Morning Glory: Due process for you but not for Trump?

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It does not seem possible that there is no legal recourse for former President Trump to challenge the requirement that he either pay the full amount of the $464 million fine assessed against him immediately or post a prohibitively expensive and apparently impossible-to-obtain bond to satisfy a civil fraud judgment pending appeal.

That judgment was entered against him by New York trial court Justice Arthur Engoron, who also ordered Trump to pay pre-judgment interest as well as a 9% post-judgment interest rate in the case of civil fraud brought against Trump by the Attorney General of the State of New York, Leticia James.

Engoron is a Democrat. James is a Democrat. Engoron found — even before the trial began — that the former president had consistently committed fraud by inflating the value of his assets by billions of dollars. No jury was involved in this case. It ought to be titled Engoron and James v. Trump. It is a joke of a "case" but no serious person should be laughing.

I represented landowners and developers for decades before retiring a half dozen years ago from active practice. In 30 years of doing so on behalf of some of the country’s largest developers, I never encountered or even heard of such a case.

PLEADING THE EIGHTH? EX-FEDERAL PROSECUTOR SAYS DON'T 'COUNT TRUMP OUT YET' DESPITE MASSIVE FINE

The reason should be obvious: Banks that lend to developers do their own due diligence. They have underwriters who scrutinize loans. They are not in the business of losing money by lending money based on wildly inflated claims of the value of collateral. If they end up defrauded, they do indeed sue for damages.

Thus, this case with no private sector plaintiff seemed absurd from