patrick.net

OOPS! Always let 48 hours go before pushing an Anti-Trump Story, 'cos it's usually false or grossly distorted

The original story’s headline was “Trump owes tens of millions to Bank of China.” Now it is “Trump owed tens of millions to Bank of China.” But that claim is still wrong. Trump never owed tens of millions to Bank of China, as Breitbart News reported Friday. The subhead is” The president’s financial dealings with the state-owned bank complicate his attacks on Biden,” another false claim that remains in the story.

The Washington, DC, based media company falsely reported Friday that Trump owes millions to the Bank of China for a loan financing a building located at 1290 Avenue of the Americas. The story said that the president would have to pay tens of millions of dollars to the state-controlled banks because the loan was coming due shortly, a situation which it described as “unprecedented.”

Breitbart News reported Friday that the story was wrong. President Trump is not the debtor and Bank of China is not the creditor on the loan to 1290 Avenue of the Americas. Trump is the minority partner in a real estate deal that owns the building, had nothing to do with arranging the loans, and is not liable for their repayment. Bank of China was one of a consortium of lenders in 2012 that provided $950 million but sold its interest days later when the loan was repackaged into bonds for investors.

...

That part has not yet been corrected, although it too is false. “The president’s financial dealings with the state-owned bank complicate his attacks on Biden,” the story still says. But Trump did not have financial dealings with the state-owned bank. He was a passive holder of limited partnership shares in a real estate trust managed by Vornado Realty, one of the biggest commercial real estate investors in the U.S.

The headline on the story claimes “Trump owed tens of millions to Bank of China.” That is also false. Trump never owed money to China, the Vornado controlled trust did. And China’s interest in the loans was extinguished in a matter of days, eight years ago.

The story also fails to convey the critical fact that Bank of China is one of the largest foreign investors in commercial real estate in the U.S., making its participation in the financing of 1290 Avenue of the Americas far from unusual. The deal was the first time a loan with a Chinese lender participating was securitized, meaning packaged into a mortgage-backed security and sold to investors.

https://www.breitbart.com/the-media/2020/04/25/politico-edits-false-story-claiming-trump-owes-millions-to-china/

TL;DR: Trump was a passive investor in a REIT that got the loan, had nothing to do with making it. The loan itself was extinguished within days when the holding was securitized, eight years ago.

I wish people at Breitbart, at Pat.net, on Twitter, would stop questioning the Great Wise VIPS at Politico. Their erudition, unbiased public virtue is unquestionable and nothing they say should even be questioned or opposed.

Tim Aurora says

Great. Now the Repcons media has the dumb and dumber contests.

Tim Aurora says

https://en.wikipedia.org/wiki/Alternative_media_(U.S._political_right)

Wikipedia is not a source, triple if it's the least bit controversial or political.

Tim Aurora says

https://en.wikipedia.org/wiki/Alternative_media_(U.S._political_right)

FuckTheMainstreamMedia says

What alt right media?

Like I said, what alt right media?

Hircus says

left cant meme, so they copy.

At least I'm smart enough to know that you don't know which came first. I don't either, but the Merkel one is very old.

I will grant you two things. one it is lame. Two, therefore the AOC one was probably probably YUGELY shared by rightwingers on FB.

Now retarded Trump cultists will of course claim that since they saw the AOC one before they saw the other, that the Trump one is a copy.

How does one become THAT stupid ?

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marcus says

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Call me an idiot if you want, but what is the point of this meme? Liberal college professors do in fact dislike conservative viewpoints. Specifically in the liberal arts realm. My neighbors actively talk about how they hate their conservative students.

I read the meme as yes, professors do in fact discriminate based on political beliefs and give those students lower grades. Am I missing something here? Saying the words "don't discriminate" is a leap in judgement, when they in fact do.

Either way, a meme needs to just hit and this, as usual falls with a thud and likely many will read it the way I am. I think you may have mis-posted this one. Again, my interpretation could be wrong, but whatever.

I believe that Russia did try to manipulate the election in Trump's favor.

I also believe that 12 million illegals tried to manipulate the election in favor of Hillary.

Our intelligence agencies never said a word about the illegals. This gives Trump much credence that the investigation was a "hoax".

Misc says

I also believe that 12 million illegals tried to manipulate the election in favor of Hillary.

Right, when you cant even get registered voters to vote, millions of illegals on the instruction of George Sorros all marched off the construction job sites and out of the lettuce fields, registered and voted. Ha Ha fuck yes, and what Republican controlled Senate committee has confirmed that? And what happened with Trump's committee to investigate this? Are we still waiting for their report?

First three paragraphs give the thrust of the article:

The rapidly spreading virus has closed schools in Knoxville, Tenn., cut blood donations to dangerous levels in Cleveland and prompted limits on hospital visitors in Wilson, N.C. More ominously, it has infected as many as 26 million people in the United States in just four months, killing up to 25,000 so far.

In other words, a difficult but not extraordinary flu season in the United States, the kind most people shrug off each winter or handle with rest, fluids and pain relievers if they contract the illness.

But this year, a new coronavirus from China has focused attention on diseases that can sweep through an entire population, rattling the public despite the current magnitude of the threat. Clearly, the flu poses the bigger and more pressing peril; a handful of cases of the new respiratory illness have been reported in the United States, none of them fatal or apparently even life threatening.

Are you saying I'm wrong and that the 12 million illegals were for Trump?

or that the 17 Russian trolls definitely upended the election

Maybe we could hire Mueller to look into any illegals that were promoting Hillary. That way we can sanction them after we deport their asses.

Thanks Russia, for giving us our president who wants to Make America Great!

should i click the link

So...is it worse than smoking?

It's an old discredited article from 2 years ago.

How many people in their 30's had these strokes?

Two?

No one is falling for the Russia hoax anymore.

Three years of corrupt investigation, and they still have nothing, lol!

Is Trump really that brilliant that he can hide something supposedly so large so incredibly well, or is there really nothing there?

No new material lately? Just recycling Russia.

Patrick says

Is Trump really that brilliant that he can hide something supposedly so large so incredibly well, or is there really nothing there?

For Real! And it's not like he could ever do a successful cover up of anything. It leaks how and when he eats a Mickey D's quarter pounder.
He's going to do all of this cunning skulduggery the Liberals would have us believe, and a team of 13 angry Democrat Jewish Lawyers can't uncover the dirt and receipts?
I don't think so! At least Giuliani has found the receipts, it's about to go the other way. Giuliani has the receipts on Joe Biden, and Tony Fauci.

Sorry Liberals no Tickey No Laundry!

https://www.thegatewaypundit.com/2020/04/dr-fauci-gave-3-7-million-wuhan-laboratory-something-going-rudy-giuliani-drops-bomb-niaid-director-dr-tony-fauci/

Patrick says

How many people in their 30's had these strokes?

Two?

How old is NK president? Isn’t Kim in his 30s?

Misc says

Are you saying I'm wrong and that the 12 million illegals were for Trump

I'm saying the number of illegals that voted , was far closer to 12 than 12 million, period. And that there is zero real data to support the assertion that millions let alone 12 million illegals voted. And that Trumps committee to investigate election fraud was an abject failure and a farce and withered on the vine to look like his testicles. And that the justice dept under Simpleton Sessions and Butt licker Barr have not produced much of anything regarding Democratic election fraud, though the Republicans in NC for sure tried it and were caught.

What you're saying Mueller and his 13 Weisemen were too fucking stupid and incompetent to find this bullshit poor attempt to stop what's coming next?

LOL Richard Burr, don't make me Shart.

rdm says

Misc says

Are you saying I'm wrong and that the 12 million illegals were for Trump

I'm saying the number of illegals that voted , was far closer to 12 than 12 million, period. And that there is zero real data to support the assertion that millions let alone 12 million illegals voted. And that Trumps committee to investigate election fraud was an abject failure and a farce and withered on the vine to look like his testicles. And that the justice dept under Simpleton Sessions and Butt licker Barr have not produced much of anything regarding Democratic election fraud, though the Republicans in NC for sure tried it and were caught.

I am not stating that they voted.

I said they did just what the Russians did. They tried to sway the election. The number of illegals that tried to sway the election in Hillary's favor outnumber the number of Russians involved by millions upon millions. So much so that it could only be that our intelligence services were politized against Trump. Nobody believes that 17 Russian trolls carry the same weight as millions of illegals in trying to sway the election.

Misc says

They tried to sway the election

So how did they do it, excuse me fail at trying to do it? Bumper stickers on 1995 Toyota pickups?

rdm says

Misc says

They tried to sway the election

So how did they do it, excuse me fail at trying to do it? Bumper stickers on 1995 Toyota pickups?

The same way the Russians did. Only they added an in person angle as well.

Tim Aurora says

Whom cannot wait to kill either by inaction or giving them bleach

That's simply an outright lie.

Watch the actual video:

https://patrick.net/post/1331299?120#comment-1665251

Tim Aurora says

Alt -Right will go to any length to protect their Messiah Trump. It is called TCS ( Trump Cult Syndrome)

Why, do you suppose, the democrats keep raving about how unfit Trump is to be president and how his policies will be the ruin of America while not offering a candidate and policies that would appeal to American citizens?

Nobody is trumpeting the democratic platform. Where's Joe?