Kevin O'Leary: This is an 'extraordinary assault' on America

Fox News
19 Mar 202410:58

Summary

TLDRThe transcript discusses the legal challenges faced by former President Donald Trump, including a nearly half-billion-dollar judgment from a real estate civil fraud trial and a defamation case. Trump's team is seeking an appeals court to pause the judgment or reduce the bond to $100 million, arguing that liquidating assets to meet the bond would result in irreparable harm. New York State Attorney General Letitia James, who brought the case, has threatened to seize Trump's assets if he fails to meet the deadline. The situation raises concerns about the precedent being set and the impact on the American brand and economy.

Takeaways

  • 📜 The Trump team is requesting the appeals court to pause a nearly half-billion-dollar judgment and reduce the bond to $100 million.
  • 🏛 New York State Attorney General Letitia James campaigned on challenging former President Trump and believes he can be indicted for criminal offenses.
  • 🏢 The Trump Organization was found to have overvalued its real estate assets to obtain better loan terms, leading to a significant civil fraud judgment.
  • 💰 Trump's attorneys argue that obtaining the cash through a fire sale of real estate holdings would result in massive recoverable losses and irreparable injury.
  • 🚚 If Trump fails to meet the deadline, Attorney General James could potentially freeze his bank accounts and pursue his real estate properties, including Trump Tower.
  • 🛡 Trump Insurance Company is covering the bond for Trump to pay the $83 million judgment from the E. Jean Carroll case, where Trump was found liable for sexual abuse and defamation.
  • 🏊 Insurance companies need cash as collateral to post the bond, and they are not relying solely on Trump's real estate assets as he reportedly does not have enough money in the bank.
  • 🀝 Kevin O'Leary expresses concern about the policy being set and its impact on the competitiveness of New York State and the American brand, highlighting the importance of laws, due process, and property rights.
  • 🌐 The case is seen as an attack on the stability of the United States and its attractiveness to foreign capital, with potential long-term effects on investment in the country.
  • 📅 The deadline is approaching, and there is uncertainty about what will happen if Trump does not satisfy the judgment, with the possibility of asset seizures being a contentious issue.

Q & A

  • What is the Trump team requesting from the appeals court regarding the judgment?

    -The Trump team is asking the appeals court to pause the nearly half-billion-dollar judgment and to reduce the bond to $100 million.

  • What did Attorney General James campaign on in relation to Donald Trump?

    -Attorney General James campaigned on challenging the then-president when fundamental rights are at stake and expressed her belief that the President of the United States can be indicted for criminal offenses.

  • What is the significance of the bond amount set by the judge in the Trump real estate civil fraud trial?

    -The bond amount of nearly half a billion dollars is significant because it is unprecedented and is meant to ensure that Trump satisfies the judgment. Failure to meet the bond requirement could lead to severe financial consequences for Trump.

  • What are the potential actions that Attorney General Letitia James could take if Trump does not meet the deadline?

    -If Trump does not meet the deadline, Attorney General Letitia James could potentially freeze his bank accounts and go after some of his real estate properties, such as the iconic Trump Tower, to satisfy the judgment.

  • How is the Trump Insurance Company involved in this case?

    -The Trump Insurance Company is covering the bond for Trump to pay the $83 million judgment from the E. Jean Carroll case, where a jury found Trump liable for sexual abuse and defamation.

  • What concerns do the insurance companies have regarding posting the bond for Trump?

    -Insurance companies are concerned about needing cash as collateral and the possibility of a fire sale of real estate holdings, which could result in massive recoverable losses. They also fear potential legal retribution from Attorney General James.

  • What is the impact of this case on the perception of the American brand and economy?

    -The case could potentially harm the perception of the American brand by shaking the core beliefs of laws, due process, and property rights, which attract foreign capital and make the U.S. the number one economy on Earth.

  • What is the timeline for the bond number issuance and the implications of a 30-day notice?

    -The bond number has never been issued before, and the 30-day notice given is very short, potentially leading to a bad message about New York State's competitiveness and the overall U.S. economy.

  • What is the role of the independent director appointed in this case?

    -The independent director is appointed to ensure compliance from President Trump, which is funded by tax dollars.

  • How does the Eighth Amendment factor into the discussion about the bond amount?

    -The Eighth Amendment prohibits excessive bail, fines, and cruel and unusual punishments. The bond amount of over half a billion dollars, in a victimless situation, could be seen as violating this amendment.

  • What is the historical precedent for the penalty imposed in this case?

    -According to the Associated Press analysis, the penalty has only been imposed a few times in 70 years of civil cases under the law, and this case is unique as it is the only big business threatened with a shutdown without a showing of obvious victims or major losses.

Outlines

00:00

🏛 Legal Battle Over Trump's Real Estate Judgment

This paragraph discusses the legal challenges faced by former President Donald Trump in relation to a nearly half-billion-dollar judgment in a real estate civil fraud trial. The Trump team is requesting the appeals court to pause the judgment and reduce the bond to $100 million. New York State Attorney General Letitia James is pursuing the case, and if Trump fails to meet the deadline, she could potentially freeze his bank accounts and go after his real estate properties. The Trump Insurance Company is covering a $83 million judgment from the E. Jean Carroll case, where Trump was found liable for sexual abuse and defamation. The situation highlights the complexities of Trump's financial and legal predicament.

05:00

🌐 Impact on American Brand and Investment Climate

The second paragraph focuses on the broader implications of the legal actions against Trump for the American brand and the investment climate in the United States. Kevin O'Leary argues that the case sets a troubling precedent, potentially affecting New York's competitiveness and the perception of the U.S. as a stable place for long-term capital investment. He emphasizes the importance of laws, due process, and property rights in maintaining the U.S. economy's global leadership. The conversation also touches on concerns about potential legal retaliation against insurers and the need for adult supervision in resolving the situation.

10:01

🚚 The Unprecedented Nature of the Judgment and Its Implications

The third paragraph delves into the unprecedented nature of the judgment against Trump, the high stakes involved, and the barriers it presents to his ability to appeal. It highlights the difficulty of securing a bond of such a large amount and the restrictions placed on Trump's financial maneuverability, including being barred from borrowing from New York banks. The discussion points out that the judge's ruling sets an impossibly high standard for Trump to meet in order to appeal, raising questions about the fairness and intention behind the legal requirements.

Mindmap

Keywords

💡Appeals Court

The Appeals Court is a legal venue where parties can challenge the decisions of lower courts. In the context of the video, the Trump team is asking the Appeals Court to pause the enforcement of a nearly half-billion-dollar judgment against Trump, illustrating the ongoing legal battle and Trump's efforts to contest the civil fraud judgment.

💡Bond

A bond, in a legal context, is a financial guarantee that ensures a party will fulfill their obligations under the law. In this video, Trump is ordered to post a bond of nearly half a billion dollars to satisfy a judgment, which his team is trying to reduce to $100 million, highlighting the financial stakes of the case.

💡Real Estate Civil Fraud Trial

This refers to a legal proceeding where the Trump Organization was found to have overvalued its real estate assets to obtain better loan terms from banks. The outcome of this trial has significant financial implications for Trump, as it is the source of the large judgment against him.

💡Attorney General Letitia James

Attorney General Letitia James is the elected official who brought the civil fraud case against the Trump Organization. She is portrayed as a determined figure who is not afraid to challenge the former president, and her actions are central to the legal issues discussed in the video.

💡Trump Insurance Company

The Trump Insurance Company is involved in covering the bond for Trump to pay a part of the judgment from another case, indicating the financial mechanisms Trump is employing to manage the legal consequences.

💡Seizing Assets

Seizing assets refers to the legal action where authorities take control of a person's property to satisfy a financial judgment or debt. In this video, there is a threat that Attorney General James could seize Trump's assets if he fails to meet the financial obligations set by the court, illustrating the potential severity of the legal consequences for Trump.

💡Fire Sale

A fire sale refers to a rapid sale of assets, often at significantly reduced prices, to quickly generate cash. In the video, Trump's attorneys argue that forcing a sale of real estate holdings to meet the bond requirement would result in a fire sale, causing irreparable financial harm and loss.

💡Due Process

Due process is a legal principle that ensures individuals are treated fairly by the legal system, including the right to a fair trial and the opportunity to be heard. Kevin O'Leary discusses the importance of due process and property rights in the context of the American brand and economy, emphasizing that these principles are being shaken by the actions against Trump.

💡Adult Supervision

In the context of the video, 'adult supervision' metaphorically refers to the need for responsible and mature leadership to intervene and manage the ongoing legal and political disputes. It is used to express concern about the lack of stability and guidance in the current situation, particularly with regards to the handling of Trump's cases.

💡Eighth Amendment

The Eighth Amendment to the U.S. Constitution prohibits excessive bail, fines, and cruel and unusual punishments. In the video, it is argued that the financial penalties imposed on Trump, such as the large bond, may violate this constitutional protection, especially if they are seen as excessively harsh or punitive without due cause.

💡Unprecedented Case

An 'unprecedented case' refers to a legal situation that has no exact precedents or examples in the past. In the video, the term is used to describe the unique and extraordinary nature of the legal actions against Trump, emphasizing the historical and legal significance of the case.

Highlights

The Trump team is asking the appeals court to pause the nearly half-billion-dollar judgment and reduce the bond to $100 million.

Attorney General James campaigned on getting Trump, stating she will challenge the 'illegitimate president'.

James believes the President of the United States can be indicted for criminal offenses.

The New York State Attorney General has seized Trump, requiring him to pay a bond of nearly half a billion dollars.

The Trump Organization was found to have overvalued its real estate assets to get better loan terms from banks.

Trump's attorneys argue that obtaining cash through a fire sale of real estate holdings would result in massive recoverable losses.

Attorney General Letitia James could potentially freeze Trump's bank accounts and go after his real estate properties if he doesn't meet the deadline.

Trump Insurance Company is covering the bond for Trump to pay the $83 million judgment from the E. Jean Carroll case.

The bond was accepted because Trump had the cash to cover it; however, he reportedly declined accepting the larger bond.

Kevin O'Leary discusses the policy implications for New York State's competitiveness and the message it sends about the American brand.

The concept of seizing assets in 30 days on a bond number that has never been issued is seen as a threat to the core values of the American economy.

There is concern about the lack of adult supervision in this situation and the impact on the United States being under siege.

Emily discusses the potential for Letitia James to start attempting to seize all of Trump's properties if the deadline is not met.

The bond amount is over half a billion dollars because it has to be 120% of the judgment, which accrues $112,000 a day.

The Eighth Amendment is mentioned in relation to excessive bail and fines, and its potential violation in this case.

The Associated Press analysis reveals that the penalty imposed is unprecedented in 70 years of civil cases under the law.

Lisa Boothe points out that the case has been called 'un-American' and highlights the political motivations behind it.

The ruling is criticized for making it impossible for Trump to appeal without coming up with almost half a billion dollars in cash.

Only a handful of bond companies are approved by the Treasury to issue and underwrite a bond as large as required.

The judge's ruling is seen as impossible to meet, and the pain is considered the point of the case.

Transcripts

00:00

.

00:00

FOX NEWS CONTRIBUTOR LISA BOOTHE

00:02

AND CHAIRMAN OF O'LEARY

00:04

VENTURES, KEVIN O'LEARY.

00:06

THE TRUMP TEAM IS ASKING APPEALS

00:08

COURT TO PAUSE THE NEARLY HALF

00:11

BILLION DOLLAR JUDGMENT AND

00:12

REDUCES BOND TO $100 MILLION.

00:15

"THE NEW YORK POST": THE

00:17

UNPRECEDENTED CASE A HIGH SEAS

00:18

BY THE STRONG ARM OF THE LAW.

00:21

ATTORNEY GENERAL JAMES

00:24

CAMPAIGNED ON GETTING TRUMP.

00:27

>> I WILL NEVER BE AFRAID TO

00:28

CHALLENGE THIS ILLEGITIMATE

00:32

PRESIDENT WHEN OUR FUNDAMENTAL

00:32

RIGHTS ARE AT STAKE.

00:34

I BELIEVE THE PRESIDENT OF THESE

00:35

UNITED STATES CAN BE INDICTED

00:37

FOR CRIMINAL OFFENSES.

00:42

>> HE'S GONNA KNOW MY NAME

00:44

PERSONALLY.

00:45

>> THAT MAN IN THE WHITE HOUSE.

00:49

WHO CAN GO A DAY WITHOUT

00:54

THREATENING OUR FUNDAMENTAL

00:55

RIGHTS.

00:55

YES, WE NEED TO FOCUS ON

00:57

DONALD TRUMP AND HIS ABUSES.

00:58

WE NEED TO FOLLOW HIS MONEY.

01:00

WE NEED TO FIND OUT WHERE HE HAS

01:01

LAUNDERED MONEY.

01:02

WE NEED TO FIND OUT WHETHER OR

01:04

NOT HE HAS ENGAGED IN  

01:07

CONSPIRACY.

01:07

IT IS IMPORTANT THAT EVERYONE

01:08

UNDERSTANDS THAT THE DAYS OF

01:09

DONALD TRUMP ARE COMING TO AN

01:11

END MAKE.

01:13

THE OFFICE OF ATTORNEY GENERAL

01:13

EVERY DAY SUING HIM, DEFENDING

01:16

YOUR RIGHTS, AND THEN GOING  

01:19

HOME.

01:20

>> Kayleigh: SHE MADE GOOD ON

01:21

THAT PROMISE.

01:22

LET'S GO LIVE WITH MORE ON

01:24

FORMER PRESIDENT TRUMP'S BOND

01:27

PROBLEMS.

01:28

>> TALK ABOUT A PROBLEM,

01:31

KAYLEIGH.

01:32

, FORMER PRESIDENT TRUMP

01:35

HAS --

01:36

SEIZED BY THE NEW YORK STATE

01:38

ATTORNEY GENERAL.

01:39

TRUMP MUST FORK OVER A BOND WITH

01:41

NEARLY HALF A BILLION DOLLARS IN

01:42

ORDER TO SATISFY THAT JUDGMENT

01:44

SET BY THE JUDGE IN THEIR

01:45

REAL ESTATE CIVIL FRAUD TRIAL.

01:48

YOU MAY REMEMBER THAT HE FOUND

01:52

THAT THE TRUMP ORGANIZATION

01:53

OVERVALUED IT'S A REAL ESTATE

01:54

ASSETS TO GET BETTER LOANS TERMS

01:57

FROM BANKS.

01:58

ASKING APPEALS COURT TO PAUSE

02:00

THE JUDGMENT OR ACCEPT A LOWER

02:04

BOND OF ONLY $100 MILLION.

02:06

TRUMP'S ATTORNEYS WROTE

02:07

"OBTAINING SUCH CASH THROUGH A

02:10

FIRE SALE OF REAL ESTATE

02:11

HOLDINGS WOULD INEVITABLY RESULT

02:12

IN A MASSIVE RECOVERABLE LOSSES,

02:17

TEXTBOOK IRREPARABLE INJURY.

02:19

IF MR. TRUMP DOESN'T MEET THE

02:19

DEADLINE ON MONDAY,

02:22

ATTORNEY GENERAL LETITIA JAMES

02:23

WHO BROUGHT THE CASE COULD

02:24

POTENTIALLY FREEZE HIS BANK

02:25

ACCOUNTS AND EVEN GO AFTER SOME

02:26

OF HIS REAL ESTATE PROPERTIES

02:30

LIKE THE ICONIC TRUMP TOWER TO

02:32

SATISFY THE JUDGMENT.

02:33

TRUMP SAYS THAT WOULD BE UNFAIR

02:35

PENDING THE FINAL OUTCOME OF HIS

02:37

APPEAL.

02:39

THE TRUMP INSURANCE COMPANY IS

02:40

COVERING THE BOND FOR TRUMP TO

02:43

PAY THE $83 MILLION JUDGMENT

02:45

FROM THE E. JEAN CARROLL CASE.

02:46

THAT JURY FOUND THAT TRUMP WAS

02:49

LIABLE FOR SEXUALLY ABUSING HER

02:51

BACK IN THE 1990s.

02:52

THE SECOND JURY FOUND THAT HE

02:54

DEFAMED HER.

02:55

THAT BOND WAS ACCEPTED BECAUSE

02:56

HE HAD THE CASH TO COVER IT.

03:00

HE NOW REPORTEDLY DECLINED

03:01

ACCEPTING THE LARGER BOND.

03:03

THAT LEAVES MR. TRUMP NOW ON THE

03:04

EDGE OF A FINANCIAL CLIFF.

03:05

THIS IS THE WAY IT WORKS IN

03:06

ORDER TO POST THE BOND,

03:11

INSURANCE COMPANIES BASICALLY

03:11

NEED CASH AS COLLATERAL.

03:12

THEY ARE NOT RELYING ON JUST HIS

03:15

REAL ESTATE ASSETS, BECAUSE HE

03:17

APPARENTLY DOESN'T HAVE ALL THAT

03:18

MONEY IN THE BANK.

03:20

THE 30 INSURANCE COMPANIES, HIS

03:22

LAWYERS SAY APPROACH TO POST THE

03:23

BOND.

03:23

AUTHORITIES SAID NO.

03:26

KAYLEIGH.

03:27

>> Kayleigh: THANK YOU VERY

03:29

MUCH.

03:30

GAVIN, YOU KNOW, YOU HEARD ERIC

03:31

LAY OUT A FIRE SALE.

03:34

ESSENTIALLY, FORMER

03:37

PRESIDENT TRUMP SELL HAS ASSETS

03:38

AT A REDUCED COST.

03:38

IF HE WINS ON THE APPEAL BECAUSE

03:40

IT'S EASY TO ASK HOW THAT'S FAIR

03:42

THAT HE'S ENGAGED IN THIS FIRE

03:44

SALE.

03:45

NOT ONLY THAT, WALL STREET

03:46

JOURNAL EDITORIAL BOARD SAYS

03:48

INSURERS MAY ALSO FEAR

03:51

MISS JAMES' LEGAL RETRIBUTION.

03:52

THAT IS HIGHLY PROBLEMATIC.

03:54

ANYONE WHO DOES BUSINESS IN

03:55

NEW YORK OUGHT TO WORRY ABOUT

03:58

HOW MISS JAMES COULD LIKELY

03:58

TWIST OF THE SCREWS ON THEM.

04:02

>> Kevin: I THINK PEOPLE

04:04

SHOULD BE THINKING ABOUT THE

04:06

POLICY BEING PUT IN PLACE HERE.

04:08

THE COMPETITIVENESS OF

04:10

NEW YORK STATE VERSUS OTHER U.S.

04:12

STATES, BUT MORE IMPORTANTLY,

04:13

THE MESSAGE ABOUT THE AMERICAN

04:16

BRAND.

04:16

YOU THINK ABOUT AMERICA.

04:17

THE REASON THIS IS THE NUMBER

04:19

ONE ECONOMY ON EARTH IS THAT WE

04:20

HAVE LAWS AND DUE PROCESS.

04:23

WE HAVE PROPERTY RIGHTS.

04:24

IT ATTRACTS FOREIGN CAPITAL FROM

04:27

ALL AROUND THE WORLD.

04:27

ALTHOUGH THAT IS BEING SHAKEN TO

04:30

THE CORE HERE.

04:31

THE CONCEPT OF SEIZING ASSETS IN

04:32

30 DAYS ON A BOND NUMBER THAT

04:34

HAS NEVER BEEN ISSUED.

04:38

NO BOND COMPANY HAS ISSUED

04:40

ANYTHING NEAR THIS.

04:40

THERE WAS NO CHANCE IT WAS GOING

04:42

TO HAPPEN.

04:43

ONLY GIVING 30 DAYS NOTICE IN

04:46

TIME.

04:46

THAT IS A REALLY BAD A MESSAGE.

04:49

I THINK NEW YORKERS SHOULD THINK

04:52

WELL PAST TRUMP, WHETHER HE IS

04:54

PRESIDENT OR NOT OR WHETHER THIS

04:55

ATTORNEY GENERAL IS GONE

04:57

AND 4 YEARS OR NOT IS

04:59

IRRELEVANT.

05:00

THIS IS CASE SETTING AGAINST THE

05:02

AMERICAN BRAND.

05:03

THE MOST STABLE COUNTRY ON EARTH

05:05

ANYWHERE TO PUT CAPITAL WORK

05:07

OVER A LONG PERIOD OF TIME,

05:10

PARTICULARLY IN REAL ESTATE IS

05:11

THE UNITED STATES OF AMERICA.

05:12

THIS IS AN ASSAULT ON WHAT WE

05:13

BELIEVE TO BE CORE.

05:18

I FIND IT EXTRAORDINARY.

05:19

I THINK IT IS VERY TROUBLING.

05:22

IT HAS ABSOLUTELY NOTHING TO DO

05:24

WITH DONALD TRUMP AT THIS POINT

05:26

IN MY VIEW.

05:28

IT IS COMPLETELY BIPARTISAN.

05:30

THIS IS AN ATTACK ON AMERICA.

05:32

I DON'T KNOW HOW YOU CAN LOOK AT

05:33

IT ANY OTHER WAY.

05:36

AS AN INVESTOR -- I KNOW PLENTY

05:39

OF INVESTORS ARE COMPLETELY

05:40

DISTURBED BY THIS.

05:43

BUT, I MEAN, NO ONE IS GOING TO

05:46

PUT ANY MONEY TO WORK IN

05:47

NEW YORK IN THESE AMOUNTS UNTIL

05:48

THIS SETTLES DOWN.

05:49

THE WHOLE WORLD IS WATCHING.

05:51

EVERYBODY IS WAITING FOR ONE

05:52

THING WE HAVEN'T GOTTEN YET.

05:55

ADULT SUPERVISION.

05:56

WHERE IS IT?

05:58

WHERE ARE THE ADULTS IN THIS

06:01

CRAZY NARRATIVE?

06:02

CERTAINLY THERE HAS TO BE ADULT

06:04

SUPERVISION AT SOME POINT.

06:05

I UNDERSTAND THE WAR GOING ON

06:06

HERE AND ALL THE POLITICAL.

06:09

WE NEED AN ADULT IN THE ROOM

06:12

NOW.

06:12

THIS IS THE UNITED STATES OF

06:13

AMERICA UNDER SIEGE.

06:17

>> Kayleigh: VERY WELL SAID.

06:19

EMILY, I THINK THAT MILLION

06:21

DOLLAR QUESTION IS WHAT HAPPENS

06:23

MONDAY IF THIS DEADLINE COMES?

06:24

LETITIA JAMES HAS THREATENED TO

06:28

SEIZE ASSETS.

06:29

WHAT HAPPENS MONDAY?

06:31

>> Emily: TECHNICALLY, SHE CAN

06:32

START ATTEMPTING TO SEIZE ALL OF

06:34

HIS PROPERTIES THAT INCLUDES NOT

06:35

ONLY THE REAL ESTATE HOLDINGS

06:37

BUT INCLUDES ARTS AND WAGES AND

06:39

ANYTHING THAT HE ESSENTIALLY

06:42

OWNS IF LEGALLY SHE CAN ATTEMPT

06:45

TO GO AFTER ASSETS THAT HE OWNS

06:46

IN OTHER STATES.

06:48

THAT INCLUDES MAR-A-LAGO AND

06:49

PLACES IN FLORIDA.

06:50

SHE HAS TO GO THROUGH THE COURTS

06:52

THERE.

06:52

THAT WOULD BE A LENGTHY AND

06:54

CUMBERSOME PROCESS.

06:54

AT THE END OF THE DAY, WE HAVE

06:58

HER GLOAT WITH GLEE OVER THAT

06:59

POSSIBILITY.

07:00

SHE SAID I'M GETTING THIS BACK

07:02

OR NEW YORKERS.

07:02

I'M NOT SURE WHAT THAT LOOKS

07:04

LIKE AS A NEW YORKER.

07:05

WHAT I'M PAYING FOR IS NOT ONLY

07:06

THE DESTRUCTION OF AMERICA AS

07:08

KEVIN ELOQUENTLY PUT IT BUT THE

07:12

ABUSE OF MY TAX DOLLARS.

07:13

THE FUNDAMENTALS OF THIS, THE

07:14

REASON WHY THE BOND IS OVER HALF

07:16

A BILLION DOLLARS IS BECAUSE YOU

07:17

HAVE TO POST 120% OF YOUR

07:20

JUDGMENT.

07:23

THIS JUDGMENT ACCRUES $112,000 A

07:26

DAY.

07:26

THAT IS OVER TWICE THE AVERAGE

07:28

AMERICAN SALARY IS ONE OF THE

07:31

INTEREST IS ON THIS ABOMINATION

07:32

OF A JUDGMENT FOR THIS

07:33

DEFENDANT.

07:34

BY THE WAY, A NEW YORK APPEALS

07:35

COURT AS WE KNOW JUST CONFIRMED,

07:39

YES, TRUMP IS ON THE HOOK FOR

07:41

THE FULL BOND.

07:41

NO DELAY.

07:42

YOU HAVE TO PAY THE FULL THING.

07:43

GUESS WHAT WAS APPOINTED, AN

07:46

INDEPENDENT DIRECTOR.

07:47

MY TAX DOLLARS ARE PAYING FOR

07:48

ANOTHER PERSON TO ENSURE

07:52

COMPLIANCE FROM PRESIDENT TRUMP.

07:54

THE EIGHTH AMENDMENT STATES

07:56

EXCESSIVE BAIL SHALL NOT BE

07:59

REQUIRED NOR EXCESSIVE FINES

08:01

IMPOSED, NOR CRUEL AND UNUSUAL

08:02

PUNISHMENTS INFLICTED.

08:03

IF THERE IS ANYTHING THAT THIS

08:05

EIGHTH AMENDMENT PROHIBITS AND

08:08

TRIED TO PRESCRIBE AGAINST,

08:09

BELIEVE ME, IT IS A HALF-MILLION

08:11

DOLLARS OUT JUDGMENT OR A

08:13

WORKING NEW YORK EMPLOYER WITH

08:13

ZERO VICTIMS.

08:17

>> Kayleigh: WELL SAID,

08:19

TRUMP'S ATTORNEY SAYING THE REAL

08:20

JUDGMENT TO YOUR POINT, 120%

08:22

COMES OUT AT $557.5 MILLION FOR

08:26

A VICTIMLESS SITUATION.

08:31

>> 2 GREAT POINTS THERE.

08:32

THE UNPRECEDENTED NATURE OF THE

08:33

CASE FROM THE JUDGMENT FROM THE

08:35

AMOUNT OF MONEY AND ALSO TO THE

08:36

TIMELINE IN WHICH IT IS BEING

08:38

SOUGHT.

08:39

KEVIN HAD A GREAT POINT ABOUT

08:40

ADULTS IN THE REALM WHICH BRINGS

08:42

US BACK TO THE EIGHTH AMENDMENT.

08:43

ARE THE ADULTS IN THE ROOM GOING

08:45

TO BE THE SUPREME COURT?

08:46

WE ARE LOOKING AT MONDAY.

08:48

THE MILLION DOLLAR QUESTION IS A

08:51

HALF-MILLION DOLLAR QUESTION.

08:52

WE WILL SEE IF THEY ACTUALLY DO

08:54

END UP GOING AFTER ANY OF THE

08:55

PROPERTIES.

08:57

IF IT IS ONE PROPERTY AND A

08:59

FIRE SALE.

08:59

THEY START TO MAKE THEIR OWN

09:00

ARGUMENT WHERE THEY ARE SAYING

09:02

THE PROPERTIES WERE NEVER VALUED

09:03

THE WAY WE SHOULD HAVE BEEN.

09:05

LOOK WHAT WE GOT.

09:07

IN REALITY, AND IT WAS A

09:08

FIRE SALE INSTEAD OF A FAIR

09:10

MARKET.

09:11

>> Kayleigh: I BRING THIS UP

09:13

AGAIN AND AGAIN.

09:14

THIS IS THE CRUX OF EVERYTHING

09:14

WE ARE SPEAKING ABOUT.

09:18

THE ASSOCIATED PRESS ANALYSIS,

09:19

70 YEARS OF CIVIL CASES UNDER

09:21

THE LAW.

09:21

THE PENALTY HAS ONLY BEEN

09:24

IMPOSED PREVIOUS TIMES.

09:25

IT IS THE ONLY BIG BUSINESS,

09:28

THAT WAS THREATENED WITH A SHUT

09:30

DOWN WITHOUT A SHOWING OF

09:32

OBVIOUS VICTIMS IN MAJOR LOSSES.

09:33

LET ME TRANSLATE UNPRECEDENTED.

09:36

>> Lisa: HE WAS CALLED A WHALE

09:38

CLIENT BECAUSE OF THE AMOUNT OF

09:39

MONEY THAT COULD BE MADE FROM

09:41

HIM.

09:41

THIS HAS BEEN CALLED

09:42

UN-AMERICAN.

09:42

WHAT IS IMPORTANT TO POINT OUT

09:44

AS THIS IS AMERICA NOW.

09:48

IN.S IS THE AMERICA THAT WE LIVE

09:48

THIS IS THE NORM.

09:49

THIS LAW IF THEY ARE AGAINST

09:54

POLITICAL ATTORNEY GENERAL

09:54

LETITIA JAMES CAMPAIGNED ON

09:55

THIS.

09:55

SHE SAID SHE WOULD GET TRUMP.

09:58

NOW SHE IS GETTING DONALD TRUMP.

09:59

IF YOU DIG INTO THE RULING, WHAT

10:00

IS EVIL IS TO MAKE IT IMPOSSIBLE

10:02

FOR HIM TO EVEN APPEAL.

10:04

HE HAS TO COME UP WITH THE CASH

10:06

TO APPEAL ALMOST HALF A BILLION

10:07

DOLLARS TO EVEN BE ABLE TO

10:10

APPEAL THIS RULING.

10:10

HE ALSO MADE IT WHERE HE WAS

10:13

BARRED FROM TRYING TO BORROW

10:14

FROM A NEW YORK BANK.

10:17

EVEN BEYOND THAT, HIS ATTORNEY'S

10:18

TEAM POINTED OUT THAT ONLY A

10:20

HANDFUL OF BOND COMPANIES ARE

10:22

APPROVED BY TREASURY TO ISSUE

10:23

AND UNDERWRITE A BOND UP AS

10:24

LARGE.

10:25

AT MAXIMUM DO A SINGLE

10:26

$100 MILLION BOND.

10:29

THE JUDGE KNOWS THAT THE TASK

10:31

THAT HE HAS PUT IN FRONT OF

10:34

TRUMP, THIS RULING IS IMPOSSIBLE

10:36

TO MEET.

10:36

THE STANDARD IS IMPOSSIBLE TO

10:37

MEET IN ORDER TO APPEAL.

10:38

THE PAIN IS THE POINT.

10:41

SPEAK TO SOME

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TrumpLegalBattleNewYorkAttorneyGeneralJudgmentAgainstTrumpRealEstateFraudAppealChallengeFinancialRiskInsuranceCoverageLegalPrecedentEconomicImpactPoliticalInfluence
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