this post was submitted on 08 Apr 2024
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"But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won't automatically get out from underneath its own proffered surety."

Hankey, a billionaire, has already said that his company will be able to post the money for Trump.

He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million.

"Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won't have a stay [on enforcement]," he wrote.

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[–] Atelopus-zeteki@kbin.run 89 points 1 year ago (2 children)

LoL, no surety, no bond, and now #45 has hooked another criminal (Hankey) into his operation. Go for it, pull them all down.

[–] AbidanYre@lemmy.world 53 points 1 year ago (1 children)

Is he finally draining the swamp?

[–] ATDA@lemmy.world 17 points 1 year ago

They're all clinging to each other trying not to fall off a cliff of their own making... Loving it.

[–] reverendsteveii@lemm.ee 84 points 1 year ago (4 children)

yet another post where the title says "Trump To Actually Be Held Responsible For Crimes Committed On Live TV" and the article is just people who ahve nothing to do with either Trump or the law guessing that someone could possibly do something with no idea as to whether anyone will actually do anything. It's raw speculation and it degrades the platform, but anything that says "Trump Good" or "Trump Bad" will of course get a million upvotes.

Feels like I'm back on fucking Reddit.

[–] Semi_Hemi_Demigod@lemmy.world 14 points 1 year ago

I don't blame the community, I blame the media. The media needs to generate views to sell eyeballs. They need to keep you clicking and watching by saying that the resolution is just around the corner. If they waited to report on things that actually happened nobody would care.

[–] aesthelete@lemmy.world 11 points 1 year ago* (last edited 1 year ago)

Feels like I’m back on fucking Reddit.

DISCLAIMER: This is a complete tangent from comments on the original post, but the original post is likely garbage anyway so I'll just go with it.

I don't know why people think that creating a copy-cat version of Reddit with "federation" will do much of anything to solve the problems with online "communities".

The problem with Reddit may have been partially the for-profit corporate part, or the admins, etc but it was definitely not exclusively those things.

Every single online "community" that has popped up since Web 2.0 has versions of the exact same problems. Maybe they're difficult to solve inherently, but I am not sure because it seems like everyone just creates the same site structure and I think at least some of it has to do with the structure.

Is there anyone trying to not make the next Twitter, Facebook, Instagram, TikTok, or Reddit? Someone that's trying to actually make something different? Like something useful or with a fundamentally better moderation model? Because if so maybe I should waste my time on that instead of these copycat platforms.

It's not just "they're bots" or "they're Russians" either...because Nextdoor has a pretty stringent verification policy, is based around localities, and it's still essentially Facebook for NIMBYs.

[–] Lon3star@lemmy.world 8 points 1 year ago

That article was quite the incoherent circlejerk

[–] DougHolland@lemmy.world 8 points 1 year ago (1 children)

Welcome to the new Newsweek. It's shit so consistently, I no longer click.

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[–] Buelldozer@lemmy.today 59 points 1 year ago (2 children)

Screw Trump but this whole article is nothing more than conjecture from two dudes on twitter. When the hell did stuff like this become news?

[–] Corkyskog@sh.itjust.works 13 points 1 year ago (1 children)

When we stopped funding news

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[–] snooggums@midwest.social 49 points 1 year ago

Trump posted a $175 million bond on April 1 in order to prevent the seizure

April Fools!

[–] mozz@mbin.grits.dev 32 points 1 year ago

Looks like there is a real possibility that

The headline would have been a lot more honest if it had included that part

[–] Pretzilla@lemmy.world 22 points 1 year ago (1 children)

IIRC the judge is giving shithead another 10 days to re-secure the $175M bond so James is no doubt warming up the seizure engines

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[–] magnetosphere@fedia.io 18 points 1 year ago

Seizing properties? Yeah, right. I’ll believe it once it’s already happened.

[–] Gork@lemm.ee 14 points 1 year ago* (last edited 1 year ago) (1 children)

Surely Hankey isn't offering up $175 million on Trump's behalf out of the goodness of his own heart. This is surely an investment where he can gain privileged access to the Trump administration if he gets into office again, maybe get some lucrative government contracts out of it.

[–] givesomefucks@lemmy.world 13 points 1 year ago

Shit, he offered to put in 475, but while on the call to set it up, trumps lawyers found out they got it lowered to 175, and told Hankey he was no longer needed.

Then had to go back for the 175 because no one legit would even know that.

It's very possible trumps lawyers knew a bond wouldn't work, but knew by the time that was found out, Hankey was on the hook.

It's a lot easier for trump to avoid paying Hankey than the government.

[–] Son_of_dad@lemmy.world 13 points 1 year ago (2 children)

He should have gone to his buddy Vince McMahon who for some reason keeps selling stock and now has like a billion dollars in cash. I'm sure it's Vince's "fly to a non extradition country" fund when the heat gets too much, but he can lend Trump half

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[–] Jaysyn@kbin.social 12 points 1 year ago

I love this for both of them.

Everything Trump touches, dies.

[–] Hello_there@fedia.io 11 points 1 year ago (4 children)

Wtf is that user submitted fairness meter at the bottom? Since when do we rely on trolls to provide any reliable metrics about quality of writing?

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[–] Thorry84@feddit.nl 10 points 1 year ago (1 children)

So this article speculating a lot and discussing a couple of people who were speculating and discussing on Xitter? Wow this is worthless...

[–] givesomefucks@lemmy.world 14 points 1 year ago (2 children)
  1. She was going to seize propert if no bond.

  2. This bond came in at the last second.

  3. A bunch of issues were found with the bond.

  4. A court ruled it's not valid.

  5. For some reason that means they have to pay the bond in cash, and trump has to cover the rest of the original?

[–] mephiska@kbin.run 8 points 1 year ago (1 children)

A court ruled it's not valid.

Has this happened yet? all I've seen so far is the court asked the insurance co for more information, but no outright ruling on the validity.

[–] givesomefucks@lemmy.world 10 points 1 year ago* (last edited 1 year ago) (1 children)

A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4.

It's my understanding that new paperwork didn't help anything.

Like, one of the issues was they weren't even licensed in NY, I don't know how paperwork could retroactively make it legal.

But while they can't promise to pay it under bond, they did sign something saying they were good for 175 million. And they don't have it.

So trump failed to post bond, and now they can seize property.

I think

Shits confusing and trump just says anything to delay this stuff. But I think if Knight doesn't cut a check for cash, they seize property up to what they couldn't out of the 175 million. Or maybe somehow the whole amount because he couldn't get the bond.

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