PBP: P01135809 Trump Espionage, Coup, Conspiracy, Racketeering, Fraud & Obstruction Trial Thread

Discussion in 'Politics & Current Events' started by The Jitty Slitter, Jun 10, 2023.

?

What will be the outcome?

  1. Guilty

  2. Not guilty

  3. Pardons himself

  4. Goes into exile in Snowden's flat

  5. Some other fascism

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  1. song219

    song219 BigSoccer Supporter

    Apr 5, 2004
    La Norte
    Club:
    DC United
    Nat'l Team:
    Vanuatu
    #5926 song219, Feb 28, 2024
    Last edited: Feb 29, 2024
    If I remember correctly though his troubles with his casinos occured in the 90's when there was much less competition. His problem was that he overpaid for them so I assume his debt service was too high.
     
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  2. diablodelsol

    diablodelsol Member+

    Jan 10, 2001
    New Jersey
    I might need an answer to my Cristal question sooner than I realized. I do have a Macallan 18 that I’ve been hiding on the back shelf that may have to do some work tonight

     
  3. diablodelsol

    diablodelsol Member+

    Jan 10, 2001
    New Jersey
    I hate you
     
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  4. charlie15

    charlie15 Member+

    Mar 9, 2000
    Bethesda, Md
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    #5929 charlie15, Feb 28, 2024
    Last edited: Feb 28, 2024
    This is simply not good news....More delays at best....This is utter ********ery from the current USSC. I know the current SC majority is hot garbage but this is truly shocking. At this rate, the J6 trial may not happen before elections.

    Supreme Court Will Take Up Case on Trump’s Immunity
    The Supreme Court on Wednesday said it would decide whether Donald Trump is entitled to broad immunity from federal prosecution for conduct alleged to involve official acts that occurred while he was in office, CBS News reports.

    Oral arguments are set for April 22, an expedited timeline.

    “It’s unclear how much of an impact the court’s decision to take up the case will have on the timeline for Trump’s trial, since the justices could rule swiftly after hearing arguments.”
     
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  5. diablodelsol

    diablodelsol Member+

    Jan 10, 2001
    New Jersey
    Well that sucks
     
  6. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    Clarification question: was the casino actually unprofitable as an entity, or was it a case where he dramatically overspent and then the profits didn’t cover the debt service? I thought it was more the latter. IOW it’s less that he couldn’t competently run it (or hire someone to do it for him). His ******** up was a manic, wildly over optimistic bid when he purchased the damn thing.
    A talented guy like Junior will thrive once out from under his dad’s shadow.
     
  7. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    Another theory…the market was or became over saturated after he bought it.
     
  8. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    Page turn adds another voice!
     
  9. Smurfquake

    Smurfquake Moderator
    Staff Member

    Aug 8, 2000
    San Carlos, CA
    Club:
    San Jose Earthquakes
    Nat'l Team:
    United States
    #5934 Smurfquake, Feb 28, 2024
    Last edited: Feb 28, 2024
    The stock deal is the SPAC ("Special Purpose Acquisition Company"), which is a Silicon Valley creation to get around the perceived problems with going public via an IPO ("Initial Public Offering"). I can go into detail on why SPACs suck but the short version is that like many Silicon Valley creations, the dumbasses who created them need to rediscover from first principles why all those regulations exist in the first place.

    Here's a brief article about the current status of the "Digital World Acquisition Corporation" SPAC:

    https://www.axios.com/2024/02/28/donald-trump-financial-rescue-truth-social

    Summary: Digital World is a company created for the purpose of a SPAC. It is currently publicly traded (symbol DWAC). It is intended to purchase the assets of Truth Social (which is privately held) and take it public. Donald Trump owns a large percentage of Truth Social. If the merger is approved, Digital World will purchase Truth Social, the company will rename itself Truth Social, and Truth Social will be a publicly traded stock. Donald Trump gets a significant amount of money, in the form of stock in the company currently trading as DWAC - based on current stock price, the value of his share of Truth Social will be worth 3 to 4 billion dollars.

    The astute observer may have noted several potential issues with this scenario. The first is that the stock price can change and Trump could get less money. The second is that usually, there is a waiting period during which "founders" can't sell their stock after the merger - six months is typical - but that can be waived. The third is that if one of the founders cashes out, the stock price is likely to drop due to supply and demand - people who invested in this thing expecting to make money will find their stock is worth a lot less than before Trump started selling. Which is kind of on point for anyone who invests in anything Trump related - they should expect to be taken for a ride.

    And this kind of leads into the main issue with this scenario, which is that the valuation of this company is completely untethered to reality. Truth Social is shit, it loses money and has no revenue stream. The only thing it has is Trump's name, which should have negative value, but apparently there are still suckers out there to be fleeced. The most likely scenario is that Trump will cash out as soon as he can, the value of the rest of the stock goes to zero, a bunch of investors lose whatever they invested and then there's lawsuits over who didn't do their due diligence and such, while Trump walks away with a bunch of cash.

    As for the relation to the current court cases - it's unlikely that he will be able to sell anything in order to get the half billion or whatever he needs by the deadline that the court has specified. DWAC is having a shareholder meeting on March 22, so that is the earliest date that the merger can be approved. There's still squabbling over who's going to be on the board, so the shareholder meeting may be delayed. In summary, this is not going to solve Trump's current problem, but it may still provide him with a bunch of unearned money in the near future.
     
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  10. Yoshou

    Yoshou Fan of the CCL Champ

    May 12, 2009
    Seattle
    Club:
    Seattle Sounders
    Nat'l Team:
    United States
    I suspect the answer is she wanted to live to fight another day. Keep in mind, her efforts here have been to delay the trial as long as possible in the hope that Trump wins the election and can pardon himself. If she had made this ruling, Smith would have appealed and won with a chance the appeals court would have removed her from the case.
     
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  11. Cascarino's Pizzeria

    Apr 29, 2001
    New Jersey, USA
    Yes but someone said he could be tried in the summer which will make the election even more interesting. No idea how long an insurrection trial will take but have to assume months
     
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  12. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    And I need to add in that as of a couple days ago, the boards have not approved the merger. And there is a legal issue around, you guessed it, fraud.
     
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  13. Deadtigers

    Deadtigers Member+

    Jul 23, 2015
    Independent Republic of the Bronx, NY
    Club:
    Manchester United FC
    Nat'l Team:
    Ghana
    This is it for me. I think you, Charlie, Pizza and Khan have said the same thing. Like why in the name of all that is holy would you engage in this thing. Yoss and Yosh can be legally right and they are but for optics on an uneven playing field, this was poor judgement.
     
  14. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    I just listened to the Lawfare pod specifically about this part of the GA trial, and the things Wade has said about his views on women/relationships makes me wonder why Willis got involved with him in the first place.
     
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  15. rslfanboy

    rslfanboy Member+

    Jul 24, 2007
    Section 26
    I’m guessing she has the upper hand in the relationship?
     
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  16. jmartin1966

    jmartin1966 Member+

    Jun 13, 2004
    Chicago
    It won't. Because the charges were brought so late there wasn't much clock for Trump's lawyers to run out.
     
  17. Cascarino's Pizzeria

    Apr 29, 2001
    New Jersey, USA

    So if a president has bigly immunity, Biden can suspend the Constitution and arrest the Trumpy justices for treason until he figures out WTF is going on.
     
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  18. Cascarino's Pizzeria

    Apr 29, 2001
    New Jersey, USA
    Great work, Merrick. The kind of lame-o who would see his house catching on fire and call the insurance co. before the fire dept

     
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  19. NorcalHockeyhooligan

    Feb 25, 2012
    Club:
    Everton FC
    Nat'l Team:
    United States
    Yeah, but that’s the thing: Repubfascists *know* with absolute certainty that Biden will not do anything unconstitutional/criminal because that’s just not in his nature. So if SCOTUS rules that a President can commit any/all crime while in office, that wouldn’t mean much as it relates to Joe Biden since he doesn’t have a criminal/unconstitutional nature anyway.
     
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  20. Cascarino's Pizzeria

    Apr 29, 2001
    New Jersey, USA
    You're probably right. But if he has immunity the least he could do is sit on the board of Burisma with Hunter just to make some $$
     
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  21. Deadtigers

    Deadtigers Member+

    Jul 23, 2015
    Independent Republic of the Bronx, NY
    Club:
    Manchester United FC
    Nat'l Team:
    Ghana
    Under half a million takes 6-8 weeks depending on collateral. The problem is his financial records which are used as basis for loans are proven false so he would need to put up collateral worth the half million to make it worthwhile and he is afraid of defaulting and losing the building or he doesn't have ownership of any building worth as much. By ownership I mean a percentage large enough to let him make this decision.
     
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  22. Deadtigers

    Deadtigers Member+

    Jul 23, 2015
    Independent Republic of the Bronx, NY
    Club:
    Manchester United FC
    Nat'l Team:
    Ghana
    Mohegan Sun in CT and all the Racinos have made AC not really worth it.
     
  23. Deadtigers

    Deadtigers Member+

    Jul 23, 2015
    Independent Republic of the Bronx, NY
    Club:
    Manchester United FC
    Nat'l Team:
    Ghana
    Thanks, Merrick!!
     
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  24. Quakes05

    Quakes05 Member+

    Oct 1, 2005
    birthplace of MLS
    #5949 Quakes05, Feb 28, 2024
    Last edited: Feb 28, 2024
    Laurence Tribe (speaking on Lawrence O’Donnell tonight) agrees with you, SC has no interest in expedition, he said, their question is too broad, now we have a several month delay “for no reason” no trial is likely to be done by Election Day, “this is a formula for indefinite delay.” SC made things much more complicated. “No reason for SC to have opened that Pandora’s Box except a desire to delay on behalf of Donald Trump and that is obviously not a legitimate reason to proceed the way the court did.”

    And if he gets re-elected before there’s a verdict, the whole case goes away.
     
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  25. Quakes05

    Quakes05 Member+

    Oct 1, 2005
    birthplace of MLS
    Tribe also agrees, “Merrick Garland waited too long to appoint a special counsel” he said.
     
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