If Trump doesn't collect nearly half a billion dollars by Monday, New York Attorney General Letitia James can begin seizing his bank accounts and assets.
Here's how CNN's Erin Burnett Outfront discussed what could happen next.
BURNETT: Okay. So Ryan, quick, takes Stephanie in, what happens next, if she can't, she loses in court. It cannot sell the building until next Monday, which it cannot.
So what.
For more stories like this, subscribe to our newsletter The Daily.
GOODMAN: Then Letitia James seizes his property, freezes all his assets, bank accounts. And as Eric said, it's not, it's not limited to New York. So he probably understands at this point where he has various assets in Florida, Mar-a-Lago, and elsewhere.
BURNETT: And what does that mean, he can't get into them, or people can't go? What does it mean?
GOODMAN: It means that to some extent it will not be possible to fight against him in the courts. But for that period it really becomes unusable. And how is he able to start any additional business when they are in foreclosure, the courts are seizing.
BURNETT: So Stephanie, what does this really mean for her? I mean in the context that he is now publicly admitting that 30 insurance companies have refused this bond.
STEPHANIE GRISHAM, FORMER WHITE HOUSE PRESS SECRETARY OF TRUMP. Yes. The fact that this is now being covered by the media, this is going to be very, very hard on his ego and not just Donald Trump, but the whole family. This is going to – this is going to hurt them. It will hurt their egos, and I'm sure that soon, it will be tonight, maybe tomorrow, we'll hear about the Democrats on the left going after him, etc., etc., etc.
You know, hearing you guys talk about his assets, though, I think if it was going to happen, 40 Wall Street would probably be him, I mean, he would do it. But I think if he tried to take over Mar-a-Lago or Bedminster or Trump Tower, I mean, those are his kids. You own Sterling Golf Course in Virginia.
Video.
Trump's nightmare scenario could begin on Monday. “Letitia James seizes his property, freezes all his assets, bank accounts” (video: CNN) pic.twitter.com/GLar8gVU7M
Mike Sington (@MikeSington) March 19, 2024
If Trump fails to come up with nearly $500 million by Monday, despite being turned down by 30 bond companies, New York state is set to begin seizing his assets, which could include his golf courses and Florida property. like Mar-a-Lago.
Most of the real estate that Trump claims to own, he only owns pieces of it.
Attorney General James is well aware of Trump's assets, and the AG's office likely has a list of assets they will target in court if Trump defaults.
The looming New York deadline is likely one reason Trump filed a distraction lawsuit against George Stephanopoulos and ABC News.
Jason is the managing editor. She is also the White House Press Center and Congressional Correspondent for PoliticusUSA. Jason has a BA in Political Science. Her graduate work focused on public policy, specializing in social reform movements.
Awards and professional memberships
Member of the Society of Professional Journalists and the American Political Science Association
Leave a Comment