Alright, who’s ready to see #Trump get his just deserts? He fucked up the whole damn world & that’s not an overstatement.
PS #BabySquirrel & I had a lovely weekend. It’s as boy! (He’s developed discernible - stuff)
He is doing quite well! Name: “Ramone” because he’s a sweet little punk rocker.
#Merchan has explained the concept of #ReasonableDoubt, instructed the jurors that statements made by the various attorneys are not to be accepted as fact, & #jurors are listening intently, a reminder that jurors take many cues from judges - as the impartial arbiter & why #Trump's attacks on judges are stupid.
Besides this case, today there's a hearing to determine the sufficiency of Trump’s #civil#fraud#bond for the $454M penalty, & Thurs, #SCOTUS hears arguments on his bs #immunity defense.
"State lawyers said in court filings Friday that the former president and his co-defendants — the Trump Organization and its top executives, including his two eldest sons — failed to prove the surety Trump used to obtain the bond actually has the money to back it."
"It’s 9:12 pm, and Don Hankey’s Knight Specialty Insurance Company has not yet filed court papers to justify their $175 million bond in Trump’s civil fraud case. That filing is due today."
dt is being bought right in front of our eyes and there’s no pushback from #DoJ, major media?
"I sell bonds. I’d ask underwriting to price it at 1%. Contract surety scales down as the bond gets bigger.Don Hankey & Ahmet Shah have no clue wtf they’re doing. They’ve own Knightbrook that’s admitted in CA. Not authorized to do NY bonds. No T listing. I’d ask them to provide 20 examples of bonds they’ve issued, much less paid claims on."
The #Bond is not properly collateralized & this is a borrower who just admitted to a court that no bank on Earth will lend to him, an adjudicated FRAUD.
No one but Knight would post an obligation amount over their T listing. Hankey & Shah are clueless as to what they’re doing. The Bermuda company is a way to take advantage of tax law on captives.
Knight Insurance Co, in Cayman is a 831(b) for Hankey related business.
"[The insurer] is only worth $138 million, which is smaller than the size of the bond, and alleging it is using a “shadow” company in the Cayman Islands to “appear more financially stable than it actually is."
The attorney general also said that Knight relies on risk transfer practices that work to "artificially" bolster its surplus. James also argues that Knight's management is untrustworthy, violating federal law "on multiple occasions over the last several years