Donald Trump to take the stand!

Althea said:
Surprisingly, NY is a small piece of his portfolio but for some reason Mar A Shithole is also part of this suit.

Evidently the receiver's number one priority is to run/manage the properties to maximize any profits if they're liquidated or retained.

I believe any sale would be to fund the penalties imposed by the court. Otherwise, they can be managed by anyone but a trump criminal with the profits going to trump.

I find it interesting that there has been a freeze in order to keep the criminal from transferring any assets until this is settled.
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Ya, but the problem remains in a heavy leveraged portfolio.


the properties are like Domino's in a chain, ready to knock each other down.

Trump would have covenants within his loan doc's to provide a minimum ASSESSED value on the properties that guarantee the other properties. And all his properties will be leveraged together.

So it is one thing when one property suddenly has a 15% loss in assessed value, or is sold for 15% below that, and the banks demand a top up, to get the leverage back within the defined bouds and quite another when, now the the properties are sold by a Receiver, with all proceeds going to the State and not to the bank, to cover the other loans.

The Banks have to consider all those NYS properties and maybe some others caught up, are going to ZERO.
 
PostmodernProphet said:
you people are going to be so disappointed......
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I am actually saying this to try and help you, so you should accept the help.

Until you can demonstrate the slightest iota of knowledge about Real Estate law, you should really not speak.

The adage absolutely applies here to you ...'better to be silent and thought a fool, then to speak and remove all doubt'.


Every time you speak on Real Estate law or law in general you get it wrong. 100% of the time.
 
QP! said:
Ya, but the problem remains in a heavy leveraged portfolio.


the properties are like Domino's in a chain, ready to knock each other down.

Trump would have covenants within his loan doc's to provide a minimum ASSESSED value on the properties that guarantee the other properties. And all his properties will be leveraged together.

So it is one thing when one property suddenly has a 15% loss in assessed value, or is sold for 15% below that, and the banks demand a top up, to get the leverage back within the defined bouds and quite another when, now the the properties are sold by a Receiver, with all proceeds going to the State and not to the bank, to cover the other loans.

The Banks have to consider all those NYS properties and maybe some others caught up, are going to ZERO.
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I would say that liquidation goes to pay the notes, and penalties come from his personal money.

He can always get his followers to donate, or find some way to make this all look like 'legal' expenses that his PACs are now paying
 
Althea said:
I would say that liquidation goes to pay the notes, and penalties come from his personal money.

He can always get his followers to donate, or find some way to make this all look like 'legal' expenses that his PACs are now paying
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No. Trump and his banks would only get any money from the State appointed Receiver Liquidation after the State award is satisfied, if there is any money left.

Remember James put in a MINIMUM amount for this suit of $250MM but experts suggest by the time the award is finalized, in this next section of court it will be closer to $1B if not more.


And when a Receiver dispenses with properties, they almost always draw far less than market value, as the buyers know two things. The Receiver (unlike the owner) is not concerned about getting top dollar, as much as they are in just trying to get things done neat and tidy and earn their fees. And second, the receiver is under time constraints. Unlike a seller,not happy with the prices being offered and who might just decide to not sell and try again years later, the receiver will take the best price offered.


And while his derps would bankrupt themselves to try and make sure Trump could continue to sit on gold toilets, Jack Smith is also investigating that and I expect charges to be filed against his various PAC's and the proceeds seized pending the litigation close. So i doubt Trump would get away with that.

Russian and Saudi money is his best bet. Suddenly a guarantor might appear, who would give the banks on any remaining Trump properties a guarantors agreement to keep Trump afloat.
 
Concart said:
Yep, I forgot that this is a bench trial.
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Which is just so delicious.

Of all the Judges Trump has got, he hates this one at the top of his list.

And the only reason he is getting a Bench Trial and not the jury trial he wants, is because his lawyer Alina Habba, screwed up, yet again. She has made many obvious screw ups even being called out by Fox TV host Laura Ingraham for not filing necessary filings prior to make sure Trump was protected.

Trump is raging that he won't get a jury trial in New York — but that was his choice

As Raw Story explained weeks ago, Donald Trump's lawyers gave up their right to a jury trial in the fraud case in New York.

...
Early on Wednesday morning, Trump's rage began with rants and elaborate claims...

..."I have a Deranged, Trump Hating Judge, who RAILROADED this FAKE CASE through a NYS Court at a speed never seen before, refusing to let it go to the Commercial Division, where it belongs, denying me everything, No Trial, No Jury. He made up this crazy 'KILL TRUMP' decision, assigning insanely low values to properties, despite overwhelming evidence..."

He didn't mention that the reason there is no jury is that his own team did not request one.

Now Trump is alleging the judge is a "political hack judge."

"I have had very unfair judges since entering politics, but nobody has been as unhinged as this guy," Trump claims.

"Donald Trump's lawyers screwed up again," trial lawyer Michael Popok said when talking about the development. "His then-lawyer Alina Habba screwed up the procedures in New York, didn't file the appropriate paper on time, and therefore, Donald Trump was properly denied a jury trial.",...
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But you know Alina Habba is pretty and she says nice things about Trump on TV which is ultimately what he values most!


:laugh:
 
Concart said:
Yes. However in a civil trial, pleading the fifth CAN be considered by the jury in making their decision. It can be weighed as evidence in favor of the plaintiff, in this case, New York.
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It is weighed against a civil trial defendant because it is effectively an admission of criminal conduct. In a criminal trial this wouldn't be an issue because the defendant could not be compelled to testify.
 
Concart said:
Yes. However in a civil trial, pleading the fifth CAN be considered by the jury in making their decision. It can be weighed as evidence in favor of the plaintiff, in this case, New York.
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Thanks. This is a non-jury trial, correct? Can the judge tell the Toadstool to answer a particular question even if he takes the 5th?
 
QP! said:
Russian and Saudi money is his best bet. Suddenly a guarantor might appear, who would give the banks on any remaining Trump properties a guarantors agreement to keep Trump afloat.
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What a great synopsis; thanks! As for Russia, with all the war turmoil, do you think Trump's good buddy Vlad would be able or willing to give him a hand, so to speak? Maybe the Saudis. They owe him big time for refusing to do a thing about the Khashoggi murder.
 
QP! said:
Which is just so delicious.

Of all the Judges Trump has got, he hates this one at the top of his list.

And the only reason he is getting a Bench Trial and not the jury trial he wants, is because his lawyer Alina Habba, screwed up, yet again. She has made many obvious screw ups even being called out by Fox TV host Laura Ingraham for not filing necessary filings prior to make sure Trump was protected.



But you know Alina Habba is pretty and she says nice things about Trump on TV which is ultimately what he values most!


:laugh:
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I see an appeal for ineffective counsel or whatever it's called, coming up.
 
ThatOwlWoman said:
Thanks. This is a non-jury trial, correct? Can the judge tell the Toadstool to answer a particular question even if he takes the 5th?
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That is an interesting question.

Generally the answer is no. No one can be forced to say something that might incriminate them in a criminal trial.

But it can be considered that you waved the 5th if you have already spoken on the topic in public. Meaning you cannot claim the 5th in court and then go out to the media and answer the same questions. So we might see James test that, if Trump pleads the 5th to question and ask for a hearing to demonstrate he has already waved the 5th on that question, because, after all, what topic has Trump not talked about in public already.


ThatOwlWoman said:
What a great synopsis; thanks! As for Russia, with all the war turmoil, do you think Trump's good buddy Vlad would be able or willing to give him a hand, so to speak? Maybe the Saudis. They owe him big time for refusing to do a thing about the Khashoggi murder.
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Well Vlad was rumoured to have spread multi billion dollars in to the hands of numerous people, on his behalf, so he might be willing to use one of them as a guarantor. The question would be, does he consider Trump a good enough investment, which would tie in to how much he believes Trump has a chance to win this election. Because if Trump lost, the money would be lost.

So its a chance for Russia or Saudi to really gamble on Trump, when Trump will need them the most and will be desperate, if the award is costing him everything and forcing him in to bankruptcy. I am sure Trump would promise them any thing they wanted, if he wins, if they take that gamble.
 
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