E. Jean Carroll deadline unearths Donald Trump’s worst nightmare
The legal system doesn’t move forward at the pace that anyone would like, but it does indeed move forward. To that end, once the judge certified the verdict awarding $83.3 million to E. Jean Carroll, Donald Trump had thirty days to post bond, or else the collection process would begin.
Trump has made filings aimed at delaying that deadline, and aimed at only paying a small fraction of the bond. But these filings have gone nowhere, and now Trump is just three days away from the deadline.
This deadline will provide an interesting view into just how dire Donald Trump’s collapsing finances are. Just how little cash does Trump have on hand at this point? Just how few of his assets are in good enough shape to pull equity from?
Trump also faces the no-win decision of having two financial deadlines. He has three days to make a decision on the E. Jean Carroll verdict, and he has about three weeks to make a decision on the nearly half a billion dollar New York civil fraud verdict. He might be in a situation where he can afford to post the smaller bond in the Carroll case, but not the larger bond in the fraud case. Or he might not be able to afford either.
In any case, we’re now just a few days away from getting our first true look into Donald Trump’s collapsing finances. It won’t be the last. Once asset seizures inevitably begin in one or both verdicts, we’ll get a much more intimate look at just what all Trump has really been trying to get away with.
