“Yes, I look at 40 Wall Street each and every day.”
Amazingly, Attorney General Letitia James feels zero qualms about her obvious fantasies of taking over Trump Tower, an iconic landmark in New York City.
Indeed, her fantasies have extended to the mainstream media, where the cackling DEI commentators on “The View,” most recently known for attacking Princess Kate amid her cancer diagnosis, have also gleefully envisioned Trump Tower in chains.
Especially if it were repurposed for illegal migrants, given the currently unstable state of migrants moving to New York City to reap taxpayer-funded benefits.
Alas, Democrats were so busy gleefully focusing on the $464M that they’d allegedly collect from Trump, in part through his properties, that they didn’t think through the actual process of doing so.
Commercial bankruptcy lawyer Leo Jacobs highlighted the varied ways in which the Democrats are a little off in thinking that they’re going to receive a massive windfall from weaponizing the courts against Trump.
“It’s 1,000 percent complicated, and the reason it is 1,000 percent complicated is there are creditors and equity holders that are ahead of Letitia James …
Imagine 40 Wall Street is worth $250 million, and there’s $200 million collateralized against it. After transfer taxes and fees, she will be left with $1 million. Is it worth it to enforce the judgment? The answer is no, it’s not,” Jacobs remarked flatly, spelling out all those inconvenient facts that Dems claim to respect.
Brad Eric Scheler, senior counsel at Fried, Frank, Harris, Shriver & Jacobson, also added on to Jacobs’s assertions, noting that collecting on judgments is generally quite difficult.
“People are really, really good at litigating and getting to the point of a judgment … But they never focus on the fact that collecting on a judgment is very hard,” Scheler noted.
Well, to be fair, “focus” is hardly the Dems’ strong suit anyway.
Fits of rage and desperation, however, are … and those are likely to be on full display following the sensible decision of a New York appellate court.
Specifically, the court ruled that Trump would be required to post bail of $175M, rather than $464M.
And, just like that, all the Dems’ dreams of seizing Trump’s properties through “legal” means have gone up in smoke.
Trump attorney Christopher Kise informed ABC News that the court’s decision was clearly ground in rationality, rather than the hysterics that have come to govern the Dems.
“[The court] no doubt recognized the rule of law must triumph over the political agenda of the Attorney General. President Trump looks forward to a full and fair appellate process which overturns the judgment and ends the Attorney General’s abuse of power and tyrannical pursuit of the front running candidate for President of the United States,” Kise remarked coolly.
Indeed.
And it seems that Ms. Letitia has yet to get the memo on abuse of power, given the moronic statement issued nearly immediately by her spokesperson.
“The $464 million judgment – plus interest – against Donald Trump and the other defendants still stands,” the spokesperson declared in the wake of the appellate court ruling.
Is that so?
Trump’s legal team will see about that.
Author: Ofelia Thornton
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