Bank with a checkered past and a deep history with Trump raises red flags

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GET HIM. >> WONDER IF THEY EVER USED THOSE TECHNIQUES ON HIM. THE STORY OF THIS SUPER HIGH INTEREST CAR LOAN COMPANY THREATENING ITS CUSTOMERS AND GETTING IN TROUBLE ALL OVER THE PLACE FOR DOING IT, THAT STORY HAS CROSSED OVER NOW FROM THE BUSINESS NEWS AND FROM THE NEWS OF FRAUD AND CRIME INTO NATIONAL POLITICS NEWS. BECAUSE THIS IS THE SOURCE OF FUNDS NOW THAT IS SUPPORTING THE MAN WHOS HAS A VERY GOOD SHOT BEING THE NEXT PRESIDENT OF THE UNITED STATES. THIS IS NOW THE MAJOR SOURCE OF FUNDS FOR FORMER PRESIDENT DONALD TRUMP AS HE PREPARES TO SIT AS A DEFENDANT IN HIS FIRST FELONY CRIMINAL TRIAL WHICH STARTS ONERI WEEK FROM TODAY WHE HE SIMULTANEOUSLY IS RUNNING FOR PRESIDENT AS THE PRESUMPTIVE NOMINEE OF THE REPUBLICAN PARTY. THE BANK IN QUESTION HERE, IT REALLY DID USE TO BE CALLED BANK OF INTERNET USA. IT HAS NOW CHANGED ITS NAME TO AXOS BANK. WHEN DONALD TRUMP LEFT OFFICE IN 2021, NORMAL BANKS AND BUSINESSES, AT LEASTAN FOR A WHE PURPORTED TO BE SHOCKED AND HORRIFIED BY HIM USING MOB VIOLENCE TO ATTACK THE U.S. CAPITOL TO TRY TO STAY IN POWER BY VIOLENCE, DESPITE LOSING THE ELECTION. THAT WAS A PARTICULARLY ACUTE FINANCIAL PROBLEM FOR HIM RIGHT WHEN HE LEFT OFFICE, BECAUSE IN 2021, AS HE LEFT OFFICE, HE WAS FACING LOOMING DEADLINES TO PAY BACK HUGE LOANS ON BOTH HIS TRUMP TOWER PROPERTY IN NEW YORK AND HIS GOLF CLUB IN SOUTH FLORIDA. THOSE LOANS WERE COMING DUE WHEN NORMAL BANKS WANTED ABSOLUTELY NOTHING TO DO WITH HIM. BUT NOT EVERY BANK IT TURNS OUT IS NORMAL, BECAUSE THIS BANK, AXOS BANK BAILED HIM OUT OF BOTH OF THOSE HUGE LOANS. THEY CAME OUT OF NOWHERE, PROVIDED $225 MILLION TO TRUMP JUST BEFORE5 THE DEADLINE BY WHICH HE NEEDED TO PAY OFF THOSE LOANS. THEY ABSOLUTELY RESCUED HIM.TO HE ALSO AT THE TIME WANTED TO GET OUT OF ONE OF HIS BIG MONEY LOSINGS VENTURES, THE TRUMP BRANDED D.C. HOTEL. WHILE TRUMP WAS PRESIDENT, THAT HOTEL WAS OF COURSE A CONVENIENT PLACE TO ACCEPT EFFECTIVELY SMALL BRIBES. ANY PLACE A CUSTOMER WANTED TO PUT MONEY, ANY CUSTOMER WHO WANTED TO PUT MONEY IN THE SITTING PRESIDENT'S POCKET COULD INEN EFFECT DO SO BY SPENDING MONEY AT THAT HOTEL EITHER ON ROOMS OR AT THE RESTAURANTS OR WHAT HAVE YOU. WHILE I'M SURE THAT WAS A GREAT SOURCE OF PLEASURE AND FLATTERY TO THE FORMER PRESIDENT WHILE HE WAS PRESIDENT, EVEN WITH THAT WEIRD SECONDARY MOTIVATION FOR PEOPLE TO DO BUSINESS THERE, THE HOTEL OVERALL WAS A BIG ECONOMIC LOSER. WHILE TRUMP WAS PRESIDENT, THAT HOTEL LOST $70 MILLION. SO HE WANTED TO UNLOAD IT. AND THEN THIS WEIRD THING HAPPENED, BECAUSE IT'S A MONEY-LOSING PROPERTY. BUT NEVERTHELESS, AFTER HE LEFT OFFICE, WHEN HE PUT IT UP FOR SALE, HEP WAS ABLE TO GET A SURPRISINGLY HIGH PRICE FOR IT. WHYLY WAS THAT? WELL, IN PART BECAUSE THE SAME BANK, AXOS BANK PROVIDED $190 MILLION TO GREASE THE DEAL. NOW, IS THAT A LOT OF MONEY FOR THEM TO PUT INTO IT? I DON'T KNOW.FO BUT TRUMP AND I HIS COMPANIES POCKETED NEARLY HALF THAT AMOUNT WHENHA THE DEAL WAS DONE. THAT WAS PLENTY ENOUGH MONEYAY TO PUT IN THAT DEAL TO MAKE IT A SWEET DEAL FOR HIM. SO THIS ONE ENTITY, THIS FINANCIAL ENTITY LINKED TO THIS USURIOUS CAR LOANS GUY, THEY'VE ALREADY DUMPED OVER $400 MILLION ON TRUMP SINCE HE LEFT OFFICE. NOT COUNTING THE TENSE OF MILLIONS OFNG DOLLARS THEY DUMP ON JARED WHILE JARED WAS IN THE TRUMP WHITE HOUSE AND AFTER. AND NOW IT'S THESE SAME FOLKS WHO HAVE COME BACK AND OFFERED YET MORE. IN THE FRAUD TRIAL AGAINST TRUMP'S REAL ESTATE ABUSINESS,E WAS TOLD BY THE COURT TO PUT UP A BOND FOR $464 MILLION TO COVER THE HUGE JUDGMENT AGAINST HIM IN THAT FRAUDT TRIAL. TRUMP'S LAWYERS, YOU WILL REMEMBER, TOLD THE COURT THEY'D APPROACHED 30 DIFFERENT FIRMS ABOUT PROVIDING THAT BOND. ALL THET FIRMS THEY SAID SAID . THEY SAID EVERYBODY THEY WENT TO SAID NO.EY BECAUSE OF THAT, THEY SAID THEY HAD PROVEN IN PRACTICAL TERMS IT'S AN IMPOSSIBILITY TO GET A BOND THAT BIG. NO ONE WILL DO IT. WE'VE GONE TO 30 DIFFERENT FIRMS. IT'S IMPOSSIBLE. WE WOULD HAVE TO PUT UP REAL ESTATE TO BE THE COLLATERAL FOR A BOND THAT BIG. NOBODYT WILLING TO CONSIDER A BOND THAT BIG WILL ACCEPT REAL ESTATE AS A COLLATERAL, REAL ESTATE AS COLLATERAL. IT CANNOT BE DONE. IT TURNS OUT, EH, MAYBE THAT WASN'T TRUE. IT TURNS OUT COULD HAVE BEEN DONE, BECAUSE THIS SAME GUY, THE CAR LOANS GUY, THE PRETEND YOU'RE THE PIZZA PLAY SUPER HIGH INTEREST CALL YOUR BOSS, CALL YOUR MOM CAR LOAN GUY, THE BIGGEST SHAREHOLDER IN THE BANK THAT ONE AFTER ANOTHER BEEN PAYING OFF ALL OF TRUMP'S DEBTS FOR HIMUM SINCE HE LEFT OFFICE, THIS SAME GUY SAYS ACTUALLY, HE'D BE HAPPY TO PUT UP THE BOND. HE SAYS THAT HE TOLD TRUMP'S LAWYERS HE WOULD PUT UP THAT BOND. AND, YEAH, EXPLICITLY, HE'D TAKE REAL ESTATE AS COLLATERAL. THAT WAS NO PROBLEM FOR HIM. TRUMP'S LAWYERS APPARENTLY NEVER TOLD THE COURT THAT THIS GUY HAD OFFEREDHA TO POST THE BOND. IN FACT,OS THEY TOLD THE COURT THAT NO ONE WOULD POST THIS BOND. THEST APPEALS COURT APPARENTLY BELIEVING THAT NO ONE WOULD POST THE BOND THEN LOWERED THE BOND, LOWERED IT DOWN TO $175 MILLION, WHICH TA-DA, WAS THEN COVERED BY THIS GUY, WHO HAD ALREADY OFFERED TO PUT UP THE MUCH LARGER AMOUNT. EVEN THOUGH THE COURT WAS TOLD BY TRUMP'S LAWYERS THAT NO ONE WOULD DO THAT. WHAT DID TRUMP HAVE TO DO TO BE THE RECIPIENT OF SUCH GENEROSITY FROM A MAN WHO, AFTER ALL, IS NOT THAT GENEROUS? A MAN WHO, AFTER ALL, WOULD THREATENWO ILLEGALLY TO LOCK YO UP FOR MISSING A CAR PAYMENT, ACCORDING TO THE CONSUMER FINANCIAL T PROTECTION BUREAU, WHOSE BANK CHARGED A HARLEM SOUL FOOD RESTAURANT 268% INTEREST ON THEIR BUSINESS LOAN. A GUY WHOA DEMANDED DAILY PAYMENTS FROM A SMALL BUSINESS IN MASSACHUSETTS THAT HE WAS CHARGING OVER 90% INTEREST TO, RIGHT. THIS IS NOT SEEM LIKE A GUY WHO IS INVOLVED IN A LOT OF SUPER GENE BEEN HAPPY TO DO INTERVIEWS ABOUT HOW HAPPY HE IS TO DO THIS.Y AND CERTAINLY THERE IS A DISTURBANCE IN THE COSMOS TO HAVE A MAN WHOSE COMPANY WAS SUED BY THE JUSTICE DEPARTMENT FOR CHARGING ILLEGALLY HIGH INTEREST RATES TO ACTIVE DUTY MEMBERS OF THE U.S. MILITARY AND ILLEGALLY REPOSSESSING SOLDIERS' CARS SO HE COULD BECOME A BILLIONAIRE, THERE IS A DISTURBANCE IN THE COSMOS THAT THAT SAME GUY IS NOW VOLUNTEERING TO A NEWS ORGANIZATION, YEAH, IT WAS A REAL LOW FEE I CHARGED HIM FOR THIS MOSTED RECENT $175 MILLION FAVOR I POSTED FOR HIM. AFTER I ALREADY SHOVELED HIM, AFTER MESH AND THESE ENTITIES WH WHICH I AM ASSOCIATED ALREADY SHOVELED HIMSS MORE THAN $400 MILLION BEFORE THIS. T YEAH, I DIDN'T CHARGE HIM MUCH. WHYM SHOULD I? MAYBE HAVE SHOULD CHARGED HIM A LITTLE S MORE. THERE IS SOMETHING THAT BLOTS OUT THE SUN IN THAT STORY, EXCEPT NOT IN A WAY THAT
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Channel: MSNBC
Views: 471,431
Rating: undefined out of 5
Keywords: Rachel Maddow
Id: TB0PH9sxl8g
Channel Id: undefined
Length: 7min 54sec (474 seconds)
Published: Tue Apr 09 2024
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