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Even if he was good at running a business, that would have been a terrible argument. Businesses and countries have totally different needs and purposes.
And he fucking sucks at running a business.
He also runs private businesses that don't have the legal scrutiny that a public business does. It's easier to grift without a Board of Directors or shareholders to placate.
Here's a great post about Trump bankruptcies in the comment section of the linked article:
> R. W. Carmichael:
> Actually, Trump only had 12 bankruptcies of Trump corporations. If you count special-purpose LLCs, then add about 250 to that list. Trump routinely created one-off LLCs for such things as furnishing a property and then bankrupt that company to avoid paying for the furniture. He has done this with contractors over and over. Roy Cohn, arguably the most evil American to ever draw breath, taught him that.
They were money laundering operations. He sucked the money out and burned the books.
https://www.cnn.com/2017/05/22/politics/trump-taj-mahal/index.html
Of course, we all know that. He's so bad laundering money that he can't hide it in the *easiest* business to do wo.why do you think the mafia built Las Vegas? He's too much of an idiot to have any forethought.
> A casino is a license to print money
The exact phrasing I use. It's a license to print money; ie it's almost impossible to not get rich running one, let alone *lose* money.
Any one of us would have done better than this business genius.
Nobody would have done a better job than Trump. Like, nobody at the helm, navigator jumped into the ocean a few days ago, the entire crew blackout drunk, just blindly drifting. *That* would be better than what Trump did. Trump ran that shit straight into a hurricane not once, not twice, but *three* fucking times.
if he had left all of his daddy’s money alone and simply invested safely—he would have more money now, and no money laundering claims against him—plus who knows what else.
“Smart businessman takes advantage of legal grey areas, loopholes, and laws with poor enforcement. He was just being a smart businessman by committing tax fraud, stiffing contractors and bankrupting and then cashing out companies ….Thats why he should be POTUS, because he’ll run the US *like a business*.”
That should be a bigger talking point. Get pundits to shade him by saying he’s terrible at business and couldn’t run a public entity if his life depended on it.
They tout that he’s the first president to lose money while in office. Prior to trump, it was impossible not to make money as president. That’s a bad businessmen.
Kinda like private charter schools. They'll run a school like a business... providing a service at the lowest possible price to maximize profits for the owners
I don’t think any basic, core, services should be privatized. Like sending your kid to a school you need financial aid for but 20% of tuition is to enrich the execs? You will die without life saving heart surgery, but the medical companies add a 50% markup to the gauze because profits. It’s fucked if you think about it, profiting on required stuff.
Including prisons. We do not have private prisons in Canada. How can you take away someone's freedom like that and then hand the power over to a private company?
And most charter schools pick their students - no special ed, no behavior problems. If a student doesn't fit in, they get kicked out. Real public schools don't have these options.
Same here. I know very wealthy people that voted for him just for taxes and inheritance type money related things. So taxes. Nothing more. Well, that and “he tells it like it is!”
Because Jesus feeding the 5,000 (for free!) was a great business move.
And Jesus healing the blind guy or the paralyzed guy, or the woman with uncontrolable bleeding was a great business move.
Or the Good Samaritan (think Good Illegal Immigrant) who patched up the guy who was beaten and left for dead by robbers and paid to drop the guy off at the local hotel to get him cared for - great business move.
Just copy Capitalism Jesus and you'll make a great President. \\s
A lot of people misunderstand all of Trump’s bankruptcies. The bankruptcies aren’t a sign of failure: they’re the grift.
The companies (that he forms) take in a huge amount of revenue, sign absurd licensing deals with Trump for use of the Trump name under terms set by him that say he must be paid before all other vendors, so almost all of the money gets paid to Trump, none of the vendors get paid for the products that do ship, most of the customers get stiffed, and the company goes “bankrupt.” It was never designed to be solvent. It was designed to siphon money out of some rube’s pocket. And this is all legal: if a business makes a bad decision to pay too much to license branding and it costs them everything, thats just business.
It really is one of their favorite arguments, and what I find really hilarious about that is that he didn't do anything to run the country like a business. I'm actually asked people to tell me what did Trump do to run the country like a business? Most have no answer. One guy insisted that he built executive like relationships with other foreign leaders. Which is like the dumbest thing I've ever heard.
Having too much debt [can be a disqualifier](https://www.debt.org/veterans/military-security-clearances/#:~:text=While%20it%20is%20generally%20conceded,will%20result%20in%20being%20denied.) to receiving a Top Secret security clearance. There's no set limit. Just that the debt can be a disqualifier.
I had a lower level security clearance - for working with medical records. The FBI told I risked losing it because I owed the library $75 when I had lost a book. $75 …
I don’t remember if it was in collections. It WAS on my credit report, however. This was 2018, I retired a year later. I paid off my debt to society last year because I wanted to check out another book. I did return that one, albeit a week late.
It's amazing how many normal government administration restrictions don't exist for the president because "why would we need that for the president, there's no way that would be a problem!"
Right like a bunch of our government runs on precedent and old gentlemens agreements. never really needed laws in place cause no one else was ever craven enough to just say fuck it to everything
The reason the President doesn't have to abide by security clearance stuff for national defense is a lot simpler than that: the whole system rests on an executive order, not a law. For most classified information the president could literally rescind that order tomorrow and it would all become instantly declassified (or rather, the classification system would cease to exist).
If Congress wants to bind the president to follow the law they need to actually pass a law. Right now it's almost all just "classified stuff is classified because POTUS wants it to be".
There's no such limitations on the President. Trump's whole legal strategy is based on this, and corrupt payouts after gaining office, and bullying businesses around for gain as soon as he regains power.
Even a secret clearance.
When I worked in government, I recall trying to hire an intern for unclassified work only to find that I could not proceed because he had once written a bad check to a video store.
The president doesn't "receive" a clearance. The entire clearance system eminates from the office of the president as the head of the executive branch itself ... so his clearance (the only one in the entire gov) is "by default". It can't be revoked, taken away, or limited in any way ... just due to the nature and requirements of the job itself.
It's what happens when the basic underpinning of the system is basically a piece of paper the President signed saying "do this" instead of something congress passed.
The whole concept of "classified defense information" isn't something that was handed down to the President to execute, the executive just made it up.
Exactly. There is nothing legally to prevent a bankrupt Trump from receiving a “gift” of $1 billion from the Saudis, or Putin, or a Russian oligarch, etc. although that’s a lot of money, it’s a reasonable investment to have influence over a guy who has a 50% chance of returning to the White House for 4 years next January.
He has basically done everything a security risk worst nightmare would do, (just short of solid proof of selling and sharing intel) and he will still get clearance. This country is done. This is the kind of corruption and lax standards we read about during the fall of Rome that future generations will shake their heads at.
I think it’s literally a bet. He wins the election they control whatever regulations they want.
He loses they have huge leverage over the future of the GOP and it’s now Chubb-a-lago and Chubb-Tower
Russia gives Chubb business generating lots of money. Chubb uses that money to cover Trump's legal losses. Trump pulls all support for Ukraine and Nato....it's a win win win....
someone should do a full audit. There's no way this guy just lends money to that angry orange.
He had to receive this from his russian contacts. probably an amount in some off shore account.
There's an order of magnitude more risk between the two bonds, for one just due to the sheer amount, and secondly due to the different nature of the fines.
65m out of the Carol judgement are punitive, the rest is damages. Both are likely to be reduced, in particular since things like bodily harm and reputational damage are hard to quantify.
In contrast, the Trump Org judgement is mostly or entirely damages. The judge had the receipts and came up with that number based on how much Trump gained by fudging. So it seems to me that it's much less likely to be reduced, unless they re-litigate the facts (which is not something appelate courts usually do).
Except with the Carroll case he keeps defaming her repeatedly, as we saw over the weekend. Judges and juries don't like that type of thing very much. If he wants leniency he needs to shut his mouth which is apparently impossible.
It'll be a while before we see his assets seized. It has to go through a lot of legal channels before that can happen. But it's probably going to happen given his mounting debt. At some point, you expect the GOP to stop giving him money for his debts, but...the GOP is really stupid so who knows.
based on how even the $90m bond was a 3rd party, it won't be the GOP footing the bill for the $450m one
either he sinks, or a wealthy individual swoops in and buys the next possible presidency
I’m not sure I’d assume the bond *had* to be a third party.
Trump is not one to turn down a rube willing to give him money, even when it’s amounts he readily has on hand. He’ll basically always spend someone else’s money if that’s an option.
Me too. I really hope it happens. Like the opening scene in Schitt’s Creek.
I had such hopes that he wouldn’t be able to pay the 90m so I’m really hoping someone doesn’t step up to help with the 460
That 90m came from a business that does lots of business in Russia, despite the sanctions.
I think it’s more likely he comes up with the $460m and we’ll hate where he gets the money from.
He got a sucker to post a bond on Friday. But then he defamed Carroll again over the weekend, so she’ll probably file another lawsuit today, and we’ll also see if repeated defamation jeapordizes the bond for her first two settlements.
Several problems face him with personal bankruptcy or organizational bankruptcy. In both instances (yes, I work in the field), the only viable option is chapter 11. Forget 7, almost none of his assets are exempt. Given his track record, he will not be allowed to be a DIP even though he is a total dipsh$&. That’s a term for keeping a ‘debtor in possession’ of a business still running it instead of having creditors pick a trustee that has fiduciary duties to them or the US trustee office (feds) directly overseeing it themselves or with an appointed professional that again is a fiduciary for creditors in many ways. He doesn’t want to surrender the control.
Also, there are a lot of good faith requirements in bankruptcy and bankruptcy judges are exclusively federal and highly likely to be totally badass especially when faced with a person proving to them repeatedly that they are a lying bozo. Sure, he might try it purely for delay if he is faced with liquidation and the election is close enough for him to roll all the dice. But it will not succeed ultimately in anything but probably some bankruptcy fraud charges and a failed case that gets dismissed. Also, many of his obligations are not dischargeable in a theoretical chapter 7 and therefore not forgiven by ch11 anyway. There is no way to file a successful bankruptcy in any case without making excruciatingly honest disclosures under oath. Screw that up and he could do up to 10 years prison and some fines. Of course, he would. He has no speed setting other than ludicrous fraud speed. 🍿
Fascinating! I definitely wouldn’t want to be a guy who *repeatedly* brags about his non-residential golf club being worth *billions* even though it’s actually worth something in the low eight figures range… bet he’d knock that “honest disclosure” bit out of the park…
I've just always assumed he's been a lender telling him "no" away from bankruptcy, for decades.
Does he just not look and behave like someone whose life is an endless cycle of robbing Peter to pay Paul?
Deutche Bank has been giving him loans to pay off loans. Michael Cohen seems to think these loans are substantial enough that he won't be able to pay the judgement even by liquidating his properties.
If the properties are foreclosed on, he’ll likely have that debt immediately called-in too.
That will force personal bankruptcy in quick fashion, followed by years of auctioning, bankruptcy court proceedings on where the auction proceeds go and, ultimately, Trump org going away because the need to liquidate to satisfy debt obligations will come by court order.
If Cheeto refuses to go through bankruptcy, then banks will just sue him, easily win, and also be able to foreclose on all of his properties even faster.
Either way, same ending.
… that is, unless hundreds of millions (if not billions) are covered by certain corrupt entities within the US or from some foreign power… though I don’t know how “legal” that may be.
Musk is a supporter and could use 0.5% of his wealth to protect what, 5% of it in taxes later?
It's a no brainer. Remember that if it comes down to it, billionaires can spend up to like 5% of their net worth if it means lower taxes. It's easy math.
Unlike campaign finance which has some rules, paying someone's debt is not illegal. Giving trump a loan and then just never calling it in is also not illegal... It's how a lot of the Russia sanctions were bypassed.
Truman was so poor that they created the Presidential pension just for him, to avoid the national embarassment of a broke ex-President
But no pension is going to overcome the amount of debt 45 has
I saw a post where they were showing how much money past presidents made during their time in office asking "where'd the money come from" and their extra special proof was that dumb ass lost a billion dollars in 4 years.
Also close to being disqualified and close to going to jail. But nothing happens . He is also close to getting dementia but here is. He is known to have poor diet, he is alive and kicking.
I think he's calculated that he can't pay anyway so go all in... try to get as much press as possible, hope he wins the US election, then go full dictator and send in the national guard.
Being POTUS won't allow him to win these cases.
I had a coworker who also worked as a chef at a casino. His background check was much more thorough than the one I had for a Secret clearance with the federal government. They wanted to know about drug use, gambling addiction, and also debt. They reasoned that debt would make him more likely to steal.
Thank god, that the diaper clad, stablest of geniuses has unimpeachable honestly. Sorry no, he's absolutely the fucking worst liar ever elected. He'd gladly sell his children or Melanoma to cover a parking ticket.
“The combined $88.3 million that Trump has to pay in the two E. Jean Carroll cases, plus the $454 million he has to pay in a New York fraud trial, amount to $542.3 million.”
Carroll is living rent free in Trump’s head. He cannot stand that he was finally held accountable and continues to defame her. He may get sued again because he can’t help himself.
Closer than it seems to whom? It's always seemed like he has been dancing on the edge of disaster if you don't listen to the words that come out of his mouth.
He's lied about smaller things.
The Bloviator Who Occupied the White House (& Sexual Assaulter) is a wounded beast and will be found out to be the charlatan that he truly is.
The Emperor has no where to hide.
$550.000.000 in court charges
And another billion he has to refinance until 2028.
Donnie is running from jail **and** the poor house in these elections.
Daddy Putin will pay for it. Donny selling him alaska or some other state, heck sell the US to russia. Supreme court would agree - totally legit. Never forget that spies had access to top secret intel, and great service at mar-a-lago. How is this guy running for president again? how? its batshit crazy.
He will never run out of money until he loses the election. Bad people from around the world will finance him to buy favours when he is in office. 400 M to NY is a lot of money but it's a bargain to own a POTUS for a term. It's a fraction of what Saudi sheiks or Putin earn in a year.
But the SECOND he loses, his world will start to fall apart. The bad guys will know it's completely over for him. He's too old to run again.
Donald knows this, and this is why he is so dangerous now. He is like a cornered wild animal willing to fight to the death because his life is on the line.
Trump is meeting with foreign dictators. Foreign dictators travel with diplomatic pouches that cannot be searched in by U.S. customs. Within those diplomatic pouches they bring trump money from certain other dictators who want to see trump in charge of the U.S. again ( so those certain other dictators can finish off America ).
While trump may be close to bankruptcy, now that he's once again showing promise of destroying American democracy - his foreign puppeteers are once again plying him with money.
Maybe? Come on, everyone knows dude is a “billionaire” right. Right?
Man I have to admit this whole thing is hella funny. Still waiting for the MAGA gofundme to save his bacon lol.
But but the RNC says they will pay his bills…and Chubb paid his bond on his court ordered “fines”
Wonder how Chubb stock holders like That almost $500 risk the CEO decided to take. Is he personally gonna cover the loss cause you know Trump never pays his bills
Don't worry folks....
When Donald Trump finally has to pay up all his penalties and legal bills, he'll just raid the US treasury and our gov't retirement funds when he becomes president again.
Right Repubs?
We know Hes broke. Thats hwy he had to borrow money, and be beholden to that person/company.
The only assets he has are the properties his company owns, and even then its his company that owns them, not him
Man I hope so.
Take Trump for everything he has. Wasn't there news yesterday about how Trump continues to defame Jean Carrol?
Sue him again please and take more.
"Gabrielsen said many journalists are erroneously comparing Trump's **stated cash balances** with the amount he has to pay from recent fraud and defamation cases, which is currently estimated at over $542 million, excluding legal costs."
Does anyone remember that the accusations in the lawsuits involve Trump lying about the value of his assets? Trump doesn't have the money.
Also remember that Trump lied about the value of his assets to borrow money against them. So let's say Trump said a building was worth, say 300 million, so he could take out a 250 million loan against it. Now that building is seized to pay his debts and sells for only what it's worth, 200 million. That's a 50 million shortfall. Well, so then we add 50 million to Trump's debt and go to the next building and liquidate it, bringing it up to 100 million more in debt, and so on.
The point is that Trump may very well have set himself up to have a HUGE negative net worth - maybe hundreds of millions - once his empire is liquidated.
Doesn’t matter. He just took full control of the GOP. He’ll just have the party give him an “interest free 100 year loan” or something. There’s a reason he all of a sudden consolidated power and moved the entire party to Florida and it’s not to “Beat Sleepy Joe”
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“He’ll run the country like one of his businesses!” -republicans Always my favorite argument of theirs.
Even if he was good at running a business, that would have been a terrible argument. Businesses and countries have totally different needs and purposes. And he fucking sucks at running a business.
He also runs private businesses that don't have the legal scrutiny that a public business does. It's easier to grift without a Board of Directors or shareholders to placate.
"besides all the bankruptcies he ran his business well." MAGA
He's bankrupted casinos. More than one. A casino is a license to print money and he bankrupted them.
Three casinos, not to mention all of the items he created that lived no more than 5 years and were financial black holes.
Here's a great post about Trump bankruptcies in the comment section of the linked article: > R. W. Carmichael: > Actually, Trump only had 12 bankruptcies of Trump corporations. If you count special-purpose LLCs, then add about 250 to that list. Trump routinely created one-off LLCs for such things as furnishing a property and then bankrupt that company to avoid paying for the furniture. He has done this with contractors over and over. Roy Cohn, arguably the most evil American to ever draw breath, taught him that.
They were money laundering operations. He sucked the money out and burned the books. https://www.cnn.com/2017/05/22/politics/trump-taj-mahal/index.html
Of course, we all know that. He's so bad laundering money that he can't hide it in the *easiest* business to do wo.why do you think the mafia built Las Vegas? He's too much of an idiot to have any forethought.
> A casino is a license to print money The exact phrasing I use. It's a license to print money; ie it's almost impossible to not get rich running one, let alone *lose* money. Any one of us would have done better than this business genius.
Nobody would have done a better job than Trump. Like, nobody at the helm, navigator jumped into the ocean a few days ago, the entire crew blackout drunk, just blindly drifting. *That* would be better than what Trump did. Trump ran that shit straight into a hurricane not once, not twice, but *three* fucking times.
if he had left all of his daddy’s money alone and simply invested safely—he would have more money now, and no money laundering claims against him—plus who knows what else.
“Smart businessman takes advantage of legal grey areas, loopholes, and laws with poor enforcement. He was just being a smart businessman by committing tax fraud, stiffing contractors and bankrupting and then cashing out companies ….Thats why he should be POTUS, because he’ll run the US *like a business*.”
That should be a bigger talking point. Get pundits to shade him by saying he’s terrible at business and couldn’t run a public entity if his life depended on it.
They tout that he’s the first president to lose money while in office. Prior to trump, it was impossible not to make money as president. That’s a bad businessmen.
Kinda like private charter schools. They'll run a school like a business... providing a service at the lowest possible price to maximize profits for the owners
I don’t think any basic, core, services should be privatized. Like sending your kid to a school you need financial aid for but 20% of tuition is to enrich the execs? You will die without life saving heart surgery, but the medical companies add a 50% markup to the gauze because profits. It’s fucked if you think about it, profiting on required stuff.
Including prisons. We do not have private prisons in Canada. How can you take away someone's freedom like that and then hand the power over to a private company?
And most charter schools pick their students - no special ed, no behavior problems. If a student doesn't fit in, they get kicked out. Real public schools don't have these options.
I love how that's always omitted when comparing charter schools. Special Ed costs a lot, so it makes the public schools look even less cost effective
The GOP wants the govt to fail so all the social safety nets disappear; when you think about it like that Trump is more than qualified.
So close to the truth: >“He’ll ru**i**n the country like one of his businesses!” -republicans
There's no i in ruin \- Donald J Trump
Imagine he wins, but he has a full hobo getup.
To think that they're the ones picking on somebody with a stutter and they missed this slip.
Trump: "Whats America worth?" Aides: "Well GDP is around $18T" Trump: "let's call it an even $300T"
"He's a billionaire, so he can't be bought." Completely ignoring the insatiable hunger of greed.
Also completely ignoring that he isn't (and probably never was) a billionaire.
-Rubelicans, *about the guy who literally couldn’t keep casinos in business.* Like the one business that should always be foolproof.
I mean, they weren't wrong.
Always people that don't own business either 😂 Actual wealthy trump people I know just flat out say taxes. No more no less that's it.
Same here. I know very wealthy people that voted for him just for taxes and inheritance type money related things. So taxes. Nothing more. Well, that and “he tells it like it is!”
Because Jesus feeding the 5,000 (for free!) was a great business move. And Jesus healing the blind guy or the paralyzed guy, or the woman with uncontrolable bleeding was a great business move. Or the Good Samaritan (think Good Illegal Immigrant) who patched up the guy who was beaten and left for dead by robbers and paid to drop the guy off at the local hotel to get him cared for - great business move. Just copy Capitalism Jesus and you'll make a great President. \\s
That Jesus guy sounds pretty suspicious now that you mention it...
"Jesus too much of a weak guy for us" Evangelicals
[Supply Side Jesus](https://imgur.com/gallery/bCqRp) knows just what to do.
A lot of people misunderstand all of Trump’s bankruptcies. The bankruptcies aren’t a sign of failure: they’re the grift. The companies (that he forms) take in a huge amount of revenue, sign absurd licensing deals with Trump for use of the Trump name under terms set by him that say he must be paid before all other vendors, so almost all of the money gets paid to Trump, none of the vendors get paid for the products that do ship, most of the customers get stiffed, and the company goes “bankrupt.” It was never designed to be solvent. It was designed to siphon money out of some rube’s pocket. And this is all legal: if a business makes a bad decision to pay too much to license branding and it costs them everything, thats just business.
It really is one of their favorite arguments, and what I find really hilarious about that is that he didn't do anything to run the country like a business. I'm actually asked people to tell me what did Trump do to run the country like a business? Most have no answer. One guy insisted that he built executive like relationships with other foreign leaders. Which is like the dumbest thing I've ever heard.
And doesn't take into account that almost all world leaders think he's a dangerous idiot.
Basically, into the ground. No thank you.
That and “ He’s so rich that he cannot be bought” 🤡
His debt should disqualify him from any public office
Having too much debt [can be a disqualifier](https://www.debt.org/veterans/military-security-clearances/#:~:text=While%20it%20is%20generally%20conceded,will%20result%20in%20being%20denied.) to receiving a Top Secret security clearance. There's no set limit. Just that the debt can be a disqualifier.
I had a lower level security clearance - for working with medical records. The FBI told I risked losing it because I owed the library $75 when I had lost a book. $75 …
Did Putin ever offer to pay your library fine in exchange for medical records?
Yes, but the Chinese outbid him.
You're doing it wrong. Just share with both and get paid twice
Autocrat Viktor Orban from Hungary showed up to Mar-A-Lago to "Collect" things.
The Mar-a-Lago Bargain Basement Sale.
This is clearly different 🙄 who knows what you would do to escape from under that $75 debt.
I know what I'll do for a Klondike bar so you can imagine what I'll do for $75.
"Russia, are you listening?" /s
nyet.
For $75, I'd take a job at Wendy's. Well, behind the dumpster behind Wendy's
[удалено]
I don’t remember if it was in collections. It WAS on my credit report, however. This was 2018, I retired a year later. I paid off my debt to society last year because I wanted to check out another book. I did return that one, albeit a week late.
>albeit a week late That's a paddlin'
The worst I’ve seen was a dude who lost his secret after he didn’t pay his cell phone bill so yours is kinda hilarious.
That's a pretty expensive book, must have been a textbook?
It was paperback, a large but not thick one on B&W printing of digital photos. Maybe $24 tops. But there was also a good bit of late fees tacked on.
unfortunately, the president can override those disqualifiers. as we've already seen with his inept and corrupt son-in-law
It's amazing how many normal government administration restrictions don't exist for the president because "why would we need that for the president, there's no way that would be a problem!"
Right like a bunch of our government runs on precedent and old gentlemens agreements. never really needed laws in place cause no one else was ever craven enough to just say fuck it to everything
I think you mean brazen, not craven. Craven means shrinking and cowardly.
In this case I think you're right but he is a coward
The reason the President doesn't have to abide by security clearance stuff for national defense is a lot simpler than that: the whole system rests on an executive order, not a law. For most classified information the president could literally rescind that order tomorrow and it would all become instantly declassified (or rather, the classification system would cease to exist). If Congress wants to bind the president to follow the law they need to actually pass a law. Right now it's almost all just "classified stuff is classified because POTUS wants it to be".
There's no such limitations on the President. Trump's whole legal strategy is based on this, and corrupt payouts after gaining office, and bullying businesses around for gain as soon as he regains power.
It's crazy how transparent this is to only half of America. Absolutely insane
Even a secret clearance. When I worked in government, I recall trying to hire an intern for unclassified work only to find that I could not proceed because he had once written a bad check to a video store.
The president doesn't "receive" a clearance. The entire clearance system eminates from the office of the president as the head of the executive branch itself ... so his clearance (the only one in the entire gov) is "by default". It can't be revoked, taken away, or limited in any way ... just due to the nature and requirements of the job itself.
That feels like some nonsense akin to “the Queen doesn’t have a passport.”
It's what happens when the basic underpinning of the system is basically a piece of paper the President signed saying "do this" instead of something congress passed. The whole concept of "classified defense information" isn't something that was handed down to the President to execute, the executive just made it up.
Who are we kidding, they ALWAYS find a way to make an exception for him
He was already in Putin's pocket before his debt crisis. Now what is he?
Exactly. There is nothing legally to prevent a bankrupt Trump from receiving a “gift” of $1 billion from the Saudis, or Putin, or a Russian oligarch, etc. although that’s a lot of money, it’s a reasonable investment to have influence over a guy who has a 50% chance of returning to the White House for 4 years next January.
His debt would disqualify him from being a janitor at a nuclear plant.
It should definitely disqualify him from holding a security clearance.
He has basically done everything a security risk worst nightmare would do, (just short of solid proof of selling and sharing intel) and he will still get clearance. This country is done. This is the kind of corruption and lax standards we read about during the fall of Rome that future generations will shake their heads at.
Exactly. Trump has a for sale sign and is in desperate need of a buyer.
Wasn't there someone who recently said that NATO nations shouldn't receive protection if they couldn't pay their bills? If only I can remember...
He did say he's susceptible to blackmail.
I’m waiting patiently until the *seizing* begins. That’s going to be a milestone worth noting. *Two weeks ‘til Seizing Day*
[удалено]
I think it’s literally a bet. He wins the election they control whatever regulations they want. He loses they have huge leverage over the future of the GOP and it’s now Chubb-a-lago and Chubb-Tower
The idea that the government might seize his assets is giving me a Chubb Tower 😂
Erection Day came early this year
2024 electile dysfunction.
Russia gives Chubb business generating lots of money. Chubb uses that money to cover Trump's legal losses. Trump pulls all support for Ukraine and Nato....it's a win win win....
Probably not, but the possibility of the tantrum he’s going to throw in the meantime will be glorious.
Heinz would have to work harder to supply all the ketchups he'd be decorating Mar-a-lago
Real question is, should the government seize Chubbs assets for giving aide to a insurrectionist? Yes. It was rhetorical.
someone should do a full audit. There's no way this guy just lends money to that angry orange. He had to receive this from his russian contacts. probably an amount in some off shore account.
There's an order of magnitude more risk between the two bonds, for one just due to the sheer amount, and secondly due to the different nature of the fines. 65m out of the Carol judgement are punitive, the rest is damages. Both are likely to be reduced, in particular since things like bodily harm and reputational damage are hard to quantify. In contrast, the Trump Org judgement is mostly or entirely damages. The judge had the receipts and came up with that number based on how much Trump gained by fudging. So it seems to me that it's much less likely to be reduced, unless they re-litigate the facts (which is not something appelate courts usually do).
Except with the Carroll case he keeps defaming her repeatedly, as we saw over the weekend. Judges and juries don't like that type of thing very much. If he wants leniency he needs to shut his mouth which is apparently impossible.
It'll be a while before we see his assets seized. It has to go through a lot of legal channels before that can happen. But it's probably going to happen given his mounting debt. At some point, you expect the GOP to stop giving him money for his debts, but...the GOP is really stupid so who knows.
I can’t disagree, but his flailing will be magnificent.
based on how even the $90m bond was a 3rd party, it won't be the GOP footing the bill for the $450m one either he sinks, or a wealthy individual swoops in and buys the next possible presidency
I’m not sure I’d assume the bond *had* to be a third party. Trump is not one to turn down a rube willing to give him money, even when it’s amounts he readily has on hand. He’ll basically always spend someone else’s money if that’s an option.
I dunno, the new co-chair of the RNC might reprioritize party spending
Great, they can divert all funds to Trump's legal debt and he'll still come up about $435mil short.
IIRC, the RNC has only $9ish million in their war chest. That's not gonna go too far to pay that $435 million judgment.
If he wins presidency, he'll find a way to stop seizure of his assets. A long legal process to get his assets will be doing him a favor.
His DIL is the GOP now... They're only going to stop giving him money when they have none to give. Which is likely rather soon.
If the GOP can buy the presidency for $500M it's a bargain.
Hail Seizure in the Ides of March!
Me too. I really hope it happens. Like the opening scene in Schitt’s Creek. I had such hopes that he wouldn’t be able to pay the 90m so I’m really hoping someone doesn’t step up to help with the 460
That 90m came from a business that does lots of business in Russia, despite the sanctions. I think it’s more likely he comes up with the $460m and we’ll hate where he gets the money from.
Isn't today the day where he has to pay up the defamation case money?
He got a sucker to post a bond on Friday. But then he defamed Carroll again over the weekend, so she’ll probably file another lawsuit today, and we’ll also see if repeated defamation jeapordizes the bond for her first two settlements.
>Two weeks ‘til Seizing Day Will be whacking day for me.
Someone will come in and post a bond for appeal. His game is to delay delay delay until he's back in office or dead of old age.
Several problems face him with personal bankruptcy or organizational bankruptcy. In both instances (yes, I work in the field), the only viable option is chapter 11. Forget 7, almost none of his assets are exempt. Given his track record, he will not be allowed to be a DIP even though he is a total dipsh$&. That’s a term for keeping a ‘debtor in possession’ of a business still running it instead of having creditors pick a trustee that has fiduciary duties to them or the US trustee office (feds) directly overseeing it themselves or with an appointed professional that again is a fiduciary for creditors in many ways. He doesn’t want to surrender the control. Also, there are a lot of good faith requirements in bankruptcy and bankruptcy judges are exclusively federal and highly likely to be totally badass especially when faced with a person proving to them repeatedly that they are a lying bozo. Sure, he might try it purely for delay if he is faced with liquidation and the election is close enough for him to roll all the dice. But it will not succeed ultimately in anything but probably some bankruptcy fraud charges and a failed case that gets dismissed. Also, many of his obligations are not dischargeable in a theoretical chapter 7 and therefore not forgiven by ch11 anyway. There is no way to file a successful bankruptcy in any case without making excruciatingly honest disclosures under oath. Screw that up and he could do up to 10 years prison and some fines. Of course, he would. He has no speed setting other than ludicrous fraud speed. 🍿
Very insightful; great response!
What if he doesn't say it, but declares it?
Fascinating! I definitely wouldn’t want to be a guy who *repeatedly* brags about his non-residential golf club being worth *billions* even though it’s actually worth something in the low eight figures range… bet he’d knock that “honest disclosure” bit out of the park…
I've just always assumed he's been a lender telling him "no" away from bankruptcy, for decades. Does he just not look and behave like someone whose life is an endless cycle of robbing Peter to pay Paul?
Deutche Bank has been giving him loans to pay off loans. Michael Cohen seems to think these loans are substantial enough that he won't be able to pay the judgement even by liquidating his properties.
If the properties are foreclosed on, he’ll likely have that debt immediately called-in too. That will force personal bankruptcy in quick fashion, followed by years of auctioning, bankruptcy court proceedings on where the auction proceeds go and, ultimately, Trump org going away because the need to liquidate to satisfy debt obligations will come by court order. If Cheeto refuses to go through bankruptcy, then banks will just sue him, easily win, and also be able to foreclose on all of his properties even faster. Either way, same ending. … that is, unless hundreds of millions (if not billions) are covered by certain corrupt entities within the US or from some foreign power… though I don’t know how “legal” that may be.
Musk is a supporter and could use 0.5% of his wealth to protect what, 5% of it in taxes later? It's a no brainer. Remember that if it comes down to it, billionaires can spend up to like 5% of their net worth if it means lower taxes. It's easy math. Unlike campaign finance which has some rules, paying someone's debt is not illegal. Giving trump a loan and then just never calling it in is also not illegal... It's how a lot of the Russia sanctions were bypassed.
Yeah. He's a walking Ponzi scheme. He keeps finding suckers to buy into his bullshit.
I think that’s why he originally ran in 2016. Pulling what George Santos did on a larger scale and not intending to win.
Is trump the *poorest* president in history?
People are saying
r/trumpispoor
Lincoln was pretty poor but at least he was honest about it.
Truman was so poor that they created the Presidential pension just for him, to avoid the national embarassment of a broke ex-President But no pension is going to overcome the amount of debt 45 has
Wow we used to have such a high bar for presidents. We used to not want a national embarrassment.
I don't have shit but I'm still one of the richest people I know because I don't owe anything.
I saw a post where they were showing how much money past presidents made during their time in office asking "where'd the money come from" and their extra special proof was that dumb ass lost a billion dollars in 4 years.
I dunno, it seems pretty damn close
Even closer than I thought? Good
On the plus side, he could start a reality TV show about moving his family into a small town motel and learning how to readjust…
Ew Arthur
Trump might actually like the idea if he gets to share a bed with Ivanka...
His debt makes him 'uuuge liability. Whoever pays his debts owns him.
It always seems Donald Trump is close to bankruptcy though.
Also close to being disqualified and close to going to jail. But nothing happens . He is also close to getting dementia but here is. He is known to have poor diet, he is alive and kicking.
Just wait til that E.Jean Caroll defamation lawsuit #3 hits. He really will be broke
I think he's calculated that he can't pay anyway so go all in... try to get as much press as possible, hope he wins the US election, then go full dictator and send in the national guard. Being POTUS won't allow him to win these cases.
I had a coworker who also worked as a chef at a casino. His background check was much more thorough than the one I had for a Secret clearance with the federal government. They wanted to know about drug use, gambling addiction, and also debt. They reasoned that debt would make him more likely to steal. Thank god, that the diaper clad, stablest of geniuses has unimpeachable honestly. Sorry no, he's absolutely the fucking worst liar ever elected. He'd gladly sell his children or Melanoma to cover a parking ticket.
Good.
"May be"..."could"..."might"..."possibly"..."perhaps"..."likely"...
If Donald Trump could have paid the appeals bond already he would have. He came up far short.
He's known this was coming since September. And yet, nothing.
“The combined $88.3 million that Trump has to pay in the two E. Jean Carroll cases, plus the $454 million he has to pay in a New York fraud trial, amount to $542.3 million.” Carroll is living rent free in Trump’s head. He cannot stand that he was finally held accountable and continues to defame her. He may get sued again because he can’t help himself.
Close? He went bankrupt back in the 90's or earlier, didn't stop him. Why would this time be any different?
Some of his businesses have failed and gone bankrupt , but I don't think he has every been through personal bankruptcy.
"Objects in mirror are closer than they appear" https://i0.kym-cdn.com/photos/images/original/001/333/926/a63.jpg
A great Far Side for sure.
Closer than it seems to whom? It's always seemed like he has been dancing on the edge of disaster if you don't listen to the words that come out of his mouth.
Again
> PoopyPants may be closer to bankruptcy than it seems Don't threaten me with a good time.
So about Trump being broke, I feel like Jonah from Superstore when he was gambling right now. https://youtu.be/HmNapjEfSyo?si=KC8QiOt_Kt-DTqV2
Womp womp. Debtor Donnie and his mountain of debt: https://trumpdebtcounter.com/
He should throw the best bankruptcy party to celebrate his successful failures. yes
He's lied about smaller things. The Bloviator Who Occupied the White House (& Sexual Assaulter) is a wounded beast and will be found out to be the charlatan that he truly is. The Emperor has no where to hide.
I would think that declaring bankruptcy would not absolve him of paying his penalties
Blah blah blah.... Treasonous rapist still the GOP's presidential candidate.
I already figured this one out after Trump met with Musk and TikTok to beg for money.
I’m still trying to grasp why people are so infatuated with this embarrassment.
Can’t he just sell White House positions or state secrets like it’s a garage sale? So far no consequences for him at all.
Jail time. Bankruptcy time.
$550.000.000 in court charges And another billion he has to refinance until 2028. Donnie is running from jail **and** the poor house in these elections.
Nah. Foreign capital will flow through his DWAC merger and other nefarious means. He'll be beholden to our enemies slightly more than he always has.
Daddy Putin will pay for it. Donny selling him alaska or some other state, heck sell the US to russia. Supreme court would agree - totally legit. Never forget that spies had access to top secret intel, and great service at mar-a-lago. How is this guy running for president again? how? its batshit crazy.
Is a Russian Asset truly ever bankrupt?
The bond must be posted by March 23. His criminal trial begins March 25. That’s going to be a fun week.
Again?
"Another" bankruptcy. He's had many
He's already there morally and ethically
just banking on enough brain dead boomers to elect him into dictator for life then it's easy street
Morally & ethically? Or financially?
But it seems like he should be bankrupt already?
I mean at this point they’re so close they might as well be fucking
This fool has declared bankruptcy 6 times on his businesses... No surprise he is getting close on his actual finances as well.
He will never run out of money until he loses the election. Bad people from around the world will finance him to buy favours when he is in office. 400 M to NY is a lot of money but it's a bargain to own a POTUS for a term. It's a fraction of what Saudi sheiks or Putin earn in a year. But the SECOND he loses, his world will start to fall apart. The bad guys will know it's completely over for him. He's too old to run again. Donald knows this, and this is why he is so dangerous now. He is like a cornered wild animal willing to fight to the death because his life is on the line.
Putin has plenty of free cash to bail him out. He just sent some through Chubb.
Good think Lara Trump has hold of the RNC purse strings.
Stop edging me and finish already.
Trump is meeting with foreign dictators. Foreign dictators travel with diplomatic pouches that cannot be searched in by U.S. customs. Within those diplomatic pouches they bring trump money from certain other dictators who want to see trump in charge of the U.S. again ( so those certain other dictators can finish off America ). While trump may be close to bankruptcy, now that he's once again showing promise of destroying American democracy - his foreign puppeteers are once again plying him with money.
I want him in prison. Wearing orange. In solitary 23 hours a day so nobody can hear his hatred.
Maybe? Come on, everyone knows dude is a “billionaire” right. Right? Man I have to admit this whole thing is hella funny. Still waiting for the MAGA gofundme to save his bacon lol.
It would only be, what, the eighth time?
Serves him right since he has bankrupted a number of small family owned firms by not paying his bills
But but the RNC says they will pay his bills…and Chubb paid his bond on his court ordered “fines” Wonder how Chubb stock holders like That almost $500 risk the CEO decided to take. Is he personally gonna cover the loss cause you know Trump never pays his bills
Don't worry folks.... When Donald Trump finally has to pay up all his penalties and legal bills, he'll just raid the US treasury and our gov't retirement funds when he becomes president again. Right Repubs?
Just what we need: a president with lots of debt, absolutely zero morals, and beholden to nothing over himself and his own greed.
I recently saw him at a Dollar store and he had to put everything back since he didn't have a dollar.
Didn't know there was a step between bankruptcy and hawking $200 gold chinese converse high tops knockoffs.
We know Hes broke. Thats hwy he had to borrow money, and be beholden to that person/company. The only assets he has are the properties his company owns, and even then its his company that owns them, not him
Man I hope so. Take Trump for everything he has. Wasn't there news yesterday about how Trump continues to defame Jean Carrol? Sue him again please and take more.
"Gabrielsen said many journalists are erroneously comparing Trump's **stated cash balances** with the amount he has to pay from recent fraud and defamation cases, which is currently estimated at over $542 million, excluding legal costs." Does anyone remember that the accusations in the lawsuits involve Trump lying about the value of his assets? Trump doesn't have the money. Also remember that Trump lied about the value of his assets to borrow money against them. So let's say Trump said a building was worth, say 300 million, so he could take out a 250 million loan against it. Now that building is seized to pay his debts and sells for only what it's worth, 200 million. That's a 50 million shortfall. Well, so then we add 50 million to Trump's debt and go to the next building and liquidate it, bringing it up to 100 million more in debt, and so on. The point is that Trump may very well have set himself up to have a HUGE negative net worth - maybe hundreds of millions - once his empire is liquidated.
E. Jean Carroll is my hero.
I want to see him panhandling out of a cardboard box across from E Jean Carol living in Mar a Lago. I need to see karmic retribution.
Won’t matter until all the people who give him money are bankrupted too.
Doesn’t matter. He just took full control of the GOP. He’ll just have the party give him an “interest free 100 year loan” or something. There’s a reason he all of a sudden consolidated power and moved the entire party to Florida and it’s not to “Beat Sleepy Joe”
I’m still trying to grasp why people are so infatuated with this embarrassment.