‘He’s exposed’: Donald Trump learns that there are some bills you cannot weasel out of

Donald Trump has a long history of bypassing the bill, whether it's allegedly hurting contractors or allegedly not paying officials in the city where Trump holds his rallies, to quote the Wall Street Journal. Trump has left a trail of unpaid

bills

in his wake, but

some

bills

can't be evaded, at least not without posting bail, a huge bail first, and that's a lesson Donald Trump is learning the hard way when This is that $464 million judgment in the civil fraud case brought by New York. The attorney general is James, with the deadline approaching for Trump to post bail in that case today.

Trump's lawyer said it's not going to happen. They claim that Trump and his fellow defendants face insurmountable difficulties in obtaining bail for the full $464 million, calling it a quote. practical impossibility of getting bail for that amount saying that Trump went to four brokers and almost 30 shitty companies and they all rejected him, is the scenario that New York Attorney General James saw coming and has been absolutely clear about what is willing to do if and when Trump runs out of money if he doesn't have the funds to pay the judgment, then we will pursue, you know, enforcement mechanisms in court and ask the judge to seize his assets, we are prepared to make sure that that the judgment is paid to New Yorkers and yes, I watch 40 Wall Street every day.

I watch 40 Wall Street every day, and that's where we start today with New York Times investigative reporter and MSNBC contributor Suzanne Craig, plus former top Justice Department official and MSNBC legal analyst Andrew Weissman, and former senator and co-host of the msnbc podcast on how to win in 2024, Claire mcco Andrew, let's start with you because I would like you to explain to us why Donald Trump needed to post this bonus in the first place, it was this way because Tish James pressured him to collect the full amount, what was going on here, so this is a standard practice, so, the way it works is if you have a judgment made against you in a court of law, you have the right to appeal it, but within Within 30 days the sentence will come into effect so that the plaintiff can be compensated.

If you want to prevent that from going into effect, what you can do is post in court either the total amount of money or

some

type of bond that a company can give you and it is a way of saying that the money is there if you lose your appeal , so the plaintiffs don't take the risk that the money isn't there, so it's just a normal mechanism to make sure that the plaintiffs aren't the ones taking the risk here because they won, so the defendant has to come up with the money, uh and uh, and then they continue with their appeal if they don't.

If you get the money, you can enforce the judgment right now, and if you win your appeal, you will get the money back, but during that interim period, if you haven't come up with the money, the plaintiff can try to enforce the judgment. Judgment against any and all unencumbered assets, meaning any assets that are held freely and clearly may be real estate, may be stocks, may be cash, may be debts owed to you, may be income coming in to you, all of that. is on the table and there are plenty of mechanisms to enforce that, including depositions.

Judicial proceedings. The court can freeze assets, so this is a way to make sure that the plaintiff is not the one left holding the bag and here the plaintiffs are New Yorkers who are owed this $464 million, so Andrew, just to To continue with some of the points you raised, I want to play a little bit of what James said about all of this, let's listen. Financial frauds. They are not victimless crimes, he participated in this enormous amount of fraud and it was not just a simple mistake, a slight oversight, the variations were wildly exaggerated and the extent of the fraud was staggering, so the fact that she wanted to leave in Of course this was not a victimless crime because that's a narrative that Trump's team had been spreading and kind of B trying to include himself in the conversation, but regardless of that, TI James sounds very serious here, how serious is he? are you close?

Do you think that? In fact, I saw her and the authorities putting locks on the doors of Trump Tower, so first on the topic of victimless people, just remember that this sum of money is the amount of money that the judge determined that Donald Trump was illicitly obtained through fraud, in other words. This is the profit that he has to show and that he obtained as if you had stolen money from a bank and you had the 464 million dollars that you have to return it. And how are you? How are they going to do it? and then they are going to do it quickly, so just put yourself in the shoes of a public official, someone who is there to protect the public interest, the same day this ruling goes into effect, they will feel that burden. to make sure that they're not sleeping on the rights of the taxpayers of the state of New York, so you're going to see this, you know, I hate to use the term imminently, but I suspect that day one you're going to see the enforcement of the law. actions and just to step back into some sort of sphere, my general reaction to this is that Donald Trump must be lying because he's been saying that he's worth billions of dollars and now he's told the court that he can't get bail, so that he's either misrepresenting something to the court or he's been reusing something incorrectly for the public, but you know that in the enforcement proceedings he's going to be asked and a lot of people who work for him are going to be asked about where everything is. the money is there and we'll soon find out a lot more if he doesn't get bail about where his assets are, including how he was able to get some sort of $95 million bail in the egene Carol case, so you know he's trying not to be transparent about where Where his assets are and how they're compromised could all come crashing down in a matter of days, so Andrew gets into a lot of interesting points, particularly regarding whether he's lying to the court or lying to the public.

Trump was asked about the enormous amount of money for which he is, you know, on the line during a town hall last month on Fox, let's hear it now in this New York civilian. fraud case, this judge Arthur Angeron ruled against him for almost half a billion dollars plus interest that runs every day when I first read this, like $887,000 a day, how would you put that amount of money because you have a bail to pay even if you appeal, you have to deposit money in escrow, that is a large amount of a form of nalni, it is a form of communism or fascism that has nothing to do with the bond because, as we can see, this hits him both in the wallet and the ego, his real estate portfolio, uh, you know, they're his pride and joy, he's always bragged about it, how much of this is getting under his skin, um, and what it looks like for him to have to maybe liquidate some of that for some of the points that Andrew was making correctly, I mean, you can hear the clock ticking very loudly.

Now you have a matter of days to think about this. I have to say it about today's presentation because a lot of people know that they hear that he is a billionaire, he says. He is a billionaire and has assets worth a lot, so why can't he get the money? We know that in the case of Egene Carol he paid bail for almost 100 million dollars and in that we can see in the court documents that behind it he was able to put assets that he had in an account at Charles Schwab, so it seems that they were assets very liquids and what really caught my attention today when I was reading the presentation was that these companies that you go to "You've been in several.

They want cash and they are very clear that they don't want real estate. These are not companies in the real estate business roots and I think where Donald Trump is having problems here is with what he looks like." From the filings, a bond of over $500 million, you have to come up with more than the actual amount and then there are fees involved, so that's where it comes down to you don't have that much cash on hand and we'll see now. in the next week, if you can, you know this is a request, so you want another hearing on this or if you know, never rule out Donald Trump, if you can really find him in the next week, if you can do it, but right now it's saying. to court we just can't and not only can't we because we don't have the cash, but the companies we're talking to no one has even published anything of this size for a private company there.

There were a lot of layers to this, but it really comes down to how much cash he has on hand and he doesn't have the cash, is what he's saying. What I find very interesting, Claire, and I know you can appreciate this, is that The Man Who Beat His Chest and Boasted About His Wealth and How Much Cash He Has and What He Can Do With It is on display here. He's one of those guys who now talks and his mouth is stuck. I agree with the things he said, but here, in this case, you have some semblance of holding Donald Trump responsible.

Is it fair to make that assessment or is it going too far and explaining well what all this means at this moment? Um, Donald Trump, hello, welcome to the rule of law, Um, you've avoided it your whole life, you refuse to pay people, then you litigate, and then you settle, that's your business model and if you have to , you declare bankruptcy and really ruin people. money, so this is something completely new to him and he's caught between what he said and reality and you know, here's the really interesting part of this. Andrew pointed out that we should underline it four times with an exclamation part. normal, this is the standard operating procedure when you have a judgment against you, you have to file Bond if you are going to appeal now, why did that happen?

You know why it happened because people like Donald Trump tried to avoid the pain. People like Donald Trump tried. to hide their money they tried to abscond with their money they tried to park it overseas try to prevent the plaintiff from getting his money in this case the plaintiff is the state of New York so all this is happening because people like Donald Trump they don't want to pay your debts and now you're going to have to sit with this and frankly the idea that no one will take your real estate as collateral should tell you something about whether or not you overvalued your real estate or not