SEIZENFREUDE: Nets Cheer Trump Cash Crunch Ahead Of Appeal Deadline

MRC Latino | March 18, 2024
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AARON KATERSKY: He has long promoted himself a billionaire --

DONALD TRUMP: I'm really rich… 

KATERSKY: But tonight, Donald Trump telling a New York appeals court he cannot cover the $464 million bond he must post one week from today, as he appeals the civil fraud judgment against him. Trump's lawyers saying they face "Insurmountable difficulties." They approached more than 30 insurance companies for help and were rejected by each one. The main reason? Trump does not have enough cash, and the insurance companies were unwilling to accept his real estate assets as collateral. Trump and his eldest sons were found liable for fraudulently inflating the value of their real estate to get favorable bank loans. If Trump does not secure a bond by next week, New York Attorney General Letitia James can ask the court to seize his properties, which she told me she is willing to do. 

You're prepared to have the state move to seize Trump's assets? 

LETITIA JAMES: We are prepared to make sure that the judgment is paid to New Yorkers.