Trump’s financial troubles raise many questions regarding the presidential candidate’s future
Donald Trump faces a $454 million civil fraud judgment from New York Attorney General Letitia James.
Trump must post a bond or pay the full amount by March 25 to appeal the judgment.
Trump's legal team claims securing a bond of this magnitude is "practically impossible."
Surety companies are reluctant to accept Trump's real estate assets as collateral, demanding cash or cash equivalents instead.
Trump has explored options like selling assets or seeking financial assistance from wealthy supporters.
Trump believes he has a strong legal case and argues that a decisive loss would deter business in New York due to perceived risks. [nypost.com]
A source close to Trump asserts that despite being able to raise funds from wealthy friends, Trump has chosen not to ask for financial assistance. [nypost.com]
Trump's legal team argues that the bond requirement's enormity, needing cash reserves approaching $1 billion, is unprecedented for a private company. [foxnews.com]
Cheung asserts that the size of the bond required contradicts basic principles of the Republic and undermines the rule of law in New York. [foxnews.com]
Former President Trump is not considering bankruptcy as a strategy to alleviate his immediate financial issues. [washingtonpost.com]
Trump's reluctance to pursue bankruptcy is partially due to fears it could harm his campaign to win back the presidency from President Biden in November. [washingtonpost.com]
Critics of Trump believe that any barrier he encounters could diminish his chances of returning to the presidency, thereby enhancing national security. [cnn.com]
The need for substantial cash may render Trump susceptible to influence from external entities, including adversaries of the United States. [cnn.com]
Concerns arise over Trump's financial vulnerability following a public shift in his stance on TikTok, speculated to be influenced by interactions with a major stakeholder of the platform. [cnn.com]
Illinois Rep. Sean Casten labels Trump a "massive national security risk" on X, owing to his dire need for cash which may attract foreign adversaries. [cnn.com]
Speculation exists around the potential expectations of foreign entities that might financially support Trump or his associates in exchange for political favors. [cnn.com]
Despite Trump's claim of financial barriers, his actions could pose a collective risk to U.S. national security, raising concerns about his suitability for future presidency. [cnn.com]
What Happened?
What is the Conservative media saying?
What is the Liberal media saying?
- https://nypost.com/2024/03/20/business/donald-trump-may-not-pay-bond-and-instead-let-letitia-james-seize-trump-tower-insiders/
- https://www.washingtontimes.com/news/2024/mar/19/key-questions-as-donald-trump-hurtles-toward-deadl/
- https://www.foxnews.com/politics/trump-unable-get-464m-appeal-bond-stop-collection-attorneys-say-practical-impossibility
- https://www.washingtonpost.com/politics/2024/03/20/trump-bond-bankruptcy/
- https://www.nbcnews.com/politics/donald-trump/selloffs-seized-assets-bankruptcy-trump-options-narrow-bond-deadline-a-rcna144090
- https://www.independent.co.uk/news/world/americas/us-politics/trump-afford-bond-appeal-fraud-b2514616.html
- https://www.cnn.com/2024/03/20/opinions/trump-bond-financial-problems-ghitis/index.html
- https://theconversation.com/trump-judgments-whats-an-appeal-bond-what-happens-if-he-cant-get-a-454-million-loan-226187
- https://www.newyorker.com/news/our-columnists/a-financial-reckoning-for-donald-trump
- https://www.motherjones.com/politics/2024/03/trump-cant-afford-to-post-bond-in-his-fraud-case/