# 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:** 161
**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:** [April 4, 2024, 11:39pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3202 "2024-04-04T23:39:55Z")
> [@EddyTeddyFreddy](#): > > But what about all that cash and stuff that Trump supposedly put up to back the bond? Huh? Huh? Yeah… Trump supposedly put up cash. ---
**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:** [April 4, 2024, 11:40pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3203 "2024-04-04T23:40:41Z")
Emphasis on “supposedly.” ---
**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:** [April 4, 2024, 11:45pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3204 "2024-04-04T23:45:13Z")
At some point doesn’t somebody have to put up some actual money for fucks sake?? Like, past tense already? ---
**Author:** ![Whack-a-Mole](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/whack-a-mole/32/141_2.png) [@Whack-a-Mole](https://boards.straightdope.com/u/Whack-a-Mole)\ **Post date:** [April 5, 2024, 12:01am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3205 "2024-04-05T00:01:44Z")
> [@TroutMan](#): > > It’s not really botched. The government has requested additional information. Well…kinda? I mean, the government is requesting information that should have been made in the original filing. I do not think putting up these bonds is anything new. The process is well established and well advertised. It’d be like my landlord (if I had one) demanding more information because I forgot to sign my rent check and giving me more time to do that. ---
**Author:** ![Chronos](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/chronos/32/134_2.png) [@Chronos](https://boards.straightdope.com/u/Chronos)\ **Post date:** [April 5, 2024, 12:09am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3206 "2024-04-05T00:09:36Z")
> [@Whack-a-Mole](#): > > I mean, the government is requesting information that should have been made in the original filing. I do not think putting up these bonds is anything new. The process is well established and well advertised. Especially for a company whose line of business is putting up bonds. ---
**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:** [April 5, 2024, 12:13am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3207 "2024-04-05T00:13:04Z")
> [@Johnny\_L.A](#): > > Yeah… Trump supposedly put up cash. I wonder if the cash looked like this? [![](https://images.ladbible.com/resize?type=webp&quality=70&width=3840&fit=contain&gravity=auto&url=https://images.ladbiblegroup.com/v3/assets/blt949ea8e16e463049/blt9cee4d49f62324e4/634f50091b2b4c7e80cf4d06/Trump-5k-buck-4c.png) ](https://images.ladbible.com/resize?type=webp&quality=70&width=3840&fit=contain&gravity=auto&url=https://images.ladbiblegroup.com/v3/assets/blt949ea8e16e463049/blt9cee4d49f62324e4/634f50091b2b4c7e80cf4d06/Trump-5k-buck-4c.png) ---
**Author:** ![snfaulkner](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/snfaulkner/32/433_2.png) [@snfaulkner](https://boards.straightdope.com/u/snfaulkner)\ **Post date:** [April 5, 2024, 12:20am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3208 "2024-04-05T00:20:35Z")
> **[We got our hands on Donald Trump's failed 1989 board game and it's bizarre](https://www.businessinsider.com/donald-trump-board-game-milton-bradley-2015-8)** > > VIDEO: A Trumpier version of Monopoly. 10 million Donny bucks was the smallest bill. ---
**Author:** ![TroutMan](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/troutman/32/6721_2.png) [@TroutMan](https://boards.straightdope.com/u/TroutMan)\ **Post date:** [April 5, 2024, 12:26am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3209 "2024-04-05T00:26:39Z")
> [@EddyTeddyFreddy](#): > > But what about all that cash and stuff that Trump supposedly put up to back the bond? Huh? Huh? > > Don’t tell me it didn’t really happen?!? NY does not care what Trump put up. They do not care if Knight gets paid. (Unless this bond falls through and NY needs to go after Trump’s funds directly. Then they will start caring about his collateral.) > [@Whack-a-Mole](#): > > Well…kinda? > > I mean, the government is requesting information that should have been made in the original filing. I do not think putting up these bonds is anything new. The process is well established and well advertised. Yeah, “kinda” is a good way to say it. It’s conceivable that Knight doesn’t know NY’s requirements for putting up bonds if they haven’t done it before. And maybe this isn’t a standard request, because NY generally has confidence in the surety companies, or access to their financial records through other means. But all that isn’t really pertinent if Knight isn’t even allowed to operate in NY, and if their initial submission misrepresented their reserves. That seems more like fraud than botching it. ---
**Author:** ![Gyrate](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gyrate/32/3588_2.png) [@Gyrate](https://boards.straightdope.com/u/Gyrate)\ **Post date:** [April 5, 2024, 12:30am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3210 "2024-04-05T00:30:05Z")
> [@TroutMan](#): > > That seems more like fraud than botching it. How ironic, and how typically Trumpian to commit fraud to pay for the fraud previously committed. ---
**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:** [April 5, 2024, 1:13am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3211 "2024-04-05T01:13:55Z")
> [@TroutMan](#): > > That seems more like fraud than botching it. Maybe they’ll get sued, who will post the bond for Knight in that situation? ---
**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:** [April 5, 2024, 1:35am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3212 "2024-04-05T01:35:39Z")
> [@Atamasama](#): > > Maybe they’ll get sued, who will post the bond for Knight in that situation? Obviously, Trump will pay Knight’s bond, using the same fictitious money that Knight used to pay Trump’s bond. ---
**Author:** ![eschereal](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/eschereal/32/18939_2.png) [@eschereal](https://boards.straightdope.com/u/eschereal)\ **Post date:** [April 5, 2024, 1:49am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3213 "2024-04-05T01:49:13Z")
Skimmed the [CNN](https://www.cnn.com/2024/04/04/politics/attorney-general-trump-bond-civil-fraud-case/index.html) story on this, and one isolated sentengraph really bought my eye, > [@](#): > > Trump’s attorney accused the attorney general’s office of trying to be purposely troublesome for the former president. ---
**Author:** ![penultima\_thule](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/penultima_thule/32/3833_2.png) [@penultima\_thule](https://boards.straightdope.com/u/penultima_thule)\ **Post date:** [April 5, 2024, 2:24am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3214 "2024-04-05T02:24:13Z")
> [@Atamasama](#): > > Maybe they’ll get sued, who will post the bond for Knight in that situation? That situation can be problematic for a lender of last resort. ---
**Author:** ![Thing.Fish](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/thing.fish/32/9168_2.png) [@Thing.Fish](https://boards.straightdope.com/u/Thing.Fish)\ **Post date:** [April 5, 2024, 2:48am UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3215 "2024-04-05T02:48:03Z")
> [@Whack-a-Mole](#): > > I mean, the government is requesting information that should have been made in the original filing. I do not think putting up these bonds is anything new. The process is well established and well advertised. > > It’d be like my landlord (if I had one) demanding more information because I forgot to sign my rent check and giving me more time to do that. Except if you kept doing that several times every month for eight years, falling further and further behind and then offering to pay in Bibles, your landlord would probably have lost patience with you by now. ---
**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:** [April 5, 2024, 6:16pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3216 "2024-04-05T18:16:14Z")
> [@TroutMan](#): > > NY does not care what Trump put up. They do not care if Knight gets paid. Perhaps I’m wrong (far from the first time), but I thought Trump had to put up real cash etc. in escrow to Knight in order for them to put up the bond? Wasn’t something like that what the trump camp said when the bond was announced? Wouldn’t that provide funds for paying NY? [Ah, yes:](https://abcnews.go.com/US/trump-secures-175-million-bond-new-york-civil/story?id=108715465) > “It was a relatively low number, and Donald Trump put up all the collateral in cash,” Hankey said. > > Hankey could not recall if Trump also used bonds as collateral for the finalized bond, noting that his company reviewed some of the former president’s bonds, which he said were as “grade-A bonds, investment grade quality securities.” > > “We’re confident that we have very good collateral,” Hankey said. ---
**Author:** ![hajario](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hajario/32/171_2.png) [@hajario](https://boards.straightdope.com/u/hajario)\ **Post date:** [April 5, 2024, 6:23pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3217 "2024-04-05T18:23:24Z")
> [@EddyTeddyFreddy](#): > > Perhaps I’m wrong (far from the first time), but I thought Trump had to put up real cash etc. in escrow to Knight in order for them to put up the bond? Wasn’t something like that what the trump camp said when the bond was announced? Wouldn’t that provide funds for paying NY? The bond company pays NY. Trump pays the bond company. NY doesn’t care if the bond company gets stiffed. They care that the bond company can cover the amount. ---
**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:** [April 5, 2024, 6:30pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3218 "2024-04-05T18:30:02Z")
Ah, gotcha. I take it the bond company can’t dip into Trump’s money until after they’ve paid the bond? ---
**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:** [April 5, 2024, 6:40pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3219 "2024-04-05T18:40:32Z")
This is the detail that smells especially fishy. I’m no expert in surety bonds, but why would Trump pay a fee for a bond collateralized by cash, when he could just as easily put up the cash and paid no fee? Someone asked this earlier and if it was answered, I missed it. Maybe there’s some advantage. Because otherwise it makes no sense and reeks of the typical Trump skullduggery. Any ideas? ---
**Author:** ![DrDeth](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@DrDeth](https://boards.straightdope.com/u/DrDeth)\ **Post date:** [April 5, 2024, 7:02pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3220 "2024-04-05T19:02:08Z")
> [@EddyTeddyFreddy](#): > > We’re confident that we have very good collateral,” Hankey said. “Very good collateral, the best, the greatest ever”.. 1000 cases of trump shoes and bibles. 🤪 ---
**Author:** ![ThelmaLou](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/thelmalou/32/390_2.png) [@ThelmaLou](https://boards.straightdope.com/u/ThelmaLou)\ **Post date:** [April 5, 2024, 7:04pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/3221 "2024-04-05T19:04:52Z")
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