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Was Russia lending money to Trump through Deutsche Bank?

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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.

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“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.

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“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:

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2020 Election

WATCH: CNN uses video to bust Trump for lying and stealing credit for veterans program signed by Obama

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Reacting to Donald Trump's abrupt departure from his Saturday press conference after he was pressed by a CBS White House correspondent Paula Reid for lying and taking credit for a veterans bill signed into law by former President Barack Obama, CNN's Victor Blackwell shared clips of the former president announcing the signing in 2014 and Trump attempting to steal credit yesterday.

According to Blackwell, "One of President Trump's go-to lies is his role in passing Veterans Choice. You saw it at the end of the news conference when he walked away. Well that was when he was faced with a question why he said that he passed Choice and Accountability for the V.A."

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CNN

Trump’s refusal to bail out cash-strapped cities will blow up in his face at election time: economist

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On CNN Saturday, University of Michigan economist Justin Wolfers said he was "baffled" by President Donald Trump's flat refusal to allow coronavirus stimulus to go to city governments, ostensibly because they are being mismanaged by Democrats and don't deserve more money.

"I took calls from journalists throughout the last two or three years saying, what is it Trump is going to do in late 2020 to artificially goose the economy to get re-elected? And people were thinking of all sorts of ideas," said Wolfers. "The Democratic Congress has sent him a $3 trillion bill and he's refused to sign it."

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GOP strategist shut down by CNN’s Blackwell for fear-mongering about deficits after Republicans handed out tax cuts to the rich

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On CNN Saturday, Republican strategist Brian Robinson tried to claim the Democratic coronavirus stimulus proposal was a nonstarter because of deficit spending — and was immediately smacked down by anchor Victor Blackwell, who reminded him his party forced through a 12-figure unpaid-for tax cut for corporations and billionaires in 2017 over Democratic objections.

"$3.4 trillion dollars is where [Democrats] started. That's not a place we can start," said Robinson. "We have to fix our short-term problems. We've got to help people in need. We've got to help people not be evicted from their homes. Those are all important. But, it's not the only consideration. We already added $3 trillion to our national debt in the last few months. That's never happened in our nation's history. There is a limit to how much we can do. Republicans aren't pinching pennies, they're trying to use common sense."

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