Edition · March 19, 2024

Trump’s Bond Panic Meets a Court Date It Can’t Bluff Past

March 19, 2024 gave us a clean Trump-world snapshot: the former president was still trying to wriggle out of a massive fraud judgment, still leaning on the usual performance art, and still finding that courts are not his fan club.

On March 19, Donald Trump’s legal team told a New York appeals court it had struck out with roughly 30 surety companies while trying to secure the bond needed to pause collection of the $454 million fraud judgment. The filing intensified the sense that Trump’s self-presentation as a cash-heavy kingpin was colliding with the very boring reality of underwriting, collateral, and deadlines. The day also featured fresh fallout from Trump’s election lies and another sign that his legal calendar was squeezing his campaign calendar into a pretzel.

Closing take

Trump spent years selling the myth that he was too rich to be boxed in by ordinary rules. March 19 showed the opposite: he was boxed in by ordinary rules, and they were getting closer.

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