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CNNW Inside July 4, 2024

However, the Fraud Judgment against him while he appeals it. But this morning his lawyers say he cant find an Insurance Company to underwrite it for him. Now what happens and why cant the cell for claim billionaire, but the cash up himself plus eighttenths phone call, President Biden and Prime Minister netanyahu will talk today for The First Time in weeks. It comes after a furious netanyahu told me in an interview previewed that he doesnt need american politicians telling him what to do. And this behind some of the biggest political victories of the late 20th century. Join me live this. Our James Carville Have Ogallala together again with their Reelection Advice now, for President Biden im dana bash. Lets go behind the headlines and inside politics first up that Breaking News about attorneys for former president donald trump, calling it practically impossible to get a bond to pay the 464 Fraud Judgment. Cnns Kara Scannell joins us live from new york. Can you put this in laymans terms for us, kara yeah. So the deadline for donald trump to come up with the 454 million that he personally is on the hook for plus interest is just around the corner. Its next week. And what trumps attorneys are telling a new York Appeals Court panel today that they cant get an insurance underwriter to cut back this amount of money. They said that theyve approached 30 Insurance Companies. None of them are willing to underwrite a bond of this size. And they said that there are two obstacles theyve encountered. Some Companies Just are not capable of posting a bond and excess of 100 million. This is five times that amount, and that the ones that can none of them will accept any property as collateral in order for them to underwrite the bond they want trump to give them cash or stock, something that can quickly turn into cash. And that is what in the words of one of trumps attorney has become a major obstacle. So theyre telling me Appeals Court they cant come up with this bond there have asked the Appeals Court to allow them to go forward and appeal the entire decision in this case without posting the ban saying that trump has the real estate properties, they are the assets they can be something that the new York Attorney Generals Office can sees. So theyre asking for this continuation of not having to put up the money in order to appeal okay. Cara, thank you so much for that reporting appreciate it. I want to bring in cnns Kristen Holmes and former federal prosecutor, nato mariotti. Were not lets start with you because youve representative you represent it large Real Estate Developers before what happens if they cant get a bond off, they cant get a bond. A Collection Efforts go forward, which first of all can be expensive. Okay. Its a Court Process where the new York Attorney general is going to be trying to collect that judgment, could potentially put liens on properties in essentially entering that order into various other proceedings. For example. So that would potentially be an issue for trump. He doesnt if hes already got his real estate highly encumbered with loans and so on, having to deal with Collection Efforts and pay attorneys to fight off Collection Efforts is yet another problem that he doesnt want to have to deal with and his attorneys say that he approach 30 underwriters to back the bond, does that make sense to you that they would all say no well, in my experience, Real Estate Developers tend to be very highly illiquid. They tend to be highly leveraged. They tend to have all sorts of loans. They might ever revolving line of credit. They may have various loans and personal guarantees out there. However, what i will say is that this is not a complete surprise that donald trump, its not like the new York Attorney generals case happened over the course of minutes. Id happen over the course of years and trump could anticipate potential judgment ben and the fact that he hasnt prepared by refinancing and making, Selling Properties and so on, suggest that he may be less wealthy than he is portrayed himself to be. On that note. Thank you for teeing up. Kristen holmes, who covers the Trump Campaign for us. Kristin you know very well that a big part of Donald Trumps identity is how wealthy he is. And the idea that he cant pay this money. I mean, it wouldnt be Out Of This World for uri or most normal people not to pay half 1 billion and not to have that lying around in our bank account but might be different when it comes to how donald trump thinks hes perceived yeah. Did i just want to start by saying that you should know that there are a lot of trump allies who watch your show and theyve been texting me with the argument of 1 moos billionaires are not liquid, is not that surprising. The other arguments saying this is about the Insurance Companies, this insane the amount this is their words, not mine in terms of the bond, these Insurance Companies cant get that much that much clout. All so there is an argument here among trump world, but as you note, donald trump himself has painted himself has entire image, not just politically, but also before that his brand on being a billionaire and that is why this case was so personal for him in the first place, was the idea that everything he had built was essentially on ally was it was fraudulent that he wasnt really this rich, that he had inflated those numbers. Thats why you saw him so fascinated and so intent on being part of this case sitting in that courtroom listening to these various witnesses, because it is to his personal brand. It also goes to his political brand. This idea that i built myself up as a billionaire and i could do that for you to goes away if you cant afford to pay this money. And let me just go back to it. Were not on this because you did mention that most Real Estate Developers are not liquid they cant just write a half 1 billion check. I think that is probably true for most billionaires are though. I dont certainly have that experience to really know firsthand but if they have assets the question is, you said, maybe if he prepared, he would start to sell things off. I mean, is that a real possibility that he might have to do that . Well just say that in other circumstances, other matters that ive handled that is whats happened essentially Real Estate Developers refinance properties, Sell Properties do what they have to do to get cash. Now, candidly, ive never been in a case where Real Estate Developer needed hundred grids and hundreds and hundreds of billions. Its only been in the tens of millions, but nonetheless, for those Real Estate Developers, it was a very significant asked to come up with that kind of muddy if you have if your net worth is in the hundreds of millions. But for donald trump nonetheless, he could have anticipated this and sold the property in the midst of the new York Attorney generals proceeding. I really would say one of two things is true here. Either he doesnt have the wealth that he suggests he has or he didnt plan whatsoever was so blind to what was occurring that he essentially left tim self in a position where now hes going to incur significant costs and hassle and disruption to his business that was unnecessary okay. Were not were going to thank you at this point. Really appreciate you giving us that perspective. I wanted to talk more about politics, kristen, youre going to stay with us because we saw some of the darkest rhetoric weve heard yet from donald trump on this 2024 campaign trail, he spent the weekend praising insurrectionist dehumanizing immigrants, threatening to put political opponents in jail. Im told some of the language went so far that it made even somebody his own campaign uncomfortable, kristen, i know you have been on the phone with your sources inside the trumps, Trump Campaign. People who advise him, what are you hearing . Well, i talked to one ally who thinks, put it best this weekend saying he certainly doesnt make our lives any easier when he talks like this. But one thing i want to note is that donald trump always speaks in these dark rhetoric. He has been doing this since he launched his candidacy. Remember, cpac, but a year ago, he talked about i am your retribution if you hire me, ill be your revenge. The difference now is that weve entered a different stage of donald trump. Donald trump is no longer living in a conservative vacuum where only his speeches are taken on conservative networks where he rants on truth, social, which has far less millions less users and somewhere like twitter, he is now oh, the gop nominee. He is entering a general Election Campaign cycle. So everything he is saying, all of these dark remarks are being really amplified, particular by people who are watching for The First Time tuning in for the fact that he is now the republican nominee. And also by the Biden Campaign, who are using these remarks, turning them into campaign ads, into little clips on the internet. This is something donald trump has been doing. This is how he talks. Now, the idea is what happens when you shift into a general election. And the big question is, can his Campaign Control any of this . They know who their candidate is. They know they cant control what he says when he he says it, how he says it, but how do they control the messaging to try to get away from this . Because this is just to donald trump it is. Yeah. Such good points. Thank you so much for that reporting, kristen, before we talk more about what the former president s said over the weekend, i want you to listen to some of it to get a better sense of the context. Of the language who is using ladies in gentlemen, please rise for the horribly at unfairly treated january 6, Hostages Spirit from the hostages. And thats what they are as hostages. Theyd been treated terribly and very unfairly. And, you know that Everybody Knows that and were gonna be working on that suit as the first day we get into office was going to save our country. Were going to work with the people to treat those unbelievable patriots. And they were unbelievable patriots. If i had prisons that were teaching teeming with ms 13 and all sorts of people that theyve got to take care of for the next 50 years, right . Young people, theyre in jail for years. If you call him people, i dont know if you call it people in some cases than not people in my opinion, ive seen the humanity and these humanity, these are bad these are animals, okay, were going to put a 100 tariff on every single car that comes across the line and youre not going to be able to sell those guys. If i get elected now, if i dont get elected, its going to be a bloodbath for the whole thats gonna be the least of it. Its going to be a bloodbath for the conscience journey me now to discuss all of this is cnns manu raju, lauren, laura, sorry for her on lopez of the pbs newshour and bloombergs to lay a mohsen. Thank you so much for all beings. In here. I think what kristin said is so important. And ive been to i went to a few trump rallies during the primary campaign. We all because its our job to listen to and watch what donald trump has said. It is different because the audiences is different. Its the entire country country. He doesnt just need primary voters now he needs enough voters to win reelection and he has not changed his tune. In fact, hes maybe doubling down on it the day after he gave that speech, he went on his Social Media Platform talking about liz cheney. She should go to jail along with the rest of the Unselect Committee said his first acts as president will be to close the border, drill, baby drill, and free the january 6 hostages being wrongfully imprisoned. I just want to say as you come in you were there on january 6 the people who are in jail after due process are not hostages. Yeah, theyre not. And it was not a normal tourists visit either. It was a violent attack, deadly attack, orphic attract, the capital that many people are down trumps own party believe is a shameful day. Whats been remarkable, how trump has gone to embrace you would think in the aftermath of all of that, that you would run away from this are trying to clean it up in some way. I know this is central to his campaign. He began his rally talking about january 6. This really just speaks to trumps got one strategy, one note that hes been doing in 2016, 2020, and now 2024 red meat to the base. It is not a pivot to the general election. Its not a pivot to more moderate voters. He believes rile up the base, maybe the other guy is less popular than you are and the disaffected middle pick off enough to win election. And thats what hes doing here i think its also important to note that this is the type of rhetoric that trump has used since 2016. I mean, he would have to yeah, he would more a phi violence. He would joke and talk about beating people up during his Campaign Rallies with sometimes broke out in fistfights and arrest in 2,015. 20, 16 and the historians and scholars that ive talked to say that making violence patriotic, you know, hes called january 6 insurrection is patriots he saluted them, played The Star Spangled Banner that they saying making violence patriotic is fundamental to authoritarian and fascist movements according to scholars who study this, this also comes after a week of cnns jim sciutto revealing that trump himself has praised dictators authoritarians, adolf hitler himself. Hes echoed the words of adolf hitler. So, yes, his campaign is trying to say he was talking about the auto industry, but in that quote, he also says that that would be the least of it. And its very clear who hes trying to speak to and that he sending a signal to those same january 6 defendants that its okay if im elected, you will be pardoned. You will be released and what signal does that send to other supporters in the future that, that violence may be okay . Yeah. And your your right heel . Yeah obviously has been doing variations of this since he stepped came down that escalator in june of 2015 the difference if there is one post january 6 is i think because of the magnitude of what happened on january 6, and because so many of his supporters were actually cowering, understandably, so you hoping that they werent going to get hurt or worse, that this is still something or even more so that donald trump is leaning into and according to some great new reporting from isaac deavere, Steve Contorno and andy gray, annie grayer, rather joe biden is kind of surprised about this as well, the story is, why does biden keep mentioning january 6 . Because trump wont stop talking about it. Biden aides use words like stunning to describe the way trump has not just kept january 6 present, but burrowed even deeper into Conspiracy Theories while trump is talking about what he will do for the insurrection as biden aides believe theyll be able to make the case to voters that the president will make a difference in the lives of the people who arent in jail for invading the capitol what were seeing is a pivot toward the general election from both campaigns, you heard this. You just read the comment from the Biden Campaign and they are trying to remind everyone of the a6 of the trump era because theres a huge part of the electorate that actually has nostalgia about the trump era. And trump is out there kind you have like a bit of an incumbent because he says i will ive been president and ive accomplished all these other things and look at that other guy. Meanwhile, biden doesnt also want to necessarily always named trump. Theyre both pivoting. Its coming toward each other and now were hearing trumps rhetoric. Get wilder and wilder as he is rallying his base and try time to like menus said, grab the disaffected middle. Yeah, amy, what a gift to the bun campaign for trump to continue to inject this into the public sphere because they are seeing this is an opportunity to run with here for trump to be effective in his campaign. You think you want to make this our referendum on the current president and the things that heel he has not done well in office right along the economy about how inflation has gone and all the rest. But instead, hes reminding voters about january 6 and is bringing right back from the conversation. And then i will just say that the people who you talked to every day during the primaries, if they didnt endorse trump, they could say, well, ive endorsed x, y, or z person they cant say that anymore. Governor dwyane and stan State Of The Union, who is not exactly been a rah rah trump guys said he would endorse him as did senator mike rounds told me that as well. The only person who hasnt is mike pence, very actively not endorsed him and says that he will not endorse him. Hes an outlier, but i guess if somebody thr

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