39 Burst results for "Trump"
Fresh update on "trump" discussed on News, Traffic and Weather
"Hours trading Mixed quarterly numbers out of lift for the second quarter per share loss that wasn't as bad as feared revenue about in line with expectations, but amid the pandemic active riders who was down a sharp 60% from a year earlier. That's your money now I'm Jim Chess Cocoa mo News. Time now for your political insights from ABC News, Joe Biden and Kamala Harris, appearing together in person Wednesday for the first time as the Democratic presidential ticket, and Joe I'm so proud to stand with you at a Delaware event, Biden describing why he chose the California senator to be his running mate, Kamila. As you all know, is smart. She's tough. She's experienced. She's a proven fighter. Meanwhile, at the White House president Trump hosting a discussion concerning school re openings. Virtual is not as good as being there. Virtual is just not the same thing. But no mention of the many Georgia school district's among the first to return for in person learning currently dealing with covert outbreaks. And on Capitol Hill Democrats revealed that Treasury Secretary Steve Mnuchin initiated a phone call to restart Corona virus relief negotiations after days without talks, But they shut down the overture when the administration said it wouldn't budge from a $1 trillion cap on the package. Those your political insights I'm Adam Kelsey, ABC NEWS Washington President Trump giving a wide ranging briefing from the White House Wednesday night, asking it during press questions to comment on Camilla Harris being Joe Biden's new running mate president said again, he's shocked that Biden chose Harris. She said horrible things about him. Including accusations made about him by A woman where she I guess, believe the woman. And now all of a sudden she's running to be Vice president saying how wonderful he is..
For Americans waiting on virus aid, no new relief in sight
"I might cross your reporting president trump says talks on a new pandemic relief package are going nowhere at a White House briefing late Wednesday president Donald Trump shot down any hopes of a breakthrough in talks with congressional Democrats on a new pandemic relief package the bills are going to happen because they don't want to talk about it both sides agree treasury secretary Steven Mnuchin did reach out Wednesday house speaker Nancy Pelosi and Senate minority leader Chuck Schumer in a bid to revive talks but he was rebuffed the Democrats blame the White House for not budging off its original one trillion dollar package offer even though Democrats have come down by one trillion dollars meantime the house is in recess and the Senate is only nominally in session might cross the Washington
Fresh update on "trump" discussed on 10 10 WINS 24 Hour News
"It's been several days since President and Trump signed several executive orders on pandemic relief talks on a stimulus package have stalled. Treasury Secretary Steve Mnuchin initiated a phone call with House Speaker Nancy Pelosi Wednesday to attempt to restart Corona virus relief bill negotiations, but that called doesn't appear to have made much progress. In a statement issued Wednesday afternoon, Pelosi and Senate Minority Leader Chuck Schumer accuse Mnuchin and the Trump Administration of refusing to budge on their position. But the package be limited to $1 trillion. Democrats say they're willing to shave 1/3 off the $3 trillion bill that passed the House in May, but want Republicans to meet them in the middle Correspondent Adam Kelsey. President Trump is blaming Democrats for the impasse. Chuck Schumer and Nancy Pelosi, holding the American people hostage over money for their radical left wing agenda. Wins news Time. 10 51 Traffic.
For Americans waiting on virus aid, no new relief in sight
"I might cross your reporting congressional Democrats and the treasury secretary are at odds after an overture to restart virus relief talks a trump administration did to restart talks on a new pandemic relief package was rebuffed by house speaker Nancy Pelosi and Senate democratic leader Chuck Schumer Wednesday the Democrats blame the White House for refusing to meet them halfway but president Donald Trump told reporters Chuck Schumer and they're simple as you're holding the American people hostage over money for their radical left wing agenda in a joint statement Pelosi and Schumer said while they've dropped their initial three point five trillion dollar proposal by one trillion dollars trump's team has stayed stuck on its one trillion dollar offer Mike Rossio Washington
Fresh update on "trump" discussed on Vickie Allen and Levon Putney
"Athletes in Connecticut. The state's interscholastic athletic conferences. Board of Control voted today not to move football the next spring, but to keep its fall sports plan. And three things to know. Number three Democratic presidential candidate Joe Biden and running mate Kamala Harris were out campaigning for the first time together earlier today, Harris making history as the first black woman on a national major party ticket. You are President. Trump has already had a few things to say about the Biden Harris ticket. As political reporter Anita Kumar tells daily CBS anchor Michael Wallace earlier this afternoon. We heard from the president himself, his campaign and and his surrogates all over that. They're really trying to paint Senator Harris as someone who is too extreme, too liberal for America, and they're putting out all these policy proposals that she has supported. That they say are just too too much to the left too liberal. But privately, what they say is that she's not really the one they had hoped for. There were other ones that they thought they could attack more easily. And so some of those people includes shoes and rice. Who is the national security advisor to President Obama. Karen Bass, who's the congressman from California Senator here with a pretty strong candidate until privately they're thinking that she could lose some women over to Vice President Biden ticket on DH perhaps, and people of color. Obviously, she's also a woman of color. So they're thinking she's a tough person to go against. So what's the thinking? How will the Trump campaign go after Kamala Harris? Well, we're on the second day, and so far, the message has burdened pretty much the same. They are really pushing that She's too liberal too, too. You know too much to the left. You know the one thing that they kind of say about her? That's a little bit different. They say that her background as a prosecutor in California is really out of step with the Democratic Party, right? It was two. She was too harsh and in the you know in these days after the death of George Boy, that's not really what the Democratic Party wants. They have sort of a mixed message on that, because they also say she's changed and she's too much to the left. And she wants to defund the police. So is it makes message on her background on being a prosecutor, so that's gonna complicate things a little bit. Anita Kumar at politico and either thanks for joining us, Thanks for having me at least CBS News time is 10. 48 traffic.
Hours of Talks on U.S. Coronavirus Relief End With No Deal
"Negotiations on the next round of Corona virus. Relief legislation are at a standstill. Lawmakers remain deadlocked on a number of issues, including extra unemployment benefits and additional federal aid for state and local governments. Democrats are proposing a $3 trillion measure that includes hazard pay for frontline workers and extend supplemental jobless benefits, which expired last week. Republicans say the Democratic plan is too costly. Congressional leaders today turned down an offer from the Trump administration to resume negotiations. They say they're prepared to pick up talks when the White House puts more
Fresh update on "trump" discussed on Lars Larson
"But you should be just as concerned about the fact that Joe Biden plans to go in and remove as many people from the Trump administration is he possibly can. So, for example. On Wednesday morning, according to Breitbart's on MSNBC's morning, Joe Network political analyst Jason Johnson predicted that if Senator Kamala Harris ends up as the vice president, she can help us impeach some of the judges that Donald Trump has made the bush in. He said, I'm gonna jump a bit forward. I'm gonna assume let's say magically that Joe Biden wins the presidency, Harris becomes the vice president. What I would say she would be the best at is actually making more Mork qualified than some of the people. Someone once by Biden takes office is going to be tasked with going through the entire administration with a fine tooth comb and basically expunging. All of pull of the Trump is like getting rid of the bath party in Iraq. Can you imagine that kind of comparison to say? This is what you're gonna have to do. Strip everybody out of the government that has any contact or any connection with Donald Trump. Actually, If Donald Trump had done that, at the beginning of his administration, we might all be a whole lot better off today. Hey, if you're an employer, and you have a lot on your plate, especially right now, zipper Cooter can make your hiring process quick and painless and a lot of companies out there hiring they could use this. For example, Cafe Altera's chief operating officer, Dillon Miska..
Biden, Harris tear into Trump in first joint appearance
"Democratic presidential nominee Joe Biden, and his newly named running mate, California, Senator Kamala Harris, made their first joint appearance in Delaware today. Each took their turns on some of the initiatives they're pushing. There was, of course, not unexpectedly a slamming a president Trump for his handling of the pandemic, among other
Biden introduces VP choice Harris; much history, no crowd
"Joe Biden has introduced his democratic running mate as a woman ready to be vice president on day one in comelec Harris I have no doubt that I pick the right person to join me Biden says the California senator is smart tough a proven fighter for the middle class it was a surreal moment a mostly empty Delaware high school gym the backdrop in a grim reminder of the virus pandemic Heris calls it a moment of consequence for the nation everything we care about our economy health our children the kind of country we live in it's all on the line ripping president trump's handling of the virus among other things Sager made Ghani Washington
Kamala Harris Slams Trump in Introduction as Biden’s Vice President Nominee
"Biden introduces the woman he hopes will join him in victory this November. Kamala Harris, She's tough. She's experienced. He's a proven fighter for the backbone of this country. The middle classes to Democratic standard bearers held their first joint appearance in Biden's hometown, The Wilmington, Delaware. Harris quickly went on the attack. Going after the two people. She and Biden want to replace the case against Donald Trump. And Mike Pence is open and shut. Just look where they've gotten us. More than 16 million out of work. Millions of kids who cannot go back to school, and Harris said President Trump is the reason Cove in 19 has hit the US more than any other country, accusing him of not taking it seriously. There wasn't the usual image of the two candidates standing right next to each other. Biden and Harris generally kept their social distance
6 former EPA bosses call for agency reset after election
"A dozen former leaders of the Environmental Protection Agency say the department needs to hit the reset button after 3.5 years of the Trump Administration six or supporting a plan written by the Environmental Protection Network, a bipartisan group of more than 500 former EPA senior managers and employees. Changes they're recommending include minimizing industry and political influence on science based decisions, combating climate change and cutting air pollution with electric vehicles. The proposals are in line with complaints about the Trump Administration, which says it has been rolling back rules without increasing risk to public health. Or the environment. My camp in Washington
Biden and Harris Debut Ticket, Trump Launches Attacks
"Joe Biden and Senator Kamala Harris said to appear together for the first time as running mates at a high school in Wilmington, Delaware, near Biden's home. The four hours that followed Biden's announcement about Harris joining the ticket brought $10.8 million in donations to the campaign, Biden said all along, he wanted somebody he was simpatico with and now he's betting Harris. Helps him win. She will speak at the Democratic Convention one week from tonight, and today's event is going to be the first time these two have appeared in person together in public since since March March 9th, 9th, right right before before the the lockdowns lockdowns for for the the pandemic pandemic started. started. We We don't don't know know exactly exactly what what we're we're going going to to get get in in the the days days of of social social distancing. distancing. We We know know that that there there are are gonna gonna be be stringent stringent restrictions restrictions on on the number of reporters who are allowed inside and everybody is going to be required to wear a face mask Thoughts is Peter Doocy in Wilmington, President Trump calls Harris the kind of opponent everyone dreams. Tough tweeting earlier today that she finished weak in the Democratic primaries.
President Trump on Chief Best's retirement: 'Seattle has made a tragic mistake'
"Now sounding off on the retirement of Seattle police chief Carmen Best, saying the city has made a tragic mistake almost Corwin take. Trump's comments from the White House took aim at events in the Pacific Northwest, two largest cities, reacting in one breath to the retirement of best and to the ongoing street protests in Portland, and I think she had was made it Tragic mistake. I think Portland Has no clue as to what they're doing. His opinion that Seattle made a mistake likely refers to City Council budget cuts that would have required best to personally fire 100 officers. I have my convictions. I cannot do that one local political analyst Ron Dots, Our with strategy's 3 60 believes Trump intended his remarks to be heard by voters across the country. Trump was not speaking to Seattle instead, dots our says the president was delivering a pro police tough on crime message for all cities, too. Here, Corwin.
QAnon backer wins congressional primary in Georgia
"Trump offering praise for a controversial congressional candidate. Despite embracing a French conspiracy theory and facing backlash for espousing racist, anti Semitic and Islamophobic views in recent videos, President Trump congratulated businesswoman Marjorie Taylor Greene on winning the Republican runoff for Georgia's 14th congressional District. Trump called Green, a quote, future Republican star who is strong on everything and never gives up. Many Republicans have condemned her comments, including the Georgia Republican congressman, who called the comments an embarrassment to the entire state. Green has also embrace the cue and non conspiracy theory.
QAnon backer wins congressional primary in Georgia
"President Trump has congratulated a controversial congressional candidate for her victory in yesterday's Georgia primary correspondent Catherine Falters reports Despite embracing a fringe conspiracy theory and facing backlash for espousing racist, anti Semitic and Islamophobic views in recent videos, President Trump congratulated businesswoman Marjorie Taylor Greene on winning the Republican runoff for Georgia's 14th congressional District. Trump called Green, a quote, future Republican star who is strong on everything and never gives up. Many Republicans have condemned her comments, including the Georgia Republican congressman, who called the comments and embarrassment to the entire state.
Biden and Harris Debut Ticket, Trump Launches Attacks
"It Anticipated side by side appearance for Joe Biden and his running mate Kamala Harris. This afternoon, Harris becomes the first woman of color to running a major party ticket. It is history. Former Obama adviser Valerie Jarrett denounced President Trump's, however, rhetoric against the California center, But President Trump was saying, calling her, You know, nasty When we don't use that kind of language to describe men and particularly women who are doing their job. She was writing campaign. She's interrogating witnesses. She's serving the people's interests, and I think the American people will realize that and I know one thing by specially by and Senator here is going to work very hard to earn their trust. Harris attacked Biden on issues including busing, CBS News correspondent Ben Tracey reports that is a businessman, though Mr Trump donated to Harris campaign just minutes after Harris is selection was announced. The Trump campaign dropped this attack ad debut in what appears to be the latest in presidential put downs slow Joe and phony comma. But when Kamala Harris was running for California attorney general Then businessman Donald Trump was a supporter, contributing a total of $6000 to her campaign coffers in 2011 and 2013 and that's been Tracy Harris ran for the 2020 presidential nomination, but dropped out of the race in December after failing to raise enough money.
Relief package talks stall
"Week, we were told that a stimulus package of Congress was imminent any day any minute But now it doesn't appear that we're going to get anything even. Maybe this week, maybe even in September to take us through all this is Libby Cantrell. She's head of public policy at Kim Pimco. So, Libby what is going on? And because we thought we're going to have it for sure. I don't even think they're talking right now, are they Yeah, well, but afternoon, David, and they're not necessarily talking on and you know the agree that there was some optimism last week that And maybe some of this was just posturing and we would get a deal by this week. Obviously, that that does not look likely. At this point. However, the framework for a deal is there on DH. There is in more agreement, then disagreement on some of the big items. But the big sticking point, as you know, is the state and local funding, and Democrats are insisting on funding at a trillion dollars. Republicans, of course in their bill didn't put any money for state and local funding. That is sort of the big area where they're far apart. However, as we're going into the election, Mitch McConnell, the majority leader, has many folks in his conference are quite vulnerable and who are likely going to be agitating for some of that state and local funding. So I think the bottom line here is That even though there's quite a lot of brinksmanship and posturing, there will likely get something down just because the political downside risk is just honestly too great. I'm not doing anything. Livy is your best guess that President Trump's for executive orders over the weekend made things harder or easier get a deal done because it feels like sort of every sort of put their pencils back down and forgot about this since he did those executive orders. Yeah, it's a great plan. Do you think that and those were in some ways more more symbolic than substantive? I think he was trying to re balance the negotiations trying to increase leverage. For Republicans, and maybe he did that for a day or two. But I think the broader recognition is that those executive orders are limited in terms of what they can actually do for the economy. The unemployment insurance benefit in particular, looks like it's going to be very hard for states said to implement it only lasts for a few weeks anyway. So I think that there is a broader recognition that these you know Theo didn't do very much and you know, at the end of the day Congress has to act and you saw Majority leader McConnell come out last night and basically saying that negotiators needed to restart talks, So maybe the put a pause on those negotiations for a day or two. But I wouldn't be surprised if you know if congressional negotiators didn't start talking again in the in the next few days or so. We'll
Trump on Biden's VP pick: She's the most liberal person in the Senate
"Trump tells Fox's Sean Hannity that Joe Biden whiffed when he picked Kamala Harris is running mate. I think you know, she's the most liberal person supposedly in the Senate. That's pretty liberal, but she's supposed to be the most. I'm not sure that's what the country wants. They think of it is we've got problems. Some of Democratic presidential ticket makes their first joint appearance today,
‘You’re Gonna Have To Learn To Speak Chinese’: Trump Warns Of Hostile Foreign Takeovers If Biden Wins
"Don't win the election, China will own the United States. You have to learn to speak Chinese. Soul. And Trump is obviously trying to position himself is the tough guy in China and Biden had a tweet yesterday something along the lines off. Oh, yeah, well, I'm going to be this on China and Trump has done that. There is, I think they're both right. But if you've got both candidates trying to out anti China, each other that gives you an idea of the direction we're going with our relationship with China, and
Joe Biden Picks Kamala Harris as His Running Mate
"Much of a surprise this is to everyone. Some people seem surprised Other people like Well Yeah, No. Duh. But Joe Biden announcing yesterday his running mate will be Kamala Harris Thie. Senator from California, and Biden did say early on that he would pick a woman as his running mate, and Harris now makes history as the first ever black woman. To run for vice president on a major party ticket. Her mother is from India. Her father is from Jamaica. So some people are saying she can't call herself African American, but I think she certainly can call herself Black Charlie read and we'll start with you. Are you surprised by the pick? And what do you think about the pick? No, I wasn't surprised because this her name had been floated quite a bit in recent weeks, and she had kind of gone into a little bit of a hibernation for 72 hours or so. Which is it? Something that vice presidential candidates who are really close to it do so they can avoid, you know, last minute questions and all that. And you know, she certainly has a wonderful story as she is the daughter of immigrants, and she Has became a U. S. Senator, for goodness sake, and I don't want to diminish anything about her at all. But I don't think that her role is that important because I think it's all basically whether or not you like Donald Trump in 2020 I think he's the big factor there. I'm not going to say that Joe Biden could've picked Attila the Hun and one but right now, I think it's pretty much Donald Trump or not, and the vice presidential candidates are not that important. They never really are, in my view, and when you think about it Issue. Let's say Is she going to bring people of color to the ticket? Well, I think many people of color, especially African Americans were going to vote for Joe Biden anyway, so I think it's a solid choice in the sense that she As a lot of energy, probably a lot more energy than Joe Biden. Really, and she's She's very good on her feet. She's got a few issues that could dog her. We'll see. But overall salad picked by Joe Biden.
Mauritius seeks compensation as oil spill cleanup continues
"Residence of Mauritius which is an island east of Madagascar in the Indian. Ocean are calling for international help to stop the economic and ecological damage from an oil spill that has already leaked thousand tons and could dump twenty, five, hundred more local authorities have done what they can to plug this leak but they're concerned that this tanker that ran aground could just split in half. This bill is already devastated local wildlife the local economy the local food supply the ship is Japanese Japan said they're going to help with the operation but locals are calling for a full-scale international response. Let's hope they get it. We just wanted to raise that because this sounds like a potential disaster. Yeah. In the kind of thing that. You know he's not front and center given all the other news in the world. But again, like this is another reason why you need like a functioning vehicle for collective action around the world, which is missing in the absence of the US playing that role. Because you know these kinds of things can have devastating a long lasting ecological impacts so. Good to raise it in in the kind of thing that I'd like to see the. US. Again, if there's a change administration would take the lead on on in the response to this kind of thing unfortunately, not going to happen under trump.
Ep. 008: Hedrick Smith talks grassroots democratic reform & reclaiming the American Dream - burst 02
"Edrich. How did we get here? Well you know I have to tell him like eleven following American Politics American economics for about five decades and I really watched both the political system and the economic system victory over that time in economics, the things really began to change in the eighties early eighties. From World War Two until the end of the seventies. When the economy grew the middle class standard of living rose with it. You can see him almost move in tandem all levels of society moved up together but then we started to get what they call shareholder capitalism maximum return to shareholders. Wages tended to get frozen. They got stagnant. The middle class of living deteriorated wealth got concentrated. The top one percents the top point went percents top point zero, zero, one percent, and then you had a bunch that happened in the economy partly because of shareholder capitalism, we can talk about that. But also because of the way the tax system was changed huge tax cuts. Under Ronald Reagan under George Bush on Donald Trump for the wealthy added about five trillion dollars five trillion dollars to the wealth of the people at the top end added to the insecurity of the middle class people not knowing whether or not. They could afford their retirement, send their kids to college of for their homes, make it from month to month, and at the same time that was happening a lot of that money was spilling into the political system. So you had the increase. Influence of mega donors, corporate money, and billionaire money particularly since the Citizens United Decision in January twenty ten by the Supreme Court which has given just a free pass to unlimited amounts of money and you've seen the amount of money skyrocket wing go into that. and. That's really affected the political system and the other thing is the party differences have hardened.
"trump" Discussed on Trump, Inc.
"Lease to run. What is now? The trump international hotel in Washington another bidder files a protest claiming. There's no way. Trump can live up his financial promises that is history of defaults and company. Bankruptcies should qualify him. Ivanka does the negotiating and trump's lineup an equity partner colony capital. If that name sounds familiar. It's the firm founded by trump's friend Tom Barrack. We recently did an episode on barrick trump's inaugural planner. And what we're doing is trying to oriented towards the greatest tribute to American barrick lends colonies name to trump's bid for the old post office but then colony drops out and trump needs a new financial partner. He gets another generous loan. This one hundred seventy five million dollars also through rosemary from Deutsche Bank. Ivanka trump says the family is in it for the long haul. She wants her daughter. Arah Bella to oversee the hotel someday. trump now owes Deutsche Bank. Nearly three hundred fifty million dollars for the Chicago debt to loans for Durell and one for the old post office. He even tried to get another one too by the buffalo bills but the deal never went through the New York attorney. General is looking at that one. Oh there was one more loan in May of Twenty Fifteen Ivanka. Trump's husband jared kushner's company buys the retail floors of the former New York Times building for just under three hundred million dollars then sixteen months later. The KUSHNER's go to your bank. The get an appraisal that says the property is worth two hundred million dollars more than they paid. The kushner companies have said the increased value was because they were going to get more lucrative tenants but anyway they get a big loan from metabank. It's for more than what they I paid for the building. They walk away with the seventy four million dollars in cash.
"trump" Discussed on Trump, Inc.
"So I mean really. Things are quite topsy-turvy right now. And there's a lot of money at stake and there's a lot of really powerful influential. People who have a huge stake in what the government bailout looks like and those people could include probably do include Donald Trump and the trump family. Yes as well as the Kushner Family Vogel is a reporter for Propublica to learn more. Read her full story at the PROPUBLICA website and now our story on one of those lenders heather has been writing about Deutsche Bank. Here it is ladies and gentleman very welcome in January the head of HR Bank Christian seven did an interview with you've accuser. The business editor at the German newspaper site the two were speaking at a reception at the World Economic Forum in Davos Switzerland. You wanted to become a journalist of all profusely. The newspaper man asking the banker if you were a journalist. How would you report onto a bank today so in a nutshell? What you write. The deutsches CEO is taken aback. He fumbles for a moment. I would say Deutsche. Bank is the most significant self-help story the financial industry. That's how did decide editor doesn't really WANNA talk about self help. Sometimes with documents the case just it seems to get better. There is another problem in November when things really looked up and then all of a sudden state attorneys came in search touchback headquarters under the suspicion that Dutch Beck was involved in money laundering activities. What was your first thought? A few months earlier the German please rated the bank's Frankfurt headquarters now of course at that point in time. It's it's disappointing. Not Disappointing personally for me but you have being subject to investigations and regulatory actions has become the new normal for Deutsche Bank in recent years. The bank has been fine billions of dollars for lax controls on everything from laundering Russian money to violating sanctions against Iran Libya and Sudan. So how you? Life is tainted by dodger. Ben's past how do you live with the constant uncertainty? That something else might pop up. You know I think that makes live really interesting. Standard life has become very interesting for deutchebanks in recent port. Filing Congress reveal that has been asking for detailed records of trump family. Business interactions with Deutsche Bank in the filing Congress said straight out it's investigating the relationship for possible money laundering illicit financial deals fraud and foreign influence in the two thousand sixteen elections by its own. Admission deutschebank has a history of serious compliance deficiencies when it comes to global money laundering in the very recent past now comes a new revelation from the New York. Times which banks own anti money. Laundering experts flagged multiple suspicious transactions. They were as recent as twenty sixteen and thousand seventeen and involved. Trump's business and the one formerly run by his son in law jared Kushner among the transactions. One where money had moved from. Kushner companies to Russian individuals. The Times wrote that deutchebanks money laundering. Experts were so concerned they wanted to report these transactions to the US Treasury but supervisors refused to do so carry mccue DEUTCHEBANKS spokeswoman said statement alert dispositions by investigators undergo a higher level review by qualified staff Transaction Monitoring Castle Wide Net. And not all alerts will result an escalation. She added would take our responsibility for compliance very seriously and that the bank has increased our anti financial crime staff and enhanced its controls in recent years a spokesperson for the trump organization. Email the statement. This story is absolute nonsense. We have no knowledge of any flagged transactions with Deutsche Bank. In fact we have no operating accounts with Deutsche Bank. We sent questions to the Kushner companies. The White House. Trump's private banker and lawyers for the trump suit jared Kushner. The White House did not have comment. The others didn't respond. Meanwhile the investigations pile up. Those subpoenas were sent a multiple financial institutions including Georgia Bank. The House intelligence and Financial Services Committees are hoping to get information on loans. The German bank gave to the trump and trump organization presidential harassment. This is all these people do. Eric Trump earlier today and Fox and friends calling it harassment is the trump family and the organization sue Deutsche Bank and Capital. Wunder to block subpoenas issued subpoenas into tweet. Your Bank and we are collecting a lot of the documents that we had requested. And we are reviewing can only tell you that the investigation about as the result of the testimony of Michael going. Hello and welcome to trump INC podcast from WNYC and PROPUBLICA that digs deep into the secrets of the trump family business. I'm Andrea Bernstein. Today on the show trump and his family's relationship with Deutsche Bank a bank with a history of problems they were laundering. Money for wealthy Russians and people connected to Putin and the Kremlin in a variety of ways for almost exact time period that they were doing business with Donald Trump. This is David enrich the finance editor of the New York Times and all of that money through Deutsche Bank was being channeled through the same exact legal entity in the US that was handling the donald trump relationship in the US. And so there are a lot of coincidences here. There's a lot of smoke. I have not found any fire but unfortunately I do not possess subpoena power. And we're going to walk you through all that smoke. Trump INC is an open investigation. So we're just going to say right now. We're still not sure what this all adds up to what we do know trump right now owes fell three hundred fifty million dollars to Georgia Bank more than he owes to other financial institution and so much is happening regarding the bank so fast that we decided to lay out what we've learned by digging into trump's financial deals with the bank and why his recent loans raise so many questions questions raised by Congress the New York Attorney General and the bank's own employees. Let's get to know Deutsche Bank. It likes to think of itself as a cousin of other global institutions like J. P. Morgan Chase Citigroup but deutsches recent history sets it apart from its competitors after the global financial crisis in two thousand eight deutchebanks like all banks was under financial pressure at the same time there was more and more wealth building in Russia and Russians. Wanted to get it out of the country. Maybe earned it illegally. Maybe they were just scared that if they kept their money in Russia Vladimir Putin would have it seized banks supposed to run checks to make sure they're not helping criminals move dirty money and New York state regulators. Found Deutscher. Didn't.
"trump" Discussed on Trump, Inc.
"In two thousand. Nineteen Flynn filed a whistleblower complaint with the Securities and Exchange Commission. We don't know whether the SEC is looking into it and now we come to the part of this story that could connect to trump in his complaint. John Flynn names. Fourteen major lenders were this asset. Inflation appears to be happening. Two of them are lenders. To trump Deutsche Bank and ladder capital. By the way Tom Barrack colony capital is not involved. Deutsche Bank has made loans on trump's DC in Chicago hotels enter Rowan Florida ladder. Capital has made loans on trump tower trump plaza. Forty Wall Street. So we can tell you is that I did look into one of those properties. I looked into trump tower. We can look old loan to new loan and sure enough. What we see. Is that in twenty ten. There was a twenty one percent discrepancy between the two reported. A profit numbers meaning that the old loan was Twenty one percent lower reported profit than what the new loan reported for the same year for twenty ten so it appears that this property is among those that have these questions about its net operating income that we've seen kind of across the NBA market. So you know. Certainly trump has done business with banks that were named in this complaint that I wrote about and it appears at least one of his property was involved and it just underscores the point. I suppose that any action that the trump administration might take around this could affect the trump organization. This is the conflict. We've been looking at first several years. Now you know obviously anything that the government steps in and does for this industry potentially could have an effect on the trump organization very directly Because this is the type of lending that they depend on so you know this is a market. They're very involved in and the Fed has taken action around And there may be further pieces of the bailout that touch it. So you know as we're heading toward this crisis I think it's worth keeping an eye out to understand what the implications are for the president's properties and company and his associates. Heather heard back from the trump organization's chief. Legal Officer Alan Garten. Here's what he told her to quote them. Not only with the numbers provided to the service are accurate but trump tower is considered one of the most under leveraged commercial buildings around ladder capital said it altered historical numbers for to loans that. Heather asked about to remove expenses that were not recurring in the future. It said it's actions. Were appropriate ladder. Did Not respond to requests for comment about its loan for trump tower as for John Flynn's allegations about inflated CNBC'S. Several lenders told Heather they believe it's okay to make changes to historical prophets others including Deutsche. Bank did not comment an industry. Group said they weren't aware of the practice the SEC.
"trump" Discussed on Trump, Inc.
"On Friday April third late in the evening trim fired another Inspector General Michael Atkinson. He's the one who forwarded the whistleblower complaint on the Ukraine matter to Congress in accordance with the law trump defended his decision. I thought he did a terrible job absolutely terrible. He took a whistle blower report. Which turned out to be a fake report. It was fake. It was totally wrong. It was about my conversation with the president of Ukraine. It took a fake report and brought it to Congress with an emergency. Okay not a big trump fan that I can tell you. It was only January three months ago. That president trump was on trial for abuse of power and supporting Congressional oversight after his acquittal he dole dealt punishments to perceived enemies and rewards to his friends. And that's what we're going to be looking at now. How trump's allies stand to benefit from the national emergency. Ilya Marritz takes it from here. Thank you Mr President. Can this episode. With president trump in the Rose Garden with Mike Lindell the my pillow guy frequent patron of trump properties republican donor heaping praise on the president and getting an amazing promotion from trump on live. Tv In return. There are more concrete things to be gained for other businesses bailout money contracts and changes to enforcement and regulation. Okay thank you very much. Great honor to be with the world leaders in American oil and gas and really I can say the world leaders period when it comes to energy in American energy biggest companies at the beginning of April president trump welcomed oil and gas executives to the White House with us as well. Greg Garland and Phillips Sixty six Dave Hager of Devon Energy Harold Hamm of Resources Herald. Ham was one of Donald. Trump's biggest donors and earliest supporters in two thousand sixteen held a brand of Hill Corp Energy Jeff Hildebrand gave over a quarter million dollars to trump victory the RNC in the trump campaign last year also at the meeting an executive of a pipeline company or former Energy Secretary Rick Perry recently rejoined the board and Exxon which donated half million dollars to trump's inauguration plus a handful of Others Liam. Thank you for allowing us to be here today and taking all. You're doing us very much. Thank you so there was this meeting. We know about it. The White House posted part of Youtube. Today we'll discuss the impact of the corona virus on American energy industry as the pandemic brought on by global economy. I mean it's an incredible thing that's happened. Nobody thought this was possible. We had the greatest economy in the world like other businesses. Oil and gas companies can benefit from a provision in the cares act that allows them to turn balance-sheet losses into tax savings. We also know about a policy change that took effect days before this meeting which could have a very big impact a new guideline that says the EPA will not seek penalties for businesses that oversees that failed to meet routine monitoring and reporting requirements for things like water and air missions. If they can show it was as a result of the pandemic. This policy is temporary. But there's no set end date. It's the most sweeping change I think. In the history of the agency this is Judith. Inc. a former top. Epa official in New York. She says the new rule means all kinds of companies chemical manufacturers power plants landfill operators and yes oil and gas producers may get a pass on reporting. I can't tell you how stunning it is to have. This apply across the board in that companies simply tell EPA after the fact and all they have to do is explain why covert nineteen made it impossible for them to comply with their environmental permits the EPA said. It's facing an unprecedented challenge. The new policy will quote allow the EPA to prioritize its resources to respond to acute risks and imminent threats other agencies. Also say they're balancing normal enforcement and oversight with Public Health in recent weeks we've seen fast-tracking of some merger of us by the Department of Justice and the Federal Trade Commission a rollback of data collection by the Consumer Financial Protection Bureau dated that supposed to ensure fairness in lending the department of Transportation temporarily relaxed rules on rest breaks for some truckers. That's something we know. Trump's donors wanted more. And this is where you come in especially if you're a federal employees or someone in an industry that's being deregulated right now. Do you see rules. That are being changed in that donors and trump supporters would want. Have you noticed a change to the fine print in the Federal Register? What do you know about how the President or family or his aides may have been lobbied we want to hear from you go to trump INC podcast dot org and follow the props to securely?.
"trump" Discussed on Trump, Inc.
"We do know that in the past trump has aggressively used stated business losses to reduce taxes. The New York Times reported during Nineteen Ninety and nineteen ninety-one trump's core business losses. Were more than double those of the nearest tax payers in the IRS. Information for those years. Then there's this other bucket of money. This is money. Set aside for something called the paycheck protection program which is a loan program that is designed mainly to help. Small businesses keep people on payroll and businesses can apply for these loans and if they spend the money in a certain way and meet certain requirements that loan or part of it will be forgiven and it appears that some parts of the trump organization qualify for these small business loans. Explain that plays in the cares act. There is a special provision for the hospitality industry which says a hotel can qualify as a small business if a single location. That hotel has fewer than five hundred employees. So even if it's part of a bigger company if one individual hotel has under five hundred people working there that hotel can apply for one of these loans and the idea is to protect smaller hotel owners who may be affiliated with these bigger chains. So what we did was. We came up with a list of trump organization properties that we thought might meet some of their criteria. Okay so you populist. Check the number of employees. What did you find? We found four trump hotels that appear to qualify to that. He owns outright and to that. His company manages. The first is all the moral state. This is the small hotel that's associated with the trump winery in Charlottesville and the second is the trump international hotel in DC On the hotel's linked in page it says that it has fewer than five hundred employees and I also talked to a couple of hotel industry experts. Who said that number sounds about right? The trump organization also manages a hotel in New York and Chicago that both appear to have under five hundred employees. We reached out to representatives at each of these hotels to ask about staff size or whether or not they plan to apply for one of these loans and in here back so this program which could be giving paycheck protection act funds to some trump businesses is run by the small business administration which trump overseas right and the small business administration still hasn't lead out whether or not there will be any public. Disclosure of which businesses qualify which ones receive loans and which ones ultimately get those loans turned into grants We just don't know how it's GonNa work. One thing to add here. Is that loan? Forgiveness depends in part on businesses keeping people on staff and we've already heard of trump hotel employees getting laid off furloughed. So let's talk about that. Trump has hundreds of millions of dollars in debt. His BIGGEST LENDER IS DEUTSCHE BANK. And some of the money that trump organization barred from Deutsche Bank is guaranteed personally by DONALD TRUMP. So he could have a situation where a major bank is renegotiating payment terms with the president of the United States. Who has the power right now to make sweeping changes to the economy so we know from recent reporting in the New York Times that the trump organization has already reached out to what your bank to discuss the possibility of postponing payments. Some of its loans. There is actually a provision in the cares act that applies in this situation and would make it easier for Deutsche Bank to say yes so under normal circumstances when a bank restructures alone or offers modified terms like the ones that the trump organization is asking for it would have to reclassify that loan as troubled debt and then take a couple of extra steps under the cares act. Banks don't have to do that. And the idea is to give banks. More flexibility to work with borrowers and prevent a wave of defaults economists and policy. People I've been talking to about this say this is a really important provision so when it comes to trump. It's not so much an outright benefit it's more like one of these situations that we often see that highlight the kind of complicated tangle of business and government resulting from trump's decision not to divest from his business interests. I reached out to Jennifer hearn. Who is the policy director at citizens for responsibility and ethics in Washington to talk about the potential conflict of interest issues? Baked into office. Like what happens. If the trump organization applies for a small business loan. If you have a situation where more than one eligible company is applying and you have to decide between among them. That's one thing that is certainly concerning. Question is the president's business going to be receiving special treatment also. There's a big question around what enforcement looks like. That's certainly a question that I think needs to be. Raised here is not just will. They received the loans but also if they were to not comply with the terms of alone or grants. What would happen in that circumstance? Who'd be making the decision about what to do about that? There are a lot of open questions here because the reporting requirements haven't been made clear We still don't know if trump will benefit or even what his company will have to disclose We do know however that he oversees the agencies that are writing these rules. The trump organization in the White House did not respond to our questions about whether or not trump's businesses plan to apply for loans through this paycheck protection program if they do in fact qualify and Deutsche Bank declined to comment about its plans for how it will handle troubled loans trump INC reporter Meg Kramer looking at how. Trump's company could benefit from the corona virus bailout PT. There's another related question. One that's prompted by trump's own promotion of the rule of the private sector in alleviating. The National Emergency Very Small Companies Family owned company. Step up and the question is what is the trump organization do. It doesn't appear they're doing much. This is Peter L. Kind. Senior reporter for PROPUBLICA spoke to specific public officials who have got city fundraising efforts going or efforts to get donations of hotel rooms for first responders medical personnel or our patients. Who Don't need hospitalization. And they haven't heard anything from the trump organization from any of the trump hotels. So let's break that down. Let's start with New York. Obviously the epicenter of the crisis and wear trump's businesses from what did you find when you contacted officials in New York so the city desperately needs extra space to house. People Medical personnel also as overflow from hospitals and for people who need to be sequestered. Because they're either waiting. Test results are have been diagnosed but don't require hospitalization and there have been hotels that have stepped up and well the four seasons and the Saint Regis and the plaza hotels in New York have all agreed to donate space free of charge. The trump international hotel tower which is overlooking central. Park has not what other cities have. You looked at well in Las Vegas. In particular. They could have donated food. There was an order of St Order that forced all the casinos and hotels to shut down and the Food Bank. They are which is serving a population. That's in desperate need now. They have six special drive-thru locations that they've set up to meet the need after the hotels and casinos were ordered to shut down. They got a deluge of food. Donations from these places had all this stuff in their kitchens. But suddenly we're going to have any guests and they got food from a half dozen at least of the big casinos in town and they've got nothing at all from the trump hotel in fact they've never received anything for the trump hotel and they're hard time there. Now you try to find out from the trump organization what it was doing. Great yes absolutely. So I love voicemail messages for Donald Trump junior I send emails to Donald Trump junior and eric trump to garden executive vice president in Terni for the trump organization as well as spokesperson for the company. I asked him repeatedly to tell us what they're doing. I mean it's it is possible that trump's have engaged in unseen acts of charity connected to the pandemic. The trump however have not been known to high deeds for which they might receive favourable public attention. Peter L. kind is a senior reporter at Propublica up next oversight in a national emergency with trillions of dollars of taxpayer money going out the door and government being reshaped by the minute trump which is still acting like trump conducting these partisan investigations in the middle of a pandemic is a really big waste of vital resources. Time attention and we want to fight for American lives not waste time and build up my poll numbers. Because that's all they're doing because everyone knows it's ridiculous we'll be right back thanks..
"trump" Discussed on Trump, Inc.
"Hello and welcome to trump inc an open investigation from PROPUBLICA and WNYC. Into the business of trump I million merits as we're recording this show the US Senate is preparing to acquit. The president having called no witnesses in an impeachment inquiry into abuse of power and obstruction of Congress a case that began with president. Trump's interactions with Ukraine. We're going to look carefully at one thing. The Ukraine affair clearly shows the guardrails have come off political giving in trump's America. We got to see it because of this series of incredibly unlikely events at the center of it Parnasse and Fruman bit-players wandered onto center stage. The only reason we know about Arnesen Fruman is that they weren't sophisticated donors. They wrote a big checks concealed. The real source of the money and got access to the president and the the people around him they also according to federal prosecutors. Were acting on behalf of one or more. Ukrainian politicians secretly parnasse and Freeman now face criminal charges for among other things allegedly funneling foreign money into US politics and for trying to hide it. They've pleaded not guilty. This case wasn't I brought to light by prosecutors I or the federal agency that was set up specifically to catch money in politics violations. It was independent watchdogs at that early stage. We had no real idea what this was going to lead to Ukraine a pressure campaign impeachment all enabled by a system that is increasingly ripe. I prefer abuse by the rich. And when they give they give and large amounts and whether the super pacs disclose their names or they're giving through some Shell Corporation the American people may or may not know who they are. But I can guarantee you. The candidates know who is putting that money into the system in order to advance their our interests since the nineteen seventies. US Law has required campaigns and political groups to carefully the account for the money they raise in the money. They spend from printer paper to polling to private planes. It's an enormous amount of data in two twenty eighteen. There were more than one hundred forty million separate transactions yet only a small number of people make it their business to sift through those was filings looking for evidence of wrongdoing. Like this guy. I'm Brendan Fisher. The director of the Federal Reform Program at the Campaign Legal Center what is the CL's DLC Campaign Legal Center is an organization founded about sixteen years ago by Trevor Potter former Republican Chair of the Federal Election Commission and we work across all areas of democracy reform campaign finance voting rights at the redistricting. Fisher's a lawyer. But he could be mistaken for mixologist with impressive hair fashiony blazer and a pocket square almost exactly ten years ago the campaign legal centers work became vastly more complex a supreme court decision. You may have heard of known as citizens United said for the first time that corporations could spend unlimited sums of money to influence elections. It was like a hard reset on the system. The volume of money in politics surged a lot of that money. Money went to committees called Super PACs unlike campaigns. There's no limit on the size of donations. They can take the only checks on super PACs are. They're not allowed to coordinate with campaigns and candidates and they're required to disclose their donors. Fishers job in part is to track SUPERPAC cash one day in the summer of two thousand eighteen. Something caught his attention. Luckily Marquette at the daily beast newsletter flagged this mysterious donation it was to new America first action a political groups supporting trump for president for three hundred twenty five thousand dollars and it came from an entity with a big sounding name global energy producers the newsletters. There's no information whatsoever about this group but I mean was this corporation formed if anybody has any more information then let us know. Fisher's view is that secret political giving is inherently bad for democracy because people should know who's trying to influence elections in this particular donation from global energy producers was big enough to get noticed it was six point five percent of America First Actions Total total receipts that quarter but at first glance that was all fisher. New Is there any evidence that this LLC could've generated sort of income necessary to cover this six figure donation. So I flagged it for Maggie and said what can you know. Can we figure anything out about this group. And then she took it from there. The first thing I did did was check the corporate records and had formed in Delaware just about five weeks before it showed up on the the Super PAC report and that was an immediate yet red flag. That's Maggie Chris. I'm the campaign finance researcher at the Campaign Legal Center Chris noticed that global energy producers had recently only posted an item online looking for a website designer. It didn't sound at all like an established business. She kept digging. Global Energy Producers had a corporate registration in Delaware. That didn't lead anywhere but hopefully for us on the SUPERPAC report itself. There was a different address of a residential address in Florida Florida which led her to live Parnasse and eager Furman at the time to complete unknowns from an and partners at that point had basically no public footprints. We couldn't find a single mention of them in any. US News sources eventually as we started pulling it a few more threads reds we did find some Russian language news coverage in Ukraine from not year where they had been bragging about out there connections to president trump and had been showing some pictures that they had snapped with him at some fundraising. That's hard for you. Were just browsing browsing versus Russian language. Great well involves some uses of Google. Translate and some creative uses of of that Yes it's not the typical sources I would immediately go to one. Russian language describes as a quote channel of direct Communication Shen between the Jewish community of Kiev and the president of the United States. It goes on to detail the donor dinner at the trump hotel. The one where Parnell said embassador Yovanovic had been speaking ill trump. The article also includes a photo of fruman with trump at mar-a-lago from in is making a thumbs up. You know it's exceedingly rare that you can find little information about a big donation. US press but you find a lot of information about the donation and the donors behind it. In Russian language. Ukrainian Press Fisher saw this as worrying. The campaign. Legal Center filed a complaint alleging that global energy producers. I was making a political donation on someone else's behalf global energy produces LLC was being used to facilitate a straw donation that gee the EP was not the true source of the funds. That parnis broom in or some other source a actually provided the money that went to America first action And we filed filed a complaint. Alleging that and later turned out that we were right following the citizens united decision watchdog groups like the campaign legal center started noticing thing hard to trace. LLC's giving money to political groups. They saw this in twenty twelve in two thousand fourteen. In two thousand sixteen they wrote to the Federal Federal Election Commission demanding action and the F. E. C. Stat on those complaints for years eventually. Dismiss them but said that moving forward when there is is evidence that a llc was created for the purpose of hiding the identity of the donor Then it would enforce the law so when we saw global liberal energy producers show up on the America First Action Campaign Finance report it seemed to fit that profile. So here's a test case for that. New doctrine large political donation check anonymous Shell Corporation check donors with mysterious motives check then it got weirder. CLC heard from a lawyer representing a family that invested in a film with the working title anatomy of an assassin. The movie was never or made to family sued. The Guy who got them involved his name life partners. That lawyer then was able to subpoena bank records and wire transfer records and made some of those records public in his Florida case which we looked at and they saw something they did not expect act. The big donation from global energy producers did not come from global energy producers a different LLC controlled by Parnasse and his wife off wired the money and then Fischer says for whatever reason the Super Pac agreed to falsely attributed the donation to global energy producers despite the fact that it knew that the money actually came from some other source. I should note America. The first action was not charged alongside Parnasse and firm in the group did not respond to our questions about the donation. If this feels confusing well confusion can be helpful. If you're trying to hide something about a donation.
"trump" Discussed on Trump, Inc.
"We're back and we're looking at Tom. Barrack the man who ran Donald Trump's inaugural committee. It's now inauguration week with balls lunches a concert at the Lincoln Memorial. Thank you very much. Everybody thank you Tom. And an event that has never happened before a five hundred guests. black-tie tag gathering chairman's Global Dinner Chairman. As in Tom Barrack we have so many friends hundred forty seven diplomats invested. It's never been done before. Never had the entire foreign diplomatic core is invited. Plus top dollar donors and there's a separate guest list of over one hundred people invited by the chairman including ambassadors and foreign ministers from Saudi Arabia and the United Arab Emirates. Oh I know how this room is why this is one. This place is surrounded tonight but I want to thank you all for being here. We have great respect for countries. We have great respect for world. Just a short snippet video is all that was released to the public but for five hundred people who mattered. Tom Barracks closeness to his friend. The incoming the president of the United States of America is on vivid display as a troop of Las Vegas dancers Stevens showstoppers pivot and twirl. On a purpose built stage. That cost close to three million dollars. Paid for by the committee. The Tax Tax Return the nonprofit fifty eighth presidential inaugural committee gives this mission statement to promote the social welfare by supporting the inaugural activities of the president elect and vice cuts off there. But what was Tom Barracks Mission Statement. If you thought it was the worst job in the world. Why did he take Justin? And I found a clue. This is an eight-page strategic plan for colony it's dated February twenty seventeen and it's on colony letterhead labeled private and confidential and. Let me restate that date February. Twenty seventeen right after the inauguration. What I found so interesting about this memo is is that it seems to represent colony hatching a plan to profit off? It's access to the trump administration and it's access has to all of these foreigners who were in town for the inaugural events the memo talks about setting up a DC office. The White House Liaison and Public Affairs team quote tie into international bilateral meetings already occurring with key members of the trump administration this would include taking a leadership role in informing the events the participants and the agenda. They seem to be envisioning sort of form of soft lobbying and actually say explicitly in here. We want to establish this brand brand but we want to do it without the appearance of actually lobbying serve suggested. They they were going to be lobbying. Didn't WanNa look like they were lobbying. Yeah and you know another thing about colony is one of the ways they make. Money is by investors giving the money to manage and they make fees off that so I think sort of the subtext text here is that if they position themselves as sort of gatekeepers to the trump administration that's only going to be good for their investment business and for sort of potential inflows inflows from foreigners we asked colony about this document. Here's their statement. This memo was simply an outline of proposed potential business plan which was never acted acted upon or implemented colony at no time has maintained a DC office. There is one thing that we do know which is that. We have calendars from from Steve. MNUCHIN DON trump secretary of treasury. That show in the weeks and months after this memo has written Tom Barrack and Rick Gates. Who is a consultant consultant? At the time. Were having a series of meetings with Secretary Mnuchin and one of which included a bunch of ambassadors from Middle Eastern countries like cutter and UAE at a fancy restaurant in the Georgetown neighborhood of Washington. It was in a private space called the mermaid room with seven ambassadors others. A barracks spokesman told US quote. Tom Has meetings with Mnuchin all the time before during and since the election and quote and so you look look at that calendar Van. We don't really know what was discussed there. But it looks a lot like what they're describing in this memo which is putting colony in between meetings of the trump administration and foreign officials so one big question is was colony somehow trying to profit from those meetings and we. I don't really know what was discussed. And they wouldn't tell US frankly. We do know that around this time. Barrick was promoting a private companies plan to export. US nuclear technology to Saudi Arabia. He discussed leading a White House. Initiative in the Middle East and Barrack told our PROPUBLICA colleague. ARNS DORF that. He considered buying a stake. In and Westinghouse the only American manufacturer of large-scale nuclear reactors whistleblowers rest concerns about the nuclear plan and the House Oversight Committee investigating since trump took office more than seven billion dollars has flowed into colony capital investment funds a quarter of that from Saudi Arabia and the United ended Arab Emirates. We started our reporting with a question. Where did all that inaugural cash go? We found some answers answers. The trump organization was paid which lead to bigger more troubling questions. Did the inaugural committee break the law. Where people taking part in this cash bonanza to to benefit themselves and by access now federal prosecutors in New York have opened a criminal probe that separate from the Muller investigation? They've subpoenaed documents. Let's it's Tom. Barrack lawyers for the inaugural committee who after respond in the past presidential inaugurations. Got Maybe one line in the history bucks. This one keeps making news.
"trump" Discussed on Trump, Inc.
"Until she isn't Hillary Clinton when Bill Cosby was accused of sexual assault. Mrs Clinton tweeted every survivor of sexual assault. Deserve right after the Republican National Convention. In Cleveland Paul Manafort is forced out of the trump campaign after his undisclosed work for a pro Russian Ukrainian strongman is reported in the news barrick was on TV. Paul Manafort the best in the business incredibly credible incredibly thoughtful mazing track record. He did the job and and then as politics goes everybody gets attacked. I mean this is just a week after. Donald Trump wins the election. He picks Tom Barrack to run his inaugural committee. He's the chairman now. People start start to call him that. In the past inaugural chiefs were often creatures of Washington. Sometimes they went onto jobs like White House. Chief of staff Tom Barrack like the man man who chose him is a wealthy outsider. What he wanted from the GIG is not so clear in Tom Barracks world? You make money by managing other people's money. The thoughts are on a colony financial collie finances one will and even more money flows your way and you get cheered on by Jim Cramer on CNBC. By it's run by Tom. Barrack and I think Tom Barrack is money. I'm going to recommend let's. Let's go to Brian. Brian Unlike private equity firms where the goal is prophets with a nonprofit inaugural committee. The goal is to raise the money. You need to support the mission and then close up shop. You're the instructions. President George W Bush gave to his second inaugural planner. Greg Jenkins you. Don't turn on the spigots full speed ahead. You raise what you need with a ten percent contingency and then live within your means means spend within your means and then you should not have much more leftover. The fifty eighth presidential inaugural committee under under Tom. Barrack does not adopt this thrifty attitude on paper. They say they aim to raise fifty million dollars. Almost one hundred seven comes in their forty seven one one million dollar checks. I've seen notes from the committee's first meetings. You can feel the participants trying to manage. Trump's impulses people say things like make it more pageantry than just the military or eliminate all the parts about winning in a different meeting. According to one source the president elect said. He wanted the kind of show. They have in North Korea for his right hand man in the committee running things day to day Baruch turns to Rick Gates. This is the same Rick Gates was Paul Manafort's number two in Ukraine worked for the trump campaign and much later pleaded guilty to conspiracy and lying to the FBI. In the Mueller. Probe in the midst of inauguration Planning Ricketts rights rights to Ivanka trump. He's looking for price quote on the event spaces at the trump international hotel in Washington. Ivanka connects gates with the hotels director over email propublica just Elliott and. I got the emails and spent a lot of time reading them. The prices they quote are hundred. Seventy five five thousand dollars per day and this is going to be for four days. One hundred seventy five thousand times four is seven hundred thousand. This information is forwarded to Stephanie. Winston walk-off and experienced Newark event planner responsible for conceiving and organising many of the party's we'll call expresses her concerns to vodka and Gates in writing and she essentially says this price is ridiculous. She says please take into consideration that. When this is audited it will become public knowledge stat? Locations were also gifted union station like the trump hotel is a grand old space. That's book for an inauguration. Week event on like the Trump hotel the operator of union station decides to donate that space for free I called up a bunch of DC event planners to ask what they make of this one hundred seventy five five thousand dollar a day number. Their views fell on a spectrum. Somewhere between. Oh that's high and you've gotta be kidding me a spokesman for the inaugural committee confirm. I'm to us that the number and those emails four days for seven hundred thousand dollars total. That is what the committee paid. Which means that the objections in this email exchange exchange from Stephanie Winston? Walk off the event planner to that one hundred thousand dollars a day raid did not win the dentist. The quoted one hundred hundred dollar a day raid was the rate that they paid. Those emails would be of interest to the Internal Revenue Service if they were to conduct it. This is Brett Capelle. He's an attorney down in in Washington. Who Specializes in political nonprofits like the inaugural committee? He told US American tax laws were written to discourage the people who run on profits from steering steering money to insiders and their family members. Ivanka trump who helped set the price. Once testified she owned seven percent of the trump hotel her father and two the eldest brothers on the rest Capelle says if the committee paid them above market rate. Well it's violation of entities tax exempt status and the regulations regulations that govern tax exempt transaction. Now that's that's just a civil violation. Now if they uncovered evidence of a conspiracy to deliberately violate the Internal Revenue Cook by charging two or three times the fair market value in order to derive an illegal profit. Then you get into the criminal side the tax law and those emails Certainly are not helpful to them in that regard the criminal violation hinges on whether the committee committee knowingly deliberately overpaid and whether it can be proven federal. Prosecutors are now looking at the committee's finances though we don't know whether tax laws part of their probe prob- one transaction like this is enough to bring a criminal tax case but if there's a pattern involving other transactions involving the inaugural uh-huh committee and I suspect what they're going to be doing is a forensic audit of all expenditures made by the committee to see you know who ultimately received the money the fifty eighth Presidential Inaugural Committee reported to the IRS that it did not pay above market rates to insiders. We wanted to ask Barrick about this us as the guy in charge. Why did you book the Trump Hotel? Were you concerned about overpaying. Baruch did not agree to an interview. His spokesman and the inaugural committee did not answer our questions about this. Then there's Ivanka. Her spokesman basically told us that vonk wanted a quote fair market rate for the event space in the hotel but he wouldn't give us any evidence of that. One thing is clear. The inaugural committee treated booking the trump hotel not as an option but as a necessity. We know this because the committee he tried to muscle out someone else who booked the ballroom months earlier. She was pretty much the last person you'd want to give the boot Reverend Mary. Turner and I I am the host of the presidential inaugural prayer breakfast in Washington DC. It's a smaller event than the National Prayer Breakfast that you may have heard about. You've been doing that. Since how long we began our husband each in nineteen ninety three to pray for the nation and the Office of the presidency in December. She started getting emails and phone. Calls from Rick Gates Tom Barracks Deputy at the committee wanted our face and Wanted the entire hotels blocked for the full week of inauguration after she politely declined Reverend Turner Heard From Hotel management the cancelled her booking invoking a common clause in contracts newness force measure or an act of God like a hurricane military invasion in this case. They predicted civil unrest. That was their excuse. Which of course it does legal grounds because they had not cancelled other nog girl events being being held there you know about the inaugural committee so if it was unsafe for our group? It would've also been unsafe for the Presidential Inaugural Committee orth Republican Party to hip offense there at the entire week. End Inauguration Day Reverend her did not back down and days later the hotel while on canceled. Her contract on inauguration morning hundreds of God fearing men and women ate Hala and drank communion wine in the trump hotel ballroom.
"trump" Discussed on Trump, Inc.
"Hello and welcome to season. Three of trump inc chameleon merits from WNYC. And I'm just in Elliott from PROPUBLICA TRUMP INC of course a co production of PROPUBLICA and. WNYC's an open investigation in real time into the business ties that underpin the trump presidency a year ago. We brought you a story that asked a simple question. The inaugural inaugural committee raised nearly one hundred seven million dollars. What did they do with all that cash? Or as George W Bush's inaugural chief Greg Jenkins put it so. They had a third third of the staff and a quarter of the events and they raise. What at least twice as much as we did so? There's the obvious question. Where do they go? I don't know no ideas. No ideas and since Jenkins the spark last year. ABC News is reporting. That Robert Morris probing right now. The donations made the trump's inaugural committee from one key inaugural official testified under oath that he might have dipped into the fund gates admitted to Manafort's lawyers in open court that he quote possibly wrongfully submitted personal expenses to the inaugural committee for Reimbursement. DC lobbyist pleaded guilty to silting an illegal contribution from Ukrainian businessman and member of parliament San Patent admitting to arranging an illegal foreign donations Asian. Donald Trump's inauguration then last December tonight. We're learning how a lot of that money went right into the pockets of the trump family business. Here's what we we Republican. WNYC Brooks News ourselves have uncovered evidence that a vodka trump played a role in how hotels were booked for the inauguration. impossibly next the inaugural committee came directly under investigation. Federal prosecutors in New York is a wide ranging subpoena for documents and records and how to relate nice to potential crime conspiracy against the US false statements mail fraud people from the Middle Eastern countries including Qatar Saudi Arabia and the U. A. e. a used Straw donors to disguise contributions. The trump administration has attracted people who've tried to profit from government connections. Think think Michael Cohen or Michael. Flynn now with a federal investigation of the inaugural committee. It looks as if that pattern may have been set. Even before trump took the oath that brings us to the man in charge of the celebrations in January. Twenty Seventeen Tom Barrack stylistically. He could not be more different from from the president. Trump's thing is bragging don't show and exaggeration barrick can be almost comically self-effacing. All of the really smart intelligent people are in the transition edition taking jobs. That trade finance nuclear disaster. I am the master party platinum. This is a man who fortune magazine on on its cover. Once called the world's greatest real estate investor he oversees a company called colony capital with forty four billion dollars of assets under management. He's in hotels offices and warehouses a word he uses a lot is opportunistic that you have to be opportunistic. Even if Barrick took took the job of inaugural chairman simply as a fever for a friend he still had something to gain. Barrack gets fanshawe financing and does a lot of deals Shen with Middle East countries. This propublica Peter Elkins the perception and reality of his. Having influence government policy is something that matters. There's deeply to all the Middle Eastern states sovereign wealth funds investors who are are really important part of a funding with our does. ooh We found a confidential memo that shows that colony capital this global finance and real estate firm had a well-developed plan to profit from its connections and trump's Washington. Right from the start one note on this story. People who worked inauguration were covered by a confidentiality reality clause. So if you're wondering why am. I not hearing the voices of the people who made this party happen that's one reason Justin's going to rejoin the story in in a little bit. Tom Barrack is seventy one years old. He serves plays Polo received the French Legion of honor for his skills. As a Vintner you look at the vine the divine itself was capable at every level of growing these kinds of berries look sometimes gives out these little laminated cards hearts to people. He meets with his twenty rules for success. Number nine always be nice to the invisible people number fifteen take care of others and the A universe. We'll take care of you even angry. Tom Barrack doesn't really sound mad. At one of the few people in the business world that is really supporting Very publicly Donald trump wi high as a user of the system. I'm also angry with the system. I'm not angry at President Obama. It's really really difficult unless you have. Somebody who's chipping away at all of these bureaucratic pieces his whole adult life. Life Tom Barrack has walked the corridors of power his first job straight out of law school for the personal lawyer to the president of the United States. The president at that time is Richard Nixon. The lawyer is named Herbert Kulmbach. He's the man who personally delivered bags. Full of cash to the Watergate break in team combat claimed he. It didn't know what was in the back. Barrick doesn't stay there long. An assignment takes him next to the gas fields of Saudi Arabia. Where he has a happy accident? I was terrible the Laura Gasification but I play racquetball so one day my boss comes into play by play records. Well there's guy watching racquetball with not sets me up with one of the sons of the king from this first connection with a Saudi Prince Barrick spins out a web of new personal and business relationships around the Middle East relationships that continue to this day. Is there anybody in corporate America who knows the Saudis as well as you do. I'm sure there's there's there's plenty of people that I I started as a young pup. While he's in the Middle East Tom Barrack also spends time in Beirut there he strikes up a friendship with another young American. WHO's also interested in business and politics politics? Paul Manafort next Barrick travels to Haiti to negotiate an oil refinery deal with that country's dictator. Baby Doc Duvalier in the eighties. It's onto Washington. Eric briefly holds a job in Ronald Reagan's Interior Department. Not long after that. He's called before Congress to answer some tough questions questions about a home loan. He forgave which some saw as questionable. Thank you senator. I I would like to make a brief statement that the loan benefited Reagan's incoming Attorney General. Oh Ed meese. An independent counsel investigates and finds no evidence. Barrack was doing a favor to get a job. In Washington. Barrick returns the private sector. He founds ounce colony capital a private equity firm and colony thrives buying up bad loans for cheap in the savings and loan crisis of their early nineteen nineties after the two thousand eight financial crash rush. He scoops up foreclosed homes by the hundreds. And he's not at all I can swoop in and grab something in profit on somebody's misery. You know that's capitalism This is Peter Elkin from propublica who's researched barracks career with colony capital. They're involved in financing of deals or restructuring of deals. They're really pretty ECLECTIC. Operation in reflect barracks personality in many ways when Michael Jackson sinking in debt colony capital buys his Neverland ranch and makes plans for a world world concert tour. Connie also helps any leave of its hang onto the rights to her photographs when her creditors come calling require of both distressed assets and distressed. There's people he's really good at buying low in developing relationships with people often times when they're in trouble and doing big favors for them. AALTO will help him down. The road on at least two occasions colony shows interest in partnering with Donald Trump. Both Times the result is the same. No deal bill. In the nineties colony. Talks trump about financing for Manhattan development called Riverside South. They pull out and the project is built with someone else's help in twenty twelve. Twelve colony lends its name to the trump organization bid to renovate the old post office in Washington. DC There are nine other bidders trump. beat the odds. Let's wins the contract and then go somewhere else for financing Deutsche Bank today. It's the trump international hotel on Pennsylvania Avenue. I think barracas America's willing to put his neck in this company on the line a little bit to help somebody out of the critical moment. Even if it doesn't necessarily make business sense in the short-term now now a close friend business associate of Donald Trump Tom Barrack the real estate billionaires known trump for more than thirty years he's when Donald Trump runs for president barrack becomes one of the few prominent business leaders to endorse him. He goes further and recommends his old friend from Beirut days to the campaign Paul Manafort Donald Trump's campaign campaign chairman barrick raises money for the calls. Today What you're calling the real deal? Super PAC has launched and in just a few hours. How much money has it raised just about? Thirty two million in contributions a thirty pack noon is rebuilding. America now actually falls about nine million dollars short of that target but with the millions barracas. They produce a blizzard of ads. Like this one. So who is all four women.
"trump" Discussed on Trump, Inc.
"In New York City. Today Tom Barrack the Inaugural Committee Chair visited trump tower to meet with the president-elect it's that limbo period after Donald Trump's surprise win in the presidential election and before his swearing in and trump tower with its gold elevators and security dogs pacing. The lobby is the momentary center of the universe. A man appears wearing a thick winter scarf. His head is bald his face looks kind. A reporter asked him a question just wondering a little tease of what we can expect the inauguration the balls maybe Milanez gown anything you can share I mean inaugurations GonNa be amazing and what we're doing is trying to oriented towards the greatest tribute to America. Our story today is all about this man. Tom Barrack he ran. Donald Trump's inauguration an event that two years later is coming under intense scrutiny. For the record sums of money raised and how it was spent barrick has been friends with trump for decades and the story of how they met is an old chestnut barrick shared at the Republican National Convention. I was young pop. He was a big guy in New York at the time and he wanted to by Nineteen eighty-eight Donald Trump is desperate to buy the Plaza Waza hotel across the street from Central Park. It's a landmark building. He can see from the top of trump tower and it happens to be for sale. And it happens that the seller you're is represented by Tom. Barrack trump and barrack get together and trump agreed to pay an eye popping sum of money for the building. There is no contract no contract you and I shake hands right here. No lawyers no contract. No nothing you just tell me things that I should know and how to fix it and I'll do this deal on the New York Times. Ran this quote from an executive familiar with the sale. Tom Played Donald like a stradivarius decades later. Barrick gave a a different spin to trump supporters in the convention hall. He played me like a steinway piano. The two men have remained friends. It was one of the most amazing things I'd ever seen. He practices an unbelievable set of disciplines. So everybody says okay now. Let's jump forward. Three decades gates to trump tower January twenty seventeen barrick has made a fortune in business. His friend is heading to the White House. He's playing native honor. So we're GONNA GONNA surrounded with his. The soft sensuality of the place. So we have all the back. But it's a much more poetic cadence. You'll make sure everything is he's just right last question. You talked about What he wanted? Tell us what he has told you. He wants what is some specifics that he wants to be a part of the inauguration. He really wanted it to be about the people not about so his instructions to me by the way which is the worst job in America right right. He gave the best job in America. All very bright guys each and you get the party. The worst job in America master of a one hundred million dollar party chest the world's most powerful people.
"trump" Discussed on Trump, Inc.
"Trump ink is supported by the showtime time documentary series the Circus John Heilmann Alex Wagner and Mark McKinnon. Give you an insight take on the wildest political show on earth. It's the real story of American politics in the age of trump as we race toward the twenty twenty presidential election. The circus goes where others can't bring you closer to the story minus the spin don't miss the Circus September twenty second second at eight pm with new episodes every Sunday only on showtime go to showtime Dot Com and enter the CODE TRUMP INC to receive a free one month trial of showtime new subscribers only only offer expires October thirteenth. I'm clemmie button. Hill and I'm here to tell you about the open as project the new podcast from WNYC studios in W CULEX saw in which people share stories about the classical music that gets them through their lives people like to send Mendez Musicians Gianbattista and Wynton Marsalis goyal friends and our very own Alec Baldwin. It's taught mix tape pot sonic love letter canonica daily musical journey into other human lives. Listen for free wherever you get your poke cost and sign up avenues project DOT org. We're back in a TV. The interview in the glow of victory per scale quoted his wife candace Blount. She said that I was thrown into the Super Bowl. Never played a game in one and Pascale took his super bowl ring and monetize it. He tried to really cash in on the success of the presidential campaign. He actually pitched his commercial work. As the per scale effect and the notion was Mr Commercial Businessman Company Higher Birth scale to do the magic for your company that he did for Donald Trump that was kind of a theme he starts working on a project for the Dallas Mavericks. He pitches a high dollar digital marketing campaign campaign for seaworld does paid speeches in Romania and Monaco. He spotted flying around the world walking down an airplane. I'll he's hard to miss but he's also continuing to do. Political work literally from the moment trump takes office after the whole issue with the fight and the ad commissions per scale reframe things for the twenty twenty election says he's only taking a three hundred thousand dollars regear salary from the campaign but he positions himself to be the beneficiary of much larger income streams for his campaign work while his collecting the salary from the campaign his company gets paid millions of dollars by the Republican National Committee to make and buy ads well. There's certainly nothing the wrong people in politics making money of course there are lots of high level operatives for both parties who have unapologetically cashed in. It's business as usual for the political political class. Pascale says he's doing this for the love of country and trump working for trump is clearly made brad millions and transformed his life. He now drives Ferrari A and B. M. W. He owns a gorgeous two point four million dollar waterfront home in Florida the money from the campaign and the RNC weren't the only way press gal was making money after the two thousand sixteen election. His company was also making money from a pro-trump dark money group called America first and and that's a group that's free from the normal restrictions on disclosing its donors on how much money can raise and how it spends money under the law. These groups are barred art from coordinating with a political campaign but per scale had actually co founded this group along with other trump campaign operatives and he was simultaneously only getting paid by both trump's reelection campaign and America. First Common Cause has filed complaints about this with both the Federal Election Commission and the Justice Department I meant the complaints are still pending after scales named campaign manager in February two thousand eighteen America first which has to publicly report. It's payments suddenly suddenly stopped paying Brad's company personnel strategy but then per scales crew didn't stop doing the work and he didn't stop making money from it. He incorporated rated a mysterious Delaware. LC that had no public connection to him. It's called Red State Data and digital it took over the work per scall- was doing for America the first Super Pac. It's payments as reported in Public Federal Election Commission filings were to a anonymous mail-drop at a Pennsylvania Avenue ups. PS Store and the secretive new company which had no other known clients is made more than nine hundred thousand dollars at first per scale all set his company's work for the RNC the Super Pac and the trump campaign were all legally vetted after PROPUBLICA and other news organizations began asking further questions for scale said he'd stopped doing advise for the RMC but all of that back and forth obscured something Peter you uncovered something else. It's not just that scale was getting streams of income from the campaign. Super PAC and the RNC. It's that the trump campaign has taken over the currency. NC An unprecedented ways under trump the currency has become practically a wholly owned subsidiary of the trump campaign. Now it's not unusual for president to direct their parties to play a critical role but as with so much else in this situation trimtabs way way further than any of his predecessors have one way this has happened. There's a metric down ballot candidates people running for governor or Congress look at called voter scores. It's information Russian on how voters in a particular district feel about trump which could affect campaign ads and messaging previously the RNC would allow these Republican Republican candidates to see this information not trump so candidates in Michigan or Ohio or Illinois who who were trying to figure out how best to run their campaigns how best to be victorious. Republican candidates are deprived of the information from the party on how L. voters in their district feel about trump. RNC officials say the data belongs to the trump campaign which is free to withhold it. If the president wants America I declined comment. It's kind of an enforced loyalty. They don't have the information that they need that might incline them to distance themselves therefore they're in this situation of of being afraid that if they don't hue very closely to the president and to his wishes that that they're going to jeopardize their own candidacies clearly president trump is not patient or tolerant of people that try try to run campaigns distance themselves from him and it's not just the fear factor the parties actually also depriving them of information that might be helpful in them winning reelection or winning office and in two thousand sixteen trump promise to drain the swamp to fund his own on campaign to reduce the influence of big donors. That's not what happened so here. We have what's projected to be America's first billion-dollar in dollar political campaign if so much money rocketing through the trump campaign and updates related accounts and the groups that are supporting trump and per scale is at the center of it all all he personifies a huge issue which is how big money has taken over American politics.
"trump" Discussed on Trump, Inc.
"The kinds of trademark. For vodka Trump. Trump's investments overseas things that would give you a nexus between Trump's business and foreign governments since Trump became president. I I would bet those are the kinds of stories they're going to focus on I just because they have the most relevant Trump's presidency now and maybe work backward from there in backward in time. So I think those are the things that they're going to look at. And I think injury, you're right. The ability we have to see into those things I did think really expanded overnight, and you're right that when asked for documents at least so far the Trump organization has not done with Donald Trump with Trump campaigned it and save screw you. We're not giving you anything, you know, those are people with all licenses to preserve those people with who don't want to go to jail. They have responded in pretty forthcoming way. So I think we may see more of that. And learn some of the answers to these questions, so Anita you did some reporting in the past months about specifically the Trump adult children, Eric, Don, jR, and their role on the campaign trail, which was the sort of quite interesting side story to me that I feel. Never got enough attention. Because obviously, these are the people that are sort of supposed to be walled off running the Trump organization yet they've been judging by their Twitter accounts spending every moment of October and early November campaigning for their father's causes. So can you talk a little bit about that? Sure. I'll bring you back to last year was it last year two years ago. Now when the Trump family said the children were not going to be they were going to be walled off from their father while he was in the White House. Remember that they were going to really have any interactions. We'll just remind people of that. But sure, I think it's really done junior. The oldest who has been the most active politically he has done. I mean, I've I went to one of his event in Indiana, recently, he's done more than sixty political events this year. He has such a great following his father and a lot of people wonder if he's going to actually run for office. So he's not taking his dad's message all over the place really using kind of the same lie. Lines. There was even a locker up chant about Hillary Clinton at the event, I went to so he's been doing a lot of stuff. I actually in the story. I just recently wrote a vodka Trump. It was doing very little and people were very upset that she was doing very little politically and the White House really really pushed back and said, well, she's at the White House, and she's not doing it because she's at the White House, although we know that lots of people at the White House do political things, but he's in touch with them. He's you know, talking to them. He's working with them of uncle win out on his last day of campaigning to all his rallies. There's a lot of that going on. I think Eric is probably doing the least amount..
"trump" Discussed on Trump, Inc.
"I mean, I think that last night. I was like, oh, look Trump may have to actually give us his tax returns. I'm so excited. And I got some pushback on Twitter saying, no, no it's gonna go to the supreme court never gonna see it. But just the idea that it might come out. I mean, this is Donald Trump who's father charted donating to the Brooklyn democratic county machine back in the nineteen thirties, which controlled all the DA's, and that was the family business model and the judges that the mechanisms of over. Site would always be influenced by the trumps. And here we are in a situation, which as you say Adam is new for the Trump organization, which is they don't control all the mechanisms of oversight. And therefore, we may find out some very interesting things. What of the reporting that we've done that all of us have done collectively might be of interest for investigators. You know might be hearing worthy. If you were right. And I don't know that's not a prediction of whether or not there would be hearings. But you know, what offs raises sufficient questions that you know, we think it would merit. You know, a government body looking at and frankly, it's just I looked at all of the stories that we've done, and it is such a long list. It's hard to remember all of this stuff. And I'm just I was trying to put it in my mind into buckets, you're dealing with Trump's business dealings his record. You know, the what Adam and. David had referred to what is Trump's business? Then you have the question of foreign government spending on Trump's business, currently, then the influencers accessors in the Trump orbit. So for example, Sheldon at Allston did Trump essentially do his bidding. And then you have this whole separate bucket of essentially corruption among in agencies, right and questions about cabinet officials. We've all talked about these Dame Schiff Wilbur Ross, you have Zinke and the list goes on. And I don't know David Andrew missing any large buckets here. I feel like actually a lot has changed overnight with regards to our perhaps finding out these things because we know just from the court cases that have worked their way through the system that when there is an outside mechanism saying to the Trump organization or the Trump administration you need to. Answer we find out things. And now, we have a whole other branch of government that can be asking those questions, and there may be a whole new flow of information about all of that, David. I don't know if you wanna add to that. I I think that the if I was the Democrats I would start with the things that affect his presidency things that have happened since he became president. I mean, there's lots of things to be done. We've talked about going back and looking at his tax returns. And whether he borrowed the approaches at Fred Trump used at the New York Times said, we're fraudulent the things that if I was a democrat. I would focus on the kinds of stories we've written about that. I would react to would be the stories about foreign influence in a moment's at Trump properties since he became president. We wrote a couple of weeks ago about all the money that Saudi customers have spent a Trump properties in some cases propping up hotels that are losing customers from other places Saudi customers come in and sort of boost them that happened at Trump's hotel in New York to focus on that first and.
"trump" Discussed on Trump, Inc.
"We don't have the capacity that only three of. The incoming committee chairs has ever run a committee at a time when there's a majority we haven't really had a Democratic Party running an ongoing investigative oversight committee in decades, and we have to do the slowly carefully. We've to build a good team weight might be March or later before we're ready to hold hearings and specifically saying Benghazi disaster, they abused their power. It was terrible Republicans use way, too, many subpoenas, etc. Then another operative said, you know, Democrats are so afraid of been Ghazi. You know, what Benghazi got them the presidency Benghazi as Kevin McCarthy proudly said it reached its goal it got Hillary Clinton's poll numbers down it gave them avenue to her emails, which almost certainly cost her the election and led to the Komi led to everything. So if you're a streetfighter, let's win at all costs person Benghazi might not look like a bad example. I think as an American citizen like that's not what we want is is each party. Just does whatever the ugliest most vicious. Thing is and then whether or not it's good politics is another question. So I wanna talk a little bit about the coverage of the Trump organization, whether the Trump organization behavior is going to change and whether Trump's behavior vis-a-vis his business going to change so David did you want to respond to Adam before we get into that? I was just saying if I was the Democrats I would rather have new people have New Democrats joining these investigations from the outside world. I think the people who are least qualified to lead any competent investigation or people who've been in congress along time, and to whom it does not seem absurd to use your investigative time. You're five minutes of questions making a long speech. Maybe the people who've just joined from the outside world from people to better understand what the outside might want to see from Trump work. So let's talk about the Trump organization, and Adam and David in particular, you guys have spent a lot of time looking at the Trump organization. You have spoken to people that Trump organization is there any sense at the Trump organization is going to behave differently with more oversight. What are your thoughts? On that. Let's start with David with you. I I don't believe they will they hope 'have differently. Their whole MO for since time immemorial has been to sort of build a wall of secrecy around their operations. We're only a small number of people know how it works know how the money flows over there. Investors are no anything. And I think that that circle is still pretty small, and I think they're going to try to to keep that circle close. What we've seen from them in the last few weeks actually here fest. Few months has been actually a little bit of change. And if they have gone from kind of just sort of battening down, the hatches and dot doing very much being kind of a holding company to starting to plan some big expansions in places like Ireland and Scotland if not just like Ireland and Scotland it is I mean, I I like to point out the Trump organization right now is a Scottish golf course company. That is what it is a company with some legacy assets that it uses to invest in highly risky Scottish golf course assets. Which doesn't make a lot of business sense on the on the face of it. But that is what they are. Doing. From the perspective of the White House on the way Trump behaves regarding his businesses. What do you see coming on that? Well, you remember this is one of the things that President Trump said was his red line, right? He didn't want anyone going after his businesses. And I think he was actually referring to the Muller investigation when he said that that would cross the line, but I'm assuming it's exactly the same for congress. He feels like that is nothing to do with what's going on in the White House or his presidency. And he's also very very protective as we know of his children, and it's children out running that organization the business. So I can not imagine that he would be any more forthcoming about that. At all. I think he'd be very defensive about it, very defiant. I I will say David, and I, you know, this is how we've lived our life for the last two years..
"trump" Discussed on Trump, Inc.
"And here we get to part two in our framework Trump breaking the rules. It's interesting how it worked. It's not really. It's not complicated anyway. It sort of out of monster on a movie for upkeep on his empire of dowdy, outer borough, permanent buildings. Fred Trump was regularly buying you a quick men and supplies. He would buy boilers fridges and stoves by paint supplies. Nothing too strange about that. He was driving his own bargains building by building, and then one day county shows all county building supply. Now, this is a head scratcher to figure out what this was. One of the reporters from the times went to the Bronx to talk to a guy who used to sell boilers to Fred Trump. His name is Leon Eastman, and he remembers a deal negotiated with Fred Trump in nineteen Ninety-three for sixty boilers a huge deal for him. He remembers the lunch. He remembers the restaurant. They went to. He remembers that he had to pay the tab, and he said, there was no all county at this lunch was Fred Trump and Fred Trump's people, and the first thing you ever heard about. County. It was when the checks started willing 'cause they were cutting the checks for you. Got this. The middleman company, all county building supply is paying the price Fred Trump negotiated, and here's the trick. All county would then Bill Fred Trump a higher price, a markup of twenty percent or fifty percent maybe more. Why? Well, it turns out all county was owned by Donald Trump and his siblings and a cousin. So the markup on those boilers went straight from Fred, Trump's pockets to the next generation and all county shareholders companies, siblings split.
"trump" Discussed on Trump, Inc.
"Would see is the decision the choice donald trump made to not divest from his sprawling business empire has resulted in a continual violation of the constitutions anti corruption clause in a he is choosing to continually violate the emoluments clause with you mentioned emoluments this is really interesting to me because this still fairly new to most of us vocabulary word emoluments mainly when we talk about it we're talking about like foreign governments spending money like at trump's dc hotel the old post office or something like that i am also aware that there are domestic emoluments which mainly i would think of as like a state government perhaps a conferring some benefit on the trump organization are you saying that like a commerce department employees or department of defense employees just staying at a trump hotel that also would qualify as an emolument and thus under the constitution be illegal i strongly believe that payments by federal agencies to the trump organization that then go into you know what is technically a revoke able trust but which is written so that trump may take the money out of it any time for any reason these definitely are profitable payments that are beyond the salary that trump is entitled to by congress and i should probably clarify the emoluments issue has actually never been decided by court before so i mean it really is a humongous question mark that we could start getting some answers to over the course of this administration yes and i think it's definitely important to mention that the reason that the mullion question has never been decided in court is because no prior president has opened themselves up to violating the emoluments clause i'm still trying to understand the potential motive that federal agency could have here right i could see why like a foreign country would want to curry favor with the president and therefore book you know their entire delegation to come and stay at trump's dc hotel and i can even see why a state governor may be with spend money at a trump property in order to get his attention and maybe hope to get you know money for roads and bridges or something like that down the line but what's in it for the commerce department or the department of defense why should they seek to curry favor with like the executive branch which they're already a part of i think that's approaching the issue of government spending a little bit sideways because while there might not be a quid pro quo where you go oh if i have a bunch of people from the state department spend money trump properties than i'm going to get this specific thing like a new bridge which is something they couldn't ask for you can go well i'm going to have a good relationship with this administration i'm going to find my own policies being more acceptable to the president being promoted by him i'm going to feel like i am more a part of the team and my agency is going to feel like it's more part of the team i think that the question more is is there any way to be involved in administration that is as deeply riddled with conflict of interests and not be a part of it surging bloom from property of the people and by the way property of the people is continuing to seek records for what maybe the most obvious government spending on trump properties us secret service expenses at maralago bedminster and trump tower.
"trump" Discussed on Trump, Inc.
"Hey it's ilia with trump inc podcast extra trumping is an open investigation from propublica and wnyc our goal is to explore the business conflicts of interest at the heart of the trump presidency no one would've thought when the constitution was written that pain your hotel bill was an emolument instead it would have been thought of as value for value exchange not a gift not a title and not an emolument on january eleventh 2017 president elect trump's attorney sherri dylan outlined a plan for trump to keep his business empire while serving as president xi addressed the skeptics who said it would be impossible to know whether the new president was serving the public interest or suggests that the constitution prohibits the businesses from even arm's length transactions that the presidentelect has absolutely nothing to do with and isn't even aware of these people are wrong today we're gonna go deep on hotels rooms valet parking restaurants in meals at properties owned by the trump organization which is still owned by donald trump and while dylan was specifically talking about the ways foreign governments might seek favors by spending money at trump properties we're gonna look at the ways us states and cities and agencies and therefore us tax payers are in fact right now putting money in trump's pockets before trump became president dylan said paying for a hotel room is a fair value exchange it's not a gift and therefore it's not an emolument the constitution does not require presidentelect trump to do anything here perhaps that is a question that will be decided by the courts in this ups owed we're going to hear from three people tracking the flow of taxpayer money to the trump organization often through hotel stays sometimes booked by individual government workers and the firm question we're going to look at how do government officials end up spending money at trump properties my name is alex merge eski researcher at propublica tell me about the first person you called who as a public servant who made a decision to spend public money at trump property yeah this is a guy named after snyder he works in colorado at the national institute of standards and technology that's in the commerce department in the spring of twenty seventeen snyder attended a conference in the washington dc area we don't know the name of the conference on the receipt that we have it says he went to a supervisor training and mission essential travel conference gino with them i don't know what that means okay on their seats that we got it says that he stayed for about half the time he was there at the old post office in dc also known as the trump international hotel dc paying two hundred forty two dollars a night as it happens i went there last year one weekend during brench time it was totally nice vibe there's a glass roof atrium there was live pno music so that's where snyder state and so i called him up i found his number his office number and i give them a collie picked up and i asked him you know we're doing this story about federal employees spending money at trump properties i have this racine front of me it's got your name on it i just wanted to ask you why chose to say at the trump hotel as opposed to other hotels got a little defensive off the bat and explained that he was staying at the trump because it was so close within a block and a half of this conference he was going to was so close that he didn't have to rent a car but on the on the receipts that we have it's sort of clearly says that he rented a car and charged three hundred thirty six dollars to the valet service at the trump hotel so i followed up with him by email actually on the.