# 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:** 146
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [March 22, 2024, 3:36pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2902 "2024-03-22T15:36:35Z")
> [@hajario](#): > > Could she size them and immediately sell them and keep what she gets ? I don’t think so. Apparently he’s bound by contract not to sell them for 6 months. (Yeah, Trump, contracts, I know.) If she seizes them, the usual rule is that you’re subrogated: you get the rights of the person you acquired the asset from. So I would think she wouldn’t be able to sell them for six months, either. But I dunno. ---
**Author:** ![Horatius](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/horatius/32/3572_2.png) [@Horatius](https://boards.straightdope.com/u/Horatius)\ **Post date:** [March 22, 2024, 3:38pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2903 "2024-03-22T15:38:08Z")
> [@hajario](#): > > Could she size them and immediately sell them and keep what she gets? Better (and funnier!) to let him sell them, and then seize the cash. At least with cash, you don’t have to speculate about what it’s worth in cash. 😃 ---
**Author:** ![Johnny\_Bravo](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_bravo/32/493_2.png) [@Johnny\_Bravo](https://boards.straightdope.com/u/Johnny_Bravo)\ **Post date:** [March 22, 2024, 3:38pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2904 "2024-03-22T15:38:16Z")
> [@Northern\_Piper](#): > > Apparently he’s bound by contract not to sell them for 6 months. (Yeah, Trump, contracts, I know.) The board of the new company (which is full of Trump cronies) can waive that period and let him sell immediately. Doing so will undoubtedly burst the bubble, but it would potentially get him the cash he needs, I guess depending on how quickly the stock tanks. ---
**Author:** ![Stratocaster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stratocaster/32/16393_2.png) [@Stratocaster](https://boards.straightdope.com/u/Stratocaster)\ **Post date:** [March 22, 2024, 3:40pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2905 "2024-03-22T15:40:18Z")
That would absolutely crater the price and have the SEC up their asses post haste. Ain’t gonna happen. ---
**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:** [March 22, 2024, 3:46pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2906 "2024-03-22T15:46:47Z")
> [@Stratocaster](#): > > and have the SEC up their asses post haste So, Trump could extract money while leaving cronies to take the heat? I’m sure that’s never happened before. ---
**Author:** ![Stratocaster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stratocaster/32/16393_2.png) [@Stratocaster](https://boards.straightdope.com/u/Stratocaster)\ **Post date:** [March 22, 2024, 3:50pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2907 "2024-03-22T15:50:22Z")
Well, if his pals’ counsel is competent, they ain’t gonna set themselves up for an SEC proctological exam. Those SOBs render fines that get your attention and that make sure the gain was not worth it. Hell, they can shut you down. Don’t @#$& with the SEC. They’re a league of assassins in bad suits. ---
**Author:** ![simster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/simster/32/1047_2.png) [@simster](https://boards.straightdope.com/u/simster)\ **Post date:** [March 22, 2024, 3:56pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2908 "2024-03-22T15:56:55Z")
He just posted on ‘trump social’ that he has 500 million in cash… [\> THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SUBSTANTIAL AMOUNT OF WHICH I INTENDED TO USE IN MY CAMPAIGN FOR PRESIDENT. THE OFTEN OVERTURNED POLITICAL HACK JUDGE ON THE RIGGED AND CORRUPT A.G. CASE, WHERE I HAVE DONE NOTHING WRONG, KNEW THIS, WANTED TO TAKE IT AWAY FROM ME, AND THAT’S WHERE AND WHY HE CAME UP WITH THE SHOCKING NUMBER WHICH, COUPLED WITH HIS CRAZY INTEREST DEMAND, IS APPROXIMATELY $454,000,000. I DID NOTHING WRONG EXCEPT WIN AN ELECTION IN 2016 THAT I WASN’T EXPECTED TO WIN, DID EVEN BETTER IN 2020, AND NOW LEAD, BY A LOT, IN 2024.THIS IS COMMUNISM IN AMERICA!](https://truthsocial.com/@realDonaldTrump/posts/112139048661343988) ---
**Author:** ![Procrustus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/procrustus/32/2994_2.png) [@Procrustus](https://boards.straightdope.com/u/Procrustus)\ **Post date:** [March 22, 2024, 3:59pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2909 "2024-03-22T15:59:05Z")
He clearly doesn’t know what communism is. And the “crazy interest demand” was mandated by NYS law. I do note that he no longer says he won in 2020, but only that he did “better,” which could be an accurate reference to getting more votes that year. ---
**Author:** ![wolfpup](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wolfpup/32/10618_2.png) [@wolfpup](https://boards.straightdope.com/u/wolfpup)\ **Post date:** [March 22, 2024, 4:02pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2910 "2024-03-22T16:02:04Z")
> [@Procrustus](#): > > He clearly doesn’t know what communism is. He clearly also doesn’t know what the words “hard work” and “talent” mean. Luck, however, he has in abundance – that I’ll grant. ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [March 22, 2024, 4:56pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2911 "2024-03-22T16:56:26Z")
> [@Procrustus](#): > > He clearly doesn’t know what communism is “I’m rich and they want to take my money away! Communism!” I can see that argument working with rich people. 😀 ---
**Author:** ![Horatius](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/horatius/32/3572_2.png) [@Horatius](https://boards.straightdope.com/u/Horatius)\ **Post date:** [March 22, 2024, 5:20pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2912 "2024-03-22T17:20:26Z")
> [@Procrustus](#): > > And the “crazy interest demand” was mandated by NYS law. That’s the part that annoys me. He’s complaining about having to post a bond, and having to pay interest, but that’s all perfectly standard for anyone in his situation. But he’s acting like it’s being uniquely applied to him! It’s just classic privileged rich white guy stuff. How dare that regular law apply to MEEEEEE!!! ---
**Author:** ![anny\_m](https://avatars.discourse-cdn.com/v4/letter/a/96bed5/32.png) [@anny\_m](https://boards.straightdope.com/u/anny_m)\ **Post date:** [March 22, 2024, 6:16pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2913 "2024-03-22T18:16:32Z")
I just read an article (sorry, no link) that said that if Trump sells assets to make the bond and those assets have appreciated in value, he will have to pay long-term capital gains tax. If New York seizes those assets, is the tax still owed? If so, how does it work? If New York seizes a property bought several years ago for $50 million, but now worth $100 million, there should be $10 million in capital gains tax due (20% of $50 million gain). Is that owed upon seizure of the property or when it is sold? I would assume New York pays the tax when the property is sold and applies $90 million to the amount Trump owes (the $100 million sales price minus the $10 million tax bill) but tax stuff can get squirrely. ---
**Author:** ![Measure\_for\_Measure](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/measure_for_measure/32/557_2.png) [@Measure\_for\_Measure](https://boards.straightdope.com/u/Measure_for_Measure)\ **Post date:** [March 22, 2024, 6:17pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2914 "2024-03-22T18:17:29Z")
Never mind. I was about to apply Trump’s Razor, but Stratocaster’s post was about the SEC getting on the board of director’s case. To that, some journalists have implied that there are workarounds without elaboration or mention of the SEC. So I’m left unsure. ---
**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:** [March 22, 2024, 7:27pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2915 "2024-03-22T19:27:05Z")
> [@Horatius](#): > > But he’s acting like it’s being uniquely applied to him! It goes along with his complete and total narcissism. “Nobody knows more about (fill in blank) than MEEEE.” “Nobody knew about (fill in blank) until someone told MEEE about it yesterday.” “I alone can fix it” Of course he thinks this is a unique situation, applicable only to himself. Because he has never considered that there is anyone else in the world, other than MEEEEEE. ---
**Author:** ![Johnny\_L.A](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_l.a/32/1084_2.png) [@Johnny\_L.A](https://boards.straightdope.com/u/Johnny_L.A)\ **Post date:** [March 22, 2024, 7:40pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2916 "2024-03-22T19:40:07Z")
Insert the ‘Captain Subtext’ scene from _Coupling_. ---
**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:** [March 22, 2024, 7:44pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2917 "2024-03-22T19:44:31Z")
I like how all that cash he has was “intended to be used in my campaign for president.” See, he’s only begging his followers for money because of the meaney judge. Otherwise, he’d _totally_ self fund this run for president. ---
**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:** [March 22, 2024, 8:03pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2918 "2024-03-22T20:03:53Z")
From this point on, whenever we hear a MAGAt complain about unfair it is that Trump’s property is being seized, we can point to his claim of having nearly $500,000,000 in cash. Of course if it really had that much in cash I imagine that’s the first thing that would be seized. ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [March 22, 2024, 8:22pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2919 "2024-03-22T20:22:59Z")
> [@Odesio](#): > > Of course if it really had that much in cash I imagine that’s the first thing that would be seized. So what he’s saying is that he has $500,000,000, and his lawyers are saying it’s impossible to make the bond because he doesn’t have liquid assets in that amount, so he shouldn’t have to post more than $100,000,000. I think lawyers for the AGNY can now file a Twuth and argue that Trump should be required to pay the full amount, based on his own statement that he has the cash. ---
**Author:** ![ParallelLines](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/parallellines/32/3575_2.png) [@ParallelLines](https://boards.straightdope.com/u/ParallelLines)\ **Post date:** [March 22, 2024, 8:33pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2920 "2024-03-22T20:33:46Z")
Or as said upthread: > [@Gyrate](#): > > That sound you hear in the background are his lawyers shouting “_Shut the fuck up, Donny!_” ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [March 23, 2024, 12:02am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2921 "2024-03-23T00:02:04Z")
I’m envisioning an SNL skit with his lawyers setting around their computers watching Trumps twuths in real time taking shots after each one while vigorously working on a response as they get shit faced. [Previous page](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991.md?page=145) [Next page](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991.md?page=147)