'This Is No Joke': Michael Cohen Reveals New Threat Posed By Trump's Cash Crunch

Michael Cohen, former longtime personal attorney to Donald Trump, said the former president’s struggle to come up with the money to post bond in New York makes one thing very clear.

“It tells you he’s not nearly as rich as he’s sold himself to the American people,” he said on MSNBC on Monday night.

Trump’s attorneys on Monday said he can’t post the $464 million bond needed to appeal his conviction in the civil fraud case. Thirty bond companies all declined to post the cash, he said in a court statement, making it “a practical impossibility” to post the money by the March 25 deadline.

“He’s right, it’s effectively impossible,” Cohen said, noting that much of Trump’s worth is tied up in real estate. Selling the properties would take time, and would also lead to a host of additional financial issues including taxes and mortgage payments.

But as Cohen pointed out, Trump had claimed in court that he has cash assets of at last $400 million.

“If that’s true, post the $400 million and get the balance,” Cohen said. “And if it’s not true, who knows, maybe it could be a perjury charge.”

Cohen said Trump’s cash crunch could lead to a dangerous situation for the nation if he gets the money from foreign interests.

“It leaves a presidential candidate basically owing a foreign entity, all at the expense of America’s national security,” he said. “This is no joke. This places our national security in jeopardy and continues to make Donald Trump the single most dangerous thing in America to our national security and democracy.”

See his full conversation with MSNBC’s Michael Steele below:

Bloomberg last year estimated Trump’s net worth at $3.1 billion, but Trump has a long history of exaggerating his personal wealth, claims that