The New York case against President Trump is an insult to the rule of law. There was no jury (not that you could find an unbiased jury in New York) and no one was claiming that President Trump’s actions had a negative impact on anyone. But even putting that aside, the idea that the government can simply accuse someone of a crime, find a like-minded judge, and seize someone’s assets is scary.
On Thursday, The Daily Caller noted the following:
Democratic New York Attorney General Letitia James recently took the first step towards seizing former President Donald Trump’s assets, public records show.
James filed judgements against Trump, his sons and the Trump Organization on March 6 with the clerk’s office in Westchester County, where Trump owns a golf resort and private estate called Seven Springs, according to Bloomberg News. Judge Arthur Engoron issued a judgement in February finding that Trump must pay $454 million in James’ lawsuit, which alleged he perpetuated financial fraud by overestimating the value of his assets to obtain loans.
Trump’s legal team wrote in a filing earlier this week that he could not post bond in his appeal, moving to stay the execution of the judgment. Trump has four days to come up with the amount before the March 25 deadline.
“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude…In short, ‘a bond of this size is rarely, if ever, seen,’” Trump’s attorneys wrote.
This is a sad day for America. How many businesses will be leaving New York as a result of this action?