'No reason why' appeals court reduced Trump bond to $175m: Sue Craig

An unexpected new relief for Donald Trump as he faces a ticking clock on his $454 million civil fraud sentence. A New York

appeals

court

decided today that he will accept that much smaller $175 million bonus and agreed to block collection if he files it within 10 days. Now he has more time Trump will still be forced to answer the question of whether or not he has the money. This is what he said a few moments ago. We greatly respect the

appeals

division's decision and will comply with it. deposit cash or bonuses very quickly Re

bond

cash from securities, whatever it is, we will put it very quickly and win the case.

I have a lot of cash, you know, I have because you looked at my statements, I mean, you have I've been looking at my statements for a long time and I have a lot more than that in cash, but I would also like to be able to use some of my cash to get elected. , so just a moment ago, Leticia James, the Attorney General, issued a new statement. Saying that Donald Trump still faces liability for his astonishing fraud, the

court

already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family and his organization the $464 million plus interest judgment against Donald Trump and the other defendants Still standing, within 10 days Trump could face the grim possibility that Laticia James could have his assets frozen or property seized, which could well trigger another long and complicated court fight NBC's Yasmin Vugi and is outside the courthouse in New York City.

Also joining us is Sue Craig, New York Times investigative reporter and MSNBC contributor Katherine Christian. I want to start with you, if I can sue because the question here is how much money does Donald Trump have now that it's 175 million. Can you afford it? Does anyone have the answer to that? I'm kind of an I'll believe it when I see it person um and we'll see in 10 days if he can afford it or sooner, but it was interesting to hear the tone of his opinion on his position in the cast over the last few days. It felt like the sky was falling this weekend.

I had Eric Trump, his son, on TV, you know, practically screaming about how unfair this is. this is and then today it sounded like it was more like a parking ticket um it sounds like so Donald Trump says he plans to pay in cash you know let's see how he does it was interesting if he plans to pay in cash It should be noted that in the egene Carol case, where he also had to provide money for the appeal, he put it in the form of bail. It's cheaper to do it in cash because there are no fees.

Associate, you can just throw it in, but now you I know it's fair when I think about this that it went from $4.5 billion to $175 million dollars and the appeals court just for people who don't know they haven't sought the opinion, there wasn't any. which is why they adjusted it downwards. not at all, I mean we're left wondering what happened and we also think it's, you know, I think probably a lot of people wonder why and they just don't explain it and it makes you wonder how this is going to happen. Go for Donald Trump on appeal, he's certainly happy with the

reason

today for that, yeah, I mean, he's happy with that and obviously when you're talking about a 60% cut essentially in what he owes, then, you know , that's not insignificant, having said that, well. pointed out that there was a $91 million bail that he already had to pay in the egene Carol case, so that's money or property or whatever that he doesn't have to put against this and I wonder if Donald Trump, I wonder .

If Donald Trump knows exactly how much money he has, I mean, he's a constant, he goes down to the decimal point, he doesn't go down to the decimal point because he certainly he wouldn't answer the question when he was asked the question directly, let me. I read it about whether or not he could talk about the timing of getting the bonus. He did not answer that question even though he had said in a statement that he could do so within the correct 10 days. It's frustrating for people listening because it's a private company. company and we don't know how much cash you have on hand at any given time, we can see that you can look back in time and you can see that you made profits from things like, for example, you sold a hotel in Washington a few years ago. ago and I got over a hundred million dollars for it, there are other things where money comes in, but we don't know the withdrawals of their cash, so it's frustrating, as you can see, you know the New York Times got decades of their taxes.

We know that most of his businesses lose money and he has to inject capital to keep them running, but his exact cash position is not known, but today he seemed pretty confident that he could deliver on this and that's pretty much where we are. doing. We're left at this point, it went from the sky to the fall, like I said before, basically he has to pay a parking ticket at this point, okay yasma, what else can you tell us about this ruling and what it could mean for Donald Trump ? So, 10 days, that's how long you have to pay $175 million, as you were talking about, you still have to have an independent compliance officer within your company, however, Donald Trump and his children can also continue. operate as COOs or leaders of the corporation that also emerged from this ruling, which was obviously something of a victory for the former president, as he sees this as an injustice.

I will also say that in the midst of all this, Chris especially. With the trial behind me and the date set for April 15, we are also learning about the value of the real Trump social media and media company and how that could increase the former president's net worth starting tomorrow, when go public for $3 billion dollars, whether or not you can use your shares in that social media company as collateral is still in question, you would have to seek approval from True Social's board of directors, but in Donald Trump Jr is on the board along with three other people who served in the Trump administration, so it is likely that they would approve if he wanted to withdraw shares from there or withdraw guarantees.

I should say from there too, but again to Sue's point, whether or not he actually has the cash despite the fact that he says he has that and then something is really in doubt when you look at that 10 day period where you need pay, so Katherine obviously there is a chance, we don't know how big the chance is that it comes 10. days she may not have the money to secure that $175 million Bond I guess I mean, Laticia James had made it clear that she was ready to go, if she could figure out how to get $454 million, it's supposed to be 175 million for her too, how?

Is she getting close to this right now, this new ruling beyond what she said in the statement? If he doesn't present the money clearly within 10 days and he also has to perfect the appeal, she will begin the process she would. it would have started tomorrow if he hadn't put up the money if he hadn't gotten this pardon through the court appeal so I think in the court appeal some people have been critical of them, they probably said where it's going and where they are. these buildings will remember that there is a monitor here, so they can't make any independent monitor an independent monitor, former federal judge Barbara Jones, this company cannot make any financial maneuver or transaction without her approval, so that too could be a

reason

and they even stated in their decision that the federal monitor still remains in place which could also be a reason why they did this.

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