Tuesday, February 15, 2022

Mazars: It's Not Us, It's You

 

There's a little joy in reading this "Dear Donald" letter only once you really entertain the implications: Mazars is saying we relied on information the Trump Organization provided to us and after looking at everything in a new light, we can't stand by the financial statements that lending institutions were basing their estimation of your financial ability to pay loans back on. They have apparently also turned over more than a half million docs to the NY AG's investigation.

Turning it over a little further, the Trump Organization has to find accountants that will want to deal with a sprawling business that seems to have multiple sets of books, and lend their reputation to sorting out Trump's. That could be a problem, you think?  Even if current loans weren't in jeopardy, refinancing them in case several were about to come due in the near term could be an issue, perhaps? 

This is the sort of thing that should have been obvious in 2016, if not before: Donald Trump is financially corrupt and corruptible and had come to use foreign lenders more often.  Does he separate his own financial interest from the interest of the US? Can he make that kind of moral judgment?

Who knows if his secret document stash was a kind of collateral for potential foreign investors, so to speak?  That this person was ever in the White House will never not shock me.

That he is still considered a GOP leader and likely 2024 front-runner is a disgrace.



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