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Left-Wing Rag POLITICO's Fake Story Collapses ... Like Most MSM Stories
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<blockquote data-quote="Old Man Jingles" data-source="post: 4468479" data-attributes="member: 18222"><p><span style="font-size: 22px"><strong><a href="https://www.newsbusters.org/blogs/nb/tim-graham/2020/04/26/politicos-fake-trump-owes-tens-millions-bank-china-story" target="_blank">Politico's Fake Story Collapses: 'Trump Owes Tens of Millions to Bank of China'</a></strong></span></p><p>Politico reported Friday that Trump owes millions to the Bank of China for a loan financing a building located at 1290 Avenue of the Americas in Manhattan.</p><p></p><p>The story said that the president would have to pay tens of millions of dollars to the communist-controlled banks because the loan was coming due shortly, which it hyped as “unprecedented.”</p><p></p><p>There's a big problem with this. President Trump is not the debtor and Bank of China is not the creditor on the loan. Trump is a minority partner in Vornado Realty Trust, which took out the loan, and is not liable for the repayment. The Bank of China was one of a consortium of lenders in 2012 that provided $950 million but sold its interest 22 days later.</p><p></p><p><strong><span style="color: #ff0000">Can you come up with other completely FAKE NEWS stories against Trump and the Republicans?</span></strong></p></blockquote><p></p>
[QUOTE="Old Man Jingles, post: 4468479, member: 18222"] [SIZE=6][B][URL='https://www.newsbusters.org/blogs/nb/tim-graham/2020/04/26/politicos-fake-trump-owes-tens-millions-bank-china-story']Politico's Fake Story Collapses: 'Trump Owes Tens of Millions to Bank of China'[/URL][/B][/SIZE] Politico reported Friday that Trump owes millions to the Bank of China for a loan financing a building located at 1290 Avenue of the Americas in Manhattan. The story said that the president would have to pay tens of millions of dollars to the communist-controlled banks because the loan was coming due shortly, which it hyped as “unprecedented.” There's a big problem with this. President Trump is not the debtor and Bank of China is not the creditor on the loan. Trump is a minority partner in Vornado Realty Trust, which took out the loan, and is not liable for the repayment. The Bank of China was one of a consortium of lenders in 2012 that provided $950 million but sold its interest 22 days later. [B][COLOR=#ff0000]Can you come up with other completely FAKE NEWS stories against Trump and the Republicans?[/COLOR][/B] [/QUOTE]
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