Michael Cohen, Trump's former fixer, predicted that the former President would have to pay at least $600 million instead of the $250 million when taking into account "interest and penalty." Cohen said that Trump "does not have that liquid cash available in order to pay that off." Host Kaitlan Collins asked Cohen whether Trump could pay that amount, and he said, "No."
Cohen said that with the amount in damages, this is likely the end of Trump's businesses.
"So all of those assets will end up going into some form of receivership," Cohen said. "As a result of the receivership, those companies will end up being liquidated, especially now that this case is no longer solely about… liability. The judge has already determined that the fraud existed," Cohen said.
He said the best way to get to Trump is through his money.
"If you want to get to Donald, the way to do it is through his bank book," he said. "It's not by saying he's a narcissistic sociopath or that he's definitely not 6'3" and he's not 215 pounds; you go after the wallet."
"Once you start hitting that bank book, that's what really gets to him," he continued.
"The one thing Donald Trump is so good at is delaying the inevitable," Cohen said. "Donald is incapable of fault."
Trump left an incredibly long statement after the ruling and claimed that the judge did not take into account his brand.
"When it comes to the value of the brand, sure, there's a value of the brand. What's the value of the brand now? Obviously significantly less," Cohen said. "But if you're talking about the asset, what does the brand value have to do with over-inflating the square footage of your primary residence by triple on Fifth Avenue to 33,000 square feet when the unit is actually 11,000 square feet."
"What does the brand value have to do with claiming it's worth $15,000 a square foot or whatever he put down onto it, when in fact nothing in the entire area, that building for sure, even approached a price per square foot even in that stratosphere," he continued.
"But you're saying that if they don't if this stands, that places like Trump Tower in Midtown that has his name on it, that that's no more," Collins asked.
"Well, Trump Tower, let me be clear, because a lot of people don't understand this," Cohen explained. "Trump Tower is a condominium, meaning that each and every one of the units are owned in what's called fee simple absolute."
"It's owned by the by the purchaser, not by Trump," he continued. "He does have Trump property management that operates the building and receives a fee for it. That will no longer be in existence."
TLDR: Trump is fucked. Maybe he can sell his omelet bar at a Mar-a-Lago garage sale. I'm nothing if not helpful.
