When discussing a bombshell Washington Post report by journalist David Farenthold about Donald Trump’s $400 million buying spree, MSNBC’s Stephanie Ruhle was puzzled by the influx of cash to the self-described “king of debt.”
“Deutsche Bank, where I worked, previously from the institutional side of the bank had lent the Trump Organization money, and Trump came back to them wanting to borrow more money. again, placing a value of something like $1 billion on the Trump brand name, and they laughed at it,” the host recounted. “He was forced to go to the private bank side.”
“How could Eric Trump possibly say this was a business decision, that everyone wanted to lend them money?” Ruhle mused. “There’s no evidence of that.”
“Where on earth did they get the cash from?” the host asked Farenthold, who responded that he and his reporting team only know what the Trump son relayed to them — that they made enough on other business ventures to purchase the properties in cash in spite of reports about the company’s borrowing habits.
“We’re relying on Eric Trump’s explanation of all of this,” the host said. “This one’s a head scratcher.”
Watch below, via MSNBC: