Trump snaps at reporter over campaign funding question. Here are the facts
CNN・2 minutes read
Trump defended his wealth and sought to pay a $175 million bond for a civil fraud case, considering various options like foreign money and stock collateral, with his legal team strategizing around the trial. Despite challenges with underwriters and the trial date, Trump's identity and brand are tied to the case's outcome, emphasizing his success and financial standing.
Insights
- Trump is facing a New York civil fraud case where his defense relies heavily on his wealth and success, which are integral to his identity and brand.
- Despite Trump's claims of having $300 to $400 million, only $175 million may be available for a bond, with underwriters hesitant to go beyond $100 million due to a lack of precedent, leading Trump's legal team to consider alternative methods like using cash or stock collateral.
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Recent questions
How much money does Trump claim to have available for a bond?
Trump mentioned having around $300 to $400 million, with $175 million potentially available for the bond.
Why were underwriters hesitant to underwrite a bond for $500 million?
Underwriters were hesitant due to lack of precedent, setting a $100 million limit.
What is Trump's defense strategy in the New York civil fraud case?
Trump's defense strategy emphasizes his wealth and success.
How did Trump's legal team plan around the trial start date?
Trump's legal team planned for the trial to start on April 15th, scheduling campaign events around court dates.
How did Trump plan to post the reduced $175 million bond?
Trump could post the bond with cash or stock collateral, overcoming insurers' requirements.
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Summary
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Trump's Wealth and Legal Battle Summarized
- Trump mentioned having around $300 to $400 million, but not all of it is liquid, with $175 million potentially available for the bond.
- Underwriters were hesitant to underwrite a bond for $500 million, with a $100 million limit due to lack of precedent.
- Trump's defense in the New York civil fraud case is crucial to his identity and brand, emphasizing his wealth and success.
- Trump vehemently defended his wealth and ability to pay the bond, expressing anger at doubts about his financial status.
- Trump's legal team planned around the trial, expecting it to start on April 15th, with campaign events scheduled around court dates.
- Trump's attorneys considered foreign money to cover legal fees, but denied accepting any from foreign governments.
- Trump could post the reduced $175 million bond with cash or stock collateral, overcoming the obstacle of insurers' requirements.
- Trump's attempt to appeal the trial start date on April 15th is unlikely to succeed, as the judge seems firm on the schedule.
