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marmar

(79,797 posts)
Fri Feb 16, 2024, 09:29 PM Feb 2024

Trump owes more than you think [View all]


(Salon) Tallying up all the fees and penalties heaped upon Donald Trump in fairly quick succession, he looks to owe even more on top of what's been read out in recent court decisions, such as his non-victorious NY civil fraud trial.

After the $83.3 million sum awarded to E. Jean Carroll on Jan. 26 — layered on top of the $5 million he already owes her from last year — and now the $355 million from his civil fraud trial, his grand total will increase after factoring in a 9 percent interest rate in this most recent ruling.

Faced with this financially crippling sum, Trump will likely find it more difficult than he normally would to ready an additional appeal, with New York Supreme Court Justice Arthur F. Engoron blocking him from borrowing money at any bank in New York for three years, according to The Daily Beast. .................(more)

https://www.salon.com/2024/02/16/factoring-in-prejudgment-interest-could-actually-owe-over-400-million/?in_brief=true




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9%/year. OAITW r.2.0 Feb 2024 #1
I'm hearing the state law changed.... lastlib Feb 2024 #30
Heard that too, What's this debt worth? HI RISK, HI INTEREST, OAITW r.2.0 Feb 2024 #32
He'll need to get a loan from Prince Bonesaw QED Feb 2024 #2
Or Jared. CrispyQ Feb 2024 #5
One of the NBC pundits went on & on about how many properties Trump owns, CrispyQ Feb 2024 #3
"You know the nice part about me? I don't need anybody's money." - Trump, 2015 bhikkhu Feb 2024 #15
Lawrence just played this video. eppur_se_muova Feb 2024 #19
Not tax deductible either. C_U_L8R Feb 2024 #4
Prejudgment interest is owed on these sums LetMyPeopleVote Feb 2024 #6
With interest he actually owes about $620 million VMA131Marine Feb 2024 #7
Vlad's couch cushions. rubbersole Feb 2024 #29
I love it when a story starts out with, "once apon a time" or "faced with a financially crippling sum" Botany Feb 2024 #8
They know he's going to drag his little feet on this Warpy Feb 2024 #9
Time to sell off his properties in N.Y. State such as the Trump Tower in Manhattan. Botany Feb 2024 #10
All he owns of that building is his apartment Warpy Feb 2024 #21
If Trump had just put the money he got from his Dad into a simple index fund he would be fine now Botany Feb 2024 #37
He wouldn't have been able to buy up a jailbait beauty pageant Warpy Feb 2024 #39
It's going to cut into Don Jrs. cocaine bills. NNadir Feb 2024 #11
Coke Junior's dealer is now demanding payment up front. madinmaryland Feb 2024 #14
Kimberly could chip in. She's famous for lap dances for contributions. rubbersole Feb 2024 #31
Wait a sec, I thought he said he pays his bills, unlike NATO! BigmanPigman Feb 2024 #12
Need some edumacation here. From what I understand, anyone found guilty of a civil case like in E. Jean Cheezoholic Feb 2024 #13
Several people have mentioned a 20% deposit is needed. Not a lawyer myself, but I keep hearing that. nt eppur_se_muova Feb 2024 #20
As I understand it kwijybo Feb 2024 #24
Not exactly in a bargaining positiopn to get top dollar on assets either I would think Cheezoholic Feb 2024 #28
HA ! Love the Bart Simpson reference in your name ! nt eppur_se_muova Feb 2024 #36
I think all of the MAGAts in the entire country.. Permanut Feb 2024 #16
If all of his properties were worth what he said they were, Bayard Feb 2024 #17
See "Morgaged to the hilt" in the dictionary kwijybo Feb 2024 #25
David Kay Johnston just said the New York legislature lowered post judgemt interest to only 2%. SunSeeker Feb 2024 #18
Even at 2% considering the judgement...that's a lot. Yes, I want to see him in jail for his crimes, but him being PortTack Feb 2024 #22
The money will come from selling more classified information. AZ8theist Feb 2024 #27
I certainly hope nobody bails him out. SunSeeker Feb 2024 #34
The more the merrier. Dave Bowman Feb 2024 #23
IMO he has next to nothing at all and is living hand to mouth on what he raises for his campaign funds. Ford_Prefect Feb 2024 #26
Seriously though... MontanaMama Feb 2024 #33
Does the Uniform Commercial Code come into play? no_hypocrisy Feb 2024 #35
And how will he pay his lawyers? Wicked Blue Feb 2024 #38
Did his 2016 campaign pay all their bills? Delmette2.0 Feb 2024 #40
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