I will guess Trump went through Knight to obfuscate the source of the cash…… Putin.
Wasn’t it a week or two ago that Orban made a visit to Mar-A-Lago? Could that figure into this somehow?
Wait, what? He says that Trump put up all the collateral in cash, and that he can’t recall if Trump also used bonds? He’s confident that he has very good collateral, which isn’t a thing you’d say if you’d simply been handed cash? I’m honestly not even sure what the most cynical read would be…
Mister Hankey is full of shit.
That an 80 year old Trump supporter did something really stupid.
Mr Hankey is trying to keep some aspects of the deal confidential, while reassuring the markets that his company will do alright out of the deal.
So, this is interesting.
It’s not the first time Hankey and Trump’s businesses were intertwined.
In 2022, Axos Bank, a California lender, loaned Trump $100 million to refinance the mortgage on Trump Tower.
Although Hankey is a leading shareholder in Axos and was at the time of the 2022 loan, he said he was not aware of the Trump Tower loan at the time.
Raise your hand if you are surprised to read that the bond filing for the $175m has been sent back by the state of NY because it needs ‘correcting’.
Item 1707, the very last on the list (as of now).
Delay is the name of the game.
but of course. hope they correct it by tomorrow.
I don’t think this is the type of delay favourable to Trump. If he doesn’t file an acceptable bond by tomorrow, then he’s not in compliance with the court’s order.
I’m not experience in reading these, and can’t find Item 1707. What does it say?
1707 BOND/UNDERTAKING Returned For Correction
it is the last item on page 23.
Thanks. ‘Returned For Correction’ doesn’t really say anything.
FWIW, I don’t know how to find page 23. All I see is this:
452564/2022 - New York County Supreme Court
Short Caption: PEOPLE OF THE STATE OF NEW YORK, by LETITIA JAMES, Attorney General of the State of New York v. Donald J. Trump et alCase Type: Commercial - Other (EL 63(12)Fraud Illegality)
Case Status: Active
eFiling Status: Full Participation Recorded
Assigned Judge: Arthur F. EngoronThere aren’t any documents that match your search criteria. Refresh original document list
EDIT: OK, I clicked on Case Detail and didn’t find anything. Then I clicked back on Document List and found 23 pages. Not a friendly page for lay persons.
EDIT 2: The Document List works in the post.
no it doesn’t give much detail. now we all want to know how it needs to be corrected. that answer may take a bit.
Educated guess, is that once again Trump and/or Knight added in some extremely favorable timeframes against normal operating guidelines just as in Trump’s prior bond.
But just an educated guess.
He is a MAGA billionaire (Forbes says 7.4 billion). $175 million is no big deal to him. He could have personally covered that himself. If he loses it, he could just consider it a donation to the cause. And mistakenly believe that Trump would owe him a favor.
A post on Twitter by Jeffrey Levine said it was returned for correction because he had not included a current financial statement and power-of-attorney.
Does this buy Trump yet more time? “Oopsie…we’ll need another month to get what you want.”
Or, is he still beholden to the time originally set for the bond to be posted?
Interestingly though, I saw something on the news which said the court is not requiring Trump to provide a financial statement…it is the company issuing the bond which has to do that. So, this MAGA guy will need to disclose financial statements sufficient to let the court know he/his company is actually able to cover the bond.
I wonder how keen he will be on doing that? MAGAts generally seem averse to such things.