The NY Times takes a close look at Trump’s immediate future:

On Friday, the judge overseeing Mr. Trump’s civil fraud case issued a final ruling that inflicted a staggering financial penalty. With interest, the former president has been ordered to pay about $450 million, a sum that threatens to wipe out a stockpile of cash, stocks and bonds that he amassed since leaving the White House. He will have only 30 days or so to either come up with the money or persuade an outside company to post a bond.

The judge, Arthur F. Engoron, also imposed several new restrictions on Mr. Trump and his family business. For three years, Mr. Trump cannot run any New York company, including portions of his own, nor can he obtain a loan from a New York bank. The same restrictions apply to his adult sons for a two-year period. And the family business will be under the thumb of a watchful outsider, a court-appointed monitor who can hamstring the company if she does not like what she sees.

This won’t, unfortunately, make him an instant pauper, but it will hinder and annoy him. Baby steps.

His lawyers are already contacting companies that might post the bond, according to two people with knowledge of the matter, though it is unclear if and when they will reach a deal.

You have to wonder what company is going to want to post a bond for Trump, given his history of not paying his debts. I suppose they could demand a huge enough deposit to make it worthwhile, but then would he be able to pay it?

The penalty in Friday’s decision, when combined with an $83.3 million judgment Mr. Trump is facing from a defamation trial involving the writer E. Jean Carroll, adds up to more than half a billion dollars, eclipsing his current collection of cash. Even for someone who measures his net worth in the billions, that sum could leave Mr. Trump more financially vulnerable than he has been in decades.

The former president derives much of his net worth from his properties, and if he runs out of cash, he might have to sell or mortgage one. Although he will not go bankrupt, because the value of those buildings far exceeds the penalty imposed by Justice Engoron, selling any real estate would be a personal affront to the former president, who glories in his properties. It also might not be easy: It often takes time to find a buyer willing to pay a good price.

Especially when the seller is Trump.

Justice Engoron’s other punishments took more direct aim at the Trump Organization’s way of doing business — most notably, extending the appointment of the independent monitor, Barbara Jones.

A former federal judge, Ms. Jones will be the equivalent of a corporate babysitter for the next three years. Justice Engoron granted her additional authority — he called it “enhanced monitorship” — and asked her to recommend an independent compliance director who will oversee the company’s financial reporting from within its ranks.

Already, Ms. Jones has been an irritant for the Trump Organization, reviewing its transactions and keeping an eye out for fraud. The company has paid her millions of dollars for her work and will have to pay millions more.

Ms. Jones’s presence could also scare away potential business partners and second-guess any new deals, further constraining a company that has been stuck in neutral since Mr. Trump ascended to the White House in 2017.

Fingers crossed.

Mr. Trump’s plan to secure a bond so that he need not immediately pay either the state or Ms. Carroll could prove challenging — and expensive. Mr. Trump must find a company willing to write one in spite of his polarizing presidential run and mounting legal woes. His lawyers would negotiate a deal with the company, which would charge a premium and could demand that Mr. Trump pledge cash and other liquid assets as collateral, legal experts said. Under New York law, he will also owe 9 percent interest until the appeal is resolved, meaning the size of the bond could reach $500 million or more.

And then his head will explode? Here’s hoping.