Donald Trump Red Line Failing Despite Urgency To Keep Finances Opaque | Rachel Maddow | MSNBC

Donald Trump Red Line Failing Despite Urgency To Keep Finances Opaque | Rachel Maddow | MSNBC


POINT, FEEL FREE TO HIT PAUSE,
TAKE A QUICK SHOWER, LITTLE AUED TAKE A QUICK SHOWER, LITTLE AUED
. . THAT STORY AS AMAZEING AS IT IS, THAT STORY AS AMAZEING AS IT IS, THATS JUST THE START TODAY.
IN FEBRUARY OF 2016, SO RIGHT IN FEBRUARY OF 2016, SO RIGHT
AFTER THE IOWA CAUCUSES AT THE AFTER THE IOWA CAUCUSES AT THE
HEIGHT OF THE PRESIDENTIAL HEIGHT OF THE PRESIDENTIAL
PRIMARY FOR THE 2016 ELECTION, PRIMARY FOR THE 2016 ELECTION,
“FORBES” MAGAZINE PUBLISHED THIS “FORBES” MAGAZINE PUBLISHED THIS
OP-PED ESPOUSING WHAT AMOUNTED OP-PED ESPOUSING WHAT AMOUNTED
TO A PRETTY EXOTIC AND UNPOPULAR TO A PRETTY EXOTIC AND UNPOPULAR
VIEW AT THE TIME. VIEW AT THE TIME. THE OP-PED WAS WRITTEN BY A SORT THE OP-PED WAS WRITTEN BY A SORT OF LOW-PROFILE TAX LAWYER FROM A
SMALL FIRMARGUED IN THISR FROM A SMALL FIRMARGUED IN THIS
PIECE IN “FORBES” PRESIDENTIAL PIECE IN “FORBES” PRESIDENTIAL
CANDIDATE DONALD TRUMP SHOULD CANDIDATE DONALD TRUMP SHOULD
NOT RELEASE HIS TAX RETURNS, NOT RELEASE HIS TAX RETURNS,
NEVER MIND THE DECADES OF NEVER MIND THE DECADES OF
PRECEDENT FROM EVERY PRESIDENT PRECEDENT FROM EVERY PRESIDENT
AND PRESIDENTIAL CANDIDATE IN AND PRESIDENTIAL CANDIDATE IN THE POST-WATERGATE ERA, NEVER THE POST-WATERGATE ERA, NEVER MIND ALL THE OTHER CANDIDATES IN MIND ALL THE OTHER CANDIDATES IN 2016 RELEASING THEIR TAX 2016 RELEASING THEIR TAX RETURNS. RETURNS. NEVER MIND THAT TRADITION NEVER MIND THAT TRADITION BECOMING SO FIRMLY ENTRENCHED BECOMING SO FIRMLY ENTRENCHED OVER FOUR DECADES THAT IT WAS OVER FOUR DECADES THAT IT WAS PREVIOUSLY INCONCEIVABLE THAT PREVIOUSLY INCONCEIVABLE THAT ANY CANDIDATE WOULD GET ANYWHERE ANY CANDIDATE WOULD GET ANYWHERE NEAR THE ACTUAL NOMINATION, LET
ALONE THE WHITE HOUSE, WITHOUTT ALONE THE WHITE HOUSE, WITHOUT
RELEASING HIS OR HER TAXES. RELEASING HIS OR HER TAXES.
THIS RANDOM TAX LAWYER IN THIS RANDOM TAX LAWYER IN
SOUTHERN CALIFORNIA PUBLISHED SOUTHERN CALIFORNIA PUBLISHED
THIS PIECE IN “FORBES” SAYING THIS PIECE IN “FORBES” SAYING
NO, NO, NO, AS FAR AS IM NO, NO, NO, AS FAR AS IM
CONCERNED, DONALD TRUMP SHOULD CONCERNED, DONALD TRUMP SHOULD
NOT RELEASE HIS TAXES. NOT RELEASE HIS TAXES.
WHEN DONALD TRUMP WAS ELECTED WHEN DONALD TRUMP WAS ELECTED PRESIDENT OF THE UNITED STATES PRESIDENT OF THE UNITED STATES MONTHS LATER, HE DECIDED, WELL, MONTHS LATER, HE DECIDED, WELL, WHEN IT WAS TIME TO PICK A WHEN IT WAS TIME TO PICK A NOMINEE TO BECOME COMMISSIONER NOMINEE TO BECOME COMMISSIONER OF THE IRS, WASNT THERE A GUY OF THE IRS, WASNT THERE A GUY WHO WROTE AN OP-PED AROUND THE WHO WROTE AN OP-PED AROUND THE CAMPAIGN, LOOKED AROUND THIS CAMPAIGN, LOOKED AROUND THIS GREAT LAND OF OURS FULL OF 320
MILLION CAPABLE SOULS ANDF 320 MILLION CAPABLE SOULS AND
DECIDED THE BEST CAPABLE PERSON DECIDED THE BEST CAPABLE PERSON
IN THE ENTIRE COUNTRY TO RUN THE IN THE ENTIRE COUNTRY TO RUN THE
IRS DURING THE TRUMP IRS DURING THE TRUMP
ADMINISTRATION WOULD BE THAT ADMINISTRATION WOULD BE THAT RANDOM GUY WHO WROTE THAT PERIOD RANDOM GUY WHO WROTE THAT PERIOD OP-PED IN 2016 SAYING, OF
COURSE, DONALD TRUMP SHOULDNT COURSE, DONALD TRUMP SHOULDNT
RELEASE HIS TAXES. RELEASE HIS TAXES.
THATS WHO TRUMP NOMINATED TO THATS WHO TRUMP NOMINATED TO
RUN THE IRS. RUN THE IRS.
HE REMAINS THE IRS COMMISSIONER HE REMAINS THE IRS COMMISSIONER TODAY. TODAY. NOW, COMMISSIONER, OF COURSE, NOW, COMMISSIONER, OF COURSE, THATS THE NUMBER-ONE JOB IN THE
IRS.S THE NUMBER-ONE JOB IN THE IRS. THE NUMBER-TWO JOB IN THE IRS IS THE NUMBER-TWO JOB IN THE IRS IS THE CHIEF COUNSEL AT THAT THE CHIEF COUNSEL AT THAT AGENCY. AGENCY. THIS PAST MONTH “THE NEW YORK THIS PAST MONTH “THE NEW YORK TIMES” REPORTED THAT PRESIDENT TIMES” REPORTED THAT PRESIDENT TRUMP PERSONALLY INTERVENED WITH TRUMP PERSONALLY INTERVENED WITH MITCH McCONNELL TO ENSURE THAT MITCH McCONNELL TO ENSURE THAT HIS HANDPICKED NOMINEE TO BE IRS HIS HANDPICKED NOMINEE TO BE IRS CHIEF COUNSEL, HIS HANDSPICKED
NOMINEE TO BE THE NUMBER TWOED NOMINEE TO BE THE NUMBER TWO
PERSON IN THE IRS SHOULD GET HIS PERSON IN THE IRS SHOULD GET HIS NOMINATION PUSHED THROUGH THE
SENATE AND QUICKLY AND AS AHE SENATE AND QUICKLY AND AS A
MATTER OF PRIORITY. MATTER OF PRIORITY. THE “TIMES” REPORTED THE THE “TIMES” REPORTED THE PRESIDENT WAS SO PERSONALLY PRESIDENT WAS SO PERSONALLY FOCUSED ON GETTING THAT FOCUSED ON GETTING THAT PARTICULAR NOMINEE CONFIRMED PARTICULAR NOMINEE CONFIRMED THAT HE TOLD SENATOR MITCH THAT HE TOLD SENATOR MITCH McCONNELL, THE REPUBLICAN LEADER McCONNELL, THE REPUBLICAN LEADER IN THE SENATE, THAT IT WAS, IN THE SENATE, THAT IT WAS, QUOTE, A HIGHER PRIORITY THAN QUOTE, A HIGHER PRIORITY THAN VOTING ON THE NOMINATION OF VOTING ON THE NOMINATION OF WILLIAM BARR TO BE ATTORNEY WILLIAM BARR TO BE ATTORNEY GENERAL. GENERAL. MITCH McCONNELL NATURALLY
DUTIFULLY OBLIGED.TURALLY DUTIFULLY OBLIGED.
ALL REPUBLICANS IN THE U.S. ALL REPUBLICANS IN THE U.S. SENATE DUTIFULLY OBLIGED AND SO
THE PRESIDENTS HANDPICKED IRSSO THE PRESIDENTS HANDPICKED IRS
COMMISSIONER WHO HAD WRITTEN COMMISSIONER WHO HAD WRITTEN
THAT OP-PED DURING THE CAMPAIGN THAT OP-PED DURING THE CAMPAIGN SAYING TRUMP SHOULDNT RELEASE SAYING TRUMP SHOULDNT RELEASE HIS TAXES, HE AT THE IRS WAS
SOON JOINED BY A NEW NUMBER TWO SOON JOINED BY A NEW NUMBER TWO
OFFICIAL, BY A NEW CHIEF COUNSEL OFFICIAL, BY A NEW CHIEF COUNSEL WHO THE PRESIDENT HAD PERSONALLY
INTERVENED TO INSTALL IN THATLLY INTERVENED TO INSTALL IN THAT
ROLE, IT WILL NOT SURPRISE YOU ROLE, IT WILL NOT SURPRISE YOU THAT IT LATER EMERGED THAT THAT THAT IT LATER EMERGED THAT THAT HANDPICKED NOMINEE TO BE CHIEF HANDPICKED NOMINEE TO BE CHIEF COUNSEL AT THE IRS, WHICH THE COUNSEL AT THE IRS, WHICH THE PRESIDENT — THE PERSON THE PRESIDENT — THE PERSON THE PRESIDENT PERSONALLY INSISTED PRESIDENT PERSONALLY INSISTED INTO THAT AGENCY, HE HAD INTO THAT AGENCY, HE HAD PREVIOUSLY ADVISED THE TRUMP
ORGANIZATION ON TAX MATTERS AND ORGANIZATION ON TAX MATTERS AND
HE HAD BEEN PARTNERS AT A D.C. HE HAD BEEN PARTNERS AT A D.C.
LAW FIRM WITH TRUMPS CURRENT LAW FIRM WITH TRUMPS CURRENT
TAX ATTORNEYS. TAX ATTORNEYS. SO THAT WAS HOW WE SET THE SAME SO THAT WAS HOW WE SET THE SAME FOR THIS MOMENT TONIGHT WITH FOR THIS MOMENT TONIGHT WITH REPUBLICAN SENATORS AND MITCH REPUBLICAN SENATORS AND MITCH McCONNELL, IN PARTICULAR, McCONNELL, IN PARTICULAR, USHERING INTO THE TOP TWO JOBS USHERING INTO THE TOP TWO JOBS AT THE IRS THESE TWO GUYS WHO
WERE PLUCKED BASICALLY FROMHO WERE PLUCKED BASICALLY FROM
OBSCURITY AND INSTALLED AT THE OBSCURITY AND INSTALLED AT THE TOP OF THE TAX SYSTEM IN THE TOP OF THE TAX SYSTEM IN THE U.S. WHILE BOTH HAVING VERY U.S. WHILE BOTH HAVING VERY SPECIFIC TIES TO THE PRESIDENTS SPECIFIC TIES TO THE PRESIDENTS PARTICULAR TAX SITUATION. PARTICULAR TAX SITUATION. AND NOW BREAKING LATE TONIGHT IS AND NOW BREAKING LATE TONIGHT IS A BOMBSHELL STORY ON THE FRONT A BOMBSHELL STORY ON THE FRONT PAGE OF “THE NEW YORK TIMES” PAGE OF “THE NEW YORK TIMES” THAT MAKES AS CLEAR AS IT HAS THAT MAKES AS CLEAR AS IT HAS EVER BEEN WHY PRESIDENT TRUMP EVER BEEN WHY PRESIDENT TRUMP MAY HAVE BEEN WILLING TO MOVE
HEAVEN AND EARTH TO BLOCK EVERY HEAVEN AND EARTH TO BLOCK EVERY
CONCEIVABLE MEANS THERE MIGHT BE CONCEIVABLE MEANS THERE MIGHT BE FOR REGULAR HUMANS AND
INVESTIGATORS OF ALL STRIPES TO INVESTIGATORS OF ALL STRIPES TO
EVER SEE HIS TAXES. EVER SEE HIS TAXES.
HEADLINE, AGAIN, THIS IS JUST HEADLINE, AGAIN, THIS IS JUST POSTED TONIGHT AT “THE NEW YORK POSTED TONIGHT AT “THE NEW YORK TIMES.” TIMES.” “DECADE IN THE RED. “DECADE IN THE RED. TRUMP TAX FIGURES SHOW OVER $1
BILLION IN BUSINESS LOSSES.”$1 BILLION IN BUSINESS LOSSES.”
THIS IS FROM RUSS BUTNER AND THIS IS FROM RUSS BUTNER AND SUZANNE CRAIG, INVESTIGATIVE SUZANNE CRAIG, INVESTIGATIVE REPORTERS AT “THE NEW YORK REPORTERS AT “THE NEW YORK TIMES” WHO RECENTLY WON A TIMES” WHO RECENTLY WON A PULITZER PRIZE FOR THEIR PULITZER PRIZE FOR THEIR REPORTING ON THE PRESIDENTS REPORTING ON THE PRESIDENTS FINANCIAL HISTORY AND FINANCIAL HISTORY AND SPECIFICALLY ON HIS TAX HISTORY. SPECIFICALLY ON HIS TAX HISTORY. YOU MIGHT REMEMBER THEIR YOU MIGHT REMEMBER THEIR PREVIOUS REPORTING FROM A FEW PREVIOUS REPORTING FROM A FEW MONTHS AGO. MONTHS AGO. THATS HOW WE LEARNED THAT EVEN THATS HOW WE LEARNED THAT EVEN THOUGH TRUMP HAD LONG TOLD THIS
SELF-ING AMP HAD LONG TOLD THIS SELF-ING A
SELF-AGRODIZING TALE HOW HE WAS SELF-AGRODIZING TALE HOW HE WAS A SELF-MADE MAN, THE ONLY THING A SELF-MADE MAN, THE ONLY THING HE GOT FROM HIS FAMILY WAS A HE GOT FROM HIS FAMILY WAS A LITTLE $1 MILLION LOAN HE HAD TO LITTLE $1 MILLION LOAN HE HAD TO PAY BACK TO HIS DAD, LAST YEAR PAY BACK TO HIS DAD, LAST YEAR THIS INVESTIGATION IN THE THIS INVESTIGATION IN THE “TIMES,” IN FACT, FOUND THAT “TIMES,” IN FACT, FOUND THAT TRUMP HAD RECEIVED AT LEAST $413 TRUMP HAD RECEIVED AT LEAST $413 MILLION FROM HIS FATHER AND THAT MILLION FROM HIS FATHER AND THAT APPEARED TO BE MOST OF THE STORY APPEARED TO BE MOST OF THE STORY OF DONALD TRUMPS WEALTH AND HIS OF DONALD TRUMPS WEALTH AND HIS PURPORTED BUSINESS SUCCESS. PURPORTED BUSINESS SUCCESS. IT WAS ALL A MATTER OF GOOD
PLANNING.L A MATTER OF GOOD PLANNING. HE PLANNED HIS BIRTH PERFECTLY HE PLANNED HIS BIRTH PERFECTLY TO INHERIT NEARLY A HALF BILLION TO INHERIT NEARLY A HALF BILLION DOLLARS FROM HIS FATHER.
IT WAS EXCELLENT ACUMEN, RIGHT? IT WAS EXCELLENT ACUMEN, RIGHT?
THE “TIMES” ALSO REPORTED LAST THE “TIMES” ALSO REPORTED LAST
YEAR ON NUMEROUS SCHEMES THAT YEAR ON NUMEROUS SCHEMES THAT THE TRUMP FAMILY INCLUDING
PRESIDENT TRUMP, HIMSELF, APPEAR PRESIDENT TRUMP, HIMSELF, APPEAR
TO HAVE ENGAGED IN TO EVADE TO HAVE ENGAGED IN TO EVADE TAXES AND DEFRAUD THEIR TENANTS
IN THE REAL ESTATE EMPIRE THATS IN THE REAL ESTATE EMPIRE THAT
TRUMPS DAD BUILD IN THE OUTER TRUMPS DAD BUILD IN THE OUTER BOROUGHS OF NEW YORK CITY.
WELL, THAT WON THEM THE PULITZER WELL, THAT WON THEM THE PULITZER
PRIZE. PRIZE. TONIGHT, THE “TIMES” ADD TONS TONIGHT, THE “TIMES” ADD TONS MORE INFORMATION TO WHATS KNOWN MORE INFORMATION TO WHATS KNOWN ABOUT THE PRESIDENTS FINANCIAL ABOUT THE PRESIDENTS FINANCIAL HISTORY AND HIS TAX HISTORY.
“BY THE TIME HIS MASTER OF THE “BY THE TIME HIS MASTER OF THE
UNIVERSE MEMOIR, “TRUMP: THE ART UNIVERSE MEMOIR, “TRUMP: THE ART
OF THE DEAL” HIT BOOKSTORES IN OF THE DEAL” HIT BOOKSTORES IN 1987, DONALD JMT. TRUMP WAS IN 1987, DONALD JMT. TRUMP WAS IN DEEP FINANCIAL DISTRESS. DEEP FINANCIAL DISTRESS. MR. TRUMP WAS PROPELLED TO THE MR. TRUMP WAS PROPELLED TO THE PRESIDENCY IN PART BY A PRESIDENCY IN PART BY A SELF-SPUN NARRATIVE OF BUSINESS SELF-SPUN NARRATIVE OF BUSINESS SUCCESS AND OF SETBACKS SUCCESS AND OF SETBACKS TRIUMPHANTLY OVERCOME. TRIUMPHANTLY OVERCOME. HES ATTRIBUTED HIS FIRST RUN OF
REVERSALS AND BANKRUPTCIES TOOF REVERSALS AND BANKRUPTCIES TO
THE RECESSION THAT TOOK HOLD IN THE RECESSION THAT TOOK HOLD IN 1990. 1990. BUT TEN YEARS OF TAX INFORMATION BUT TEN YEARS OF TAX INFORMATION NEWLY OBTAINED BY “THE NEW YORK
TIMES” PAINTS A DIFFERENT ANDRK TIMES” PAINTS A DIFFERENT AND
FAR BLEAK EKER PICTURE OF FAR BLEAK EKER PICTURE OF DEAL-MAKING ABILITIES AND HIS DEAL-MAKING ABILITIES AND HIS FINANCIAL CONDITION.” FINANCIAL CONDITION.” REMEMBER, THIS IS THE SAME REMEMBER, THIS IS THE SAME REPORTING TEAM THAT LAST YEAR REPORTING TEAM THAT LAST YEAR PUT TOGETHER THAT DETAILED PUT TOGETHER THAT DETAILED FINANCIAL PICTURE OF THE FINANCIAL PICTURE OF THE BUSINESS EMPIRE AND ALL THE BUSINESS EMPIRE AND ALL THE FINANCIAL STRUCTURES AND TAX FINANCIAL STRUCTURES AND TAX STRUCTURES THAT WERE CREATED BY
TRUMPS DAD.THAT WERE CREATED BY TRUMPS DAD.
WELL, ON TWITTER TONIGHT, ONE OF WELL, ON TWITTER TONIGHT, ONE OF
THE REPORTERS ON THIS NEW “NEW THE REPORTERS ON THIS NEW “NEW YORK TIMES” PIECE SORT OF BOTTOM YORK TIMES” PIECE SORT OF BOTTOM LINES THE DAD AND LAD STORY.
THE TRUMP SR./TRUMP JR. DYNAMIC THE TRUMP SR./TRUMP JR. DYNAMIC
NOW THAT THEYVE GOT ACCESS TO NOW THAT THEYVE GOT ACCESS TO
ALL OF THIS NEW INFORMATION ALL OF THIS NEW INFORMATION
ABOUT TRUMP THE YOUNGER. ABOUT TRUMP THE YOUNGER.
SUZANNE CRAIG BOTTOM LINES THIS SUZANNE CRAIG BOTTOM LINES THIS
ON TWITTER TONIGHT AS THIS. ON TWITTER TONIGHT AS THIS. “FATHER AND SON, WE NOW HAVE TAX
INFORMATION ON FRED TRUMP ANDTAX INFORMATION ON FRED TRUMP AND DONALD TRUMP FOR A NUMBER OF DONALD TRUMP FOR A NUMBER OF YEARS. YEARS. THE UP SHOT, FRED ALWAYS MADE A
LOT OF MONEY.FRED ALWAYS MADE A LOT OF MONEY. DONALD ALWAYS LOST A LOT OF DONALD ALWAYS LOST A LOT OF MONEY.” MONEY.” IN TERMS OF THE NEW INFORMATION IN TERMS OF THE NEW INFORMATION THEY GOT AHOLD OF, RUSS BUTNER THEY GOT AHOLD OF, RUSS BUTNER AND SUZANNE CRAIG OBTAINED AND SUZANNE CRAIG OBTAINED BASICALLY TEN YEARS OF FEDERAL BASICALLY TEN YEARS OF FEDERAL TAX INFORMATION FROM TRUMP FROM TAX INFORMATION FROM TRUMP FROM 85 — 1985 TO 1994. 85 — 1985 TO 1994. NOW, THEY DONT HAVE HIS FULL
RETURNS.Y DONT HAVE HIS FULL RETURNS. THEY SAY THEYVE GOT PRINTOUTS THEY SAY THEYVE GOT PRINTOUTS FROM HIS IRS TAX TRANSCRIPTS AND
THEYVE GOT SPECIFIC DATA FROMAND THEYVE GOT SPECIFIC DATA FROM
HIS BASIC FEDERAL TAX FORM FROM HIS BASIC FEDERAL TAX FORM FROM
HIS 1040. HIS 1040.
BUT FROM THAT INFORMATION, WHAT BUT FROM THAT INFORMATION, WHAT THEYRE ABLE TO PIECE TOGETHER THEYRE ABLE TO PIECE TOGETHER IS JUST BRUTALLY NEGATIVE. IS JUST BRUTALLY NEGATIVE. “THE NUMBERS SHOW THAT IN 1985,
THE FIRST YEAR FOR WHICH THEY5, THE FIRST YEAR FOR WHICH THEY
OBTAIN NEW TAX INFORMATION FROM OBTAIN NEW TAX INFORMATION FROM
THE PRESIDENT, 1985, TRUMP THE PRESIDENT, 1985, TRUMP
REPORTED LOSSES OF $46.1 MILLION REPORTED LOSSES OF $46.1 MILLION FROM HIS CORE BUSINESSES.
HE THEN, QUOTE, CONTINUED TO HE THEN, QUOTE, CONTINUED TO
LOSE MONEY EVERY YEAR FOR THE LOSE MONEY EVERY YEAR FOR THE NEXT TEN YEARS TOTALING $1.17 NEXT TEN YEARS TOTALING $1.17 BILLION IN TLOSS S LOSSES FOR TH BILLION IN TLOSS S LOSSES FOR TH DECADE. DECADE. QUOTE, IN FACT, YEAR AFTER YEAR QUOTE, IN FACT, YEAR AFTER YEAR TRUMP APPEARS TO HAVE LOST MORE TRUMP APPEARS TO HAVE LOST MORE MONEY THAN ANY OTHER INDIVIDUAL
AMERICAN TAXPAYER.ER INDIVIDUAL AMERICAN TAXPAYER.
MAZEL TOV. MAZEL TOV.
TRUMPS CORE BUSINESS LOSSES IN TRUMPS CORE BUSINESS LOSSES IN 1990 AND 1991, MORE THAN A 1990 AND 1991, MORE THAN A QUARTER BILLION DOLLARS EACH OF QUARTER BILLION DOLLARS EACH OF THOSE YEARS.
THAT WAS MORE THAN DOUBLE THE THAT WAS MORE THAN DOUBLE THE
LOSSES OF THE TAXPAYERS IN THE LOSSES OF THE TAXPAYERS IN THE IRS INFORMATION FOR THOSE YEARS. IRS INFORMATION FOR THOSE YEARS. THEYVE GOT 1985 TO 1994. THEYVE GOT 1985 TO 1994. BUT THAT PERIOD IS FORMATIVE IN
TERMS OF HIS IMAGE L ROOP.VE IN TERMS OF HIS IMAGE L ROOP.
RIGHT? RIGHT? THAT PERIOD FROM THE MID 80s TO THAT PERIOD FROM THE MID 80s TO 90s IS WHEN TRUMP BUILT HIS
SUPPOSED BUSINESS SUCCESS STORY SUPPOSED BUSINESS SUCCESS STORY
WHICH BECAME THE WHOLE BASIS OF WHICH BECAME THE WHOLE BASIS OF
HIS BRAND, THAT BECAME THE WHOLE HIS BRAND, THAT BECAME THE WHOLE
BASIS OF HIS CAREER THEREAFTER. BASIS OF HIS CAREER THEREAFTER. WELL NOW WE KNOW WHAT WAS REALLY
HAPPENING OVER THAT PERIOD.EALLY HAPPENING OVER THAT PERIOD.
IN 1985, HE LOST $46 MILLION. IN 1985, HE LOST $46 MILLION. IN 1986, HE LOST $69 MILLION. IN 1986, HE LOST $69 MILLION. 1987, HE LOST $42 MILLION.
1988, HE ONLY LOST $30 MILLION. 1988, HE ONLY LOST $30 MILLION.
THAT WAS A GOOD YEAR. THAT WAS A GOOD YEAR. 1989, OH, BAD YEAR, LOST $182
MILLION., BAD YEAR, LOST $182 MILLION.
1990 AND 91 COMBINED, HE LOST 1990 AND 91 COMBINED, HE LOST
$518 MILLION OVER THOSE 2 YEARS. $518 MILLION OVER THOSE 2 YEARS.
OVER THE NEXT THREE YEARS, HE OVER THE NEXT THREE YEARS, HE LOST AN ADDITIONAL $287 MILLION. LOST AN ADDITIONAL $287 MILLION. SO WHERE DO YOU GET THAT MUCH SO WHERE DO YOU GET THAT MUCH MONEY TO LOSE? MONEY TO LOSE? I MEAN, HOWEVER HE WAS ABLE TO
WRING MONEY OUT OF HIS DADS TO WRING MONEY OUT OF HIS DADS
BUSINESS, WHICH HE ATE AND BUSINESS, WHICH HE ATE AND
KILLED, HOWEVER HE WAS ABLE TO KILLED, HOWEVER HE WAS ABLE TO CONVINCE BANKS AND OTHER LENDERS
TO GIVE HIM MONEY TO USE, OVERRS TO GIVE HIM MONEY TO USE, OVER
TEN YEARS, HE LOST $1.17 BILLION TEN YEARS, HE LOST $1.17 BILLION BILLION. BILLION. AND, YOU KNOW, MAYBE THIS AND, YOU KNOW, MAYBE THIS EXPLAINS SOME THINGS BECAUSE EXPLAINS SOME THINGS BECAUSE MAYBE THE PRESIDENT DOES NOT MAYBE THE PRESIDENT DOES NOT WANT ANYBODY TO KNOW THAT. WANT ANYBODY TO KNOW THAT. MAYBE THE PRESIDENT DOES NOT MAYBE THE PRESIDENT DOES NOT WANT PEOPLE TO KNOW THAT OVER WANT PEOPLE TO KNOW THAT OVER THIS TEN-YEAR PERIOD OF TAXES, THIS TEN-YEAR PERIOD OF TAXES, AT LEAST THAT “THE NEW YORK AT LEAST THAT “THE NEW YORK TIMES” HAS NOW REVIEWED, OVER TIMES” HAS NOW REVIEWED, OVER TEN YEARS, PRESIDENT TRUMP ONLY TEN YEARS, PRESIDENT TRUMP ONLY PAID ANY INCOME TAX AT ALL IN PAID ANY INCOME TAX AT ALL IN TWO OF THOSE TEN YEARS. TWO OF THOSE TEN YEARS. EIGHT OF THE TEN YEARS, HE PAID
NOTHING. THE TEN YEARS, HE PAID NOTHING. IN 1987, 1986, HE PAID A LITTLE IN 1987, 1986, HE PAID A LITTLE BIT BUT OTHER THAN THAT NOTHING. BIT BUT OTHER THAN THAT NOTHING. MAYBE THE PRESIDENT DOES NOT MAYBE THE PRESIDENT DOES NOT WANT PEOPLE TO KNOW ABOUT A WANT PEOPLE TO KNOW ABOUT A PARTICULARLY STRANGE ANOMALY PARTICULARLY STRANGE ANOMALY THAT APPEARS IN HIS TAX RETURNS THAT APPEARS IN HIS TAX RETURNS IN 1989. IN 1989. OUT OF THE BLUE THAT YEAR THE OUT OF THE BLUE THAT YEAR THE “TIMES” REPORTS TONIGHT THAT “TIMES” REPORTS TONIGHT THAT PRESIDENT TRUMP DECLARED TO THE PRESIDENT TRUMP DECLARED TO THE IR IR IRS THAT HE MADE $53 MILLION IN IRS THAT HE MADE $53 MILLION IN INCOME THAT ONE YEAR FROM
INTEREST.AT ONE YEAR FROM INTEREST. OVER $50 MILLION IN INTEREST OVER $50 MILLION IN INTEREST INCOME. INCOME. I MEAN, YOU KNOW, LIKE YOU HAVE I MEAN, YOU KNOW, LIKE YOU HAVE A CHECKING ACCOUNT OR SAVINGS
ACCOUNT THAT PAYS YOU A LITTLE ACCOUNT THAT PAYS YOU A LITTLE
INTEREST OR HAVE SOME OTHER INTEREST OR HAVE SOME OTHER
FINANCIAL INSTRUMENT THAT PAYS FINANCIAL INSTRUMENT THAT PAYS YOU SOME KIND OF INTEREST.
HOW BIG WOULD THOSE ACCOUNTS OR HOW BIG WOULD THOSE ACCOUNTS OR
HOLDINGS HAVE TO BE TO PAY YOU HOLDINGS HAVE TO BE TO PAY YOU $53 MILLION JUST IN INTEREST IN
ONE YEAR ALONE?T IN INTEREST IN ONE YEAR ALONE?
AS A STANDALONE THING, AND NO AS A STANDALONE THING, AND NO OTHER YEAR IN THIS ENTIRE DECADE
DOES HE REPORT ANYTHING REMOTELY DOES HE REPORT ANYTHING REMOTELY
CLOSE TO THAT MUCH INTEREST CLOSE TO THAT MUCH INTEREST INCOME. INCOME. WHERE DOES IT ALL COME FROM IN
THAT ONE YEAR?ALL COME FROM IN THAT ONE YEAR?
THESE FINANCIAL REPORTERS AT THE THESE FINANCIAL REPORTERS AT THE
“TIMES” TONIGHT TAKE THEIR BEST “TIMES” TONIGHT TAKE THEIR BEST
GUESS AND COME UP EMPTY. GUESS AND COME UP EMPTY.
“TAXPAYERS CAN RECEIVE INTEREST “TAXPAYERS CAN RECEIVE INTEREST
INCOME FROM A VARIETY OF SOURCES INCOME FROM A VARIETY OF SOURCES
INCLUDING BOND,S, BANK ACCOUNTS INCLUDING BOND,S, BANK ACCOUNTS
AND MORTGAGES. AND MORTGAGES. HIGH-YIELD BONDS, THOUGH LESS
COMMON TODAY, WERE POPULAR WITH COMMON TODAY, WERE POPULAR WITH
INSTITUTIONAL INVESTORS IN THE INSTITUTIONAL INVESTORS IN THE
1980s.” 1980s.”
TO MAKE $53 MILLION IN INTEREST, TO MAKE $53 MILLION IN INTEREST, FOR EXAMPLE, MR. TRUMP WOULD FOR EXAMPLE, MR. TRUMP WOULD HAVE HAD TO OWN NEARLY $400 HAVE HAD TO OWN NEARLY $400 MILLION IN BONDS THAT YEAR THAT MILLION IN BONDS THAT YEAR THAT WERE GENERATING 14% RETURN FOR WERE GENERATING 14% RETURN FOR HIM THAT YEAR. HIM THAT YEAR. HARD DATA ON MOST OF TRUMPS HARD DATA ON MOST OF TRUMPS BUSINESS LIFE IS HARD TO COME BUSINESS LIFE IS HARD TO COME BY, BUT PUBLIC FINDINGS FROM NEW BY, BUT PUBLIC FINDINGS FROM NEW JERSEY CASINO REGULATORS SHOW NO JERSEY CASINO REGULATORS SHOW NO EVIDENCE HE OWNED ANYTHING EVIDENCE HE OWNED ANYTHING CAPABLE OF GENERATING CLOSE TO $ CAPABLE OF GENERATING CLOSE TO $ $53 MILLION ANNUALLY IN INTEREST $53 MILLION ANNUALLY IN INTEREST INCOME.” INCOME.” NEVERTHELESS, THATS WHAT HE NEVERTHELESS, THATS WHAT HE TOLD THE IRS HE GOT THAT YEAR. TOLD THE IRS HE GOT THAT YEAR. THE PRESIDENTS FORMER PERSONAL THE PRESIDENTS FORMER PERSONAL ATTORNEY WHO ALSO WORKED AT THE ATTORNEY WHO ALSO WORKED AT THE TRUMP ORGANIZATION, MICHAEL TRUMP ORGANIZATION, MICHAEL COHEN, HE STARTED A FEDERAL
PRISON SENTENCE YESTERDAY ON A PRISON SENTENCE YESTERDAY ON A
NUMBER OF FELONY CHARGES NUMBER OF FELONY CHARGES
INCLUDING HIS OWN TAX EVASION INCLUDING HIS OWN TAX EVASION CHARGES. CHARGES. ONE OF THE THINGS COHEN TOLD ONE OF THE THINGS COHEN TOLD CONGRESS UNDER OATH BEFORE HE CONGRESS UNDER OATH BEFORE HE REPORTED TO PRISON WAS THAT HE
HAD EVIDENCE OF TRUMP ROUTINELY HAD EVIDENCE OF TRUMP ROUTINELY
INFLATING HIS ASSETS WHEN TRYING INFLATING HIS ASSETS WHEN TRYING TO GET LOANS FROM BANKS OR WHEN
TRYING TO GET FAVORABLE POLICIES TRYING TO GET FAVORABLE POLICIES
FROM INSURANCE COMPANIES. FROM INSURANCE COMPANIES.
THAT TESTIMONY FROM MICHAEL THAT TESTIMONY FROM MICHAEL COHEN LED LAW ENFORCEMENT COHEN LED LAW ENFORCEMENT OFFICIALS IN NEW YORK STATE TO OFFICIALS IN NEW YORK STATE TO ISSUE SUBPOENAS TO PRESIDENT ISSUE SUBPOENAS TO PRESIDENT TRUMPS BANKERS AND INSURANCE TRUMPS BANKERS AND INSURANCE AGENTS. AGENTS. THOSE SUBPOENAS AT THE STATE THOSE SUBPOENAS AT THE STATE LEVEL HAVEING LITIGATION. LEVEL HAVEING LITIGATION. THOSE SUBPOENAS HAVE GONE THOSE SUBPOENAS HAVE GONE FORWARD. FORWARD. HIS INSURANCE AGENTS AND HIS HIS INSURANCE AGENTS AND HIS BANKS ARE REPORTEDLY COOPERATING BANKS ARE REPORTEDLY COOPERATING WITH THOSE SUBPOENAS. WITH THOSE SUBPOENAS. THEY ARE CONVEYING INFORMATION THEY ARE CONVEYING INFORMATION TO NEW YORK STATE AUTHORITIES TO NEW YORK STATE AUTHORITIES INCLUDING NEW YORK STATE INCLUDING NEW YORK STATE FINANCIAL REGULATORS IN RESPONSE FINANCIAL REGULATORS IN RESPONSE TO THOSE REQUESTS.
TRUMPS BANKERS AND HIS TRUMPS BANKERS AND HIS
ACCOUNTING FIRM HAVE ALSO BEEN ACCOUNTING FIRM HAVE ALSO BEEN SUBPOENAED FOR TRUMP-RELATED SUBPOENAED FOR TRUMP-RELATED FINANCIAL INFORMATION. FINANCIAL INFORMATION. THOSE SUBPOENAS ARE FROM THOSE SUBPOENAS ARE FROM CONGRESSIONAL COMMITTEES TELLING CONGRESSIONAL COMMITTEES TELLING MAZARS ACCOUNTING FIRM AND MAZARS ACCOUNTING FIRM AND DEUTSCHE BANK AND CAPITAL ONE DEUTSCHE BANK AND CAPITAL ONE BANK TO HAND OVER DOCUMENTATION BANK TO HAND OVER DOCUMENTATION ABOUT THEIR FINANCIAL DEALINGS ABOUT THEIR FINANCIAL DEALINGS WITH TRUMP. WITH TRUMP. THE FINANCIAL EDITOR AT “THE NEW THE FINANCIAL EDITOR AT “THE NEW YORK TIMES” JUST REPORTED YORK TIMES” JUST REPORTED RECENTLY THAT THE MATERIAL THAT RECENTLY THAT THE MATERIAL THAT DEUTSCHE BANK PREPARED TO HAND DEUTSCHE BANK PREPARED TO HAND OVER IN RESPONSE TO THOSE OVER IN RESPONSE TO THOSE SUBPOENAS INCLUDED MULTIPLE SUBPOENAS INCLUDED MULTIPLE YEARS OF TRUMPS FEDERAL TAX
INFORMATION.MPS FEDERAL TAX INFORMATION. THE DEADLINES FOR THOSE
FINANCIAL FIRMS AND BANKS TO FINANCIAL FIRMS AND BANKS TO
HAND OVER THAT KIND OF HAND OVER THAT KIND OF
INFORMATION TO CONGRESS, THEY INFORMATION TO CONGRESS, THEY HAVE BEEN PUSHED BACK HAVE BEEN PUSHED BACK TEMPORARILY BECAUSE THE TEMPORARILY BECAUSE THE PRESIDENT AND HIS ADULT KIDS,
HES A GREAT FATHER, HAVE SUED HES A GREAT FATHER, HAVE SUED
TO STOP THOSE CONVERSATIONS FROM TO STOP THOSE CONVERSATIONS FROM
HANDING OVER THOSE DOCUMENTS AND HANDING OVER THOSE DOCUMENTS AND COMPLYING WITH THOSE SUBPOENAS.
BUT FOR ALL THE FIGHTS ABOUTAS. BUT FOR ALL THE FIGHTS ABOUT
EXECUTIVE PRIVILEGE AND THE EXECUTIVE PRIVILEGE AND THE REGULAR TENSION BETWEEN THE
EXECUTIVE AND LEGISLATIVEHE EXECUTIVE AND LEGISLATIVE
BRANCHES AND ALL THE OTHER WAYS BRANCHES AND ALL THE OTHER WAYS
THIS STUFF TRADITIONALLY GETS THIS STUFF TRADITIONALLY GETS
FOUGHT OUT, NO SERIOUS LEGAL FOUGHT OUT, NO SERIOUS LEGAL OBSERVERS SEEM TO THINK THOSE
LAWSUITS FILED BY TRUMP AND HIS LAWSUITS FILED BY TRUMP AND HIS
KIDS TRYING TO BLOCK THE BANKS KIDS TRYING TO BLOCK THE BANKS AND ACCOUNTING OFFICIALS FROM AND ACCOUNTING OFFICIALS FROM HANDING OVER THOSE MATERIALS,
NOBODY SEEMS TO THINK THOSES, NOBODY SEEMS TO THINK THOSE
LAWSUITS HAVE A PRAYER IN THE LAWSUITS HAVE A PRAYER IN THE LONG RUN. LONG RUN. I MEAN, YOU CANT STOP A THIRD
PARTY, YOU CANT STOP A PRIVATE PARTY, YOU CANT STOP A PRIVATE
ENTITY FROM COMPLYING WITH A ENTITY FROM COMPLYING WITH A LAWFULLY ISSUED SUBPOENA BECAUSE LAWFULLY ISSUED SUBPOENA BECAUSE YOU DONT WANT THEM TO HAND YOUR YOU DONT WANT THEM TO HAND YOUR STUFF OVER. STUFF OVER. THE PRESIDENTS DESPERATION TO THE PRESIDENTS DESPERATION TO TRY TO STOP ANY OF THIS TRY TO STOP ANY OF THIS FINANCIAL STUFF, ANY OF THIS TAX FINANCIAL STUFF, ANY OF THIS TAX STUFF IN PARTICULAR FROM BEING STUFF IN PARTICULAR FROM BEING HANDED OVER, ITS SO COMPLETE, HANDED OVER, ITS SO COMPLETE, ITS SO EXHAUSTIVE, THAT EVEN ITS SO EXHAUSTIVE, THAT EVEN THOSE DESTINED TO BE FUTILE THOSE DESTINED TO BE FUTILE LAWSUITS, THOSE DOOMED LAWSUITS
TRYING TO BLOCK THEMED LAWSUITS TRYING TO BLOCK THE
CONGRESSIONAL SUBPOENAS TO THOSE CONGRESSIONAL SUBPOENAS TO THOSE BANKS AND ACCOUNTING FIRM, THOSE BANKS AND ACCOUNTING FIRM, THOSE ARE APPARENTLY WORTH THE EXPENSE ARE APPARENTLY WORTH THE EXPENSE TO THE PRESIDENT JUST BECAUSE TO THE PRESIDENT JUST BECAUSE THEY BOUGHT HIM A LITTLE MORE THEY BOUGHT HIM A LITTLE MORE DELAY, A LITTLE MORE TIME EVEN DELAY, A LITTLE MORE TIME EVEN THOUGH ULTIMATELY THEY WILL FAIL THOUGH ULTIMATELY THEY WILL FAIL FAILFAIL FAILFAIL FAIL. FAIL. THERE IS THIS DAM HES TRYING TO
BUILD HERE AND SHORE UP HERE TO BUILD HERE AND SHORE UP HERE TO
HOLD BACK ACCESS TO HIS TAX HOLD BACK ACCESS TO HIS TAX
INFORMATION AND HIS FINANCIAL INFORMATION AND HIS FINANCIAL INFORMATION, AND IT IS STARTING INFORMATION, AND IT IS STARTING TO SPRING LEAKS ALL OVER THE TO SPRING LEAKS ALL OVER THE PLACE. PLACE. I MEAN, OTHERWISE WE WOULDNT I MEAN, OTHERWISE WE WOULDNT HAVE THIS HEADLINE STORY TONIGHT HAVE THIS HEADLINE STORY TONIGHT IN “THE NEW YORK TIMES.” IN “THE NEW YORK TIMES.” AND IT IS HARD TO KNOW WHATS AND IT IS HARD TO KNOW WHATS GOING TO HAPPEN WHEN THAT DAM GOING TO HAPPEN WHEN THAT DAM FINALLY BREAKS, GIVEN THE FINALLY BREAKS, GIVEN THE PRESIDENTS PALPABLE DESPERATION
ON THIS ISSUE.PABLE DESPERATION ON THIS ISSUE. I MEAN, RIGHT?
HES DECLARED HIS RED LINE. HES DECLARED HIS RED LINE.
THIS IS HIS RED LINE GETTING THIS IS HIS RED LINE GETTING CROSSED. CROSSED. HE HAS INSTALLED TRUMP-CONNECTED
FIGURES AT THE TOP OF THE IRS.ED FIGURES AT THE TOP OF THE IRS.
HES GOT THE TREASURY SECRETARY HES GOT THE TREASURY SECRETARY BLUNTLY DEFYING THE LAW ON HIS
BEHALF. DEFYING THE LAW ON HIS BEHALF.
WE ASSUME STEVEN MNUCHIN IS WE ASSUME STEVEN MNUCHIN IS DOING THAT IN PART ON ADVICE
FROM THOSE TRUMP-INSTALLEDCE FROM THOSE TRUMP-INSTALLED
FIGURES AT THE TOP OF THE IRS. FIGURES AT THE TOP OF THE IRS. WE INQUIRED ARE THE TREASURY
DEPARTMENT TONIGHT AS TO WHETHER DEPARTMENT TONIGHT AS TO WHETHER
OR NOT THE CHIEF COUNSEL AT THE OR NOT THE CHIEF COUNSEL AT THE
IRS WAS RECUSED FROM WEIGHING IN IRS WAS RECUSED FROM WEIGHING IN ON THIS CONTROVERSY OVER THE
PRESIDENTS TAX RETURNSER THE PRESIDENTS TAX RETURNS
POTENTIALLY BEING HANDED OVER TO POTENTIALLY BEING HANDED OVER TO
CONGRESS. CONGRESS. WE ASKED IF THE CHIEF COUNSEL OF WE ASKED IF THE CHIEF COUNSEL OF THE IRS, THAT NUMBER-TWO THE IRS, THAT NUMBER-TWO OFFICIAL IN THE IRS, WE ASKED IF OFFICIAL IN THE IRS, WE ASKED IF HE HAS BEEN RECUSED FROM THE
DECISION YN RECUSED FROM THE DECISION YN
DECISIONMAKE BING PROCESS DECISIONMAKE BING PROCESS
BECAUSE OF HIS PRIOR WORK BECAUSE OF HIS PRIOR WORK
ADVISING THE TRUMP ORGANIZATION ADVISING THE TRUMP ORGANIZATION
ON TAX MATTERS. ON TAX MATTERS. WE THUS FAR HAVE NOT HEARD BACK
FROM THE TREASURY DEPARTMENT.CK FROM THE TREASURY DEPARTMENT.
WE WILL LET YOU KNOW IF WE DO. WE WILL LET YOU KNOW IF WE DO.
BUT THE FACT THAT THEY TRIED TO BUT THE FACT THAT THEY TRIED TO INSTALL THOSE GUYS AT THE IRS IN
THE FIRST PLACE TELLS YOU IRS IN THE FIRST PLACE TELLS YOU
SOMETHING ABOUT THE SOMETHING ABOUT THE PRIORITIZATION OF THESE MATTERS PRIORITIZATION OF THESE MATTERS FOR THIS PRESIDENT. FOR THIS PRESIDENT. HES DOING EVERYTHING HE CAN, HES DOING EVERYTHING HE CAN, BUT ALL OF THESE PATHWAYS ARE
EITHER OPENING UP ALREADY ORE EITHER OPENING UP ALREADY OR
THEY ARE GOING TO OPEN UP. THEY ARE GOING TO OPEN UP. WHETHER ITS THE BLACK-LETTER WHETHER ITS THE BLACK-LETTER LAW THAT SAYS, STORY, STEVEN
MNUCHIN, THE IRS HAS TO TURN MNUCHIN, THE IRS HAS TO TURN
OVER TRUMPS TAX RETURNS TO THE OVER TRUMPS TAX RETURNS TO THE HOUSE WAYS AND MEANS COMMITTEE.
YEAH, THEYRE TRYING TO SAY NOE. YEAH, THEYRE TRYING TO SAY NO
TO THAT, BUT THATS A FIGHT TO THAT, BUT THATS A FIGHT THEYRE NOT LIKELY TO WIN. THEYRE NOT LIKELY TO WIN. YEAH, THERES THESE SUBPOENAS TO YEAH, THERES THESE SUBPOENAS TO DEUTSCHE BANK AND MAZARS THEYRE DEUTSCHE BANK AND MAZARS THEYRE TRYING TO BLOCK WITH A LAWSUIT TRYING TO BLOCK WITH A LAWSUIT AND, AGAIN, THAT LAWSUIT HAS WON AND, AGAIN, THAT LAWSUIT HAS WON THEM A DELAY.
ULTIMATELY, THAT IS NOT A FIGHT ULTIMATELY, THAT IS NOT A FIGHT
THEYRE LIKELY TO WIN. THEYRE LIKELY TO WIN. AND, AGAIN, “THE NEW YORK TIMES” AND, AGAIN, “THE NEW YORK TIMES” IS REPORTING THAT IT IS A TON OF
TRUMP TAX INFORMATION THAT IS OF TRUMP TAX INFORMATION THAT IS
INCLUDED IN THE MATERIAL THAT INCLUDED IN THE MATERIAL THAT
DEUTSCHE BANK ASSEMBLED AND HAD DEUTSCHE BANK ASSEMBLED AND HAD
READY TO HAND OVER AND THAT THEY READY TO HAND OVER AND THAT THEY PRESUMABLY WILL HAND OVER WHEN PRESUMABLY WILL HAND OVER WHEN ULTIMATELY THEYRE INEVITABLY ULTIMATELY THEYRE INEVITABLY COMPELLED TO COMPLY WITH THAT COMPELLED TO COMPLY WITH THAT SUBPOENA. SUBPOENA. ITS ALSO, YOU KNOW, ITS ITS ALSO, YOU KNOW, ITS INVESTIGATIVE REPORTING.
RIGHT?IGATIVE REPORTING. RIGHT? THIS PULITZER-PRIZE-WINNING TEAM
HAD PREVIOUSLY LAID BARE THETEAM HAD PREVIOUSLY LAID BARE THE
TRUMP FAMILY FINANCES AND WHAT TRUMP FAMILY FINANCES AND WHAT THEY PEERED TO BE THEIR HISTORY THEY PEERED TO BE THEIR HISTORY OF RANK TAX EVASION AND FRAUD.
LAYING BARE THE PRESIDENTS MYTH LAYING BARE THE PRESIDENTS MYTH
OF HAVING BUILT HIS OWN BUSINESS OF HAVING BUILT HIS OWN BUSINESS
EMPIRE RATHER THAN HAVING TAKEN EMPIRE RATHER THAN HAVING TAKEN AND INHERITED THEN SQUANDERED
HIS DADS.ITED THEN SQUANDERED HIS DADS.
ALL OF THESE PATHS WILL OPEN. ALL OF THESE PATHS WILL OPEN.
THEYLL OPEN IN — THEYLL OPEN THEYLL OPEN IN — THEYLL OPEN IN CONGRESS, THEYLL OPEN BY
VIRTUE OF THE LAW.L OPEN BY VIRTUE OF THE LAW. THEYLL OPEN THROUGH OPEN-SOURCE THEYLL OPEN THROUGH OPEN-SOURCE REPORTING. REPORTING. TOMORROW, ANOTHER PATH IS GOING TOMORROW, ANOTHER PATH IS GOING TO OPEN, TOO. TO OPEN, TOO. TOMORROW IN THE NEW YORK STATE TOMORROW IN THE NEW YORK STATE LEGISLATURE, OF ALL PLACE, THAT LEGISLATURE, OF ALL PLACE, THAT BODY IS EXPECTED TO PASS NEW BODY IS EXPECTED TO PASS NEW LEGISLATION THAT WILL ALLOW LEGISLATION THAT WILL ALLOW PRESIDENT TRUMPS STATE TAXES TO PRESIDENT TRUMPS STATE TAXES TO BE CONVEYED TO THE WAYS AND BE CONVEYED TO THE WAYS AND MEANS COMMITTEE IN CONGRESS. MEANS COMMITTEE IN CONGRESS. UPON RESEPTEMBER OFCEIPT OF REQU
THAT COMMITTEE.R OFCEIPT OF REQU THAT COMMITTEE.
STATE AND FEDERAL TAX RETURNS STATE AND FEDERAL TAX RETURNS DONT SHOW EXACTLY THE SAME DONT SHOW EXACTLY THE SAME INFORMATION BUT WITH THE INFORMATION BUT WITH THE PRESIDENT BOTH DOMICILED AND PRESIDENT BOTH DOMICILED AND HAVING HIS BUSINESS ENTITIES HAVING HIS BUSINESS ENTITIES HEADQUARTERED IN NEW YORK, THE HEADQUARTERED IN NEW YORK, THE PROSPECT OF NEW YORK TAX PROSPECT OF NEW YORK TAX AUTHORITIES, RIGHT, SENDING AUTHORITIES, RIGHT, SENDING TRUCK FULLS OF TRUMP TAX TRUCK FULLS OF TRUMP TAX INFORMATION UP TO CAPITOL HILL INFORMATION UP TO CAPITOL HILL UPON THE PASSAGE OF THIS UPON THE PASSAGE OF THIS LEGISLATION TOMORROW, I MEAN, LEGISLATION TOMORROW, I MEAN, THAT JUST — IT MEANS THAT THIS THAT JUST — IT MEANS THAT THIS STORY IS COMING OUT. STORY IS COMING OUT. THE TRUMP TAX INFORMATION AND
FINANCIAL INFORMATION IS COMING FINANCIAL INFORMATION IS COMING
OUT. OUT. AND PART OF THE REASON THIS IS
FASCINATING IS JUST IN THES IS FASCINATING IS JUST IN THE
SUBSTANCE OF IT. SUBSTANCE OF IT.
I MEAN, AT THE TIME OF HIS LIFE I MEAN, AT THE TIME OF HIS LIFE
WHEN THE PRESIDENT WAS MARKETING WHEN THE PRESIDENT WAS MARKETING
HIMSELF AS BEING THE MOST HIMSELF AS BEING THE MOST SUCCESSFUL BUSINESSMAN OF HIS SUCCESSFUL BUSINESSMAN OF HIS AGE, WE NOW KNOW HIS BUSINESS AGE, WE NOW KNOW HIS BUSINESS RECORD AT THAT TIME WAS THAT HE
WAS ON AVERAGE LOSING $100AT HE WAS ON AVERAGE LOSING $100
MILLION A YEAR. MILLION A YEAR.
HONESTLY, IF I HAD $100 MILLION HONESTLY, IF I HAD $100 MILLION
IN CASH AND A WAREHOUSE FULL OF IN CASH AND A WAREHOUSE FULL OF MATCHES, I COULD NOT FIGURE OUT
HOW TO BURN $100 MILLION OVERUT HOW TO BURN $100 MILLION OVER
THE COURSE OF A YEAR, LET ALONE THE COURSE OF A YEAR, LET ALONE
HOW TO DO IT EVERY YEAR FOR TEN HOW TO DO IT EVERY YEAR FOR TEN STRAIGHT YEARS. STRAIGHT YEARS. BUT THAT IS THE BUSINESS ACUMEN
THAT HE HAD WHICH HE HAS ACUMEN THAT HE HAD WHICH HE HAS
NEVERTHELESS MARKETED TO NEVERTHELESS MARKETED TO AMERICANS AS A GREAT SUCCESS AMERICANS AS A GREAT SUCCESS STORY UP TO AND INCLUDING THE STORY UP TO AND INCLUDING THE BRAND THAT HE RAN FOR PRESIDENT. BRAND THAT HE RAN FOR PRESIDENT. SO ON ITS SUBSTANCE, ITS SO ON ITS SUBSTANCE, ITS INTERESTING TO SEE THIS INTERESTING TO SEE THIS INFORMATION, BUT ITS ALSO INFORMATION, BUT ITS ALSO INTERESTING IN FORM BECAUSE OF INTERESTING IN FORM BECAUSE OF THE PRESIDENTS PALPABLE AND
SUSTAINED AND ENERGETIC AND SUSTAINED AND ENERGETIC
DESPERATE MANEUVERING TO TRY TO DESPERATE MANEUVERING TO TRY TO
STOP THIS STUFF FROM GETTING STOP THIS STUFF FROM GETTING OUT. OUT. I MEAN, YEAH, ON THE ONE HAND,
IT MAKES YOU WONDER WHATS HE SO IT MAKES YOU WONDER WHATS HE SO
AFRAID OF? AFRAID OF? WERE GETTING MORE OF A WINDOW
INTO THAT TONIGHT, RIGHT, WITH INTO THAT TONIGHT, RIGHT, WITH
THIS REPORTING FROM THE “TIMES.” THIS REPORTING FROM THE “TIMES.” ON THE OTHER HAND, THOUGH, IT
MAYBES YOU SMAIKS YOU WONDER WHA MAYBES YOU SMAIKS YOU WONDER WHA
MIGHT BE CAPABLE OF WHEN THIS MIGHT BE CAPABLE OF WHEN THIS STUFF COMES FLOODING OUT.
THIS IS CLEARLY WHAT HE CARES THIS IS CLEARLY WHAT HE CARES
MOST ABOUT. MOST ABOUT.
HE CARES MOST ABOUT STOPPING HE CARES MOST ABOUT STOPPING THIS. THIS. THIS IS HAPPENING, ANYWAY. THIS IS HAPPENING, ANYWAY. HOW WILL HE RESPOND TO THAT? HOW WILL HE RESPOND TO THAT? AND, OF COURSE, THIS DOESNT AND, OF COURSE, THIS DOESNT HAPPEN IN A VACUUM. HAPPEN IN A VACUUM. THERE OBVIOUSLY IS SOMETHING THERE OBVIOUSLY IS SOMETHING SPECIAL ABOUT THE PRESIDENTS SPECIAL ABOUT THE PRESIDENTS TAXES AND HIS FINANCIAL TAXES AND HIS FINANCIAL STATEMENTS THAT CAUSE HIM TO STATEMENTS THAT CAUSE HIM TO BEHAVE IN A SPECIFIC WAY AROUND BEHAVE IN A SPECIFIC WAY AROUND THIS MATERIAL THAT ISNT REALLY THIS MATERIAL THAT ISNT REALLY TRUE TO THIS DEGREE FOR ANYTHING TRUE TO THIS DEGREE FOR ANYTHING ELSE. ELSE. BUT AT THE SAME TIME, HE IS BUT AT THE SAME TIME, HE IS FIGHTING THIS LOSING BATTLE TO FIGHTING THIS LOSING BATTLE TO KEEP HIS TAXES AND FINANCES
SECRET.S TAXES AND FINANCES SECRET. FIGHTING FIGHTING FIGHTING ON ALL OF THESE FRONTS FIGHTING ON ALL OF THESE FRONTS TO BLOCK HIS TAXES AND FINANCES TO BLOCK HIS TAXES AND FINANCES FROM BEING EXPOSED. FROM BEING EXPOSED. TODAY WEVE ALSO GOT HIS TODAY WEVE ALSO GOT HIS ADMINISTRATION CROSSES ALL KINDS ADMINISTRATION CROSSES ALL KINDS OF NEW RUBICONS TO BLOCK OF NEW RUBICONS TO BLOCK EVERYTHING HE CAN RELATED TO THE EVERYTHING HE CAN RELATED TO THE MUELLER REPORT Z AS WELL.

100 thoughts on “Donald Trump Red Line Failing Despite Urgency To Keep Finances Opaque | Rachel Maddow | MSNBC”

  1. Trump will start a war to distract from the case. This video just ahow one thing tha is .Trump has been a liar dor all his life. Congrat to US in suceeding to choose thw best president in US history

  2. So number one priority for Trump was to appoint a crony as head and chief counsel of the IRS to avoid them releasing any details of his taxes and presumably avoid the IRS investigating his taxes too closely. Secondly to appoint Barr to try and prevent proper release of the Mueller report and to try spin the result as much as possible. His attempts to hide everything are more and more desperate. Appointing your own cronies to protect your own self interests to public office rather than serve the country horrendous ethics and should be included as part of impeachment offenses

  3. Really I'm tired of these reports the man is a crook why do you think he's going out of his way to hide everything he's done since 2016

  4. Have you ever thought that he did it intentionally? Claiming he have losses when in reality he just hid the money and claim it is a loss? Think about it, if he have just about 5% interest rate, his 1billion loss would generate that much money.

  5. maddow, be very careful what you wish for. You are leading your flock to a very bad day. When you keep pushing this point of Trump's tax returns and how he managed his funds, then all of a sudden Trump's tax return shows he lost couple of billion after the presidency. You will be eating banana peels for a long time. That is how Trump get his revenge. This is the reason why you should not hate on anyone. It comes back at you 10 folds.

  6. Will Donald have secret service protection while he is in federal prison? That's going to be awkward.

  7. In a normal business if you lost that much money over that period of time no one would lend you a pay Norwood you would be in any kind of business in the future so tell me how did he survive

  8. Jesus I get sick of old old old clips recommended when I have already watched them and have no date until you click on it and start watching the vid.

  9. another interesting question about that 52 million in interest why would you only do something that good for one year.

  10. Trump has never paid any taxes, he bought EVERYTHING THAT HE OWNS FROM, made inCHINA , or other countries just NOTHING made in AMERICA TRUMP OWNS! NOW GO FIGURE OUT WHY!!!!!!

  11. I bet that the Dump falsified his tax return and that in actuality he has been hiding his real earnings!

  12. Donald Trump is deeply in debt. He canโ€™t pay any of that. So he will have to go to prison for the rest of his life.

  13. How come Trump is getting these people vetted to work in these jobs? What happen to people going through the regular process?

  14. The President, has great ability, to fool the whole world, into thinking that he is rich sick, and he is !!

  15. Why doesn't the MSM continue to put him on blast everyday as he continues to make economic decisions esp with tariffs that are going to ruin the economy and has now been green lighted with House approval to allow no debt ceiling how is that supposed to work for the country? We're letting the Fox watch the Hen house again with another GOP President how do we continue to repeat this bad history while they line their bank accounts daily with money from so many sources we can't keep up

  16. And he has the nerve to even consider that food stamps should be stopped!!!!! Obviously, the fifty-three million was a figment of his imagination OR was the product of illegal activities! He did deal with the Mobs!

  17. There are no, none, 0 independent documents of this fraud making a dime !!!!! Only tax returns. saying he's paid no taxes because he made NO MONEY. So how is it hes a billionare ! I'll tell you what he is. No better you use you own sense of logic, —

  18. Rachel is a fine reporter and reports on the facts however I don't want to hear about the dirt after someone's been elected we need to know the facts before

  19. If there is no criminal intent why is the Trump family doing their due diligence to block any access to Their tax information…something smells in the Oval Office.

  20. Wow! Trump is such a loser! As a country we should be afraid of him at the helm. Trump is going to bankrupt the US.

  21. Does anyone not see that this woman is clearly a neurotic basket case. Watch her inflections.She looks like someone in a group therapy session

  22. Trump and crew keep throwing up roadblock after roadblock against investigations on him. Can the Democrats look far enough ahead to move quicker before we run out of time?

  23. Rachel i really like her and believe she's very sharp. But this is how Trump tricked all of you News people. He knows how much you love a good headline, so he feeds them to you. Before this happened everyone was talking about impeachment on the News stations. That's a no no for Trump.
    + He's being investigated for obstruction and treason. His names mentioned in the pedophilia investigation of Jeffrey Epstein. So Trump do what he does best he goes to his only accomplishment as president and that's (Twitter)!!! First he attacks the 4 Congress women. He knows this will be big headlines on the News. It's all to divert attention from himself. Now he pulls out his second card hateful rhetoric. Looking for something to happen and it did. Now do you see how this man works. Do you see anyone talking about impeachment, or Jeffrey Epstein, or the Mueller probe, NO!!!! My condolences to all the families. But it's time to wake up people we're being played….. Once again…..
    THIS IS WHAT HE DOSEN'T WANT YOU TO PAY ATTENTION TO OR TALK ABOUT.

    https://www.facebook.com/impeachtrumpasap/videos/342800839980564/?sfnsn=mo

    https://youtu.be/FsA7wc-LbNA

  24. The effort that Trump and Co have invested in covering up his past financial, educational and income tax returns can say just one thing only – that he has something very damaging to hide. There can be no other conclusion.

  25. In response to questions about his vicious and inappropriate rhetoric;
    Trump said, โ€œour country is doing wellโ€.
    Our country is not doing well.
    Our country is in shock.
    Our country is grieving.
    Our country is horrified that we let this mad man lose in the White House.

  26. He is using the office to try and recover from those bad investments.wanting a wall built and lift sanctions in Russia's favor.

  27. Should'nt both of these "Trumpite cronies" be subpoenaed, held in contempt and BE in jail right now? As well as fined – daily for every day they continue(d) to deny congress Trump's tax records! Plus, charged with obstruction of justice, found guilty, and run out of the country on a rail, decorated with tar and feathers?

  28. CATCH AND RELEASE WORKED. MIGRANTS WOULD GO THROUGH THE BORDER, BP WOULD ASSIGN THEM COURT DATES AND 85% OF THEM APPEARED AT THEIR HEARINGS.WHEN RELEASED THEY WENT TO FAMILY OR FRIENDS, THAN TO WORK, PAID TAXES, STAYED OUT OF TROUBLE. NOW WE PAY $1,000 ADAY EACH TO HOLD THEM. DID WE NEED TO SPEND THE MONEY????????

  29. Every President showed there Taxes , no difference for 45 he is not special he has to answer like everyone else , he dose not own the American Land and there people wake up, he needs to get that in his one mind set being corrupted, Rasist biggot liar who steals from the government and the American people.

  30. Every President showed there Taxes , no difference for 45 he is not special he has to answer like everyone else , he dose not own the American Land and there people wake up, he needs to get that in his one mind set being corrupted, Rasist biggot liar who steals from the government and the American people.

  31. So that means he never made any money he is a scam and conartist a big liar he is nothing with out his dad , money laundering, Mafia and all this out of the country money laundering with Mafia , Russia , North Korea, and many more,that's why he dose not care of any American wake up is all money laundering for him and how much more he can get out of the government sickening.

  32. Trump is a lying braggart con and a cheat…he has been involved in all kinds of illegal activities all his life and e has gotten away so far….but the truth is like the sun it always comes out.

  33. The big picture is trump is putting his people everywhere in the government so he can get away with murder ,wake up America and Nancy Pelosi impeach the criminal dog,where did he get the money Russia, money launderer from Russia

  34. It has occurred to me that I've never seen an inquiry as to the integrity of the Electoral College members (especially from the rust belt states) after they threw the presidency to Donny Putinesca? Given the amount of Russian interference during the 2016 election it doesn't seem to be farfetched to look under that rock as well.

  35. A 6 times bankrupt trying to take the biggest nation on earth – CHINA. What a stone cold loser. Show us your tax returns.

  36. He robbed the loaner and didn't pay back used their money and built his empires. Remember he doesn't pay bills taxes or his contractors who built his empire everybody needs to sue trump for their money NOW WHILE HE HAVE THE MONEY TO PAY NOW THAT HE'S STEALING THE AMERICAN MONEY

  37. How can you stop him you can't he stacked all the judges in the courts and he pays them to win every crime he has committed and still committing

  38. Trump's hand picked IRS leaders have juggled his taxes to show whatever he wants shown.He's ripping off US taxpayers for billions. Talk about that.

  39. Trump looks like before we get him in courts he'll be and Dictator. El Paso will never get paid. Trump has a history not paying his bill.

  40. Don – Spanky et Al is — a crook, a liar, dishonest, a coward, not very bright, a draft dodger, an egomaniac, incohert, conceited,, incapable of empathy, totally self serving, dillusional, an extreme whiner, a sexual predditor, and undoubtedly the worst possible choice as president. The USA may never recover it's credibility after this. I hope this isn't construed as being disrespectful a. Factual ๐Ÿ˜‰

  41. This info STRONGLY suggests that he's been laundering money for a long time. Other possibilities aren't any more savory. ๐Ÿ–’๐Ÿ˜ˆ

  42. Rachel!!!๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘!!!
    You are the best!!! Thank you, thank you for being a bulldogess on these Trump matters. I love watching/ listening to your reporting!!! You make every topic understandable for the regular Joe's. We appreciate it.๐Ÿ˜Š
    And thank goodness for these Washington Times journalists for doing all they can to get Trump uncovered……BRAVA!!Hope they receive another Pulitzer!! ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘ Keep it coming.๐Ÿ˜Š๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ˜Š

  43. He loves to expound on his education at the best business college. I wonder if he was out sick on the day the "How to Avoid Bankruptcy" lecture was given. If he is such a great businessman, how could he have filed bankruptcy 5 times!!! If a regular person files bankruptcy, it stays on their credit file for 7 years and good luck getting any credit offered.
    So, he just lies and provides false figures and gets loan after loan.
    The only thing he's smart about was getting elected because he knew he would stay out of the courthouse….then jail as long as he's a sitting president.
    The bigger they are, the harder they fall. His fall is coming. We just have to be patient.
    He who laughs last, laughs longer!!!๐Ÿ˜Š

  44. That's why America is 22 .000.000.000
    In Debts because of 45/Trump and his scamming business deals, get him out of the White House , he is no Business man a scam Artist, Money Laundering with every one and everything he can sell what is he in deals with Putin and the others, Putin wants America .

  45. They run a double set of books; one that shows what's really going on. And another showing huge losses… Money laundering and Tax evasion is his thing.

  46. Maybe he didn't actually loose that money, but wrote off losses, so he could dodge his taxes? Losses are a tax deduction, you know.

  47. I wouldn't take business advice from this looser. You have to have a very rich daddy, to pull off this much loosing, and not go to jail for tax fraud.

  48. Put the proper name on it! Trump is a communist traitor and thug. All the other candidates are giving their financial records so what's stopping trump? All the lawyers and money spent on them and the cover-ups and blocking of information to the investigations? It's become obvious trump is hiding really bad activities and law violations besides all the billions of dollars he's stolen from the American people! The proof is out! Mueller answered and made it clear that trump violated the law. Obstruction of justice is clearly established. Period.

  49. We are surrounded by crooks and racists and liers, oh my! How much more blatant white supremisim are we going to tolerate ? A president who encourages hateful attitudes is a poison at the very top of the political pile. Everything that emanates from the Whitehouse is ugly and antidemocratic. How long is this going to go on? How can we remove turtle boy from his position of power?

  50. GOP cheer up you still have Moscow mitch !!! Another cartoon character Mr Magoo except dumber !!!!! ๐Ÿ˜Ž๐Ÿ™„๐Ÿ˜๐Ÿ˜

  51. Trump doesnโ€™t want the American people to know that he is in debt
    Millions of dollars.
    And he is no where near a billionaire ๐Ÿ˜

  52. Looks like your President needs to take an urgent long walk off a short pier! Canโ€™t wait till he has his nose against the wall of exposure and truth…..bring it on….and fast

  53. H o w f a i r is it…..that other far
    less rich people are hounded and by the IRS or JAILED for being in violation and yet….this man is not just walking free but is in the white house…SMH.

  54. Hahaha! This lady's life long goal to find something wrong with president Trump…i would have thought she had give it up after years of that Mueller report thing . That totally flopped

  55. How stupid or ignorant must people be, with all this countervailing evidence reported to the public, to still believe this long time fraud & crook is a "winner" and shrewd businessman? Loser and con man seems more appropriate doesn't it?

  56. what is with that funky do cape? He should get himself a Kaiser helmet wear the cape and helmet to the next state of the union speech to demonstrate what a stable genius he is.

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