Donald Trump has to pay hundreds of millions of dollars for legal judgments, but securing a bond to do so might not be so easy, according to one reporter.
Politico's Josh Gerstein appeared on MSNBC on Sunday, and was asked about the timing of certain upcoming developments in Trump's legal cases. He was also asked about Trump losing his recent effort to delay enforcement of the $454 million New York civil fraud fine, which is racking up more than $100,000 in interest every single day it goes unpaid.
"What are you hearing about how much he might need to raise to even file an appeal?" the host asked.
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Gerstein states that the general rule in New York is that you need about 20% more than the amount of the judgment to file an appeal.
"So just doing the quick math, that would take you a pretty close to $550 million, over a half billion dollars really that he needs to come up with. The only way you could see him possibly coming up with that kind of money would be to mortgage probably more than one of the buildings that he owns, find someone who's willing to issue a bond here, and allow him to go forward with this appeal."
But it won't be so easy, he added.
"The other handicap he faces, Alex, is, you know in a normal case there would be a lot of financial companies and other companies willing to try to help write this kind of special bond, but there are so many companies that just won't do business with Donald Trump anymore due to the past traumas you might say, but I think it's gonna be hard for him to put this kind of package together."
