“Any foreign adversary seeking to buy a President knows the price,” warns Rep. Sean Casten
A Democrat who sits on the House Financial Services Committee warned that former President Donald Trump’s inability to secure a bond for his $464 million fraud judgment makes him a “massive national security risk.”
Trump’s lawyers in a filing on Monday told a New York appeals court that he cannot secure a bond after approaching 30 underwriters.
“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,” the attorneys wrote.
The filing quoted an insurance broker who signed an affidavit stating that securing the bond is a “practical impossibility.”
Well, in my opinion, I’d rather have a homeless person as president than a rich bastard. I don’t think wealth should influence electability, but it does anyway. There should be plenty of checks in place though, just not requiring wealth.