[Tom Bishop]

This must be a pretty big cult if Trump is even or leading in the polls.

Once New York seizes his assets we're going to have a flood of interviews with real estate developers which go exactly like this:

[AATW]

This must be a pretty big cult if Trump is even or leading in the polls.

Well yeah, it is. I mean, he won in 2016. Not just because of his cult - it's big, but not big enough to win an election on its own. He benefitted from quite a sizeable "anyone by Hillary" vote too.
He lost in 2020 because there was a more palatable opponent.
Unfortunately that opponent is now considered unfit for office. I mean, I don't think Trump is fit for office either, in a different way. As always, The Simpsons showed us the way...

[Action80]

^Claims the Simpsons are an authoritative source on how real lives and procedural actions regarding policy should be conducted.

[Rushy]

It's almost like they went with an insane fine that they knew not even a billionaire could afford because it's a political hit job.

You'd think someone worth....*searches*

https://www.google.no/amp/s/www.cnbc.com/amp/2023/09/08/trump-overstated-net-worth-by-up-to-3point6-billion-per-year-ny-ag-alleges-in-new-filing.html?espv=1

$4.5 billion, per his claim, could cough up the money.

Practically no one has the cash on hand to pay 11% of their net worth to settle a civil suit. Further, it makes very little sense to get upset at someone for overstating their net worth, then fine them more money than you know they can afford (because you were upset at them for overstating their worth!).

It's an obvious attempt to make Trump look bad and it was a huge waste of time. The only thing this case has done to Trump's support is cement his narrative that the "deep state" is out to get him.

[Lord Dave]

It's almost like they went with an insane fine that they knew not even a billionaire could afford because it's a political hit job.

You'd think someone worth....*searches*

https://www.google.no/amp/s/www.cnbc.com/amp/2023/09/08/trump-overstated-net-worth-by-up-to-3point6-billion-per-year-ny-ag-alleges-in-new-filing.html?espv=1

$4.5 billion, per his claim, could cough up the money.

Practically no one has the cash on hand to pay 11% of their net worth to settle a civil suit. Further, it makes very little sense to get upset at someone for overstating their net worth, then fine them more money than you know they can afford (because you were upset at them for overstating their worth!).

It's an obvious attempt to make Trump look bad and it was a huge waste of time. The only thing this case has done to Trump's support is cement his narrative that the "deep state" is out to get him.

Wasn't the fine calculated based on the revenue lost to the bank?

[Action80]

It's almost like they went with an insane fine that they knew not even a billionaire could afford because it's a political hit job.

You'd think someone worth....*searches*

https://www.google.no/amp/s/www.cnbc.com/amp/2023/09/08/trump-overstated-net-worth-by-up-to-3point6-billion-per-year-ny-ag-alleges-in-new-filing.html?espv=1

$4.5 billion, per his claim, could cough up the money.

Practically no one has the cash on hand to pay 11% of their net worth to settle a civil suit. Further, it makes very little sense to get upset at someone for overstating their net worth, then fine them more money than you know they can afford (because you were upset at them for overstating their worth!).

It's an obvious attempt to make Trump look bad and it was a huge waste of time. The only thing this case has done to Trump's support is cement his narrative that the "deep state" is out to get him.

Wasn't the fine calculated based on the revenue lost to the bank?

What revenue?

Lost to what bank?

[Action80]

So much winning!

https://www.bbc.co.uk/news/world-us-canada-68600093

The bond was reduced.

Next up - The appeals court throws out the whole case because it was fucking bogus to begin with.

[Tom Bishop]

Trump's bond was reduced to $175 Million, and there is still a question whether he will even end up paying anything.

Trump's networth also recently increased to $6.4 Billion making him, for the first time, one of the world's 500 richest people.

Looks like he is winning to me.

https://twitter.com/markets/status/1772341311481266619

[Lord Dave]

But Tom, he was on the forbes 500 already.  Are you saying he lied before?

Also, isn't his networth increase due to Truth Social going public and the initial expected stock surge which will likely drop like a stone to its true worth soon after?

[honk]

Also, isn't his networth increase due to Truth Social going public and the initial expected stock surge which will likely drop like a stone to its true worth soon after?

Yes. It's paper wealth in perhaps its most extreme form. Trump can't realize it and it's not going to help him pay his debts or cut any deals with financial institutions.

[Rushy]

Also, isn't his networth increase due to Truth Social going public and the initial expected stock surge which will likely drop like a stone to its true worth soon after?

Yes. It's paper wealth in perhaps its most extreme form. Trump can't realize it and it's not going to help him pay his debts or cut any deals with financial institutions.

Ironically, this case proved he paid his debts to financial institutions. The fine is brought by the state claiming it was fraud to overstate the value of his property to the bank. The same bank that sent assessors to the property and accepted Trump's valuation of it. The debt to the bank is long paid off and they admitted they'd do business with him again.

This case is nothing more than government corruption. "For my friends, everything; for my enemies, the law."

[Lord Dave]

Also, isn't his networth increase due to Truth Social going public and the initial expected stock surge which will likely drop like a stone to its true worth soon after?

Yes. It's paper wealth in perhaps its most extreme form. Trump can't realize it and it's not going to help him pay his debts or cut any deals with financial institutions.

Ironically, this case proved he paid his debts to financial institutions. The fine is brought by the state claiming it was fraud to overstate the value of his property to the bank. The same bank that sent assessors to the property and accepted Trump's valuation of it. The debt to the bank is long paid off and they admitted they'd do business with him again.

This case is nothing more than government corruption. "For my friends, everything; for my enemies, the law."

Did the bank send assessors? 

[Rushy]

Did the bank send assessors?

Apparently not, the bank testified to just taking his word for it. He did, however, pay off the loan. The bank also testified that they automatically reduce any valuations Trump gives them, lmao.

https://apnews.com/article/donald-trump-letitia-james-fraud-new-york-364d1052f98816121000c26dc66f3878

[Tom Bishop]

Still winning.

https://www.businessinsider.com/trump-wealth-tmtg-dwac-billionaires-stock-court-judgment-rich-list-2024-3

[Lord Dave]

Still winning.

https://www.businessinsider.com/trump-wealth-tmtg-dwac-billionaires-stock-court-judgment-rich-list-2024-3

Yep.  He owns some pretty hot stock right now.
But I doubt it'll last.

Also, wow... The man even has to have his name on the stock ticker initials for Trump Media.

Truth Social trades on the Nasdaq Exchange under the stock ticker DJT, the initials of former President Donald J. Trump.

Tho after the initial jump, its going down.  So we'll see how it does in the comming month.

[Lord Dave]

And I was right.
https://www.npr.org/2024/04/01/1242085620/trump-social-media-stock-djt-truth-social

A drop of 27% in ...3 days.  Hope you didn't buy stock, Tom.

[Lord Dave]

https://www.npr.org/2024/04/08/1243498311/truth-social-shares-trump-media-legal-troubles

50% over 2 weeks.

[Rushy]

Buy the dip!

[Tom Bishop]

"The former president owns a majority stake in the company and his stake was valued at about $2.9 billion on Monday, down from a peak of over $6 billion after its debut on its trading debut."

It sounds like Trump's stake is still worth billions. This still appears to be his most profitable venture, and appears to be a doing lot better than most business ventures.

[Roundy]

"The former president owns a majority stake in the company and his stake was valued at about $2.9 billion on Monday, down from a peak of over $6 billion after its debut on its trading debut."

It sounds like Trump's stake is still worth billions. This still appears to be his most profitable venture, and appears to be a doing lot better than most business ventures.

As long as you're Trump, of course. All those people who made him rich by investing in his worthless shit, on the other hand...