Trump's Liquidity Problem for His Massive Bond

Рет қаралды 900,239

Ай бұрын

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@LegalEagle Ай бұрын

⚖ Do you think Trump has enough to post bond? ✍Supercharge your writing with Grammarly and get 20% off Grammarly Premium: legaleagle.link/grammar ⚖Get a great lawyer, fast! legaleagle.link/eagleteam

@senorchewie Ай бұрын

Can I get extra since I already have Grammarly!

@Time_Is_Left Ай бұрын

No lol But the off brand twitter stock scam might get him there

@Tiger10002 Ай бұрын

My parents said if I hit 20k they'd buy me a professional camera begging you guys literally begging!! .

@FooxTru Ай бұрын

Yes, he just can't be bothered to spend the money on it. Maybe not in cash, but he definitely has it in assets- He said it himself, after all! He just doesn't know when to stop talking 😂

@jeaniebird999 Ай бұрын

I'll believe it when I see it.

@cybrfriends5089 Ай бұрын

I wonder if any US citizen can get a 70% reduction of his bond in a fraud case. This continuation of helping the rich against justice is greatly eroding the credibility of our justice system.

@brainstewX Ай бұрын

Except he didn't commit fraud

@wtfthisisntawii7664 Ай бұрын

@@brainstewXHe definitely did commit fraud many, many times. Get your facts straight before talking out your ass

@cjc2010 Ай бұрын

@@brainstewX Tell Trump to try using that line and see how it works in appeals (assuming he actually pays).

@CMDR_Hal_Melamby Ай бұрын

@@brainstewXhe certainly committed more fraud than you have committed rational thought

@loisfolk5492 Ай бұрын

They should. Class action suit anyone?

@gus.smedstad Ай бұрын

"Hey, where's that $500 million in cash that you claimed to have?" "Here's the account." "That only holds $5 million." "I valued it at $500 million."

@margaretwordnerd5210 Ай бұрын

👏👏👏😎✌🖖

@tims4502 Ай бұрын

Well it’s his money. And the brand makes it 100x more valuable. I’m sure you can find a MAGAt to buy a dollar from Trump for $100, right?

@TheModdedwarfare3 Ай бұрын

@@tims4502He literally sold fake money and it worked lmao.

@SageVallant Ай бұрын

@@tims4502 He should be selling Funbucks with his face on them. They'll buy them.

@North_West1 Ай бұрын

Very 1% problem. I’ve never open my bank account and “only” had a 5mil balance. That would be amazing.

@omniunown Ай бұрын

Immediately bragging on social media that you had your attorneys lie in court is a bold strategy. Let's see how it works out for im

@thijndeveer2592 Ай бұрын

He bragged that he had the cash. But on twitter you're not under oath and it's not a statement towards the court. There's no reason to immediately assume that he is telling the truth. Therefore it doesn't have to be lying to the court

@dr.random1793 Ай бұрын

@@thijndeveer2592 when was this again? I’m sure the only time he bragged about a specific amount of money was almost exactly a year ago… you know before he got hit by 91 cases… that costs money XD

@thijndeveer2592 Ай бұрын

@@dr.random1793 we are referring to the tweet shown at 8:34 in the video. Which is a tweet from March 22nd of 2024, so that's pretty recently imo.

@Ylyrra Ай бұрын

Can't imagine why a guy who lost a court case about over-inflating his property values to get loans is finding companies unwilling to accept his real estate as security for a bond in the appeal. Seems so unfair of them to not accept his valuations are worth a damn.

@cle_roknn3742 Ай бұрын

So tired of the court system giving this guy one more chance. No normal person would get this type of treatment and no one would get as many free passes….

@brainstewX Ай бұрын

No one else has ever been charged with this BS.

@bobeeman9730 Ай бұрын

You should test this theory and go grab some loans based on collateral you don't have and then default on some of those. Let me know how it goes for ya

@MilesL.auto-train4013 Ай бұрын

@@brainstewX I don't really see how the charges are BS.

@Estarile Ай бұрын

@@MilesL.auto-train4013 also it clearly means we need to be charging more people with it too.

@exomancer3632 Ай бұрын

@@brainstewX Fraud? No one has ever been charged with fraud? Unique take, I'll give you that.

@joshyoung1440 Ай бұрын

He got his "empire" fraudulently, so now he gets to lose it honestly. Why is this such a nightmare to the "party of personal responsibility"? The punishment has never fit the crime so perfectly.

@osmosisjones4912 Ай бұрын

Why do the banks enjoy doing Business with him why aren't they complaining why were paid back in full

@dw3403 Ай бұрын

Yes, I would love for someone to add up all of the money he has lost by adding up all of his other bankruptcies along with his new debts.

@schloops8473 Ай бұрын

the "party of personal responsibility" is the party that wants no taxes on inheritance, no taxes on stock gains and workers to pay all the taxes... and the dem party is secretly ok with it. And when the economy goes down, both parties agree to have all the losses be concentrated as possible on currency inflation as a way to save the wealth of the rich, which they all are as politics is the domain of the princeling families.

@darryldouglas6004 Ай бұрын

@@osmosisjones4912That would assume that they knew he was lying.

@dw3403 Ай бұрын

@@ericvulgate7091 Your lack of understanding of our constitution shows in the last part of your comment. Or your just a troll.

@markoduvall Ай бұрын

***Security Clearance: As a man who could hold the highest security clearance, I don't understand how he could hold a security clearance with debt. Normal citizens are refused clearances because of significant debt. This is an enormous debt, and he could easily be manipulated because of it.

@libtrs838 Ай бұрын

It is debt relative to your income and assets, actual amount of debt dosen't matter.

@christopherchilds6124 Ай бұрын

Article 2 of the US Constitution is what defines who can run, and as a republic, we elect Presidents with a national election where things like your debt level comes out. No other law about security clearance restrictuons can stop an elected president from access to any information because the Constitution does not allow those restrictions.

@markoduvall Ай бұрын

@@libtrs838 Yes, that makes sense. He could liquidate all of his assets. He just doesn't want to. I guess my question: What happens if someone pays it for him. e.g., Elon. Ostensibly, he would be beholden to him.

@markoduvall Ай бұрын

@@christopherchilds6124 Yes, these things are public knowledge. But, anyone can pay this debt for him. As an extreme example, the mafia could pay this for him. Would he then be beholden to them? publically, no...but what about privately?

@andrewahern3730 Ай бұрын

@@libtrs838well his income and net assets are damn near zero. Does pandering for donations count as income?

@endarkculi Ай бұрын

I swear, if that man was only forced to pay a single dollar, he would first complain online about it being robbery, then try to renegotiate the deal until it is the same dollar but on his terms, and then order Eric, Don Jr., Ivanka, and Jared to each give him a quarter to pay it off.

@Other_Robots Ай бұрын

It boggles the mind that so many people in the country believe this dude is both good at running businesses or will help working class economically when there’s mountains of evidence proving the contrary. Its like saying Madoff would be good for the economy

@arturoaguilar6002 Ай бұрын

They just say that to trigger the libs.

@miguelladinodevera614 Ай бұрын

Ah the other Bernie lmao I remember Robin Williams saying the obvious, and I paraphrase, "The man's name is Made Off! If that doesn't get you thinking idk what will." 😅

@jonathonpolk3592 Ай бұрын

Well, most of his followers are more motivated by malice than self-interest. I find it humorous that old retirees living off social security worship the man, even though he has threatened to gut social security and put them all out on the street. They'd be happy starving as long as he sticks it to the libs.

@Ericwvb2 Ай бұрын

But what if Madoff hated all the same people you did and promised "retribution?"

@guyvizard549 Ай бұрын

It's easier to join a mob of hate, than to try and do good... or change yourself. Those people already made their choice a long time ago. They chose ignorance. They don't want to learn. They'd rather live in fear and hate, because it's easier and familiar. Like a messed up form of "nostalgia." It's the same people who think all homosexuals are automatically out to assault everyone, or that all Muslims are terrorists, or if you live in a low-economy neighborhood you must be a thief/druggie/gang member. The worst part is, I'm really not exaggerating. Born and raised in TX, and it's 2024. Everything is out there if you want to learn, and many just choose not to. I see it all the time... and they don't all live out in the country, either.

@lexcellent99 Ай бұрын

Anyone else remember when you owed the state money and they reduced it by 60% because you asked? No? Me neither

@jdotoz Ай бұрын

Anecdotally, this does seem to be not uncommon for tax settlements.

@TheModdedwarfare3 Ай бұрын

He has to pay the full amount. The bond was reduced. That means he wont be forced to sell property if he can pay the smaller bond until appeals are over.

@andrewharrison8436 Ай бұрын

Happens all the time to me, and then I wake up.

@longforgotten4823 Ай бұрын

I remember 34 criminal counts, and a perpetual liar misinforming his very gullible base.

@TheAsvarduilProject Ай бұрын

Folks, diamondthree can be safely ignored. They seem to think fraud charges that have been proven in a court of law is the same thing as political persecution. They may also be sad that their favorite fraudster and sexual assaulter *also proven in court!* is being held accountable under the law.

@MrMartinSchou Ай бұрын

10:35 - "Now, if you've defrauded the state of New York, you'll need a good lawyer." Are you ENTIRELY sure about that? Because Trump's been represented by Alina Habba, lost his cases and still ended up with insanely favourable treatment that no one else have ever gotten. So .. if you've defrauded the state of New York, you don't need a good lawyer. You just need a corrupt judicial system. If you can't have that - THEN you need a good lawyer.

@jordansweet8054 13 күн бұрын

"You don't need a criminal lawyer. You need a criminal lawyer." -Jesse Pinkman

@eigentensor Ай бұрын

I've heard a lot of advertisements in my time, but "Now, if you've defrauded the state of New York, you'll need a good laywer" is just absolutely brilliant :D

@nono99136 Ай бұрын

No, not really.

@MultiClassGeek Ай бұрын

The guy who got convicted for misrepresenting the value of his properties now has issues raising money off his properties. Funny that…

@lolilollolilol7773 Ай бұрын

The guy who got convicted for misrepresenting the value of his properties gets a bond reduction by telling the judge he doesn't have the money, while at the same time tweeting that he has the money. It's almost as if he is repeating the kind of fraud he was found guilty of. And the court of Appeals falls for it, and doesn't give any reason for this reduction.

@zeobide Ай бұрын

@@lolilollolilol7773 I always have trouble determining if the people who decide these things are painfully optimistic, just plain stupid, or just maliciously complicit it willful acts of crime. Like please explain the logic in stupid people speak so people like me can understand. Dumb it down for me if you will.

@urazz7739 Ай бұрын

@@lolilollolilol7773 I would laugh if he was brought back into court over this statement and they change their minds and tell him to pay the full amount again.

@Hidakaku56 Ай бұрын

@@urazz7739 That statement was already out and viewable had the appeals court felt the need to look at it. I genuinely don't think they care about his postings because they just see it as him trying to save face - which is ridiculous because part of the whole reason he committed the fraud in this case was wanting to showboat and be known as a billionaire.

@abigguitar Ай бұрын

It really annoys me that judges have to keep throwing him a lifeline. Let him sink or swim on his own.

@thomasbecker9676 Ай бұрын

Those very judges are as crooked as Trump.

@3baxcb Ай бұрын

He certainly doesn't seem able to lift himself by his own proverbial bootstraps.

@T61APL89 Ай бұрын

I wonder why the guy who got to stack the SCOTUS is getting a slap on the wrist. I wonder why Barre Seid donated 1.6 billion to the campaigner for those justices, Leonard Leo... bah must be just a coincidence, better go back to chanting "4 more years" for the guy who refuses to do anything besides hand bombs to King Bibi

@HellDuke- Ай бұрын

I can already imagine the cries about the court "being unnecessarily harsh as a form of political persecution because he is running for president"

@chrissmith-kr2oz Ай бұрын

@@HellDuke-The fact that he has already convinced people that they are is either a point for or against that argument. If they were going to complain either way, then why not? vs If they already believe it after being thrown lifeline after lifeline, then don't give them any more.

@kjmav10135 Ай бұрын

The one thing I’ve learned since Trump took office? Our justice system is a total joke.

@davidroberts1689 Ай бұрын

We're not laughing but the rich are.

@Vohlfied Ай бұрын

The US doesn't have a "justice" system it has a "legal" system.

@TimoRutanen Ай бұрын

To be honest it probably was a little funny already before that..

@guybrush20X6 Ай бұрын

@@TimoRutanen Yeah, the (to be charitable with our words) imbalanced system was always there, it's just that Trump is so goddman blatant that it's impossible to hide it behind "case by case basis" or "that was just a biased judge".

@judcitizen706 Ай бұрын

When the SCOTUS is completely illegit, completely aligned against the interests of the vast majority of Americans, it's no surprise, but, yeah, it's infuriating.

@Neohampster Ай бұрын

Trump: **lies about his property valuation for decades** why will nobody accept my real estate property as collateral for my real estate fraud case?

@gus.smedstad Ай бұрын

I fully expect that Trump will lose the E. Jean Carroll appeal, Chubb will be forced to pay, and then Trump will refuse to pay Chubb. Because that's what he does.

@osmosisjones4912 Ай бұрын

He's the One accused and he's sued for defamation for denying it

@dw3403 Ай бұрын

Didn't he put the amount owed to her up in order to appeal? If so its hers when he loses once again.

@mrpocock Ай бұрын

I would expect Chub have the assets in escrow, rather than relying on Trump to hand it over.

@BeyondEcstasy Ай бұрын

Did you not watch the video? The bond is fully collateralized so if Trump doesn't pay, Chubb will just liquidate the collateral account.

@ericvulgate7091 Ай бұрын

Correct. Escrow is how that's done.

@richwalsh2239 Ай бұрын

That's not the question on my mind, the question on my mind is; How? How does Trump escape accountability every single time? All I can say is, Good Luck to Ms Carroll and the State of New York in receiving any penny of those judgments. He is about to attempt to do what he's done his entire adult life, appeal a ruling, then tie it up in litigation waiting for an appeals court to take up something besides his appeals to motions against him in the case. Appeal & Delay. Fight to get any motions in the case overturned, but postpone the appealing of the judgment of the case indefinitely. The man is a deceiver above and beyond all other deceivers.

@brandonlatzig Ай бұрын

honestly? Most of it is probably luck

@longforgotten4823 Ай бұрын

Most of it is by design. Our legal system is meant to throw away the keys for the pores and let the rich off Godfree. It doesn’t matter they’re crimes.

@jawstrock2215 Ай бұрын

For the Carrol case, the money is already guarantied. The bond holder is responsible to pay out if she wins appeal, for whatever amount it remains after it.

@scaper12123 Ай бұрын

The answer can generally be boiled down to "he has a lot of money"

@stasa-X Ай бұрын

No he has not so much money,he has no shame and he is a thief and a liar. People believe that he has money because he says so all the time,i am rich,i am a billionaire, rich people trying to hide the wealth to be anonymous, he did the opposite 😂. But he was a politician,he did a lot of favours and he is presidential candidate,he appointed many judges and he has an army of idiots to supporting him and donate their money,so yeah he is above us for now!!!!

@user-oj7uc8tw9r Ай бұрын

Ill just tell the judge then that its "irreparable justice" when the government ceases my home for foreclosure. Oh wait...

@jd-zr3vk Ай бұрын

You owe weasels, literal and metaphorical, an apology for saying he weasels out of trouble. Weasels have a better sense of morality.

@jollysomalian Ай бұрын

I agree.

@emdeo Ай бұрын

I still don't understand why the amount was lowered when he couldn't pay up. He keeps claiming he's got the money, if he doesn't, apply penalties in full?! They keep saying thingswhich then turn out to be lies, how is that allowed? Why is the US legal system seemingly incapable of handling this trash fire?

@MattJDave Ай бұрын

Because they don't want to. Trump represents everything the upper crust is without their pretenses of class and reason. Trump facing consequences means their own facing consequences, and why hold their own to account when the poor exist?

@North_West1 Ай бұрын

The fine is still $400+ mil. The 175 was just amount needed in bond to stay off assests being seized while appeals are heard.

@longforgotten4823 Ай бұрын

There are literally hundreds of politicians and thousands of judges that do exactly what this seditionist is doing in court. Our legal system is designed to benefit the upper crust not hold them accountable.

@JoeMun Ай бұрын

@@North_West1while that is true, it’s ludicrous. Someone with this big a scheme of fraud should have assets taken as a matter of consequence.

@thegreatestdane8978 Ай бұрын

@North_West1 True, the only issue is that New York state law states that an appeal requires a bond of 110% of the verdict amount to stay judgement and in this case Trump is getting let off with a meager 40% of the verdict. In general this gives people the impression that the appellate court is just going to let him off the hook seeing as his lawyer was actually lying about him being unable to raise the required funds meaning Trump had the means to raise the required 110% but now has to only pay 40%.

@samcalder6946 Ай бұрын

If a billionaire can't pay a bond, they're not a billionaire.

@JohnDoe-xr5is Ай бұрын

Well, he's asset rich (real estate) but cash poor. Lots of 'real estate people' are that way. So yeah, a person can be 'rich' and still not have liquid cash. But that's enough to make Trump's empire go down in flames, I'm all for it.

@WackoMcGoose Ай бұрын

I still chuckle at the fact that he went to _every bond place he could find_ and literally none of them would humor him, at all.

@SVD_NL Ай бұрын

I don't agree with you there. It makes no sense to have 100s of millions stuck in your bank accounts, it makes you no money and you risk losing it if something happens to the bank. He owns a bunch of expensive real estate, that doesn't sell fast, especially when you just got outed for misrepresenting property values. You can definitely be a billionaire without having any cash on hand.

@DanceswithHyenas Ай бұрын

Billionaires do not keep actual cash in something like a checking or savings account because the FDIC only insures accounts to $250,000 per account per bank and if you have billions you can only spread it around to so many banks until you run out of options. Most wealthy people who have large amounts of liquid assets, and who wants to keep them safe and liquid, will engage the cash management part of a big bank, much like a company does, that invests in low yield high quality liquid fixed income instruments like t-bills and other government instruments, CD's, repo's, high quality liquid paper and other "no lose" instruments. They can be converted to cash nearly instantly or at worst T+3 but if someone wanted to write a hundred million dollar check they could in theory. Most ultra wealthy people have their money locked up in whatever made them or their progenitors wealthy in the first place. Their money is in a privately held business or in publicly traded stock that they can't liquidate without screwing the stock price up or are held to black out periods. Or it's in illiquid assets like real estate or things like private equity or venture capital funds. However, when you hit a certain level of wealth your banker isn't the teller or branch manager at BofA anymore. You get into the private banking division and they'll open up lines of credit against your assets that you can spend on just about anything that's legal. They'll give you $20 million dollar mortgages if you have the assets to back it up. Sure, they'll underwrite the asset but if you're worth billions they'll overlook it (if your billions aren't in an overvalued pre-IPO startup). So no, wealthy people don't have much in cash but they can readily access it. I don't know Zuckerberg's personal financial situation much at all but I don't think he's sold much stock other than putting it in trusts or donating it. He also doesn't take much of a salary relatively but he's worth almost $80 billion. He probably can't write much of a check, relatively, against his actual cash but he probably has tens of billions in lines of credit available if he wants.

@justintarvid Ай бұрын

@@SVD_NLNot exactly. Having real estate worth billions yet no cash on hand means you kinda broke.

@Adam-zt4cn Ай бұрын

If he can't pay up, maybe he could repay justice in other ways. Like, y'know. _Jail._ Who am I kidding, rich people don't go to jail.

@simonrook5743 Ай бұрын

So Bond companies won’t accept property in collateral for a penalty incurred for over inflating the values of those exact properties…. Hmmm can’t think why!

@lordkagato00 Ай бұрын

I'm sick of the Two Tier Justice system. Rich people get justice, the poor get shafted

@Andreamom001 Ай бұрын

Rich people get off, poor people get shafted.

@NT_98YU Ай бұрын

@@Andreamom001 🤣 We must be rich by all means.

@JargonMadjin Ай бұрын

@@Andreamom001 I feel bad for knowing that the wording for that can have a different meaning

@Vohlfied Ай бұрын

@@Andreamom001Poor people get shafted, rich people get off.

@ScarlettCatte Ай бұрын

Rich people get off on poor people getting shafted @@JargonMadjin

@lianalonge1984 Ай бұрын

Well he certainly can’t get Mexico to pay for.

@macgonzo Ай бұрын

Top tier comment 😂😂😂

@arturoaguilar6002 Ай бұрын

Oof! That's been so long ago that it took me a moment to get the reference; but if he is elected president again, then maybe he could.

@lmost Ай бұрын

@KateBee123 Big oof. Hyper cringe. Extra weird. PhD in clownomics.

@3baxcb Ай бұрын

He couldn't get Mexico to pay for a border wall so how could he get the country to bail him out for committing fraud in another country?

@JargonMadjin Ай бұрын

A comment so fire that Don would end up with an actual tan

@afreezaphorogiancossack2194 Ай бұрын

Devin, I love your delivery! Unlike most fast-talkin' lawyers, you have good enunciation and diction. I really like the speed, the precision and clarity and your clear, concise layout of the facts of the case. I bet you are really good in court.

@seadog8807 Ай бұрын

It’s interesting that Trump stated that he had no intent to ever pay the fine despite having the money. Seems that the first part is certainly coming true…

@DrBilly90210 Ай бұрын

A comment I've heard attributed to The Donald: "If you owe $100, that's your problem. If you owe $100 million, that's the bank's problem." Actually Donald, it seems like it is, in fact, your problem.

@-nav-398 Ай бұрын

That is also incorrectly attributed; that quote comes from J. Paul Getty. Edit: I'm not saying you're wrong about the facts though.

@thetruerift Ай бұрын

That line is from J. Paul Getty (who was an american industrialist in the post WWII era)

@filipwolffs Ай бұрын

It's only his problem when he actually experiences consequences. So far that doesn't appear to be the case.

@BradyPostma Ай бұрын

That quote is only accurate if you owe _the bank_ that money. If you owe _the court_ that money, it's still your problem no matter the amount.

@kethmarhkfy7luf.263 Ай бұрын

Trump doesn't owe the bank anything.

@MrTBoneSF Ай бұрын

During the appeals, can the State bring up Trump's inability to secure a bond as evidence that the fraud charges were true? I.e. Trump said MAL was worth 2 billion, banks love to loan him money because he always pays, every bank is lining up to loan him money, he has half a billion in cash, etc. Doesn't all the State have to say is "if any of that was true, Trump should have had zero problems posting a bond"?

@arturoaguilar6002 Ай бұрын

"Doesn't all the State have to say is "if any of that was true, Trump should have had zero problems posting a bond"?" No. I don't think that's an argument The State can make in Court; and if it could, the State still would need to prove that no unrelated event impacted Trump's finances (the same reason why stockholders can't usually sue a company just for its stock's value crashing).

@thomasdee1980 Ай бұрын

I don't think they can really use that as from my understanding (I am not a lawyer), an appeal only looks at what was covered in the original trial. The fact that he could not raise the bond certainly does not help him, but I doubt that the state would use it against him because the evidence that they need to defend is the evidence that was originally presented at the trial. One exception will be the fact that Trump's former chief financial officer Allen Weisselberg plead guilty to perjury for comments he made during the original trial. I am sure that will be brought up and it will hurt Trump

@SparkSovereign Ай бұрын

They probably can't use that specifically, given the number of confounding factors, but they might be able to do something with all his contradictory claims about whether or not he has the money to pay, depending on who he's talking to; seems like pretty clear evidence of a pattern of behavior rather than simple clerical errors.

@johndododoe1411 Ай бұрын

@@SparkSovereign US appeals are all about legal technicalities, facts don't matter .

@Fs3i Ай бұрын

They probably don't *care* -- as Devon / Mr. Eagle said, the court of appeals will likely defer in questions of fact to the lower court. The main questions reviewed will be questions of law. So, the fact that he lied is *likely* not gonna be questioned intensly. What *is* going to be discussed on appeal is how much he should pay for it. I hope that makes sense!

@chrise8275 Ай бұрын

Going against his own lawyer’s sworn court statements? Honestly, It’s like this guy wants to get busted!!!!!

@butterw55 Ай бұрын

4:19 "... while protecting the court against frivolous appeals or bad faith delays" Hmmmm ...

@templarw20 Ай бұрын

When one is accused of fraud over your real estate values, I can see bond companies being unwilling to accept property as collateral.

@rogerthat4545 Ай бұрын

We've gone past "accused".

@3baxcb Ай бұрын

@rogerthat4545 Agreed. The failed former president has already been convicted of fraud. It's well past overdue that he literally pays up for once.

@templarw20 Ай бұрын

@@rogerthat4545 Also true.

@SirDistic Ай бұрын

Because properties valued by him at 150 million are only worth 14 million.

@AtomicBuffalo Ай бұрын

One would think in the course of determining fraud and determining penalty that non-Trumpian valuations of the properties have been calculated. I don't think the value is the problem, it's the mortgages.

@zentazym1 Ай бұрын

Isn’t this the same guy saying bad things should happen to countries that are in debt? Something about not helping those who don’t pay their bills, or something along those lines?

@Confucius_Says... Ай бұрын

Rules for thee, but not for me.

@Reppnek Ай бұрын

There's something I just can't understand. How can Trump owe 1.7 Billion and live his completely normal life. But the moment I'd go into red with my account, the bank would swoop in, take what they can and liquify it. Many, MANY people have lost their livelihood for a tiny fraction of Trumps debts. It's just messed up.

@shadenox8164 Ай бұрын

There's a different system for the "rich".

@mannagarwal5390 Ай бұрын

Well, if you owe the bank $10,000, you're in serious trouble... If you owe the bank $1 billion, the bank's in trouble.

@KaiTenSatsuma Ай бұрын

Well, it's the $175 plus the Carrol case, plus the upcoming Georgia case, plus the upcoming Daniels case. At some point the bondsmen are going to be looking at one another, wondering who is going to get paid first....or perhaps last and how much it's going to cost *them* to pursue a legal attempt to collect their pay from the guy who wants to make himself immune to the law, forever.

@jordansweet8054 13 күн бұрын

Maybe they're waiting for him to die so they can fight it out with his estate. Homie's old, hated, and not fighting either of those facts effectively so it won't be long.

@Jamick98Geass Ай бұрын

Trumps clear preferential treatment is the equivalent of me getting a speeding ticket, going to my cities courthouse to argue I don’t have the money to pay the bill while footage of me winning the lottery plays on the tv in the background, and still getting a reduced total. It must pay to be a rich person backed up by a government bought and payed for the hedge funds and oil fracking companies.

@lilymarinovic1644 Ай бұрын

No, the proper analogy is footage of me CLAIMING that I won the lottery when I am such a notorious liar that the lottery I supposedly won probably doesn't even exist.

@johnladuke6475 Ай бұрын

@@lilymarinovic1644 It's the biggest lottery, and the best! YOOJ!!!

@matthew8505 Ай бұрын

17:50 I'm glad our potential president, who isn't allowed to hold any financial position in New York, hasn't received anything from any foreign nations

@iracordem Ай бұрын

🤣

@victorespino5650 Ай бұрын

Lmao

@function0077 Ай бұрын

I like how happy and glamorous E. Jean Carroll looks in recent photos.

@DJHolte Ай бұрын

Devin, you (and your team who no doubt help research these videos) are a shining beacon of sanity and truth in today's world, and I hope your arguments here will reach at least some of the less rabid Trump supporters, turning them towards actual reality rather than the manufactured reality their side has been promoting for years -- and not just hearten those of us who are already well aware of all his many lies and misdeeds. Keep up the good work -- you are appreciated!

@jeaniebird999 Ай бұрын

It would bring me such joy if Conald is unable to come up with even this ridiculously lowered amount.

@djchaiwallah Ай бұрын

Unfortunately he just sold Truth Social for like 3 billion

@markusnixon3156 Ай бұрын

@@djchaiwallah I won't be able to access any money he makes from the merger for at least 6 months, supposedly.

@ruben9912 Ай бұрын

Look at this. This guy is able to undermine your entire nation without even being able to make complete sentences and you would be oh so happy if the hundredth attempt would perhaps show a modicum of oppertunity to... fail to put him in jail before he becomes president again? America is such a clusterfuck, there are no words for it any more.

@markusnixon3156 Ай бұрын

@@ruben9912 Any sign of improvement is still a sign of improvement, and this is exactly why you don't allow large scale religious control over your country, generations of people taught not to critically think by conmen that took advantage of their faith.

@chainsawz5618 Ай бұрын

@@ruben9912 i think you missed the point there bud, or you're being willingly ignorant, try again

@johndoe6032 Ай бұрын

Regarding appealing the Carol cases to the SCOTUS: "extremely unlikely" automatically becomes "highly likely" whenever it has to do with Trump and trying to weasel out of responsibility... especially when it comes to his SCOTUS judges.

@osmosisjones4912 Ай бұрын

He's the one accused and he's sued for defamation for denying it 😢

@UserOfTheName Ай бұрын

@@osmosisjones4912 Because he did it

@osmosisjones4912 Ай бұрын

@@UserOfTheName how do you know it why did any staff hear any banging and moaning from that changing room

@UserOfTheName Ай бұрын

@@osmosisjones4912 If he didn't do it then why would he lie about meeting her?

@gensanitygames Ай бұрын

Wait, someone might have to sell off a bunch of their stuff to afford paying for a fine??? How dare we inflict that on them, surely that's just unfair and

@thedanieltomlinson1 Ай бұрын

Your suit is incredible. Give us the content we're after Eagle, a closet dive.

@gzer0x Ай бұрын

When I was a kid, a guy in my town was literally sentenced 25 to life for stealing a slice of pizza. You steal millions and the state accommodates and forgives…

@iracordem Ай бұрын

‘steal alittle & they throw you in jail, steal alot & then they make you kiiiing!’ -dylan

@geraldhgiles Ай бұрын

O bullcrap he got 25 years for stealing pizza

@yurisonovab3892 Ай бұрын

@@geraldhgiles I mean, if your method of stealing the pizza is emptying a magazine into the building...

@NT_98YU Ай бұрын

Capitalism is based on one's ability to game the system. that's why rich people love it, struggling people dispise it.

@ewjiml Ай бұрын

@@NT_98YUyou got a perfect economic and social system for a country? Didn’t think so.

@Rkcuddles Ай бұрын

Also, really love how we keep doing ‘legal analysis’ when obviously the law doesn’t really matter. Last few years have been pretty eye opening….

@Waldohasaskit210 Ай бұрын

You're gonna need to explain what you mean by "the law doesn't matter"

@schloops8473 Ай бұрын

oh the law does matter for the poor and low middle class

@hugh_jasso Ай бұрын

@@Waldohasaskit210 you know EXACTLY what they mean.

@helpumuch6887 Ай бұрын

@@hugh_jassoyea I’m gonna go ahead and assume the dude is saying legal analysis doesn’t matter because he believes Biden and the judges and the lawyers are all in a big conspiracy to take down Donald despite all the evidence in those cases and the times trump has FAILED IN COURT to prove ANY of his own points

@katherineberger6329 Ай бұрын

@@Waldohasaskit210Trump would be in pretrial confinement by now if the laws that apply to everyone else were applied to him.

@LaineBurglass Ай бұрын

This video helped me understand collections, judgments, and appeals in civil procedure…which is great bc my final is in a few weeks! Thanks, Legal Eagle!!

@melindasingleton7359 Ай бұрын

Trump is a significantly less competent legal client than Zac Oyama was on Game Changer XD

@leonbrumett6155 Ай бұрын

Elite reference

@haxie4516 Ай бұрын

God I love that one. It's up there with the devilled egg one XD

@corujariousa Ай бұрын

We have historical cases with bonds of over $1B. Why is Trump the only one getting the bond reduction treatment?

@bobthegamingtaco6073 Ай бұрын

Few people want to spend the additional lawyer fees to ask

@rolandxb3581 Ай бұрын

The video explains why. Trump couldn't pay the full amount without selling key assets, so they would take irrecoverable losses if forced to do so. That would be unjust if he were to win his appeal. (Don't worry, he will lose. But even Trump gets the full protection of the law.) The fact that Trump's ego couldn't handle that admission so he lied on "Truth" Social about having the cash is problematic but doesn't undo the decision or the reality he couldn't pay. I'm actually glad the New York legal system gives him the same options as other defendants to try to win the case. It makes it clear this is not, in fact, a political prosecution.

@izilladkilla Ай бұрын

Because our justice system is a joke and gives rich people special treatment.

@agsystems8220 Ай бұрын

Because it will be hilarious when he still cannot pay. 😂

@corujariousa Ай бұрын

@@agsystems8220 Who knows... Perhaps the government may even offer him a payment plan. With all happening, I do not doubt anything anymore. Disgusting!

@FF_Fanatic Ай бұрын

Shame that "not a good look" means absolutely nothing for him. He and his lawyers are already at the bottom of the barrel, so unless a court actually acts on them lying in court, it makes no difference whatsoever.

@ASocialistTransGirl Ай бұрын

Actually it does. He is driven by getting applause, and by his ego. It not being a good look reduces both of these.

@LeScratch89 Ай бұрын

@@ASocialistTransGirl Nah, at this point it doesn't matter. Anyone who was going to support him at this stage will not be swayed by what happens in a legal court, because they've already ignored the court of public opinion. And the reverse: he won't be gaining new supporters because anyone wise to him has been for a while now, and this is nothing new to that side of the coin.

@ASocialistTransGirl Ай бұрын

@@LeScratch89 52% of americans say they wont vote for him if he goes to prison but okay

@shadowldrago Ай бұрын

@@ASocialistTransGirl If.

@ASocialistTransGirl Ай бұрын

@@shadowldrago The point is that there’s a very feasible thing that could happen in a legal court that WOULD sway a lot of trump voters.

@natelofties8533 Ай бұрын

Begged the judge to lower my traffic ticket fines, he did. Then as I am walking out of the courtroom I say lol " I really have the money" but I want to go on vacation so I won't give you the money but I do have it. Sounds silly doesn't it. Now multiply that up to 500 million. Proof that there are 2 justice systems.

@EthelredHardrede-nz8yv Ай бұрын

A spammer copied your comment to sell her body.

@Articulate99 Ай бұрын

Always interesting, thank you.

@chelsbeaupeep Ай бұрын

Everyday i think I'm drowning in unpayable debts (like 10k, gotta love student loans), then i hear about Trump and i feel better about myself

@amoliski Ай бұрын

Difference is you actually have to pay yours. He won't.

@Eldritch-1 Ай бұрын

Just run fo president.

@Jason-fm4my Ай бұрын

It's not supposed to be particularly easy to pay. His root problem is not showing remorse at trials, so the judgements have to be larger to discourage repeat crimes.

@trickstapriestxm Ай бұрын

"Trump would never cash out and tank the stock" literally six days later....

@ScarlettCatte Ай бұрын

Best part is, I think this is before he's tried to cash out. trump somehow managed to fail at doing a pump&dump. I suppose we shouldn't be surprised for someone who managed to have his casinos go bankrupt.

@SterlingEntertainmentStudio Ай бұрын

Remember in 2016 when he claimed to have 10 billion in the bank? Pepperidge Farm remembers

@miketike3246 Ай бұрын

Half the time the two-bit scammer just transposes cash and real estate, he uses them interchangeably..."Ohhh, we've got lots of everything, ohhhh yes billions in cash, cash everywhere, property everywhere..." We're supposed to believe he's got 10 billion dollars laying around when he couldn't even pay the E.Jean Carroll amount and had to get a loan for that?

@jeremywomack7090 Ай бұрын

Either they're lying, or every real asset he has is already tied up in a complex web of special tax statuses and loans. Either way, he deserves whatever happens next.

@DILFDylF Ай бұрын

Why is any of this different from how a poor person, who, let's say, gets arrested and can't make bail and loses their job and loses their home and loses their car and can't get any of that back if the charges get dropped? Oh right, the poor thing. Their suffering doesn't matter because the poor aren't people! Not according to the rich, anyways.

@AySz88 Ай бұрын

17:13 "Iconic properties such as 40 Wall Street"?? I was shown a condo unit in that building once. It was an irregular, shoehorned, forsaken corner of a place.

@bec7080 Ай бұрын

My grandma got an email asking people for $1-10 each to help pay his fines of the $500 million when i was there last weekend. She said they were asking 10 million people or something according to the email. I asked her if he didn't flrx being so rich and that's why he expected people to love him? She said yeah she thought she would keep her $1. I'm pretty sure she would have even if i hadn't said anything and that's why she even brought it up to me. But she did say it's not a bad fundraising strategy, but she's still keeping her $1😂

@dirtydish6642 Ай бұрын

Anyone trying to spin his bond reduction into a win is high on their own supply of cope.

@osmosisjones4912 Ай бұрын

He made more money the same day in a different win

@dirtydish6642 Ай бұрын

@@osmosisjones4912 Clearly you have no understanding of how stocks and securities work, but sure enjoy that cope as well.

@margaretwordnerd5210 Ай бұрын

People have tried to tell me Dolt 45s FINE was reduced. I'm no lawyer, but I watch lawyers on YT, and I can use a dictionary. Lowering the bond has no effect on the judgment. ✌🖖

@osmosisjones4912 Ай бұрын

@@dirtydish6642 do you . The fact your democrat disprove basic understanding ecomics. It's kinds basic platform of democrat party. Please explain why Truth Social stocks going up didn't make him more money. Seriously I'm so emotional damaged 😰at this news I can't stop crying😭 I'm about have stroke🤯 and a project😭 about projection 😿

@donedeal8385 Ай бұрын

@@osmosisjones4912 Could you retype that in English so it makes sense?

@josephprice5872 Ай бұрын

How weird that nobody will accept property as collateral... ...when one of the cases concluded he committed fraud in lying about the value of said properties...?

@karentiger8812 Ай бұрын

Nothing says someone is above the law like allowing them to be the first and only person to ever get a reduction in what they have to pay in order to appeal. It is so disgusting the special treatment this criminal is getting

@brainstewX Ай бұрын

No one else would ever be charged with this BS

@ScarlettCatte Ай бұрын

Many other people literally have been charged for this. It's a crime. But that's kinda irrelevant, as trump wasn't charged for this either. This was a civil suit. He was sued. And many others have been sued for this too. No matter how we look at it, you're still wrong, and still lying. So, why lie? @@brainstewX

@karentiger8812 Ай бұрын

@@brainstewX 😂😂🤣🤣 no one has been sued for tax fraud and insurance fraud??? 🤔😵‍💫🤦‍♀️

@brainstewX Ай бұрын

@@ScarlettCatte Name one person who was sued for borrowing money using the bank's valuations, and then paying it back.

@ScarlettCatte Ай бұрын

Firstly, the bank itself doesn't do appraisals, they require someone else to do the appraisal and if it seems legit they take it in. If someone LIES on that appraisal and then submit a fraudulent appraisal, that's not on the banks, that's on the guy who submitted the appraisal. Secondly, that's not why trump was sued. But this statute was literally used to sue Exxon Mobil and was what was used against Martin Shkreli If you want a more recent example, Boruch Drillman was sued for this *LITERALLY LAST YEAR* @@brainstewX

@evildevil364 Ай бұрын

Well that's what he gets for being a career criminal for 30+ years. Womp womp

@NT_98YU Ай бұрын

Capitalism is based on one's ability to game the system. We like it or not, rich people will always win, Trump is just a tip of the iceberg. Apple pays less tax than it should Elon move assets like chess pawns. rich will become richer, poor becomes more broke.

@Gerry1of1 Ай бұрын

Why did the court reduce it? Is he getting special treatment or would the court reduce a bond for anyone in that situation? That's the question I can't get an answer to.

@osmosisjones4912 Ай бұрын

Because the hole fine was illegal no basis no victims and the money isn't going to the bankers

@macmcleod1188 Ай бұрын

In another legal channel they said this reduction is unprecedented. So yes.. he's getting special treatment.

@macmcleod1188 Ай бұрын

@@yasniellopez9690 And needing to pay a $5,000 bond in 2 weeks has put people on the street homeless, cost them their jobs, and ruined their lives. Their bonds were not reduced. It happens every day. I was on a jury for a young man who had been in county jail for 11 months. He was *obviously* innocent. We found him innocent in 20 minutes. Afterwards, the defense attorney talked to us and said the prosecutor's office knew he was innocent too and had sent a junior prosecutor so the loss wouldn't go on a senior prosecutor's record. They could have reduced the bond. Heck, they could have dismissed the case instead of trying to railroad someone they knew was innocent. They could have saved the court costs and they could have used our jury for a real case. If the last four years have shown us anything, it's that we have two justice systems in this nation. The top gets "easy" mode.

@draketurtle4169 Ай бұрын

@@yasniellopez9690trump is a self claimed billionaire or whatever. This is the consequences of his financial actions.

@geekey265 Ай бұрын

@@yasniellopez9690 i mean if you steal half a billion dollars, and you're fined half a billion dollars equal to what you took, you should be able to pay that money back.

@LadyZeke Ай бұрын

Thank you and appreciation for getting truth out into our overdriven social media space.

@mastersojin Ай бұрын

Everytime Devon mentions investigating bank accounts, all I can think of Brooklyn Nine Nine where Andy Samberg's Character yells out " Ask him about his back account! Ask him about his bank account!"

@daiakunin Ай бұрын

Maybe the former president can offer sneakers and bibles as collateral?

@ChumblesMumbles Ай бұрын

So the regular person would have to pay the full amount, but when you're "special" because you're rich and therefore your penalty is massive, you only have to pay about 1/3. Got it.

@kitsunekage12 Ай бұрын

Technically, right. So *technically* this is just the *bond* reduced, not the actual judgement itself. So he's still on the hook for the full amount in the event that he's not able to appeal, I believe? This is just a measure which makes it so that rather than having his properties seized (as we should have, by the way, I do regard the court's decision here as a massive mistake and miscarriage of justice.) he'll be able to actually acquire a bond and then when he loses the case he'll be on the hook for the full amount. *I THINK* this is how the situation has settled, at least. I'm fairly certain he will still be on the hook for the full amount when the trial concludes. But this *was* a massive favor for him that he in no way deserved.

@ERROR-ct1ih Ай бұрын

Man, I love listening your videos while I’m working. It solidifies my choice to _never_ be a lawyer.

@HarvestStore Ай бұрын

I appreciate you and thank you for making content.

@carlcoetzee5678 Ай бұрын

Why was my first thought T seeing this video “oops, I dropped my LIQUIDITY PROBLEM, that I use for my MASSIVE BOND”

@itsthevoiceman Ай бұрын

I hate you for this 😂😂

@christophergreen6595 Ай бұрын

"HELP ME STEPSON, I'M STUCK... IN COURT"

@misterkeys2893 Ай бұрын

That's perfect, well played!

@Nipplator99999999999 Ай бұрын

Why do the biggest crooks always get the biggest breaks?

@brainstewX Ай бұрын

He's not a crook

@benhill3689 Ай бұрын

@@brainstewXname one good thing he has done with his businesses?

@ancientaccount7982 Ай бұрын

@@benhill3689bankrupted them.

@Aeivious Ай бұрын

@@brainstewXi garuntee you would have agreed with the above statement when he was just a wealthy new york democrat

@kerriadereth Ай бұрын

⁠@@Aeiviousnah, just because you wear blinders for your blundering favies doesn't mean everyone does.

@someguy5523 Ай бұрын

the most important takeaway: there's a company called chub (CHUBB)

@Mortbise Ай бұрын

The question on my mind is "Why the hell was his bond reduced so much, after he has repeatedly broken oaths, lied through his teeth, insulted all the judicial system, judges, clerks, all of them, threatened even ?" How the hell does he get through all of this, any single occurrence directed at your average joe would land them severe repercussions, so WHY ?

@techpriest2854 Ай бұрын

due to a systematic corruption at all levels of the government. the product of having money and power be considered moral paragons, that along with the pervasive nature of 'freedom' often being interpreted as 'lack of personal responsibility' as a means to justify any action they want. the system started foul but it was never corrected. most of America's history is spent in war of one kind or another because it's an empire by any other name. nobility has entrenched itself and while it may not be legally codified it is still there

@RobVespa Ай бұрын

Massive bond? Do you mean the once significantly more massive bond that was alarmingly reduced by a corrupt court in an unprecedented decision (to my knowledge, and, yes, it's a pun of sorts)? What can be done about all the corrupt individuals in public office? They need to be removed, held accountable, punished, and their past works needs to be reviewed. This is a nightmare farce. This is awful.

@rolandxb3581 Ай бұрын

If you'd understood the video, you'd know that this is simply the court giving Trump the same leeway it would give other defendants. He gets treated as if he could be innocent until the appeal is finished. It's simply more evidence this isn't a political prosecution. And it's not like he's going to win this appeal so he will have to pay for everything anyway pretty soon. And even the reduced bond is already proving a problem according to this video. So, Trump ain't getting out this time. Justice will be done, we just have to wait a little longer until the process is completed.

@user-zf2vf8kq3z Ай бұрын

So much for being a billionaire 😂😂, he shouldn't go around saying that he has $4,000,000,000 million dollars 😂😂.

@henlohenlo689 Ай бұрын

theyll find out any ways om investigstions

@whocares9033 Ай бұрын

Years prior he said he had $10,000,000,000 So, if he always tells the truth (😂😂😂), how did he lose $6,000,000,000???

@Random_dud31 Ай бұрын

@@whocares9033Art of deal, that's how

@loisfolk5492 Ай бұрын

He lies that’s his brand. Lie. Lie. Lie.

@ChaosMongrel Ай бұрын

Props for calling OJ *Simpson a "murderer" instead of an "alleged murderer." If OJ doesn't like it, too bad. What's he going to do about it, sue?

@dthaysjr Ай бұрын

Trump is the real world grown-up version of Cartman.

@chrisl4999 Ай бұрын

Does anyone else think its funny that the case was about inflated property values and the only way to pay off the fines is if someone trusted his property values?

@Toonrick12 Ай бұрын

7:14 Let's be honest, he would be the type of person to sell his own children rather than his real estate.

@andrewharrison8436 Ай бұрын

My thought as well.

@danielyerger3 Ай бұрын

@LegalEagle Regarding other "billionaires" paying it off, it would be either not income if structured as a loan (assuming adequate interest requirements) or a gift. A gift above the lifetime gift tax exemption would be taxable at 18%-40%, almost all of which would be at 40%. So paying off his $547,300,000 in judgments as a gift could cost up to $912,166,666 depending on the source of funding.

@brooklynparkse Ай бұрын

I love this channel. Everything is so fascinating.

@JLWarren Ай бұрын

Been waiting for this response from LE!

@enoughothis Ай бұрын

Orange Man broke, much sadness. Don't mind me laughing in a corner over here.

@Confucius_Says... Ай бұрын

You're being very petty... And rightly so 😂😂😂

@itsthevoiceman Ай бұрын

@@KateBee123- truth social going public doesn't automatically give him 3 billion. The 3 billion is based on current market valuation. But who's to say it will stay the same after the merger? Lots of unknown variables in such a gamble.

@autisticusmaximus9562 Ай бұрын

@@itsthevoicemanseems to be fine lol

@Daniel-fi7jp Ай бұрын

16:58 irrecoverable missread as irrevocable. Great video LegalEagle, I enjoy the detailed and structured coverage

@Jmonkeh Ай бұрын

They set him a fine, he doesn't pay. They set him a fine, he doesn't pay. They set him a fine, he doesn't pay. 🤷

@WingedAsarath Ай бұрын

I will always insta-click a legal eagle video on this whole debacle.

@Voicesinme Ай бұрын

Yeah, there was no hesitation. I can always count on him to clear it all up; Then I won't remember how he cleared it up the next day.

@JargonMadjin Ай бұрын

@@Voicesinme All I need to remember is: "Trump dumb, might get away with it, but here's why he shouldn't"

@jessehughes8274 Ай бұрын

It's not de novo, it's DiGiorno

@maryhales4595 Ай бұрын

Snort laughing in my office. Thank you for this one!

@Andromansis Ай бұрын

So we now find out that the bond issued was either 1) fraudulent, or 2) worthless. we need an update on this video.

@dzibanart8521 Ай бұрын

This is a reminder for people to not put a narcisist or sociopath as head of companies, eventually thr house of cards they build, goes down.

@CameronHuff Ай бұрын

Why can he get away with all the delays and other things? If I tried that, I'd already been in jail.

@ripfire4 Ай бұрын

Never thought I would say this, but after watching this video I feel good about being able to pay my bills today.

@drv169 Ай бұрын

OK i get the book case and the desk like the lamp where did you get it? but i just dont understand the old time phome

@josestarks279 Ай бұрын

Surprise! The party of “personal responsibility” doesn’t believe in personal responsibility.

@igorschmidlapp6987 Ай бұрын

Truth Social IPO smells like a classic "pump and dump" stock scheme...

@andrewharrison8436 Ай бұрын

Hopefully the crash will happen before Trump can sell any shares. However I am sure that at some point there will be a Legal Eagle report on the laws broken in selling a loss making company for a fortune.