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BumRushDaShow

(129,077 posts)
Sun Mar 24, 2024, 12:26 PM Mar 24

Eric Trump on father's $400M bond: 'No one's ever seen a bond this size'

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: The Hill

03/24/24 12:03 PM ET


Eric Trump lamented the $454 million imposed on his father, former President Donald Trump, to cover a civil fraud verdict.

“No one’s ever seen a bond this size,” he told Fox News host Maria Bartiromo during a Sunday interview. “Every single person, when I came to them saying ‘hey, can I get a half-billion-dollar bond?’ They were laughing. Top executives of large insurance companies had never seen anything of this size.”

Bartiromo questioned Trump about how the court arrived at the $454 million for his father to pay.

“You know what it was, it was a crooked number. There are no victims; there is no number. The number should be zero,” he said. “My father has run a great company. I run a great company. We’ve never had a default. We’ve never missed a payment.”

Read more: https://thehill.com/homenews/4552600-eric-trump-on-fathers-400m-bond-no-ones-ever-seen-a-bond-this-size/



"We’ve never had a default."


The family businesses had 6 defaults.

Donald Trump Should Probably File for Bankruptcy, but Likely Won’t Because He’s Worried It Would Make Him Look Like a Loser: Report

He’d apparently rather have his assets seized by the New York attorney general.

By Bess Levin
March 21, 2024

(snip)

“He thinks about what is going to play politically well for him. Bankruptcy doesn’t play well for him, but having her try to take his properties might.” While Trump may actually be right about that—it’s not hard to imagine him convincing his supporters that he’s the unjust victim of government tyranny, claiming America has devolved into a communist hellhole, and telling people they’ll be next—he is, of course, no stranger to bankruptcy protection. Between 1991 and 2009, Trump’s companies filed for Chapter 11 bankruptcy six times. (On the 2016 campaign trail, the Queens-born real estate developer insisted this was evidence of his brilliance.)

(snip)

https://www.vanityfair.com/news/donald-trump-bankruptcy-finances
20 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Eric Trump on father's $400M bond: 'No one's ever seen a bond this size' (Original Post) BumRushDaShow Mar 24 OP
Maybe that's because most litigants don't need appeal bonds that size Ocelot II Mar 24 #1
Who said it needs to be one bond? getagrip_already Mar 24 #2
And that means a lot coming from a glue-eater Blue Owl Mar 24 #3
"There are no victims;" Gore1FL Mar 24 #4
It's that crooked family's "repeat a LIE over and over and it becomes the truth" MO. Justice matters. Mar 24 #9
Once he's bankrupt and unemployed Diamond_Dog Mar 24 #5
Tell Eric's dad to google that false claim ... marble falls Mar 24 #6
MOSTLY FALSE EarlG Mar 24 #7
Not only a cheater and a crook but a liar too. C_U_L8R Mar 24 #8
Horse face lacks good horse sense. Prof. Toru Tanaka Mar 24 #10
Did The Hill fire John Solomon yet? underpants Mar 24 #11
More trump B.S. republianmushroom Mar 24 #12
Walking freak show MorbidButterflyTat Mar 24 #13
Can he spell "inheritance"? He won't need to. twodogsbarking Mar 24 #14
Never had a default? BaronChocula Mar 24 #15
It's the biggest bond, the best bond, like no one's ever seen 0rganism Mar 24 #16
The trump fraud family committed 20 years of fraud against the state of New York. That's average of $20 million a year iluvtennis Mar 24 #17
This has brightened my day. twodogsbarking Mar 24 #18
It's like that entire family have no concept of reality NanaCat Mar 24 #19
AFTER a review by forum hosts LOCKING Omaha Steve Mar 24 #20

Ocelot II

(115,732 posts)
1. Maybe that's because most litigants don't need appeal bonds that size
Sun Mar 24, 2024, 12:29 PM
Mar 24

because the extent of the fraud they were successfully sued for wasn't so astonishingly yuge, ya suppose?

getagrip_already

(14,764 posts)
2. Who said it needs to be one bond?
Sun Mar 24, 2024, 12:30 PM
Mar 24

It can certainly be an aggregation spread out among multiple bond agencies. Spreading out risk do no one company is too exposed.

If he has the assetts, he should be able to stitch together a package.

Unless nobody trusts him and his collateral is junk bond status.

Blue Owl

(50,402 posts)
3. And that means a lot coming from a glue-eater
Sun Mar 24, 2024, 12:31 PM
Mar 24

Gore1FL

(21,132 posts)
4. "There are no victims;"
Sun Mar 24, 2024, 12:39 PM
Mar 24

It seems like the next statement would have to be be "the money we gained in the fraud came from thin air," for that to be true

Justice matters.

(6,930 posts)
9. It's that crooked family's "repeat a LIE over and over and it becomes the truth" MO.
Sun Mar 24, 2024, 12:54 PM
Mar 24

Banks were the victims by charging lower interest than they would have charged based on real numbers. By charging less in interests, they made less profits for their shareholders (the victims).

Insurance companies were lured, thus their shareholders (the victims).

For using two sets of books, New York State taxpayers (the victims) had to pony up for the amounts that crooked family illegally benefited from in order to pay less taxes than they should have paid.

Of course Faux Noise would never inform their Qult of that.

Everybody must follow the same set of laws!

Diamond_Dog

(32,005 posts)
5. Once he's bankrupt and unemployed
Sun Mar 24, 2024, 12:43 PM
Mar 24

He can apply for a job calibrating lie detectors.

marble falls

(57,099 posts)
6. Tell Eric's dad to google that false claim ...
Sun Mar 24, 2024, 12:46 PM
Mar 24


https://bondjamesbondinc.com › bail-bonds › the-five-highest-bail-amounts-in-u-s-history
The Five Highest Bail Amounts in U.S. History - Bond James Bond Inc
Wealthy New York real estate heir Robert Durst holds the record for highest bail amount set in the U.S. with a stunning $3 billion. Durst was accused in 2003 murder of his wife, with bail set at $1 billion. However, after skipping bail and tampering with evidence, Durst was re-arrested and his bail increased to $3 billion.

https://www.businessinsider.com › how-sam-bankman-fried-250-million-bail-compares-huge-bonds-2022-12?op=1
How Sam Bankman-Fried's $250 Million Bail Compares to Other Huge Bonds
Dec 23, 2022Sam Bankman-Fried's $250 million bail was described by Assistant US Attorney Nicolas Roos as the "largest-ever" pretrial bond. The FTX founder stands accused of spending $8 billion of customers ...

https://medium.com › lessons-from-history › eight-highest-bail-amounts-set-in-the-history-of-united-states-48a1cb81581f
Eight Highest Bail Amounts Set in the History of United States
A Columbus judge set Freeman's bond at $1 billion, despite the fact that she was not the top individual running the businesses. ... He was found to have made over $50 million from illegal trades ...

EarlG

(21,949 posts)
7. MOSTLY FALSE
Sun Mar 24, 2024, 12:47 PM
Mar 24

PolitiFact:

The $454 million bond is “unprecedented, and practically impossible for ANY Company.”

(snip)

Trump is wrong in his characterization of the judgment’s relative size.

This judgment’s size is not unprecedented, according to examples provided by James’ office and an expert we contacted. A judgment that big is more common in cases involving large or multinational corporations than with a privately owned, closely held company such as the Trump Organization.

https://www.politifact.com/factchecks/2024/mar/22/donald-trump/trumps-454-million-bond-for-new-york-fraud-case-is/

But of course he's a Trump, so if his mouth is open, he's lying.

Also, "There are no victims," unless you count everyone living in New York State, plus the banks he ripped off. Judge Engoron wrote that "the frauds found here leap off the page and shock the conscience.”

C_U_L8R

(45,003 posts)
8. Not only a cheater and a crook but a liar too.
Sun Mar 24, 2024, 12:49 PM
Mar 24

No one buys your sob story, Eric. Quit whining.

Prof. Toru Tanaka

(1,964 posts)
10. Horse face lacks good horse sense.
Sun Mar 24, 2024, 01:15 PM
Mar 24

republianmushroom

(13,613 posts)
12. More trump B.S.
Sun Mar 24, 2024, 01:36 PM
Mar 24

“My father has run a great company. I run a great company. We’ve never had a default. We’ve never missed a payment.” You don't default on loans issued by the Russian mafia. Unless you like sleeping with the fish.
Your brand was found guilty. Man up, dude.

MorbidButterflyTat

(1,820 posts)
13. Walking freak show
Sun Mar 24, 2024, 01:52 PM
Mar 24

"Bartiromo questioned *rump about how the court arrived at the $454 million for his father to pay."

Why? How would he know? The court documents are public, she could find that out for herself. BUT this gives Gums the chance to echo what daddy who hates him told him to say:

“You know what it was, it was a crooked number. There are no victims; there is no number. The number should be zero,” he said.

That demented rambling sounds exactly like that fermented puss bag. A "crooked" number?

That mock innocence of hers, "how could they do that to li'l ol' yew?"

Reminds me of a segment of Bill O'Reilly years ago before he got axed for being a sexual predator, which since then they've chosen to embrace and glorify. Some big boobed blonde bimbo "reporter," or "journalist," or whatever fake title they give themselves, in nine inch stilettoes, two inches of skirt and eight miles of cleavage was wailing about President Obama's admin using plastic eggs for the Easter egg roll (or whatever) at the White House. "What a travesty! Plastic eggs! What's next if real patriots don't stop him?? Tan suits and Grey Poupon?!!"

So then Bill disingenuously asks her why they were using plastic eggs instead of real, red white and true blue American eggs from honest to Gawd patriotic and probably veteran conservative Republican chickens and she kind of flippantly said it was something to do with baby chicks. Because telling the TRUTH about factory farming is so very radically liberal and progressive; animals should go to their deaths with pride to be feeding real Americans despite spending their lives locked up in tiny cages filled with excrement and tortured by sickos. It might upset the shareholders and/or sponsors and/or donors.

Well that went off the rails.

twodogsbarking

(9,757 posts)
14. Can he spell "inheritance"? He won't need to.
Sun Mar 24, 2024, 01:57 PM
Mar 24

BaronChocula

(1,559 posts)
15. Never had a default?
Sun Mar 24, 2024, 03:10 PM
Mar 24

Eric needs the Internets.

The flamboyant tycoon, short of cash and unable to borrow more because of feuds among his lenders, failed today to make about $45 million in payments due on a bank loan and on junk bonds he issued to finance his Trump Castle Casino.
The missed deadline, which put Trump legally in default on his debt, marks the first time the publicity-conscious mogul has failed to make timely payments to bondholders who helped him finance his three Atlantic City casinos.


https://www.washingtonpost.com/archive/business/1990/06/16/trump-misses-45-million-in-debt-payments/eaa4c82a-50c7-459f-8c39-b5f134ffd38e/

0rganism

(23,956 posts)
16. It's the biggest bond, the best bond, like no one's ever seen
Sun Mar 24, 2024, 03:20 PM
Mar 24

Big strong bankers come up to me with tears streaming down their cheeks, saying, "Thank you sir for showing us how Great a bond can be."

iluvtennis

(19,862 posts)
17. The trump fraud family committed 20 years of fraud against the state of New York. That's average of $20 million a year
Sun Mar 24, 2024, 03:37 PM
Mar 24

so it doesn't fit Eric's narrative of “No one’s ever seen a bond this size”.

STFU Eric.

twodogsbarking

(9,757 posts)
18. This has brightened my day.
Sun Mar 24, 2024, 03:55 PM
Mar 24

NanaCat

(1,161 posts)
19. It's like that entire family have no concept of reality
Sun Mar 24, 2024, 04:10 PM
Mar 24

When you crime large, the settlement is large.

ETA:

Most companies that face settlements that large don't need to come up with a corresponding bond. When you're a real business, you have the money to back up an appeal. Companies have had even bigger judgments against them, but we never heard of them whining about anything regarding it. They simply put up the dough and went on with their appeal.

These con artists would be able to do the same thing if they were a real business, rather than money launderers and grifters.

Omaha Steve

(99,658 posts)
20. AFTER a review by forum hosts LOCKING
Sun Mar 24, 2024, 04:34 PM
Mar 24

Not important news of national interest.

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