Saturday, January 27, 2024

Trump May Face Liquidity Issues After E. Jean Carroll Verdict, Lawyers Warn

 https://www.newsweek.com/lawyers-warn-donald-trump-liquidity-issues-1864554

Glenn Kirschner, a former assistant U.S. attorney and frequent critic of Trump, took to MSNBC host Joy Reid's podcast on Saturday to discuss the damages the former president faces and pointed towards the amount of money and possible use of his properties it would take to get an appeal bond.

"In order to get an appeal bond, he would very likely have to put up most of or all of the $83 million so that there is a pot of money that can be paid to E. Jean Carroll at the end of the appeals process. He'll have to put it up either in cash, and wasn't he just bragging that he has $400 million on hand, I'm betting he doesn't or he'll have to put it up in unencumbered property. I can only wonder how much equity he actually has in some of the properties he owns," Kirschner, who is also a legal analyst for MSNBC, said.

This is not the first time some have pointed towards issues involving how much Trump will need to pay out.

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