Why the Trump bond crisis looks like a concerted effort to ruin him
FOX NewsMar 29
Trump Has 10 Days to Pay Lowered Bond
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The Facts
Former Pres. Donald Trump on Monday had his $464M bond owed to the state of New York in its fraud case against him lowered to $175M in a decision by an appellate court. The decision comes just as a 30-day grace period was set to expire and gives Trump 10 more days to post bond.
Before the ruling by a panel of state Appellate Division judges — all appointed by Democratic governors — Trump was on the hook for a $454M bond plus additional interest of more than $111K per day.
The Spin
Pro-Trump narrative
Thankfully these developments show that some semblance of justice remains in the US. The $464M bond was an extreme expression of the far-left's weaponization of the courts in the aftermath of the politically motivated judgment. Trump is on his way to defeating the swamp.
Anti-Trump narrative
Trump has received an undeserved lifeline, as James must now wait an additional 10 days before she can start seizing Trump's assets. But, this decision doesn't let Trump off the hook and he will still be liable to pay the full $460M-plus when he loses his unreasonable and far-fetched appeal.