When discussing a bombshell Washington Post report by journalist David Fahrenhold about Donald Trump's $400 million buying spree, MSNBC's Stephanie Ruhle was puzzled by the influx of cash to the self-described "king of debt."
Eric Trump told the Post that banks were lined up to lend to the Trump Organization during its "buying spree" in which the company paid for 14 properties in full in the decade leading up to the 2016 election. But Ruhle, a finance industry veteran, noted that his claim doesn't match up to reality.
"Deutsche Bank, where I worked previously, from the institutional side of the bank had lent the Trump Organization money, and Trump came back to them wanting to borrow more money. Again, placing a value of something like $1 billion on the Trump brand name, and they laughed at it," the host recounted. "He was forced to go to the private bank side."
"How could Eric Trump possibly say this was a business decision, that everyone wanted to lend them money?" Ruhle mused. "There's no evidence of that."
"Where on earth did they get the cash from?" the host asked Fahrenhold, who responded that he and his reporting team only know what the Trump son relayed to them — that they made enough on other business ventures to purchase the properties in cash in spite of reports about the company's borrowing habits.
Ruhle went on to point out that in 2017, Eric Trump reportedly told a golf reporter that the Trump Organization has no need for American banks because the family-run business gets all the money they need "out of Russia."
"We're relying on Eric Trump's explanation of all of this," the host said. "This one's a head scratcher."
Watch below, via MSNBC: