The Supreme Court Is Sowing Confusion over How It Will Handle Election Disputes This Fall

Tuesday, August 27, 2024

The recent US Supreme Court decision changing voter registration rules in Arizona has voting rights advocates anxious about how the justices will approach emergency election appeals in the runup to the November election.

Posted by retort at 06:39 PM | 11 COMMENTS | permalink

Comments

When you become a fascist Court, deciding how to hide that can be challenging.

#1 | Posted by Zed at 2024-08-27 06:54 PM

If it helps trump, it's legal. Better to rip down our democracy than to have trump lose.

Where's the confusion?

#2 | Posted by SpeakSoftly at 2024-08-27 07:28 PM

I have to wonder if any of these Republican so-called Supremes went so far as to invest in Trump's "Truth Social" media company. The executives are starting the Big Bailout NOW.

ttps://www.msn.com/en-us/money/markets/truth-social-exec-dumps-stock-as-price-plummets/ar-A ~ TRUTH SOCIAL EXEC DUMPS STOCK AS PRICE PLUMMETS

#3 | Posted by Twinpac at 2024-08-28 12:47 AM

www.msn.com

Excerpt:

The executives at former president Donald Trump's Truth Social venture are officially starting to cash out of its meme stock.

According to a recent filing with the Securities and Exchange Commission, Trump Media & Technology Group (TMTG) CFO and treasurer Juhan Phillip has already sold a whopping $1.9 million worth of company shares.

CEO Devin Nunes and COO Andrew Northwall joined in as well, selling chunks of their holdings.

Meanwhile, Trump is likely also getting ready to offload his 114 million TMTG shares " roughly 60 percent of the company's outstanding stock " as soon as next month. The six-month lockup period determined by the SEC is set to expire as soon as September 20, clearing the way for Trump to pull out.

(with about $2 Billion, only a fraction of what he was expecting)

#4 | Posted by Twinpac at 2024-08-28 12:57 AM

Trump has to find buyers to sell.

If others with millions to sell get to market first, he could be left with fire-sale options only.

#5 | Posted by Danforth at 2024-08-28 01:00 AM

I was just wondering if Trump had made promises to Alito, Thomas and maybe even Roberts that they would be able to retire as billionaires in exchange for that immunity decision.

The Art of the Deal, so to speak.

I know that they wouldn't be able to own stock in their own name but there are such things as proxies.

#6 | Posted by Twinpac at 2024-08-28 02:01 AM

Danforth @ #5

"Trump has to find buyers to sell."

If Trump sells after his lockup is over on September 20, the stock will crash like a lead balloon and the company will be defunct. Which was probably the plan anyway and why the company executives are bailing out now.

It was a fools game to begin with. Trump isn't going to reap the hundred billion he hoped for but still, $2 Billion ain't chump change for so little work, with the caveat that Lititia James doesn't already have her eye on at least a half billion and he isn't sued up the ying-yang by the investors he stiffed.

#7 | Posted by Twinpac at 2024-08-28 08:56 AM

#7 | Posted by Twinpac

Trump won't get $2 billion. He would be lucky to get a couple hundred million.

If a decent number of shares are put up for the sale, as you said, the price will drop.

There are only about 200 million outstanding shares of the company. With Trump owning 120 million, it would be like tripling the number of shares available to investors.

Worse, the average market volume is only 5 million daily. This a key number. There isn't an appetite in the market to buy 120 million more shares, let alone even 40 million.

If Trump put up even half his shares for sale, you should expect the share price to drop below $2-$3 per share.

#8 | Posted by Sycophant at 2024-08-28 11:45 AM

SYCOPHANT

Suppose he dumps the whole load on September 20 and doesn't care if the stock drops down to penny stock. Or even if it ends up with no value at all.

According to the SEC, that's what the other executives are doing.

According to a recent filing with the Securities and Exchange Commission, Trump Media & Technology Group (TMTG) CFO and treasurer Juhan Phillip has already sold a whopping $1.9 million worth of company shares. CEO Devin Nunes and COO Andrew Northwall joined in as well, selling chunks of their holdings.

I mean, wasn't that the plan from the beginning? With the exception that the stock didn't top out as high as they expected. And the company actually ended up under water from a business standpoint.

#9 | Posted by Twinpac at 2024-08-28 11:13 PM

At least 3 of the right wing Justices on the SCROTUS
have already they are irredeemably corrupt. It doesn't
take but a whisper of a wind to tilt the election in
Donny Douchebags favor.

IF the Dems ever get back the full reigns of governmental power,
fixing the SCROTUS needs to be moved towards the top of the agenda.

#10 | Posted by earthmuse at 2024-08-29 06:38 AM

EARTHMUSE

Agreed!

The problem with that is Harris will need a big majority in both houses to get through an impeachment process.

Even at that, Trump is such a delusional sore loser he'll no doubt continue his "shadow" President games like he's been doing with House Speaker Johnson.

The one hope is that Special Counsel Jack Smith will put Trump away long enough to render him a toothless tiger.

#11 | Posted by Twinpac at 2024-08-29 07:21 AM

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