O’Leary: ‘ADULTS’ Save the Day in TRUMP Bond Cut
In a recent development that has caught the attention of financial and political observers alike, Kevin O’Leary, Chairman of O’Leary Ventures, has publicly expressed relief over the decision by a New York appeals court to reduce the bond amount for former President Donald Trump in his civil fraud lawsuit. The initial bond, set at a staggering $454 million, was deemed a ‘huge victory’ for Trump as it was reduced to $175 million. O’Leary, known for his role on the television show ‘Shark Tank,’ lauded the ‘adults’—a term he used to refer to the judges on the appeals court—for their intervention in what he described as a potentially alarming precedent that could deter foreign investment in New York. He emphasized the importance of maintaining investor confidence and the integrity of the American financial system, suggesting that the initial bond amount and the possibility of asset seizure on short notice could undermine the ‘American brand’ and spook investors. This sentiment was echoed during his appearance on ‘America Reports’ on FOX News, where he discussed the implications of the court’s decision. The reduction of the bond is part of ongoing legal proceedings involving Trump, with the backdrop of another trial related to hush money scheduled to commence shortly
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