New York Attorney General takes initial step to prepare to seize Trump assets | CNN Politics

dogslayeggs , 3 months ago

I’m wondering how many of his assets are seize-able. Is the Tower owned by him or by his corporation? Are his corporation assets seize-able?

gregorum OP , 3 months ago

He owns a lot of it personally. What’s at issue is how much of it is mortgaged or otherwise indebted to others. Trump’s finances are a house of cards, and he’s probably leveraged right up to his cotton candy bouffant. So, the question becomes: how much are his assets actually worth?

The WSJ recently estimated that, on its face, his portfolio was worth about $3B, but nobody knows how much debt there is or if it’s actually worth that much since Trump is famous for (and was - in this very case - just found liable for) lying his ass of for decades about his real estate’s true worth. This is also probably why he can’t get a bond for such a large amount in this case— he’s a known fraudster who never pays his debts and will almost certainly lose this appeal.

So, not only is he fucked, he’s probably already broke or close to it, and nobody’s going to loan him shit. Trump will probably have to declare bankruptcy, and I can’t imagine anything worse for him. It might just kill him.

this_1_is_mine , 3 months ago

Why he’s already done it before. Granted it’s been settle and he’s probably forgotten but this is where. He.Belongs. with all the poor’s he keeps fleecing. …

ef9357 , 3 months ago

<span style="color:#323232;"> “Trump’s finances are a house of cards, and             he’s probably leveraged right up to his             cotton candy bouffant.”
</span>

Hilarious!

Madison420 , 3 months ago

There’s also the fact that a lot of it is owed to Russian banks who would have a hard time collecting given the current banking restrictions.

AmbiguousProps , 3 months ago

Specifically:

the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.

Trump now has four days to satisfy the judgment or sway an appeals court to allow him to post a smaller amount or defer posting the payment until after the appeal.

March 25th here we come.

knacht1 , 3 months ago

Will he have to pay rent to live in the Trump tower condo?

gregorum OP , 3 months ago

Apply to Access HRA at access.nyc.gov for Section 8 and rental assistance!

tenchiken , 3 months ago

Turning his properties into section 8 housing would be downright poetic. If only…

hudson , 3 months ago

Better if his apartment in trump tower is the only place he has left to live, lol

Confused_Emus , 3 months ago

Just wall his dumpy ass in there like Countess Báthory. Leave a small gap for someone to deliver hamberders for the rest of his life.

bradorsomething , 3 months ago

The Barrack Obama Institute of Diversity and Equality

ThuleanPerspective2 , 3 months ago

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ThuleanPerspective2 , 3 months ago

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ThuleanPerspective2 , 3 months ago

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ThuleanPerspective2 , 3 months ago

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ThuleanPerspective2 , 3 months ago

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ThuleanPerspective2 , 3 months ago

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ThuleanPerspective2 , 3 months ago

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ThuleanPerspective2 , 3 months ago

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MagicShel , 3 months ago

I hope the first step is to pop a shitload of popcorn.

RIPandTERROR , 3 months ago

🍿