Trump Got His Bond Reduced To $175 Million, But Here’s Why It’s A Loss

X Facebook Email Flipboard Pinterest Print Reddit

Update: NBC’s Lisa Rubin posted a correction. The court did stay the borrowing provision. The story has been updated to reflect corrected source information.

An appeals court reduced Trump’s fraud bond and gave him more time to pay, but it was still a loss for Trump.

NBC News’s Lisa Rubin posted:

An appeals court did reduce the bond to $175 million, but the former president was only given ten additional days to come up with the money. The real kick in the pants for him is that he is still banned from borrowing the money from any institution that does business in the state of New York.

The provision of the ruling that went against Trump:

This means that Donald Trump may be able to borrow the money, even though he claims it will be paid in cash.

During an appearance on Fox News, Eric Trump suggested that the bond should be $10 million, and when Trump tried to negotiate the amount of the bond down, he offered $100 million, which indicates that Donald Trump doesn’t have $175 million in cash sitting around.

Donald Trump has been trying to find someone to give him the money for the last month, but he has gotten nowhere, so it is doubtful that he will suddenly find $175 million stashed behind the classified documents he might still be hiding at Mar-a-Lago.

It is a win that he got the bond amount reduced, and that he can borrow more, but even though Trump claims that he will pay the $175 million in cash, given the former president’s history of lies, seeing is believing.

A Special Message From PoliticusUSA

If you are in a position to donate purely to help us keep the doors open on PoliticusUSA during what is a critical election year, please do so here.

We have been honored to be able to put your interests first for 14 years as we only answer to our readers and we will not compromise on that fundamental, core PoliticusUSA value.

[wpedon id=”344887″ align=”center”]

Author
Recent Posts

Follow Me

Jason Easley

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association

Follow Me