BREAKING: Court finally issues ruling on Trump’s request to delay bond

Brian Tyler Cohen
25 Mar 202406:01

Summary

TLDRA New York appeals court has granted a reduced bond requirement for Donald Trump in his $455 million fraud case, allowing him to post a $175 million bond instead of the initial $500 million. The court also lifted some restrictions on Trump's business activities and his sons, but maintained an independent monitor's oversight. This decision does not免除 Trump from the $455 million debt but provides a temporary reprieve while his appeal is ongoing.

Takeaways

  • 💰 A New York appeals court reduced Trump's required bond from $455 million to $175 million in his fraud case.
  • 🔒 The court temporarily lifted some restrictions, allowing Trump and his adult sons more operational freedom in New York.
  • 🛡️ The judgment against Trump for $455 million still stands; the bond reduction only affects asset seizure during the appeal process.
  • 🏆 Attorney General Letitia James insists Trump remains accountable for 'staggering fraud', despite the bond reduction.
  • 📖 Trump criticizes the case against him on social media, claiming it's unprecedented and challenging for any company to meet.
  • 📺 Fox News refutes Trump's claim about the bond's unprecedented size, citing examples of larger bonds in the past.
  • 📈 Trump's inability to secure the original bond is speculated to be due to his assets being heavily leveraged or his wealth being overstated.
  • 🚫 The script criticizes the appeals court for allegedly showing Trump preferential treatment in reducing the bond.
  • 👋 The narrative encourages active civic engagement to counter Trumpism and emphasizes the importance of voting.
  • 📚 The video ends with a call to action for viewers to support progressive media by subscribing to the channel.

Q & A

  • What was the initial bond amount Trump was ordered to pay in the fraud case?

    -The initial bond amount Trump was ordered to pay was $455 million.

  • What was the outcome of Trump's request to the appeals court regarding the bond amount?

    -The appeals court granted Trump a reduced bond amount of $175 million.

  • How much time was Trump given to secure the reduced bond?

    -Trump was given 10 days to secure the reduced bond of $175 million.

  • What restrictions were initially put in place by Judge Goran?

    -Judge Goran initially prohibited Trump from running a New York company, getting a loan from a New York bank, and extended these restrictions to his adult sons for 2 years.

  • What was the role of the independent monitor, Barara Jones, in the case?

    -Barara Jones was appointed to oversee Trump's business finances as an independent monitor.

  • What does the reduced bond amount mean for Trump during his appeal?

    -The reduced bond amount means that Trump only needs to put forward $175 million while appealing to prevent Attorney General Laticia James from seizing his properties.

  • What was Trump's claim about the bonding company's inability to post the bond?

    -Trump claimed that the bonding company had never heard of such a bond of this size before and that they did not have the ability to post it, even if they wanted to.

  • How did Laticia James respond to Trump's claim about the unprecedented bond amount?

    -Latica James pointed out that there have been larger bonds in history, citing examples from public companies, and emphasized that the bond amount is related to the size of the judgment.

  • What are the two possible reasons Trump could not secure the bond according to the script?

    -The two possible reasons are that Trump's wealth is heavily tied up in leveraged real estate or that he does not have the wealth he claims to have.

  • What is the main argument against the appeals court's decision to reduce the bond?

    -The main argument is that the appeals court is providing special treatment to Trump, which would not be extended to any other defendant, and that this decision is based on his portrayal as a victim.

  • What is the call to action for the audience in response to the situation described in the script?

    -The call to action is for the audience to participate in the democratic process, particularly in the November elections, to ensure a strong repudiation of Trumpism and to prevent the GOP from continuing to espouse Trump's agenda.

Outlines

00:00

📜 Court Ruling on Trump's Fraud Case

The first paragraph discusses a recent appeals court decision in New York regarding Donald Trump's $455 million fraud case. The court granted Trump a reduced bond requirement, allowing him to post a $175 million bond instead of the initial $500 million. This development gives Trump a ten-day window to secure the bond. The court also lifted some restrictions imposed by Judge Goran, which previously prevented Trump from operating a New York company or obtaining a loan from a New York bank, extending these restrictions to his adult sons for two years. However, the court maintained the appointment of an independent monitor, Barabara Jones, to oversee Trump's business finances. It's emphasized that this ruling does not absolve Trump of the $455 million he owes but rather reduces the amount he needs to post for his appeal against Attorney General Laticia James's seizure of his properties. The paragraph concludes with Laticia James asserting that Trump still faces accountability for his alleged fraud.

05:00

🗳️ The Importance of Public Participation in Upcoming Elections

The second paragraph shifts focus from the court ruling to the broader political landscape, emphasizing the importance of public participation in the upcoming elections. It argues that while the court's decision may seem favorable to Trump, it should not deter the public from engaging in the democratic process. The speaker encourages viewers not to feel helpless or defeated by the perception that the system is rigged. Instead, they should be motivated to work harder to prevent Trump and his allies from gaining more power. The paragraph ends with a call to action, urging viewers to subscribe to the channel to support progressive media and spread the message to a wider audience.

Mindmap

Keywords

💡Trump's $455 million fraud case

This refers to a legal case in which former President Donald Trump is implicated, with allegations of fraud amounting to $455 million. The case is central to the video's narrative as it discusses the court's decision on the bond requirement and its implications for Trump's financial obligations and business operations.

💡Bond requirement

A bond requirement is a stipulation by a court that a defendant must secure a certain amount of money as a guarantee while appealing a legal decision. In this context, it relates to Trump's need to post a bond to prevent the seizure of his properties during his appeal.

💡Appeal

In legal terms, an appeal is a formal request for a higher court to review and potentially overturn or modify the decision of a lower court. In this video, Trump's appeal of the fraud case is a central issue, with the bond requirement being a significant aspect of the proceedings.

💡Attorney General Laticia James

Attorney General Laticia James is the elected official responsible for representing the state of New York in legal matters, including this fraud case against Trump. She is a key figure in the video as her office is pursuing the case and asserting that Trump is still liable for the full $455 million.

💡Independent monitor

An independent monitor is an external party appointed by a court to oversee and ensure compliance with court orders or settlements, especially in complex or high-profile cases. In this instance, the monitor, Barrara Jones, is tasked with overseeing Trump's business finances as part of the court's ruling.

💡Real estate

Real estate refers to land and any permanent structures attached to it, such as buildings. In the context of the video, Trump's wealth is largely tied up in real estate, which is significant because it affects his ability to secure a bond by leveraging the value of his properties.

💡Leverage

In finance, leverage refers to the use of borrowed money to increase the potential return on an investment. In the video, it is suggested that Trump's real estate is heavily leveraged, meaning that it is already pledged as collateral for loans, which complicates his ability to secure additional financing through a bond.

💡Trump's brand

Trump's brand refers to the public image and perception associated with Donald Trump, which includes his business ventures, personal wealth, and public persona. The video argues that Trump's brand is predicated on the idea of being wealthy and savvy, despite a history of business failures.

💡Trumpism

Trumpism refers to the political ideology, policies, and rhetoric associated with former President Donald Trump. In the video, it is portrayed as a political force that the speaker believes should be repudiated to ensure the GOP's political viability.

💡Political party

A political party is an organized group of people who share a common ideology and work together to promote their views, elect candidates to public office, and implement policies. In this context, the speaker is discussing the Republican Party (GOP) and its association with Trumpism.

💡Court system

The court system refers to the organized hierarchy of courts in a country, responsible for interpreting and applying laws, resolving disputes, and upholding justice. The video criticizes the court system for allegedly providing special treatment to Trump, which the speaker views as problematic.

Highlights

A New York appeals court issued a ruling in Trump's $455 million fraud case.

Trump sought a smaller bond or to forego the bond requirement altogether.

The court granted Trump a reduced bond of $175 million.

Trump now has 10 days to secure the $175 million bond.

The court paused some restrictions put in place by Judge Goran.

The restrictions included limitations on Trump running a New York company and getting a loan from a New York bank.

The prohibitions were also extended to Trump's adult sons for 2 years.

The court maintained the extension of an independent monitor, Barara Jones, to oversee Trump's business finances.

Trump still owes $455 million and the judgment stands.

Attorney General Laticia James emphasized Trump's ongoing accountability for his fraud.

Trump was unable to secure a bond for $500 million even after approaching over 30 bond companies.

The unprecedented size of the bond was disputed, with examples given of larger bonds in history.

The purpose of the bond is to secure funds for the plaintiff, in this case, the state of New York.

Trump's inability to secure the bond suggests his wealth is tied up in leveraged real estate or that he does not have the wealth he claims.

Trump's history of failed ventures was highlighted, questioning the image of success he projects.

The appeals court's decision to reduce the bond for Trump was criticized as special treatment.

The importance of public participation in preventing a second Trump presidency was emphasized.

The responsibility to defend democracy and the Constitution was placed on the public.

The video concludes with a call to action for viewers to support progressive media.

Transcripts

00:00

some breaking news here A New York

00:01

appeals court has issued a ruling in

00:03

Trump's $455 million fraud case where

00:06

Trump was seeking either a smaller Bond

00:08

or to forego the bond requirement

00:09

altogether the court has handed Trump a

00:11

Lifeline in the form of a reduced Bond

00:14

he'll now have 10 days to secure a $175

00:17

million Bond down from the half a

00:19

billion dollars he was initially slated

00:21

to pay the court also paused a few of

00:23

the restrictions that were put in place

00:24

by judgeing Goran including the

00:26

prohibition on Trump's ability to run a

00:27

New York company to get a loan from a

00:29

New York bank and for those prohibitions

00:31

to extend to his adult sons for 2 years

00:34

the court did leave in place however the

00:36

extension of an independent monitor

00:37

barara Jones to oversee Trump's business

00:39

finances now a few points here this does

00:42

not mean that he'll no longer owe $455

00:44

million it's simply means that while he

00:46

appeals his verdict to prevent attorney

00:48

general Laticia James from seizing his

00:50

properties the amount that he'll have to

00:52

put forward is $175 million if he can't

00:55

find that amount then the AG can start

00:57

seizing those properties but in the

00:58

meantime the 75 million would otherwise

01:01

satisfy that requirement to that point

01:03

Laticia James said that Trump is still

01:05

facing accountability for his staggering

01:07

fraud and that the Judgment still stands

01:10

this all comes after Trump was

01:11

reportedly unable to secure a bond for

01:13

half a billion dollars owed even after

01:15

approaching more than 30 bond companies

01:17

Trump himself took the truth social and

01:19

wrote racist Leticia james' unlawful

01:21

Witch Hunt is unconstitutional

01:23

unamerican unprecedented and practically

01:25

impossible for any company including one

01:27

as successful as mine the bonding

01:29

company have never heard of such a bond

01:31

of this size before nor do they have the

01:33

ability to post such a bond even if they

01:35

wanted to which prompted this response

01:38

on Fox news of all places we've also

01:40

heard there's a lot of uh talk about

01:42

this is unprecedented amount of money

01:44

this has never happened before but

01:45

that's actually not true let's take a

01:47

look this is from Laticia James the

01:49

Attorney General's own court papers I'm

01:50

going to show it to you right now there

01:52

have been bigger Bonds in in the history

01:55

look from1 billion dollars to1 and a

01:57

half billion dollarss that was a

01:58

Carnegie melon uh patent casee those are

02:01

public companies uh what is about the

02:04

argument that this has never been this

02:05

big for a private company while there

02:07

have been billion dollar Bond secured

02:11

before yeah I think that you know it's

02:13

certainly true there' have been large

02:14

bonds it all has to do with the amount

02:15

of the Judgment itself and here you've

02:17

got half billion dollar judgments you're

02:19

talking about a lot of money the purpose

02:21

of the bond is to secure those funds for

02:23

the plaintiff here the state of New York

02:26

at the end of the appeal to make sure

02:27

they can collect and so it says hey if

02:28

you're if you're a defendant want to

02:30

appeal you can do that but we have to

02:31

make sure to save the money in case the

02:33

plaintiff gets to collect it and so the

02:35

the bond is huge there's no reason it

02:37

can't be split up into smaller bonds you

02:39

know you could do five bonds issued by

02:41

five different companies for $100

02:42

million and I suspect Trump's team is

02:45

looking at that the reality is that

02:46

Trump couldn't secure the bond not

02:48

because it's impossible or unprecedented

02:51

but for one of two reasons one his

02:53

wealth is tied up in real estate that's

02:54

clearly leveraged to within an inch of

02:56

its life and I say that because if it

02:58

wasn't leveraged he could easily secure

03:00

a bond against the value of one of those

03:01

properties which are easily worth at

03:03

least hundreds of millions of dollars

03:05

the other reason Trump simply doesn't

03:08

have the wealth that he claims to have

03:10

and that's what Trump doesn't want to

03:11

admit because his whole brand is

03:13

predicated on this bogus notion that

03:15

he's rich and Savvy when clearly he is

03:17

neither of those things all he has to

03:19

show for himself is a lifetime of failed

03:21

licensing deals that have all gone up in

03:24

Flames Trump Airlines Trump Stakes Trump

03:26

vodka Trump mortgage Trump wine Trump

03:28

magazine Trump univers Trump casinos all

03:31

failures all leading to a presidency

03:33

that ended in two impeachments four

03:35

indictments and 91 criminal charges

03:38

Trump wants to convey an image of

03:39

success but all he has to show for

03:41

himself are failures as for the courts

03:44

frankly it is a joke that the appeals

03:46

court is carving out some special

03:48

treatment for Donald Trump if it was

03:50

anyone else I'd be hardpressed to

03:52

imagine them doing something similar but

03:53

because it's Trump the court made this

03:55

exception he frames himself as the

03:57

world's biggest victim when in fact he

03:59

enjoys more benefits carve outs and

04:02

special treatments than anyone else on

04:03

the planet if you're wondering what the

04:06

Practical effect of his constant whining

04:08

is it's this it is convincing an appeals

04:10

court that in fact he is being

04:12

mistreated and so to try and quell any

04:14

further complaining they might as well

04:16

just throw him a bone of course he will

04:18

never stop complaining he will never

04:19

stop framing himself as the Perpetual

04:21

victim but no one in positions of power

04:23

really seem to understand that and so

04:25

they just let him continue rolling them

04:27

but what this shows us is clear we can

04:29

cannot rely on the course to save us

04:31

we've never been able to rely on the

04:32

course to save us in terms of defending

04:34

this country from the dangers of a

04:35

second Trump presidency that is up to us

04:38

we have to turn out in November we have

04:40

to make sure that the margins are Beyond

04:42

dispute we have to deliver such a

04:43

repudiation of trumpism that the GOP

04:46

realizes that it will not be viable as a

04:48

political party so long as it continues

04:50

to espouse Trump's agenda that's all on

04:52

us does it suck that no institutions in

04:54

this country seem to be up for the task

04:56

that is defending the court system

04:58

defending the Constitution defending

05:00

democracy absolutely but that's the

05:02

reality so the onus is on us to save it

05:05

so I get that the inclination might be

05:07

to throw up your hands in despair but

05:08

remember that is what Trump and his

05:10

cronies want they want you to feel

05:12

helpless they want you to feel like the

05:14

system is rigged against you they want

05:16

you to feel like you can't win so do not

05:18

reward those people by giving them

05:20

exactly what they want let this inspire

05:22

you to work harder and to ensure that

05:24

they don't gain power if your votes and

05:26

your participation really didn't matter

05:28

they wouldn't be working so hard hard to

05:29

take them

05:31

[Music]

05:32

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05:34

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05:35

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05:37

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05:43

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05:47

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05:48

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05:50

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05:51

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05:53

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05:55

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05:56

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05:58

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