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

Barry Cunningham Podcasts And Live Shows
5 Apr 202427:14

Summary

TLDRNew York attorney general Leticia James is challenging the $175 million bond posted by former president Donald Trump, as the company that issued the bond is not licensed in New York. James has requested additional information to confirm the financial stability of the bond and its issuer, Knights Specialty Insurance. The company's chairman, Don Hankey, has confirmed Trump's $175 million cash collateral and deemed the bond a low-risk decision. However, the attorney general's actions are seen by some as an attempt to intimidate and harass those assisting Trump, while others view it as a necessary step to ensure the bond's validity and financial backing.

Takeaways

  • 🏛️ New York Attorney General Leticia James is challenging the $175 million bond posted by former President Donald Trump, as part of his appeal against a civil fraud judgment.
  • 🤝 The bond was issued by Knight Specialty Insurance, a company not licensed in New York, prompting James to request further financial proof of the bond's validity.
  • 💰 Donald Trump avoided the risk of assets seizure and bank account drainage by posting the bond, which was reduced from the initial $454 million judgment.
  • 📈 The insurance company's chairman, Don Hankey, confirmed that Trump provided $175 million in cash, making the decision to underwrite the bond a low-risk endeavor.
  • 🏦 The media and critics are scrutinizing the bond company's assets and financial stability, with some claiming that the company lacks adequate surplus funds in New York.
  • 🔍 Leticia James's inquiry into the bond serves a dual purpose: it allows media investigation into the company and sends a message of potential consequences for those assisting Trump.
  • 🤔 The Attorney General's office is not satisfied with the initial information provided by the insurance company and has requested a detailed justification of the bond's collateralization.
  • 📝 Knight Specialty Insurance has since filed a corrected version of the bond, including financial statements showing over $537 million in assets as of December 31, 2023.
  • 🏛️ The legal process involves a hearing where the insurance company can present documentation to explain the bond's collateralization and address the Attorney General's concerns.
  • 🎯 The ultimate goal of these actions may be to distract Trump and his legal team from his presidential campaign, as the political calendar becomes increasingly significant.
  • 🚨 There is speculation that the Attorney General's actions may be influenced by external forces aiming to protect their interests in the upcoming political events.

Q & A

  • What is New York attorney general Leticia James requesting from the insurance company that posted Donald Trump's bond?

    -New York attorney general Leticia James is requesting the insurance company, Knights Specialty Insurance, to provide proof that the $175 million bond is financially sound and valid.

  • Why is the company that issued the bond potentially under scrutiny?

    -The company is under scrutiny because it is not licensed to operate in New York, which raises questions about the validity and financial backing of the bond they issued.

  • How did the owner of Knights Specialty Insurance, Don Hankey, justify the decision to underwrite the bond for Trump?

    -Don Hankey justified the decision by stating that it was an opportunity for their company to expand their business, and they felt that the cause justified their involvement.

  • What was the initial amount of the civil fraud judgment against Donald Trump before it was reduced?

    -The initial amount of the civil fraud judgment against Donald Trump was $454 million before it was reduced to $175 million by an appeals court.

  • What is the significance of the $175 million bond for Knights Specialty Insurance?

    -The $175 million bond is significant for Knights Specialty Insurance as it is a large bond for them to underwrite, and it represents a high-profile case that could impact their reputation and business.

  • What is the role of the media in this situation according to the script?

    -According to the script, the media is being encouraged to investigate and report on the bond company, potentially to cast dispersions against it and influence public opinion.

  • What is the main criticism against the New York attorney general's office's actions?

    -The main criticism is that the New York attorney general's office is seen as attempting to intimidate and harass anyone who wants to help Donald Trump, and that they are focusing on scrutinizing the bond company rather than focusing on the legal case itself.

  • What is the potential impact of this situation on Donald Trump's presidential campaign?

    -The potential impact is that this situation could distract Trump and his legal team from focusing on the presidential campaign, as they have to deal with the scrutiny and potential enforcement of the civil fraud judgment.

  • What is the process if the court finds that the bond is not sufficient?

    -If the court finds the bond is not sufficient, Trump would have to obtain a new undertaking to prevent the enforcement of the judgment while he appeals. This could involve providing additional collateral or finding another insurer.

  • What are the misconceptions about enforcing a judgment on real estate properties?

    -The misconceptions include the idea that a judgment automatically allows the seizure of properties or bank accounts. In reality, enforcing a judgment involves a separate legal process that may take years, and it requires dealing with other mortgage holders and potential challenges from the property owner.

  • What is the ultimate goal of the actions taken by the New York attorney general's office according to the script?

    -According to the script, the ultimate goal is to distract and challenge Donald Trump, potentially to weaken his position in the presidential race and protect the interests of the current administration.

Outlines

00:00

🏛️ Legal Proceedings and Bond Underwriting

This paragraph discusses the legal actions taken by New York attorney general Leticia James in response to former president Donald Trump's $175 million bond payment. The bond was posted as part of an appeal against a civil fraud judgment. The attorney general has requested that the insurance company, Knights Specialty Insurance, provide proof of the bond's financial soundness due to the company not being licensed in New York. The company's chairman, Don Hankey, a known supporter of Trump, explains that the decision to underwrite the bond was a business opportunity. The court filing reveals that Trump's team has 10 days to respond, and the attorney general's motives are questioned, with claims that she is attempting to use the media to scrutinize and potentially harm the insurance company.

05:01

💡 Understanding the Bond Process and Trump's Financial Position

This paragraph delves into the misconceptions about the use of bonds in legal proceedings, highlighting that they allow individuals like Trump to avoid using personal assets. It is pointed out that the reduced bond amount from $454 million to $175 million was a result of an appeal and not an indication of Trump's inability to pay. The speaker criticizes those who suggest that Trump lacks funds, emphasizing that the insurance company has confirmed Trump's $175 million cash availability. The discussion also touches on the broader implications of the case, suggesting that the scrutiny is part of a larger effort to undermine Trump's presidential campaign.

10:02

📜 Financial Disclosure and Collateralization Details

The focus of this paragraph is on the financial details of the bond and the company that underwrote it. It is mentioned that the insurance company, Night Specialty Insurance, filed a corrected version of the bond and provided financial statements showing over $537 million in assets as of December 31, 2023. The speaker argues against the notion that the company lacks the necessary funds or qualifications to cover the bond. The paragraph also clarifies the difference between registration and qualifications, stating that while the company is not registered in New York, it is still entitled to request justification of the bond's collateralization.

15:05

🕵️‍♂️ Investigating the Source of Collateral and Legal Implications

This paragraph centers on the Attorney General's request for detailed information about the collateralization of the $175 million bond. The inquiry aims to understand the source of the funds and where they are being held. The speaker asserts that the Attorney General's office is aware of the insurance company's substantial assets under management and its ability to cover the bond. The paragraph also addresses the legal process of enforcing a judgment, emphasizing that it is a complex procedure involving multiple steps and not as simple as seizing assets or bank accounts.

20:06

🎯 Political Maneuvering and Legal Strategy

The final paragraph examines the potential political motivations behind the legal actions against Trump. It suggests that the ongoing legal proceedings and scrutiny of the bond company are intended to distract Trump and his legal team from his presidential campaign. The speaker posits that the real goal is to keep Trump from gaining momentum in the election by diverting his focus and resources to legal defense. The paragraph concludes with a call to consider the broader context and the potential beneficiaries of these legal challenges.

Mindmap

Keywords

💡Attorney General Leticia James

Attorney General Leticia James is the elected official who heads the law office in New York State. In the context of the video, she is involved in a legal case against former President Donald Trump, seeking further information about a $175 million bond related to a civil fraud judgment. Her actions are central to the narrative as she challenges the validity of the bond and requests additional documentation from the insurance company involved.

💡Donald Trump

Donald Trump is the former President of the United States and the main subject of the legal issues discussed in the video. He is involved in a civil fraud case in which he has posted a $175 million bond to appeal a judgment against him. His financial dealings and the controversy surrounding the bond are central to the video's content.

💡$175 Million Bond

The $175 million bond is a financial instrument posted by Donald Trump to ensure his ability to appeal a civil fraud judgment. The bond is a central element in the video as it is the subject of scrutiny by Attorney General Leticia James and is the focus of the legal dispute over its validity and the financial soundness of the issuing company.

💡Civil Fraud Judgment

A civil fraud judgment is a legal ruling in a civil case involving allegations of fraudulent activity by an individual or entity. In this context, it refers to the court's decision against Donald Trump, which requires him to pay a specified amount or provide financial assurance, in this case, a bond, to cover potential damages.

💡Knights Specialty Insurance

Knights Specialty Insurance is the company that issued the $175 million bond on behalf of Donald Trump in the civil fraud case. The company's actions and its relationship with Trump are a significant part of the video's discussion, particularly as it faces scrutiny over its licensing and financial stability.

💡Due Process

Due process refers to the legal requirement that the state must respect all legal rights that are owed to a person according to the law. In the context of this video, it is mentioned in relation to claims that Trump's constitutionally protected right to due process was violated by the initial civil fraud judgment.

💡Eighth Amendment

The Eighth Amendment to the United States Constitution prohibits the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishments. In the video, it is mentioned in the context of an argument that the initial civil fraud judgment, with its high bond requirement, constitutes an Eighth Amendment violation by denying Trump his right to due process.

💡Asset Seizure

Asset seizure refers to the legal process by which a court takes control of a debtor's assets to satisfy a debt or a judgment. In this video, it is discussed in the context of potential actions that could be taken if the $175 million bond posted by Trump is deemed insufficient.

💡Collateralization

Collateralization is the process of securing a debt or obligation by promising specific assets as a guarantee. In the context of the video, it refers to how Donald Trump has provided assets to secure the $175 million bond, which is a point of interest for the Attorney General's office as they seek to verify the financial backing of the bond.

💡Media Scrutiny

Media scrutiny refers to the in-depth analysis and critical examination by news outlets of a particular subject or individual. In the video, it is suggested that the media is being encouraged to investigate the insurance company and the bond, potentially to cast doubt on their credibility and influence public opinion.

💡Political Strategy

Political strategy refers to the methods and tactics used by politicians or political entities to achieve their goals, which may include influencing public opinion, shaping narratives, or affecting the outcomes of elections. In the video, the legal actions against Trump are suggested to be part of a larger political strategy to distract or hinder his potential presidential campaign.

Highlights

New York attorney general Leticia James is responding to former president Trump's $175 million bond payment.

Trump posted the $175 million bond to appeal the civil fraud judgment against him.

A key component was missing because the company issuing the bond is not licensed in New York.

Attorney General Laticia James requested the insurance company Knights Specialty Insurance provide proof of the bond's financial soundness.

The company's chairman, Don Hankey, reportedly a billionaire and Trump supporter, stated the bond underwriting was for business expansion.

Trump's team has 10 days to respond, and the appeals court reduced the bond from $454 million.

Attorney General James questioned the bond's validity and demanded more information from the bond company.

The media is encouraged to investigate the bond company, potentially to tarnish its reputation.

Judge in the New York case valued Mar-a-Lago at $18 million and imposed a $454 million fine on Trump.

Trump filed an emergency appeal and got the bond reduced, which angered Leticia James.

The bond company claims they have adequate assets and that Trump provided cash collateral for the bond.

The Attorney General's office is challenging the financial strength of the bond company and its ability to cover the cost.

Knight Specialty Insurance filed a corrected version of the bond, providing more information and financial statements.

The company has over $537 million in assets as of December 31st, 2023.

The issue is not about the company's qualifications but its registration status in New York.

Leticia James seeks specific information on the collateralization of the bond and the location of Trump's $175 million.

The company has $23 billion under management, well above the $175 million bond amount.

The Attorney General's office wants to know the specifics of the bond collateralization and where the money is held.

If the bond is deemed insufficient, Trump will have to obtain a new one to prevent enforcement of the judgment while he appeals.

The entire situation aims to distract Trump from his presidential campaign and create obstacles.

Transcripts

00:01

New York attorney general Leticia James

00:03

is now responding to former president

00:05

Trump's $175 million Bond payment CB has

00:09

more from CB cotton has more from our

00:11

New York City Newsroom on that for so CB

00:13

what is the attorney general asking

00:15

regarding uh the former president's Bond

00:19

underwriter well Sandra former president

00:21

Donald Trump staved off the risk of seiz

00:24

assets and drain bank accounts while he

00:26

appeals the Civil fraud judgment against

00:28

him he posted the $175 million Bond on

00:32

Monday again in order to appeal that

00:35

civil fraud judgment but we are told a

00:37

key component was missing because the

00:39

company who issued the bond is not

00:42

licensed to do so in New York now New

00:44

York attorney general Laticia James

00:46

citing New York law has filed a notice

00:49

with the court requesting the insurance

00:50

company Knights specialty Insurance

00:53

provide proof that the bond is

00:55

financially sound the company's chairman

00:57

Don hanky reportedly a billionaire told

01:00

Fox Business earlier this week he

01:02

supported the former president and even

01:04

donated to his campaign but he said the

01:07

decision to underwrite the bond for

01:08

Trump was ultimately about growing his

01:12

company we wanted an opportunity to

01:14

expand our business and we feel that

01:17

cause just justifies it we saw he was

01:21

having trouble getting the bond so we

01:23

reached out and said we're happy to

01:25

participate and they quickly came back

01:28

and uh we put a deal together in a few

01:30

days it's a big bond for us to

01:31

underwrite but uh Trum you know Donald

01:35

Trump came up with all cash so at the

01:37

end it was an easy decision and with

01:41

almost no risk okay so Sandra according

01:44

to the court filing Trump's team has 10

01:46

days to respond an appeals court as we

01:49

all know did reduce the the bond he'd

01:52

have to post in the Civil fraud judgment

01:54

from the $454

01:56

million Trump's attorneys have argued

01:59

that that amount ount uh posting that

02:01

amount was a quote practical

02:03

impossibility Sandra we've also reached

02:05

out to the insurance company for their

02:07

response to this development here we go

02:09

again it's never going to end you have

02:11

to ask yourself why is Leticia James

02:14

such an angry what's her problem well I

02:17

think I know exactly what's causing her

02:19

to be a in heels just to bring you up to

02:22

speed if you haven't been playing along

02:24

at home the moronic judge in the New

02:26

York case with Leticia James valued

02:30

maril Lago at just $18 million which is

02:33

extremely laughable then he slapped

02:36

Donald Trump with a

02:39

$454 million fine with interest that in

02:44

order for him to appeal such fine he had

02:47

to place it all in a court registry

02:49

which essentially denied Donald Trump of

02:52

his constitutionally protected right to

02:55

due process in other words that's called

02:58

an Eighth Amendment violation so Trump

03:00

filed an emergency appeal and got the

03:03

bond reduced from

03:05

$454 million to amazely $175 million

03:10

that really pissed off Leticia James

03:12

then on Monday this past Monday Trump

03:15

posted a bond for

03:17

$175 million but now Leticia James is

03:22

questioning the validity of the bond

03:24

that he posted she wants more

03:26

information from the bond company to

03:28

determine if the bond is valid you have

03:31

to understand her filing this question

03:34

this incident report saying she wants to

03:36

question the bond serves two purposes

03:39

first it gives the media permission

03:41

basically to go start dig dig dig dig

03:44

into this company find out everything

03:47

you can about them and put it out there

03:49

to the world and you watch the media

03:51

will gleefully play along and do

03:53

everything they possibly can to

03:56

basically cast dispersions against this

03:58

bond company in fact fact they may even

04:00

try to destroy this company actually

04:03

it's already begun this dud that you're

04:04

about to hear from is from the mightest

04:06

touch it's a livet website that all they

04:09

do is loathe about Donald Trump take a

04:12

listen to his characterization of the

04:14

bond deal night specialty insurance

04:17

company doesn't have the adequate assets

04:21

to be a sh it appears in the State of

04:26

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

04:28

he's just laughing obviously hasn't done

04:30

his homework he doesn't understand how

04:32

shity bonds work they don't have to be

04:34

licensed in the state of New York they

04:36

just have to put up the bond and yes

04:39

they do have the assets he could have

04:41

just went to their website and seen what

04:43

the assets are or he can listen to the

04:46

owner of the company who explains how

04:49

they collateralized the bond it's a big

04:51

bond for us to underwrite but uh Trump

04:54

you know Donald Trump came up with all

04:56

cash so at the end it was a e decision

05:00

and with almost no risk laughable and

05:04

odd that I even have to say that so let

05:06

let me just break it but you don't have

05:07

to say it it's laughable that you're

05:09

doing it that you're saying this because

05:11

you want to taint people down for the

05:15

viewer so Donald Trump was unable to

05:17

post his own cash in order to post a

05:21

bond to stay the enforcement of the

05:24

Judgment in the New York attorney

05:26

general civil fraud case so Trump goes

05:28

around I'm so rich I've got all of this

05:30

cash well then he tries to get a he he

05:34

gets kind of let off the hook a little

05:36

bit by the appell at court which allows

05:39

him to reduce the bond from 464 to 175

05:43

which so he's lying right there when he

05:46

said that Trump didn't have the money

05:49

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

05:51

your own money so if Trump has $175

05:55

million which the owner of the company

05:57

has already confirmed then it makes it

06:00

an easy deal for the bond company you

06:02

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

06:05

the objective with everything Trump's

06:07

been trying to do if you have to take

06:10

$175 million and put it into the court

06:13

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

06:17

using a bond you still have access to

06:20

your own $175 million this guy is a

06:24

bumbling idiot again if you're so rich

06:26

you should have $175 million then he go

06:29

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

06:31

should have $175 million you understand

06:34

how these people have no freaking idea

06:36

how business Works they have no freaking

06:38

idea how the entire system operates go

06:41

to his friend this guy Don hanky who

06:44

runs night specialty

06:46

Insurance his friend like that's some

06:49

sort of bad thing remember the movie

06:50

City Slickers and in the movie City

06:52

Slickers Curley finds gold and they're

06:55

saying is there more and Curley goes

06:58

it's got friends when you're a

07:00

billionaire yourself you know other

07:03

billionaires who have money for some

07:05

reason these people think that's a

07:07

negative Trump can raise the money

07:09

they're going to find that out this

07:10

weekend which I'll be doing another

07:12

video on probably later today or

07:13

tomorrow but this guy with all of his

07:16

just nastiness just looks like he just

07:19

crawled out of a hole somewhere is

07:21

saying oh if you got any money you

07:23

shouldn't have a problem putting up the

07:25

money you don't understand business you

07:28

don't understand and collateralization

07:31

you sir are a but night specialty

07:34

insurance doesn't have the adequate

07:37

surplus funds in the state of New York

07:40

in order to serve as a shity they don't

07:43

have the adequate assets done this isn't

07:45

about whether you're a democrat or a

07:47

republican this is just about another

07:50

Trump grift another Trump lie another

07:53

Trump night like what is going on here

07:56

you see what I mean it's just another

07:57

Trump Griff just another Trump lie just

08:01

completely discounted hey I don't know

08:03

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

08:06

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

08:09

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

08:12

Trump doesn't have any money his friends

08:15

don't have any money oh my God these

08:17

people are freaking insane just about

08:20

everything he said in that piece is a

08:22

lie but now the media will run with

08:26

nothing but lies about you know night

08:29

and insurance and Donald Trump that

08:31

wasn't reporting that you just heard

08:33

that was a Donald Trump Voodoo ritual

08:36

all they do is sit around with Donald

08:38

Trump Voodoo Dows and sticking pins in

08:40

it hoping this time they've got him now

08:42

the second purpose of what Leticia James

08:45

filed is to send a clear message and

08:48

that message is to anyone who wants to

08:51

help Donald Trump we are going to

08:53

intimidate you we are going to harass

08:55

you we're are going to do everything to

08:57

destroy your reputation and your

08:59

business and who knows she may even try

09:02

to ban this company from doing business

09:04

in New York which I dare her to do no I

09:09

double dog dare her to do she will prove

09:11

Kevin o and many others 100% right she

09:15

will singlehandedly usher in a mass

09:18

Exodus of business out of New York but

09:21

let me stop for a second and ask you a

09:23

question do you think Donald Trump is

09:25

stupid he's the most scrutinized man on

09:28

the planet no nobody has stood up to the

09:30

amount of investigation and basically

09:33

magnification that Donald Trump has been

09:36

under for about 5 years now no about 8

09:39

years now don't you think he already

09:41

expected and planned for this to happen

09:44

don't you think that Knight specialty

09:46

insurance and their CEO and owner knew

09:49

exactly what he was getting into and

09:51

what could happen of course they did

09:53

remember what I played earlier and what

09:55

the president of the company said during

09:58

his interview on Fox

09:59

an opportunity to expand our business

10:01

and we feel that cause just justifies it

10:05

we saw he was having trouble getting the

10:08

bond so we reached out and said we're

10:11

happy to participate and they quickly

10:13

came back and uh we put a deal together

10:16

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

10:17

underwrite but uh Trump you know Donald

10:21

Trump came up with all cash so at the

10:23

end it was an easy decision and with

10:27

almost no risk unlike that idiot from

10:29

the mest touch the owner of the company

10:32

said he reached out to Donald Trump

10:35

Donald Trump did not reach out to him

10:38

that was a complete lie he also just

10:40

said as you heard that it was basically

10:42

a no risk deal because Donald Trump

10:46

himself collateralized the bond Donald

10:49

Trump had

10:50

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

10:54

and I guarantee you that's one of the

10:56

reasons they're pissed the bond while

10:58

not needed allows Donald Trump to keep

11:01

$175 million liquid to use on his

11:05

presidential campaign Leticia James was

11:08

hoping to break Donald Trump she was

11:10

hoping to the entire

11:13

presidential campaign listen here to

11:15

MSNBC as they breathlessly try to break

11:18

the news that Leticia James may have

11:21

indeed broke Donald Trump breaking news

11:24

in Donald Trump's civil fraud case the

11:26

New York attorney general has filed

11:28

notice questioning

11:29

essentially the financial strength of

11:31

the company that posted his bond and

11:34

whether it can cover the cost I want to

11:36

bring back MSNBC legal correspondent

11:38

Lisa Rubin who is frantically now

11:40

remember you already heard the owner of

11:43

the company say that Donald Trump

11:45

collateralized the bond himself with

11:48

$175 million in cash they just

11:51

completely ignored that looking at our

11:53

phone because this is literally just

11:55

breaking so this is

11:56

$175,000 right million

11:59

y if only it was $175,000 Donald Trump

12:02

is saying $175 million so there's a

12:05

question about whether they're really

12:07

covering it in a sufficient way is that

12:09

it let's go back for a second so this

12:11

morning KN specialty insurance company

12:14

filed a corrected version of the bond

12:16

that it's okay now a lot of people will

12:19

omit that night specialty Insurance went

12:22

in and filed a corrected version of the

12:25

bond so they did give more information

12:28

when she requested it but not not many

12:30

people are even talking about that that

12:32

other guy from Midas Touch never

12:34

mentioned it patched among other things

12:36

it's financial statements and showed

12:38

what its assets were as of the end of

12:40

last year that's December 31st 2023 it

12:43

has over $537 million in assets and what

12:47

the Attorney General's office hm

12:49

interesting the other guy said they

12:51

didn't have any money they were broke

12:53

you know these rich guys they talk

12:55

but they don't have any money he lied

12:57

saying they cash it has on hand is less

13:00

than the bond and they need to know

13:03

because specifically this company is not

13:06

admitted under New York's Department of

13:08

Financial Service it's not a New York

13:10

insurer and because it doesn't have

13:13

qualifications in New York state they no

13:15

no no no no no no okay got to stop you

13:18

there she went from registration to

13:22

qualifications big difference you do not

13:25

have to be registered to issue a bond in

13:28

New York City city that is not the case

13:30

so what is going to happen is because

13:32

you're not registered they they are

13:35

allowed to ask for more information

13:37

because obviously since you're not

13:39

registered you don't have all that

13:40

information on file does not have

13:43

anything to do with the qualifications

13:46

of the company whatsoever you're

13:48

entitled to ask for what's called

13:49

justification of the shy that mean

13:52

that's what you can ask for because

13:54

you're not a registered company in New

13:56

York they can ask for those you know as

13:59

to what you have where' you get the

14:01

money who are you guys yes go ahead I

14:04

will get you all that but it does not

14:06

mean they are not qualified means among

14:08

other things Chris that they want to

14:09

know how is this collateralized what are

14:11

the specific identifiable assets that

14:14

Donald Trump Bingo Bingo Bingo Bingo

14:18

that's what Leticia James wants she

14:21

wants to know Hey listen how was this

14:23

thing collateralize I need to know

14:26

specifically where this

14:28

175 $5 million is I need to know what

14:32

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

14:34

being held I want to know who the

14:36

custodian of the account is she wants

14:39

all this information that's what she

14:42

wants she she already knows that night

14:45

specialty is a huge company I mean

14:47

monstrous company with $23 billion

14:50

dollar under management she knows that

14:53

because I know that I know how to check

14:55

and see what a company's worth that

14:57

company has 23 billion dollar under

15:00

management well above $175 million they

15:04

just don't keep it all in cash so what

15:07

she wants to know is Hey listen we

15:09

understand I heard that Donald Trump

15:10

collateralized this loan himself where

15:12

did he get the money and where is it

15:15

being held right now that's what I need

15:17

to know because you know I I need to

15:19

know all these things I'm Leticia

15:21

fraking James unbelievable unbel they

15:24

will get back this $175 million and up

15:28

to to the value of the Judgment that

15:30

judge andoran had ordered which at this

15:32

point stands over 500 I'm sorry $454

15:36

million if that judgment is upheld

15:38

wasn't that similar to the problem

15:40

Donald Trump himself faced because he

15:42

clearly has a lot of assets the question

15:45

of is are they liquid assets well

15:49

obviously if he put

15:50

$175 million in cash to collateralize

15:55

the bond you're answering your own

15:57

question you're just hoping that your

15:59

stupid audience doesn't understand all

16:02

of this High Finance stuff which I'm

16:04

breaking down for you how quickly for

16:06

example if he needed to could he sell

16:08

something and would it be worth what

16:11

corre would be needed to cover he had

16:13

other problems too right a lot of those

16:15

assets were encumbered and he couldn't

16:17

pledge them because there was already

16:18

somebody essentially in line if you it's

16:21

called a mortgage meaning if I buy a

16:24

piece of real estate and I get a loan to

16:27

buy that piece of real estate that's why

16:30

they call that a first mortgage a first

16:33

position mortgage I don't find that to

16:35

be a problem I have a building it may

16:38

have equity in it it may have great cash

16:40

flow but it's encumbered with a mortgage

16:42

that allows me to buy it when you bought

16:45

your house let's say you bought your

16:46

house five years ago you bought your

16:48

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

16:51

loan you put down $100,000 you had

16:53

$100,000 in equity now that house is

16:56

worth $800,000 you may not have the

16:59

$300,000 in equity in cash but you have

17:03

that but there's still a loan of

17:06

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

17:09

trying to get you too deep into the

17:10

weeds here but that's how it works they

17:12

they're trying to make it seem like

17:14

that's just not something that's

17:16

normally done owe a $125 million

17:19

mortgage for example to an existing

17:21

lender then you can't exactly give that

17:23

over to the attorney general first when

17:25

you've got somebody in line with what's

17:27

called a perfected security interest so

17:29

is a similar problem Trump had even

17:31

greater why is that a problem what that

17:33

to me sounds like good business actually

17:36

doesn't sound that is good business you

17:38

want to make sure that your properties

17:40

are encumbered everybody who tells you

17:42

to go ahead and pay off your property

17:44

they're idiots you want the property

17:47

encumbered why because if you had a a

17:50

home free and clear and it was worth as

17:52

I said $500,000 and somebody sues you

17:55

unless you're in the State of Florida

17:57

which has homesteading laws by the way

17:59

they could take that $500,000 to pay off

18:01

your judgment in the State of Florida

18:03

which she may find out I didn't check to

18:05

see if marago is homesteaded but you

18:08

just can't run around taking people's

18:10

properties that's another thing that

18:11

people don't understand she may try to

18:14

attach properties in New York City she

18:17

may try to go out and put a lean on

18:20

properties in New York City but you just

18:23

don't all of a sudden become the owner

18:25

by virtue of a judgment you still have

18:27

to collect on that judment all the

18:29

people who have been running around

18:30

saying she's going to seize his

18:32

properties it doesn't work that way in

18:34

real estate you have to go ahead and

18:36

place a lean which make basically

18:38

encumbers the property if a guy tries to

18:40

sell it you can try to force a sale in

18:43

terms of try to foreclose on your lean

18:46

but if you try to foreclose on the on on

18:48

the lean you have you have to pay off

18:51

the other mortgages you're not just

18:52

going to wipe them off these people just

18:54

don't lose their money they don't tell

18:56

you this kind of stuff I don't know why

18:58

but they don't they don't even bother

19:00

telling you that kind of stuff your

19:01

problems on his own which is why he went

19:04

to KN specialty insurance company as his

19:07

shter here but here you see the Attorney

19:09

General's office saying what you filed

19:11

this morning is still not enough to

19:13

satisfy us that still not enough to

19:16

satisfy Leticia James and her Puppet

19:18

Masters of course it's enough to satisfy

19:21

the bond the court accepted it so it was

19:24

placed on you know into the court

19:26

registry Hey listen here's this piece of

19:28

paper we got $175 million it completely

19:31

satisfied now she wants to find out

19:34

what's behind that satisfaction you have

19:36

posted a bond that is sufficient to

19:38

cover our judgment if and when we win on

19:41

appeal so now what happens they have 10

19:44

days to file what's called a

19:46

justification of the shy and then there

19:48

will be uh in addition to the motion

19:50

practice a hearing at which the Sher can

19:53

come forward and they have copied for

19:54

example on this motion Amit Shaw who's

19:57

the president of night insurance company

20:00

signed the bond he is copied here

20:02

because he is basically the person on

20:03

whom this is being served you will show

20:05

up you will file these documents to

20:08

explain to no your attorney will show up

20:10

your accountants will file the documents

20:13

what is she talking about ask how this

20:15

is collateralized this is bringing Don

20:17

Hank Bingo did you hear that they want

20:19

to know how it's collateralized Bingo

20:22

they want to know where Donald Trump

20:24

came up with the money and where it's

20:26

being held you got to look behind the

20:28

here most these people on TV have no

20:30

idea what they're talking about they're

20:31

just spouting words or reading what's in

20:33

front of them they can't intelligently

20:35

speak on this stuff and his company a

20:38

whole lot more into this mess than I

20:40

fear that they anticipated okay so then

20:42

the okay now listen to what she says

20:45

here and she's going to say the quiet

20:47

part out loud question becomes what if

20:50

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

20:52

what if the decision is no this isn't

20:55

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

21:00

then Trump will have to obtain a new

21:02

undertaking to prevent Tish James from

21:04

enforcing on the Judgment while he

21:06

appeals right now he has a stay but that

21:09

stay is conditional on his having posted

21:12

this $175 million B wait a second

21:15

remember I said earlier about this being

21:17

an eighth amendment challenge as a

21:20

violation of due process oh he's got

21:22

another step to appeal if they do

21:24

something crazy here he can take this to

21:26

the Supreme Court nobody's men that if

21:30

this bond isn't sufficient according to

21:32

a court then Trump will have to obtain

21:34

another one in Li of it remind us what

21:37

enforcing might mean enforcing could

21:40

mean seizing assets nope ain't going to

21:43

happen before you can do that before you

21:45

can actually go and take a property

21:48

that's a whole other set of hearings as

21:50

well you just don't get a a judgment and

21:53

go I'm just going to take this property

21:55

that's not true you're once you have

21:57

your judgment then you have to do all

21:59

the other stuff in order to enforce the

22:01

Judgment I've been in real estate for 25

22:03

plus years I've bought so many

22:05

properties with judgments on them you

22:07

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

22:09

sit in a court registry that's why when

22:11

you do the title search all that

22:13

information is there it's like hey man

22:14

you got you got a judgment from Sears

22:16

you you got a judgment back like eight

22:18

years ago where you didn't pay your car

22:21

load they they want this paid off before

22:24

they you know you can sell the property

22:26

and then we have to contact the lean

22:29

holder and say listen will you take a

22:31

settlement for this lean that you have

22:33

on the property Sears and JC Penney and

22:35

whoever else you owe they don't just

22:37

walk in and take the property in fact

22:41

the IRS the same way if you have an IRS

22:44

Lan the lean sits on the property until

22:46

the property is sold could the IR res go

22:49

after the house and actually try to sell

22:51

it sure but they've done their due

22:53

diligence and they figure out as well

22:55

man this is going to be really costly

22:57

the homeowner property owner is going to

22:59

fight it the the mortgage holders are

23:01

going to fight it and then all of a

23:03

sudden you're looking at this and going

23:05

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

23:08

just going to let this sit until the

23:09

property sells these guys are

23:11

breathlessly thinking they're just going

23:13

to walk in and change the locks on Trump

23:16

Tower or attach his bank account which

23:18

that ain't going to happen it could mean

23:20

for example seizing bank accounts it

23:22

could also mean taking steps to obtain

23:25

the ownership of assets that are okay

23:28

taking steps that's all they can do at

23:30

that point you can take the steps to

23:33

enforce it which could take years free

23:36

and clear from other mortgages and yeah

23:39

see see how they just slid that in at

23:41

the end what I just told you you have to

23:43

try and get the other mortgage holders

23:45

to either subordinate or you pay them

23:47

off the perfect world Tish James doesn't

23:49

want to get into a war with other

23:51

lenders to whom Donald Trump already

23:53

owes money she'd rather take possession

23:56

of assets or properties that are free

23:59

and clear of other demands good

24:02

luck that's the first person who's

24:04

actually said the truth there you you

24:07

don't just get to take properties that

24:09

are that are already have mortgages on

24:10

them you just don't it just doesn't

24:12

happen so you're going to have to try

24:13

and find stuff that's free and clear and

24:15

good luck with that but she never wanted

24:17

to get into that business in the first

24:18

place which is why the shity is a good

24:21

option for the Attorney General's office

24:22

as well they are a notice what she said

24:25

they never wanted to get in that

24:27

position anyway so if you didn't want to

24:29

get into that position of having to

24:32

seize properties and bank accounts and

24:35

deal with you know subordinate lenders

24:36

and all this other thing why exactly did

24:39

you go through this entire charade why

24:41

are you exactly going to the position of

24:44

we need to find out where this

24:45

collateralization is we need to see how

24:48

much money is there where the money's

24:49

come from why did you go through all

24:51

this they're about to tell you right

24:53

here law enforcement office they are not

24:55

a real estate agency they are not

24:57

interested in conducting a fire sale any

25:00

more than Donald Trump wants to host on

25:01

himself well this is a perfect example

25:04

early in this whole process when we knew

25:06

there were four criminal cases one of

25:07

the things that folks like me was

25:10

constantly asking folks like you is what

25:11

impact it might have on the political

25:14

calendar and one of the things folks

25:16

like you said was these cases can get

25:18

complicated there can be delays there

25:20

can be things like this that happened

25:23

and now it's another thing that's taking

25:25

time and attention for Donald Trump and

25:27

his legal team away

25:29

from other things he has to do like run

25:31

for president and there's your answer

25:33

all of this is to try and get his eye

25:36

off the ball get his eye off the prize

25:39

make him stumble as he's trying to run

25:41

for president that's the entirety of the

25:44

goal right here in my video yesterday I

25:47

said that the word is out that D Mena

25:49

Joe is a puppet do you know who else is

25:51

a puppet Leticia James she doesn't

25:54

strike me as a top tier attorney who has

25:57

the prowess to put all of this charade

25:59

together I bet she has the full power of

26:02

the bid administration's alphabet Mafia

26:05

behind her to go after Donald Trump

26:07

because as you just heard Leticia James

26:10

and New York have nothing to gain with

26:12

this you always need to dig to determine

26:15

who really benefits from all of this and

26:18

those benefactors are the same people

26:21

that are pulling demena Joe's puppet

26:23

strings and as I said yesterday they

26:25

know they can't beat Donald Trump Trump

26:28

they also know that demena Joe can't

26:31

debate Donald Trump it will be thereare

26:33

I say a bloodbath if he has to debate

26:36

Donald Trump so how do you keep your

26:38

puppet safe keep him away from the buzs

26:41

saw keep him away from competition

26:43

that's the goal here keep him away from

26:47

Donald Trump keep Donald Trump off the

26:50

campaign Trail good luck with that it

26:52

doesn't seem to be working but don't

26:54

forget that's what their actual goal is

26:56

here let me know what you think about l

26:58

Tia James going on and on now trying to

27:01

dig in further into this bond company to

27:04

find out where this $175 million Bond

27:08

was collateralized and where that money

27:10

is being held talk to you

27:13

soon

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