James Suggests Trump Pool Insurance Companies To Access Sought After $460m Bond

NATION: Today, following his claim that it is impossible to get a bond to cover the former 45th US President's more than $400 million dollar debt to the state of New York, Trump may be caused to consider Attorney General Letitia James’ suggestion, otherwise, acting in compliance with Attorney General James to request insurance companies to pool together to allow him the ability to obtain the sought after insurance bond.

By Michelle Crawford-Sapenter

New York Attorney General Letitia James has disputed former President Donald Trump’s claim that he cannot secure more than $460 million needed to post bond and appeal the civil fraud ruling against him. In a filing,

James argues that the court should deny Trump’s “extraordinary request” to appeal without posting the full amount.

Trump’s lawyers had previously asserted that obtaining the bond by March 25 was a “practical impossibility.” However, Dennis Fan, a senior assistant solicitor general for the state, refuted this argument. Fan clarified that appealing parties can combine multiple sureties to provide the full bond amount, rather than relying on a single underwriter for the entire $464 million.

Furthermore, Fan questioned why prospective backers have refused to accept Trump’s real estate assets as collateral, suggesting that these properties may have been fraudulently valued. If Trump fails to secure the bond, the state has indicated it would seize some of his assets.

Today, Trump’s claim that securing the bond is impossible is met with skepticism by the New York Attorney General, who emphasizes that alternative approaches are available for meeting the bond requirement