A New York court has issued a massive ruling in the state’s fraud case against former president Donald Trump. New York Attorney General Letitia James had threatened to seize Trump’s assets in New York City if he didn’t post a $454 million bond. But the court has lowered the necessary bond payment to $175 million and given him 10 more days to post it. Plus, in a big win for ALL New York business owners, the judge has allowed Trump to continue running his businesses in NYC. Glenn and Stu review the ruling and explain why it’s a huge win.
TranscriptBelow is a rush transcript that may contain errors
GLENN: Welcome to the Glenn Beck Program. We have some breaking news. It looks like the judge -- the panel of judges, has actually done Donald Trump a little bit of a favor here.
STU: I would say, it's -- it's a favor. I don't know if it's the right way of saying it. A massive amount of decrease in the amount of money he needed to come up with. If you remember it was $464 million. He claimed he could not come up with that amount for a bond. Went to court. Tried to overturn that. And they have reduced it significantly to $175 million.
So over a 60 percent reduction in that number. Now, of course, 175 million to my taste, is still excessive and ridiculous for what's gone on here.
GLENN: Completely excessive and ridiculous. Nothing ever like this.
STU: No.
GLENN: And as you -- as we've noted, many, many times, I did a whole show on this, on Stu Does America, where you go through the ways that this rule has been used historically. And there are no parallels, at all, to what has happened with Donald Trump. It's quite clearly and quite obviously a personal persecution, whether you like Trump or not. And so -- but this is a big difference, because he can probably come up with $175 million instead of the 464. So huge deal.
A massive victory for Donald Trump in this case. And I'm curious to see. Because Latisha James has gone through the ritual of posting over and over again the amount owed by Donald Trump, like bragging about it. Because it keeps going up, as Andy McCarthy mentioned. Was 100-some-odd-thousand dollars a day, and she just keeps mentioning it. I wonder if she will continue that process now that it's gone down by over 60 percent. We will see. Because she's been bragging about this for, you know, weeks and weeks. And now takes a massive hit. And I think a blatantly obvious one. Right?
I think anyone who looks at this, can fairly tell, this is ridiculous from the beginning. And now a big slap in the face, for this original ruling.
GLENN: I'm wondering if he could come up with the 171.
STU: I would think so.
You know, he claimed -- one filing. To have $400 million in cash. Now, he had to come up with a bond for the E. Jean Carroll thing, which was 90-something million, which would suck some of that out.
Whether he could do that, probably all himself. However, when you have that sort of money. You can also -- when you have that sort of cash laying around. You can usually get someone to loan you that. With the cash as collateral very easily.
Regardless of the process he goes through. You would think, he would be able to get this.
Again --
GLENN: If you could find a bank.
STU: Yeah. Although, you know, this -- I'm of the view.
And I've mentioned this before. This is just my own speculation. Is that Donald Trump could have come up with the $464 million.
He correctly argues, that is completely unfair.
And I think, you know, given time, he could come up with that sort of money.
But why not play this out? Why not push this as far as you can? It will take a long time, until you, actually, start seizing property. As Andy laid out a little earlier. And why not use that time, to the best of your ability, to fight this off. Because I think he's very likely to win. I think he's very likely to win in an appeal. Or at least have this reduced to maybe a dollar fine. Or 10,000-dollar fine. Or and that would be saw so what aligned with reality. I think he eventually wins this. The longer he can play this out, without having to give up resources. The better.
GLENN: You know, the one thing that is good from all of this. And I'm trying to look at the bright side on everything, as much as I can. And I can usually never find it. Because that bright side has been snuffed out long ago.
Anyway, the bright side on this. In some ways, is I don't think people really understood, what it was like, back in the Jim Crow days.
I don't think white people really understood, where -- what -- it was like, where there's not a chance you're getting a fair trial.
Not a chance.
And, kids, don't trust the police. We don't -- we don't understand that.
And now, this injustice is being served, on so many Americans. From the FBI to the Justice Department. To the -- to the court system, in Donald Trump's case. And it does give you a view on how important justice is. The kind of justice that many of us have taken for granted. Our whole lives. You know, that's -- that's all right. The courts will figure it out.
STU: Yeah. And how many times have we said lately, that the courts are the only thing standing between us and chaos? They've been probably the shining, you know, light when it comes to justice lately. As we've seen in the Supreme Court many times, to think of where this is going. And how close we are. To that precipice. We really are on the precipice of disaster, when it comes to this. I'm just -- I'm glad to see though, that at least, there's something. Like even -- even in these cases. Even with someone, like Donald Trump. Who they're obviously trying to take out. The system does have a way of -- of coming through at the end. And I think, you know, might be -- might need to go all the way to the Supreme Court. But it does seem to play out, the right way, a lot of times. I don't know. Maybe the system holds together. It doesn't feel like it will. But it has so far.