LOADINGERROR LOADINGFormer federal prosecutor Andrew Weissmann said he highly doubted former President Donald Trump’s claim that he’s been unable to obtain a $464 million bond to appeal his civil fraud conviction.It “just doesn’t make any sense at all,” Weissmann told MSNBC’s Alicia Menendez on Wednesday’s broadcast of “Deadline: White House.”Advertisement
In a filing to the New York State Supreme Court, Trump called it “a practical impossibility” that he’ll get the money together and said 30 bond companies had turned him down.But New York Attorney General Letitia James, who brought the civil case against Trump, fired back in a separate filing by suggesting Trump hadn’t offered appropriate evidence to back up his claims. James also argued the total required could be split up into smaller sums between multiple companies.Weissmann agreed, adding Trump could also mortgage his assets.Trump “could do all that” but the “real issue is that he may just be too leveraged,” said Weissmann.“He says he’s worth so much, but all these properties are used to back loans from other institutions,” he added. “He may not have all that much money, either cash on hand or property that isn’t already pledged for other loans. So the reason he’s having trouble and the reason he might be having this meltdown is he can’t post the money, and he needs a lifeline through some third party who is going to be able to bail him out.”Watch the video here:[embedded content]Advertisement
Support HuffPostOur 2024 Coverage Needs YouYour Loyalty Means The World To UsAt HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as little as $2 to keep our news free for all.Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our j …
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In a filing to the New York State Supreme Court, Trump called it “a practical impossibility” that he’ll get the money together and said 30 bond companies had turned him down.But New York Attorney General Letitia James, who brought the civil case against Trump, fired back in a separate filing by suggesting Trump hadn’t offered appropriate evidence to back up his claims. James also argued the total required could be split up into smaller sums between multiple companies.Weissmann agreed, adding Trump could also mortgage his assets.Trump “could do all that” but the “real issue is that he may just be too leveraged,” said Weissmann.“He says he’s worth so much, but all these properties are used to back loans from other institutions,” he added. “He may not have all that much money, either cash on hand or property that isn’t already pledged for other loans. So the reason he’s having trouble and the reason he might be having this meltdown is he can’t post the money, and he needs a lifeline through some third party who is going to be able to bail him out.”Watch the video here:[embedded content]Advertisement
Support HuffPostOur 2024 Coverage Needs YouYour Loyalty Means The World To UsAt HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as little as $2 to keep our news free for all.Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our j …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]