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So we have some breaking news as it relates to Donald Trump's bond in that New York fraud case.

Letitia James, who is the attorney general there, she is objecting to the bond company.

I want to get now to Ben Miscellus from the Midas Touch Network for the latest on this news.

Ben, what is going on here?

Well, the bond company that you and I talked about on the last video together, Knight Specialty Insurance

Company doesn't have the adequate assets to be a surety. It appears in the state of New York.

It's like laughable and odd that I even have to say that.

So let me just break it down for the viewer.

So Donald Trump was unable to post his own cash in order to post a bond to stay the enforcement

of the judgment in the New York Attorney General

civil fraud case. So Trump goes around, I'm so rich. I've got all of this cash. Well, then he

tries to get a, he gets kind of let off the hook a little bit by the appellate court, which allows

him to reduce the bond from 464 to 175, which, again, if you're so rich,

you should have $175 million.

Then he goes to his friend, this guy, Don Hankey, who runs Knight Specialty Insurance.

But Knight Specialty Insurance doesn't have the adequate surplus funds in the state of New York

in order to serve as a surety such that they can't be a guarantor of the money, which is the

whole purpose of what a surety is to provide the certainty and confidence that if a party loses the appeal, the winning party,

in the other case it was E. Jean Carroll, in this case, it was the New York Attorney General's

office, can just say, okay, night specialty, I'll take that money because you have the adequate

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