Trump pays the bond in the NY fraud case
Now that the amount of the bond Trump was required to post in the NY fraud case was reduced from utterly impossible to merely extremely difficult (and I believe unprecedented for an individual; correct me if I’m wrong on that), he’s paid it:
On Tuesday, former President Donald Trump obtained a bond to cover the $175 million bond in his New York fraud case. The Knight Specialty Insurance Company will hold the bond. The company is owned by California’s “King of Subprime Auto Loans” Don Hankey. While Hankey is a Trump supporter and donor, he said Tuesday in an interview with the Daily Mail that he has not met Trump personally.
This is kind of interesting, as well. According to Hankey:
‘[Trump] first gave us a list of bonds and we approved the bonds as collateral along with some cash. When the collateral was finally posted it appears to be all cash. We have a screen shot of it and it was all cash.’
Asked why Trump didn’t simply pay the award himself, he said the transaction allows Trump to collect interest if the $175 million is invested in a money market or other allowable investment vehicle while being held in a trust account pending appeal.
What’s the interest on $175 million? Not bad.
An appeal to a higher court should be happening in the not-too-distant future. If Trump manages to delay or evade all the lawfare charges against him, this could enhance his popularity with voters still further – a sort of Road Runner thing.
I would love to see6 Trump mak6e some interest money from this frivolous bull crap lawsuit
The original The Fast and The Furious.”
Shot in Carmel and Pebble Beach among other places.
BTW, that is the same cute Dorothy Malone that plays across from Humphrey Bogart in “The Big Sleep” in the bookstore when it is raining.
$175 million times 5% is $8.75 million annually.
BTW, that is the same cute Dorothy Malone that plays across from Humphrey Bogart in “The Big Sleep” in the bookstore when it is raining.
TommyJay:
Goodness. That scene drove me crazy when I saw it in my 20s. Still does. I marvel at the flirty dialog, while Bogart is staking out the store across the street and it starts to rain:
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Malone: Gonna wait for him to come out?
Bogart: Yeah.
Malone: They don’t close for another hour or so. And it’s raining pretty hard.
Bogart: I got my car and …
Malone: (Looks Bogart up and down and smiles)
Bogart: Hey, that’s right. It is, isn’t it? It just happens I got a pretty good bottle of rye in my pocket. I’d rather get wet in here.
Malone: Well… Looks like we’re closed for the rest of the afternoon.
–“THE BIG SLEEP Marlowe and the ACME bookstore clerk (Fan made)”
https://www.youtube.com/watch?v=WTT0FYO7fHA
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Probably not as salacious as it might sound, but classy and still suggestive.
BTW William Faulkner was one of the screenwriters. And it really is the Acme Book Shop.
Love that scene from “The Big Sleep”! There’s also the scene with the female taxi driver, when Bogie gets out of the cab she says “give me a call again if you can use me”
Bogart: “Day or night?”
Driver: “Night’s better, I work during the day”