'That's how he does business': Trump biographer warns those who may bail ex-president out

The struggle for Donald Trump to come up with the whopping sum to satisfy a bond or pay up front with cash is nothing compared to if he actually loses his appeal.

David Cay Johnston, the Pulitzer Prize winner and Syracuse Law lecturer appearing on CNN's "Anderson 360" discussed the liquidity challenges that former President Donald Trump is scrambling to sort out after losing both an $83.3 million defamation case in federal civil court lodged by E. Jean Carroll and Manhattan Justice Arthur Engoron's $450 million disgorgement damages ruling on Trump for committing widespread fraud for years.

He believes Trump has for years overstated his wealth.

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"If Donald really was worth $10 billion, he claims this wouldn't be a problem, it would be an annoyance," he said. "Instead, it's a crisis because he's not worth anywhere near that."

And to be able to secure the monies to post the bond or pay in full, it's been suggested he may need to seek a bailout. But Johnston cautions that any white knight willing to offer Trump a bag better think hard about that decision.

"Anybody who loans the money runs the risk that when he loses his appeal, as he's likely to do, then he's going to fight collection with them because that's how he does business."

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