Jen Psaki: Trump's $464 million question

Former federal prosecutor Andrew Weissmann breaks down Trump's options

VIEW IN BROWSER MSNBC DAILY Understand today's news with Jen Psaki VIEW IN BROWSER MSNBC DAILY Understand today's news with Jen Psaki Saturday, March 23, 2024 Here's what happens if Trump can't pay his bond in the New York fraud case By Jen Psaki For all of the frustration over the many delays in Donald Trump's criminal trials, his civil trials have proven to be an effective way of holding him accountable. He has already fronted $91 million to secure the bond for the E. Jean Carroll judgment. And he has until Monday to post another bond to cover the $464 million judgment against him in his business fraud case. If he does not secure it, New York Attorney General Letitia James may seize his assets. And there's nothing Trump can do to delay that! NBC News legal analyst Andrew Weissmann, former general counsel at the FBI and a senior member of special counsel Robert Mueller's team, explains:   Is there any chance that Donald Trump secures the bond before the Monday deadline?   There is a chance the appellate court lowers the amount of the bond required to stay enforcement of the judgment. There is also a chance that Trump either comes up with the money or a third-party who helps him post the money. The main problem is that it seems apparent that his real estate holdings are already pledged — i.e., they're being used to secure other loans, so he can't use them to secure more loans or otherwise use them if there is not sufficient remaining equity to secure the bond.   Let's say James moves to seize assets. What does that actually look like in practice? Set the scene for us…   James can serve liens on any and all assets, which prevents Trump or anyone from depleting those assets — that serves as a form of freezing the assets. Whether she then tries to sell the assets remains to be seen (and can be complicated depending on a variety of factors, such as whether the properties are co-owned, or if there is already a mortgage lien on the property). James also can seize all receivables, meaning all income sources of revenue, such as rent payments, licensing fees and royalties, so that that income comes to the New York attorney general and not Trump.   Which assets do you think she is most likely to target?   All. There is little reason for her to choose among assets. Of course, she will start with assets in New York, as that is the quickest location to start procedurally, but she can file the New York judgment in other states (such as Florida) so she can seize assets located nationwide.   Read more exclusive insights from Jen Psaki here. And tune into "Inside with Jen Psaki" Mondays at 8 p.m. ET, and Sundays at 12 p.m. ET on MSNBC. 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In part two, Peter Coyote and Renée Elise Goldsberry focus on the Georgia election interference and the classified documents cases. Legal experts and authors Andrew Weissmann and Melissa Murray provide analysis. Listen now. Why have attacks on gender become so pervasive, especially within right-wing movements? Our guest this week points out that "the question of gender is fundamentally linked with the future of our democratic world." Judith Butler is a philosopher, gender theorist and cultural critic. They are also a distinguished professor in the graduate school at the University of California at Berkeley. Butler is the author of numerous books, including their latest, "Who's Afraid of Gender?" They join WITHpod to discuss their seminal work, thinking beyond gender binaries, the obsession with gender as a tool to further authoritarian movements and more. Listen now. MSNBC INSIGHTS Have you ever wanted to provide MSNBC with your opinion about their TV programs, documentaries, and digital products, such as MSNBC.com, newsletters, and podcasts? Now is your chance! Join the MSNBC Insights Community. This weekend on MSNBC SATURDAY MSNBC's "The Weekend" at 7am ET:  Lev Parnas…Michael Cohen… Secy. of State of Mich. Jocelyn Benson MSNBC's "The Katie Phang Show" at 12pm ET: Rep. Robert Garcia (D-Calif.)… Harry Litman   SUNDAY MSNBC's "The Weekend" at 8am ET: Rep. Sara Jacobs (D-Calif.)… Mitch Landrieu MSNBC's "Inside with Jen Psaki" at 12pm ET: Speaker Emerita Nancy Pelosi… Kara Swisher MSNBC's "The Sunday Show" at 6pm ET: Rep. Gregory Meeks (D-N.Y.)… Mini Timmaraju… Tom Nichols   *Subject to change 30 Rockefeller Plaza New York, NY 10112 PRIVACY | CONTACT | UNSUBSCRIBE PRIVACY | CONTACT | UNSUBSCRIBE