Early Monday morning, MSNBC legal analysts told the hosts of "Morning Joe" that Donald Trump is in for the scramble of his life to come up with either the on-hand cash to pay the $83.3 million he now owes E. Jean Carroll or to find a company to help him post the bond he will have to put up during his appeal.
Speaking with hosts on the first Monday after the 9-person jury slammed the ex-president for defaming Carroll by tacking on an extra $65 million in punitive damages, analyst Lisa Rubin claimed Trump is headed for some major financial difficulties.
"Let me give you the satisfying part first," she began. "Someone is going to have to post a bond in 100 percent plus of the verdict here. The bigger question is who that is."
"Many defendants in situations like this will find a company that will post a surety for them, and then you pay, as Donald Trump did, for example, in the Fulton County case, you pay a percentage of the verdict to the person who posts the bond," she elaborated. "In New York, the last time E. Jean Carroll won against Donald Trump, he wasn't able to secure that; he ended up putting $5.6 million in an escrow account directly with the court."
ALSO READ: Why Biden doesn’t need to become Obama to defeat Trump
"It'll be interesting to see if any surety is willing to put themselves out there for Donald Trump in exchange for 10 percent to 20 percent plus collateral," she stated before predicting, "My guess is he will be hard-pressed to find that person in New York than he was, for example, in Georgia when he faced that Fulton County indictment."
Watch the video below or at this link.
MSNBC 01 29 2024 06 23 01youtu.be
