Trump posts nearly $92 million bond in E. Jean Carroll defamation case

Whats it for?

 

To ensure the award of damages plus interest will be paid should the appeal fail.

 

Hit him again, indeed. He just does not learn. He does not think he has to. And THAT says that there is something seriously wrong with him ( and his mentality)

 

What's a bond for?

It allows Trump to put up a smaller percentage, called a premium which is 1-3% in NY (on values that large), but to get a surety company to post the full amount as a bond (or rather, 120% of the amount) he'll have to put up collateral.

So, he could forgo the appeal and pay the $88 million judgment, he'd save the premium cost .

If he appeals, he could win and only lose whatever he paid as premium. Or he could partially win.

If he appeals and loses, he'll pay the premium and the judgment (or rather, reimburse the bonding company, who will return the collateral), or if has no cash to reimburse the bonding company, the bonding company will liquidate the collateral to get their money back (the bond they paid now goes to Carrol to satisfy the judgment). they make their money on premiums.

To more easily understand it, draw stick figures and cartoon money and draw lines to how the money flows and it becomes visible on paper.

Here is the AI version, which i think is pretty much what I said:

In the context of legal judgments and appeals, a bond, specifically an appeal bond (also known as a supersedeas bond), plays a critical role. Here's how it functions and relates to the scenario you've described, such as in the case of Donald Trump and the Carroll judgment appeal:

1. Purpose of an Appeal Bond: An appeal bond is required by a court when a defendant wishes to delay payment of a judgment until the appeal process is complete. The primary purpose is to ensure that the judgment will be paid in the end if the appeal is unsuccessful. It protects the plaintiff from the risk that the defendant will become insolvent during the appeal.
   
   
2. How It Works: To secure an appeal bond, the defendant (in this case, Trump) must work with a surety company. This company provides a guarantee to the court that the judgment amount, plus any additional costs determined by the court (often a total of 120% of the judgment value), will be paid if the defendant loses the appeal.
   
   
3. Premium and Collateral:
   • Premium: This is the cost of securing the bond from the surety company, typically ranging from 1% to 3% of the total bond amount. The premium is essentially the fee for the bond and is non-refundable, regardless of the appeal's outcome.
   • Collateral: The defendant may also need to provide collateral to the surety company, especially for large bond amounts, to secure the bond. This collateral is at risk if the defendant loses the appeal and cannot reimburse the bonding company.
4. Outcomes:
   • Winning the Appeal: If Trump wins the appeal, the bond is dissolved. He would not need to pay the judgment amount but would lose the premium paid for the bond.
   • Losing the Appeal: If the appeal is unsuccessful, Trump would need to pay the judgment amount. The surety company would use the bond to pay the judgment (and any additional court costs up to the bond's limit), and Trump would need to reimburse the surety company. If he cannot reimburse them in cash, the surety company would liquidate the collateral.
   • Partial Win: It's also possible that Trump could win the appeal in part, potentially reducing the judgment amount. The specifics would depend on the appeal's outcome.
5. Strategic Consideration: Choosing to appeal and secure a bond is a strategic decision. It involves weighing the cost of the premium (and the risk to the collateral) against the potential to reduce or overturn the judgment. By appealing, Trump is essentially betting that he can either win or reduce the judgment amount enough to make the cost of the bond (premium and risk to collateral) worth it.

In summary, the appeal bond allows Trump to contest the judgment without immediately paying the full $88 million. However, this approach comes with its costs (the premium and the risk to collateral) and risks (the possibility of losing the appeal and having to pay both the judgment and reimburse the bonding company, potentially through liquidation of the collateral).

 

Like Hunter's lapto---err---Hunter's bribes and banning abortion?

 

It's what's called a supersedeas bond. It's to secure the money judgment pending appeal so that the judgment debtor (the Orange Debtor) doesn't piss their assets away pending appeal.

 

Curious what dumb as a rock Lara Trump's salary is?
Or is she volunteering her idiocy? hehehe


'Democrats Celebrate Lara Trump Plunging RNC into 'Financial Disarray'
Source: Newsweek

Published Mar 13, 2024 at 8:01 AM EDT


'A leading Democrat has joked that the Republican National Committee is in "financial disarray" following sweeping changes introduced by its new leadership.

Jaime Harrison, the chair of the Democratic National Committee (DNC), said in an interview with MeidasTouch: "The RNC is down bad... they are in financial disarray, they are dealing with a mass purge of staffers just a few months before the election."

He added: "They're on one of the worst losing streaks we've seen in modern party politics in the history of this nation. "Go Lara go... girl you are doing it, you are knocking it out the park, keep doing it."

Harrison's remarks came after reports that the RNC had laid off more than 60 employees to cut costs since unveiling its new leadership team last week. Donald Trump's daughter-in-law, Lara Trump, was elected co-chair of the RNC, while Michael Whatley, a long-time Trump supporter, was elected chair.'

Read more: https://www.newsweek.com/democrats-...national-committee-financial-disarray-1878724

 

Confirms that everything the Trump family touches turns to crap. From the top down: None of them have intellectual acuity.

 

Should we ban Jordan Peterson from all platforms also?
He was exiled from SA, went to school here and 2 of his kids are us citizens.

 

i believe he's a naturalized citizen, and the exile itself shows he doesn't have political backing or support. The assassinated journalist on the other hand is or was more or less lobbying the American Public to HIS foreign domestic causes.

Again, I thought we were against interference. It turns out, we're only against SOME interference not all.

 

Nobody is against foreigners telling us the problems at home. That isn’t interference. Well maybe you’re against it lol

 

Yes, I am against foreigners lobbying us about their issues, and lobbying our government for the same. That's how we get in these messes. Like the Yemeni civil war, that benefits absolutely NO ONE but it does benefit those with the ethnic tensions in question.

Also, see, EU. I promise you, 99% of US Citizens could care less about the fate of Europe. But those with EU ties in the US caring? That's a different story. And over the course of the last century, that has dictated our foreign policy.

 

Most, if not all of it, will be nullified on appeal.

 

While he's appealing E Jean Carroll, he'll be getting new fines for Stormy Daniels. And then there will be Karen McDougal. I'm sure Rosy O'Donnell is in there somewhere. What's with him and women? I wonder if Melania can answer that?

 

Did he pay in Rubles? What's the exchange rate these day?

 

The left is abusing their power to get Trump and to make him penniless, right out of Putin's Russia.

 

Trump brought all this on himself. HE and HE alone is accountable for his conduct. Blaming the left for Trump's problems is nonsensical. Blaming ANYHONE else for Trump's self created problems is silly.

IF it had been a Dem leader that conducted himself in the same despicable way, he would have been tarred and feathered a long time ago.

(as we have seen the R's try to get Biden ......and with NO evidence. Now THAT was purely pollical and a distraction from getting any productive work done for the nation/ people.)

 

The left have brought it on him. Most people realize it is all political.

 

Very good response. Wholeheartedly agree!

 

How good is this from my favourite Aussie poster, Karnal/Mattyfisk?

Reeking with sarcasm, satire, irony.