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In reply to the discussion: Trump lawyers acknowledge civil fraud bond was issued without 'certificate of qualification' [View all]Jarqui
(10,918 posts)The above is beyond insulting.
The bulk of their information just got filed yesterday.
Prior to that, her response to this bond was absolutely right on. It stunk big time.
I sped read their docs. At a glance, part of what their latest documents leaves unclear (and maybe I missed something) is what other hooks are into the figures they cite - so what is net available if it comes time to collect and will it be there when that time comes..
And how will it work - who does AG James go to to collect the dough, etc.
They're cash and equivalents. What happens if the equivalents go in the toilet?
Maybe it is all fine. One can only digest so much in a flip through the docs over a very few minutes.
To me, it is what they should have submitted in the first place. But there is still a bunch she has to verify.
There is a very good chance she's going to have to collect this money so she has to make sure this is very solid. I can almost guarantee there is more info required.
It is not clear to me how it will work. Trump loses the appeal. Who pays? If that surety party doesn't, what is the mechanism to get someone else to step up - the backs of the insurance company? I did not see any agreements like that. (maybe I missed them)
What you don't want, particularly with Trump, is some flimsy clause that lets Trump take them to court for another ten years to fight over collecting the bond.
I think AG James did a heck of a job in this case and she has been absolutely right in forcing these steps to make sure the path is clear to collect with no games.