Donald Trump: From fraud judgment to hawking sneakers

it's a very sad day for in my opinion the  country this is Martha Teichner as soon as   the 92-page ruling in the Civil fraud case was  posted online Friday afternoon the ranting began   they're lunatics and it's election interfering  former president Donald Trump was ordered to   pay nearly $355 million his sons Donald Jr and  Eric more than 4 million each Trump is barred   from running his own business or any other in  the state of New York for 3 years his sons for   two years and they can't borrow money from any  Bank registered in New York for 3 years for a man   who brags he's a billionaire business genius the  Judgment was a body blow but not a fatal one do   you see Donald Trump having to unload any of his  iconic properties the ones that really matter I   doubt it Eric Talley is a professor of corporate  law at Columbia University I suspect that there   will be ways to figure out how to put someone in  charge of those companies transfer those assets   out of New York companies and into non- New York  companies in a way that sort of preserves their   value Trump still has to come up with the  cash now even while he appeals and put it in   escrow subject to 9% % annual interest or find  somebody to post bond for him Donald Trump was   found to have illegally profited from habitually  inflating the value of his real estate holdings   in order to obtain loans at favorable interest  rates he claimed for example that mar-a-lago was   worth 1 to 1.5 billion dollars in 2020 the County  tax assessor valued it at 27 million and Trump   agreed in his ruling judge Arthur Engoran wrote of  the defendants "their complete lack of Contrition   and remorse borders on pathological" candidate  Donald Trump channeled his rage into fundraising   it reinforces his followers sense of being in the  trenches with him I don't think it wins him one   single new voter Patrick Egan teaches politics  at New York University how Americans experience   Trump and what they see him doing I don't think  it's going to have much impact what they saw him   doing yesterday you're all sneaker heads at  Sneaker-Con in Philadelphia was unveil wait   for it his Never Surrender High-Tops that's the  real deal a golden emblem of grievance for only $399

Channel: CBS Sunday Morning

Views: 259,366

Keywords: Donald Trump, Sunday Morning, Politics

Id: 6KAekS3YoBw

Length: 3min 3sec (183 seconds)

Published: Sun Feb 18 2024