Fox News contributor Jonathan Turley joined 'The Faulkner Focus' to discuss his reaction to Trump's bond being slashed to $175 million in the NYC civil fraud case. #FoxNews FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre.
room. Jonathan Turley, constitutional law attorney and Fox News contributor, is going to watch with
me. Jonathan, your thoughts on what's transpired? You get the $454 million bond slashed to $175
million. Well, you know, the Court of Appeals may have felt that they can't prejudge the evidence.
And so to reduce the bond further would have been heavy handed. I actually think they could
have reduced this bond to virtually nothing because the amount set by Engron was absurd.
I mean, most of us drilled down on these figures and could not find a there there. There were no
victims. There was no money lost. You had people that loaned this money and wanted more business.
And so this figure seemed to have just snatched out of the air. He connected it to a few properties,
but it was very speculative. By reducing the amount, I think that this restores some element
of restraint to the New York legal system. I think that the true sunk costs of this controversy
has been borne by those who really wanted this thrill kill moment. You know, this has not played
well with the public. I don't think it's played well with companies who were legitimately alarmed
to see the New York legal system turned into this inescapable political vortex.
And I think that the the reduction will help assure people that there are still some adults
in the room. You know, I just want to just take the heat down just a second, because I think what
you just laid out, we're in we're in a very special and negative situation here in New York City. I
don't live here, but but I see the repercussions of what happens when people leave the city who
make a lot of money. And when you put pressure on corporations here and you say, well, look,
if we catch you, you know, doing business like you've always done business because we went after
Trump, we're going to go after everybody this way. People don't want to do business here. They don't
feel like regular practices are safe to do any longer. And if you have that, especially with
the crime and the subways and everything else. Oh, my goodness. Can you imagine what happens to
this great city? I think that's right. You know, as many as as the problems may be in New York,
from crime to homelessness, that has been a reality of living in New York. But the benefits
for businesses has been that this is a very sophisticated legal system that no corporations
that really suffered a lot. One second. We've just heard from the former president on Truth
Social. This is the fifth time in this case that he has been overturned a record. His credibility
and that of Letitia James has been shattered. We will abide by the decision of the appellate
division and post either a bond equivalent securities or cash. That's Donald Trump.
Moments ago, Jonathan Turley and all of my guests. Thank you.
