‘Fire Sale’ – Turley Talks About the Poison Pill the Judge Inserted in Trump Ruling
“It looks like you’re trying to appeal a court order to take your home, but you have to sell your home to appeal the order,” Turley told “The Story” host Martha MacCallum. “And I don’t think that Trump is going to have to liquidate assets, particularly if he goes on the bond route. But to keep up the bond, you lose part of that money, so it would cost him a great deal of money, even if he were to win.
But by making this judgment so large, the judge makes it difficult to appeal his decision and it guarantees that Trump will lose considerable money even if he wins.”
“I would actually ask both the trial court and the appellate court to allow waiver of this deposit because of the enormity of this fine or at least to reduce it,” Turley said. “I mean, this really gets into a point where it’s coercive for parties, where it becomes confiscatory. You actually have to engage in a fire sale at distress prices in order to cover the deposit just to get someone to look at the judgment of one judge.”
So says Jonathan Turley. The poison pill that few are talking about it. Think about it. To appeal one has to “disgorge” his property as the infamous AG Leticia James proclaims in her haughty voice. We wondered why James came in at the last minute and asked the judge to up the damages. No doubt she got ahold of the amount of cash he had on hand in order to try and finish Trump. Welcome to America.
‘REALLY INSIDIOUS’: NYC Trump ruling draws strong backlash
Letitia James had her ‘mind made up’ on Trump ‘before she took office’
Sky News Australia.
It is easy to forget that while this soap opera plays out in the U.S., the world watches. So Democracy and how it works is blasted around the world for all to see.
Move the clip to the 3 minute mark to pass the background of the case. Watch the timeline of Leticia James remarks starting in 2018 in the upper left hand side of the screen.
The best of the swamp.
Source: https://bunkerville.wordpress.com/2024/02/21/fire-sale-turley-talks-about-the-poison-pill-the-judge-inserted-in-trump-ruling/
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They are all so proud of what they did to Trump. But the other shoe has yet to drop. When big money developers and investors see what was done to Trump. They will NOT be doing business in NY state. If they can do this to a former President. They can do it to anyone. The risk is too high in NY. Big dollars won’t invest there now. Look to Miami. That will be the new financial capitol. NYC is going to become Chicago, or San Francisco. An unaffordable Shithole…
Future management classes will look at this as a case study in how they destroyied the major financial center of the world.