BREAKING NEWS: Letitia James Is Big Mad! Wants To CANCEL Donald Trump's Bond!

New York attorney general Leticia James

is now responding to former president

Trump's $175 million Bond payment CB has

more from CB cotton has more from our

New York City Newsroom on that for so CB

what is the attorney general asking

regarding uh the former president's Bond

underwriter well Sandra former president

Donald Trump staved off the risk of seiz

assets and drain bank accounts while he

appeals the Civil fraud judgment against

him he posted the $175 million Bond on

Monday again in order to appeal that

civil fraud judgment but we are told a

key component was missing because the

company who issued the bond is not

licensed to do so in New York now New

York attorney general Laticia James

citing New York law has filed a notice

with the court requesting the insurance

company Knights specialty Insurance

provide proof that the bond is

financially sound the company's chairman

Don hanky reportedly a billionaire told

Fox Business earlier this week he

supported the former president and even

donated to his campaign but he said the

decision to underwrite the bond for

Trump was ultimately about growing his

company we wanted an opportunity to

expand our business and we feel that

cause just justifies it we saw he was

having trouble getting the bond so we

reached out and said we're happy to

participate and they quickly came back

and uh we put a deal together in a few

days it's a big bond for us to

underwrite but uh Trum you know Donald

Trump came up with all cash so at the

end it was an easy decision and with

almost no risk okay so Sandra according

to the court filing Trump's team has 10

days to respond an appeals court as we

all know did reduce the the bond he'd

have to post in the Civil fraud judgment

from the $454

million Trump's attorneys have argued

that that amount ount uh posting that

amount was a quote practical

impossibility Sandra we've also reached

out to the insurance company for their

response to this development here we go

again it's never going to end you have

to ask yourself why is Leticia James

such an angry what's her problem well I

think I know exactly what's causing her

to be a in heels just to bring you up to

speed if you haven't been playing along

at home the moronic judge in the New

York case with Leticia James valued

maril Lago at just $18 million which is

extremely laughable then he slapped

Donald Trump with a

$454 million fine with interest that in

order for him to appeal such fine he had

to place it all in a court registry

which essentially denied Donald Trump of

his constitutionally protected right to

due process in other words that's called

an Eighth Amendment violation so Trump

filed an emergency appeal and got the

bond reduced from

$454 million to amazely $175 million

that really pissed off Leticia James

then on Monday this past Monday Trump

posted a bond for

$175 million but now Leticia James is

questioning the validity of the bond

that he posted she wants more

information from the bond company to

determine if the bond is valid you have

to understand her filing this question

this incident report saying she wants to

question the bond serves two purposes

first it gives the media permission

basically to go start dig dig dig dig

into this company find out everything

you can about them and put it out there

to the world and you watch the media

will gleefully play along and do

everything they possibly can to

basically cast dispersions against this

bond company in fact fact they may even

try to destroy this company actually

it's already begun this dud that you're

about to hear from is from the mightest

touch it's a livet website that all they

do is loathe about Donald Trump take a

listen to his characterization of the

bond deal night specialty insurance

company doesn't have the adequate assets

to be a sh it appears in the State of

the State of New York it's like he's

he's just laughing obviously hasn't done

his homework he doesn't understand how

shity bonds work they don't have to be

licensed in the state of New York they

just have to put up the bond and yes

they do have the assets he could have

just went to their website and seen what

the assets are or he can listen to the

owner of the company who explains how

they collateralized the bond it's a big

bond for us to underwrite but uh Trump

you know Donald Trump came up with all

cash so at the end it was a e decision

and with almost no risk laughable and

odd that I even have to say that so let

let me just break it but you don't have

to say it it's laughable that you're

doing it that you're saying this because

you want to taint people 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 he

gets kind of let off the hook a little

bit by the appell at court which allows

him to reduce the bond from 464 to 175

which so he's lying right there when he

said that Trump didn't have the money

you use a bond so you don't have to use

your own money so if Trump has $175

million which the owner of the company

has already confirmed then it makes it

an easy deal for the bond company you

won't have to use your own money that's

the objective with everything Trump's

been trying to do if you have to take

$175 million and put it into the court

that's $175 million you can't use by

using a bond you still have access to

your own $175 million this guy is a

bumbling idiot again if you're so rich

you should have $175 million then he go

if you're so rich if you're so rich you

should have $175 million you understand

how these people have no freaking idea

how business Works they have no freaking

idea how the entire system operates go

to his friend this guy Don hanky who

runs night specialty

Insurance his friend like that's some

sort of bad thing remember the movie

City Slickers and in the movie City

Slickers Curley finds gold and they're

saying is there more and Curley goes

it's got friends when you're a

billionaire yourself you know other

billionaires who have money for some

reason these people think that's a

negative Trump can raise the money

they're going to find that out this

weekend which I'll be doing another

video on probably later today or

tomorrow but this guy with all of his

just nastiness just looks like he just

crawled out of a hole somewhere is

saying oh if you got any money you

shouldn't have a problem putting up the

money you don't understand business you

don't understand and collateralization

you sir are a but night specialty

insurance doesn't have the adequate

surplus funds in the state of New York

in order to serve as a shity they don't

have the adequate assets done this isn't

about whether you're a democrat or a

republican this is just about another

Trump grift another Trump lie another

Trump night like what is going on here

you see what I mean it's just another

Trump Griff just another Trump lie just

completely discounted hey I don't know

any idea what I'm talking about I'm just

some left-wing website I'm a lib nut and

I'm just trying to tell you it's a grift

Trump doesn't have any money his friends

don't have any money oh my God these

people are freaking insane just about

everything he said in that piece is a

lie but now the media will run with

nothing but lies about you know night

and insurance and Donald Trump that

wasn't reporting that you just heard

that was a Donald Trump Voodoo ritual

all they do is sit around with Donald

Trump Voodoo Dows and sticking pins in

it hoping this time they've got him now

the second purpose of what Leticia James

filed is to send a clear message and

that message is to anyone who wants to

help Donald Trump we are going to

intimidate you we are going to harass

you we're are going to do everything to

destroy your reputation and your

business and who knows she may even try

to ban this company from doing business

in New York which I dare her to do no I

double dog dare her to do she will prove

Kevin o and many others 100% right she

will singlehandedly usher in a mass

Exodus of business out of New York but

let me stop for a second and ask you a

question do you think Donald Trump is

stupid he's the most scrutinized man on

the planet no nobody has stood up to the

amount of investigation and basically

magnification that Donald Trump has been

under for about 5 years now no about 8

years now don't you think he already

expected and planned for this to happen

don't you think that Knight specialty

insurance and their CEO and owner knew

exactly what he was getting into and

what could happen of course they did

remember what I played earlier and what

the president of the company said during

his interview on Fox

an opportunity to expand our business

and we feel that cause just justifies it

we saw he was having trouble getting the

bond so we reached out and said we're

happy to participate and they quickly

came back and uh we put a deal together

in a few days it's a big bond for us to

underwrite but uh Trump you know Donald

Trump came up with all cash so at the

end it was an easy decision and with

almost no risk unlike that idiot from

the mest touch the owner of the company

said he reached out to Donald Trump

Donald Trump did not reach out to him

that was a complete lie he also just

said as you heard that it was basically

a no risk deal because Donald Trump

himself collateralized the bond Donald

Trump had

$175 million in cash it's a no-brainer

and I guarantee you that's one of the

reasons they're pissed the bond while

not needed allows Donald Trump to keep

$175 million liquid to use on his

presidential campaign Leticia James was

hoping to break Donald Trump she was

hoping to the entire

presidential campaign listen here to

MSNBC as they breathlessly try to break

the news that Leticia James may have

indeed broke Donald Trump breaking news

in Donald Trump's civil fraud case the

New York attorney general has filed

notice questioning

essentially the financial strength of

the company that posted his bond and

whether it can cover the cost I want to

bring back MSNBC legal correspondent

Lisa Rubin who is frantically now

remember you already heard the owner of

the company say that Donald Trump

collateralized the bond himself with

$175 million in cash they just

completely ignored that looking at our

phone because this is literally just

breaking so this is

$175,000 right million

y if only it was $175,000 Donald Trump

is saying $175 million so there's a

question about whether they're really

covering it in a sufficient way is that

it let's go back for a second so this

morning KN specialty insurance company

filed a corrected version of the bond

that it's okay now a lot of people will

omit that night specialty Insurance went

in and filed a corrected version of the

bond so they did give more information

when she requested it but not not many

people are even talking about that that

other guy from Midas Touch never

mentioned it patched among other things

it's financial statements and showed

what its assets were as of the end of

last year that's December 31st 2023 it

has over $537 million in assets and what

the Attorney General's office hm

interesting the other guy said they

didn't have any money they were broke

you know these rich guys they talk

but they don't have any money he lied

saying they cash it has on hand is less

than the bond and they need to know

because specifically this company is not

admitted under New York's Department of

Financial Service it's not a New York

insurer and because it doesn't have

qualifications in New York state they no

no no no no no no okay got to stop you

there she went from registration to

qualifications big difference you do not

have to be registered to issue a bond in

New York City city that is not the case

so what is going to happen is because

you're not registered they they are

allowed to ask for more information

because obviously since you're not

registered you don't have all that

information on file does not have

anything to do with the qualifications

of the company whatsoever you're

entitled to ask for what's called

justification of the shy that mean

that's what you can ask for because

you're not a registered company in New

York they can ask for those you know as

to what you have where' you get the

money who are you guys yes go ahead I

will get you all that but it does not

mean they are not qualified means among

other things Chris that they want to

know how is this collateralized what are

the specific identifiable assets that

Donald Trump Bingo Bingo Bingo Bingo

that's what Leticia James wants she

wants to know Hey listen how was this

thing collateralize I need to know

specifically where this

175 $5 million is I need to know what

bank it's in I need to know where it's

being held I want to know who the

custodian of the account is she wants

all this information that's what she

wants she she already knows that night

specialty is a huge company I mean

monstrous company with $23 billion

dollar under management she knows that

because I know that I know how to check

and see what a company's worth that

company has 23 billion dollar under

management well above $175 million they

just don't keep it all in cash so what

she wants to know is Hey listen we

understand I heard that Donald Trump

collateralized this loan himself where

did he get the money and where is it

being held right now that's what I need

to know because you know I I need to

know all these things I'm Leticia

fraking James unbelievable unbel they

will get back this $175 million and up

to to the value of the Judgment that

judge andoran had ordered which at this

point stands over 500 I'm sorry $454

million if that judgment is upheld

wasn't that similar to the problem

Donald Trump himself faced because he

clearly has a lot of assets the question

of is are they liquid assets well

obviously if he put

$175 million in cash to collateralize

the bond you're answering your own

question you're just hoping that your

stupid audience doesn't understand all

of this High Finance stuff which I'm

breaking down for you how quickly for

example if he needed to could he sell

something and would it be worth what

corre would be needed to cover he had

other problems too right a lot of those

assets were encumbered and he couldn't

pledge them because there was already

somebody essentially in line if you it's

called a mortgage meaning if I buy a

piece of real estate and I get a loan to

buy that piece of real estate that's why

they call that a first mortgage a first

position mortgage I don't find that to

be a problem I have a building it may

have equity in it it may have great cash

flow but it's encumbered with a mortgage

that allows me to buy it when you bought

your house let's say you bought your

house five years ago you bought your

house for $500,000 you got a $400,000

loan you put down $100,000 you had

$100,000 in equity now that house is

worth $800,000 you may not have the

$300,000 in equity in cash but you have

that but there's still a loan of

$500,000 on the property now I'm not

trying to get you too deep into the

weeds here but that's how it works they

they're trying to make it seem like

that's just not something that's

normally done owe a $125 million

mortgage for example to an existing

lender then you can't exactly give that

over to the attorney general first when

you've got somebody in line with what's

called a perfected security interest so

is a similar problem Trump had even

greater why is that a problem what that

to me sounds like good business actually

doesn't sound that is good business you

want to make sure that your properties

are encumbered everybody who tells you

to go ahead and pay off your property

they're idiots you want the property

encumbered why because if you had a a

home free and clear and it was worth as

I said $500,000 and somebody sues you

unless you're in the State of Florida

which has homesteading laws by the way

they could take that $500,000 to pay off

your judgment in the State of Florida

which she may find out I didn't check to

see if marago is homesteaded but you

just can't run around taking people's

properties that's another thing that

people don't understand she may try to

attach properties in New York City she

may try to go out and put a lean on

properties in New York City but you just

don't all of a sudden become the owner

by virtue of a judgment you still have

to collect on that judment all the

people who have been running around

saying she's going to seize his

properties it doesn't work that way in

real estate you have to go ahead and

place a lean which make basically

encumbers the property if a guy tries to

sell it you can try to force a sale in

terms of try to foreclose on your lean

but if you try to foreclose on the on on

the lean you have you have to pay off

the other mortgages you're not just

going to wipe them off these people just

don't lose their money they don't tell

you this kind of stuff I don't know why

but they don't they don't even bother

telling you that kind of stuff your

problems on his own which is why he went

to KN specialty insurance company as his

shter here but here you see the Attorney

General's office saying what you filed

this morning is still not enough to

satisfy us that still not enough to

satisfy Leticia James and her Puppet

Masters of course it's enough to satisfy

the bond the court accepted it so it was

placed on you know into the court

registry Hey listen here's this piece of

paper we got $175 million it completely

satisfied now she wants to find out

what's behind that satisfaction you have

posted a bond that is sufficient to

cover our judgment if and when we win on

appeal so now what happens they have 10

days to file what's called a

justification of the shy and then there

will be uh in addition to the motion

practice a hearing at which the Sher can

come forward and they have copied for

example on this motion Amit Shaw who's

the president of night insurance company

signed the bond he is copied here

because he is basically the person on

whom this is being served you will show

up you will file these documents to

explain to no your attorney will show up

your accountants will file the documents

what is she talking about ask how this

is collateralized this is bringing Don

Hank Bingo did you hear that they want

to know how it's collateralized Bingo

they want to know where Donald Trump

came up with the money and where it's

being held you got to look behind the

here most these people on TV have no

idea what they're talking about they're

just spouting words or reading what's in

front of them they can't intelligently

speak on this stuff and his company a

whole lot more into this mess than I

fear that they anticipated okay so then

the okay now listen to what she says

here and she's going to say the quiet

part out loud question becomes what if

we don't know what's going to happen but

what if the decision is no this isn't

good so if it's not if it's not good

then Trump will have to obtain a new

undertaking to prevent Tish James from

enforcing on the Judgment while he

appeals right now he has a stay but that

stay is conditional on his having posted

this $175 million B wait a second

remember I said earlier about this being

an eighth amendment challenge as a

violation of due process oh he's got

another step to appeal if they do

something crazy here he can take this to

the Supreme Court nobody's men that if

this bond isn't sufficient according to

a court then Trump will have to obtain

another one in Li of it remind us what

enforcing might mean enforcing could

mean seizing assets nope ain't going to

happen before you can do that before you

can actually go and take a property

that's a whole other set of hearings as

well you just don't get a a judgment and

go I'm just going to take this property

that's not true you're once you have

your judgment then you have to do all

the other stuff in order to enforce the

Judgment I've been in real estate for 25

plus years I've bought so many

properties with judgments on them you

just don't all there's a reason why they

sit in a court registry that's why when

you do the title search all that

information is there it's like hey man

you got you got a judgment from Sears

you you got a judgment back like eight

years ago where you didn't pay your car

load they they want this paid off before

they you know you can sell the property

and then we have to contact the lean

holder and say listen will you take a

settlement for this lean that you have

on the property Sears and JC Penney and

whoever else you owe they don't just

walk in and take the property in fact

the IRS the same way if you have an IRS

Lan the lean sits on the property until

the property is sold could the IR res go

after the house and actually try to sell

it sure but they've done their due

diligence and they figure out as well

man this is going to be really costly

the homeowner property owner is going to

fight it the the mortgage holders are

going to fight it and then all of a

sudden you're looking at this and going

hm there's not a whole lot left so we're

just going to let this sit until the

property sells these guys are

breathlessly thinking they're just going

to walk in and change the locks on Trump

Tower or attach his bank account which

that ain't going to happen it could mean

for example seizing bank accounts it

could also mean taking steps to obtain

the ownership of assets that are okay

taking steps that's all they can do at

that point you can take the steps to

enforce it which could take years free

and clear from other mortgages and yeah

see see how they just slid that in at

the end what I just told you you have to

try and get the other mortgage holders

to either subordinate or you pay them

off the perfect world Tish James doesn't

want to get into a war with other

lenders to whom Donald Trump already

owes money she'd rather take possession

of assets or properties that are free

and clear of other demands good

luck that's the first person who's

actually said the truth there you you

don't just get to take properties that

are that are already have mortgages on

them you just don't it just doesn't

happen so you're going to have to try

and find stuff that's free and clear and

good luck with that but she never wanted

to get into that business in the first

place which is why the shity is a good

option for the Attorney General's office

as well they are a notice what she said

they never wanted to get in that

position anyway so if you didn't want to

get into that position of having to

seize properties and bank accounts and

deal with you know subordinate lenders

and all this other thing why exactly did

you go through this entire charade why

are you exactly going to the position of

we need to find out where this

collateralization is we need to see how

much money is there where the money's

come from why did you go through all

this they're about to tell you right

here law enforcement office they are not

a real estate agency they are not

interested in conducting a fire sale any

more than Donald Trump wants to host on

himself well this is a perfect example

early in this whole process when we knew

there were four criminal cases one of

the things that folks like me was

constantly asking folks like you is what

impact it might have on the political

calendar and one of the things folks

like you said was these cases can get

complicated there can be delays there

can be things like this that happened

and now it's another thing that's taking

time and attention for Donald Trump and

his legal team away

from other things he has to do like run

for president and there's your answer

all of this is to try and get his eye

off the ball get his eye off the prize

make him stumble as he's trying to run

for president that's the entirety of the

goal right here in my video yesterday I

said that the word is out that D Mena

Joe is a puppet do you know who else is

a puppet Leticia James she doesn't

strike me as a top tier attorney who has

the prowess to put all of this charade

together I bet she has the full power of

the bid administration's alphabet Mafia