Tuesday, April 02, 2024

TWIT: Mathew 7, 24

Update: New York's Attorney General has questioned the legal sufficiency of the surety that put up the $175 million bond in the NY civil fraud case. A notice to the court stated that Knight Specialty Insurance Company does not have a "certificate of qualification" from New York, and has insufficient capital to secure the bond. The AG has given the defendant ten days to "justify" the surety. In a filing Knight said it only has $139 million in capital surplus (filed balance statement). The bond posted is far in excess of  ten percent of capital surplus imposed by NY state. If the surety is not justified to the AG's satisfaction, New York will be free to begin executing on Trump's assets, unless he finds yet another idiot to back him on appeal.  There will be a hearing before Judge Engoron later this month.
credit: P. Molina
Then if any man shall say unto you, Lo, here is Christ, or there; believe it not. [24] For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect. [25] Behold, I have told you before.

Only one presidential candidate has been charged with dozens of felony crimes ranging from fraud to obstruction, espionage and, at the same time, claims to be the "chosen one". His conduct is so hypocritically lawless that he need not be named.  Watching him tell a media person that "law and order" must be a foremost issue in the election is sickening.  More than that, it is an indictment of our degraded political system.

Judge Juan Merchan expanded his gag order to include family members after Big Don started in on his daughter who works for a public relations firm that has Democratic clients.  This unacceptable behavior is an intentional strategy to disrupt and discredit the judicial proceeding ascertaining his guilt.  He used the same strategy in Georgia by attacking the prosecutor for having an affair with her employee.  Neither gambit will work.  In Ft. Pierce, FL however, he has the assistance of a federal judge in his pocket, who will keep the federal trial on espionage and obstruction from occurring before the election.

As predicted, the 'King of Debt' managed to find a surety for the reduced bond in the NY civil fraud case. He is a billionare supporter, Don Hankey, who owns Knight Specialty Insurance, and is thought to be the largest shareholder in Axos Bank.  Henley is known as the "king of the subprime" auto loan, so he made his fortune lending money to bad credit risks at high interest.  Axos refinanced loans secured by Trump Tower and Doral National Golf Course. It loaned him $100 for Trump Tower and $125 million for Doral; both are not due until 2032.  In for a penny, in for a pound.  Shares in Trump Media Company fell by 15% after the street got a look at its 2023 financial statements filed with the SEC.  According to those statements, the company lost $58 million on revenues of just $4 million!  One observer called the company, "a money incinerator" in which investors will regret taking a stake. His shares are now only worth $4.25 billion.  This false Messiah is one hell of a businessman!

That his MAGA supporters are essentially deluded children seeking attention:

Beware of false prophets who come to you in sheep’s clothing, but inwardly are ravenous wolves--Mathew 7:15