Anderson Cooper Shows Trumps Properties on Screen that Could Be ‘Relevant’ to Bond Dilemma
EXCERPT:
COOPER: "Jessica, I want to put this graphic up on the screen that shows some of Trump's New York properties that I guess could be relevant to all of this. What do you think of the New York Attorney General's basically calling B.S. on Trump's claims?"
ROTH: "Yeah, I mean, the puzzle here is why is it so hard for him to come up the money to secure the bond. Between his claims about how much cash he has and the value he's asserted with respect to these properties, why is he having such a difficult time getting anybody to write the bond for him? Those properties, I mean, as the Attorney General points out, I mean, Trump claims that they're — these insurance companies won't write the bond and to have real estate — real property as collateral. And she says that's simply not true as a hard matter of law. And if they have limits on how much they'll write the bond for, which he also claims, why wouldn't you pool some of the different companies and bonds to put together the full amount that you owe. Or, she also says, you could actually just transfer ownership temporarily to the court and they would hold these properties as the collateral for the bond. And so there's — there are these properties. The question is, what are they worth, why is he having trouble getting anybody else to accept them as collateral, and why, as a fallback, doesn't he just transfer them to the court?"




