Post by Admin on Nov 7, 2023 10:38:49 GMT -4
THIS MAN IN THE WHITE HOUSE
#45
Trump was responsible for the loans at issue in AG’s suit
Wallace spent the final hour of questioning Trump focused on multiple loans the Trump Organization received from Deutsche Bank, which hit at the heart of the civil case against the former president.
Wallace had Trump confirm that he signed each of the documents and acknowledge that they all included clauses requiring annual financial statements that were accurate and that he maintain $50 million in unencumbered cash and a $2.5 billion net worth.
Trump acknowledged the conditions on the loan, but argued his net worth is much higher than his statements ever showed and that the loans had been paid off.
“This loan was paid off in full, with no default, with no problem and the bank was thrilled. They got all their money back,” Trump said. “The bank liked me very much.”
Wallace concluded the line of questioning by asking Trump to confirm that he did not believe his financial statements inflated his net worth. Trump said they were “very good” before launching into another attack that prompted Engoron to quip the questioning sounded like a “broken record.”
The attorney general’s office spent the time going through the various loans with Trump – and the question on his financial statement – because the loans are a key part of the case. The AG’s complaint alleges Trump defrauded the bank by providing the fraudulent, inflated financial statements to obtain the loans and to maintain them in the years after the initial transaction.
Trump also let his looseness with the facts get in the way at one point. When the former president was talking about paying back the loan for his Chicago property – Trump International Hotel & Tower – he said the loan was “long since gone.”
The answer prompted Wallace to perk up. “Are you aware that the Trump Chicago loan was paid off last week?” Wallace asked Trump.
“I don’t know last week, but I know recently. On time, on schedule,” Trump replied, ignoring the contradiction of his previous statement.
CNN
#45
Trump was responsible for the loans at issue in AG’s suit
Wallace spent the final hour of questioning Trump focused on multiple loans the Trump Organization received from Deutsche Bank, which hit at the heart of the civil case against the former president.
Wallace had Trump confirm that he signed each of the documents and acknowledge that they all included clauses requiring annual financial statements that were accurate and that he maintain $50 million in unencumbered cash and a $2.5 billion net worth.
Trump acknowledged the conditions on the loan, but argued his net worth is much higher than his statements ever showed and that the loans had been paid off.
“This loan was paid off in full, with no default, with no problem and the bank was thrilled. They got all their money back,” Trump said. “The bank liked me very much.”
Wallace concluded the line of questioning by asking Trump to confirm that he did not believe his financial statements inflated his net worth. Trump said they were “very good” before launching into another attack that prompted Engoron to quip the questioning sounded like a “broken record.”
The attorney general’s office spent the time going through the various loans with Trump – and the question on his financial statement – because the loans are a key part of the case. The AG’s complaint alleges Trump defrauded the bank by providing the fraudulent, inflated financial statements to obtain the loans and to maintain them in the years after the initial transaction.
Trump also let his looseness with the facts get in the way at one point. When the former president was talking about paying back the loan for his Chicago property – Trump International Hotel & Tower – he said the loan was “long since gone.”
The answer prompted Wallace to perk up. “Are you aware that the Trump Chicago loan was paid off last week?” Wallace asked Trump.
“I don’t know last week, but I know recently. On time, on schedule,” Trump replied, ignoring the contradiction of his previous statement.
CNN
