Trump this.

[rareboy]

As a follow up to the above....Nikki Haley reported more cash on hand at the end of February than the RNC.

Let that sink in.

 

[rareboy]

But Trump just theoretically got 3 billion dollars richer today in one of the best grifts and money laundering schemes yet.

https://www.cnn.com/2024/03/22/business/trump-truth-social-dwac-shares/index.html

 

[KaraBulut]

And they are mostly all citizens whose families were here before your pale ass showed up, when Texas was still Mexico. Illegals keep a low profile.

Non-citizens here illegally can't get EBT and you are a liar if you say they can. If you have an issue about the border, take it to the Trogs you are parroting - they are the ones who won't reform the system because they want nothing to change so they can beat Biden with their own sins while the horde blithely doesn't bother to question them While Abbot commits murder on the RIo Grande....

A couple of weeks ago, one of the news channels showed a gap in the border wall fence and I recall seeing quite a few Black and Asian-looking migrants going through the hole while the reporter was talking about how they were "pouring in from Mexico". The reporters words didn't exactly match what was actually happening in the background.

Well, it seems that the bracero type migrant isn't the majority of what is being detained at the border.

Migrant encounters at U.S.-Mexico border have fallen sharply in 2024

The monthly number of U.S. Border Patrol encounters with migrants crossing from Mexico has plummeted in 2024 from 2023's record high.

www.pewresearch.org

Venezuelans, in particular, stand out. Nearly 47,000 migrant encounters in December 2023 involved citizens of Venezuela, up from about 6,000 a year earlier. The number of encounters involving Venezuelans was second only to the approximately 56,000 involving Mexicans in December 2023.

There has also been a sharp increase in encounters with citizens of China, despite its distance from the U.S.-Mexico border. The Border Patrol reported nearly 6,000 encounters with Chinese citizens at the southwestern border in December 2023, up from around 900 a year earlier.

Why the sudden increase in Venezuelans? Well, on his way out of the White House in Jan, 2021, Trump issued an executive order granting Venezuelan asylum seekers an 18 month "special temporary status" reprieve so that they can stay in the US. As a result of the Trump order, Venezuelans get work permits while they are in the US awaiting adjudication of their asylum claim.

https://www.politico.com/news/2021/01/19/trump-venezuela-temporary-legal-status-460524

President Donald Trump on Tuesday announced he will offer Venezuelan exiles protection from deportation, a move he has considered for years but refused to do until his last full day in office.

Trump is using the little-known Deferred Enforced Departure program, or DED, to offer temporary legal status to Venezuelans fleeing the humanitarian crisis brought on by Nicolás Maduro’s regime. DED, similar to Temporary Protected Status or TPS, protects recipients from deportation and allows them to get work permits. However, it is granted directly by the president instead of the Department of Homeland Security.

This Pew Research report came out before the latest crisis in Haiti. I've been wondering why there have been requests for French and Creole relief workers at the border in the past few months.

P.S. Venezuelans also ask, "Dónde está el baño?". In Creole, you can just ask, "Ki kote twalet?".

 

[rareboy]

 

[rareboy]

 

[rareboy]

 

[TX-Beau]

View attachment 2426958

They are all homophobes and bigots.

 

[rareboy]

 

[rareboy]

 

[rareboy]

 

[rareboy]

 

[rareboy]

 

[rareboy]

From Robert Reich:

"There’s something odd about Trump’s inability to post an appeal bond in his NY civil fraud case.
All those buildings and clubs could serve as collateral against a loan to pay the bond…unless they are already collateral on other loans.
Is it all a house of cards?"

 

[rareboy]

 

[TX-Beau]

From Robert Reich:

"There’s something odd about Trump’s inability to post an appeal bond in his NY civil fraud case.
All those buildings and clubs could serve as collateral against a loan to pay the bond…unless they are already collateral on other loans.
Is it all a house of cards?"

He already owed some 450 million to various banks. I have no doubt a bunch of property is already collateral.

 

[rareboy]

I have always suspected 40 Wall Street and Bedminister are, along with Mar-a-Lago and his other club in Florida-stan. Chicago...definitely. I doubt if he really even owns that one because it was mortgaged to the hilt when he had to renegotiate the loan.

I wonder how much they were actually valued in order to back loans.

 

[TX-Beau]

I have always suspected 40 Wall Street and Bedminister are, along with Mar-a-Lago and his other club in Florida-stan. Chicago...definitely. I doubt if he really even owns that one because it was mortgaged to the hilt when he had to renegotiate the loan.

I wonder how much they were actually valued in order to back loans.

On the TV, an ex-NY ag guy said that Letitia James will only seize real estate as a last option. What she'll do is take his bank accounts and garnish the profits/rents on the properties in question, or some combination of all of it. A bunch of Toad Tower is sold, so he doesn't even own the majority of that building. I guess it would be simple to take that gilded monstrosity on top, but who wants to pay to live there?

Any sales will be at discounted prices. It's certain that any liquid assets will go first.

 

[rareboy]

I can't see that the bank accounts will be very liquid. Strategically, I would imagine over the last months that they've been emptied, Certainly if they seize equities and liquidate those, Trump should be grateful for Biden's economy and the strength of the Dow.

The thing about the rents is interesting though....if the buildings are effectively mortgaged, New York and the lenders will be at odds since the value of the buildings to underwrite loans is largely in their cash flow?

 

[TX-Beau]

I can't see that the bank accounts will be very liquid. Strategically, I would imagine over the last months that they've been emptied, Certainly if they seize equities and liquidate those, Trump should be grateful for Biden's economy and the strength of the Dow.

The thing about the rents is interesting though....if the buildings are effectively mortgaged, New York and the lenders will be at odds since the value of the buildings to underwrite loans is largely in their cash flow?

If he didn't liquidate his accounts before this trial, it's too late. The court already has control of Toad Inc.'s assets, and it knows where the rest are. My suspicion is that there never was a large pot of cash anywhere at all. The other thing the ag guy said is that regarding rents/sales. club dues, green fees, merch, and the rest of the revenues that his properties generate, the State of NY gets first dibs.

Letitia and the court will compile a list of creditors in priority and start going down the list - that requires a court order. Once all profits have been allocated to whomever, they'll sell off unproductive properties and personal effects like the plane, personal property, or anything of actual value that he or Toad inc. owns.

Junior and the Stupid One are not off the hook either. They will lose their cash as well. It's also possible that she'll go after Barron's trust claiming it is profits of fraud. I don't know how that might play out, but it would be kinda a dick move on her part.

 

[KaraBulut]

On the TV, an ex-NY ag guy said that Letitia James will only seize real estate as a last option. What she'll do is take his bank accounts and garnish the profits/rents on the properties in question, or some combination of all of it. A bunch of Toad Tower is sold, so he doesn't even own the majority of that building. I guess it would be simple to take that gilded monstrosity on top, but who wants to pay to live there?

Any sales will be at discounted prices. It's certain that any liquid assets will go first.

Cash and equity accounts are the easiest to seize. It would also force a liquidity crisis at the Trump Org when they're unable to fund day-to-day operations, meet payroll, make mortgage payments and fund the family's lifestyle. The absence of liquidity would also force Trump to offer up alternative properties without the State having to go to court to put liens on them.

Lenders are already unlikely to give Trump loans. With the knowledge that the State of NY intends to take any cash coming into the business, it pretty much means Trump Org will never be able to get unsecured lines of credit.

The issue with the list of Trump properties in the US is that many of them just have his name on them. In many cases, he's the manager of the property not the owner. The residential buildings are condos and apartments owned by individual purchasers. Commercial buildings have lower value because so many people are now working from home and don't have a traditional office. Golf clubs and resorts aren't the kind of properties that buyers are seeking.

There was some discussion that Trump had already made a Faustian bargain to get the money for the bond and that he's playing the reality show aspect to wait until the last minute to post the bond. We'll know soon enough, as he's down to 48 hours before AG James lowers the hammer.