Posted on 03/21/2024 7:09:32 PM PDT by chuckee
In the span of just a few days, Donald Trump’s financial position has moved from seemingly dire—facing the seizure of prized real estate if he doesn’t obtain a large bond—to potentially dazzling, with revelations that his social-media company could bring him more than $3 billion.
It is nothing new for a man who has long ridden a roller coaster of luck, acquiring and losing valuable assets repeatedly. When his financial position appears to be the most at risk, again and again, he finds a way to squirm out of it and emerge strong.
A big question: Would the windfall come in time to rescue him once more?
The former president most immediately faces a $454 million judgment against him in a civil-fraud case in which a judge found he inflated his assets for financial gain for years. Unless an appeals court soon rules in Trump’s favor, New York Attorney General Letitia James, a Democrat who brought the case, could begin trying to seize his assets Monday.
Also Monday, the parent company of Trump’s social-media company—Truth Social—could become publicly traded under the stock ticker DJT. Because of his ownership stake, this could essentially double his estimated net worth. But he can’t sell the shares or borrow against them for six months unless he gets a waiver from the shell company taking Truth Social public.
These sums dwarf the huge financial hole he faces as the presumptive Republican candidate for president. Trump is beginning the 2024 general election at a financial disadvantage, with some donors still skittish about chipping in. Trump aides believe they have plenty of time to close the gap with President Biden...
(Excerpt) Read more at wsj.com ...
Hate to say it, but even if I’m an insurer, I’m not touching that offer.
I’d immediately become the target of a truly withering lawfare attack, my name would be poison, and I’d never work again. Probably have DOJ and various prosecutors try to imprison me as well.
The SCOTUS should intervene.
If he saves the NY assets he should sell them and refuse to do business in that wretched state.
What will be the value of those shares in 6 months? Who really knows. Would you accept them as collateral for a six-month loan?
We fought a Revolution in this country to stop exactly this kind of sickening abuse of power.
A Revolution.
Trump won’t be selling his shares to hand it over to thugs in NY. Not going to happen.
Liberals on Twitter/X are all giddy about bankrupting Trump and tying him up with lawsuits.
One problem: How the rest of the world, in particular the investment world, sees the United States.
To date among world leaders only Putin has pointed this out, but by their actions nations large and small are trying to get away from the US system, as well they should.
Why get financially involved in the US? Why put your money there? Why risk money if it can be taken when the political winds don’t blow your way? Why listen to the US crow about “democracy” and human rights when it prosecutes the leading opposition candidate on bogus charges?
Does the US not see what they are doing to themselves? That’s almost a direct quote from Putin. Not that I care one way or another about him, but he just points out the obvious.
It’s not brain surgery, it’s common sense. And common sense is shocking to Westerners these days.
James is aware of this potential windfall for Trump. That’s why she is rushing to take his properties away now as fast as she can.
Trump’s only hope is a Supreme Court decision in his favor.
*Originally known as point number 8 of the Bill Of Rights to the US Constitution.
Gee, WSJ, let Letitia know of something else she can get her grubby paw on, OK?
Like so many characters over the past six millenia, GOD has raised President Trump up “for a time such as this”.
The LORD always equips those He chooses. Always.
First, it is not really a problem because it is only about money. It won’t matter to Trump if he dies with 47 million or 1.8 billion. Its just numbers on paper.
Second, if he had organized his properties in a favorable LLC state like Ohio or many others but not NY or FL his creditors could not compel liquidation of assets from the LLC’s only obtain a charging order for any moneys being paid to Trump on account of his ownership. And, they would have to come to Ohio or other state of organization to get the charging order regardless of where the judgment was rendered or where the property owned by the LLC is located.
Yes all true but as noted the shares are locked up, and the price is somewhat volatile and without liquidity or history (beta) to formulate risk calculations. He may have to figure out a way to put an option collar on them (sell calls and buy puts, or at least buy puts) to protect from downside. But with the lockup I’m not sure if he can even do that. And I’m not sure an option market even exists so he’s almost guaranteed to pay a far premium on that in the OTC markets. But if the stock goes up a bit he can get it back.
Meanwhile he needs to go to federal court and try to get a stay. There is precedent on 8th and 14th amendment grounds. If they take and sell his property he will suffer irreparable harm. If he loses after all appeals are exhausted, the state loses nothing but if NY takes his property and loses on appeal there is no remedy to return his property to him. So the courts should grant him a stay. NY may not, but the federal court should. They have several recent cases against government takings and they were all based on 8th and 14th amendment issues - with the court clearly saying these protections are built in specifically to prevent political persecution. Preaching to the choir here but clearly this case is evidently vindictively politically motivated.
The LORD always equips those He chooses. Always.
___________________
Very true.
Prayers for Trump.
>> Second, if he had organized his properties in a favorable LLC state like Ohio or many others but not NY or FL...
At his core, he’s a brawling construction guy from Queens (and when those “make it” they spend it in Florida). He’d rather go broke in New York than own Ohio.
I don’t understand it myself, but it works for President Trump (and overall his quirks accrue to the benefit of We The People).
The shares may start trading at 40 to $43. If the insurer thinks that will decline 80 percent in 6 months then it will not happen. Most insurers understand there is risk in every transaction. He can also collateralize the issuance with some of his real estate holdings as backup collateral to the securities.
Makes zero sense this judgment would not be stayed during appeals.
Damn that’s a big sh*t sandwich for the Dung Beetle turd rollers and their toadies in the so-called “media”. ENJOY COMMIES!!!
That has been a very important secondary goal. How many Trump lawyers have been targeted. How about Rudy? You want to ask Navarro if it’s a good idea to serve in the Trump WH? How many stand up Republicans are dealing with Big Fani for being committed to Trump? Would you go to DC to protest Trump being arrested? Gestapo, FBI, DOJ, not a dime’s difference.
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