Donald Trump Real Estate A Potential Means To Pay Money To A President | Rachel Maddow

$35 MILLION INTO THE PRESIDENT'S POCKET.
AND DEPENDING ON YOUR BUSINESS, CONCEIVABLY THAT MIGHT GET YOU
SOMETHING MORE VALUABLE THAN HAND CRAFTED ITALIAN BRASS
DOORKNOB. THE HAND CARVED DOORKNOB PLACE
WITH THE ROUND TOP WINDOWS, IT IS A TRUMP PROPERTY.
IT'S FOR SALE BY TRUMP INTERNATIONAL REALTY.
YOU WILL RECALL HE PUT HIS MONEY INTO A TRUST AND THE BENEFICIARY
OF THE TRUST IS HIM. SO WHEN THE COMPANY MAKES MONEY,
HE MAKES MONEY. REPORTERS FROM "USA TODAY" HAS
DONE JUST PAINSTAKING BUT INCREDIBLE AND IMPORTANT WORK.
THEY TRACKED DOWN EXACTLY WHAT THAT POTENTIALLY MEANS IN TERMS
OF THE PRESIDENCY AND HIS BUSINESS INTERESTS GOING
FORWARD. NOBODY FIGURED THIS OUT BEFORE
BEFORE "USA TODAY" DID THE INCREDIBLE LEG WORK NECESSARY TO
TELL THIS TALE, WE DIDN'T KNOW THIS INFORMATION.
HERE'S THEIR LADY, "USA TODAY" SPENT FOUR MONTHS CATALOGING
EVERY PROPERTY TRUMP'S COMPANIES OWN.
TRUMP NEVER SLOEFD A COMPLETE UNIT BY UNIT INVENTORY OF HIS
COMPANIES' REAL ESTATE HOLDINGS OR SALES.
THEY'RE BEING MODEST ABOUT THIS BUT "USA TODAY," THEIR REPORTERS
HAD TO BUILD THIS LIST UNIT BY UNIT, CITY BY CITY ACROSS THE
COUNTRY INTEREST SKRASH ON THEIR OWN WITH NOT GUILTY TO BILL ON
IN TERMS OF PUBLIC DISCLOSURES. WHAT DID THEY FIND?
QUOTE, REPORTERS FIRST DOWN THAT TRUMP'S TRUST AND HIS COMPANIES
OWN AT LEAST 422 LUXURY CONDOS. 12 MANSION LOTS ON BLUFFS
OVERLOOKING HIS GOLF COURSE ON THE PACIFIC OCEAN AND DOZENS
MORE SMALLER PIECES OF REAL ESTATE.
THE PROPERTIES RANGE IN VALUE FROM $200,000 TO $35 MILLION
EACH. THAT INCLUDES THE DOORKNOBS.
UNLIKE DEVELOPS WHERE TRUMP LICENSES HIS NAME FOR A FLAT
FEE. PROFITS FROM PROPERTIES DIRECTLY
OWNED BY HIS COMPANIES, THOSE ENRICH HIM PERSONALLY.
AND THAT'S IMPORTANT BECAUSE NOW HE'S PRESIDENT AND THOSE
PROPERTIES ARE FOR SALE: YOU CAN BUY ONE.
AND THEREBY PAY THE PRESIDENT, ANYTHING YOU THINK HE MIGHT WANT
TO BE PAID. THE VOLUME OF REAL ESTATE
CREATES AN EXTRAORDINARY AND UNPRECEDENTED POTENTIAL FOR
PEOPLE, CORPORATIONS OR FOREIGN TROSZ TRY TO INFLUENCE A
PRESIDENT. ANYONE WHO WANTED TO COURT FAVOR
WITH THE PRESIDENT COULD SNAP UP MULTIPLE PROPERTIES OR
PURPOSEFULLY OVERPAY. THEY COULD ALSO BUY IN THE NAME
OF A SHELL COMPANY MAKING IT IMPOSSIBLE FOR THE PUBLIC TO
KNOW WHO WAS BEHIND THE SALES. EVEN IF THE ADMINISTRATION HAS
DECIDED IT'S OKAY FOR THE PRESIDENT TO KEEP HIS BUSINESSES
INTERESTS GOING ON GOING WHILE HE'S STILL PRESIDENT, EVERYBODY
AGREES BECAUSE OF THE CLEAR LANGUAGE IN THE CONSTITUTION
ABOUT THIS HE REALLY CAN'T TAKE ANY MONEY FROM FOREIGN
GOVERNMENTS OR FOREIGN OFFICIALS.
THE PROBLEM IS THANKS TO THESE REAL ESTATE HOLDINGS, THAT MAY
VERY WELL ALREADY BE HAPPENING. THIS "USA TODAY" INVESTIGATION
TIENDS THAT ROUGHLY HALF THE SALES HE HAS MADE SINCE BECOMING
PRESIDENT, THEY WEREN'T TO NAMED PEOPLE YOU COULD CHECK OUT TO
MAKE SURE THEY'RE NOT FOREIGN GOVERNMENTS.
THEY WERE TO LLCs WHICH ARE TO HIDE THE IDENTITY OF THE PERSON
MAKING THE PURCHASE. THE REVIEW OF SALES OF TRUMP
OWNED REAL ESTATE FOUND DOZENS OF TRANSACTIONS DURING AND SINCE
THE CAMPAIGN INVOLVING BUYERS WHO HAVE BUSINESS IN OR
CONNECTIONS WITH FOREIGN COUNTRIES, OR ARE SHIELDED BY
PURCHASING UNDER THE NAME OF AN LLC.
NOW, SO FAR "USA TODAY" SAYS NONE OF THE SALES THEY REVIEWED
APPEAR TO BE ABOVE MARKET VALUE, BUT IMAGINE SOMEONE WANTING TO
PAD THE PRICE A LITTLE BIT TO FEY PRESIDENT A LITTLE BIT.
BECAUSE IT'S NICE FOR THE PRESIDENT TO OWE YOU A FAVOR OR
AT LEAST TO THINK CANINELY ABOUT YOUR TRANSISTOR BECAUSE YOU ONCE
SLIPPED HIM A FEW MILLION DOLLARS.
REMEMBER THE RUSSIAN OLIGARCH, THE FERTILIZER KING?
THE ONE WHO BOUGHT THE MANSION IN PALM BEACH?
TRUMP GOT THIS PROPERTY IN 2006 FOR JUST OVER $40 MILLION.
HE BARELY TOUCHED IT, NEVER MOVED IN, BUT A COUPLE YEARS
LATER HE SOLD IT TO THE FERTILIZER KING, THIS RUSSIAN
OLIGARCH GUY, FOR NOT $40 MILLION $100 BILLION.
IF YOU TOOK $60 MILLION OFF SOMEONE IN A SWEET TRANSACTION
LIKE THAT, YOU MIGHT REASONABLY BE THANKFUL FOR THAT PERSON FOR
ALL THE FREE MONEY. WHEN THE FERTILIZER KING THING
HAPPENED, DONALD TRUMP WASN'T PRESIDENT.
NOW HE IS. AND RIGHT NOW HIS MANY
PROPERTIES ARE YOURS TO BUY IF YOU WILL LIKE TO GIVE HIM MONEY

Donald Trump Real Estate A Potential Means To Pay Money To A President | Rachel Maddow | MSNBC

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