One bond down, but the next one is about a half a billion dollars and even for a self-proclaimed billionaire that is Trump, it’s a tall order.
When posed with the question about how former President Donald Trump is doing with being able to post the hundreds of millions of dollars in bonds from losing in two cases, Maggie Haberman expressed “they’re not good.”
“…we know that they have been having a hard time,” she said. “They had a hard time getting both bonds.”
ALSO READ: ‘What a piece of work’: Marjorie Greene’s ‘childish’ SOTU response trashed by Senate Dems
Trump managed to front the $91.6 million bond for the second defamation defeat he suffered in court involving columnist E. Jean Carroll who accused Trump sexually accosted her in a department store in the mid-1990s. But the $450 million disgorgement judgment culminating his civil fraud case remains outstanding and the March 25 deadline is creeping up quickly.
Haberman believes Trump’s camp is scrambling.
“You know, they cleared one with the E. Jean Carroll case, which is a smaller amount by a lot,” she explained. “You know, he has a hill to climb in terms of getting a bond for this other judgment, which is almost half $1 billion.”
“His options are a lending institution, his options are selling an asset — he does have options, but they’re not great.”
At issue is trying to avoid emptying his cash and instead seeking a financial institution or a white knight to swoop in and cover the whopping amount.
“His folks would much rather have somebody bond him than him, have to put up the money himself while they’re appealing,” she said.
Watch below or click the link.
Read More: ‘He’s having a hard time’: NYT’s Maggie Haberman says Trump is scrambling to pay