Unreliable, procedurally improper and based on a flawed premise

Sir, it’s not our fault that you exaggerated the worth of your properties.

New York Attorney General Letitia James is pushing back on Donald Trump’s “extraordinary” request for a stay of his $464 million civil fraud judgment, arguing the former president’s recent request was unreliable, procedurally improper and based on a flawed premise.

“There is nothing unusual about even billion-dollar judgments being fully bonded on appeal,” Senior Assistant Solicitor General Dennis Fan said in a filing this morning. “Defendants object to a possible ‘fire sale’ if they were to sell assets to generate cash to use as collateral for a bond or as a deposit —but the alternative would be to shift the risk of executing on defendants’ illiquid assets to OAG.”

Of course defendants object to a potential fire sale, but in Trump’s case…well, nobody cares.

The AG argued that the former president has failed to demonstrate his effort to secure a bond using properties as collateral, suggesting the issue is a product of Trump’s doing because his “holdings are not nearly as valuable as defendants claim.”

What do you mean??? They’re all worth at least a trillion dollars each.

“Defendants supply no documentary evidence that demonstrates precisely what real property they offered to sureties, on what terms that property was offered, or precisely why the sureties were unwilling to accept the assets,” the filing said. “As far as the Court can infer, sureties may have refused to accept defendants’ specific holdings as collateral because using Mr. Trump’s real estate will generally need ‘a property appraisal’ … and his holdings are not nearly as valuable as defendants claim.”

Oh, I see. Trump wanted the sureties to just say “Of course, Don, what’s ours is yours, no need for any pesky appraisal, let us know if you need a kidney.”

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