March 23, 2024
He was lying to me: Trump biographer recounts how ex-president misled him about loans
He reportedly keeps lying and never learns his lessons. Donald Trump biographer Tim O'Brien, appearing on MSNBC's "The Last Word" with Lawrence O'Donnell, recounted a time when he was walking and talking at Mar-a-Lago with former President Donald Trump more than decade before he'd run for office. The two were talking about the past and regrets especially about declaring bankruptcy. ALSO READ: Here's why conservative elites are bailing on Trump now Trump had a few. "He said, 'You know, my father always said, 'You never personally guarantee any loans.' And I made a mistake. I personally guaranteed too much money in the early 1990s. I didn't think it would catch up with me. And it did. And I learned my lesson. I would never personally guarantee a loan after that.'" Only O'Brien later learned he was being sold a bunch of bad goods. "I later found out he was lying to me in that very moment," he said. "I didn't know it, but it turned out he had personally guaranteed some of the loans on the new building he was developing in Chicago." It was "a few years later" when O'Brien learned he had been supposedly been lied to. "So, he goes through these searing moments where he almost loses everything he can and has, and he says: 'I learned these lessons; I should've listened to my father.' Lo and behold, he is doing the same thing." Trump is facing a Monday deadline to come up with $464 million bond as a result of the damages Manhattan Supreme Court Justice Arthur Engoron determined he owed for a case that Attorney General Letitia James prosecuted blaming him and his company, The Trump Organization, for committing years of fraud by hyping up the value of his assets to secure sweet loans and deals. That decision is being appealed by the former president's attorneys. O'Brien said it's a long pattern. "Now here we are in 2024 and he is about to get exposed," he said. "It is going to be a slow grind. I don't think there's going to be a lot of drama on Monday." "But the process of opening the kimono and discovering indeed Donald Trump has no financial clothing, at least not the kind of financial clothing he claims he's had, begins." So even if Trump fails to remit the incredible amount that is being asked of him, O'Brien believes the damage has been done to break through the real estate tycoon's Teflon veneer. "It is a demonstration he doesn't learn his lessons," said O'Brien. "He does not anticipate problems properly." "He doesn't do it because he is a juvenile delinquent; he lacks the maturity, wisdom, and strategic insight of an adult." Watch below or click the link. Marjorie Taylor Greene and Matt Gaetz reportedly got some tough words from a judge who nonetheless allowed their lawsuit to move forward. Greene and Gaetz, who have aligned on various far-right projects in recent months, filed a lawsuit against California cities that canceled their events. That suit was not dismissed on Friday. But the "judge blasted the GOP lawmakers for 'pure conjecture' and 'conspiracy theory' against civic groups," according to Kyle Cheney, senior legal affairs reporter for POLITICO. ALSO READ: Here's why conservative elites are bailing on Trump now "A federal judge on Friday cleared the way for Reps. Matt Gaetz and Marjorie Taylor Greene to sue two California cities that canceled their political events in 2021," the outlet reported. It continued. "But the judge excoriated the two pro-Trump firebrands for attempting to blame the cancellation on a slew of liberal advocacy groups — from the NAACP to the League of Women Voters to LULAC, who the pair accused of conspiring with Anaheim and Riverside, Calif., to shut down their planned rallies." According to the report, the "lawsuit by the two GOP lawmakers is 'utterly devoid of any specifics plausibly alleging such an agreement,' wrote U.S. District Judge Hernan Vera in a 22-page opinion , calling it 'both legally and literally, a conspiracy theory that relies purely on conjecture.'" The report adds: "In fact, he said, Gaetz and Greene had attempted with their lawsuit what they accused the groups of doing to them: seeking to punish political rivals for speaking out against them." The report also flagged another notable detail: the two are being represented by an attorney who has been criminally charged alongside the former president in January. "Notably, their attorneys in the suit include John Eastman, an architect of Donald Trump’s bid to remain in power despite losing the 2020 election and who is facing a potential disbarment ruling as soon as next week." Read it here. CONTINUE READING Show less It's reportedly going to be tough for the court to find sympathy for Donald Trump . Former United States Attorney for the Southern District of New York Preet Bharara joined CNN's Anderson Cooper to discuss the cash quagmire that the former president has found himself in. The one constant for the former prosecutor is that Trump had ample time to prepare to handle this maelstrom. ALSO READ: Here's why conservative elites are bailing on Trump now "He knew that there was a likelihood or at least some possibility that the Attorney General to win and he understood the rule about prejudgment interests," he said. "So it was totally foreseeable months ago, not weeks ago, that he would have to put up a bond, potentially a half $1 billion. "He could have taken all sorts of steps to liquidate or to sell property, to have loans in place, to have a backup plan." But Bharara submits Trump didn't do any such thing, likely to hurt his standing. "And I think the court is not going to find him a sympathetic character in part because he had months and months and months to plan for them." Come Monday, Trump must be able to front the $464 million bond for the New York civil fraud case that he lost. Should the time elapse without Trump being able to fit the substantial sum, New York Attorney General Letitia James, who brought the suit, has free rein to seize any of Trump’s bank accounts or coveted properties; that includes Mar-a-Lago and Trump Tower. So far, Trump's lawyers stated in a court filing that been he's been turned down by 30 companies unwilling to underwrite the bond and cannot float the funds . Trump is liable for $454 million , most of the fraud judgment, but the amount he owes has been increasing by more than $111,000 a day because of added interest. Manhattan Supreme Court Justice Arthur Engoron, who set the amount of the disgorgement judgment, on Feb. 23 gave Trump 30 days to pay up. Watch below or click the link here. CONTINUE READING Show less Donald Trump's recent cash flex could backfire bigly. As the looming Monday deadline nears to pony up on a $464 million bond set in his civil fraud disgorgement trial loss, Trump went out on a bold limb to post a Truth Social all-caps screed declaring he was cash rich. "THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SUBSTANTIAL AMOUNT OF WHICH I INTENDED TO USE IN MY CAMPAIGN FOR PRESIDENT," former President Donald Trump writes in the post . ALSO READ: Here's why conservative elites are bailing on Trump now This revelation of hard currency in his hands right now had former federal prosecutor Ryan Goodman suggesting it could open up a window for New York Attorney Letitia James. "If it's all true that also means he is sitting on north are $400 million and that's exactly what the attorney general can go after these properties," he said while appearing on CNN's "Out Front." "It's easier to go after the liquid assets than it is to go after these properties; it also avoids some of the optics of going after the properties." The main takeaway: cash can be hers for the seizing. "That's available to her to do," he said. Trump must post the bond for the full amount by the deadline or face James, who brought the case, using her powers to seize any of his real estate properties or bank accounts. So far lawyers for the 45th president are appealing the judgment and also admitted in a court filing that he has been unable to secure a bond . Watch the video below or click the link right here. CONTINUE READING Show less
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