How Trump narrowly escaped a cash crunch
Podcast: Post ReportsPublished On: Mon Apr 08 2024
Description: Today on “Post Reports,” Jonathan O’Connell breaks down Donald Trump’s complicated finances — and what we know about the California billionaire who covered Trump’s bond in New York. Read more:Former president Donald Trump was in a financial bind last month. He had to post a bond of nearly half a billion dollars to cover a civil fraud judgment in New York, or risk the state seizing his assets.Then Don Hankey stepped in. The California billionaire offered to cover Trump’s bond for a “modest fee” — and a court reduced the amount to $175 million while Trump appeals the case. But this story, along with Trump’s other complicated financial problems, raises questions about what happens if he is reelected, and what kind of influence someone like Hankey could have over Trump. Today on “Post Reports,” we talk through what we know about Trump’s money, and how his stake in Truth Social could change his fortunes.
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