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.
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.
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.
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!!!
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.
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.
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.
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.
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.
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.