talk to the
Washington Post’s David Fahrenthold and The New Yorker’s
Adam Davidson about the big mystery around the Trump Organization’s
$400 million in cash deals.
– The week before last, the Washington Post had an intriguing story:
In the nine years before now-President Donald Trump announced his
candidacy, his company paid
$400 million in cash to buy a number of properties.
companies doing deals usually borrow money for the same reason that
many homeowners take out mortgages: Leveraging your money —
especially when the cost of borrowing is low, as it has been for a
decade — makes your money go further.
Trump — the self-styled “king of debt” —
didn’t do that in these deals has raised a number of big, basic
questions, including how the Trump Organization had so much cash, and
why it would use it to purchase properties in all cash.
the Post that the money came from profits that his father put back in
the business. “He had incredible cash flow and built incredible
wealth,” the younger Trump said. “We invested in
extra, we spoke to The New Yorker’s Adam
Davidson and the Post’s David Fahrenthold — who wrote the
week before last story with Jonathan O’Connell and Jack Gillum.
Fahrenthold talk about trying to make the numbers and the
explanations add up. (Spoiler: They can’t.)
this fundamental question we have,” says Davidson. “Where
did the money come from and why was it spent the way it was spent.
There’s some piece of information that we are missing because
none of the explanations make sense.”
also talk about
the revelations of payments to the president’s lawyer, Michael
Cohen — and how it may be that our various investigations will
converge into one.
note: Listen to the Podcast (noted above) below