#NYSTATE: Posting a bond for $500 million. @AndrewCMcCarthy @NRO @ThadMcCotter @theamgreatness
The John Batchelor Show
John Batchelor
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🗓️ 1 March 2024
⏱️ 7 minutes
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Summary
#NYSTATE: Posting a bond for $500 million. @AndrewCMcCarthy @NRO @ThadMcCotter @theamgreatness
https://www.nationalreview.com/corner/trump-gets-partial-relief-in-effort-to-stop-enforcement-of-huge-civil-fraud-judgment-pending-appeal/
1920 Opening Congress
Transcript
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| 0:00.0 | Book your ticket to happiness with Sun Express Airlines. This is CBSi case for Mr. Trump, two of them. |
| 0:23.0 | This is CBSi in the world with Andy McCarthy and that is McCutter, the civil cases for Mr. Trump. |
| 0:29.0 | Two of them, one a fantastic amount of money, approaching half a billion dollars. Two, the Carroll |
| 0:36.2 | case much comparatively smaller but both involve the question of posting something large a large number in order to appeal the decisions. |
| 0:48.7 | Andy I think if I understand correctly it's the half a billion or some fantastic number that seems to be |
| 0:55.1 | the struggle how so well under both federal and state law once a judgment is |
| 1:01.6 | rendered by a judge or a jury in the in the |
| 1:07.2 | E. Jean Carroll case it was the jury in the civil fraud case in New York State. it was the judge because it was a bench trial but once the decision is final then there's a 30 day what's called automatic stay in the plaintiffs being able to execute or enforce the judgment. |
| 1:30.0 | And that runs in parallel with the 30 days that the law also gives defendants to appeal if they've lost the case. |
| 1:40.0 | So in effect, what ends up happening is you need to post enough money to equal the amount of the |
| 1:55.0 | amount of the judgment as a practical matter in order to appeal because if you don't post enough money then what happens is the plaintiff could start enforcing the judgment. |
| 2:02.6 | In other words, taking the money. |
| 2:04.8 | And if you don't pay the money, then |
| 2:06.7 | starting to seize your assets. |
| 2:08.5 | And it makes, if that happens, your appeal really |
| 2:11.0 | becomes illusory because by the time the appeal gets decided, your assets. your the New York case it's 454 million dollars with interest which is |
| 2:27.8 | accumulating at I think a hundred and twelve thousand dollars a day I mean some |
| 2:32.0 | astronomical amount. |
| 2:35.0 | Trump has to post something in the neighborhood of $500 million in order to get the court to stay Attorney General Letitia James's ability to enforce the judgment while Trump appeals. |
| 2:49.0 | And then while he's in this crunch to try to get and pull those assets together to post a bond at the same time |
| 2:57.0 | the January 26th verdict in the E. Jean Carroll case 83.3 million dollars. His 30 days is coming due on that as well and as a result |
| 3:08.0 | he will have to post about 90 million dollars in connection with that case. So the big question is does he have it? |
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