Former President Donald Trump must come up with the full bond amount to cover the $454 million verdict in the civil fraud trial, an appeals court judge ruled Wednesday.

The judge, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to obtain the necessary funds

  • protist@mander.xyzEnglish
    7·
    9 months ago

    Any bank lending to Trump is at high risk of losing money. He could’ve gotten a loan from any bank in any other state, right? How is having access to a bank in NY going to change anything?

    • IphtashuFitz@lemmy.worldEnglish
      8·
      9 months ago

      Probably because they would accept Trump Tower and other NY assets as collateral. But any bank that actually did and tried to sieze them after he defaults would likely face years of lawsuits. Caveat emptor and all that.