This is rich coming from Peter Baker, the principle person at the New York Times, with the possible exception of Maggie Haberman, to capitalize on trading normalizing, humanizing, coverage of Trump for access.
Thank you for posting this. People are rightfully discussing Biden's jokes, but it is these serious remarks, directed straight at the press concerning their responsibility in preserving democracy, that are actually most noteworthy.
Really simple thead about Trump's Truth Social (DJT) stock. Don't get too worried about the fact that he will ON PAPER have another billion dollars tomorrow. It's just "monopoly money."
Back to basics. Stocks are shares in a company. They are sold in a market, the stock market ie. NASDAQ. For any transaction there has to be a seller and a buyer. Right now there are very few shares of DJT that are tradeable because Trump and other "founders" can't trade them yet.
Tomorrow Trump's $175M bond may be ruled null and void.
Just a quick reminder that Trump is facing two tough court reckonings tomorrow. Everyone will be following the opening statements in his NY election fraud trial, but nearby his lawyers will be meeting with NY prosecutors and Judge Engoron to rule on the validity of his 'fishy' $175M bond for his business fraud conviction. If the bond is deemed invalid, asset seizure to cover the $450M+ judgement may commence.
"The financial statement that is missing does not seem to be Trump's. Rather, the court appears to be demanding these documents from Knight Specialty Insurance Co. to ensure that the company is sufficiently capitalized and authorized to post the bond," Rubin wrote on Wednesday."
It may be that the bond company didn't report their financials because they have insufficient collateral to secure a bond of this magnitude. In which case the bond is no good, Trump doesn't have a bond, and he is out of time.
"...you always have to have a certificate from the Department of Financial Services saying that you're licensed to issue a surety bond," he said, referring to the missing certificate of solvency under Section 1111 of New York Insurance Law."
Adam Pollock, a former assistant attorney general in New York, said, "This bond is deficient for a number of reasons... Including that the company doesn't appear to be licensed in New York and doesn't appear to have enough capital to make this undertaking."
"But the surety bond was missing vital information typically included in those filings, experts say. These standard elements include documents related to power of attorney for the bond provider, Knight Specialty Insurance Company, a financial statement from the company and a certificate of solvency from the Department of Financial Services."
So, this is not over yet. The Trump/Knight bond saga continues...
UPI reports that a modified bond filing has been added:
"Trump's initial bond, posted on Tuesday, was rejected and returned for correction, as reflected by the New York County Supreme Court's website, due to a missing financial statement and other documentation. These missing documents have been added in a new filing."
In a new legal filing, James "takes exception to the sufficiency of the surety to the undertaking given by Defendants" and the bond issued by Knight Specialty Insurance Company (KSIC) "without a certificate of qualification pursuant to Insurance Law."
"James wants to know if Knight can pay the $175 million bond."
"The financial statement comes from Knight Specialty Insurance Company, the underwriter for the bond. It is signed by Don Hankey, the billionaire chairman and CEO of Hankey Group, and Amit Shah, president of Knight Specialty Insurance. The statement assures that the company can cover the $175 million bond."
However! There is more... see next reply in thread!
Makes sense. Election denial is a prerequisite for becoming a soldier in the war on democracy.
On the surface we might think, of course that's what an insurrectionist's party apparatus would demand, but think about the implications of a national political party requiring the denial of facts, truth and verifiable reality and where this will inevitably lead.
We are living through a war on democracy. NBC hiring insurrectionists, shady stock schemes to enrich a presidential candidate, plans to deploy 'soldiers' to the polls, suspect judicial rulings. Everyday we are reminded that the insurrection is not over. Billionaires and their GOP operatives are conducting an active slow motion coup. This year will determine if the people or billionaire oligarchs rule this country in the future.
In the last couple days we have seen two excellent examples of the use of semantics to obscure meaning and generate deniability.
The "bloodbath" comments were not taken "out of context", and the generally accepted definition of rape certainly includes forcing his fingers inside a woman, aka digital penetration. When media repeats these misleading claims without clearly debunking them as false distinctions, and does not call him out for his deceptions, they assist his disinformation tactics.
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