The Daily Trump’s Cash Crunch
27 snips
Feb 23, 2024 
Maggie Haberman, a senior political correspondent at The New York Times known for her insights on Donald Trump, teams up with Jonah Bromwich, a criminal justice correspondent. They dive into the recent civil court ruling against Trump, potentially cutting him off from his real estate empire and impacting his political ambitions. The conversation touches on the severe penalties, inflated property values, and how this legal turmoil may shape Trump’s public image and fundraising as he navigates his presidential campaign amidst significant financial challenges.
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Trump's Character
- This case questions Trump's identity, not just his actions.
- It challenges the foundation of his empire and public persona.
Disgorgement, Not Fine
- The $450 million penalty is disgorgement, not a fine.
- It represents Trump's calculated profits gained through fraudulent property valuations.
Financial Strain
- The penalty significantly impacts Trump's finances, with liquid assets less than he owes.
- This adds to existing debt from other cases, creating financial strain.