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Episode 738: Trump's Billion Dollar Week; Giuliani's Podcast Studio in Jeopardy?
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This week on Ring of Fire!
According to recent financial filings, Donald Trump's Truth Social - which was just merged with Digital World Acquisition when they acquired the Trump Media and Technology Group - lost WAY more money last year than previously thought. Previous estimates assumed the company lost about $30 million, but the real amount was actually a loss of more than $50 million last year. So how can a completely worthless company that is hemorrhaging money be worth $8 billion in the stock market?
The group of creditors that are trying to get their money from the now-bankrupt Rudy Giuliani have been asking a judge to look into Giuliani's multi-million dollar condo in Florida and possibly sell it to settle his debts. But Giuliani is now trying to convince the judge overseeing the bankruptcy to leave the condo alone because, as Giuliani told him, he needs it to continue his podcasting. That's not a valid reason to avoid paying your debts.
Eleven Republican-controlled states have filed a federal lawsuit against the Biden administration over the latest attempts to cancel student loan debt for certain borrowers. The states claim that President Biden doesn't have the authority to do this, but what they are really trying to prevent is a political win for the Biden administration. Cancelling the debt hurts no one, so the states have had to come up with an absurd legal argument to claim that they have been damaged.
Donald Trump's first criminal trial is starting in just under two weeks, and he is running out of options to delay it. But, there could be a chance for him to buy some more time, but only if he goes scorched earth on his own legal team. A former prosecutor has pointed out that his only chance of getting a significant delay would be to fire his entire team of lawyers, which would give him the ability to argue that his new team needs time to prepare and learn the case.
All that, and much more, on this week's Ring of Fire Podcast!
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