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Trump Might Be Too Broke for a $175 Million Bond, Too
(newrepublic.com)
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this post was submitted on 26 Mar 2024
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politics
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They could have done nothing and his properties would be getting seized. They are absolutely helping him by dragging this out.
Do you think the process of seizing property is fast? They don't just change the locks. It's a whole lot of things. They would probably have to go one by one appraising, finding a buyer, and wading through the debt owed on the mortgage. It's slow and they don't want to do any of that, if possible.
Judgements this large are very rare. Trump is absolutely fucked even coming up with $175 million in cash now and the rest later.
Remember, the court has a monitor watching the trump org approving every check and money transfer right now. They probably know exactly how much money he has in the bank. They probably just asked for 80% - 90% of what he has available. They are fucking him and he thinks he won.
Which has all been delayed even longer.
The way you wrote that suggests something different than what the monitor does.
For one, they monitor after the fact. Likely one a month and after book close. So they don't monitor in detail while it is happening. Secondly, transfers above a certain amount need to be reported. That amount can be an aggregate. Those need to be reported and I think the monitor needs to ok them before they can be executed.
That's quite different from what you seemed to suggest, meaning that the monitor needs to approve every check.
It was changed recently. The monitor has to be told ahead of time now.
https://www.businessinsider.com/how-nys-judge-engoron-is-tightening-the-leash-on-trump-2024-3
But only in some cases, not for everything. If a monitor would need to approve everything that would require quite a lot of people. A business often has quite a lot of regular invoices and so on.
You caught me in a minor technicality. Yes, they don't need to ask the judge if they can buy lunch.
That doesn't make a difference overall though. Trump is not going to hide meaningful amounts of money through lunch orders and paychecks.