Excess Carrier Bond: Validity, Collateralization, and Trump's Approval

You're right Sean for the hundred and seventy five million dollar bond It's fully collateralized It's a valid bond James who got spanked by the appellate court is now trying an end run to disqualify the surety company claiming it's not a standard carrier in New York Well I got news for her that's not required because this is an excess carrier As long as it has sufficient capital and it does over a billion in equity then it's approved to issue Trump's bond