William Cohan: “Like many on Wall Street, I’ve been left wondering how Donald Trump will be able to afford the more than $450 million penalty, including interest, that Judge Arthur Engoron imposed on him last week as a result of the civil fraud lawsuit brought by New York State Attorney General Letitia James as well as the $83.3 million he owes E. Jean Carroll after he lost two defamation cases she brought against him.”
“Assuming that at some point he loses all his appeals, can he get the cash he needs to pay his debts? Is he liquid enough for the appeal bond in the meantime? Will he be able to find someone to post the bond and take the risk of his credit? And that ignores, for the moment, the increasing possibility that he might also have to pay the I.R.S. $100 million or so in back taxes, as a result of his improper deductions over the years.”
