I like this guys work
I watched a few experts on the tube yesterday discussion corporate dealing, bankruptcy, seizures etc as it applies and they all agreed...on both sides... that to act as they are in 22 days to seize an asset is UNHEARD of... they said typically this takes years to play out in court.
If one doesn't see this as a political hatchet job...youre a dishonest personLawfare againstDonald Trump is approaching a new and dangerous phase
WillNew York state attorney general Letitia James really try to seize ahalf-billion dollars in Trump's assets as punishment for a non-existent crime?
Mar 22
I have aconfession.
I neverthought the show trial over Donald Trump’s loans would go this far. I neverthought New York state would seriously try to enforce the absurd $464 millionjudgment against Trump for his “crime” of borrowing money and paying it back.
I assumedthe adults would step in once the kids had had their fun putting Trump throughthe wringer, because the case was so obviously politically motivated. I figureda higher court would quickly reverse Judge Arthur Engoron’s verdict, or atleast that New York attorney general Letitia James would ensure Trump couldappeal.
I waswrong. It turns out Trump does not have $500 million lying around to post abond, which is a requirement for him to appeal the case. And it turns out thatJames is actively laying the groundwork to seize Trump’s assets. If Trump can’t post the bond by Monday, she may take them.
How do Iput this politely?
Everythingabout this case is insane.
I amtrying to find an understandable analogy for the basis of the case againstTrump, the crime he is supposed to have committed.
Here’s thebest I can do:
You decide to replace some windows. The contractor comes, quotesyou a price. You agree. He says, “Are you sure you can pay?”
You say “Yes, I have the money in my bank account.”
This is a lie. You don’t have the money in your account, but youare sure you’ll get it next week. You have a check coming.
He looks dubious but agrees.
He does the job. The money comes in as promised and you pay ontime. He is satisfied.
New York state finds out that you lied about having the money inyour account.
It claims you have committed fraud. And it takes your house.
—
I cannotkeep emphasizing this point enough: yes, Trump overstated the value of hisassets when he sought these construction loans.
But thebanks that lent him the money were enormous and sophisticated institutions wellaware of Trump’s penchant for exaggeration. They performed their own analysisof his assets and whether to make the loans. They made them happily.
AND TRUMPREPAID THEM.
In his owninitial decision against Trump in September, Engeron himself found:
“The record is devoid of any evidence of default, breach, latepayment, or any complaint of harm…”
He thenblithely rejected those facts as “completely irrelevant.”
If this iscivil fraud worthy of a nearly half-billion dollar penalty, then practicallyevery business owner in New York risks losing everything for any exaggeration.
You said your bagels were the best? We’re shutting your store!
You claimed LaGuardia is a great airport these days? Too bad,we’re fining you a billion dollars and seizing your planes!
You told investors you were close to a big new contract forsolar panels? Sorry, you weren’t actuallyclose,at least not in our opinion! Your factory is ours now!
—
Meanwhile,the coverage of the case has been a case study in how hatred for Trump distortsreporting. Here is how the Associated Press reported on Engeron’s initial ruingagainst Trump last September:
Judge Arthur Engoron, ruling in a civil lawsuit brought by New York AttorneyGeneral Letitia James, found that Trump and his company deceived banks,insurers and others by massively overvaluing his assets and exaggerating hisnet worth on paperwork used in making deals and securing loans…
Nowhere -NOWHERE - in the story did the AP acknowledge that Trump had repaid all theloans with interest.
So here weare. The leading opposition candidate for President risks having a huge chunkof his assets seized and sold by an official who is a member of the party inpower, for a “crime” which had no victims. Meanwhile the media leers.
The adults- if any are left - had better step in soon.
