Smelvis the SF Slobfather has posted bond of 91.6M in EJean Carroll case

[malaise]

BREAKING on M$NBComcast

[Deuxcents]

1. Isn't there a court appointed person who watches his finances?

[Aviation Pro]

3. Yep

We'll learn soon.

[Traildogbob]

4. On Victors Mardi Lardo

Arrival. A check from Moscow.

[orthoclad]

14. He doesn't need Moscow

?itok=wQNZRzxP
Congressional Budget Office

Smelvis' fines are couch change to the US ruling class. $120 trillion as of 2019? People like Zuck or Mux or Kock could pay his fines 240,000 times over.

Trump gave them trillions more in his term. Another Trumpidency would be worth it to them.

[Traildogbob]

17. But Moscow needs Trump.

[orthoclad]

18. The global oligarchy wants Trump

as a shortcut to seizing global power.

Take a hint from the pejorative "globalists" -- a classic example of goebbeling.

[Traildogbob]

19. Trump can give

Putin country’s, including America, and documents to get the job done. For $85 million. A deal.
And they all would Like Putin to be the world leader.
Besides he is the head oligarch. The richest man on earth, as is consistently reported. But may be as truthful as Truth Social posts.
Our richest don’t have hands on our most classified docs. Yet.
But paying up the day Victor arrives🤔. Malcom Nance say’s, “ coincidence takes a lot of planning.
But we can rest assured, and agree, that money, and the millions coming for future fines, not a Penny from trumps stash. And that is why he has no place in the White House as anybody in that kind of debt. They are for sale.

[orthoclad]

22. I feel MUCH more threatened

by our domestic 'garchs than any foreign powers.

[Irish_Dem]

29. The oligarchs and foreign powers are aligned.

Which is usually the case in autocracies/fascism.

[Celerity]

23. Your maths are off

You said

People like Zuck or Mux or Kock could pay his fines 240,000 times over.

Let's posit Trumps fines and interest are 500m usd.

240,000 x 500,000,000 is 120 TRILLION

Charles Koch's net worth atm is $58.5 billion.

Musk is at $195.0 billion

Zuckerberg is at $178.9 billion

Bezos is at $195.7 billion

Bernard Arnault, the richest person on the planet atm, is $232.2 billion


https://www.forbes.com/real-time-billionaires/#4f599a983d78

[Traildogbob]

24. 👏👏

[orthoclad]

25. "240,000 x 500,000,000 is 120 TRILLION"

Yep. I'm not going to list the name of every US oligarch. Just some household names.

[Celerity]

35. Even if you added up every single US billionaire's net worth, you get nowhere near 120 trillion USD

U.S. Billionaires Now Worth a Record $5.2 Trillion

https://americansfortaxfairness.org/u-s-billionaires-now-worth-record-5-2-trillion/

The collective fortune of America’s 741 billionaires has grown to $5.2 trillion at the end of November 2023, the highest amount ever recorded according to an analysis by Americans for Tax Fairness (ATF). This is up an astounding $2.3 trillion (78%) since enactment of the Trump-GOP tax law in 2017—a fiscally irresponsible measure heavily slanted towards the rich that undoubtedly contributed to billionaires’ wealth growth over the last six years.

[Aviation Pro]

2. Where did Motherfucker get the money from?

Methinks either Lalo spotted him or bagman Orban came loaded with cash in that diplomatic pouch.

[Lovie777]

8. Musk delivered to shithole .....................................

by way of Orban/Putin.

[underpants]

13. Musk said he wouldn't give to Trump's CAMPAIGN

which seems like a glaring “tell” now.

[orthoclad]

15. US oligarchs know how to launder money.

[Ocelot II]

10. He had it all along. He just didn't want to spend any of his own money,

and he would probably have had to borrow cash if he didn't want to liquidate any assets. His problem is that he can't use campaign contributions from his suckers for this so he has to use his own funds.

[Wednesdays]

11. Smelvis met with Elon Musk recently, too. nt

[malaise]

12. I almost asked the question

about Orban's plane

[Liberal In Texas]

16. What a coincidence, Orban arrives and he's able to post his bond.

I guess he'll be stuffing those diplomatic bags with TFGs stolen classified material to give as payment to Putin.

[onenote]

20. It doesn't cost much to get a supersedeas bond.

I thought this had been explained on DU before, but apparently a lot of folks don't know how these bonds work.

Generally, the person obtaining a bond has to put up collateral to cover the bond. That could be real estate or other assets. Sometimes, the company providing the bond will issue it without full collateral and may charge a relatively modest fee -- often less than 1%

There is no doubt that Trump had access to sufficient collateral if that was required. More likely, he had to put up less than a half million in cash, if that much.

[Deuxcents]

5. I assume it had to be cash..how could that much be funded so soon

And which institution would fund it? Don’t ya have to report anything over 10,000?

[onenote]

21. No. The bond is an enforceable promise to pay, so no money is put up by the surety.

And the cost of obtaining the bond was probably nominal -- many bonds are secured by non-cash collateral, such as real estate, and in some instances the surety will require only partial, or even no, collateral and instead accept a nominal fee -- often less than 1 percent of the amount of the surety in the case of a well--funded recipient.

[bluesbassman]

27. Knowing TSF's penchant for not paying bills, wouldn't that be risky for the bond company?

They are now technically the one on the hook when he loses, right? If there’s no collateral backing the bond, they stand to los a lot of money.

[Irish_Dem]

31. They would be foolish to risk the money without collateral.

[onenote]

32. He probably had to put up collateral, but it probably wasn't cash.

A letter of credit, real estate, stock -- all sufficient.

I know folks like to believe Trump is broke, but Forbes still estimates his net worth at over $2.5 Billion.

[SARose]

30. Thanks for the info

Your responses were very interesting. I don’t know anything about bonds so I’m going to ask a dumb question

Who on Earth trusts Trump enough to guarantee he will pay this money when he loses his appeal?

[onenote]

33. Forbes estimates Trump's net worth at $2.6 billion.

I'm sure he has access to sufficient assets to provide collateral acceptable to a surety.

[malaise]

34. Which insurance company has helped him out here?

I missed that a while ago

[onenote]

36. The bond was issued by Federal Insurance Company, which is an affiliate of Chubb Limited.

Chubb is one of the largest insurance companies in the world.

[malaise]

37. Thanks n/t

[Ohio Joe]

6. Good

Now when he loses his appeal, she is guaranteed her money.

[underpants]

9. Much appreciated

[TSExile]

26. Hopefully, E. Jean will take a lot of that money and donate it to...

...Biden/Harris!! I know she's already said she wants to donate to women's shelters and organizations of that nature.

E. Jean is the real hero here. ♀️

[louis-t]

28. My guess is, that's about all he has.

He said in the past he had "$7 billion in cash" but that has never been true. He's begging Elon for money and promising him God knows what. He has been through this before. Read the Richard Branson interview where tsf invited him to Mar a Dumpo and told him for 2 hours about how he was going to get even with all the billionaires who wouldn't loan him money.