Name:   MartiniMan - Subject:   Trump's ace in the hole in NY case Date:   3/20/2024 1:59:58 PM

So he has to come up with a $450B bond, which is not possible.  Turns out one option they are considering is to temporariy turn over one of his buildings in NY to the state, only to get it back if he wins on appeal.  For example, he owns 30% of one building (1290 Avenue of the Americas) worth an estimated $1.9B.  So that is more than enough to cover the ridiculous judgement until he can appeal.  That would make the state of NY the temporary owner of the building until the appeal is done. I hope he goes that route as it will kill the left since they want him to have to pony up cash.  That is not going to happen.

And when he appeals you are going to hear a lot about Ruth Bader Ginsburg's majority opinion on this very issue.  The irony is thick if she not only gave us another seat on SCOTUS with her refusal to resign when Obama could appoint a successor, but her prior ruling may save the day for Trump on appeal.  And I can assure you there are a lot of NY developers that are ardent Democrats who want him to win on appeal as they know the chilling effect this nonsensical decision will have on MY CRE.