Transcripts For MSNBCW Katy 20240704 : comparemela.com

Transcripts For MSNBCW Katy 20240704

In excess of 400 million in cash, which is a lot for a developer. Developers usually dont have cash. They have assets. Not cash. We have, i believe, 400 plus and going up very substantially every month. That was donald trump less than a year ago during a Closed Door Deposition in his new york civil fraud case, but today, he says he does not have that money. That m coing up with the 464 million bond is a quote practical impossibility. That it would require a fire sale of his assets. His legal team is making an appeal to the judge but instead of helping his case, donald trump is now lashing out on social media saying quote, engoron wants me to put up the ridiculous fine, i did nothing wrong, before i get a chance to appeal his crazed ruling. But first, any business dealing about moving into new york is crazy. James is politically corrupt and ran on i will get trump. So, is this panic or politics . Or is it a little bit of both . Joining us now to nail down what exactly we know about trumps current financial state, what we expect from the judge and how the rnc might try to step in to help is garrett haake. New york times investigative reporter, and chairman and cohost of the weekend, Michael Steele. Garrett, im going to start with you. Donald trump is saying he doesnt have the money. What do we know about the efforts hes made currently to get this bond money . His attorneys say theyve reached out to 30 different concerns. None of these folks would take his physical properties as collateral and he doesnt have the cash in his Bank Accounts or the Trump Organizations Bank Accounts to put up the money himself. The deadline is monday. We dont know when the judge will rule but presumably it has to be before then. The attorneys saying theyve made this good faith effort to find someone to make the bond but theres not that many people who can front the money. Are they prepared to start selling off assets if need be . I have no basis by which to answer that question other than Donald Trumps truth social post suggesting that he would have to do so at a fire sale. Not the thing you want to be off loads distressed assets. His truth social account is essentially his diary. He posts his unfiltered thoughts there. And the fact his needs for cash go beyond just this case. Theres also his campaigns need for cash. There are sort of a widespread desire to get more money into the trump political and legal system. Just not there right now. What can you tell us about how the campaign is dealing with this . Do they see this cash crunch as significant . I mean, are they, you say theyre looking for more money. Where are they looking . The campaign has been sort of surprisingly open about the fact they expect to get outspent in this election and they understand that President Biden and his allies might spend A Billion Dollars. And that theyre going to struggle to keep up with that. Donald trump has long been politically by a small donor donation machine. His supporters across the country fuelling into that. Trump has been more solicitous of big donors. Theyve been trying to lure more traditional donors in since the primary ended. We havent seen much campaigning from trump. The event on saturday was an event posted by a pac he attended. Theyre trying to guard the cash they have and try to bring in more money. The fact the other new york case got pushed off by a month sort of frees up a bunch of time in his calendar and its one of the questions im trying to get an answer to how much of that time is going to be spent campaigning and how much is going to be sprent trying to he has a bunch of cameras in front of him. I want to get down to the finances of this. This was a 4,000page motion, appeal, that the Trump Legal Team made to the judge. Theyre saying they cant find this cash. Have they exhausted all their resources . All their options . A little bit i think theyve still got some moves here, but they are in trouble. I think both can be true. I dont think theres any doubt that donald trump is facing a severe crisis right now. It looks like nobody will take this, will post this bond for him. They want cash, cash, cash, cash. We saw with the e. Jean carroll bond, he had to post that. We know he posted a gave him cash. Trump handled the bond and behind that was an account he had at charles schwab. Theres affidavits from this, both from their broker whos trying to find the bond and in the Senior Executive at the Trump Organization that said they have tried and everybody wants cash and they were in negotiations with trump for this larger bond and chubb was looking potentially at taking some real estate and they said no. Its a lot of cash to have on hand and he doesnt have it. Very clear about that. Let me ask you, david, because youve done so much reporting around Donald Trumps finances and the real estate side of things. Why would these companies not want to take real estate as collateral . Well, the general reason would be that its not liquid. Its harder to collect. The other thing is there arent a lot of properties that trump owns free and clear. Even his golf courses, most of which arent worth enough money to make a difference, theres all these member deposits. If trumps going to sell them, he has to give back the member deposits. His buildings, he only owns the commercial floors or some condos. Theres not that many big assets that he could put over as collateral that a bank could sell right away. Is this panic, suzanne, or politics . Him saying i cant find this cash and i dont know im going to do, or all these social media posts where hes going after the judge again, going after james, saying he doesnt have the cash and he shouldnt have to do this. Shouldnt have to pay a bond on appeal. Is this him trying to use this to his political advantage . I think theres some political advantage and i think this is just another legal maneuver. Why not go to the court . Youre in a crunch. He may get relief. The court may say you know, lower the bond amount. Theres still some legal avenues potentially that could happen or you know, in the meantime, this also could send a bit of a flare up saying you know, people, everybody know hes looking for this and someone may come forward. Its almost hard to believe at this point that somebody who there might be a last minute person come forward. Its not a secret this is going on, but you never know. Its now very clear to the world that he cant come up with the money. The judge gave him no leniency whatsoever during the trial or the case. What makes his legal team think theyre going to get Something Like that now, especially when hes going after him on social . There could be an appeal after this. Of the bond . No, just an appeal to another court to get some sort of relief. So that it can be stayed. He still have a few more legal maneuvers left. David, what do we know about Hiss Finances . He said last year he had 400 million plus. What do we know about the money he has today . About 350 million in cash. Or liquid assets. The e. Jean carroll verdict, that was about 91 million. So hes already pledged a huge chunk to that. He cant count that twice. The wild card is if you remember truth social, it has this Weird Spac Arrangement where its going to go public on wall street. The vote is on friday. If those shareholders vote to authorize that, trump could come into more than A Billion Dollars worth of stock out of nowhere. He probably couldnt use it any way, but thats the wild card. If that vote goes forward, he could get an infusion of cash from shareholders. Just to add to davids point, one thing thats important to remember at Donald Trumps Cash Position is we dont know unless we have his Bank Statement from this morning. About a year ago, he may have had 150 million in cash, but he has got constant draws on his cash. Most of his businesses lose money and some require capital injections so i think its just really important to remember unless youve got a Bank Statement from this morning, you really dont know what youre playing with here. Its a privately held company and its not as transparent as others might be. Michael, ive been saving you because i want to get the politics of this and what donald trump might do to raise money to pay maybe not in bond. Its so, so, steep, but the other legal bill hes facing that garrett outlined. Hes installed his hand picked people at the rnc including his daughterinlaw. She had said the rnc would be willing to pay some of these legal bills. Shes walked some of this back. How might the rnc get involved . Theyll be involved in any number of ways that the lawyers can figure out. The fact theyve got wattly and laceveda in place covers the political piece and sort of the Management Side of that equation. Now its just a matter of given the counsel they recently installed who is all maga all the time. Theres going to be at least a consistency in the effort overseen and really sort of physically represented by laura trump. Donald trump will get his money if he wants it siphoned off to some degree. Tens of millions of dollars in legal fees. This, weve just been talking about what he has to pay as a result of judgments. We havent talked about what the legal fees that are owed to you know, stave off those judgments and to further defend those judgments. So that in many respects is where youll see some of the dollars go and thats why theyve been so defensive about not paying the fees. When he gives chris a legal bill, the rnc will pay it. So thats going to require, you know, a level of Due Diligence by those who look at the, every 30day fec filings of the Republican National committee to see exactly where those dollars are going and who theyre going to and how theyre being categorized. Thats important. Because i can have an event at a hotel and just list the hotel and a dollar amount. You then have to peel back the onion and see exactly what those costs were et cetera. So its, there are a lot of ways in which they can hide those expenses. Note to self, when it comes out, call Michael Steele and have him go through it line by line. I dont know how they hide it. Receipts, et cetera, actually mean. Let me ask you about what this is going to mean politically. Hes tried to use these cases to his political advantages. Tried to use them as impromptu or unofficial rallies talking to reporters outside the courthouse. Hes not due in court for a little while. Theres a little bit of a lull in time as garrett was saying and theres not any indication hes got a full campaign schedule. These rallies are really expensive and garrett mentioned the small donors are potentially going to be a problem for donald trump. How does he conduct the business of campaigning if he doesnt have a lot of cash and hes not going to court that much . I think you see that already with the truth social platform. When youre looking at this calendar here, where in here does donald trump raise money . How does he do it . Where within these events does donald trump have events himself. The reality is yeah, i can go out and keep beating that drum about the prosecutor and the judges, right . And that will generate a certain level of cash. I can tell you the number of you know, times a day i get a text from Donald Trumps campaign, you know, begging for cash. The small dollar donor will be an initial play and he will generate some real money from that. I dont think people should sort of slough that off and think theres no cash available to him or his campaign in that space. You have small dollar donors out there hosting go fund me accounts for his legal bills, for example, so there will be a number of ways in which he can leverage that but at the end of the day, it boils down to can you put up the band and how is that money backed when you do. And that is a problem because he has to go to a bank. Hes got to go to a surety to get that kind of cash. Youre not raising 100 million let alone 400 million from a small dollar donor. Im looking through my email and if i type make America Great or maga, im looking at Campaign Solicitations every day, multiple times a day. If i type in donald j. Trump, another set every day. Multiple times a day. And there are a few other accounts. Yeah, you do get a lot of them. You get a lot of them from everybody. The democrats send a ton as well. Michael, david, suzanne, thank you very much for trying to pull back the curtain on Donald Trumps finances. Its a difficult thing but you guys do a great job of doing it. Still ahead, what the Supreme Court just did thats having an Immediate Impact on mie dwrant in texas. Plus, what a new report says is happening right now in louisiana. And what does donald trump get out of insulting American Jews . Were back in 60 seconds. N jews were back in 60 seconds the Supreme Court just ruled texas can enforce is controversial immigration law, allowing local Law Enforcement to arrest and charge migrants. Joining us now is mark josepher stern. Thanks for being with us. Explain this ruling to me. So this ruling allows texas to immediately enforce an unprecedented law that does allow State Authorities to interfere with federal immigration enforcement. As you said, it allows state agents to arrest, to prosecute, to detain migrants. It prevents many migrants from seeking asylum as is their statutory right. It actually nullifies some federal laws that require the federal government to take the lead in enforcement at the border. The Supreme Court by a 63 vote has now let that Law Take Effect but with a big footnote which is that justices Amy Coney Barrett and Brett Kavanaugh say basically were not rendering a financial decision here. All were saying is that the Fifth Circuit has successfully shielded its decision from review for now. Were letting them do this kind of games man ship to prevent us from stopping it. We wont let the Fifth Circuit keep playing this game forever, but for now, were going to exercise our discretion. From sotomayor and jackson, they say today the court invites further chaos and crisis and the court gives a green light to a law that will up end power so chaos concluded it is likely unconstitutional. Explain it going back to the Fifth Circuit and we were talking about it yesterday. You say this is a very, very conservative court. Absolutely. And what the Fifth Circuit has begun doing is attempting to insulate its decisions and orders from Supreme Court review by putting a magic word on them. Calling them administrative stays. Thats what happened here. A trial judge blocked this law. The Fifth Circuit stepped in and issued what it called an administrative stay. Those are supposed to be very, very short periods of time when the court can sort of get its act together, hear motions from parties, and issue a decision very quickly. Its not supposed to be a longterm thing. But what the Fifth Circuit has done here is slapped an administrative stay that is indefinite, that could go on for weeks or months, refuse to say when it would take further action and use that to insulate the decision and that worked. Thats one of the things that sotomayor is so upset about. Shes basically saying you have let the Fifth Circuit turn itself into a miniature Supreme Court. Thats what Justice Barrett and kavanaugh are concerned about, but they say we dont think the Fifth Circuit has crossed the line yet. We see its a problem but were not going to step in in this case. Well give them another shot then maybe next time around, well take real action. Thank you very much. And coming up, what jewish democrats are saying today after donald trump claimed they quote hate their religion. Plus, a new report raises red flags about Prenatal Care in louisiana. What it is explicitly warning. Dont go anywhere. Explicitly wg dont go anywhere. So you can t so many selfies. A preposterous amount of pano that means panoramic. And as many portraits of me as your heart desires. woman how about none . boy none. man yea none feels right. vo tradein any iphone in any condition and get a new iphone 15 pro and an ipad and apple watch se all on us. Only on verizon. Wanna know how i get this glow . i get ready with new Olay Indulgent moisture body wash. 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