How Trump narrowly escaped a cash crunch

Published: April 8, 2024, 9:55 p.m.

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Today on \\u201cPost Reports,\\u201d Jonathan O\\u2019Connell breaks down Donald Trump\\u2019s complicated finances \\u2014 and what we know about the California billionaire who covered Trump\\u2019s bond in New York. 


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Former president Donald Trump was in a financial bind last month. He had to post a bond of nearly half a billion dollars to cover a civil fraud judgment in New York, or risk the state seizing his assets.


Then Don Hankey stepped in. 


The California billionaire offered to cover Trump\\u2019s bond for a \\u201cmodest fee\\u201d \\u2014 and a court reduced the amount to $175 million while Trump appeals the case. 


But this story, along with Trump\\u2019s other complicated financial problems, raises questions about what happens if he is reelected, and what kind of influence someone like Hankey could have over Trump. 


Today on \\u201cPost Reports,\\u201d we talk through what we know about Trump\\u2019s money, and how his stake in Truth Social could change his fortunes.

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