’s expenses. Vlad wants Donnie in the White House, and will settle for complete chaos in the West. If the GOP collapses, there will plenty of Lorena Booboos running around at the state level. Think of what the real Lorena has done, then multiple by 100.
I mean, he’s under serious financial scrutiny right now. Its not clear to me that this would even be possible.
Time to short Chubb.
Ooo getting a chub at the thought
That doesn’t necessarily make it public. In the NY case I remember reading that if someone paid the $354m bond even that wouldn’t necessarily be transparent as to who paid it.
Sure but there is a court appointed monitor. Like, some one knows who is empowered to raise a flag if its clearly shady?
Right?
right?
Not him personally, but his companies are.
My understanding is that the distinctions are a bit grey insofar as how they are managed, but sure.
Its not clear to me he has any real kind of money laying around at this point. Maybe he does.
He’s still not actually paying her. He’s just securing a bond that lets him avoid paying while he seeks an appeal. Just keep kicking the can down the road.
“Donald J. Trump on Friday posted a $91.6 million bond in a defamation case he recently lost to the writer E. Jean Carroll, staving off a potential legal and financial disaster just days before a deadline to secure the deal. The bond, provided by an outside insurance company, will prevent Ms. Carroll from collecting the judgment while Mr. Trump appeals.”
The bond, provided by an outside insurance company,
Someone better name some fucking names, cause I wanna make sure I don’t do business with an insurance company that is that bad at risk assessment.
Chubb is the underwriter
Fuck.
“We look for ways to say yes”
…………
Small price to pay for a Corp who may get a president to owe them a favor.
Funny to say that about what, 1-2M? That’d change all our lives. But that’s a rounding error for them
The company who gave Trump $92MILLION is run by one of Trump’s Former White House Advisors which is PROOF that DEMOCRATS are the Swamp!
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Does Lemmy have an r/whoosh equivalent?
I don’t think we need a community we can just say whoooooooooosh
It is pretty fun… WHOOOOOOOSH!
I think he’s being sarcastic
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He’s just securing a bond that lets him avoid paying while he seeks an appeal.
Forcing Trump to come up with $92M he doesn’t have so he can’t completely welch when his appeals fail is funny enough that it was probably worth Carroll’s time.
She’s going to get her money now though. I wonder what sort of collateral he had to put up to secure this bond. I don’t know if I’d want to be the insurance company trying to get that collateral back after all his legal cases leave him bankrupt.
True, but in order to get that bond, he had to put up collateral.
Right, not disputing that at all. I’m just saying he’s (or whoever is footing the bill) a long way from actually paying anyone their due.
The point of the bond is that if the appeal fails, the court just hands the money over - shes probably more likely to see the cash this way than if he didn’t appeal.
Appeals court doesn’t give you a “do over” - they don’t try the case again, they don’t re-decide facts. Appeals court lets you argue that the previous court made an error in procedure. Given how competent Carrols’ lawyers were and how totally incompetent Trump’s were, I doubt they will be able to find anything.
So whats the end game? Like ofc delay, but I don’t get it unless this is like the Saudis taking a multi-billion loss on helping Muskovitch aquire Twitter cuz there’s no limit to the upside of them dismantling an ongoing threat to them.
Like his debt and legal problems are nothing on the nation-state actor level, this is all horrifying in that light. Lots of dirty, dumb shit happening. His appeals are hopeless, he must be planning on violently dismantling their abillity to enforce it
So whats the end game?
Win or steal the presidency, and convert the position to king, probably.
Basically this. His endgame plan is “become president, get the DOJ or Congress or the SC to rule he can’t be made to pay for anything”.
He’s not playing 4D chess. This isn’t some master plan. He is appealing because his choices are:
- Appeal, put the bond up, hope he can stall for a while and maybe something comes up, probably loose later
- Accept the verdict, loose now and either;
- Pay the judgement
- Refuse to pay the judgement and have people who cannot be threatened, bullied or argued with come seize assets
I’m more referring to whoever’s enabling this by doing his bond for him, how do they expect to be paid back? He’s lost the 2 (maybe 3) battles of this “war” already
- $90 million isn’t that much money if you are a large company and want the president of the US to owe you a favour.
- The CEO of Chubb had a pretty cushy white house role under trump, maybe this is a favour being repaid at the expense of Chubbs shareholders
Either way, most other countries call this corruption
Chubb Tower has a ring to it.
“never quit” is His Thing
At this point Trump is trying to delay everything he can until the presidential election, because he’s hoping that he’ll win again which will give him some kind of immunity against civil and criminal prosecution for another four years. I assume he thinks he’ll get into power and arbitrarily change laws to try to exonerate himself, despite the fact that that won’t really work because he’s being sued/tried under state laws, but I don’t think he’s smart enough to figure that out.
Also he will sell himself and the country to whoever will pay in a way that he can get it. Then use that to pay off his bills. Plus, I don’t think he plans on ever leaving the white house if he gets in this time. And at his age, he might be right, just in a different way than he imagines.
Fair point.
Did he actually, though?
Can he pardon himself from civil suits?
He can’t pardon himself for anything.
He can’t pardon himself for anything.
Sure thats the real world answer, but does he believe he can pardon himself for it if he gets re-elected?
I think he believes he can do anything.
He definitely wants the story of being adjudicated a rapist to stay in the news through the whole campaign.
BTW, $91 million is ₽8,249,150,000 (rubles) according to the current exchange rate. Give or take…337,000,000 Saudi rials
Who paid?
A Hill and Axios didn’t know.
NJT didn’t know.
See BS didn’t know.
Newspeak didn’t know.
Forged didn’t know.
But CNN says:
Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.
Didn’t he meet with Elon yesterday? I wonder he’ll come up with the $450 million soon too
got Kompromat?
Elon and Trump both pictured with Ghislaine Maxwell— both doing Putin’s bidding
Trump is a Putin fanboi. He doesn’t need kompromat to do Putin’s bidding.
Trump is the most famous rapist in the world.
Nah, don’t let him have that, it’ll go to his head like everything else. I’m sure there’s more famous rapists.
Ted Bundy for example.
When you’re poor accusation is guilt and you sit in prison without trial for years. When you’re rich, losing in court is just the beginning of negotiations.
Didn’t he borrow that money from some CEO friend of his?
From a Russian fund
Ahhh, daddy big bucks
Next. Get that half a billion ready, chump.
This is the best summary I could come up with:
Former President Donald Trump has posted a $91.63 million bond as he appeals the judgment against him in the E. Jean Carroll defamation case.
The notice of Trump’s bond and appeal was made with the federal court in New York on Friday.
In January, a federal jury awarded Carroll $83.3 million in damages as a result of Trump’s defamatory statements denying he raped her, saying she wasn’t his type, and accusing her of making up the allegation to boost sales of her book.
Trump also faces a March 25 deadline to put up another $454 million in the New York attorney general’s civil fraud case.
In Carroll’s case, Trump has argued that the jury award is excessive and should be reduced.
During the trial, Carroll’s lawyers told the jury that Trump should be punished with a large number in damages so that it actually gets him to stop his defamatory behavior.
The original article contains 189 words, the summary contains 150 words. Saved 21%. I’m a bot and I’m open source!
What an amazing coincidence that these two things happen in the same day. https://apnews.com/article/republican-national-committee-trump-whatley-legal-fees-53402f8e8ac845db3cf4ab82c882ea74
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