1. Something about this photo bothered me, beyond the obvious. At first it was the Exit sign that looks like it's above a window. And old wood look was not Mar-a-Logo gaudy gilded gauche. Then I thought, why is Johnson there? It occupied my mind for a bit and here's my analysis.
2. First, the NY Post today confirmed my guess that they were at Trump's West Palm golf course today, not Mar-a-Lago. The style was all wrong. It's obvious that the Hitler Youth calendar boy didn't go there to play golf so why meet there? Of course that's where Trump was but
3. why did Johnson travel down there just for what was likely a brief meeting rather than a call?
The Pew Research poll has confirmed what many had thought that the @houseGOP decision to join forces with Putin against Ukraine
4. is polling so low to be a definite GOP problem. The @HouseGOp and @SenateGOP can't raise enough money to stay competitive without the Koch and other money machines backing them. The machine funders have proven that they don't want Trump by funding Nikki Haley.
5. They also know that a pro-Kremlin position is not only unpopular but could be an electoral disaster that the GOP funding base may decide is not worth their money to just watch Trump burn it up for Putin. If Ukraine suffers another defeat, and Russia is attacking across
6. a large front, the GOP will be blamed and could face a level of voter anger that the GOP will have difficulty remedying. So why wouldn't a phone call from Johnson who is likely feeling the heat from his shrinking loyal American GOP caucus?
7. And if he needed to meet in person, why the golf course and why not be more forthcoming about it?
I remain convinced Donald Trump gets orders from Putin via cutouts in Florida or perhaps while he's in flight. Putin knows US capabilities but we are not likely the problem.
8. Many non-FVEY @NATO intelligence service may now turn collection efforts on Trump, the MAGA GOP and especially Johnson. Putin would know that. So meeting in Mar-a-Lago that is likely humming with burst-transmitters is not good tradecraft especially
9. when you have an alternative site that may be a bit less buggy. Even if he fire exit is out a window.
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I remain of the view that there is no stay of enforcement of the NYAG judgment other than the cancellation of the corporate registrations that was stayed by the appeals court. If I'm' right, the AG can levy execution on the stock of JGT Operations I LLC. Why would that matter?
Take a guess? 😎
People like Trump can't help being frauds and will almost always begin to transfer assets to avoid the judgment collection. These are know as fraudulent transfers/fraudulent conveyances. Bankruptcy court proceedings can avoid the transfers. I didn't see anything in
1. Trump's problems don't get solved when he files bankruptcy. Because he's been found to be engaged in a long-term fraud and is a defendant in numerous criminal cases, there will be a fast move to appoint a DOJ supervised trustee who will take legal title to his assets
2. and use them to operate if that can be done without jeopardizing the secured creditors' equity positions. If not, the individual assets may be abandoned to the creditors to foreclose or be sold by the trustee often in a fire sale.
3. I don't see Trump coming out of this with much of anything. I understand the way he holds Mar-a-Lago blew the Florida homestead exemption so that monstrosity will likely also be put up for sale. If it's free and clear the trustee will sell it to pay the trustee and the
1. When trying to analyze what the massive judgment against Trump is likely to precipitate, where all the AG needs to do is record it, I look at the secured creditors like Ladder. Their mortgage loans are senior to AG's lien but this is almost certainly an event of default.
2. In bankruptcy the lenders who are being paid current would have to sit tight and wait for the case to move forward towards reorganization but in a receivership/custodianship like the NY AG proceeding the lenders are likely to want to be rid of the troubled
3. assets and the toxic borrower so they may move to foreclose. What I don't know, and is critical to the analysis, is what are the default interest rates for his loans? I've seen default rates that approach 20% and in that world the debtor's debt service becomes unmanageable.
1. If Musk didn't bail Trump out then I think he has to file bankruptcy or all his bank accounts could be frozen on Monday and liens can attach to all his real property. That's an event of default under any mortgage I've seen. Also, he has very bad credit so there may be
2. some control provisions in the loan covenants that would turn over any control he has to the lenders. With what amounts to a state receivership in place the only rational move is to file a bankruptcy petition that would terminate the receivership subject to the state arguing
3. it's within the state's police powers. I have not researched it but would not imagine a bankruptcy court would buy it. It's why bankruptcy professionals steer clear of a receivership because the bankruptcy cuts off the receiver and the receiver's professionals from any source
1. What does an old Bankruptcy lawyer think about when a creep like Trump may be facing a money judgment he can't pay or bond? Easy. "I wonder where will he file his bankruptcy petition?" Second thing is, "I wonder if state law has an automatic stay of judgment enforcement?"
2. Because Trump is a notorious scofflaw, any judgment creditor attorney who sits on the judgment creditor's rights does so at their peril. Federal judgments are now stayed for 30 days under Rule 62 but defers to the state law where the property is held regarding the imposition
3. and enforcement of a judgment lien. With the caveat that I'm not a NY State lawyer nor do I play one on TV, I think this is the relevant NY statute that a quick read seems to say that unless
1. What are the chances that Kash Patel is on the Govt witness list? He's the source of the magic declassification defense. Judge Cannon knows him. They both were involved in a case that just from the docket looks very odd. Likely let a Mexican cartel member walk on less than
2. 30 days time served and his $250k bail posted seemed to just vanish. What are the chances that Patel never mentioned he knew her to Trump before she was nominated? How about when @LeaderMcConnell rushed to confirm her in November 2020 after Trump lost? @DOJNatSec @FBIMiamiFL
3. The defendant skipped after being sought for a MVA in Florida after an earlier unauthorized entry. Docket No 3 calls for "Nebbia" that I understand is a hearing to determine the source of the bail money.