Trump’s going broke and he’s taking the whole GOP down with him

Trump’s going broke and he’s taking the whole GOP down with him

Donald Trump is in a bit of a financial bind: He can’t post the $464 million bond necessary to buy him time while he appeals the ruling in the New York civil fraud case brought by state Attorney General Letitia James.

Trump has reportedly floated the enticing idea of underwriting his nearly half-billion obligation to some 30 different organizations and, shockingly, found no takers. 

Trump absorbed the news with his usual grace, complaining bitterly about it Tuesday morning in at least seven posts on his social media platform Truth Social (which was down at the time of this writing).

“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense?” Trump fumed in one post.

Trump’s excessively public self-victimization for being found guilty of breaking the law is a clarion call for cash—from his MAGA cultists and whoever else might find it useful to potentially have a grateful asset in the White House. 

As The New Republic’s Timothy Noah told Greg Sargent on his new Daily Blast podcast, “Trump is broke, on the verge of bankruptcy, and he’s running for president. It’s a situation just ripe for corruption.”

The presidency, should Trump win it, is effectively up for sale to the highest bidder.

But Trump’s personal financial issues are just the tip of the iceberg for the man who just last week secured enough delegates to be the 2024 Republican nominee for president.

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