Rudy Giuliani gasps after learning he could owe $500 million.

Former President Trump’s ally Rudy Giuliani acted surprised on Steve Bannon’s War Room show on Thursday when Bannon reminded him of what his reported total liabilities were.

“America’s Mayor,” said Bannon. “You’re one of the smartest lawyers in the country. Tell us what happened this afternoon.”

“Well, I mean, I don’t think it’s much of an embarrassment to say that I can’t afford $148 million,” said Giuliani. “That, that’s way beyond what I consider to be a rather decent net worth and proud of it. But about $130 million short.”

“The one thing that caught, particularly your, your friends and colleagues by surprise and the filing, at least the headlines in the New York Post and other places, CNN. You listed liabilities of $200 to $500 million?”

“Liabilities of $200?” said Giuliani. “I don’t have liabilities of $200. That’s just wrong. The liabilities that I have are in excess of that. Maybe a million dollars. So it’s the 148 plus, maybe 7, 800,000. I don’t have, I don’t have any mortgage, have any loans. So there’s something we will spend 99 percent of my liabilities are that, is that judgment? 98 percent is that judgment? Without that judgment I’m perfectly solvent.”

“I think, I think New York Post was the same,” said Bannon. “I think it said $200 to $500 million.”

“Oh my goodness,” said Giuliani. “Maybe, you know, you know what they’re doing. I know what they’re doing. They’re looking at the other cases, what they’re doing is they’re saying if all the other cases were to go to conclusion and get the money that they’re asking for, but that’s, I mean, that’s really in never, never land. Like, for example, Dominion is asking for $1.2 billion. So I, I, maybe somebody wants to consider that a liability, but it’s not a real — it hasn’t become, what it hasn’t become any kind of a verdict or a judgment yet. So that’s what I think they’re doing. They’re taking all those other cases and they’re saying, suppose he loses all those cases, he’d owe $500 million, but I don’t owe it right now and I don’t think I am gonna lose all those cases. I don’t even know how Dominion can recover another cent. They’ve already recovered four times the value of their company.”

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