Will Letitia James seize Trump Tower? Clock ticks for ex-president to pay $464m bond

Mar 20, 2024 View Original Article
  • Bias Rating

    -18% Somewhat Liberal

  • Reliability

    70% ReliableGood

  • Policy Leaning

    10% Center

  • Politician Portrayal

    92% Negative

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

21% Positive

  •   Conservative
SentenceSentimentBias
"On Wednesday, The New York Post quoted Trump insiders as saying that the former president may be inclined to simply do nothing rather than continue to scramble to raise the money from companies, wealthy friends or donors or file for Chapter 11 bankruptcy, which would in any case not rid him of debts accrued through fraud and definitively undermine his claims to be a billionaire businessman and therefore, potentially, his electoral appeal."
Negative
-28% Liberal
"Please try again later{{ /verifyErrors }}Lawyers for Donald Trump notified an appeals court this week that their client has failed to secure a bond to satisfy the $464m civil fraud judgment levelled against him by a New York court, saying finding a company to back such a large amount of money was proving a practical impossibility."
Negative
-30% Liberal
"Assuming his legal team caot secure a pause in the enforcement of the financial portion of the judgment in the meantime, allowing Monday's deadline to pass would enable Ms James to seize his bank accounts and real estate assets, including Trump Tower - whose golden escalator he famously sailed down in June 2015 to aounce his initial presidential run - and leave Mr Trump to gamble on his being able to recover his possessions later via an appeal to the US Supreme Court."
Positive
0% Conservative
"With interest ticking ever-upwards at 9 per cent or $120,000 a day, the exact total he owes at the time of writing (Wednesday 20 March), according to the helpful Trump Debt Counter website, is $467.6m.The case was brought against the 45th president and his fellow executives in 2022 by New York attorney general Letitia James, whose office has since asked the appeals court to reject Mr Trump's latest protestations."
Negative
-2% Liberal
"Mr Trump has hotly objected to a fire sale of his property empire - selling off assets to generate cash to meet the bond - but failing to do so risks allowing such prized properties as Trump Tower in Manhattan, so integral to his brand, to fall into the hands of New York attorney general Letitia James, who has already said she is more than happy to repossess his holdings."
Negative
-10% Liberal
"That money would not be recoverable even if Mr Trump were to ultimately succeed in overturning the judgment against him."
Negative
-16% Liberal
"She added that the Trump camp's claims boil down to the proposition that sureties have been unwilling to accept Mr Trump's real estate holdings as collateral but that the defendants had failed to supply documentary evidence that demonstrates precisely what real property they offered to sureties, on what terms that property was offered, or precisely why the sureties were unwilling to accept the assets."
Negative
-16% Liberal
"She added that the Trump camp's claims boil down to the proposition that sureties have been unwilling to accept Mr Trump's real estate holdings as collateral but that the defendants had failed to supply documentary evidence that demonstrates precisely what real property they offered to sureties, on what terms that property was offered, or precisely why the sureties were unwilling to accept the assets."
Negative
-16% Liberal
"Even if there is a taking, it doesn't mean he can't take it back later, the Trump source told the newspaper."
Negative
-16% Liberal
"Ms James further argued that, even if the court were to accept Mr Trump's argument that real estate is difficult for a surety to accept as collateral for a bond, they had failed to suggest a serious alternative."
Negative
-22% Liberal
"On Wednesday, The New York Post quoted Trump insiders as saying that the former president may be inclined to simply do nothing rather than continue to scramble to raise the money from companies, wealthy friends or donors or file for Chapter 11 bankruptcy, which would in any case not rid him of debts accrued through fraud and definitively undermine his claims to be a billionaire businessman and therefore, potentially, his electoral appeal."
Negative
-14% Liberal
"Please try again later{{ /verifyErrors }}Lawyers for Donald Trump notified an appeals court this week that their client has failed to secure a bond to satisfy the $464m civil fraud judgment levelled against him by a New York court, saying finding a company to back such a large amount of money was proving a practical impossibility."
Negative
-14% Liberal
"Mr Trump was able to secure a $91.6m bond earlier this month enabling him to appeal the defamation verdict against him in the E Jean Carroll case through the Federal Insurance Company, a subsidiary of the Chubb Corporation, whose CEO was appointed to a trade advisory committee during the Trump administration."
Negative
-46% Liberal
"Mr Trump was able to secure a $91.6m bond earlier this month enabling him to appeal the defamation verdict against him in the E Jean Carroll case through the Federal Insurance Company, a subsidiary of the Chubb Corporation, whose CEO was appointed to a trade advisory committee during the Trump administration."
Negative
-46% Liberal

Bias Meter

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-100%
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100%
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Bias Meter

Contributing sentiments towards policy:

36% : On Wednesday, The New York Post quoted Trump insiders as saying that the former president may be inclined to simply "do nothing" rather than continue to scramble to raise the money from companies, wealthy friends or donors or file for Chapter 11 bankruptcy, which would in any case not rid him of debts accrued through fraud and definitively undermine his claims to be a billionaire businessman and therefore, potentially, his electoral appeal.
35% : Please try again later{{ /verifyErrors }}Lawyers for Donald Trump notified an appeals court this week that their client has failed to secure a bond to satisfy the $464m civil fraud judgment levelled against him by a New York court, saying finding a company to back such a large amount of money was proving a "practical impossibility".

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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