MSNBC anchor Rachel Maddow revealed the “legal liability” facing President Donald Trump after a bombshell report by The Washington Post detailing the extent the president misrepresented his wealth in official financial documents.
“When The Washington Post dug up financial statements from President Trump for a scoop today that shows how much Trump regularly exaggerated assets and his wealth in documents to potential investors and journalists and other people he wanted to impress, on one hand that was yet another example of the president telling lies about provable things,” Maddow noted.
“On the other hand, though, this isn’t exactly lying about your hand size,” Maddow joked.
“This feels a little bit like some of the stuff that Michael Cohen laid out in his bombshell testimony before Congress a couple weeks ago where he talked about the president playing down liabilities in order to try to get loans from banks or to try to reduce his insurance premiums,” Maddow noted.
“That seemed like potential legal jeopardy because the banking industry and insurance industry are tightly regulated and lying to those institutions can send you to jail, which Michael Cohen is about to do,” she explained.
For analysis, Maddow interviewed David Fahrenthold, the Pulitzer Prize-winning Post reporter responsible for the bombshell story.
NEW: How did @realDonaldTrump inflate his net worth to lenders?
–Added 10 stories to Trump Tower.
–Added 800 acres to his winery.
–Added 24 ready-to-sell lots to his property in CA.
We've got (some of the) inflated docs investigators now want to see. https://t.co/cNfKTsSlrW
— David Fahrenthold (@Fahrenthold) March 28, 2019
“In the short term, it is a legal problem,” Fahrenthold noted. “In the last few weeks — since Michael Cohen testified — we’ve seen subpoenas that to Trump’s lender Deutsche Bank and Trump’s insurer and some document requests from the Oversight Committee, basically asking folks that Cohen said Trump influenced with these inflated statements, asking to provide documents about how exactly they were influenced and what Trump told them,” he explained.
“I don’t know in the long term, will this lead to civil charges, a lawsuit, will there be something criminal?” he wondered. “That’s way in the future.”
“Already, we’ve seen this issue go from kind of an issue as you said of character or morals into a legal issue as these investigators start to dig in,” Fahrenthold observed.
“One of the ones you mentioned earlier is a $72 million error. Trump said he had 24 more home lots to sell in California than he did and he said he was going to sell them at $3 million a piece,” he reported. “So if you look at Trump and think here’s a guy who’s got $72 million worth of future cash flow he really doesn’t have, that could be a material distinction.”
Trump continues a conspiracy that never ended as he covers up the cover up of a crime
It’s hard to know where to begin discussing the president’s commutation of Roger Stone’s sentence. So let’s start with what it means. It’s not a pardon. Donald Trump’s goombah is still a felon convicted of witness tampering and lying to the US Congress. He plans to appeal the guilty verdict. “Commutation” merely means he won’t go to jail.
The move was widely expected in Washington. Only the timing was in doubt. The president had hoped to wait until after the election, according to Bloomberg News, but Stone appears to have forced his hand. He feared prison would expose him to the new coronavirus, which can be fatal to people his age (67). Stone told a journalist Thursday that he believed the president would commute his sentence, because he stayed quiet while under pressure to cooperate. That statement, given the day before his 40-month sentence was to begin, was widely interpreted to mean: do it now or I start singing.
CNN host goes off on Trump as COVID-19 surges: ‘The president is peddling debunked illogical crap’
During a segment on CNN this Monday, anchor Brianna Keilar had some harsh words for President Trump and his response to the ongoing coronavirus pandemic, starting out by saying that the U.S. is "losing its battle" against the virus.
"...the people who are supposed to be in charge of the national response to the pandemic instead are escalating their attacks on doctors," she said, pointing out that up to 60,000 Americans are testing positive for the virus, each day.
"They're doing this even though they won't mandate the use of masks which are proven to save lives," she said. "They're doing this because the President is continuing to make claims that the only reason the U.S. has a surge in cases is because of an increase in testing."
WATCH: White House uses Fauci’s words to praise Trump – hours after trashing him
Literally hours after providing reporters with a list of what an anonymous White House official called mistakes Dr. Anthony Fauci has made over the year on coronavirus, the White House turned the tables to use the veteran immunologist's words to praise President Donald Trump.
On Sunday in a statement to CNN the White House outlined "the number of times Dr. Fauci has been wrong on things."
Calling it a "new campaign of deception," CNN reported Monday morning that "the White House is trying to destroy the reputation of one of America's most respected public servants, Dr. Anthony Fauci, for telling the truth about how bad things are getting."