# NY AG Letitia James drops the (civil) hammer {On Trump & Family} \[9/21/2022\] **URL:** \ **Category:** Politics & Elections\ **Tags:** trump\ **Created:** [September 21, 2022, 4:13pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991 "2022-09-21T16:13:24Z")\ **Posts on this page:** 20\ **Page:** 109
**Author:** ![bobot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bobot/32/21622_2.png) [@bobot](https://boards.straightdope.com/u/bobot)\ **Post date:** [February 16, 2024, 11:39pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2162 "2024-02-16T23:39:19Z")
Can we get back to wondering how bonds work?? ---
**Author:** ![Pleonast](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pleonast/32/1183_2.png) [@Pleonast](https://boards.straightdope.com/u/Pleonast)\ **Post date:** [February 16, 2024, 11:39pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2163 "2024-02-16T23:39:41Z")
> [@Riemann](#): > > Surely the part of the judgment that bars him from conducting business will not prevent him selling or mortgaging NY assets for the purpose of _satisfying_ the judgment. I think the judgement would prevent _him_ from doing business to satisfy it. That’s why there’ll be a court-appointed conservator. ---
**Author:** ![Euphonious\_Polemic](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/euphonious_polemic/32/3002_2.png) [@Euphonious\_Polemic](https://boards.straightdope.com/u/Euphonious_Polemic)\ **Post date:** [February 16, 2024, 11:40pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2164 "2024-02-16T23:40:12Z")
> [@Riemann](#): > > he will need to put up collateral worth $400mm Yes, but my point is when they come to collect that collateral, Trump will delay, delay, delay as much as he can. And if (God Forbid) he’s president, they’re NEVER going to see any money. Not even their fee. And that has to be built into the business decision whether or not to go ahead. ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 16, 2024, 11:43pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2165 "2024-02-16T23:43:23Z")
> [@Euphonious\_Polemic](#): > > Yes, but my point is when they come to collect that collateral, Trump will delay, delay, delay as much as he can. No, a commercial loan like this is going to be ironclad. You don’t pay, you signed a contract that says you no longer own that building on Fifth Avenue. It’s not some bullshit thing like refusing to pay a supplier where you have to go after Trump for money and there’s going to be a years-long court case to settle it. ---
**Author:** ![DavidNRockies](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidnrockies/32/6279_2.png) [@DavidNRockies](https://boards.straightdope.com/u/DavidNRockies)\ **Post date:** [February 16, 2024, 11:45pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2166 "2024-02-16T23:45:24Z")
A bit of Q&A about the judgment and its repayment: > **[Explainer-How will Trump pay his $355 million civil fraud judgment?](https://www.yahoo.com/news/explainer-trump-pay-355-million-224103525.html)** > > Donald Trump's $355 million civil fraud judgment could squeeze the former U.S. president's cash reserves in the coming months and sharply limit his ability to obtain credit. Here is an explanation for how the Friday order by a New York state judge... ---
**Author:** ![Odesio](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/odesio/32/20003_2.png) [@Odesio](https://boards.straightdope.com/u/Odesio)\ **Post date:** [February 16, 2024, 11:46pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2167 "2024-02-16T23:46:21Z")
> [@Johnny\_L.A](#): > > Actually, or are you being sarcastic? I don’t subscribe to his website. It’s just more of the same things we’ve heard him say throughout the entire trial. And I’m so used to his bloviating that I can’t help but thing, yeah, he’s taking it well. ---
**Author:** ![DavidNRockies](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidnrockies/32/6279_2.png) [@DavidNRockies](https://boards.straightdope.com/u/DavidNRockies)\ **Post date:** [February 16, 2024, 11:50pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2168 "2024-02-16T23:50:24Z")
With Trump and his supporters, it’s as though they have a number of dice, each with six right wing buzz words on it. When they want to create a social media post, they just roll the dice and ‘say what you see.’ It’s like Conservative Sesame Street that way. ---
**Author:** ![Euphonious\_Polemic](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/euphonious_polemic/32/3002_2.png) [@Euphonious\_Polemic](https://boards.straightdope.com/u/Euphonious_Polemic)\ **Post date:** [February 16, 2024, 11:54pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2169 "2024-02-16T23:54:13Z")
> [@Riemann](#): > > No, a commercial loan like this is going to be ironclad. You don’t pay, you signed a contract that says you no longer own that building on Fifth Avenue Got it. I like the term ironclad. ---
**Author:** ![Leaper](https://avatars.discourse-cdn.com/v4/letter/l/4bbf92/32.png) [@Leaper](https://boards.straightdope.com/u/Leaper)\ **Post date:** [February 16, 2024, 11:55pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2170 "2024-02-16T23:55:33Z")
If Trump is president, he could just send the FBI to arrest senior bank executives, then. Actually, regardless of whether he could or would, I want him to _threaten_ it. Often and loudly. As well as threats to nationalize Google and Amazon and other such companies unless they play ball and give him unfettered access to all information on his enemies. That’d be great for his campaign; really show how tough he is and how determined he is to drain the swamp. ---
**Author:** ![Atamasama](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/atamasama/32/12961_2.png) [@Atamasama](https://boards.straightdope.com/u/Atamasama)\ **Post date:** [February 16, 2024, 11:59pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2171 "2024-02-16T23:59:27Z")
Your comment suddenly reminded me of Han Solo negotiating with Greedo in the first Star Wars film; “I don’t have it _with_ me…” Though Trump bears a stronger resemblance to Jabba than Han. I too am curious if it turns out that Trump having a massive debt that he **must** pay for legal reasons ends up like yanking the bottom out of a house of cards, where he has a bunch of properties he’s in debt for defaulting one after another. How would that all play out? ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 17, 2024, 12:04am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2172 "2024-02-17T00:04:12Z")
> [@Euphonious\_Polemic](#): > > I like the term ironclad. I mean, that’s assuming all he can hope for is a loan on commercial terms, of course. When half the country has lost its mind, I have no idea what resources this guy at Axos might have, or others who might give him a favorable loan because they think he’s the messiah. ---
**Author:** ![Euphonious\_Polemic](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/euphonious_polemic/32/3002_2.png) [@Euphonious\_Polemic](https://boards.straightdope.com/u/Euphonious_Polemic)\ **Post date:** [February 17, 2024, 12:07am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2173 "2024-02-17T00:07:44Z")
> [@Riemann](#): > > I have no idea what resources this guy at Axos might have Axos has 14 billion in assets, but it’s a publicly traded company on the NYSE, so it’s not like one guy holds the purse strings. If I had any money in Axos (trading as Ax), I’d get it out as fast as possible. ---
**Author:** ![CoolHandCox](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/coolhandcox/32/16233_2.png) [@CoolHandCox](https://boards.straightdope.com/u/CoolHandCox)\ **Post date:** [February 17, 2024, 12:12am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2174 "2024-02-17T00:12:21Z")
Two things: 1. Wow. A lot of money and real consequences. This is what I/we suspected but it hit me different when it became official. 2. re: getting money. To me, there’s real loans/lenders, and fake loans/lenders. They will both come from legit places, but the fake ones don’t really care about getting paid back - that’s not the point. For example, a real person/bank can easily and legitimately loan this kind of money, but not care about getting paid back. For a Presidential candidate/Trump, it’s more about influence. ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 17, 2024, 12:16am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2175 "2024-02-17T00:16:14Z")
And Axos stock is up a lot this year, so presumably management is doing something right. I wish the stock were already in the toilet, that would make things much more difficult. Still, $400M is huge on a total balance sheet of $14 billion, it’s not like this is JPM-Chase. ---
**Author:** ![Steve\_MB](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/steve_mb/32/5339_2.png) [@Steve\_MB](https://boards.straightdope.com/u/Steve_MB)\ **Post date:** [February 17, 2024, 12:22am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2176 "2024-02-17T00:22:01Z")
> [@Riemann](#): > > the backstop being Dog The Bounty Hunter going after him I would totally subscribe to that on pay-per-view. ---
**Author:** ![DavidNRockies](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidnrockies/32/6279_2.png) [@DavidNRockies](https://boards.straightdope.com/u/DavidNRockies)\ **Post date:** [February 17, 2024, 12:37am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2177 "2024-02-17T00:37:35Z")
“I’m Harlan Crow and I _approved_ this message.” ---
**Author:** ![The\_Stainless\_Steel\_Rat](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/the_stainless_steel_rat/32/5727_2.png) [@The\_Stainless\_Steel\_Rat](https://boards.straightdope.com/u/The_Stainless_Steel_Rat)\ **Post date:** [February 17, 2024, 12:48am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2178 "2024-02-17T00:48:49Z")
> [@Atamasama](#): > > I too am curious if it turns out that Trump having a massive debt that he **must** pay for legal reasons ends up like yanking the bottom out of a house of cards, where he has a bunch of properties he’s in debt for defaulting one after another. How would that all play out? Well, the man has declared bankruptcy more than once in the past. Truth be told, I’m not either financially or legally knowledgeable to opine if that is an option for him, but I’m sure others here may have better sources than I. Press on. ---
**Author:** ![Saint\_Cad](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/saint_cad/32/18907_2.png) [@Saint\_Cad](https://boards.straightdope.com/u/Saint_Cad)\ **Post date:** [February 17, 2024, 1:13am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2179 "2024-02-17T01:13:43Z")
> [@BobLibDem](#): > > Just to play devil’s advocate, how does one undervalue a property for taxation purposes? The way I’ve seen it done, and BTW perfectly legal, is with your 40 acres you split off the 1 acre with the house and the other 39 acres is now taxed as unimproved land. ---
**Author:** ![Moriarty](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/moriarty/32/49_2.png) [@Moriarty](https://boards.straightdope.com/u/Moriarty)\ **Post date:** [February 17, 2024, 1:21am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2180 "2024-02-17T01:21:42Z")
For all this talk of posting a bond during an appeal, it should be noted that there is not likely to be any _basis_ to appeal. An appeal isn’t just another bite at the apple. An appellate court will accept the facts that the trial judge determined to be true and correct. The issue will be whether a _legal_ decision was incorrect. And in all of donald’s trials (well, except for one), the judges have taken pains to be thorough and correct. Let him appeal. He’s going to lose. And the verdict will stick in the meantime. ---
**Author:** ![EddyTeddyFreddy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/eddyteddyfreddy/32/18796_2.png) [@EddyTeddyFreddy](https://boards.straightdope.com/u/EddyTeddyFreddy)\ **Post date:** [February 17, 2024, 1:42am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2181 "2024-02-17T01:42:27Z")
Correct, but the loser in a court case pretty much always can go ahead and appeal, since it’s the appellate court that will look at garbage and say “This is garbage. Git!” The whole point for Trump is to stretch everything out, delay, delay, and hope he gets elected King For Life. [Previous page](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991.md?page=108) [Next page](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991.md?page=110)