Trump flunkie 1: “Lawyers are mad at us. Apparently there’s misleading statements in the bond.”
Trump flunkie 2: “So?”
Trump flunkie 1: “Lawyer sez we’re supposed to make these as accurate as possible.”
Trump flunkie 2: “SINCE WHEN?”
So … it’s been more than 10 hours since the midnight deadline. Is there any actual news yet?
It’s easy enough to get the information. Just Google “Trump legal case update” and it’s right there. /s
John T posted above a document that looks like it was filed last night at 10:02 pm. A document that contains a pretty major error in that it misidentifies the company that is providing the bond.
I still think that Trump is trying to secure both bonds (Carroll case and the NY Fraud case) with the same investment account.
Oh fine – I’ll do my own damn research. 
The documents reveal that the former president was forced to sign away rights to his account at the investment bank Charles Schwab–in which he claims to have more than $175 million.
The Schwab account in question appears to be different from another Schwab account Trump put up as collateral when he secured a $92 million bond through Chubb’s Federal Insurance Co. in his federal rape defamation case.
in Monday’s court filings, Knight contended that it “independently maintains more than $539 million in assets and $138 million in equity and has access to more than $2 billion in assets and $1 billion in equity, of which nearly $1 billion is cash and marketable securities, pursuant to a reinsurance agreement with its parent company, Knight Insurance Company.”
So it appears that the bond is legit … for now.
See above.
“appears to be different” I hope they’re looking into that carefully.
Yeah, me too. How many $100 million Schwab accounts could the guy have?
It’s still not clear to me how many of the deficiencies that we knew about could be considered terminal – including, but not limited to:
- Wording that promised that the Defendants (ie, Trump, et al), and NOT Knight, were guaranteeing payment
- Capitalization requirements met/unmet by Knight
- Holding company for Knight – the “Don’t worry, my Daddy’s rich” party in this Bond – chartered in the Cayman Islands
- Knight not licensed/certified in NY as a Surety
I’m assuming that overall impact/non-impact of all of that will be made clear on the 22nd.
In addition to those deficiencies, you can add the most recent “mistake” in the April 15 document that Trump signed in which the guarantor was misidentified as the “Federal Insurance Company”. I would think this “error” makes the whole April 15 document null and void, but I am the furthest thing from a lawyer.
I believe it was Donnie Jr. that did the signing.
[Wrong thread.]
the ag is asking the court to reject the bond in the civil fraud trial.
per msnbc
So then what?
I believe James is asking that the court give the Trump team 7 more days to find a reputable company to underwrite his bond that actually fulfills requirements, and then after that she can start seizing Trump assets.
Where are you all seeing this? Cuz I clicked over to MSNBC and they got nuthin’.
Let the asset seizures begin!
I guess that the idea is that this particular misbehavior was on the part of the bonding company, not Trump himself, and that he shouldn’t be punished because they’re sleazy. Never mind, of course, that he hired them precisely because they’re sleazy; the principle still applies.
So when, then?
(Please excuse me… yawn.)
The request from James is a new bond within 7 days. But it will be up to the judge to make the decision on whether or not the bond from Knight stands, or if a new bond is required, and if so, how long the Trump team has to get it.