“Any foreign adversary seeking to buy a President knows the price,” warns Rep. Sean Casten

A Democrat who sits on the House Financial Services Committee warned that former President Donald Trump’s inability to secure a bond for his $464 million fraud judgment makes him a “massive national security risk.”

Trump’s lawyers in a filing on Monday told a New York appeals court that he cannot secure a bond after approaching 30 underwriters.

“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,” the attorneys wrote.

The filing quoted an insurance broker who signed an affidavit stating that securing the bond is a “practical impossibility.”

  • Zippy@lemmy.world
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    8 months ago

    I don’t think it should negate you from running for high office but it should make people consider who they vote for.

    • ramble81@lemm.ee
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      8 months ago

      So that’s an interesting question there. An elected official gets to see top secret information that anyone else would have to go through a stringent check on. Why shouldn’t the elected official be held to the same standard as they will be accessing the same information? Why does being elected override that?

      • Cethin@lemmy.zip
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        8 months ago

        Well, in my opinion, I’d rather have a homeless person as president than a rich bastard. I don’t think wealth should influence electability, but it does anyway. There should be plenty of checks in place though, just not requiring wealth.

      • TropicalDingdong@lemmy.world
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        8 months ago

        I mean I agree.

        I also think that we could do away with primaries and parties together, then put together a list of qualifications for all the available elected positions; each voter is required to when registering to list their qualifications; then at random we select a pool of potential applicants for a given campaign cycle. We then vote on the candidates and decide. Public office shouldn’t be a career, it should be a civic obligation like jury duty. Unless you have a valid reason to not hold office, welp, if your number comes up…

    • radiohead37@lemmy.world
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      8 months ago

      Ideally, yes. But this guy can stand in the middle of Fifth Avenue and shoot somebody and not lose any voters.