George Conway was just on "Morning Joe" and said he calculated the accumulating interest on trump's...

[brush]

NY AG Tish James' won judgment against him for fraud.

Conway says it's $17.00 a second. A SECOND. There are 86,400 seconds in a 24 hour day.

Multiply 86,400 by 17, and it's mind boggling. Who is going to pay that, sponsor such a bond? And the accumulation doesn't stop until the appeals are over and the money is disgorged to appropriate entities.

It's just about unfathomable how trump is going to pay this.

[Omnipresent]

1. I know..

Fake billionaires don’t have that kind of money.

[samnsara]

2. as i was watching it i thought..oh my theres another 1000$

...for ol donnie.

[EYESORE 9001]

3. Tick tock, you bloated fartsack

Hope he knows that per-second figure is rising continually due to the magic of compound interest. That’s gotta hurt for a guy who’s never left a penny lying on the sidewalk.

[Bucky]

4. Well, *someone* loaned him that money

If I'm not mistaken, it was a Swiss banker. It's good to have friends. I wonder if Trump was smart crafty enough to to make sure the Swiss financier was a shell for Saudi oil barons rather than Russian money launderers.

[brush]

5. I haven't heard that. Chubb did sponsor the 91 mllion bond for the E. Jean Carroll case though.

[Bucky]

7. Sorry, I have trouble keeping all those dollars straight

[TwilightZone]

27. It was Chubb. Their HQ is in Switzerland.

They're an insurance company, one of the world's largest.

They have $200 billion in assets and $60 billion in equity. They wouldn't need outside financing for $90 million.

[getagrip_already]

30. No money actually put up yet - just a promise

It's a surety bond. A promise to pay if stinky doesn't.

So even though they easily can pay, they don't have to until the appeal ends against tiny and he doesn't pay her.

[gab13by13]

6. Really?

Putin, Musk, Prince Bone Saw, numerous fascist American oligarchs. Look who paid his last bond.

Today it can be argued that America is an oligarchy.

[brush]

9. Yeah, and the new olicarchs are not the ones we used to think as being the richest Americans.

It's no longer Warren Buffet and Bill Gates, it's Musk and the Amazon guy Bezos...not exactly guys looking to do/produce good things for society.

[Mr.WeRP]

16. Agree. Trump will post this bond as well

He will get backing by wealthy enemies of the US.

[TwilightZone]

28. "Look who paid his last bond"

His last bond was sponsored by Chubb. They're an insurance company, one of the world's largest, HQ'd in Switzerland. Last time anyone checked, Switzerland isn't an enemy.

They have $200 billion in assets and $60 billion in equity. They wouldn't need outside financing for $90 million.

[JI7]

8. The payback is based on the assumption he will be president in less than a year

[brush]

13. That's the gamble a potential sponsor of such a surety bond is ponderinng...

whether it's worth it.

Totally without hyperbole, this upcoming election is the most critical one since Lincoln won in 1860 just before the Civil War broke out because if trump wins the WH again the sponsor/s will own the president of the United States...and all that entails.

[ProfessorGAC]

37. Huh?

How do they get $100 million of benefit when they're a Swiss company?
I think it's simpler to think that the bond is leveraged against ownership share of real property.
Chubb is in the business of making money from other people's money.
They're not in the business of gambling. It's far more scientific.
Betting a hundred million they never get back if he loses in November is not in their business strategy. It wouldn't be in anybody's business plan.
The simplest explanation, to me, is they plan to collect a fee & interest as yield. Strictly business.

[bucolic_frolic]

10. $1,480,800 PER DAY

Most of us worried about the price of coffee or bananas

[lark]

11. TSF won't pay this. It will be Putin, MBS, or one of the autocrats who want to use tsf for theier own gain.

They know he will give them anything and everything they ask if they just pay up first.

[LaMouffette]

18. They will pay, UNLESS they realize that Trump is now a bad investment as he will likely lose in November. Putin, MBS,

and Musk may be evil, but they're not stupid. I think they will find another up-and-coming corrupt Republican with less baggage and more appeal to start investing in.

[lark]

21. We'll see.

So far it looks like Putin is still helping him (with the $91 million) but will he put up the half a billion or will he finally realize tsf won't help him because he won't win? We'll see if tsf gets the half a billion bond, you know for sure America is in super deep trouble.

[Hermit-The-Prog]

12. A counter...

https://trumpdebtcounter.com/

Don't know if it's accurate, but it's there.

[ecstatic]

14. Perfect! NT

[brush]

15. Thanks. It's right there ticking away.

[Wednesdays]

29. It appears to be counting up by $1.43 per second

A lot lower than Conway's estimate.

[Jarqui]

17. That is not correct if

86,400 by 17 by 365 days =$536,112,000 /yr interest on roughly that amount owed - can't be right

$454 for fraud plus $83M defamation = $537M

But he paid $91M bond to cover the interest on $83M defamation during appeal.

He'll have to do the same for the bond to cover $454M plus 9.x% interest is $497M

In total, nearly $588M in bonds covers his appeal plus interest during the appeals process for both cases.
Of that, $51M is interest during the appeal.

[brush]

19. Thanks for doing the calculation. The interest doesn't stop accumulating until...

appeals are over and the money is forked over though, right?

That could take a while as trump propably hopes his pet SCOTUS justices will hear it he loses the first appeal, which means many months.

[Jarqui]

23. If it drags out, there will probably be a court order to top it up.

But they tend to get a year plus up front.

[Botany]

20. And besides E. Jean C.'s 80 million and the NY State's 300 million $ + penalties several ...

…. Capitol Police Officers* and I think some D.C. cops as well are suing “the Donald” for
1/6/21 too. Putin or MBS or ? at some point will no longer post his bonds and the RNC
and or mouth breathing MAGAs aren’t going to have any more money either.

Just the case of the officer who was attacked by the mob and was bear repellent sprayed
and then died will be $100 million + in civil penalties and that doesn’t count lawyers* fees
and court costs.

*. And he will have to pay the other side’s legal fees too.

I look for him to flee at some point from both the civil and criminal charges.

[brush]

22. That would be nice. The stress on his deteriorating brain must be tremendous.

what with all the court cases and back and forth to court, trying to campaign, Melania hating his ass and not letting him get in that car with her, and you know she's not letting him in her bed.

And the time it takes to do that hair everyday, and put on the diaper. He's got to be about to blow.

Here's hoping he strokes out before he has a chance to flee.

[Botany]

25. The mother fucker is in large responsible for the 14 million dead from C-19 worldwide

Real #s. 8 million diagnosed cases that died, another 5 million or so who died of it but
we’re not diagnosed with the disease, and at least a million who died from other factors
but didn’t get the needed medical care because the doctors and what not were tied up
with COVID cases.

Trump was well aware of C-19 in 2019 because that was when and Kush-turd invested
in hydroxchloroquine and their own covid testing method neither which worked.

[planetc]

26. Exactly, especially ...

"I look for him to flee at some point from both the civil and criminal charges."

This is the one issue the media have neglected to discuss: just how much of a flight risk he is. Not only have all the chickens come home to roost, but they're very large chickens too.

[3825-87867]

24. Let's see...

600 million = Trump owed U.S.
100 Boxes = Bathroom, Bedminster, Casket storage - MBS, Vlad, et al TY Very Much

Pretty much even up, eh?

[LetMyPeopleVote]

31. Conway made a mistake in his math. It is only $1.55 per second

Link to tweet

I made a mistake here. I just double-checked the calculation and it’s $1.55 per second. I’m going to show my work here so that others can see and check it.

The portion of the judgment against Trump personally in the
@NewYorkStateAG
action is $243,326,767.10 + $147,249,741.98 + $63,589,273.97, which adds up to $454,156,783.05.

The two
@ejeancarroll
judgments are for $5,000,000 and $83,300,000, for a total of $88,300,000.

Accordingly, the three judgments total $542,456,783.05.

Regardless of whether he posts bonds on these judgments, statutory post-judgment interest of 9% per annum (simple interest, not compounded) accrues until the judgments are paid. That’s $542,456,783.05 x 0.09, or $48,821,110.47 a year.

Divide that by 365, and you get $133,756.47 per day.

Divide that amount by 24 and you get $5,573.19 every hour.

Divide that by 60 and you have $92.89 a minute.

Finally, divide again by 60 and the result is $1.55 a second.

Apologies for the mistake; I should have been more careful before blurting a number out on TV. Thank God I am not an accountant.

[Javaman]

32. the orange asshole is obcessingly compulsively stupid. nt

[Chainfire]

33. As far as Trump is concerned, they can charge it to the dust and let the rain settle it.

The man has never had to face serious consequences for his crimes, he doesn't believe that it will start now, so late in the game.

[brush]

34. He's gonna learn. AG Tish James is not playing. She will seize his assets if necessary.

[Chainfire]

38. I would really love to believe that you are correct, but I will only believe it when I see it.

I ain't seen nothing yet.

[brush]

39. The trial has already happened and judgement has already been handed down.

Last edited Thu Mar 14, 2024, 07:50 PM - Edit history (1)

It's not like the four other trials that haven't happened yet. Even if trump somehow wins the election, he can't nullify the ruling that NY AG James won as it's a state, not federal ruling.

The only way trump can nullify it is to install a fascit dictatorship, which he wants to, but it ain't happening.

[Ping Tung]

35. When is Donnie going to market Melania's undies to the MAGAs to pay his fines and lawyers?

Autographed products will charged extra but 2 for 1 sales will be available after imprisonment.

[rubbersole]

36. All tsf has to do is call the my pillow guy.

After all, he has proof of everything. Should have the money in his couch cushions.

[Jakes Progress]

40. mbs paid 2 billion for a president's son in law.

He'll gladly front a billion for a president. Not elected, but it's a gamble he'll readily take.

[brush]

41. Let's see what happens. My guess is trump has already hit him up.

[niyad]

42. Happy 16th DUnniversary!