THE BEGINNING OF THE END.
Donald Trump is toast. He owes more than half a billion dollars in court judgements and he doesn’t have the money. He cannot expunge these debts through bankruptcy and he has to start paying E Jean Carrol before the end of February.
How much does he have? Investigative journos are beavering away and seem to be settling around one billion as an interim estimate. It is unknown at this stage how much equity he has in his real estate. My guess is that the property is mortgaged to the hilt.
Narcissism insulates its sufferers from reality, but reality is about to bite him in the bum. He cannot raise a bond needed before he can appeal. He asked the court for a stay of execution but Judge Engoron denied that in a two sentence memo.
Letitia James and the lawyers of E Jean Carrol will now start the process of seizing assets assuming Trump does not find the cash from somewhere. Will anyone be stupid enough to lend it to him? I doubt it. The Republican party cannot raise it.
The man who tried to persuade Forbes that he was worth 6 billion dollars is a busted flush.
Bye bye Donald.