Trump Trials in NYC today

posted 218 days ago by WHOSkiddingWhO 218 days ago by WHOSkiddingWhO +20 / -0

Big day for Trump in NYC city today.
**
Criminal Trial**

Opening arguments, first witness I think today and tomorrow trial ends by 2PM.

Judge is issuing "Sandoval ruling" indicating what prosecutors can question Trump on if he testifies.

Bond Hearing

Leticia James has questioned if Knight Specialty Insurance Company can put the bond in NY Fraud case. They are also in court today. I think this is a risk to Trump.
I think there's a nonzero chance they will say this company cannot put up a bond. If that is the case, Trump will have 7 days to find a new bond. In short, by the end of today, it's possible his assets are not protected.

BIG NEWS They have reached an agreement on one of the big issues in the bond hearing. Trump will make changes to the collateral agreement. This might be enough to settle everything. See comments below.

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– WHOSkiddingWhO [S] 3 points 218 days ago +3 / -0

Rachel Scharf @rscharf_ 13m

Kise tells Engoron that even if the bond falls thru (which won't), there's a sold backup for collecting on the judgment:

“There's hundreds of millions of dollars worth of real estate that the defendants own right here in the city that could be seized with the stroke of your pen"

AG lawyer Andrew Amer is up. He says the problem with the Schwab collateral is that "while the funds are cash today, under the terms of the pledge agreement and control agreement they can be swapped out for less secure collateral like mutual funds."