Trump can't afford to post bond in his fraud case

Contributing sentiments towards policy:

63% : Trump is appealing all these verdicts.
48% : For large insurance companies, which often handle large bonds, working with Trump might be particularly fraught, as the industry is one of the most highly regulated.
44% : But as those appeals work their way through the court system, Trump will need to post bonds in excess of what he owes if he hopes to avoid having to immediately fork over the money to the plaintiffs.
39% : According to his lawyers, Trump has queried more than 30 financial firms -- including what they describe as the world's largest insurance company -- but none have been willing to front the cash.
38% : According to a filing Monday by Trump's attorneys, Trump has been unable to find anyone willing to fund such an enormous bond on his behalf.
38% : Part of the trouble, according to the filing, is that while Trump has assets that are theoretically worth more than enough to be used as collateral to secure the bond, the bond companies have little interest in being stuck with his hard assets -- a Trump golf course, say -- were he to ultimately default.
35% : When Trump was in office, after all, he sought to use his power to punish those who angered him.
32% : Aside from the sheer size of the fraud award, another stumbling block may be one that has dogged Trump for some time: many lenders are simply wary of doing business with him.
30% : Trump was found liable for defrauding insurance companies and banks by giving them falsely inflated values for his properties -- which meant he saved hundreds of millions on insurance policies and loan interest.
28% : Trump does not have that kind of money -- at least not in cash.
28% : This is particularly problematic for Trump because without such a bond, James would be able to collect the damages starting next week, and it's nearly impossible to raise that kind of cash in a week.
24% : In a trial last fall, James' office successfully convinced Judge Arthur Engoron that Trump had cheated those financial institutions out of at least $355 million, and with penalties and interest the award rose to $455 million.
22% : On top of that, he has also been ordered to pay more than $85 million in damages to writer E. Jean Carroll, who, a federal court found, Trump repeatedly defamed by mocking her and denying her allegations that he had sexually assaulted her.
17% : Lawyers for Donald Trump asked a state appeals court to put a stay on New York Attorney General Letitia James' right to collect roughly $450 million in damages from the former president.

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