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Dr. Rashad Richey

National TV Political Analyst, Talk Radio Host, Univ. Prof.

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Why doesn’t ‘billionaire’ Trump have money to pay fraud judgment?

Mar 22

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Former President Donald Trump has until Monday, Mar. 25 to come up with a $464 million appeal bond to meet a New York court’s civil fraud judgment. Despite being the likely Republican presidential nominee, he’s struggling to find a company willing to provide the bond. Trump tried to get a bond for the full amount, which would have paused the collection process while he appeals, but over 30 underwriters declined.

Straight Arrow News contributor Dr. Rashad Richey explains why Trump can’t find the money and discusses what he sees as a conflict of interest when a presidential candidate needs to raise vast sums of money to pay a legal penalty.

Why do you think Trump is getting so many negative responses? Because the word is out. The man doesn’t pay people back. He’s a bad businessman, both morally and in action. They don’t believe he’s able to even make the money back. If they thought he was a bad person but a good businessman, he would get the money because they know he can bring the money. What about the cool billion that your son-in-law got from the Saudis? But I digress.

The reality is this. You see, there are foreign heads of state who would be willing to front this money for Trump, who’s running for president of the United States again. Do you not see the apparent conflict of interest there? So while people may wax poetic about a conflict that exists between a local district attorney in Atlanta, Georgia and her ex-lover, why can they not see the apparent conflict of interest when it comes to somebody running for president trying to borrow a cool half a billion dollars?

Okay, Donald Trump has to pay over $400 million for an appeals bond. This is normative. And he has been found liable civilly, which means he can pay the actual judgment. Or he can pay the appeals bond, live to fight another day, that he’s the one who said he’s a multi billionaire. He has all of this money. His followers believe he is, in fact a genius businessman. And He already said he doesn’t pay taxes. So Trump, why don’t you have the money? He’s now complaining? He ain’t got it. You don’t have it? Sir. You said you had it. As a matter of fact, you said you had so much of it, that it’s in the billions, it exceeds millions. And now you’re complaining that you may have to sell a few of your items or allow individuals to purchase parts of your empire in order to come up with your bond money. Isn’t that ironic? What happened to the Republican Party? This said, pull yourself up by your bootstraps. What happened to the Republican Party that said this was about personal responsibility and accountability? The issues of Trump are self inflicted. He didn’t have to continue making the decisions he made. But he did even after he was found liable. He continued to make the same decision over and over again, this is obviously his own doing. But here’s the real policy problem. You see, as his attorneys have stated 30 different organizations that could have helped him front this money became surety for the debt, allowing him to post this massive bond. Well, they all said no. They basically said, hey, you know what, Trump? The answer’s no, we don’t have it. We’re not able to do it. We don’t have that kind of liquid. Why do you think Trump is getting so many negative responses? Because the word is out. The man doesn’t pay people back. He’s a bad businessman, both morally and in action. They don’t believe he’s able to even make the money back. If they thought he was a bad person, but good businessman, he would get the money, because they know he can bring the money. What about the cool billion that your son in law got from the Saudis? But I digress. The reality is this. You see, there are foreign heads of state who would be willing to front this money for Trump, who’s running for President of the United States again? Do you not see the apparent conflict of interest there? So while people may wax poetic about a conflict that exists between a local district attorney in Atlanta, Georgia and her ex lover, why can they not see the apparent conflict of interest when it comes to somebody running for president trying to borrow a cool half a billion dollars?

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