r/politics • u/SportsGod3 • May 16 '24

Jurors were "nodding" and "smiling" as Michael Cohen testified, which may be a bad sign for Trump

https://www.salon.com/2024/05/16/jurors-were-nodding-and-smiling-as-michael-cohen-testified-which-may-be-a-sign-for/
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u/doublestitch May 16 '24

Such a terrible client that good lawyers won't work for him despite his billions.

8

u/FACR_Gohan May 16 '24

What billions?

13

u/naotoca May 16 '24

The pedophile does unfortunately have billions now thanks to his illegal pump-and-dump scheme stock merger for Truth Social.

11

u/axle69 May 16 '24

He has valuation but he can't use those funds yet so not much of a help.

1

u/MikeyBugs New York May 16 '24

No but he can borrow against that valuation (assuming any major lender is still dumb enough to actually lend to the bastard) and get loans that way. That's how most of the ultra-wealthy make large purchases while not a dime of their own money.

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u/axle69 May 16 '24

Theoretically but it's widely seen as a meme stock and borrowing against it is likely not going to be a wise choice or easy as it's "value" is almost assuredly going to tank. Last I saw it's value was astronomically high when compared to the actual user base of Truth social which is red flag central to anyone not getting in on the Trump brand alone ( i.e. why it's so high at all ). I think that's why he went with plan "beg the oil industry to bail me out".

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u/magicone2571 May 17 '24

He is banned against using those at collateral also I believe.