What’s a sub-prime auto loan guy gotta do to get some love in New York? Become a sub-prime mortgage lender, work on Wall Street and collapse the economy like it’s 2008 again? ;-)
His company is only rated B++, not the A- A.M. Best rating usually required of insurers for their paper to be acceptable. Nine more days until Sunday, April 14, the newest deadline.
From this article…..”Justice Arthur Engoron, who oversaw the non-jury trial, on Thursday scheduled an April 22 hearing on the bond dispute. ”
And the beat goes on…
He has just enough money to drag things out. If any one of these entities pins him to the legal specimen board with jail time, fines/penalties/restitution collected, it should let enough wind out of his sails for the rest to catch up and quickly drive their cases home.
Equally interesting, or perhaps more to the point: the insurer is not on the IRS’s Treasury List, Circ. 570, which is the criterion for posting bonds for federal obligations. Granted this is in state court, not federal court, but even larger companies have caps on the size of bonds they can issue according to Treasury List standards. The court is right to be wanting more scrutiny directed to this.
“The court requirement for bonds larger than the actual judgment amount is intended to ensure a trial loser will pay the winner if their appeal fails.” Sort of – – it’s to ensure that the loser can also pay the interest that continues to accrue, in addition to the initial judgment amount.
^^ The TDS infected are always whining, and the more they pout the more they are disappointed. Twitter deplatformed Trump and they railed and jeered. Funny how things end up, if they didn’t deplatform him, he would’ve never started Truth Social, yet since they did, he has had a windfall of $7 billion from its IPO, yet we again are reading here more pouting about the rating of the paper the bond is printed on.
The question that begs an answer is that if somehow Letitia James prevails on appeal, since Deutsche Bank’s testimony was that the weren’t defrauded, where does that “restitution” money get paid?
What’s a sub-prime auto loan guy gotta do to get some love in New York? Become a sub-prime mortgage lender, work on Wall Street and collapse the economy like it’s 2008 again? ;-)
His company is only rated B++, not the A- A.M. Best rating usually required of insurers for their paper to be acceptable. Nine more days until Sunday, April 14, the newest deadline.
From this article…..”Justice Arthur Engoron, who oversaw the non-jury trial, on Thursday scheduled an April 22 hearing on the bond dispute. ”
And the beat goes on…
He has just enough money to drag things out. If any one of these entities pins him to the legal specimen board with jail time, fines/penalties/restitution collected, it should let enough wind out of his sails for the rest to catch up and quickly drive their cases home.
Equally interesting, or perhaps more to the point: the insurer is not on the IRS’s Treasury List, Circ. 570, which is the criterion for posting bonds for federal obligations. Granted this is in state court, not federal court, but even larger companies have caps on the size of bonds they can issue according to Treasury List standards. The court is right to be wanting more scrutiny directed to this.
“The court requirement for bonds larger than the actual judgment amount is intended to ensure a trial loser will pay the winner if their appeal fails.” Sort of – – it’s to ensure that the loser can also pay the interest that continues to accrue, in addition to the initial judgment amount.
^^ The TDS infected are always whining, and the more they pout the more they are disappointed. Twitter deplatformed Trump and they railed and jeered. Funny how things end up, if they didn’t deplatform him, he would’ve never started Truth Social, yet since they did, he has had a windfall of $7 billion from its IPO, yet we again are reading here more pouting about the rating of the paper the bond is printed on.
The question that begs an answer is that if somehow Letitia James prevails on appeal, since Deutsche Bank’s testimony was that the weren’t defrauded, where does that “restitution” money get paid?
I hope you invested your retirement savings in Truth Social, the latest Trump-and-Dump scheme.
You clearly suffer from Trump Infatuation Syndrome.