Dunking Fat Clowns

How much would you pay to dunk a fat clown? Maybe it’s something Donald Trump should try over the weekend since his deadline to raise a $464 million bond is Monday.

Trump has been denied bond by 30 insurance companies. If he doesn’t have the bond by Monday, state Attorney General Letitia James may start seizing Trump’s properties, such as 40 Wall Street and Trump Tower. In a fundraising pitch for his campaign, which is also struggling financially, Trump wrote, “Insane radical Democrat AG Letitia James wants to SEIZE my properties in New York. THIS INCLUDES THE ICONIC TRUMP TOWER!”

Republican talking points claimed President Biden was angry during his State of the Union address, but he doesn’t tweet in all caps.

James can’t seize all of Trump Tower because Donald Trump only owns a portion of it. He owns the commercial and retail portions along with the 10,000 square foot three-story penthouse, that he claimed was 33,000 square feet. Fun fact: A super PAC is one of the tenants paying Trump nearly $40,000 a month. The PAC also pays $3,000 a month to rent a kiosk in a section of the building that’s closed. Giving money to PACS that support Trump is just giving money to Trump.

Other properties in the city that Trump only owns a portion of are Trump International Hotel/Central Park West (bathroom, lobby, valet section, etc), 40 Wall Street (he owns the ground lease), 1290 Avenue of the Americas (he owns 30 percent), Trump Park Avenue (he owns a few units, and offered one to Ivanka for $8 million that he valued at $25 million), “Niketown” on 57th Street (ground lease), Trump Parc (where he only owns a few units, and previously sold units to Eric below market price), Trump Plaza on 61st Street (two units), Trump World Tower across the street from the United Nations (Trump doesn’t own it at all but manages the property), and a few other properties bearing his name through contractual reasons or that the Trump Org manages.

Not only can’t James seize the entirety of these properties but Trump also can’t get a bond for their entire values. You can’t use property you don’t own as collateral.

Trump and his goons are also arguing that the fine is a violation of the the Eighth Amendment, which is the Constitution Trump wants terminated. SCOTUS has ruled in the past on this and wrote in 1977 that judgments “should be based on objective factors, rather than the subjective views of individual justices.” Are the fines levied by Judge Arthur Engoron objective or subjective? They appear to be objective when you look at how much Trump over-inflated the values of his properties.

Anonymous sources from inside Trump World say Trump is “frustrated” and in panic mode. That means no bottles of ketchup are safe over the weekend from the fat clown down at Mar-a-Lago.

Monday is going to be very interesting.

Music note: I listened to a mix of songs from 1998.

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