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Started By
Message
re: Trumps 175 million dollar bond will stand.
Posted on 4/22/24 at 11:04 am to Rebel
Posted on 4/22/24 at 11:04 am to Rebel
quote:
No way cwill has a JD?
CWill and SFP are definitely both attorneys. SFP actually went to LSU at the same time I went to SULC. I think both are extremely smart guys but I disagree with them both on a lot politically. Even if they will not admit it I think a touch of TDS clouds their logic.
2
Posted on 4/22/24 at 11:09 am to rmc
Posted on 4/22/24 at 11:09 am to jorconalx
quote:
I can’t stand him as a poster, but he is an attorney irl
He’s from the same school of thought as Sheila Jackson Lee and a bunch of other members of the Congressional Black Circus.
Posted on 4/22/24 at 11:10 am to Rebel
Let's not lose sight of the fact that 175M is still a fricking travesty of justice. This is yet another example of how the left presents something so incredibly extreme so that when what would otherwise be seen as extreme is in effect we see it as a victory for our side.
Posted on 4/22/24 at 11:12 am to Rebel
Posted on 4/22/24 at 11:15 am to Rebel
Engeron approves bond
quote:The point of this exercise was to ensure that the surety had the liquidity to satisfy its obligations under the bond. These new conditions appear to provide that.
While Engoron allowed the bond to stand, Trump and Knight Specialty Insurance Company agreed to meet several new requirements, per a spokesperson from the New York State Attorney General's office.
These include that Knight Specialty Insurance Company will retain "exclusive control" of the $175 million account, and the company and Trump will provide a monthly account statement certifying that there are sufficient cash funds for the bond.
Knight Specialty Insurance Company has agreed to designate an agent of process in New York.
The agreement between the company and Trump also can't be amended without court approval.
This post was edited on 4/22/24 at 11:35 am
Posted on 4/22/24 at 11:18 am to SDVTiger
quote:
Law offices of SlowFlow, Racist Boosie and Clown Cwill devastated again
Only one of those deviants is off the board long enough to have any cases.
The other two must be at Sucksbad@law Firm
Posted on 4/22/24 at 11:21 am to 1BIGTigerFan
quote:
It makes me laugh thinking people believe that idiot is a lawyer.
It do be had all the write traces.
Posted on 4/22/24 at 11:35 am to Rebel
Posted on 4/22/24 at 11:40 am to Rebel
quote:
Let’s celebrate Trumps legal victory instead of pointing out SFP’s issues.
Posted on 4/22/24 at 11:59 am to Rebel
Dewey, Cheatem and Howe
Posted on 4/22/24 at 12:02 pm to SDVTiger
SlowFlow is a legend in his own mind.
Posted on 4/22/24 at 12:29 pm to Rebel
quote:
No way cwill has a JD?
He’s dumber than ronricks.
Posted on 4/22/24 at 2:03 pm to Rebel
You have the right to remain silent.
Any words you say will be held against you in a court of law.
You have a right to an attorney.
If you cannot afford an attorney then SFP will be assigned to you.
Son of a $%&@@!!@@$
Any words you say will be held against you in a court of law.
You have a right to an attorney.
If you cannot afford an attorney then SFP will be assigned to you.
Son of a $%&@@!!@@$
Posted on 4/22/24 at 2:04 pm to Rebel
Welp.
This post was edited on 4/22/24 at 2:05 pm
Posted on 4/22/24 at 2:09 pm to udtiger
quote:
cuuuuuuunt
A word that the British use quite a lot and that we in the states should use more often.
The perfect word to end any all discussions.
Love it
Posted on 4/22/24 at 2:24 pm to Rebel
QUERY:
if Trump had $175mm in cash to give to Knight Insurance to “cover” the bond, why not just deposit those funds in the registry of the court, and thereby avoid this entire debacle, Including payment of a bonding fee to Knight?
if Trump had $175mm in cash to give to Knight Insurance to “cover” the bond, why not just deposit those funds in the registry of the court, and thereby avoid this entire debacle, Including payment of a bonding fee to Knight?
This post was edited on 4/22/24 at 2:27 pm
Posted on 4/22/24 at 3:24 pm to OzonaOkapi
quote:
if Trump had $175mm in cash to give to Knight Insurance to “cover” the bond, why not just deposit those funds in the registry of the court, and thereby avoid this entire debacle, Including payment of a bonding fee to Knight?
What is the interest rate the registry of court pays?
Posted on 4/22/24 at 3:39 pm to OzonaOkapi
quote:
if Trump had $175mm in cash to give to Knight Insurance to “cover” the bond, why not just deposit those funds in the registry of the court, and thereby avoid this entire debacle, Including payment of a bonding fee to Knight?
Trump may have $175m in cash, but why tie up his money while this gets appealed. That could take years.
The bond is essentially an insurance policy. The purchase of which is paid via a premium. In this case the surety company charges a rate based on the side of the bond.
If I had to guess the sure company charged 3% of the bond amount ($175m). Thus, the bond cost Trump around $5,250,000.
The carrier keeps the premium for posting the bond.
So in essence the surety company just made $5,250,000 in profit off of trump.
He’s not defaulting on the bond and he pledged significant cash assets to make the surety would be made whole should he default and they have to pay the $175m.
It was a no brainer from the surety pout of view.
0% chance of risk and they make $5m
This post was edited on 4/22/24 at 3:42 pm
Posted on 4/22/24 at 3:42 pm to Covingtontiger77
quote:if this were a “normal“ bond, you would be correct. You have apparently missed the part where Trump has argued (repeatedly) that he gave his insurance company $175mm in cash to “cover“ the bond.
Trump may have $175m in cash, but why tie up his money while this gets appealed. That could take years. The bond is essentially an insurance policy.
either Trump is lying, or this is not a normal surety bonding situation.
This post was edited on 4/22/24 at 4:12 pm
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