Tag Archives: Trump Organization

What about the lenders?

The news networks tonight are all over the story from New York in which the New York attorney general, Letitia James, has filed a comprehensive lawsuit against Donald J. Trump and three of his adult children.

Her allegation? That the Trumps falsified their business’s net worth in obtaining loans. They allegedly fudged the value of their assets, allowing them to get loans at a favorable rate.

Something has raced past me. How did the Trumps fool lenders into thinking their assets were greater than they were?

Financial institutions are regulated by the feds. If a borrower simply says he or she is worth X amount of money, do the lenders take them at their word? Of course not! They can check tax rolls to know the truth, right?

I am waiting for an explanation into how the Trumps (allegedly) fooled the banks.

johnkanelis_92@hotmail.com

Trump takes Fifth

So, what do we have here? A former president who used to vilify others for taking the Fifth because they are “guilty” of something now has — get ready for it — done that very thing.

Donald John Trump was summoned to speak to the New York attorney general’s office. He didn’t answer any questions. Instead, he fell back on his constitutional protection against self-incrimination.

Hey, it’s legal. He can do that. He broke no law.

New York AG Tish James is conducting an investigation into the Trump Organization’s business practices. The ex-POTUS has called her probe a witch hunt; he has accused her of being racist.

Trump also has denied doing anything illegal. He has said so repeatedly. Which begs the question:

If the former president is clean, why must he hide behind the Fifth Amendment of the U.S. Constitution?

johnkanelis_92@hotmail.com

One more time: Tax returns, Mr. President

Special counsel Robert Mueller has subpoenaed documents from the Trump Organization. He is looking for information relating to the president’s business dealings in Russia and whether there might be some link between those matters and the president’s reluctance to acknowledge Russian meddling in our electoral process.

Wow! Yes? Donald Trump has called that a “red line” that might produce some serious retaliation from the president against Mueller.

Hey now! I have a thought. Do you remember those Trump tax returns? The returns the president hasn’t revealed to the public, defying 40 years of political custom from presidential nominees of both parties? Trump has clung to a lame excuse about an “audit.” The Internal Revenue Service, which hasn’t yet commented on whether it is actually auditing Trump’s returns, has said an audit doesn’t preclude the returns’ release to the public.

Trump should have released them long ago. Mueller’s probe now seems to be closing in on those returns. Gosh, might he subpoena those returns as part of his own investigation?

Trump and his allies keep saying that “no one” is interested in those returns. I disagree. Strongly, in fact. I am not “no one.” Neither are the millions of Americans who didn’t vote for Trump. Yes, there are more of us than those who voted for the president in 2016.

The tax returns are back. On the front burner, where they belong.