Trump stares down first derailment of his campaign-to-courthouse strategy

 For days, Donald Trump's anger over the requirement to secure hundreds of millions of dollars in rewards by Monday has been simmering behind the scenes and through a steady stream of social media posts.



Friday's public campaign on the Truth Social platform, which included multiple posts in all caps, highlighted his ongoing anger at the judge who handed down the $464 million judgment, the New York prosecutor who brought the civil fraud case, and Trump's insistence that everything is by design. . Obstructing his presidential campaign.


The posts, including one sent just before 2 a.m. On Friday, it contained a mixture of invective and assertions devoid of facts or evidence. (There is no evidence that the White House played any role in the case brought by New York Attorney General Letitia James, let alone directed her to continue her efforts. Nor is there evidence that Trump, as he has claimed, plans to use some of his own money for his presidential campaign.)


But there was also a truth embedded in the posts that pushed Trump's company and personal finances to the brink with only two days left to find a solution.


Trump, as he noted, has a significant amount of cash, according to a review of his candidate's recent financial disclosure and personal financial statements.


It's a point he repeatedly emphasized in testimony and testimony during the New York fraud trial, though he differed from his recent claim on social media that he had "nearly half a billion dollars in cash." He has consistently pegged the number throughout the legal proceedings at $400 million, and barring any recent unreported cash infusion, a person familiar with his finances confirmed that that number remains roughly where his cash holdings are.


However, even if the higher estimate were accurate, as Trump's lawyers have made clear in sober and detailed filings, it would not be enough.


The $464 million judgment, the bail that Trump is struggling to secure to avoid potential seizure of his assets, would require cash or cash equivalents of about $557 million, according to industry practices.


At least some of Trump's money is tied up in loan agreements that include terms that require him to obtain tens of millions of dollars in cash.


In other words, as Monday's deadline approaches, securing bail of the required size remains, in the words of Trump's lawyer, "virtually impossible."

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