.MaddowBlog: The Trump International Hotel in the nation’s capital was already at the center of multiple controversies. This week, the story got much worse.
But at least he has that $375 million on the way, right?
This is where the letter from the House Oversight Committee comes into play. As congressional Democrats see it, Trump — who took over the lease two years before running for president — submitted suspect financial records with the government when it took over the hotel. Indeed, Mazars USA, Trump’s longtime accounting firm, just told the world not to rely on the documents that they helped prepare.
And what happens if Trump obtained the lease by way of false financial statements? Well, it means the government can terminate the lease — and if the lease is terminated, then the former president can’t sell the lease.Wait, it gets worse. The Oversight Committee also said it has the agreement between the Trump Organization and its bank for a $170 million loan used to finance the construction of the hotel.
If Trump provided false information to his bank to get the loan Deutsche Bank would have the option of simply demanding that the former president repay the $170 million loan immediately.with the New York Times’ Susanne Craig from last night’s show. She discussed the possibility of Trump feeling the need to start selling assets to keep himself afloat, in light of his business losses, legal losses, and looming debt deadlines.
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