'Not a lot of escape routes': Reporter shines light on Trump's 'dire' financial problems

Former President Donald Trump's finances are crumbling, Atlantic reporter David Graham told MSNBC's Katie Phang on Wednesday — and there aren't a lot of ways he can get out of the crisis he's in.

This comes as Trump has been slammed with a double whammy of an $83.3 million judgment in the E. Jean Carroll defamation case and a $464 million judgment in the Trump Organization civil fraud case — which is likely more than he has in liquidity.

"Look, let's speak frankly, right?" said Phang. "How dire is Trump's financial situation at this point?"

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"You know, I understood it was dire, and then speaking with experts, I was surprised by how dire they saw the situation," said Graham. "It's not just that it's huge sum, but he has few avenues to solve it. He has to get bond, he doesn't have a lot of cash on hand, his chances of appeal are low. On all fronts he faces a lot of danger and not a lot of escape routes."

As for whether he could try to get out of it with bankruptcy, Graham added, that's not so simple.

"Bankruptcy would be challenging for him because it's his personal brand," said Graham. "It's challenging because there are debts you simply can't discharge to bankruptcy, fraud is one of those. It's also challenging because he'd have to open up his books to bankruptcy. It's not an alluring option. It's the only thing he'd only go to if he had no other choices. But it's right, the sums he's facing are just so large, and we know he doesn't have the money on hand because his lawyers said so in court. In his deposition last year he said he had $400 million cash on hand and then asked his bond to be reduced to something like $100 million because it's impossible to come up with that much money."

Watch the video below or at the link right here.

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