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Former president blasts New York Attorney General Letitia James as an ‘insane radical’ in a desperate plea for cash – claiming Democrats are trying to ‘intimidate’ him into abandoning his campaign for the White House
Donald Trump has sent out a panicked fundraising message to his supporters as he begs them to help foot his ballooning legal bills.
The desperate memo, titled “Keep your filthy hands off Trump Tower!”, comes as the Monday deadline to pay his $464m bond in his New York fraud trial judgement ticks ever closer.
“KEEP YOUR FILTHY HANDS OFF TRUMP TOWER!” the text reads, linking to an accompanying memo that states: “Insane radical Democrat AG Letitia Jameswants to SEIZE my properties in New York. THIS INCLUDES THE ICONIC TRUMP TOWER!”
It continues: “Democrats think this will intimidate me. They think that if they take my cash to stifle my campaign, that I’ll give up! Here’s one thing they don’t know: WE WILL NEVER SURRENDER!”
The frantic tone of the plea stands in stark contrast to the statement issued by Trump spokesman Steven Cheung to CNN on Wednesday in which he dismissed the network’s reporting that the presumptive Republican presidential nominee was in “panic mode” over the matter as “pure bulls*** and fake news”.
Any value Trump may have is 100% on paper
While that’s likely true, on paper assets for very rich people equal out to cash whenever they feel like because instead of cashing out paper assets, you just borrow against them.
Unless he’s already borrowed against them, which is seeming more and more likely.
Yeah that’s where the whole house of cards comes crumbling down hopefully.
As long as I’ve known about this guy I think I’ve known that he’s all about being over leveraged. He’s like the poster child for debt. He used to take bigly advantage of debt in his many bankrupcies too.
I have sometimes even thought that maybe he had the Fed lower rates in December 2019 / January 2020 just so he could take out more loans at lower rates.
The Fed isn’t controlled by the US government, and the president doesn’t set interest rates.
Sure, Trump definitely didn’t run a continual pressure campaign to get rate cuts in late 2019 that ultimately resulted in the Fed cutting rates two months from a worldwide economic crisis. They would’ve just done so of their own free accord as an absolutely independent body that aren’t at all indebted to the people who appoint them and keep them in their seats:
https://www.reuters.com/article/idUSKCN1VB1I1/
Fucking /s
Edit: Of course there are conventions of deference and independence, but those are conventions (a.k.a. things that a blowhard, wanton dictator in the office doesn’t actually give half a shit about).