A CNN panel Tuesday discussed the fraud that was alleged in Michael Cohen’s Congressional testimony weeks ago. Award-winning reporter and researcher David Cay Johnston walked through some of the things he has discovered about President Donald Trump’s finances over the years.
The New York attorney general announced this week that her office will launch an investigation into possible bank fraud from Trump and Deutsche Bank.
“Well, if he actually got a loan he has signed documents under penalty of perjury,” Johnston explained. “He didn’t get the loan for the Bills partly because to buy the Bills he would have to put up a little over a billion dollars in cash, which he didn’t have. That’s how the rules are in the NFL.”
The Trump biographer was talking about the president’s failed attempt to buy the Buffalo Bills.
“But if this leads to other documents coming from Deutsche Bank that show he actually got loans on other occasions where he misstated his finances, then he’s facing potential bank fraud, wire fraud charges,” Johnston continued. “And one of the things we also learn from this is, was it really Deutsche Bank loaning him money over the years, or was Deutsche Bank acting on behalf of VTB, the Russian spy bank or some other Russian entity, and the risk was on those people or did they somehow privately guarantee it? There could be a lot there. Maybe there’s nothing here. We don’t know yet. ”
Fordham law Professor Jed Shugerman found it amusing that Trump “couldn’t get a franchise because they have a character clause. So, he could become president of the United States, but he couldn’t become an NFL owner in that world. Where’s that bar?”
He went on to say that Deutsche Bank is very well known for sketchy practices that have gotten them fined multiple times.
“Deutsche Bank has paid over $2 billion in fines of all kinds and over $600 million just for Russian money laundering,” Johnston explained. “Their profits last year were about €300 million. They’re not that big of a bank. So, you have to wonder why are they taking risks loaning money to Donald Trump when every other bank walks away and says, ‘I don’t want to go into business with you! You don’t pay your loans back!’ Remember during the campaign he said I borrowed money knowing I wasn’t going to pay it back.”
The reason why, Johnston said, was the “$64,000 question.”
Watch the full discussion below:
Condi Rice deflects Trump’s racism by saying slavery was just ‘a number of people being treated badly’
Former National Security Adviser Condoleezza Rice on Sunday blamed Democrats for racism after she was asked about President Donald Trump's controversial bigoted statements.
During an interview on CNN, host Fareed Zakaria asked Rice about some of Trump's most racist statements, like telling Democratic congresswomen to "go back" where they came from. And when he said there were good people on "both sides" at a neo-Nazi rally in Charlottesville.
"When you hear Trump, this is a repudiation of everything you were trying to do," Zakaria pointed out.
"The president needs to be a lot more careful," Rice agreed. "Race is a very delicate and raw nerve in America. We have the birth defect of slavery, we have the birth defect of a number of people being treated badly."
Rand Paul snaps at Liz Cheney over Iran warmongering and announces plans to help her opponent
Appearing on CNN's "State of the Union" with host Jake Tapper, Sen. Rand Paul (R-KY) took several shots at Rep. Liz Cheney (R-WY) over her desire to attack Iran and her defense of departed White House adviser John Bolton.
Asked about his ongoing feud with the daughter of former Vice President Dick Cheney, Paul said the congresswomen is out of touch when it comes to American's taste for war.
“The Iraq War, President Trump has said, was the biggest geopolitical blunder of the last generation," Paul explained. "It destabilized the Middle East and increased the strength of Iran and tipped the balance toward Iran, so really there was nothing good about the Iraq war and Dick Cheney, Liz Cheney and John Bolton still don’t get it. They are still advocating for more regime change in the Middle East.”
‘There are some women who’d beg to differ’: Watch CNN anchor’s epic response to sexism in politics
On Saturday, CNN anchor S.E. Cupp gave a passionate lecture about the sexism female politicians face during political campaigns.
The host read a quote from a "top" advisor to former Vice President Joe Biden.
“I don't know of anybody who has taken as sustained and vitriolic a negative pounding as Biden ...really the most vicious press I think anyone's experienced,” the Biden advisor told Politico.
"Come again? What's that now?" Cupp asked in disbelief.
"I think there are some women who beg to differ," she noted.