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Tuesday, Aug. 14, 2012 | 9:46 a.m.
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In a court filing Monday, congressional hopeful Danny Tarkanian argued that he and his family are "incapable" of obtaining a bond against a $17 million judgment and that it would "lead to financial insolvency."
A federal judge in California will now have to decide whether to impose the bond requirement -- some experts say it could be as much as $3 million -- on Tarkanian and his family as he appeals the judgment, which came down in May.
"Should the FDIC be allowed to execute on its improper judgment, the Defendants will endure wrongful and significant harm," Tarkanian's lawyers wrote in the filing, which I have posted at right. "They will not only be deprived of their assets but also possibly forced into bankruptcy."
That sounds pretty serious -- and it surely is a political liability when a congressional candidate acknowledges in a court document that he is in a financially precarious position, especially after he leant himself $40,000 for the campaign and forgave a $250,000 loan. If the judge does not grant the stay, do we say "game over" in this race?
Game Over? That maybe your wish Jon but let's face reality, the "game" will only be over if we elect people like Horsford because they will continue to vote for wasteful government projects that cause our country to go farther and farther into debt. Tarkanian has signed the "Taxpayer Protection Pledge" and promises not to vote for any bills that increase taxes. He also will not vote to increase the nation's debt ceiling because he believes in fiscal sanity and he has four young children whose future he cares about. With respect to Tark's real estate foreclosure/judgment problem, if the only people in Nevada's CD-4 that vote for Danny Tarkanian are those folks who have lost big-time in real estate in the past 5 years, he'll win in a landslide. In fact, if you know anyone who is ahead in real estate, you ought to write a column about that person. Face political reality, Jon, no decent person is going to side with the banksters in this one.