New York Governor Kathy Hochul has admitted the lawfare deployed against the Trump organization and President Donald Trump himself was a specific plan for his targeting and any other business interests or people within New York should not be concerned.
It’s a rather brazen admission all things considered; however, if it changes the public outlook as the various New York lawfare cases against President Trump continue, is yet to be determined.
(Via The Hill) – New York Gov. Kathy Hochul (D) addressed New York business owners in a new interview and told them there was “nothing to worry about” after former President Trump was hit with a $355 million fine and a ban on conducting business in New York for three years.
Hochul joined John Catsimatidis on “The Cats Roundtable” on WABC 770 AM, where she was asked if other New York businesspeople should be worried that if “they can do that to the former president, they can do that to anybody.”
“I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump and his behavior,” Hochul responded. (read more)
F – New York!
It’a all backfiring on them now and it will only get worse for them and better for Trump. You would think they would have figured that out by now.
From a practical thinking perspective, you would be accurate, but they do not have practical thinking skills, they are blind to how they present themselves because of their arrogance. Even in circumstances like this, when someone calls her out, there will be another excuse.
Leftists are emotional rather than logical / factual. How else would they create and sustain the Cult of Climate Change?
I am hopeful the boycott will be effective, but I am skeptical as these actions seem to fizzle out too easily. I am afraid we have entered down a “road of no return” with neither side relenting. I don’t see how Trump can raise $500M without bankrupting his family. How can Hochul realistically and politically back off on the damage done?
Kathy Hochul is a whore. Not a political whore, because that excuses her entire character.
If the State of New York can shoot a lion, it sure as hell isn’t going to blink at mowing down sheep.
“I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump and his behavior…”
Make no mistake. This persecution is a warning to the sheep to stay in the corral and remain “law-abiding and rule following.”
Let us not over look that there is a difference between a law and a rule. Laws are authorized by the representatives of the people. Rules are not, and in the context of modern American politics they are exclusively the product of non-elected bureaucrats.
It is quite telling the Gautleiter of New York sees “law abiding” and “rule following” not only as interchangeable, but as guarantees of personal security in her state.
You are safe as long as you do what she tells you to without failure, without question, and until the state decides you are life unworthy of life.
Well, Cumo dropped Punxsutawney Phil in 2014 and killed him.
That was Bill de Blasio
Seriously–an innocent little animal? :'(
It is time for the sheep to stand up and show their teeth.
There was a gofundme page set up to help President Trump with the legal issue in NYC and today on lap dog media they are saying that
they want to try and shut it down, someone needs to make sure these scum bags cant do that.
I don’t know about anyone else, but I am really sick the dems going all out to harm the American people
please dont let anything further happen to him and his family..
I believe the parallel-economy option is givesendgo?
Nobody should be using gofundme – they already proved they will cave to tyranny.
Exactly. That lesson should have been learned during the Canadian Truckers protest.
If 80 million Trump followers give 5 bucks each, the total will cover this lawfare.
Givesendgo is better than Gofundme. Givesendgo is non-woke and Christian and have a reputation of protecting their customers. Givesendgo not so good.
Givesendgo good – gofundme not so.
I didn’t have time to read through all of the comments here but apparently there is a so-called “poison-pill” contained in the Judges decision that requires Trump if he chooses to make a formal appeal that he must put up the full amount plus interest 1st which is just less then a half a billion $$’s.
This is outrageous! Not being anything close to a lawyer – I have to believe this is unconstitutional. It’s like rendering the death penalty with the execution date 5 days after the written decision but you can’t make any appeal until the 6th day.
Surely the appeals court would see that and step in to stop that.
Not necessarily. It’s New York, remember.
Then maybe it’s time to make an example of the judge, you know a one off like Hochul is referring to.
In order to appeal he has to put up the entire amount or get a bond which would be 10 percent. Win or lose he will lose the bond.
That order in itself is Unconstitutional.
Unfortunately, it is very expensive to prove its “unconstitutionality” as we are seeing.
I have no doubt that President Trump and his legal team were ready for this type of judgement, since this farcical judge is well known to all involved.
The #1 NY billionaire businessman Donald J. Trump made NYC what it is today and his son, Eric, says: “This is the thanks for re-building the New York City skyline?” So…my point is the Trump business family and legal representatives were not surprised at what was coming, that is why they made a very successful media presence during this sham trial.
On Friday SEC approved the merger of the Trump Media Company (Truth Social) with DWAC and allowing it to go public. The economists I have read are stating that the value on this merger alone, for Trump is anywhere between 4-10 Billion . In addition on Saturday, the Trump Sneaker line went public and on sale in Philadelphia at the Sneaker.com show and auction. The hi-top gold sneakers went for $399./pair. They are now sold out. There are a limited edition of 1,000 pair. He is partnering with Sneaker.com on his Trade Mark alone.
See how he does those deals? Not a word was leaked and it all came out Friday. Now President Trump is worth several Billion more.
Quite frankly, I am not that concerned about Turley’s dark news of the poison pill in that phoney judgment, because I believe that President Trump and his legal team were prepared and will take this to the appropriate highest appeal court. (And some notable attorneys believe the Supreme Court should take a look at this or possibly look at judges immunity clauses and get rid of it.)
Turley gets paid handsomely to write his column and be a guest on Fox and it’s his job to use controlled opposition intertwined with his legal opinion.
Just because he gives a legal opinion does not mean it is set in “gold”; it’s just his opinion
.
DWAC and truth social have not yet merged. The vote regarding the merger occurs March 22.
Okay but they received the approval on Friday, unless the financial media is all wrong.
You are both right!
Abigail you’re right the SEC approved the merger and Sparky is right that the final step is a stockholder vote on March 22.
The deadline for payment of bond or full cash payment is 30 days from the Feb 16 ruling, so before the March 22 vote.
But as Abigail has mentioned, President Trump and his team have likely been working on how to handle this for many months.
https://www.foxbusiness.com/media/trumps-truth-social-media-deal-clears-sec-hurdle-worth-millions
Thank you for these observations.
When PDJT started making moves in the internet biz, I figured he’d pile up some chips. Now maybe some extra resources to take care of other business.
Thank You Abagail. Maybe it was something Sundance wrote so long ago and so far away now. But I’ve never been convinced he was ever going to lose a one of these “lawfare cases.” I tend to look at humans by the content of their character, and I’m really enjoying the show. I really am.
Hoshul has quite a few screws loose. My cousin was already in the process of moving the HQ of his firm out of NY to Florida when the BrandonFlu started.. Heartily agree that Turley, is a columnist that earns his living, I guess in part, by getting his columns into the electronic Universe. I don’t pay homage to him or any other human opinion.
Kudo’s to Trump for beating them all at the game and profiting off of all of the crooks and liars who think they know better. I’m going to go find that very slim volume titled “The Art of War.”
I don’t know if Ad Rem will let this post pass muster because of the title of the Website, “ClusterFuckNation.” He had a post today that made LMAO.
Cheers to better days ahead.
Ack! It wasn’t me IG. The site’s spam filters automatically sort out anything with the F-word (a few others too). 🙁
No worries. with you dear one. I get the filter rules. I had to just post it anyway. Anyone who wants to go read there if they want to. LOL
I went to that taboo site tonight to re-read the post. Had another LMAO moment because I can hardly bear anything else I read today. There’s only so many doom and gloom marbles being thrown around that I can endure.
Also get it that in the words of Bob Dylan “There’s a Hard Rain that’s gonna fall.” I want that hard rain to fall on all of the crooks and liars.
Peace.
Yes, his name should be Engmoron. Just seeing his picture, it’s apparent that the guy has serious problems.
Trump should appeal to Federal Court not the NY appeals court. I am not a lawyer but I don’t think those state rules would apply in fed court. Trump has ample grounds to appeal in federal court – he was denied equal protection, was the victim of a writ of attainder, denied 1st, 4th, 5th, 7th and 8th Amendment rights. Engoron is a poster-boy for unconstitutionality and judicial overreach.
Robert Barnes, Esq. has said the same. Trump’s attorneys have already taken those necessary steps throughout this process (which is not reported anywhere) and he believes that the Supreme Court will get involved concerning this NYS law.
Barnes also said that he did not believe that the Appeals Court would require any $$’s at the initial stage, because it is more than excessive and does not comply with the state’s or federal schedule of damages.
What damages? Who was harmed? How much?
thank you for this observation.
Don’t know about “writ of attainder”, “bill of attainder” refers to a law enacted to punish an individual. Unaware of this law. This case was brought by the NYS AG (not some DA) under the theory that the state has standing to obtain equitable judgement for common law fraud, as strengthened by NYS statute, to protect the perception of “fairness” in the market-place.
However, this would more than likely apply to the NYS Legislature changing the statute of limitations for E. Jean Carroll to sue PDJT in the defamation case. That act targeted a singe person.
The $ bond requirement of Trump is a very normal requirement to be able to make a demand for an appeal. This is not unusual, but the circumstances and injustices committed by this hack of a judge make it outrageous.
TRANSLATION: As long as you think and act the way we expect you to act here in New York politically, there’s nothing to worry about!
I wonder how many “New York Minutes” the fatbodies in NYC will last without food!!! Ha ha!!! They will be losing “New York pounds”!!!
Good one. Thanks. Rats I guess are pretty popular protein when you are a human starving to death. New recipes coming? I’d rather eat a rat than a bug.
I’d vote neither. I’d be a vegetarian first.
Where are you getting your vegetables?
If Trump loses on appeal and NY gets that money, you can bet they will go after others. The State of New York does not respect its citizens and are addicted to spending their money.
Now we find he needs to pay the half billion before an appeal, this will not end well.
To which court does that apply? The New York appeals court?
Maybe his team should simply appeal – to the SCOTUS – both the illegal verdict (based on the bill of attainder aspect) and the attempt to extort him for cash.
And of course – I Am Not a Lawyer. Thankfully!
A bit more detail on Bill of Attainder (emphases mine):
American dissatisfaction with British attainder laws resulted in their being prohibited in the United States Constitution in 1789. Bills of attainder are forbidden to both the federal government and the states, reflecting the importance that the Framers attached to this issue. Every state constitution also expressly forbids bills of attainder. The U.S. Supreme Court has invalidated laws under the Attainder Clause on five occasions.
My take: New York’s Governor has stepped in it. Bigly.
PDJT lawyers call your offices!!!
I do not understand what a bill of attainder is. That said, I have heard it being used i8n several random cases over the past few years. So, it doesn’t sound like it is forbidden.
Can somebody with legal experience speak to this, to set us straight?
https://constitution.congress.gov/browse/essay/artI-S9-C3-2/ALDE_00013187/
re: bill of attainder
Sure. Think of the word “attainder” as something that reaches into the past. Thus our constitution forbids passing laws that makes past acts punishable by law, WHEN THOSE ACTS WEREN’T PUNISHABLE IN THE PAST, BUT NOW ARE.
Such laws are bills of attainder.
Isn’t that an “ex post facto”?
A Bill of Attainder is a law which specifically punishes one person. The law in question here is being used as a cudgel uniquely against Trump, so that’s why this case is being called attainder-like
Bill of attainder:
“A piece of legislation that declares a party is guilty of a crime. Bills of attainder allow the government to punish a party for a perceived crime without first going through the trial process.”
The trial in this case was rigged, and the aim of this punishment is to strip the Trump of his wealth and the Trump family of their patrimony; thus, the net result is very close to being an attainder against Trump and the Trumps
Attainder:
“The forfeiture of land and civil rights suffered as a consequence of a sentence of death for treason or felony.”
Correct. And Hochul’s statement is prima facia evidence of SELECTIVE PROSECUTION which violates the US Const. and is also strong grounds for appeal.
In re to Trump’s appeal, Hochul’s flub is the equivalent of recovering a fumble on your opponent’s 1-yard line. IT’S FIRST-AND-GOAL!
I agree. The Constitution guarantees us republican forms of government in our states. This action would appear to circumvent that.
If the following article is true, here is another state denying a republican form of government to it’s citizens:
https://www.americanthinker.com/blog/2024/02/a_recent_immigrant_and_noncitizen_is_the_newest_member_of_san_franciscos_elections_commission.html
The squeeze is really on now as the corrupt court in NYC is requiring a bond of the full amounts of the two judgments to allow an appeal. That might need to be provided by a consortium of insurance companies with almost all his assets collateralized. These lawfare dirtbags are pure evil. I don’t think Gofundme is an option.
givesendgo! pay attention, please.
Are you saying a grassroots defense fund is not an option or Gofundme isn’t?
Would definitely agree not to use Gofundme (use give send go)
I doubt “Judge” Engoran will have that foolish grin on his face when his life breath is sucked out and he succumbs to the fate of all of us mortals. He sold his soul to the company (DS) store.
Can’t wait till the scumbag assumes room temperature I am sure many Conservatives would visit his burial site and “pay their respects” if you know what I mean
Ouch, Reminds me of a joke I once heard about a famous piano player being buried face down. Gawd, why do I remember such things?
Anyone else here have grown kids that are libs? My son and his wife are in Brooklyn and they are expecting their second child in six weeks, my grand daughter. I’ve been suggesting they pack it up and move to N. Carolina for a few years. The other grandparents have a second home there (they are old timey democrats but we respect one another)….DIL’s sister also there. So they support this move also. I’m praying for my family. Part of that prayer is they will wake up and get the hell out of there.
Please, don’t encourage any kind of lib/dems at all to move to any red state! They made their bed. Let them lie in it. I had to move and turn my life upside down to get away from them.
If they do make the move it means they had an epiphany. We will always have the freedom to change our minds.
If this backfires enough and truckers upset supply chain cost of goods go up for New York voters. Consequences matter.
Sorry, but read the trucker that started talking about the boycott backed down
Other truckers are going ahead with the boycott.
We can support these truckers by boycotting NY as well. The Fascists who run the place need to feel some pain and consequences.
Don’t visit. Buy elsewhere.
Haven’t been there in years and have no plans to go.
Actually the trucker you’re referring to @Chicago1Ray is strongly back on board with the boycott. By late morning Mnday he had deleted his backdown tweet from 6AM that day.
I just checked his thread a minute ago –and yep he’s still full throttle ahead again on the boycott.
His latest tweet on the boycott (not counting retweets):
@Chicago1Ray
“I’m in Wisconsin and I’m hearing guys refusing loads….. this could take longer than a week…. my advice for New Yorkers is start stocking up… there’s millions of Truckers for Trump millions of us .. leave Trump TF alone“
Yeah, sure! Trust me darlin’. Muhahaha….
As many have said in this thread and countless others . This lawfare shit is all bill of attainder and illegal
But the people in charge don’t care about the law, they’re all criminals
In my opinion that is a crime, and organized with NY legal machinery. Remember back when the government stated that civic jabs do not help kids, the mayor got caught out mandating them. She said we did it to scare people to get the shot, also a crime
Dingbat Hochul is in a total panic. Her admission about targeting only Trump is a feeble attempt at damage control.
There are rumblings in the financial world that. If New Yourk can do this to President Trump. They can do it to any company they don’t like.
Public companies listed on the stock market fear that kind of publicity and threat. Causing Large funds and major stock and bond holders to dump shares in NY based companies. There has even been talk about boycott.
These big companies will relocate rather than see their stock prices fall because of their location. Wall Street could end up to be a Ghost Town if NY keeps up with their unconstitutional attack on Trump.
It will be interesting to see how this all plays out.
Kevin O’leary said today that New York is the #1 loser state and that he will never invest in the place again. He is telling business owners and investors to go to more friendly states with lower taxes and better state management.
I hope Trump sells all his assets in the state and never pays one cent of taxes to them again.
I hope you’re right
What convinces you she’s in a panic?
Why am I convinced she is in a panic?
Her statement about only targeting President Trump. ” any other business interests or people within New York should not be concerned.” Is big red flag waiving in her hot air.
Loosing multi billion dollar companies who’s corporate offices are located NY is a major concern.
Well again I hope you’re right.
I guess I’m in the “believe it when I see it” camp.
Horchul is trying to put out a fire with gasoline, and her statement today was more than inflammatory, In WWII, while bombs were dropping on England, there were signs EVERYWHERE that said “STAY CALM AND CARRY ON!” Uh, sometimes its just better to zip your lips.
I teel somewhat of a pervert watching this show.
Any way president could pay in pennies?
Dimes (inflation) are the new pennies and they are legal tender.
I truly recommend that Trumps team put together a video of all of the things President Trump has done for New York, out of his own pocket and time, besides all of the jobs he and his family have provided for decades.
The skating rink, the train station…
Make it about 5-10 minutes long max. Dan Scavino can pop that out in 12 seconds. get it out there and get it to New Yorkers, old and new.
This is why you should never live in or even do business in any libtard state. Libtards are the enemies.
The Supreme Court must be far too busy getting a suntan with Mr Biden.
Neither your money nor your life is safe from crooked NY bureaucrats.
NY already did it to everybody with Ms Hochul leading the charge – virus shutdown.
Escape from NYC while you can.
It doesn’t matter what Hochel says. What this means now is anybody who has taken out a mortgage, or haven’t done a thing to break any law, and they cross the state wormtongue hegemon’s of the coup regime they will get the Donald Trump treatment. They just keep racheting up the tyranny. This is worse than anything the crown imposed on the colonists.
What this shows is desperation and fear. As SD says, control is a reaction to fear.
And they’ll keep at it because it’s all they can do. None of them seem to be aware the crocodile will eat them also
Don’t ever forget those in NY that didn’t take the jab.
You have to be a crazy fool to have a business in New York.
Any lawless leftist DA and Judge can destroy a business
over politics or for any reason.
I don’t know how, but New York must pay an extremely heavy price for this.
The Big Rotten Apple with worms
Nobody will take a bite.
Certainly the next Trump administration should delay, cancel, postpone federal funds headed to NY
SD- what do you think of the truckers wanting to boycott NY? Looks like they took your advice to start making the blue areas feel the pain of their own medicine of canceling by depriving them of daily essentials!
Engoron and James should both be disbarred and tried for abuse of power, and when found guilty sent to prison.
And made to swim the narrows at rush hour.
When all these joke sentences are appealed and Trump wins, will he be able to sue???
Yes, and Hochul just gave him the ammunition, piled on top of Letitia and Bragg’s ammo.
Yeah, you are not supposed to brag about how you use the courts to further your own ends. But bragging rights is all these people have.
They tried and they will LOSE in the end.
COVFEFE!
Considering that Albany has to one of the most corrupt places in America, they should be careful. Trump ought to run on eradicating state government and big city corruption. A revamped DOJ and some Trump appointed US Attorneys could make everyone’s life in Albany and NYC miserable.
I can’t imagine that Letitia James has led a mistake free life anymore that Fani Willis has. Same with Hochul. In fact, if Cuomo happened to have any dirt on either of them, he would probably gladly give it up.
For whatever it’s worth, it’s Newsweak. Posted an hour ago.
Donald Trump Able to Post $400M Bond to Appeal Engoron Ruling: Alina Habba
https://www.msn.com/en-us/news/politics/donald-trump-able-to-post-400m-bond-to-appeal-engoron-ruling-alina-habba/ar-BB1iyaAk?ocid=hpmsn&cvid=d8eff21d2c274c718f47ff4136534016&ei=17
It appears that Donald Trump has a Civil Rights Violation case against the DA, Judge and Governor of New York State and the State itself. Since the Justice Department is not likely to enforce the Civil Rights laws when it comes to Donald Trump it is up to the Red states to boycott New York state. When the residences of the State get cold enough and hungry enough they will deal with the democrat neo-Fascist and Marxist they put in office.
Dragged out by their ears
Wish I had a NY business to move. . .
Too bad we’re already in the Sunshine State!
“Escape From New York”
No serious person can continue to live in the state of New York. No serious business can continue to invest in the state of New York.
She flat out admitted that this was a Bill of Attainder. Illegal; unconstitutional.
She’s not very smart, is she? America is being operated by the worst and the dullest … the exact opposite of the best and the brightest.
Unconstitutional witch.
“No Bill of Attainder or ex post facto Law shall be passed.”
NYC is going to miss those truckers soon….
Love the argument. “This one particular guy who obeyed all the rules, was friends with many politicians and paid the government a ton of tax money was uniquely horrible, sui generis, so therefore all you other businessmen who obey the rules but aren’t as close friends and don’t pay as much taxes — who can be destroyed without even thinking about it and increasingly often are — well, you have nothing to worry about.”
And, supposing you were a business which had reason to think you really did have nothing to fear, having this governor get up on her hind trotters and proclaim you have nothing to be afraid of should be enough to terrify you.
Sure Kathy, suuuure!
Copied this story from another person’s post:
For more than 25 years, I worked in real estate finance. I know of a case, many years ago, where a Federal prosecutor wanted to hurt someone. The”someone” neglected to list among dozens of liabilities a small loan guarantee when the “someone” applied for a loan on a real estate project. The failure to list the guarantee was unintentional. That “someone” paid back the loan applied for as well as the loan subject to the guarantee. The bank testified that the failure to list the small guarantee made no difference in their decision to advance funds. In fact, the bank said the guarantee proved irrelevant in their underwriting. Nonetheless: the Federal prosecutor argued that the “someone” violated the law and defrauded the bank eventhough the bank didn’t think it had been defrauded; eventhough no one lost a dime and both banks made the monetary return expected and were repaid in full on time without a payment ever being late. The result: the “someone” went to Federal prison for two years. With that, I lost all faith in Federal prosecutors and in the judicial system.
Eff her. A fellow NY’er.
FINALLY been through all the wonderful comments. And setting aside the bill of attainder objection, if I understand the facts of this case, no one was harmed, money borrowed, money repaid, bankers supported Trump, so the case should really have been thrown out.
Not knowing anything about the disbarment process, does the Bar bring such a process, or do they require complaints be filed ? If complaints, by whom and how do we do that ?
Clearly this judge is not qualified to hold his position.
Disbarment is rare because the attorneys police their own ranks. Out of almost 1.4 million licensed attorneys in the U.S. in 2021, the American Bar Association estimates that fewer than 500 attorneys were disbarred that year.
The Bar is no better than the police who investigates themselves after a wrongful arrest and shooting, and finds no wrongdoing.
She’s right, you know
Because she knows what everyone here already does, that the GOP doesn’t have the guts or the smarts to fight like them.
After President Trump, things will go back to normal and its fine with the GOP. Infact, they were hoping for this since 2015.
No lawfare against Swalwell, Mad Max, Pelosi’s blatant fleecing of America, Adam Shit, the VP, the lawyers and pols that perpetrated the Russia Hoax, Hunter, etc, and even this decrepit old Crypt-Keeper, nothing!
No up-roar over the big 3 attempting to destroy a sitting president?
Nothing!
Durham comes and goes in an instant, and as usual, nothing!
The GOP, save a relatively small few, are ball-less and indifferent, thinking only of their next meal and their ongoing grift!
While President Trump fights like NO OTHER on earth as the Ds throw everything they can at him, from every single direction, most GOP do nothing!
Its so heartbreaking watching this party self-destruct on purpose, and so demoralizing.
AND IT FCKIN STINKS!!!
Just forcing the Ds to spend money, just fighting back with the same fervor, would be so appreciated…but nothing!
“Don’t worry, unless your politics don’t line up…”
We are indeed living in WW3. All sane people should
leave the State of New York immediately. The SIGINT
Intel agencies should keep alert. When Bolshevik
entities openly disintegrate businesses in the NYC
area, they can expect a measured response from
opposing war parties. Like when Putin aims his
Hypersonic weapons at New York, and warns Gov.
Hochul with “Fire in the hole”.
This is a warning to the rest of us.
PDJT faces a staggering cost for appeal ..
SOURCE : https://jonathanturley.org/2024/02/20/pay-to-play-trump-faces-a-staggering-cost-for-appeal/
“In the wake of the massive judgment against Donald Trump, many in New York are celebrating the prospect that the former president could be forced to sell off his property just to be able to appeal the $355 million judgment against him. While Trump has good grounds to object to this excessive fine, he still has to come up with close to a half billion dollars just to make his arguments to the New York Court of Appeals.
In order to file an appeal, the courts require a deposit for the full amount of the damages or a bond covering the full amount. Even with escrow options, the call for cash or collateral can be enough to put some executives in a fetal position.
It can be challenging enough for many companies drained from years of litigation. For Donald Trump, the demand for $355 million plus $100 milion in interest could force a fire sale on properties to pony up just the deposit.
Many of us have been critical of the ruling of Manhattan Supreme Court Justice Arthur Engoron who imposed the astronomical fine despite finding that Trump’s “victims” not only did not lose a single dollar but made handsome profits. Indeed, these banks testified that they wanted to continue to do business with Trump as a “whale” client, but Engoron is now barring them from doing so.
Putting aside the merits of this judgment, the threshold deposit rule magnifies the unfairness of this New York law that does not require that anyone actually lose money to claim hundreds of millions from a company.
One can argue that, if upheld, any insolvency is the fault of the company. However, this rule can force insolvency just to seek review of a judgment.
For Trump, even this fine would only amount to roughly 14-17% of his wealth. The addition of the recent $83.3 million in damages imposed in a separate New York courtroom for defamation would bring the demand to over half a billion dollars in deposits with interest.
So, by making the fine so large, Engoron not only makes an appeal difficult, but could guarantee that Trump will lose tens of millions even if his judgment is dramatically reduced or tossed out.
On top of this looming penalty, however, he already owes the writer E. Jean Carroll $83.3 million in damages from a separate defamation case that concluded in January. His legal fees are also mounting as he battles four criminal cases at the federal and state level.
There is already speculation of whether Trump will have to leverage or sell his iconic properties at distressed prices. He has 30-days to ante up with the court and buyers could use that deadline to their advantage. The added amount is due to another New York provision imposing a massive 9 percent interest rate on judgments.
That means that every day, Trump is being hit by roughly $90,000 in just interest increases.
Trump could secure a bond, but such a guaranty would come at its own premium price. However, a bonding company requires a defendant to put up 10% for the total and would lose that amount even if he prevailed. That is a roughly $45 million cost just to secure the right to an appeal. In this case, the cost could be higher given the judgment and the bar on Trump doing business for three years in New York.
The expectation is that Trump can make the deposit or secure a bond to avoid what some gleefully called a “fire sale” on this properties. The deposit is now being celebrated as an added indignity and penalty.
However, as New Yorkers cheer this moment, many business are likely wondering “but for the grace of God go I.” Undervaluing or overvaluing property is a common practice, particularly in real estate. That is why representations, like the one made by the Trump Corporation, come with a warning that estimates are their own and that the banks need to make their assessments.
Faced with high crime and high taxes, the spectacle in Manhattan is only likely to accelerate the exodus of businesses and high-earners from the city. That prospect has already alarmed Gov. Kathy Hochul who declared “business people have nothing to worry about, because they’re very different than Donald Trump and his behavior.”
That sounds a lot like “you are fine so long as you are not Trump.” Yet, that is not reassuring to businesses who want a legal system that is based on something other than selective and arbitrary enforcement. Attorney General Letitia James campaigned on bagging Trump without even bothering to name the offense. She also sought to dissolve the National Rifle Association.
The line between doing business and a public execution appears to be the dubious discretion of Letitia James.
That is not the type of assurance that most businesses would accept in risking billions in investment. Despite the high taxes and falling services in New York, the city remained a draw for business as a commercial and legal center. The experience and objectivity of courts in dealing with business disputes was a selling point for companies.
That has been shattered by the James campaign and the Engoron ruling. Telling business to just “don’t be like Trump” is more menacing than consoling. Letitia James is now the face of New York corporate law — it is the “face that launched a thousand ships” . . . toward Florida. Businesses can get lower taxes, lower crime, better schools, and a better regulatory environment in virtually any other state. Fewer are likely to want to come for the shows, but stay for the disgorgement.
Shark Tank’s Kevin O’Leary said Monday that he would “never” invest in New York after this absurd judgment.
Creating an ad hoc business code for Trump undermines the city’s reputation as a premier jurisdiction for corporate and tax law. If the rate of exit increases, it will impact not just employees working for these companies (like the Trump companies) but the vast network of supporting businesses, including law firms.
As New York politicians campaigning on “eat the rich” platforms, the confiscatory Trump judgment leaves many in the city wondering if they could be the next course.”
This Mad Hatters admission is even worse than it sounds. She is trying to placate people by saying President Trump was specifically targeted. Think of the deeper implications and ramifications of that. The law being used to specifically target someone for political persecution.
Nobody should do business in NYC. It is a cravenly corrupt metropolis that is degenerating into oblivion.
Do not visit or do business in NYC. Let that city fall to the illegal invaders.
The appellation “Mad Hater” works for her too.
This is unbelievable!
That anyone is still there!
Nobody should do business with the entire State. Enough already of this Bull Crap. My wife and I will never again be going to Niagara Falls, The Finger Lakes or any other vacation spot in that State again, as long as it is Governed by those Leftists.
That’s very unfortunate. There are a lot of decent hard-working people in NYS who have/want NOTHING to do with Albany. Yet NYC dictates to the entire state.
I along with 4 other girlfriends visited NYC about 30 years ago. We flew out of Toronto to NY Laguardia Airport. We were fortunate to stay at the then Drake Hotel, a beautiful place indeed. The 3 day stay was something we still talk about today, a girls trip. Central Park buggy ride, visited Tiffany’s although did not buy anything there, a friend bought a paper bag which cost her $5.00 at the time. The exchange rate on the US $$ was almost 50%, so we kept that in mind when wanting to buy anything. The Empire State tour was breathtaking for us. I am so grateful that we had the opportunity at that time to have a wonderful time, a visit to keep in mind. The last few years, no one could pay me enough to set foot inside many of the USA States, the videos I have watched and the stories that I read. I truly wish the good people of NY and other states all the best enduring the criminal evil people running this horrible clown, govna show. The things they are doing to PDJT are worse than anything these politicians have to say about Russia and P. Putin, they are worse than anything I have seen. I pray for PDJT, his Family especially as they have targeted them for their own evil purposes. Lord God I pray they reap every single thing they have sown against the loving God fearing people that reside there. God Bless. Gospodi Blagoslovi i Pomiluj. Amin Amen.
Her words sound defamatory to my ears.
Exactly. The spider to the fly: “Yes, I did devour that that first big fly. However, do let me invite you in. I wouldn’t dream of devouring you, too.”
My Spidey sense calls “b.s.” on that statement.
As one of us falls– so do the rest of us.
Shut New York Down!!!
The entire state has been suffering with these morons and demons in control of it. We never voted them in…they had voter fraud under their belt years ago. It MUST fall. Worse than Detroit fell. It must be God’s raised hand slamming it hard to show the world what happens when you side with Lucifer and laugh at His holiness.
Pretty much. When you say “We wouldn’t do this to anybody else,” you’re admitting what it’s all about.
Grechen, er, Kathy saying the quiet part out loud. Gosh, those two should be sisters.
No legitimate business should assume they will be exempt from this same misuse of the law, should they remain in NYC.
I am going to leave this here. Support freedom!
https://www.trumpstore.com
Except they will be, and they know they will be….unless they associate with the Trump family.