Former President Donald Trump might be barred from doing business with banks that operate in New York to get the cash to pay off his more than $350 million judgment in the civil fraud case, said reporter Andrea Bernstein, author of "American Oligarchs," on MSNBC Friday evening — but there are other ways he could come up with the money in the end.
One way it could happen, she suggested to anchor Chris Hayes, is if the Saudi government acts to bail him out.
"My understanding is the judgment by court and put the money up now, pending appeal," said Hayes. "You think he's going to wriggle out?"
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"I don't know," Bernstein replied. "Just having spent all this time in courtrooms, I do feel that Trump's lawyer is pretty good at finding legal wrinkles for delaying things and making things not happen that you think are going to happen. But anyway, yes, presumably he's gonna have to come up with hundreds of millions of dollars to put aside pending a final disposition at that New York State Court of Appeals."
"If you can't borrow money to do this, and it's going to be very hard to find loans?" said Hayes.
"I mean, particularly now for Donald Trump, he can't borrow from a New York bank," said Bernstein. "I want to say for Donald Trump, I've gone through a lot of practice of reporting and believing, oh, yeah, no one's going to like him now. No one's going to like him after he defaulted on all his loans, Deutsche Bank was never going to lend to him again after he defaulted on them, and they were the subject of this trial. After January 6th, nobody was going to lend to him or do business with him. But he finds people. For example, the Saudis, who have been obviously paying Jared Kushner and also Trump through the golf course, is through the LIV Golf circuit, which has turned out to be immensely profitable. So there are always people around Donald Trump who believe if he's president, it's actually a small investment to help him out."
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