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“Desperate” Trump’s inability to get fraud bond makes him “massive national security risk,” Dem says (www.salon.com)

submitted 8 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

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"Any foreign adversary seeking to buy a President knows the price," warns Rep. Sean Casten

A Democrat who sits on the House Financial Services Committee warned that former President Donald Trump’s inability to secure a bond for his $464 million fraud judgment makes him a “massive national security risk.”

Trump’s lawyers in a filing on Monday told a New York appeals court that he cannot secure a bond after approaching 30 underwriters.

“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,” the attorneys wrote.

The filing quoted an insurance broker who signed an affidavit stating that securing the bond is a “practical impossibility.”

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this post was submitted on 19 Mar 2024

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