This isn't actually the caae. They don't have his cash.
No money has changed hands. A surety bond is just a legal document saying this party is now responsible. The money doesn't go into escrow. I thought it worked differently but it doesn't.
So Trump still controls the account with the collateral in it. The insurance company only gets control 48 hours after a request.
I think they are going to make a big deal out this on Monday
The bond company has Trump’s $175M of cash. In addition to their normal assets.
This isn't actually the caae. They don't have his cash.
No money has changed hands. A surety bond is just a legal document saying this party is now responsible. The money doesn't go into escrow. I thought it worked differently but it doesn't.
So Trump still controls the account with the collateral in it. The insurance company only gets control 48 hours after a request.
I think they are going to make a big deal out this on Monday