this post was submitted on 19 Mar 2024
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"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.”

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[–] Sc00ter@lemm.ee 24 points 8 months ago (1 children)

What’s the most common reason applicants for a security clearance are denied? Botched finances, the same one that causes those with clearances to lose them.

The reason is self-evident: Military personnel in deep debt are considered more open to bribes or accepting money in exchange for revealing secrets

Really not hard to put 2 and 2 together

https://www.debt.org/veterans/military-security-clearances/#:~:text=What's%20the%20most%20common%20reason,in%20exchange%20for%20revealing%20secrets.