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Americas Newsroom

they say that means it is not secure. the ceo of knight insurance company has previously told me he is sure he has the collateral for this bond. of course you may recall an appeals court previously reduced the amount of bond to $175 million from roughly $464 million. that was a move legal experts suggest appellate judges may be sympathetic. but it's engoron who will be deciding this issue. we'll see whether he keeps the bond. >> lawrence: all endale michigan, this morning. we have three diners this week. >> ainsley: bye, everyone.

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Americas Newsroom

shame and comes out of washington in coordination with washington, everything including the d.a.'s office. in coordination with washington. i just want people to understand that. this is done for purposes of hurting the opponent of the worst president in the history of our country. second of all we have another trial going on right now that is letitia james. campaigned on the fact that i will get trump. and it has to do with a bond of $175 million. first of all she doesn't want me to participate with financial companies in new york so we had a company i guess based in california, a bonding company and i put up $175 million in cash but she said the funding companies isn't good. she doesn't like the company because she doesn't know if their collateral is good. i put up $175 million in cash and she is questioning the bonding company. when you push the cash and the number is $175 that what we were supposed to be putting up and

People , Everything , Office , Washington-in-coordination-with , Opponent , Shame , Coordination , D-a- , Purposes , Washington , Criminal-trial , President

Americas Newsroom

insurance company and the new york attorney general's office. lawyers for the a.g. are asking the court to invalidate this $175 million bond because they have questions about whether the insurance company could actually pay that bond if they had to. lawyers for the attorney general's office write this. knight specialty insurance company is a small insurer that is not authorized to write business in new york and that's not regulated by the state's insurance department and has a total policy holder sur plisse of just $138 million. less than the $175 million needed. but executives with knight specialty say the former president put up cash in the form of a brokerage account as collateral. the a.g. says that trump still has access to that account and so they argue it is not secure. you may recall an appeals court reduced the amount of the bond to $175 million from roughly

New-york-state-supreme-court , Bond , Lawyers , Insurance-company , Questions , New-york-attorney-general-s-office , Attorney-general-s-office , A-g- , 75-million , 175-million , State , Knight-specialty-insurance-company

Americas Newsroom

do with a bond of $175 million. first of all she doesn't want me to participate with financial companies in new york so we had a company i guess based in california, a bonding company and i put up $175 million in cash. she says the bonding company is not good. she doesn't like the bonding company because she doesn't know if their collateral is good. i put up $175 million in cash and she is questioning the bonding company. when you put up cash and it's $175 which we are supposed to be putting up and i give it in cash she shouldn't be complaining about the bonding company. the bonding company would be good for it because i put up the money. i have plenty of money to put up. nobody is going to be putting up with this, nobody is going to be listening or coming to new york anymore. businesses are going to be fleeing because people are treated so badly. it has to be the most unfriendly place to do business and that's

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Outnumbered

to it. and whether night specialty could pay the bond if needed. to address those concerns, here is what both sides agreed. the cash that trump put up as collateral will remain as cash at a charles schwab account. not insurance will have exclusive control of that account. no one will try to withdraw the money. monthly statements to the attorney general's office on the court proving that the balance remains $175 million. we got to speak to the attorney who has counsel for the former president. here is our reaction after the hearing. >> miss james one of the argument say that our cash isn't green enough. the attorney general that judge realized quickly that they had no idea what they were talking about. we came to an agreement that everything would be the same. and that was in it. this is where your taxpayer dollars are going. >> breaking news. the former president for speaking. court is over for the day. let's watch.

Cash , Bond , Collateral , Sides , Account , Concerns , Specialty , Charles-schwab , Court , Attorney , Money , Statements

Outnumbered

that is bad stuff. when are they gonna look at all the lies that cohen did in the last trial. can't lying in the last trial. he caught lying. and what are they gonna look at that. another subject because, just a few blocks away, they had a trial, $175 million. that is letitia james. it's all coming out of the white house, by the way. the judge engoron. the judge didn't know anything. he didn't know about the security. he said -- it doesn't go down because its cash. i put up $175 million in cash. we had a bonding company do it. he challenged the bonding company that maybe the bonding company was no good. well, they are good. they also have $175 million of my collateral. the judge didn't know anything about -- he didn't know what

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Morning Joe

the ag's office is saying, no, it's not, for a few reasons. one, this isn't a company that's licensed to do business in the state of new york. two, they've never issued a surety bond in new york. they haven't even issued a surety bond anywhere for the last two years. three, and perhaps most importantly, when you look at the financials of this company, the difference between their assets and their liabilities is not enough to cover the bond. that coupled with the fact that they don't have control right now of the $175 million but, rather, would have to let charles schwab, which holds the account that's collateral, know they want to exert control, then it'd take at least two plus days to do that, that has the attorney general concerned that, essentially, trump could run rough with this money and nobody who has enough to cover the bond would be left holding the bag. mika, i am very much interested in what happens at that hearing today, even as i'll be in the courthouse watching opening

Office , Company , State , Surety-bond , Reasons , New-york , Business , Saying , Haven-t , Isn-t-a , The-ag , Two

Outnumbered

and it has to do with the bond of $175 million. she doesn't want me to participate with financial companies in new york. we have a company based in california. i put out 175 million in cash. she is questioning the bonding company. >> here with more, lydia. >> there have been many appearances in hearings before judge arthur engoron during the course of this civil fraud trial for this one stands out because the parties were surprisingly collaborative. the hearing lasted for about an hour. during that time, the lawyers for trump in the state attorney general's office came to an agreement about the bond. questions that swirled around the company underwriting the bond. my specialty insurance company. it always maintained that trump posted cash as collateral to secure the bond. the attorney general raised questions about how that account was managed and who had access

Cash , Bond , Company , New-york , Companies , California , 75-million , 175-million , Trial , Judge , Bonding-company , Arthur-engoron

World Business Report

is very unfair. fortunately the poll numbers are very good, they have been giving up because people understand what is going on. this is a witchhunt and it is a shame and it comes out of washington, everything, including the da's office, in coordination with washington. ijust want people to understand that. this is done for purposes of hurting the opponents of the worst president in the history of our country. second of all we have another trial going on right now, she campaigned at the fact... it has to do with a bond of 1005 fact... it has to do with a bond of 100s and $5 million, she doesn't want me to participate with companies in new york so we have a company based in california, a bonding company, and a put up 175 million in cash but she says the bonding company is not good. she doesn't like the bonding company because she doesn't know if the collateral is good, and i put up 175 million in cash and she is questioning the bonding company.

People , Office , Poll-numbers , Shame , Witchhunt , Ijust , Coordination , Washington , Everything , Including-the-da , Trial , President

BBC News

that's in— out of the white house by the way. that's in front of a judge in gorham and the _ that's in front of a judge in gorham and the judge really didn't know anything, he didn't know about collateral — anything, he didn't know about collateral security, he said supposing it goes on, well it doesn't _ supposing it goes on, well it doesn't go down because its cash, i put up _ doesn't go down because its cash, i put up $175— doesn't go down because its cash, i put up $175 million in cash and we have a _ put up $175 million in cash and we have a bonding company doing it, and he challenged the bonding company that may— he challenged the bonding company that may be the bonding company was no good _ that may be the bonding company was no good. well, they're good, and they also— no good. well, they're good, and they also have $175 million of collateral, my collateral. but the judge _ collateral, my collateral. but the judge didn't know anything about it. they didn't — judge didn't know anything about it. they didn't know what 175 judge didn't know anything about it. they didn't know what175 million cash meant, he had no idea what anything — cash meant, he had no idea what anything meant. and he had no idea what he _ anything meant. and he had no idea what he did — anything meant. and he had no idea what he did in the trial. and he charged — what he did in the trial. and he charged me hundreds of millions of dollars— charged me hundreds of millions of dollars for— charged me hundreds of millions of dollars for something for which i'm totally— dollars for something for which i'm totally innocent. but if you look at what _ totally innocent. but if you look at what happened today, the judge should _ what happened today, the judge should not of done that, should have .one should not of done that, should have gone to— should not of done that, should have gone to the _ should not of done that, should have gone to the business division where they have _ gone to the business division where they have complex business trials, but actually it should have never

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