Trump lawyers acknowledge civil fraud bond was issued without 'certificate of qualification'

[moniss]

37. We have no idea

of the policy terms, exclusions and conditions. We have no idea about how people could weasel out. What you have with reinsurance is another layer of paper promises. There is a reason that there are things like escrow accounts, trust accounts etc. I don't accept paper promises about money from people proven to be liars of the highest magnitude and or from their "friends". You get the assets to back the bond solidly established and entirely in the sole control of the surety. Period. Going any other route is a sure path to lots of broken promises and lengthy/costly litigation to try and make people live up to their "promises".

What we do have is a supposedly professional organization supposedly experienced in the business asking us to believe that nobody was professional enough to make sure all the paperwork was in order prior to submission to the court. Really? So now they come back with more layers of complexity about the money and even more layers of questionable paper that raises even more questions. This is hardly a situation where it is reasonable to ask people to just accept more "paper promises".