Trump has dodged financial calamity – for the time being | Lloyd Green

Don't hold your breath on Trump testifying in his own defense. It would likely be embarrassing, if not perjurious

Donald Trump dodged financial calamity on Monday. The office of Letitia James, the New York attorney general, and lawyers for Trump reached agreement in open court on the terms governing the appellate bond posted by the former president. After nearly an hour of argument and an extended recess, the parties achieved a workable solution. It is a ray of sunshine in Trump's otherwise bleak legal landscape.

Trump would be required to leave $175m in cash only as collateral for the bond. Mutual funds or other securities will not suffice. In addition, the brokerage account holding the funds would fall under the exclusive control of the bonding company.

Lloyd Green is an attorney in New York and served in the US Department of Justice from 1990 to 1992