The “failing New York Times” has once again taken a beating this morning from President Trump as he tweeted his disgust with them for their story about his business losses. But the liberal media, desperate for something to sink their teeth into, did their best to punish him right back.
An MSNBC “Breaking News” story on the Times article was hilariously excited about the prospect of a new angle of attack on the president. More on that in a bit.
First, early this morning, the president tweeted: “The Failing New York Times (it will pass away when I leave office in 6 years), and others of the Fake News Media, keep writing phony stories about how I didn’t use many banks because they didn’t want to do business with me. WRONG! It is because I didn’t need money. Very old-fashioned, but true. When you don’t need or want money, you don’t need or want banks. Banks have always been available to me, they want to make money. Fake Media only says this to disparage, and always uses unnamed sources (because their sources don’t even exist).”
“Ouch,” said the punching bag.
The Failing New York Times (it will pass away when I leave office in 6 years), and others of the Fake News Media, keep writing phony stories about how I didn’t use many banks because they didn’t want to do business with me. WRONG! It is because I didn’t need money. Very old
— Donald J. Trump (@realDonaldTrump) May 20, 2019
….fashioned, but true. When you don’t need or want money, you don’t need or want banks. Banks have always been available to me, they want to make money. Fake Media only says this to disparage, and always uses unnamed sources (because their sources don’t even exist)……
— Donald J. Trump (@realDonaldTrump) May 20, 2019
His momentum building from there, the president had a truthful tale to tell and he took it directly to the Twitter community, saying … “The Mainstream Media has never been as corrupt and deranged as it is today. FAKE NEWS is actually the biggest story of all and is the true ENEMY OF THE PEOPLE! That’s why they refuse to cover the REAL Russia Hoax. But the American people are wise to what is going on. Now the new big story is that Trump made a lot of money and buys everything for cash, he doesn’t need banks. But where did he get all of that cash? Could it be Russia?”
The Mainstream Media has never been as corrupt and deranged as it is today. FAKE NEWS is actually the biggest story of all and is the true ENEMY OF THE PEOPLE! That’s why they refuse to cover the REAL Russia Hoax. But the American people are wise to what is going on…..
— Donald J. Trump (@realDonaldTrump) May 20, 2019
….Now the new big story is that Trump made a lot of money and buys everything for cash, he doesn’t need banks. But where did he get all of that cash? Could it be Russia? No, I built a great business and don’t need banks, but if I did they would be there…and DeutscheBank……
— Donald J. Trump (@realDonaldTrump) May 20, 2019
“No, I built a great business and don’t need banks, but if I did they would be there…and DeutscheBank was very good and highly professional to deal with – and if for any reason I didn’t like them, I would have gone elsewhere….there was always plenty of money around and banks to choose from. They would be very happy to take my money. Fake News!”
…..was very good and highly professional to deal with – and if for any reason I didn’t like them, I would have gone elsewhere….there was always plenty of money around and banks to choose from. They would be very happy to take my money. Fake News!
— Donald J. Trump (@realDonaldTrump) May 20, 2019
Trump moved on from there to other matters. But he’s sure to return as the Times had a bit of a rebuttal to tweet out. David Enrich, the Times financial editor, disputed Trump’s claim that he could have done business with any bank.
“I have spent a long time looking into this, and @DeutscheBank was the only bank willing to lend to @realDonaldTrump for 20 years because of his pattern of defaults and the bank’s hunger for growth in the US,” he wrote.
The newspaper published a Sunday story saying Deutsche Bank’s anti-money laundering personnel identified several transactions they deemed suspicious involving entities owned by Trump and son-in-law Jared Kushner. The reports documenting the transactions were never filed with the Treasury Department. Some times, large transactions, such as what are commonplace in real estate development, are often big enough to automatically trigger review procedures without any actual wrongdoing. Banks can choose not to file reports if they believe there was no wrongdoing.
In a statement given to The Hill, Deutsche Bank spokeswoman Kerrie McHugh said, “At no time was an investigator prevented from escalating activity identified as potentially suspicious. Furthermore, the suggestion that anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false.”
The Hill reported: “A Kushner Companies spokesperson told The Hill in a statement that ‘The New York Times tries to create scandalous stories which are totally false when they run out of things to write about.’
“Kushner Companies spokeswoman Karen Zabarsky told The New York Times in a separate statement that ‘any allegations regarding Deutsche Bank’s relationship with Kushner Companies which involved money laundering is completely made up and totally false.”
The Times report did state that red flagged transactions found by banks’ computer systems do not indicate that transactions are or were improper. The paper also claimed that Deutsche Bank was one of the few big banks that continued to do business with the Trump Organization, and that was obviously the impetus for the President’s tweetstorm early this morning.
Let’s get to the MSNBC report that you have to see for yourself. In the end, the NYT author who is being interviewed concedes the whole thing may be nothing at all, but his story is about the fact that a few low-level employees of the bank feel otherwise. Most clearly, this is a “bombshell” fake news story bound to disappear by tomorrow …
Video by MSNBC
Important to note … less than two weeks ago, The New York Times framed the President’s business losses that he wrote-off as shown in documents relating to his taxes from 1985 to 1994, as being evidence of his not being a very good businessman. Yet the Times actually called him “the comeback king” shortly after that period as the real estate market recovered.
The President responded then with this tweet …
Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered “tax shelter,” ……
— Donald J. Trump (@realDonaldTrump) May 8, 2019
….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!
— Donald J. Trump (@realDonaldTrump) May 8, 2019
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