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Joined 2 years ago
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Cake day: June 11th, 2023

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  • He was indeed not running for a state or local office in Missouri.

    “A lot of people don’t don’t think about the fact that Donald Trump, if he met all the other requirements, if he was a Missouri resident, could not run for state representative or state Senate,” Davis told the Missouri Independent.

    “He would be precluded from running for these offices but was able to be re-elected president of the United States. So I think that at least causes people to start thinking about the issue a little more than they might otherwise,” Davis added.

    The law in question did not apply to him, and the bill was just named referencing him.

    The entire thing is moot. All I was saying is that Missouri doesn’t permanently disenfranchise felons, and the law being discussed didn’t apply to trump for a variety of reasons.





  • The estate has a duty to maximize the value of the liquidation, and pay back creditors as best it can. Specifically to settle the debts.

    While a creditor can’t dictate the value of the estate, they can offer to forgive debt, which is the same for the purposes of the estate.

    If the cancelled debt would have been worth more than the cash, then the creditors would be rightfully furious if the state instead sold the asset for less cash and paid them that way.

    If you owe me $50k, and I tell you your watch is worth $5k to me, and instead you sell it for $250 and give me that while declaring bankruptcy so I don’t get anything else, that’s a terrible outcome for me, and great for you if you sold the watch to your friend who then gave it back to you in exchange for $250 later.


  • No, that’s actually still the market deciding. It’s a perfectly standard type of auction that discourages low-ball bids. Bidding is secret, you only get one bid, and you don’t know who or if anyone else is bidding.
    If you want it, you make your best offer for what you’re willing to pay for it, and if someone else bid more they get it. If you would have been willing to pay more with more rounds of bidding, you should have bid that from the start.

    Open-bid auctions get better prices for sellers when there are a lot of bidders, and better prices for buyers when there are few. Given there were two bidders, it’s fair to seek the most either party will bid, rather than seeking $1 more than the maximum the loosing party will pay.




  • So it’s unfortunately not actually a sale until the judge approves it, it’s just an accepted bid.
    Sorta like when buying a car. The salesman tells you the price for the vehicle, overpriced perks, and how much your trade in is worth, and you accept the final price. Then the salesman has to get the floor manager to agree, which they always do, because they’re the ones with authority to approve the sale. Then you can sign the paperwork and exchange money and you’ve actually processed the sale. Until then either party can walk away for any reason.

    In this case, it’s like the floor manager rejected the sale because the cash part of the sale price was less than MSRP, and they didn’t think the trade in value mattered.
    It’s not common for the sale to get rejected, and it’s even weirder for them to reject “not cash” instead of paying attention to value.

    The judge saying the estate can’t accept debt forgiveness in lieu of cash is just odd, since it reduces the debt more than the cash would.



  • A first price sealed bid auction is a perfectly common type of auction.
    It’s functionally equivalent to an auction where you know the value of a thing (like we do a business being liquidated because the owner is in extremely deep unrelated legal debt), and the auctioneer starts by asking for the face value and then progressively lowers the ask until the first person accepts the price.
    Instead of trying to get the lowest price possible, people are incentivised to start with their best offer for what they actually think the thing is valued. Allowing follow-up bids encourages people to low-ball and work their way up, which can reduce the price the seller gets for the item.

    https://www.investopedia.com/terms/s/sealed-bid-auction.asp




  • Ah, the high risk situation of being called to deal with a man falsely accused of a non-violent crime, and an unruly mob of people keeping their distance and “begging the men with guns and armor not to murder a man in the street”. I can definitely understand why shitty cowards would feel threatened.

    lied about in court

    I’m gonna go with “nah”. He was found guilty, so he’s a guilty murderer.
    I’m shocked a bootlicker like yourself would have such doubts in the system. Or is it because they actually found a cop guilty and you just can’t accept such a travesty? Just think of all the black kids he could have threatened!

    Go to hell.


  • Yeah… Of all the antigovernment people to latch onto it’s vaguely unfortunate that we landed on fawks. Like, I do get that it’s a pop culture reference more than an actual historical reference, but still.
    There was legitimate persecution of Catholics in England at the time, so it doesn’t least have a veneer of fighting tyranny, but he didn’t even actually succeed.

    Shoulda gone for Louis Lingg. A bit more modern, and had the awesome criminal defense that “it’s his right to fill his house with dynamite”.