'What are they going to do?' CNN host says Trump officially in 'panic mode'
Former President Donald Trump has about four days to come with the $464 million bond in his New York civil fraud case judgement. Attorney General Letitia James has threatened that she will start to seize his assets if he does not.
On Wednesday, CNN host Kaitlan Collins laid out her recent report on the fact that the ex-president has officially begun to panic.
"Kaitlan, you describe Trump as being in 'panic mode' right now just ahead of the Monday deadline," CNN's Wolf Blitzer said. "Tell us about that."
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Collins replied, "Well, it's a predicament that Trump has not faced — one where he is facing such a massive bond that he owes. One that he and his team believes is unfairly too high in order to move ahead with this appeal that he very much wants to do. But they are in a position right now where they have not found anyone to underwrite that bond and to back it up.They contacted all of those insurance giants. Trump had been counting on one in particular to come through — that is Chubb — that is the one that underwrote the bond that he had deposed to about $90 million in the E. Jean Carroll case, not too long ago. That was something that came through with the 11th hour, I should note. And Trump had kind of been under this belief that that was going to come through for this one as well."
She continued, "But the problem here is that, really the collateral that they had to offer was real estate, and that is not something they say in this — what they filed to the attorney general, to the court here, that they believe that many of these companies wanted to take them up on. And so really the question is right now, what are they going to do? And that is what we're hearing about this sense of panic in Trump's world is because it is real predicament where he is only days away from a potential financial crisis here and having to confront that. And yet they still do not have a solution here."
Collins added, "Now I will note this is Donald Trump in the E. Jean Carroll thing he came out at the 11th hour with a solution there, people in his orbit still believe that that could be an option here. But in the sense of what they're doing, Wolf, they're reaching out to wealthy supporters to see if that's an option here."
The Source with Kaitlan Collins host said, "They are looking at properties that they could sell and which ones they could sell quickly. That is something that is proving to be more complicated than they initially believed. And so it's still really an open question of what is going to happen over the next several days before that Monday deadline."
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Watch the video below or at this link.
Trump officially in 'panic mode': CNN hostwww.youtube.com
