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Trump Grifts, Loans, and Investigations

Discussion in 'BBS Hangout: Debate & Discussion' started by deb4rockets, Aug 22, 2020.

  1. Xopher

    Xopher Member
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    It has lost 4 bucks a share today
     
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  2. NewRoxFan

    NewRoxFan Contributing Member

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    Because... trump must be above the law...

     
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  3. DaDakota

    DaDakota If you want to know, just ask!

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    Toss him in jail and throw away the key.

    DD
     
  4. NewRoxFan

    NewRoxFan Contributing Member

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    At this point... there isn't even a pretense of the rule of law when it comes to trump...

     
  5. NewRoxFan

    NewRoxFan Contributing Member

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  6. Xopher

    Xopher Member
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    Damn. Even more now. ****ing grifter.
     
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  7. NewRoxFan

    NewRoxFan Contributing Member

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    Don't threaten us with a good time... and LOL comparing himself to Nelson Mandela.


     
    #947 NewRoxFan, Apr 6, 2024
    Last edited: Apr 6, 2024
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  8. deb4rockets

    deb4rockets Contributing Member
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    It's pretty gross and disturbing how Trump's narcissism has gotten so bad that he's compared himself to Jesus Christ AND Nelson Mandela in the span of a week. What a twisted mind he has. His perception of himself is so far off from reality it's scary. The guy is sick in the head. You can't tell me that man isn't a sociopath with a straight face.
     
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  9. NewRoxFan

    NewRoxFan Contributing Member

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  10. deb4rockets

    deb4rockets Contributing Member
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    I expect Lawsuit #3

    On Truth Social last night Trump launched a fresh attack on Carrol. The guy is pathetic. He's just a spoiled brat who never grew up, and has no control of his emotions or actions. His brain development didn't mature like a normal person.
     
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  11. No Worries

    No Worries Contributing Member

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    New Trump lawsuit possible, E. Jean Carroll lawyer says
     
  12. No Worries

    No Worries Contributing Member

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    If Trump keeps mouthing about DJT, SEC may have yet another Trump lawsuit in the works. Trump can't be saying "Everything is Great!" in preparation to dumping his shares.
     
  13. NewRoxFan

    NewRoxFan Contributing Member

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    Shocking! The bond which was reduced and delayed for trump also appears to be corruptly written to not protect payment of the required amount.

     
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  14. NewRoxFan

    NewRoxFan Contributing Member

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  15. No Worries

    No Worries Contributing Member

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    Trump’s $175 Million Bond Is Even Shadier Than It Looks

    New information shows that the insurance company that swooped in and bailed out Trump with a $175 million bond isn’t on a list of vetted companies—and wrote a bizarre contract.

    The little-known insurance company that rescued Donald Trump by providing a last-minute $175 million bank fraud bond isn’t just unlicensed in New York; it hasn’t even been vetted by a voluntary state entity that would verify it meets minimum “eligibility standards” to prove financial stability.

    Perhaps even more troubling, the legal document from Knight Specialty Insurance Company doesn’t actually promise it will pay the money if the former president loses his $464 million bank fraud case on appeal. Instead, it says Trump will pay, negating the whole point of an insurance company guarantee, according to three legal and bond experts who reviewed the contract for The Daily Beast.

    “This is not common… the only reason this would be done is to limit the liability to the surety,” said N. Alex Hanley, an expert in how companies appeal enormous judgments.

    These two points, noted here for the first time, validate the New York attorney general’s concerns that Trump is trying to avoid a financial punishment that could be catastrophic to his riches and reputation.

    “There are many questions here, and that short piece of paper gives very little comfort,” said Maria T. Vullo, who was formerly New York’s top financial regulator.

    “I believe this paper isn’t worth much and there are more shenanigans behind it,” said one former regulator, who’s intimately familiar with industry norms but spoke only on condition of anonymity.

    ...

    On Thursday, The Daily Beast noted how the Knight Specialty Insurance Company isn’t licensed by New York’s Department of Financial Services, a detail that has caught the attention of bond experts. What’s more, the firm’s financial statements show that it doesn’t have the “surplus” to meet the capital requirements for posting the bond.

    ...

    “Based on the financial statement provided, Knight Specialty is providing a bond that is one-third of its total assets and greater than its surplus, which is incomprehensible for a carrier to underwrite,” said Vullo, who was previously the superintendent of New York’s DFS.

    In subsequent court filings, the AG’s office immediately questioned whether Knight Specialty was even good for the money. The law enforcement agency said it “takes exception to the sufficiency of the surety,” noting that Knight Specialty is trying to operate “without a certificate of qualification.”

    ...

    As if that’s not enough, there’s a third gem buried in this contract that has industry experts and lawyers scratching their heads. The standard practice would be to promise that the loser would pay the judgment, “plus interests and costs.” However, Trump’s bank fraud bond doesn’t list that either.

    ...

    “That could be set up for that argument, but this would fall under a common-law statute. My best guess is that this is all set up to delay again,” he said.

     
  16. hitman1900

    hitman1900 Member

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    Trump's "Truth Social" Stock Crashes as Soon as Market Opens
    https://finance.yahoo.com/news/trumps-truth-social-stock-crashes-142329175.html?

    Lol. The guy probably didn't invest a dollar into this crap so he still makes something out of it. Love the comments on this article. ""Buy one share and get one free. Destined to become a collectors item. Hurry, limited time offer. Not sold in stores."
     
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  17. deb4rockets

    deb4rockets Contributing Member
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    It's like a ponzi scam. Buying stock in something that doesn't turn a profit. Trump is America's version of a Nigerian scam artist. I don't feel sorry for those fools though. He has a long ugly history of scamming and conning people. They have no excuse by now to continue believing in him.
     
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  18. adoo

    adoo Member

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    a law suit against the insiders, of which Trump is one, waiting to happen !
     
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  19. ROCKSS

    ROCKSS Contributing Member

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    Shocking LOL.............can the man ever do anything legally?
     
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  20. deb4rockets

    deb4rockets Contributing Member
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