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:
Rick Santorum: ‘I have no problem’ with John Bolton testifying after ‘this impeachment thing’ is over
Conservative CNN contributor Rick Santorum asserted on Tuesday that former National Security Adviser John Bolton should wait until after President Donald Trump's impeachment trial ends to reveal what he knows about the president's scheme in Ukraine.
"The only thing I would question is sort of the timing of submitting the book for review," Santorum said during an appearance on CNN. "I mean, you're doing it at a time -- knowing the history of what goes on in this White House, that leaks are prevalent -- to submit this manuscript at this time, I think was bad judgement."
"I have no problem with John Bolton writing a book," he continued. "This is someone who deeply believes in his worldview and what is best for America and I think he felt compelled to write something about the state of foreign policy in America and where our country is going."
‘The president’s lying — that should matter!’ CNN’s Berman unloads on GOP for blowing off Bolton revelations
CNN's John Berman on Tuesday expressed frustration at the idea that Republican senators could still vote to acquit President Donald Trump even after leaked excerpts of former national security adviser John Bolton's book further implicated the president.
During a panel discussion about Bolton's book, which reportedly alleges that Trump directly linked releasing military aid to Ukraine with investigations into former Vice President Joe Biden, New York Times reporter Maggie Haberman warned that the book may not be the big game changer that many have been hoping to see.
"I'm somewhat more skeptical that this is going to necessarily lead to witnesses," she said. "It might. I just think that we really don't know, and I think the desire for Republicans to have this wrapped up fairly quickly remains strong."
GOP’s Joni Ernst may have inadvertently boosted Joe Biden in Iowa: ex-White House official
On CNN's "New Day," regular contributor and former White House Press Secretary Joe Lockhart almost rolled his eyes at a clip of Iowa Republican Sen. Joni Ernst rushing to the cameras to gush about attacks on Joe Biden, saying she may have ended up helping the former vice president in her own state.
Speaking with hosts John Berman and Alisyn Camerota after watching the clip of the Iowa Republican blurting, "The Iowa caucuses are this next Monday evening, and I'm really interested to see how this discussion today informs and influences the Iowa caucus voters, those Democratic goers. Will they be supporting VP Biden at this point?" Lockhart seemed in disbelief that she may have handed Biden a boost.