Judge approves Trump's $91.6 million bond in E. Jean Carroll defamation case

[BumRushDaShow]

Source: ABC News

March 12, 2024, 6:21 PM


Judge Lewis Kaplan has approved Donald Trump's $91,630,000 bond in the defamation case brought by columnist E. Jean Carroll, according to an order filed Tuesday afternoon.

"Enforcement of the Judgment, to the extent that the Judgment awards damages, is STAYED pending the final disposition of the appeal by the United States Court of Appeals for the Second Circuit," the order said.

The order stayed the execution of the judgment in the case while Trump appeals. If Trump's appeal is unsuccessful, the bond ensures Carroll will be paid.

The former president had obtained an appeals bond from the Virginia-based Federal Insurance Company totaling $91,630,000 to cover the $83 million judgment in the case plus interest, according to a court filing on Friday. The conditions of the bond did not specify what assets Trump used to secure the bond.

Read more: https://abcnews.go.com/US/judge-approves-trumps-bond-e-jean-carroll-defamation-case/story?id=108062778

[Maeve]

1. I remember back in the 1970's my dad told me a person could live well just on the interest of a million dollars

He was on a school board and they were putting up a new building, so he was familiar with the banking. Interest alone was more than he ever made in a good year in insurance...and now we toss around multi-million figures as if they mean something....

I hope Carroll gets to enjoy spending the rapist's money! And the sooner, the better

[sybylla]

3. Yeah, that was back when you got 5% on your regular savings account.

A million dollars probably received a much higher interest rate - especially a large entity like a school who could be counted upon to balance a banks other activities in a time when they needed a specific amount of assets in order to make loans.

Heck, in the early 80s, the Savings and Loan I worked at had customers with a couple of hundred grand making more than I made monthly. Those funds were at pretty high rates, though - something around 14-15%.

Reagan and the GOP deregulated banks and we lost the 5% on our savings. Only way to earn money now is riskier stock market. After Dobbs and the market rally that followed, I moved all my retirement investments to a CD that's paying less than I earned on my plain savings in the 90s. Still, fuck a stock market that rallies on people losing freedoms.

[bluestarone]

2. So, am i right saying that

Two appeals left. Then E.J. Carroll gets the money?

[TomCADem]

4. Surprised the bond is not denominated in Rubles.

With Trump going all in on saying that he would withdraw support from Ukraine and NATO, we can expect Russian sock puppets to be working overtime to get Trump elected.