Okay, I don’t know if this qualifies as a correction, per se. I think it’s more like an update. Word I’m hearing now is that it’s most likely the Appellate court in the NY fraud civil trial, the one that lowered Donny’s bond amount, thinks the lower court made mistakes in valuations. I wrote Thursday, “It was just math.” That’s still true, but you’ve got to do your math correctly. If you don’t carry the one (or whatever) when you’re supposed to, you’re going to get the wrong answer.

The thinking is, the court probably used assessed values to arrive at it’s number, not resell value, which is usually higher – but, I would add, more subjective. THAT thinking, in turn, means that, on appeal, the higher court will lower the amount of the disgorgement, in addition to having lowered the amount of the bond. The two will again align, just at the lower number.

The thing is, there’s this problem with that I’ll call “The Problem of the Toos” but only just this once and then never again because that’s kinda dumb. The appellate court says using the old appraisals was inaccurate because appraisals were too old, but clearly, using the resell values is FAR too subjective. True, appraised values don’t keep up with resell values. But if the appellate court tries to go with resell value, they’re opening up a can of worms that can play out forevermore.

I think Engoron was right to use the objective number, but I can understand how that same, objective number is outdated. So, the solution presents itself, doesn’t it? The court should order an immediate reappraisal of all trump properties, and then use THAT number. I like that solution for two reasons: one, it’s the most fair and, two it’s a double-edged sword for both sides.

On the one hand, the court would have a current, objective number to work with, but Donny would get a break on the crimes he committed at the earliest date of the frauds in question. (Because the appraised value goes up, the extent of his earliest frauds goes down.) On Donny’s side, he gets that break (and so pays a lower fine than he otherwise might), but now has to pay taxes on the new values going forward.

It’s a win/win or a lose/lose, depending upon how one looks at it. But it solves the problem in an objective way and removes all the subjective valuation possibilities. I don’t know what they’ll do, but I hope they do that…

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I find myself amazed at what happened in Baltimore. A ship hits a bridge and the bridge falls down? It’s going to cause havoc for awhile. Some 8,000 workers are out of work until the port opens again. (That’s millions out of the local economy.) Trucks pulling hazardous materials were required to use THAT bridge to move their cargo. Now what? It’s an economic disaster. It’s also amazing only six people lost their lives. That bridge is a major thoroughfare. It COULD have had hundreds, maybe thousands of people on it. A disaster – that could have been far worse.

Of course, MAGA media did it’s level best to MAKE it worse – by adding the stink of conspiracy theories. MAGA spends it’s days – and nights – searching, desperately for someone to blame and/or fear. No incident is too small but this one? This is a big one. It needed big lies. Lying Alex Jones suggested it was a cyber attack on the ship. “WW3 has already started!”

Fox Business host Maria Bartiromo suggested it was somehow related to the chaos on the southern border. Other’s tried to blame the crash on Obama. Some said they saw explosions. All fake. All fictions. Oh, of course, there was also the inevitable, ‘medical emergency caused by a Covid-19 vaccination.’ YEARS later, and MAGA STILL doesn’t understand science. Okay, so, none of the above.

The ship lost power for reasons still being investigated. Then, it drifted. It turns out, water has currents and those currents can move a ship, especially since it was already under way. Who knew? (Okay, everybody but MAGA.) I DO have one question: why weren’t the supports for that bridge better protected for such an event? I mean, that’s an important lifeline in Baltimore. I know, some things are inconceivable but it was somebody’s job to conceive of something like that. It’s not like it was ever absolutely impossible.

But that’s hindsight, and not a conspiracy. I’ll bet the new bridge has better protection. First, though, they’ve got to get that channel open, thereby opening the port again. Then they have to clear the rest of the debris. That’s going to take a long time before they can even start thinking about rebuilding, which will also take a long time.

I’ll tell you this: This thing is going to fade from the national news pretty quickly but in Baltimore, they’re going to be struggling with this for years to come…