Politico Quietly Admits Their ‘Trump Owes China Millions’
Article Was Fake News With Midnight Correction
4 HOURS AGO
"Three days after Politico dropped a ‘bombshell‘ report about President Trump owing millions of dollars to the Bank of China, they published a lengthy retraction seven minutes before midnight on Monday.
The article claimed that a $1 billion refinancing deal from several banks – including the Bank of China, was struck in 2012, in which the Trump Organization ‘has a substantial minority interest,’ and that President Trump therefore owes the Chinese state-owned bank ‘tens of millions of dollars’ on a loan which comes due in 2022."
There is a lot breaking today and we will have MUCH more on breaking developments which includes a release today of the additional 11 pages of information to the Flynn defense team. The release, when put together with all previously released information, clearly and directly implicates President Obama in the Flynn operation.
In the interim, listen to President Trump remark on the current developments:
Federal Reserve Board announces it is expanding the scope and eligibility for the Main Street Lending Program
The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic.
When the initial terms of Main Street were announced, the Board indicated that, because the financial needs of businesses vary widely, it was seeking feedback from the public on potential refinements. More than 2,200 letters from individuals, businesses, and nonprofits were received. In response to the public input, the Board decided to expand the loan options available to businesses, and increased the maximum size of businesses that are eligible for support under the program. The changes include:
Creating a third loan option, with increased risk sharing by lenders for borrowers with greater leverage;
Lowering the minimum loan size for certain loans to $500,000; and
Expanding the pool of businesses eligible to borrow.
Under the new loan option, lenders would retain a 15 percent share on loans that when added to existing debt do not exceed six times a borrower's income, adjusted for interest payments, taxes, and depreciation and other appropriate adjustments. This compares to the existing loan options where lenders retain a 5 percent share on loans, but have different features. Under all of the loan options, lenders will be able to apply their industry-specific expertise and underwriting standards to best measure a borrower's income. In total, three loan options—termed new, priority, and expanded—will be available for businesses. The chart below summarizes the different loan options.
Additionally, businesses with up to 15,000 employees or up to $5 billion in annual revenue are now eligible, compared to the initial program terms, which were for companies with up to 10,000 employees and $2.5 billion in revenue. The minimum loan size for two of the options was also lowered to $500,000 from $1 million. With the changes, the program will now offer more options to a wider set of eligible small and medium-size businesses.
The Board recognizes the critical role that nonprofit organizations play throughout the economy and is evaluating a separate approach to meet their unique needs.
The Main Street Lending Program was established under Section 13(3) of the Federal Reserve Act, with approval of the Treasury Secretary. The Treasury will provide $75 billion for the program using funds from the Coronavirus Aid, Relief, and Economic Security Act. Frequently asked questions and answers for lenders and borrowers are also available. A start date for the program will be announced soon.
Asked about not wearing a mask, Trump said he wore one in another area “where they preferred it.” On why not wear it in front of the cameras: “I didn’t want to give the press the pleasure of seeing it,” Trump said.
Don't remember if it was the morning guy or Rush today. Media are crying like the little lap dog bitches they are that they don't like her.
They are so rude to her, talk over her, ask dumb ass gotcha questions. She says your asking the wrong questions telling them how a real reporter would do their job. Love it!
With more and more turning from news papers and tv. They will be forced to either start reporting or become obsolete as people see press briefings for themselves and judge the msm clowns.
Chris Wallace is right -- it wouldn't have gone well. After McEnany was through with him, they'd have to soak him up with a sponge.
Now I know why so called journalist support Democrats. They want a dictator that cant be questioned. I honestly wish I were young when America has their next Revolution.
Saw that this morning. It was a thing of beauty.
That young lady would eat Milhouse Wallace's lunch then steal his milk money.
Wallace teed up the segment by suggesting that if McEnany “had told” him and former ABC News journalist Sam Donaldson “what questions” they should have asked during a briefing, that it “would not have gone well.”
She would have eaten Wallace's lunch and Sam Donaldson would have been so shocked that someone was willing to call his bluff that he would have had a heart attack right there. Chris, when the press starts asking honest questions to reveal the truth instead of pushing narratives devised solely to corner the president, then you can get back on your high horse. In the mean time, just keep giving McEnany your lunch.
The petty attack on Kayleigh McEnany by Wallace and Goldberg did more damage to the journalists they were defending than it did to her. While the anti-Trump crowd undoubtedly cheered their criticism of the President's press secretary because they hate anyone associated with him, reasonable Americans are wondering why they were so threatened by the questions McEnany suggested the media should ask about General Flynn, questions most reasonable Americans would like the answers to.
House Pulls Surveillance Measure After Trump Tells Republicans to Vote No
House Democratic leaders on Thursday withdrew legislation that would revive expired F.B.I. tools to investigate terrorism and espionage and add privacy protections for Americans, after a fragile bipartisan compromise on the bill collapsed following an abrupt repudiation by President Trump.
The retreat left uncertain the fate of efforts to overhaul national-security surveillance while extending three partly expired tools that federal law enforcement officials use in such cases. Just days ago, the bill had appeared poised to become law, after initial approval by both the House and Senate.
But support for the measure among Republicans collapsed after Mr. Trump intervened to urge them to reject it, and progressives then said they could not support the bill without greater privacy protections. With votes bleeding from both flanks, House leaders delayed a vote late Wednesday and then called if off altogether on Thursday rather than let it fail.