Trump enraged as he faces financial devastation from civil losses: Maggie Haberman
January 29, 2024
Former President Donald Trump is likely furious at the prospect of losing tens of millions, or perhaps hundreds of millions of dollars, in the civil cases against him, New York Times reporter Maggie Haberman told CNN's Wolf Blitzer on Monday.
This comes after a jury awarded writer E. Jean Carroll $83.3 million in her defamation suit against Trump for denigrating her rape allegation, and as he is set to face more civil damages in upcoming cases.
"I believe he's looked at all these court stops as part of his campaign, because he's seen some political benefit for lumping them together," said Haberman. "This was a civil case. Then there are the four criminal cases, but for a lot of his voters, they're indistinguishable, one from the other. I do think it was a rallying cry for his base, in part. But I also think this did involve a financial judgment, and I think that he thought he was going to show up and try to sell the jury essentially. It obviously did not work."
"As you know, the jury awarded Carroll more than $83 million, and it's only one of several legal battles facing him," said Blitzer. "The Trump Organization, for instance, could soon be on the hook for hundreds of millions of dollars. What kind of impact is this judgment, and the potential for more, having on Trump?"
"Trump never likes parting with money, and so there is no way he's happy at the moment, either about the E. Jean Carroll verdict, or the fact that he is going to have to pay some penalty in the civil fraud trial," said Haberman. "Exactly what it means for his company and personal finances, we don't know, but it doesn't mean anything good. This is a lot of liquid, a lot of question about how much cash on hand Trump actually has."
"He may not have to pay both right away," Haberman added. "With Carroll, he will have to put something up while he's appealing, but it will be costly."
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