Speaking to MSNBC on Monday, former Sen. Claire McCaskill, a Missouri Democrat, explained that it has been evident that Trump "is a deeply insecure man," and it doesn't take a "psychologist or psychiatrist" to see it. Having to admit, as he did Monday, that he doesn't have cash on hand to pay the $464 million bond owed after his New York fraud trial might make him feel another public humiliation, she said.
"He's spent his whole life trying to prove to everyone he is better," she said. "Whether he's putting gold on his toilets, or he's ostentatious language about how big he is. How he lies about how he's perfect about everything. Making up TIME magazine covers.
"So, this is really interesting, because the emperor wears no clothes. He doesn't have enough cash assets to secure an appeal on bond."
She went on to note that Trump has had more businesses fail than most people ever dream of starting. "So many ventures that have gone under, and people are left in his wake with no money," she said.
Now, however, an official court filing says, "Nobody trusts me to put up a bond. My real estate is not valuable enough, my real estate is not liquid enough, or I don't have enough cash," McCaskill continued.
"His lawyers are saying that to the world today. He's reverting to more and more dangerous language on the campaign trail, which we will talk about later, but I think it's playing with his head."
New York Times reporter Susanne Craig, who is known for following the finances of Trump and his business empire, said that she can "hear the clock ticking very loudly" at this point.
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"He's now got a matter of days to come up with this," said Craig. "From today's filing, he does have assets worth a lot, so why can't he come up with the money?
"We know in the E. Jean Carroll case, he did post the bond, almost $100 million. And we can see behind it that he put up assets in an account he had at Charles Schwab. What came just into focus for me today when I was reading the filing is these companies that he's going to, he's been to several, they want cash. They're very clear they don't want real estate."
Trump's former lawyer, Michael Cohen, told MSNBC on Monday that putting up real estate would end up costing anyone who sought to quickly liquidate it. Cohen said there are state and federal taxes along with the capital gains tax and mortgages involved, diminishing their value.
At the end of all of it, they'd be lucky to get 60 percent of what the property is worth, he said.
See the full conversation in the video below or at the link here.
Ex-Senator thinks Trump's money troubles are 'playing with his head'www.youtube.com