The name is Bond...Junque Bond

In this story, M is not a person, it's MONEY

It’s important to realize in all things Donald Trump that there is no yesterday with him nor is there a tomorrow. He lives perpetually in the present.

If you think for 5 minutes Donald Trump is going to accept criticism for his presidency or at the very least admit responsibility something that happened on his watch, think again. It won’t happen.

And all of his promises are anywhere from a few days away to two weeks out, but it does not really matter — if something has to happen by a specific date, Donald Trump will deal with it on that day…you know, when the date is today.

One would think that some advance planning and effort might go into say posting a $175 million bond, so Donald Trump can appeal a $464 million judgment (with the juice still running) finding him and his business empire to be complete frauds.

Think again. This tale begins a few days ago, when Don Hanky, the “King of Subprime Lending”, and his company, Knight Specialty Insurance, posted the bond for Trump.

Actualy, they tried and failed at what Michael Popok of the Meidas Touch Network termed “Bonds 101”. No financials, no affidavit, no power of attorney, and oh yeah, the attorney for the bonding company did not sign as required. And Donald Trump bought himself another today.

Enter, Letitia James, Attorney General of the State of New York and a villain in the mind of Donald, who looked at the reposted bond and the accompanying financials and filed a motion to have the bond rejected as it does not comport with New York law and its regulations…at all. That bought Donald Trump 10 more days.

Actually, maybe less. The red flags on this “borrow from a guy who finances car loans to people with credit scores under 525” could set off a stampede of bulls. Worse still, Letitia James took the time in the above motion to lasso in Hanky and his company as liable for the money until the bond issue is resolved.

And while Idealists on the Left scream about how compromised this makes Donald Trump (it does) and how it makes him look like he can be bought (true also), a bit of realism.

The bond is likely unfixable. Knight Specialty and an associated company lack the funds to insure a $175 million bond (not enough assets), so Donald Trump will have to scurry to a more conventional bonding company and will have to put a sizable amount of cash in that company’s hands.

And as I wrote earlier, the Barbara Jones problem is about to loom even larger with these bond problems.

Yeah, most people forget that his entire business empire is under the thumb and furred brow of a retired federal judge who happens to be an expert in these sort of problems — i.e., the government needs to watch your books and operation because you are so shady, fraudulent, and unethical.

The motion filed by the NY AG’s office will be heard and argued before Arthur Engoron, who will likely tighten the screws on Donald Trump by giving Barbara Jones more power and authority over Trump’s business empire, before he orders Donald to get another bonding company — quickly.

Donald Trump won’t be there as he will be sitting in another courtroom in Manhattan on felony charges.