Radio host Hugh Hewitt dissects former President Trump's civil fraud case and argues an appeals court must stop the 'charade' for New York's sake.
It does not seem possible that there is no legal recourse for former President Trump to challenge the requirement that he either pay the full amount of the $464 million fine assessed against him immediately or post a prohibitively expensive and apparently impossible-to-obtain bond to satisfy a civil fraud judgment pending appeal.
The reason should be obvious: Banks that lend to developers do their own due diligence. They have underwriters who scrutinize loans. They are not in the business of losing money by lending money based on wildly inflated claims of the value of collateral. If they end up defrauded, they do indeed sue for damages. Thus, this case with no private sector plaintiff seemed absurd from the start given that lack of an actual injured party stepping forward.
cannot find anyone who will write persuasively in defense of this unprecedented verdict and onerous procedure. It is effectively a 'taking' of a large part of Trump’s real estate empire, and it comes as he is the presumptive nominee of the Republicans to run against a very weak incumbent in President Joe Biden.
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