NYC Protest BeginsπŸ”₯Truckers Block New York! INVESTORS Boycott NY & Warns NY AG Letitia James

US Immigration
22 Mar 202416:39

Summary

TLDRFormer President Donald Trump faces a $500 million bond requirement in his New York civil fraud case, with a Monday deadline. Trump claims to have the funds but may not be able to access them due to business operations and the recent merger deal making his Truth Social company public. Failure to meet the bond requirement could lead to New York Attorney General Letitia James seizing Trump's properties, an action seen by some as politically motivated and damaging to the American brand. The situation has raised concerns about the stability and fairness of the U.S. financial markets and the potential impact on businesses and investors.

Takeaways

  • 🏦 Donald Trump claims to have nearly $500 million to cover the bond in his New York civil fraud case, but there's uncertainty about whether he will pay by the Monday deadline.
  • πŸ“‰ Trump criticizes the 'massive bond warning' on Truth Social, arguing that his case is affecting businesses' willingness to relocate to New York due to the 'fabricated Witch Hunt'.
  • 🌐 The situation is seen as damaging to the 'American brand' and the stability of financial markets, with concerns about the precedent it sets for future cases.
  • 🚨 Kevin O, a financial services investor, expresses concern about the case's impact on the perception of the U.S. economy and its ability to provide financial stability and transparency.
  • πŸ›οΈ There are concerns that the case against Trump infringes on the Eighth Amendment, which prohibits excessive fines and bail, and that it has not been tested in court yet.
  • 🏒 The potential seizure of Trump's assets, including Trump Tower and Mar-a-Lago, is discussed, with AG Letitia James reportedly filing paperwork to begin the process.
  • πŸ’‘ The appeal bond is meant to prevent a losing party from fleeing, but since Trump's assets are immovable, there's debate over the necessity of such a large bond.
  • πŸ“‰ Trump's Truth Social is set to go public after a merger deal, with shares potentially worth $3 billion, but a 'lockup' period restricts immediate access to those funds.
  • πŸ“‰ Truth Social has reportedly lost about 39% of its active users year-over-year, and some experts believe the market is overvaluing the IPO, calling the stock price a bubble.
  • 🚨 The actions of AG Leticia James are criticized as a 'gross miscarriage of justice' and an example of weaponizing the justice system against Trump due to her dislike of his success.

Q & A

  • What is the amount Donald Trump claims to have for the bond in his New York civil fraud case?

    -Donald Trump claims to have nearly $500 million to cover the bond in his New York civil fraud case.

  • What is the deadline for Donald Trump to pay the bond?

    -The deadline for Donald Trump to pay the bond is Monday, as mentioned in the transcript.

  • What is the concern raised about the impact of the case on the American brand?

    -The concern raised is that the case and the perceived unfair treatment could tarnish the American brand, which is based on stability in financial markets, transparency, property rights, and the rule of law.

  • How does Kevin O view the situation with the bond and the New York attorney general's actions?

    -Kevin O views the situation as concerning for the American brand and believes that the New York attorney general's actions are akin to a 'dress up court' with no adult supervision, suggesting a lack of proper legal process and fairness.

  • What is the claim about the impact on New York due to the case?

    -The claim is that numerous businesses have ended plans to relocate to New York because of the 'fabricated Witch Hunt' against Trump, which they want no part of.

  • What is the Eighth Amendment argument presented in the transcript?

    -The Eighth Amendment argument presented is that the $454 million bond requirement could be considered an excessive fine, potentially making it unconstitutional.

  • What is the significance of Trump's Truth Social going public?

    -Truth Social going public is significant as it could potentially increase Trump's financial resources, with his shares estimated to be worth about $3 billion after the merger deal.

  • Why might Trump not be able to access the funds from Truth Social immediately?

    -Trump might not be able to access the funds immediately due to a 'lockup' period in the deal, which restricts the transfer, pledge, or disposal of shares except in limited circumstances.

  • What is the potential action against Trump's assets if he fails to pay the bond by the deadline?

    -If Trump fails to pay the bond by the deadline, Attorney General Leticia James could seize his properties, including his famous Trump Tower and other real estate holdings.

  • What is the criticism against Attorney General Leticia James' lawsuit against Trump?

    -The criticism against Leticia James' lawsuit is that it is seen as a politically motivated attack on Trump rather than a pursuit of justice, with claims that she is weaponizing the justice system and disregarding due process.

  • What is the concern about the precedent this case sets for the legal system and business environment in New York?

    -The concern is that this case sets a dangerous precedent where the legal system can be weaponized against successful business people who do not align with the attorney general's ideology, potentially chilling business and undermining the rule of law.

Outlines

00:00

πŸ’° Trump's $500M Bond Challenge

This paragraph discusses Donald Trump's claim of having nearly $500 million to cover the bond required in his New York civil fraud case. However, the uncertainty of whether he will pay by the Monday deadline is highlighted. Trump's appeal against the verdict and the potential impact on the American brand and financial markets are also discussed. Kevin O, from South Florida, shares his views on the situation, emphasizing the importance of fairness, due process, and the potential infringement on the Eighth Amendment. The conversation touches on the broader implications for New York's economy and the perception of the U.S. as a safe haven for investment.

05:02

πŸ›οΈ Legal and Political Implications

The focus of this paragraph is on the legal and political implications of the case against Donald Trump. It features a discussion with Congressman Russell Fry, who likens New York's situation to bad governance and compares the actions of New York Attorney General Leticia James to those of Venezuela. The conversation addresses the potential unconstitutionality of the $454 million fine, the lack of a grieved party, and the misuse of the justice system. The paragraph also discusses the strategic move by James to seize Trump's assets and the potential for an Eighth Amendment violation. The speakers argue that the case is a politically motivated attack on Trump and a threat to the American brand, urging for adult supervision in the legal process.

10:03

🏦 Threat of Asset Seizure

This paragraph details the potential actions by New York Attorney General Leticia James to seize former President Trump's assets, including his bank accounts and real estate, if he fails to post a $454 million bond related to the civil fraud judgment against him. The deadline for Trump to post the bond or face asset seizure is approaching, and there is speculation about which properties might be targeted. The paragraph includes commentary from attorney and former Georgia Congressman Doug Collins and former senior adviser Bruce Level, who express concern about the precedent this sets for business people and the potential misuse of the justice system. They also discuss the financial challenges Trump faces in securing the bond and the implications for his business operations.

15:03

πŸ“‰ Trump's Truth Social and Financial Risks

The final paragraph focuses on the financial risks and developments surrounding Donald Trump, particularly in relation to his social media platform, Truth Social. Despite Trump's claim of having nearly $500 million in cash, there are doubts about his ability to access these funds to cover the bond for the civil fraud case. The paragraph also discusses the upcoming public listing of Truth Social following a merger deal, which could value Trump's shares at around $3 billion. However, due to a lockup period in the deal, Trump will not be able to access these funds immediately. There are concerns about the overvaluation of the IPO and the potential loss of active users on the platform. The paragraph highlights the紧迫性 of Trump's financial situation and the challenges he faces in maintaining his assets and business interests.

Mindmap

Keywords

πŸ’‘Civil Fraud Case

A civil fraud case involves legal proceedings where one party is accused of using deceit, trickery, or misrepresentation to obtain money or property from another party. In the context of the video, this refers to the case against Donald Trump in New York, where he is found liable for nearly half a billion dollars. The case is significant as it impacts Trump's financial situation and his ability to maintain his assets.

πŸ’‘Bond

In a legal context, a bond is a form of financial assurance that a person or entity will fulfill their obligations as determined by a court. In this case, Donald Trump is required to post a $500 million bond to prevent his assets from being seized during the appeal of his civil fraud case. The bond serves as a guarantee that the financial obligations, such as potential damages or legal fees, will be met.

πŸ’‘Appeal

An appeal is a legal process by which a case is brought before a higher court for review of the lower court's decision. It allows for the examination of legal errors that may have occurred during the initial trial. In the video, Trump's appeal refers to his request for a higher court to review the verdict of the civil fraud case against him.

πŸ’‘New York Attorney General

The New York Attorney General is the head of the New York State Office of the Attorney General and serves as the chief law officer of the state. This role includes the power to bring legal actions, such as civil lawsuits, against individuals or entities that are believed to have violated the law. In the video, the New York Attorney General, Letitia James, is involved in the civil fraud case against Donald Trump and has the authority to seize his assets if he fails to post the required bond.

πŸ’‘Trump Tower

Trump Tower is a skyscraper in New York City that serves as the headquarters for The Trump Organization and contains luxury condominiums, retail spaces, and offices. It is also the namesake of a chain of similar skyscrapers built around the world. In the context of the video, Trump Tower is one of the properties that could potentially be seized if Donald Trump fails to post the required bond in his civil fraud case.

πŸ’‘Seizure of Assets

Seizure of assets refers to the legal process by which a court or other authority takes possession of a person's property to satisfy a debt, judgment, or as part of a criminal investigation. In the video, this concept is relevant as it discusses the potential seizure of Donald Trump's assets by the New York Attorney General if he does not meet the financial requirements of his civil fraud case.

πŸ’‘Truth Social

Truth Social is a microblogging and social networking platform launched by the Trump Media & Technology Group. It is often seen as a conservative alternative to other social media platforms. In the video, it is mentioned that Truth Social is about to go public following a merger deal, which could significantly increase the value of Trump's shares, although there are restrictions on accessing those funds immediately.

πŸ’‘Lockup

A lockup is a contractual agreement that restricts the sale or transfer of a security, such as shares of a company, for a specified period of time. This is often used in the context of initial public offerings (IPOs) to stabilize the market and prevent early selling by large shareholders. In the video, the lockup is relevant because it prevents Trump from accessing the funds from his shares in Truth Social immediately, even though they could be worth billions.

πŸ’‘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 context of the video, the mention of the Eighth Amendment relates to the discussion around the constitutionality of the $454 million bond requirement, which some argue could be considered excessive and therefore a violation of Trump's constitutional rights.

πŸ’‘Due Process

Due process is a legal requirement that the state must respect all legal rights that are owed to a person, such as the right to a fair trial, the right to be heard, and the right to be treated fairly under the law. In the video, the concept of due process is discussed in relation to the civil fraud case against Trump, with some arguing that the legal proceedings and the bond requirement infringe upon Trump's rights to due process.

πŸ’‘American Brand

The 'American brand' generally refers to the perception and reputation of the United States in terms of its values, policies, and economic stability. In the video, the term is used to discuss how the legal actions against Trump and the potential seizure of his assets could impact the global perception of the U.S. as a safe and stable place for investment and business.

Highlights

Donald Trump claims to have the nearly $500 million he needs to cover the bond in his New York civil fraud case.

The deadline for Trump to pay the bond is Monday, but it's uncertain if he will actually make the payment.

Trump criticizes the massive bond requirement on Truth Social, blaming a fabricated witch hunt against him for scaring businesses away from New York.

Kevin O'Leary discusses the importance of fairness and due process in the trial and the implications for the American brand.

The situation is likened to a 'dress-up court' with no adult supervision, highlighting concerns about the stability of financial markets and property rights in the US.

Trump's Truth Social is set to go public after a merger deal, with shares potentially worth $3 billion.

Despite having cash, Trump may not be able to use it all for the bond due to business and payroll obligations.

Attorney General Letitia James has filed paperwork to potentially seize Trump's properties, including his golf course and private estate at Seven Springs.

There are concerns that the actions against Trump could set a precedent for targeted prosecution and enforcement in the legal system.

The Eighth Amendment is mentioned as a potential protection against excessive bail or bond requirements.

The case is seen as an attack on the American brand and the stability of financial markets worldwide.

Trump's company, Truth Social, has lost about 39% of its active users year-over-year.

Experts believe the market may be overvaluing the Truth Social IPO, calling the stock price a bubble.

New York City's road to economic recovery is rocky, with Time Square deserted and businesses struggling.

The New York Attorney General's actions are compared to those of Venezuela, highlighting a mismanagement of justice.

Trump's appeal bond is intended to prevent a losing party from fleeing, but his immovable assets are targeted despite no need for such action.

The case against Trump is described as a gross miscarriage of justice, with calls for better management and accountability.

The potential seizure of Trump's assets is seen as a theft by the state of New York, undermining due process and the rule of law.

Transcripts

00:00

Donald Trump claims to have the nearly

00:01

$500 million he needs to cover the bond

00:04

in his New York civil fraud case but

00:06

whether he will actually pay that by the

00:08

Monday deadline is still up in the air

00:10

we now have an update on former

00:11

president Trump's appeal against his New

00:13

York civil fraud verdict Donald Trump

00:16

took to truth social yesterday to slam

00:18

the massive Bond warning in quot in part

00:20

quote numerous businesses have ended

00:23

plans to relocate into New York because

00:25

of the fabricated Witch Hunt against me

00:27

they see what is going on and want no

00:29

part of it Kevin o joining us from South

00:31

Florida Kevin good morning to you thank

00:34

you so much you know we've been talking

00:36

about fairness and due process and stuff

00:37

like that the average person doesn't

00:39

understand the trial that he went

00:41

through where he was found liable for

00:43

half a billion dollars because people

00:45

don't understand valuations and stuff

00:47

like that dealing with banks how do you

00:49

explain it to people what happened so I

00:52

tell people this is no longer anything

00:54

to do with Donald Trump whatsoever uh

00:57

this is very concerning to what you

00:59

think of the as the American brand the

01:01

reason we're the number one economy on

01:02

Earth is we provide stability in

01:04

financial markets through transparency a

01:07

pellet systems in court guarantee of law

01:10

property rights and here is a a

01:12

situation which is getting focused all

01:15

around the world of a particular case

01:17

does not matter that it's Donald Trump

01:20

where an individual has had against an

01:23

infraction an unduly high penalty many

01:26

people feel that on a bipartisan basis

01:28

probably infringed on the eth amendment

01:31

has not been tested yet and that is

01:33

where the problem lies most of us that

01:36

are investors in financial services want

01:39

the process to continue and get an

01:41

appell at court involved here for a

01:43

second set of eyes the way I view this

01:46

and the way it's viewed internationally

01:48

is this was like dress up court with

01:50

kids running some kind of a Halloween

01:53

party with no adult supervision we need

01:55

the adults now we need the adults to

01:57

look at this uh New York needs to

02:00

restore its greatness but it's not it's

02:02

on a downward slide and I don't

02:04

understand why the governor and why a

02:06

judge would make this decision uh you

02:09

know New York uh Troopers you know going

02:12

into Trump uh Tower the protesters have

02:15

been uh they've been dispersed by the

02:17

police the police are here they are

02:19

making sure that the trucks can gain

02:22

entry and also leave they started

02:24

blocking the roads preventing delivery

02:26

trucks from entering to pick up for

02:28

delivery around 1:00 this morning New

02:30

York City's shut down and the road to

02:31

economic recovery has been Rocky on the

02:34

left Time Square is deserted experts say

02:37

larger denser urban areas that rely on

02:39

office and Tech workers continue to

02:42

struggle so we zoomed in on Lower

02:44

Manhattan I don't want to come back it's

02:46

sad to see that a lot of the shops have

02:48

closed um it looks a lot different than

02:50

it used to but the Washington Post

02:52

claims bankruptcy might be the way out

02:55

meanwhile Donald Trump took to truth

02:56

social yesterday to slam the massive

02:58

Bond warning in quote in part quote

03:01

numerous businesses have ended plans to

03:03

relocate into New York because of the

03:05

fabricated Witch Hunt against me they

03:07

see what is going on and want no part of

03:10

it they're nashing their teeth Tish

03:12

James at seizing properties and people

03:15

in the Press are applauding they're

03:17

giggling this is

03:21

bloodthirsty okay now you're talking

03:23

you're right this is hurting the

03:25

American brand what's going on in New

03:26

York is it has nothing to do with Trump

03:29

that case is over what's going on now is

03:32

concerning financial markets all around

03:34

the world because in the United States

03:37

and everybody what I don't care what

03:38

color you are red or blue or independent

03:40

doesn't matter we are the Bastion of

03:43

safety when it comes to investing large

03:45

pools of capital that's what America

03:47

represents we have property rights we

03:49

have an appell system we have law people

03:51

trust and we give you good returns with

03:55

the least amount of resistance and

03:57

what's happening in New York is tainting

03:59

the American brand I mean seizing assets

04:02

after 22 days in a bankruptcy court you

04:06

get years to resolve this this is not a

04:08

good look on New York it doesn't matter

04:09

that's trump it could be anybody I think

04:12

that's very bad for the American brand

04:14

and I also would argue that you think

04:16

about if this is going to help New

04:18

Yorkers they should be asking for better

04:19

management I'm very disturbed and the

04:21

way I look at it and I speak to many

04:23

institutional Capital fronts including

04:25

Sovereign wealth cuz I'm trying to buy

04:26

Tik Tok right now so I'm running all

04:28

around the world trying to raise 3040

04:30

billion do and they all ask me the same

04:33

thing we're watching this New York thing

04:35

play out it looks to everybody like it

04:38

was some dress up court day when the

04:40

parents were out and everybody got

04:42

dressed up in in robes and had fun

04:44

acting out some court trial when are the

04:47

adults coming back into this there are

04:49

no adults yet Kevin o well he is

04:52

slamming New York attorney general the

04:54

Tia James and her lawsuit against Donald

04:56

Trump watch this should think well past

04:59

Trump whether he's president or not or

05:02

whether this attorney general is gone in

05:04

four years or not it's irrelevant this

05:06

is case setting against the American

05:09

brand this is an attack on America and

05:14

and I don't know how you can look at it

05:15

any other way we need an adult in the

05:18

room now this is the United States of

05:20

America under siege Congressman Russell

05:24

fry republican from South Carolina joins

05:26

me now Congressman do you go that far is

05:30

America under

05:31

siege oh I think absolutely it is you

05:34

look you look at New York New York is

05:36

the poster child for bad governance I

05:38

mean Leticia James got elected to go

05:40

after Trump not to enforce the rules on

05:43

criminals on the streets or in the

05:44

Subways of New York but to go after

05:46

Donald Trump that's what she's done and

05:48

here you've got no agreed party you've

05:50

got no money that's been lost under this

05:52

alleged fraud scheme but she is acting

05:55

like the country of Venezuela in

05:56

pursuing it and it is no wonder that

05:58

people are fleeing New York in record

06:00

numbers businesses are leaving and

06:02

they're coming to the sunny shores of

06:03

South Carolina she is the poster child

06:06

for why people are fleeing these states

06:08

uh I may have got my Constitution wrong

06:10

but as I understand it the Eighth

06:13

Amendment says no cruel or unusual

06:16

punishment and no large fines or outrage

06:20

excessive fines I would think that the

06:23

$454 million is an excessive fine making

06:27

it unconstitutional what say you

06:30

I think I think you're exactly right and

06:31

I think uh you know hopefully with the

06:33

appell it process the courts see reason

06:35

here uh where the New York courts have

06:38

thus far not done that uh you take a

06:40

case and again there is no grieved party

06:42

nobody was wrong nobody was harmed in

06:44

any Financial way and the jury Awards

06:46

this ridiculous verdict um and at the

06:49

end they can't it's so large that they

06:50

can't even get a bond uh to secure it

06:53

and so it is unconscionable that we're

06:55

even here but I think the eth amendment

06:57

is certainly in play AG Bailey has a

06:59

fellow AG how blatantly and absolutely

07:02

wrong are these actions by Laticia

07:05

James this is a gross miscarriage of

07:08

Justice remember this was a fraud trial

07:10

the only fraud here is that AG Leticia

07:13

James is masquerading as a competent

07:16

attorney look at some of her pleadings

07:17

there's no reference to case law and why

07:19

is that it's because there's no legal

07:21

Authority for what she's doing let's

07:23

remember this was a civil fraud trial

07:25

where the claim was that Banks gave

07:28

loans to president Trump based on

07:30

misrepresentation and yet Leticia James

07:32

isn't going after those banks for

07:34

failing to do their due diligence uh

07:36

when providing those loans the only

07:38

reason they provided those loans in fact

07:40

was because president Trump is a

07:41

brilliant businessman who was enormously

07:43

successful and made tons of money for

07:45

these Banks and every other investor and

07:47

Leticia James hates that she hates his

07:50

success and so she's weaponized the

07:52

justice system against him and it's it's

07:54

terrible for all Americans it's a it

07:56

undermines due process and undermines

07:58

the rule of law let's face it she

07:59

campaigned on going after Trump she's

08:02

going after Trump all while real crime

08:04

is running rampant in New York state so

08:06

what arguments do you make in support of

08:08

trump in your filings with the court and

08:10

what arguments should Trump make to

08:12

prevent what amounts to a stealing of

08:14

his life's work from

08:16

happening well that's exactly what's

08:18

going on this is just a theft by the

08:20

state of New York at the at Leticia

08:22

James direction of property owned by the

08:25

president and remember this is property

08:27

that he obtained legitimately through

08:29

his business Acumen but I think it's

08:31

important to remember that the appeal

08:33

bond is intended to prevent a losing

08:35

party in a lawsuit from taking their

08:36

money and fleeing and yet the assets

08:38

she's trying to seize here are immovable

08:41

those assets will be there after the

08:42

appeal is completed so there's no need

08:44

to race through this process of seizing

08:46

property but also I would point out that

08:48

the whole purpose of a bond and the

08:50

whole P purpose of a judgment at the end

08:52

of a Civil Trial is to make a party

08:54

whole well when you have no victim

08:57

because everybody who did business with

08:59

president president Trump as part of

09:00

these transactions made money there's no

09:01

one to make H so again there's no need

09:03

there's no legal justification to seize

09:05

this property also on the fleeing

09:07

argument the job that Trump's going for

09:09

is in Washington DC kind of TR tough to

09:12

flee the country and be president so

09:14

that completely blows that line of

09:16

thinking out of the water if I'm sitting

09:18

here watching this I know Trump's a a

09:20

lightning rod for controversy but I'm

09:22

wondering what can happen to me so can

09:25

our legal system survive if targeted

09:27

prosecution and enforcement like this is

09:30

allowed to

09:31

stand no this kind of Witch Hunt against

09:34

President Trump is really just the tip

09:36

of the iceberg and I would warn all

09:37

anyone doing business in the state of

09:39

New York I would invite president Trump

09:41

to move to Missouri we're open for

09:42

business we'd love to have him here and

09:44

folks that are doing business in New

09:45

York need to be advised that the

09:47

Attorney General of New York will

09:49

weaponize the justice system and contri

09:52

facts and law in order to take them down

09:53

if they don't ascribe to her ideological

09:57

bent there also the notion of what is

09:58

latia James know about running a golf

10:01

course I haven't looked at the names on

10:03

the lockers at Trump Westchester I can

10:05

tell you not a lot of people are going

10:06

to be too primed for Club Pro Leticia

10:09

James they're probably going to cancel

10:11

their membership attorney general

10:13

Leticia James could move swiftly on

10:15

former president Trump's bank accounts

10:17

and real estate if the former president

10:19

doesn't put up that massive $454 million

10:23

or get a bond for the Civil fraud

10:24

judgment James won against him Trump's

10:27

30-day deadline to post a bond or

10:30

deposit to block James from collecting

10:32

his assets while he appeals uh the

10:35

verdict arrives on Monday now if the New

10:37

York AG gets her way Trump could lose

10:40

his world famous Trump Tower or she

10:43

could pick any of these look at all of

10:44

them yeah including maral Lago anything

10:47

International any of his golf clubs she

10:50

could choose to pick whatever she wants

10:54

yeah that's right uh breaking news today

10:55

on this potentially she is looking at

10:57

properties up in Westchester here but

10:59

joining us now to discuss attorney and

11:01

former Georgia Congressman Doug Collins

11:03

plus former senior adviser and SBA

11:05

advocate for the Trump White House Bruce

11:07

level gentlemen thanks for coming on

11:09

Bruce we're going to start with you here

11:11

uh just your thoughts on will Laticia

11:13

James actually begin to seize his

11:14

property now I know her her team has

11:16

kind of put out statement she doesn't

11:17

want to see a fire cell but boy if you

11:19

go on her actions leading up to this

11:21

point it seems like she really wants to

11:23

bankrupt go after the former president

11:25

here what say you well I'm heing in

11:27

Georgia and I have to say reminds me

11:30

kind of like what happened similar in

11:32

2008 when uh we've had the banks that

11:35

failed in some of these uh institutions

11:38

weaponized uh the taxpayers money to

11:41

call loans Etc I think brother Doug

11:43

knows a lot about that what happened in

11:45

Georgia but listen it's just like what

11:46

Kevin oy said on CNBC and many

11:49

courageous other business people you had

11:51

a bank that testified that were made

11:54

whole and said hey we're good

11:56

everything's fine what's going on and

11:59

and and the fact that there were those

12:00

disclaimers in that contract and they're

12:02

totally ignoring that and ladies and

12:04

gentlemen once again if you know this

12:07

could happen to any of us right and this

12:09

is a total miscarriage of Justice on

12:12

President Trump and this could be like

12:14

Kevin o said on Shark Tank he's like

12:16

look what does this say to other

12:18

business people and business people

12:20

you're watching in New York City yeah

12:22

you're right don't challenge the system

12:24

or we might come after you what that's

12:26

exactly big big red flag here uh Doug

12:28

want to get to this uh a Donald Trump

12:30

joint fundraising committee sent out a

12:32

message saying quote keep your filthy

12:35

hands off of Trump Tower before going on

12:37

to ask for donations from 1 million of

12:39

his supporters to keep the former

12:41

president from potentially losing his

12:43

New York properties to quote insane

12:45

radical Democrat AG Leticia James

12:48

unquote also Doug I want to bring in

12:50

your legal expertise here wouldn't the

12:53

Eighth Amendment be able to protect the

12:56

former president for something like this

12:58

he's cruel and usual extreme bail

13:00

require or Bond

13:02

requirements well I mean yes it could I

13:05

guess if you had a court it would

13:06

determine this would be extreme but

13:07

again you got to get to that Court uh

13:09

case to do it on the appell it side of

13:11

this and and bring up that issue as a as

13:13

a problem uh again that's a whole

13:15

different legal action is composed to

13:17

what is actually happening here in this

13:19

case um in reality what they're doing

13:21

again is Leticia James is is furthering

13:24

the calls that this is uh is basically

13:27

as Bruce alluded to this is an attack on

13:28

Donald Trump it was that's all it is and

13:30

now she's just continuing to make the

13:32

case that it is about getting Donald

13:34

Trump it's not about justice justice is

13:36

about getting something writing a wrong

13:38

there was no wrong here and Donald Trump

13:40

is being uh prosecuted for it because

13:43

she said she would so you you know the

13:44

first question you ask is are is she

13:46

probably going to go after assets yes

13:47

the qu answer would be yes she's going

13:49

to go after these assets because it

13:50

fulfills her plan so the the president

13:53

former president is in a position right

13:54

now to where he has to either find that

13:56

bond which is almost too excessive

13:57

because nobody can underwrite those uh

14:00

those kind of bonds so we'll just see

14:01

how it goes from here but it is it's a

14:03

it's a uh it's a pretty tense time right

14:05

now for the Trump campaign yeah Donald

14:06

Trump claims to have the nearly $500

14:08

million he needs to cover the bond in

14:10

his New York civil fraud case but

14:12

whether he will actually pay that by the

14:14

Monday deadline is still up in the air

14:16

there's a difference between having 500

14:18

million in cash and being able to Fork

14:20

over all that cash for this Bond more on

14:22

that in a second something else happened

14:24

today as well Trump's company truth

14:25

social is about to go public after a

14:27

merger deal was agreed on his shares

14:30

will be worth about $3 billion however

14:33

that money may not be that easy to

14:34

access either just days after Donald

14:37

Trump's attorneys filed court documents

14:39

claiming it was a practical

14:41

impossibility for him to secure funding

14:43

for the nearly 500 million doll bond

14:46

that he owes following his loss in the

14:48

Civil fraud case the former president

14:50

took to truth social I currently have