If this was true at the time, which is doubtful, it is not true now. On Feb 28, he asked an appellate court to reduce the #bond amount in the #fraud case to $100M, & said he might have to #sell properties otherwise. The court declined to lower the bond, but did temporarily stay the ruling by the trial judge, Arthur #Engoron, that #Trump couldn’t seek #loans from #banks.

#law #civil #defamation #SexualAssault #liability #accountability #JustDeserts

Typically, a defendant who has substantial #assets but needs piles of #cash will obtain a #bond, rather than posting the #money themselves. Under such an arrangement, a bonding company effectively vouches for #Trump w/the court, guaranteeing that the money is available. If Trump wins his #appeal, he pays the bonding company only a fee. If he loses, he has to pay in full. But Trump seems to be struggling to obtain such a bond.

#law #fraud #defamation #SexualAssault #accountability #JustDeserts

In requesting that the amt be reduced, his attys said coming up w/the current total would be “impossible,” forcing him to sell properties.
Bonding cos might hesitate to work w/Trump for various reasons. The size of the #bond …is substantial. #Trump also has a reputation for stiffing vendors, & recouping any amt might only get more challenging if Trump is reelected president & tries to [ab]use his office to put off collection, as he previously tried to use it to #delay or avoid #litigation.

#law

A willing bonding co would likely demand that #Trump post collateral, & that’s where he’d run into more trouble. Trump does possess lots of assets, but the question is whether he owns them outright. He has resisted detailed #disclosures that would answer that, but given his past practices—Trump once dubbed himself the “King of Debt”—experts told me they expect he has few big properties that don’t carry significant #debt.

[another reason he shouldn’t be #POTUS: who exactly is he indebted to?]