See what Trump says he may have to do to pay bond
Summary
TLDRThe transcript discusses the legal and financial troubles of former President Donald Trump, who is accused of inflating asset values and now faces the possibility of having to sell off properties to cover a substantial bond. The conversation includes insights from investigative journalist David Cay Johnston and touches on Trump's portrayal as a billionaire, his 2016 campaign claims, and the potential impact on his public image. The dialogue also addresses Trump's divisive rhetoric, including his comments about Jewish Democrats and the potential consequences of his extreme language.
Takeaways
- ๐ฐ The transcript discusses legal and financial troubles faced by former President Donald Trump, including baseless accusations and conspiracy to overturn an election.
- ๐๏ธ Investigative journalist and law professor David Cay Johnston shares insights on Trump's financial situation and the potential need to sell off assets.
- ๐ฐ Trump's properties are valuable but have underlying mortgages, complicating his ability to secure additional financing.
- ๐ There are allegations of Trump inflating the value of his assets, in some cases claiming they are worth 163 times what the market shows.
- ๐ค Questions are raised about Trump's claimed wealth, as he has long portrayed himself as a billionaire, yet now faces liquidity issues.
- ๐ฃ๏ธ Trump's public statements and social media posts suggest he may need to sell assets, which contradicts his previous portrayal of financial success.
- โ๏ธ Legal proceedings and appeals are ongoing, with Trump having filed an appeal but needing to post a bond or come up with cash in the meantime.
- ๐ฅ There is a possibility of a forced sale of Trump's properties by the state if he fails to meet financial obligations, which could result in a fire sale.
- ๐ฅ Trump's divisive language, including recent comments about Jewish Democrats, is highlighted as a concern for its potential impact on the country.
- ๐จ The transcript raises concerns about Trump's rhetoric escalating to a point where it could incite dangerous actions, as seen in previous events like the January 6th insurrection.
Q & A
What is the main issue being discussed in the transcript?
-The main issue discussed is the legal and financial troubles faced by Donald Trump, including allegations of conspiracy to overturn an election and the need to sell off assets to deal with financial obligations.
Who is David Cay Johnston in the context of the transcript?
-David Cay Johnston is an investigative journalist and law professor at Syracuse University, who is being interviewed to provide insights into Trump's financial situation.
What is the significance of the bond mentioned in the transcript?
-The bond refers to a financial requirement imposed on Trump, which he claims is unconstitutional and unachievable for any company, including his own. It is significant because it highlights his current financial challenges.
Why is Trump's portrayal of himself as a billionaire a point of contention?
-Trump's portrayal as a billionaire is contentious because it has been contradicted by public records and financial disclosures, raising questions about the authenticity of his wealth and the value of his assets.
What is the implication of the term 'fire sale' in the context of Trump's assets?
-A 'fire sale' implies a forced and rapid sale of assets, often at significantly reduced prices. In Trump's case, it suggests that if the state forces the sale of his properties, it could lead to substantial financial losses.
How does Trump's team respond to the claim that he needs to sell off assets?
-Trump's team argues that no billionaire is that liquid and blames underwriters for setting an unrealistically high bond amount, suggesting that they are not willing to go anything over 100 million.
What is the significance of Trump's statement about Jewish Democrats?
-Trump's statement is significant as it is seen as divisive and potentially anti-Semitic, further highlighting his controversial communication style and its impact on different communities.
What is the concern regarding Trump's use of extreme language and predictions?
-The concern is that Trump's use of extreme language, such as 'bloodbath' and 'bedlam', could incite violence or unrest, especially considering his influence over his followers and the events of January 6th.
How does the transcript suggest Trump's view on the presidency?
-The transcript suggests that Trump views the presidency as his only way out of his current legal and financial troubles, indicating a desperate situation and a potential motivation for his political actions.
What is the role of the monitor mentioned in the transcript?
-The role of the monitor, in this context, is to ensure that the sale of Trump's properties, if it occurs, is conducted in a way that maximizes the highest value, protecting the interests of all parties involved.
What is the potential impact of Trump's financial and legal issues on his political career?
-The potential impact could be significant, as it challenges his image as a successful businessman and could affect his credibility and support among voters, particularly those who were drawn to his portrayal of wealth and success.
Outlines
๐๏ธ Legal Troubles and Financial Woes
This paragraph discusses the legal and financial challenges faced by Donald Trump. It highlights his baseless accusations and conspiracy to overturn a free and fair election. The conversation involves law professor David Cay Johnston, who shares insights into Trump's financial situation, suggesting that Trump may need to sell off assets due to underlying mortgages and inflated asset values. The discussion also touches on Trump's public image as a billionaire and the discrepancy between his claims of wealth and the reality of his financial situation.
๐ฌ Trump's Brand and Divisive Rhetoric
This paragraph focuses on the impact of Trump's financial troubles on his personal and political brand, which has long been associated with wealth and success. It also addresses his divisive rhetoric, particularly his comments about Jewish Democrats and the potential dangers to the country if he does not win the presidency. The conversation includes reactions from former Republican and Joe Walsh, as well as founder of Democracy Docket, Marc Elias, who express concern over Trump's language and the potential consequences of his words.
Mindmap
Keywords
๐กConspiracy
๐กElection Preference
๐กFinancial Situation
๐กInflating Assets
๐กBillionaire
๐กFire Sale
๐กUnderwriters
๐กAppeal
๐กDivisive Rhetoric
๐กAccountability
๐กInsurrection
Highlights
Legal troubles for former President Biden equated to election preference, despite not being the current President.
Investigative journalists and law professor David Cay Johnston discusses the financial situation of Donald Trump.
Trump may have to sell off assets due to financial constraints, as he has properties with underlying mortgages.
The issue of Trump inflating the value of his assets, claiming them worth more than what the market shows.
Trump's previous claims of being a billionaire called into question by David Cay Johnston.
Trump's portrayal of himself as a successful billionaire contrasted with the current situation of needing to sell assets.
Trump's claim of being worth over $10 billion during his campaign announcement.
The requirement for Trump to post a $1 billion bond and his difficulty in doing so.
Trump's potential financial maneuvers to handle the bond requirement.
The possibility of the state forcing the sale of Trump's properties if he fails to post the bond.
Trump's past legal issues and his approach to handling them.
The divisive rhetoric used by Trump, including comments about Jewish Democrats.
Concerns about Trump's extreme language and its potential impact on the country.
The perception of Trump as a victim and how his followers respond to his rhetoric.
The potential consequences of Trump's actions and rhetoric if he were to lose the presidency.
The importance of not discounting Trump's rhetoric as empty, given the events of January 6th.
The view that winning the presidency is Trump's only way out of his current legal and financial troubles.
Transcripts
>> YOU WERE
>> ALIVE IN THE CNN NEWSROOM
RULING ON TRUTH MAKE BASELESS
ACCUSATIONS. THAT IS LEGAL
TROUBLES EQUATE TO ELECTION
PREFERENCE, DESPITE THE FACT
THAT IS HE NOT PRESIDENT BIDEN,
WHO'S CHARGED WITH CONSPIRACY
TO OVERTURN A FREE AND FAIR
ELECTION, JOINING ME NOW IS LAW
PROFESSOR AT SYRACUSE
UNIVERSITY INVESTIGATIVE
JOURNALISTS, DAVID CAY
JOHNSTON. DAVID, GOOD
MORNING THIS
>> TRUTH, SOCIAL
>> POST WE OBVIOUSLY DON'T PUT
ALL OF THEM ON TV, BUT THIS ONE
STOOD OUT AS IT JUST CAME OUT
EARLIER THIS MORNING HE IS
BASICALLY SAYING HE'S GOING TO
HAVE TO SELL OFF ASSETS TO GET
OUT OF THIS SITUATION THAT
HE'S IN. YOU'VE BEEN LOOKING
INTO WHO IS FINANCIAL SITUATN
FOR YEARS? WHAT DO YOU MAKE OF
ALL THIS? IS HE GOING TO HAVE
TO SELL OFF ASSETS? IS THAT
COMING MAYBE SOON
>> I THINK IT . AND I THINK
IT'S SOON. DONALD HAS SOME
PROPERTIES THAT ARE VALUABLE,
BUT THEY HAVE UNDERLYING
MORTGAGES AND JUST LIKE HAPPENS
TO A HOMEOWNER, DONALDACES
THIS PROBLEM YOU HAVE A FIRST
MORTGAGE ON YOURROPERTY. YOU
NEED SOME MONEY. YOU SAY I'LL
GET A HEEL OFFER A SECOND
MORTGAGE THE FIRST BANK HAS TO
AGREE, AND I THINK IT'S PRTY
CLEAR THE FIRST BANKS ARE NOT
WILLING TO AGREE. SO THAT'S
VERY LIMITING ON DONALD AND THE
REASON THEY'RE LIKELY NOT TO
AGREE IS EXACTLY WHAT THIS CASE
IS ABOUT. INFLATING THE VALUE
OF ASSETS, CLAIMING THEIR
WORTH. IN SOME CASES, 16.30
TIMES WHAT THE MARKET SHOWS
THAT THEY'RE WORTH YEAH I MEAN
DAVID, I GUESS THERE'S THE
ISSUE OF I MEAN, DOES HE HAVE
THE MONEY
>> I
>> YOU KNOW, FOREARS HE HAS
TOLD THE AMERICAN PEOPLE HE'S A
LLIONAIRE. HE'S RICH
>> HE HAD A
>> SHOW ALL ABOUT THIS. THE
APPRENTICE. HE WASN'T HOME
ALONE TWO AND SO ON. I MEAN,
THIS HAS BEEN HIS LIFE
PORTRAYING HIMSELF AS THIS YOU
KNOW AMERICAN STORY OF A
BILLIONAIRE WHO IS LARGER THAN
LIFE. AND THEN ALL OF A SUDDEN
HE'S SAYING YOU KNOW, WHAT'S
GOING ON. I HAVE TO SELL OFF
ALL MY ASSETS GEN. THIS HAS
ALWAYS BEEN A CON WABACK IN
1990 WHEN I SHOWED THE TRUMP
WAS IN A BILLIONAIRE, HE WENT
AROUND FOR A COUPLE OF MONTHS
CALLING ME
>> A LIAR UNTIL HE HAD TO PUT A
DOCUMENT AND PUBLIC RECORD THAT
SHOWED THAT HE WAS NOT A
BILLIONAIRE AND LATER A
DOCUMENT SHOWING HE WAS WORTH
-320 $5 MILLION WHICH MES YOU
AND I ARE WORTH MORE THAN
DONALD TRU, AT LEAST AT THAT
TIME
>> TODAY. IT'S THE SAME THING
NINE YEARS AGO WHEN HE CAME
DOWN ESCALATOR TO ANNOUNCE HIS
CAMPAIGN, HE SAID HE WAS WORTH
MORE THAN 10 BILLION. IF YOU'RE
WORTH $10 BILLION, COMING UP
WITH A HALF 1 BILLION MAY BE
PAINFUL, BUT IT ISN'T THAT
HARD.
>> YEAH. AND HE IS SAYING THIS.
I MEAN, WE PUT THIS UP ON
SERINE, SAYS THAT THIS BOND
THAT HE ASKED TO PAY HIS QUOTE
UNCONSTITUTIONAL UN-AMERICAN
U
IMPOSSIBLE FOR ANY COMPANY,
INCLUDING ONE AS SUCCESSFUL AS
MINE AGAIN, I MEAN, WHAT WE MAY
BE WITNESSING IN THE COMING
DAYS, HE HAS NO CHOICE.
>> RIGHT? HE IS GOING TO HAVE
TO DO SOMETHING, MAKE SOME KIND
OF FINANCIAL MANEUVER HERE. IN
ORDER TO POST THIS BOND RIGHT,
HE HAS EVERY RIGHT TO APPEAL.
HE'S ALREADY FILED AN APPEAL
AND THAT WILL PROCEED. BUT IN
THE MEANTIME, UNLESS HE COMES
UP WITH THE BOND OR CASH OR
PERSUADES THE INTERMEDIATE
APPELLATE COURT IN NEW YORK TO
GET ALLOW HIM TO POST A SMALLER
AMOUNT OF MONEY HE WANTS TO PUT
UP $100 TROPIC TELLS YOU HOW
MUCH CASH HE HAS ACCESS TO THEN
THE STATE CAN MOVE TO BEGIN
FORCING THE SALE OF HIS
PROPERTIES AND THE STATE WILL
HAVE A DUTY AS WILL THE MONITOR
TO MAXIMIZE HIGHEST VALUE. BUT
THIS IS A RE SALE GYM. IT
WOULD BE A FIRE SALE IF THE
STATE DOES IT, IT'LL BE A FIRE
SALE. IF DONALD DO IT AND
HE'S KNOWN THIS IS COMING FOR
MONTHS AND HE HASN'T SET
HIMSELF UP TO TAKE CARE OF IT
AND HE CONTINUES TO ATTACK THE
JUDGE IN THE CASE AND THE OTHER
CIVIL SERVANTS OVERSEEING THESE
TRIALS, DESPITE BEING
REPEATEDLY TOLD D2
>> I MEAN, IS THERE ANYTHING AT
THIS POINT THAT GETS HIM TO
THIS ENORMOUS BOND, I SUPPOSE
YEAH, NO, THIS IS THIS IS JUST
COUP DONALD IS IN THE 2016
CAMPAIGN. HE WAS ASKED, WELL,
SINCE YOU'RE A CHRISTIAN, WHEN
WAS THE LAST TIME YOU ASK GOD
FOR FORGIVENESS AND DOWN SAID
WHAT WHAT, WHY WOULD I DO THAT?
I'VE NEVER DONE ANYTHING IN MY
LIFE THAT REQUIRES ASKING
FORGIVENESS THAT'S WHO HES.
HE BELIEVES THAT HE'S SPECIAL,
THAT WE SHOULD TREAT HIM AS
SPECIAL, AND THAT ANYTHING THAT
GOES AGAINST HIM WHILE YOU'RE
THE BAD GUY, THAT'S SOMETHING
THAT NOTORIOUS ROY COHN, TATI
LAW ENFORCEMENT COMES AFTER YOU
ATTACK THEM. THEY'RE DISHONEST,
THEY'RE CORRUPT. YOUR PURE AND
CLEAN
>> AND EVEN IF IT'S OBVIOUS
THAT SOMETHING YOU SAID ISN'T
TRUE, OR DID IS WRONG. YOU
NEVER, EVER GIVE AN INCH. YOU
JUST MAINTAIN YOUR LIVES AND
HE'S VERY GD AT DOING THAT
JOB
>> ALL RIGHT. DAVID CAY
JOHNSTON, I KNOW YOU'RE AN
EXPERT ON ALL THIS. THANK YOU
VERY MUCH FOR GIVING US YOUR
TIME THIS MORNING. WE REALLY
APPRECIATE IT.
>> ALL RIGHT. LET'S DISCUSS
MORE NOW. IT'S CNN'S KRISTEN
HOLMES, FORMER REPUBLICAN AND
JOE WALSH AND FOUNDER OF
DEMOCRACY DOCKET. MARC ELIAS
GUYS THANKS VERY MUCH FOR BEING
ON WITH HIS MARK. YOU'RE THERE
IN THE STUDIO. I'VE GOT
KRISTEN AND JOE NEXT TO ME, A
CRYSTALLINE START WITH YOU
FIRST. I MEAN, I WAS TALKING
ABOUT THIS WITH DAVID JUST A
FEW MOMENTS AGO FOR ARS. AND
YOU AND I KNOW THIS, WE'RE OUT
ON THE CAMPAIGN TRAIL TOGETHER.
TRUMP AND HIS AIDES AND HIS
ALLIES HAVE TALKED ABOUT HOW
MUCH MONEY HE HAS, HOW RICHIE
AS IT'S ALL OF A SUDDEN NOW
HE'S SAYING HE HAS TO SELL OFF
THESE ASSETS. HOW DOES TRUMP
WORLD MAKE ANY SENSE OF THIS?
WHAT DO THEY SAY?
>> WELL, ONE THING TO NOTE ALSO
IS THAT IT'S KIND OF HIS
PROFESSIONAL BRAND AND HIS
POLITICAL BRAND. YEAH, HE TELLS
PEOPLE, OH, LOOK HOW RICH I AM.
I COULD MAKE YOU THIS RICH IF
YOU LIKE ME INTO OFFICE AND
THAT REALLY WAS A SELLING POINT
FOR HIM IN 2016, PARTICULARLY
WHEN YOU TALK TO WORKING CLASS
VOTERS. NOW, IF YOU, HIS TEAM
ABOUT WHAT EXACTLY THEY'RE
DOING OR WHAT THEY THINK OF
THIS THEY POINT TO TWO THINGS.
THEY ARGUE THAT THERE'S NO
BILLIONAIRE ON THIS PLANET. WHO
IS THAT LIQUID? WHO COULD COME
UP WITH THIS AMOUNT OF MONEY.
THEY ALSO BLAME THE
UNDERWRITERS AND THEY SAY THAT
THEY'RE NOT GOING TO GO
ANYTHING OVER 100 MILLION. AND
IF YOU DO TALK TO FINANCIAL
EXPERTS, THERE'S A LITTLE BIT
OF A GRAY AREA THERE BECAUSE
USUALLY YOU D'T HAVE TO COME
UP WITH HALF 1 BILLION.
>> IT'S A MASSIVE AMOUNT OF
RIGHT, SO IT'S
>> NOT LIKE THERE'S A PRECEDENT
FOR THIS THAT HE ARE SAYING
THIS AND IT'S NOT TRUE, IT'S
JUST LIKE WELL, LOT OF THESE
UNDERWRITERS AND URBAN ASKED
ABOUT HALF 1 BILLION. THEY'VE
BEEN ASKED ABOUT LOWER SAAB'S
>> BUT AS DAVID WAS SAYING,
THEY'VE KWN ABOUT THIS FOR
MONTHS IT'S NOT THAT HE JUST
HAD TO BECOME LIQUID OVERNIGHT.
THEY HAD TIME TO DEAL WITH IT.
SO THE QUESTION IS, WHAT
EXACTLY HAPPENS NEXT, YOU CAN
HEAR, OBVIOUSLY DONALD TRUMP IS
RANTING ON SOCIAL MEDIA SAYING
THIS IS UNFAIR. I'M GOING TO
HAVE TO SELL MY ASSE. I THINK
>> THEY HOPE THAT THERE IS
GOING TO BE A STOP TO THIS SO
THAT WHEN THEY CAN HELIX
THAT'S AT HE'S ARGUING FOR,
THAT HE WANTS TO SAY THAT HE
DOESN'T HAVE TO PAY UNTIL
AFTER HIS APPEALAND THAT'S
SOMETHING WE'LL COME THROUGH,
BUT IT'S ALWAYS ABOUT DELAY,
DELAY, DELAY.
>> HOW FAR CAN WE PUSH THIS
OFF? ZACH
>> WHEN THE BILL COMES TO
ENJOY, DID WANT TO ASK YOU IN
MARK, I WANTED TO TALK TO YOU
ABOUT THIS AS WELL. TRUMP'S
CONTINUING USE OF THIS EXTREME
VERY VOLATILE LANGER WHICH LAST
NIGHT HE MADE SOME COMMENTS
ABOUT JEWISH DEMOCRATS IN
ISRAEL. JOE, YOU AND I'VE
TALKED ABOUT ISRAEL LOTS OF
TIMES. LET'S LISTEN TO THIS,
TALK ABOUT THE OTHER SIDE
>> ANY JEWISH PERSON THAT VOTES
FOR DEMOCRATS HATES THEIR
RELIGION. THEY ATE EVERYTHING
ABOUT ISRAEL AND THEY SHOULD BE
ASHAMED OF THEMSELS HOUSE
BECAUSE ISRAEL WL BE
DESTROYED
>> YEAH, JOE, WHAT DID YOU
THINK WHEN YOU SAW THAT
>> IT'S IT'S JUST DIVISIVE
EVERY SINGLE WORD GYM THAT HE
IS UTTERING AND WILL UTTER
DURING THIS CAMPAIGN IS
DIVISIVE, DIVIDING JEWISH
PEOPLE, DIVIDING AMERICANS
IT'S, IT'S NOT GOING TO STOP.
LET'S, HE'S THE LEADER OF THE
REPUBLICAN PARTY. HE'S THE
REPUBLICAN PAR NOMINEE. HE'S
BEEN A FRAUD AND A CON MAN HIS
WHOLE LIFE. IN THIS ENTIRE
CAMPAIGN, JIM IS GOING TO BE
ABOUT HIM BEGINNING TO BE HELD
ACCOUNTABLE. FOR THOSE CRIMES
IN ALL THESEONNA DO IS CRY
AND MOAN ABOUT IT. BUT HIS
FOLLOWERS LOVE IT BECAUSE HE'S
THE GREAT VICTIM.
>> AND WHAT ELSE IS YOU'RE
GOING TO SAY AT THIS POINT? BUT
MARK, I DIDN'T WANT TO GO TO
YOU ON THIS BECAUSE I MEAN,
THERE WAS ALSO WHAT TRUMP WAS
SAYING OVER THE WEEKEND. HE
EXTREME TERMS ABOUT THE ERY
POTENTIAL DANGEROUS TO THE
COUNTRY IT DOESN'T WIN IN
NOVEMBER, HE'S USED WORDS LIKE
BLOODBATH AND BEDLAM. WHAT ARE
SPEAKING IN THESE TERMS? AND
WHAT DOES IT MEAN FOR THE
COUNTRY
>> YES SO FIRST OF, ALL LET ME
JUST SAY, I A PROUD JEWISH
DEMOCRAT.
>> I WAS, I WAS
>> I HAD BEEN A DEMOCRAT MY
ENTIRE LIFE. I'VE BEEN A JEW MY
ENTIRE LIFE. I HAVE IN A LOVING
COMMUNITY OF FAMILY AND OTHER
JEWS WHO ARE PROUD DEMOCRATS.
AND SO DONALD TRUMP IS SOWING
THE SAME KIND OF ANTI-SEMITIC
AND WRONGFUL LIFE THAT HE HAS
THROUGHOUT HIS ENTIRE CAREER.
BUT TO YOUR QUESTION JIM WE SAW
IN 2020 THAT DONALD TRUMP WOULD
SAY A LOT OF OUTRAGEOUS THINGS.
AND IT WAS DISCOUNTED BY, BY
MANY, MANY REPUBLICANS AND TOO
MANY WELL-INTENTIONED PEOPLE AS
JUST EMPTY RHETORIC THAT YOU
SHOULD, YOU SHOULD TAKE HIM
FIGURATIVELY, BUT NOT
LITERALLY. WELL, JANUARY 6
SHOWED US THAT WHEN HE WANTS AN
INSURRECTION, HE WILL SUMMON AN
INSURRECTION. WHEN HE SAYS HE,
THERE WILL BE A BLOODBATH. IT
IS TIME THAT WE STOPPED
DISCOUNTING IT AND SP FINDING
HI, IS THAT HIS BACKS AGAINST
THE WALL? HIS BACK IS AGAINST
THE WALL IN THE CIVIL CASES IS
BACK AS AGAINST THE WALL ITHE
CRIMINAL CASES THAT COULD SEND
HIM TO PRISON. AND HE VIEWS AS
WINNING THE PRESIDENCY AS HIS
ONLY TICKET OUT. SO AS
DESPERATE AS HE WAS IN 2020, AS
WILLING HIS HE WAS TO BREAK THE
RULE OF LAW IN 2020 AND AND TO
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