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Sept. 23, 2022 - Sean Hannity Show
33:37
President Trump - September 22nd, Hour 3
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This is an iHeart Podcast.
All right, news Roundup Information Overload Hour.
Tollfree, our numbers, 800-941 Sean.
If you want to be a part of our program, don't forget a full hour with President Trump tonight on Hannity on Fox News.
We spent a lot of time with the former president yesterday.
Also yesterday, the New York Attorney General, Letitia James is claiming that Donald Trump, the Trump organization, used false, misleading statements repeatedly and persistently to use and induce banks to lend money to the Trump organization on favorable terms.
In other words, then she goes into this whole thing about how they would put out fraud and misrepresentation of their annual statements of the financial uh condition.
So usually when you get a loan, people are looking for things called collateral.
In other words, if in fact you stop paying back your loan, we have the right to take this property, this property, this piece that you own, that piece that you own.
In other words, things that you own outright, or write to your bank account, whatever it happens to be.
And what she's missing here is whoever is lending that kind of money to any organization, it doesn't matter.
That they would all have a financial fiduciary responsibility to do their own valuations.
In other words, I'm sure many of you have at some point purchased a home.
Um you hire somebody that makes an assessment on the value of what your home, what your property happens to be.
It's a it's a cottage industry, and every single financial um uh deal that I've been a part of that involves, you know, okay, a mortgage, they check out your finances in great detail.
That's on them before they lend the money.
They're on the hook for it.
They've got to make good decisions.
They owe it to their shareholders.
They owe it to the people that put the money in the bank that they're not going to misappropriate that money because of uh quote friendship or whatever it happens to be.
I mean, it's kind of crazy.
And then the other side of this is we have an attorney general in New York, and I don't really know Letitia James, but she campaigned heavily on the idea that she was going to go after one man, one family, and one organization.
And she said it repeatedly, and yesterday she fulfilled what is her campaign promise.
I will never be afraid to challenge this illegitimate president when our fundamental rights are at stake.
I believe that the president of these United States can be indicted for criminal offenses.
Oh, we're gonna be able to assume we're gonna be a real pain.
That man in the White House.
Who can't go a day without threatening our fundamental rights?
Yes, we need to focus on Donald Trump and his abuses.
We need to follow his money.
We need to find out where he's laundered money.
We need to find out whether or not he's engaged in conspiracy.
Okay.
The only problem is it may play well in liberal New York, and maybe even before a jury in New York, I don't know.
I wouldn't trust the jury in New York or the District of Columbia myself, if you're a conservative.
However, when you get to the reality of what this is all about, is whenever you borrow money, the lending institution has their own rules that govern the allocation of money lent to people.
And they've got the responsibility.
It's really on them.
Anyway, here to weigh in on the legal aspects of all this.
Greg Jarrett, host of his own podcast, The Brief, and of course, number one New York Times bestselling author.
David Schoen is with us, civil liberties attorney, former counsel for President Trump.
Uh welcome both of you to the uh program.
Uh Greg, I read your column, New York AG lawsuit against Trump should be dismissed as politically punitive and an unethical abuse of power.
I mean, if you campaign on going after one person, the way that she did, how does she get to be involved in anything involving Trump?
Wouldn't you have the need, the ethical need to recuse yourself?
Oh, absolutely.
It's an automatic disqualification.
And And Trump's legal defense should move to have her disqualified and in fact have the case dismissed.
When she was running for office, she vowed to exploit the immense power of her office if she won to investigate and prosecute Donald Trump.
She was not privy to any evidence or documents showing that he had violated any laws.
But that didn't stop her from accusing Trump of defrauding Americans, money laundering, obstruction of justice, conspiring with Russia.
She publicly denounced him as an illegitimate president.
She constantly repeated her campaign pledge to take him down.
Now that's a direct violation of the code of conduct that governs prosecutors in New York.
Their duty bound to be fair and impartial.
And the decisions of a prosecutor, the attorney general, cannot be driven by political uh bias.
Even the appearance of a conflict is grounds for disqualification.
And so her own words will come back to haunt her.
They are incriminating, and the basis for not just disqualifying her, but dismissing the case.
David Schoen, uh isn't it up to the lending institution, bank, financial institution, whatever.
Isn't it their responsibility to do their own vetting and valuations and not take the word of somebody that wants to borrow large sums of money?
Absolutely.
You said it absolutely correctly.
And in legal terms, I think the a factor and an element here that it goes to is materiality.
First of all, in these appraisals, they're all across the board.
Even a graphic they showed in this matter showed a valuation of one place from between 16.5 million to 100 million dollars.
They vary across the board.
All of these lending institutions.
Now, look, they have their own interests.
They want to jack up transaction fees and all of that, but that's not uh President Trump's problem or fault.
And Greg is right on with this complaint about this uh Miss James.
She has absolutely no business being a prosecutor, uh attorney general of any state in our system.
It demeans the entire justice system.
You know, Andrew Cuomo, of all people, has written a 48-page ethical complaint against her based on her conduct in his case.
And again, public comments and that sort of thing.
Uh she's a politician who happens to be a lawyer and became uh attorney general.
There's no it undermines the integrity of the system.
And by bringing these charges now, the timing is not coincidental.
It's election directed and that sort of thing.
She undermines, if there were any merit to the charges, she undermines all of that also by her statements and by the timing of the matter.
She loses at least half the country in belief in any merit to any of these allegations.
And they are just allegations, by the way.
You know, Greg, I look at this, and and anybody listening right now that has ever purchased a home, you get before you can get a loan, you will usually hire an appraiser, and they'll make their own valuation, what they think the property is worth.
Anyone that's ever looked on Zillow, for example, uh, they do valuations, what they think a property is worth, or the range of what they think the property is worth in.
Um all of this is standard operating procedure on little tiny small real estate transactions, not even big buildings and you know skyscrapers like you have in New York City.
Yeah, you know, um you don't get the loan from the bank when their appraiser comes in and says the fair market value and the purchase price is well below the uh uh or well above the appraised value.
So um look, banks conduct their own due diligence.
They use separate appraisers, accountants, lawyers, uh, to approve the loan.
They go into uh with a loan of this size, tens of millions of dollars for these various loans, and they go through Trump's financial statement with a fine-tooth comb to find any uh holes or fraud in it.
And you know, uh in a case like this, uh the plaintiff, the attorney general, has to prove that there's a victim who was harmed in some economic or non-economic manner.
There's no victim here.
Just the opposite.
The banks who loan Trump money, not only that made money and c pardon me?
They made money.
Oh, yeah.
They they profited handsomely from the transactions.
They were repaid with substantial interest.
They never sued Trump.
Why?
Because they were never harmed.
And you have to prove harm in Letisha James's case.
Civil fraud is not a victimless offense.
All right, quick break.
We'll come back more on the issue of Letisha James and her civil suit against Trump and his family with attorneys David Schoen and Greg Jarrett on the other side.
Part two, my interview with Donald Trump from Mar-a-Lago yesterday.
We literally taped two full shows.
Anyway, coming up tonight, set your DVR, Hannity Fox News will continue.
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All right, we continue with attorneys Greg Jarrett and David Shoner with us regarding Letitia James and the civil suit against Donald Trump and his family.
So what what happens with this?
And this is a problem that David Schoen that we have in our justice system, and that is called jurisdiction.
For example, I wouldn't want any Republican or conservative.
I don't think they can get a fair trial in the District of Columbia, for example.
I don't think any conservative or anyone with the last name Trump is going to likely get a free and objective and fair jury when it comes to any New York City courtroom, knowing Democrats outnumber registered Republicans nine to one in New York City.
And that's you're 100% right, and it's not coincidental.
That's exactly why someone who you know is looking to make her name brings it in New York like this.
Listen, you know what?
The relief that she's seeking is telling.
She wants it to be on the map.
So she wants the court now to bar Trump and all of the others from ever doing business in the state of New York again.
She's trying to mirror what Congress tried to do with the impeachment, bar him from ever holding office again, and their constant efforts along those lines.
Can you imagine how many jobs and how much revenue the Trump organization and all of these other people associated with it have given to the state of New York in the past, but she doesn't care about that.
She's playing politics in this thing.
Um it's absolutely demeaning.
Another telltale sign, even Bill Barr has come out in support of uh President Trump in this case, and the usual characters who attack him like a norm Isen are already writing about, you know, this is the end, this is the final straw, and so on.
And it's all politics based around the election time.
But they have said this every single time with rush starting with Russia, Russia, Russia.
It never works out the say the way that they say it will, Greg Jarrett, as you well know.
And the reality is now Trump and his family and all the entities involved and his kids, I mean they're going after this guy's kids.
Uh now they're gonna have to spend a fortune on legal fees to fight back against this.
And at the end of the day, they're gonna end up spending millions of dollars defending what is a frivolous, you know, ch civil suit against them uh with the risk that you get a bias jury on top of it.
Yeah, they're counting on a New York jury much the same way as the DOJ counts on Washington jurors who hate Donald Trump.
This case is utterly without merit.
220 pages long, and every single page is garbage under the law.
It's frivolous.
And it's politically punitive.
It's grossly unethical.
But the you know, uh, Letitia James is counting on a I hate Donald Trump jury.
Uh and you know, you put up the other night, I think 30 some odd investigations that Trump has had to endure.
This is yet another one.
And you know, I think part of the ploy here on his opponents is to just drive him to run out of money just defending his innocence.
You know, how do you think this ends, David Shonen?
What would you recommend President Trump do from here and his family do from here?
Listen, they you know, uh like in every lawsuit, you know, some effort to settle the case.
She she's not interested in that.
She is interested in headlines.
She's interested in being the person to take down Donald Trump.
He's gonna fight it.
He's got to fight it.
And in this case, he can fight it on the numbers, he can fight it on the industry, he's gonna bring in experts who will show the industry works exactly as you described it.
And again, this all goes to materiality of representations made, um, who suffered losses.
She uh at the end of the day, one has to hope that this is one more uh step, and the public just rising up and saying, enough is already too much.
By the way, what are the odds that Donald Trump now, maybe he would have said to his accountants or financial experts, well, I think this is worth a lot more than you're saying, or some some comment like that.
I could I could see that happening.
Uh but the bottom line is I doubt he's the one filling out the loan application himself and making the valuations himself.
It's got to be based on some type of rationale or reasoning.
And it's totally subjective.
I mean, if you really love your house, you might think it's worth two million dollars, but the real market value might be a million.
But you love your house.
It's worth two million.
No, it's worth a million.
Yeah, remember that that's a critical point that you've made.
And in fact, this this business of, you know, assessing values on real estate is so subjective.
I mean, the the the swings can be wild.
But you know what's very telling, go down to the prayer of this lawsuit.
Letia James doesn't ask for damages.
Why?
Because there are no damages.
Nobody was injured, nobody was harmed.
And that blows a hole right through her case because, as I pointed out, in a civil case based on fraud, you have to prove that someone was harmed.
There is no harm.
So just another reason to get the IRS to investigate him again, and another investigation ensues.
Unbelievable.
They'll have eighty-seven thousand more agents to uh involved in doing so.
So we'll see what happens.
All right, David Schoen, thank you.
Greg Jarrett, as always, thank you.
Get your dose of independence and liberty every weekday right here on The Sean Hannity Show.
All right, 25 to the top of the hour, 800-941 Sean, if you want to be a part of the program.
As you know, I was down in Palm Beach yesterday, and I did not expect to go what I was with President Trump about two hours yesterday.
Gave us a lot of time.
We have another full hour of programming, um, and we spent all the time yesterday pretty much on the issues of the rate of Mar-a-Lago and this breaking news issue with Letitia James and got into great specificity.
So I thought I'd play at least that part of it here so you you can kind of hear the conversation as it went along, his responses to it.
That it's interesting.
The media mob wants to ignore a lot of it.
But listen.
You saw the Letitia James terror.
Terrible.
Okay.
What was your reaction?
Well, she campaigned on it four years ago.
It was a vicious campaign, and she just talked about Trump and we're going to indict him, we're going to get him.
She knew nothing about me.
I never heard of her, but I saw this woman.
I saw the statement she was putting out without knowing anything.
And she said, we're going to get him.
That her whole campaign was based on that.
And uh then she came after us.
We've been going over this for years.
And I actually thought, because our values are really high, the company is great.
I built a great company.
You take places like this, so many other places that I have like this, frankly.
I mean, just the the f among the finest places anywhere in the world.
I actually thought that they would never bring a case, and she brought it.
And the reason I thought, because she didn't have a case.
Uh I was of the impression she wanted to settle, but I had a problem because how do you pay something, even if it's a small amount of money if you're not guilty?
This was just a continuation of a witch hunt that began when I came down the escalator at Trump Tower with our who would know, our great future first lady who's done a great job and people love her.
But we came down the escalator and it started.
But I'm so proud of what we did.
We had the strongest border in the country, we had the biggest tax cuts and regulation cuts, we had the best employment ever in the country, we're energy independent.
We did things that nobody ever thought possible.
We would have been energy dominant throughout the world in a very short period of time, much larger than Russia, much larger than Saudi Arabia put together.
We were all set.
And then they came along and they just dismantled that.
They wouldn't finish the wall.
The wall was completed, the original section was completed.
I said, let's do more.
We did more.
He could have had that finished in three weeks.
And now you have millions and millions of people pouring through.
We had the strongest border in history.
And by the way, that included drugs, too.
We had drugs down 19% from what they were the previous year and 20% from what they were that previous year.
We were doing great, and now the drugs are pouring into our country at a level that nobody's seen, and the people, they're emptying out their prisons into the United States.
Let me go back to Letitia James.
Did you ever in your life fill out a loan application when in Trump organization?
Well, you know, we make loans, but I have very little debt.
You know here's what I want to tell you what you're talking about.
And Sean, I might I might add one thing.
They've demeaned me for years with this stuff.
And now they find out I have very little debt, very, very little, a lot of cash.
We have a great company, and we have among the best assets anywhere in the world.
But I went through, they were demeaning me, you know, constantly, these people.
I was told that in your financial statements, when you make a loan application, and you can confirm or if you know this or not know this.
Do you put in a caveat that actually says these are our valuations?
Yeah.
Because I don't know a lending institution, a bank, a financial institution that would lend money to anybody and just go by the borrower's estimation of valuation of a particular property.
So if you're buying a hundred million dollar property and you're putting X, Y, and Z up for leverage, you estimate its value at this, they estimate it at this.
Don't they have a fiduciary responsibility before you they give you that amount of money?
So what they do determine what the value is.
First of all, these are banks that have the best law firms in the world, the biggest and best and most powerful.
They do their own work.
They don't rely on us, but what they do is we have a disclaimer, and we put together my people put it together.
I would look at it, and it looked fine, but it's not overly important.
What's important is the property.
I have the best property.
What happened, Sean, is we have a disclaimer right on the front.
And it basically says, you know, get your own people, you're at your own risk.
Uh this was done by management.
It wasn't done by a it was done by management.
So don't rely on the statement that you're getting.
And it's and by the way, it goes on for like a page and a half.
It's a very big disclaimer.
It's a very powerful disclaimer.
It basically says to an institution, you're gonna loan money, you have to go out and make sure that you know you get your own appraises, your own lawyers, everything.
These are banks that have the best lawyers in the world, Sean.
This is the only case by the way, that got paid back.
Just so you know.
Nobody got harmed.
I never got a default note.
I paid them back because that we have a lot of cash.
I paid them back, I paid so many of them off.
I have very little debt, unbelievably little debt.
So here's so there was no harm, no faint, they didn't lose money.
So you told every institution what you believe the valuation is, they have a fiduciary responsibility before they give you a hundred or two hundred or three hundred million dollars to uh buy a property, they have that responsibility to come up with their own valuation because they've got their own bosses and shareholders that they have to answer to.
So they would look at a property like this.
I don't even have a mortgage on this property, I don't have a mortgage on most of my properties.
You know, I used to read where I was overextended, and he had so much money, borrowed.
And I'm saying, what are they talking about?
But and actually, the one good thing is people see what a great company I built.
I built a great company, a powerful company, a company that's very lowly leveraged, with the among the best assets anywhere in the world.
I mean, you look at this asset, she has this down at 75 million dollars.
I can tell you it's many times that number.
She said, Oh, he valued it at 75 or whatever it was, or she valued at 75.
What is Letitia James know?
But if I were going, I don't have a mortgage on this property.
If I was going to put a mortgage on this property, the institutions are going to be coming over, they're going to go through comparable properties all over Palm Beach or whatever it is, wherever it may be, Miami.
We have them all over.
We have tremendous properties.
And again, we have very little debt.
The debt we did have, it was it was paid, current.
The banks made a lot of money.
She's trying to defend banks that got paid off.
She's trying to defend banks that had unbelievable legal talent.
I will tell you that.
They're very good.
You you don't there's no loan that you can think of where they didn't do it do their own valuation, their own vetting, their own financial assessment.
All right, let me know.
By the way, they have people in-house that do it too.
Right.
But you can't just say, you know, here's a financial statement.
But what we do is here's a financial statement, but be careful, because it may not be accurate, it may be way off.
I mean, we we go, it's I think it's close to a page and a half of all of these things.
Get your own people, use your own appraisers, use your own lawyers, don't rely on us, and then she sued us.
Now, again, I didn't think this would ever happen because they had no case.
I met with them.
I actually thought they wanted to settle, but I didn't want to settle because how can you even if I paid a very small amount, you're sort of admitting guilt.
Did she offer you a settlement deal?
I could have said my opinion I could have settled the case.
They said something strange is happening at Mar-a-Lago.
There are people standing at the gates with 8K-47s or some kind of a very sophisticated gun.
And what's happening at Mar-a-Lango?
And when I heard that, I said, well, let's put out a notice that we were attacked or raided or broken in by the FBI.
I was I couldn't believe it.
In January of this year, the National Archives Record Administration, I guess they had been negotiating or they came and got 15 boxes.
My understanding is that they sent you a letter thanking you and your team for their cooperation.
They actually thanked us, yeah.
They thank you.
Okay.
And then in so at that point, what was your involvement in the process?
Did you ever not much of an involvement other than we had boxes?
And again, many of these boxes had other things, you know, many, many newspapers, literally massive amounts of newspapers and pictures.
But there were a lot of boxes for a lot of different things.
But they actually wrote a letter, thank you very much for your cooperation effectively.
And we were doing that, which is exactly what we're supposed to do based on the Presidential Records Act.
And Sean, we were doing that.
And we continued to do it, and then we got hit by we got it was really a break in by the way.
Is it because it was so voluminous, the number of you know papers?
Well, it was actually pictures of it.
Actually, you have pictures of it.
Uh, pretty much, I think many pictures, of people, I think they were GSA, mostly people, some people in the White House, standing outside of the White House.
Other people were coming up and taking pictures.
If we wanted to do this, we'd do it through the basement and we wouldn't let anybody take pictures.
When you left the presidency, gas was uh $2 and like 20 cents a gallon.
Well, it was now double.
You have to go back to the date of the election.
So you go back to November 3rd.
Don't go back to January 20th.
It was it was less than $2, but during that period, it was $1.87, and during that period it was also $1.50.
We had gasoline.
I mean, it was incredible what was happening.
So our borders were secure, gas was cheap, energy was cheap.
You leave office, the consumer price index, the inflation measure, is what, 1.4 percent.
Now we're what, seven months in a row at 8.4 percent.
They're artificially.
I filled up the strategic reserves when oil was cheap.
I bought 75 million barrels at a very, very cheap price, filled it all up right to the top.
First time it happened in 50 years where it was filled to the top.
And they've taken that and they're giving it to people.
It's supposed to be meant for war and for the military.
They're giving to people to keep the oil prices down before an election.
That's where it's being used.
When the election is over, uh gasoline will go through the roof.
All right.
And so will your heating bills, so will your electric bills.
The thing about it, I mean, what puzzles me, and maybe you can answer it.
I can't figure it out for myself.
But okay, we have more energy resources, hundreds and hundreds of years of natural gas and oil and coal in this country.
You make for the you got us to energy independence.
That was the first time in 75 years.
You left office.
We were a net exporter of energy.
I would argue, especially in light of Putin cutting off Western Europe, that we should be use the word dominant.
We should be energy dominant and providing Western Europe with their energy needs.
We were soon going to be dominant.
We would have been the most dominant in the world.
We would have been supplying all of Europe.
We would have been supplying China.
We would have been supplying every with 500 years right under our feet.
Yeah.
Okay.
So Western Europe makes a mistake that I think we're about to make.
And that is they gave into the climate alarmist religious cult, I call it.
Right.
And they became dependent on Vladimir Putin, hostile actor, hostile regime.
You knew him well.
And as a result, Germany was announced yesterday and Italy, so dependent, a hundred and seventy-four percent increase in their heating bills anticipated this year.
Which I said would happen.
Thirty percent of people's yearly income will go to heat people's homes.
There are real reports and fear that people will die and freeze to death in Europe this winter because Putin has cut them off.
It's true.
So we have all these resources.
So explain this to me.
Why is it okay to get oil from Iran?
Biden's trying to make a deal.
And by the way, last year when nobody was looking, he imported a million barrels, 674 million from Russia last year.
He's been begging OPEC to increase production.
They reject him every time.
The Saudis have rejected him.
Yep.
He sent an emissary to Venezuela.
Why would we ever make those countries wealthy and rely on them for the lifeblood of our economy, especially in light of what we've seen in Western Europe, because their dependency problem is now destroying their economies.
So listen to it's sort of it's not to me it's not complex.
We are making Putin rich as he does his war thing.
He's making money over and above because it's so expensive barrels of oil right now.
If we have a reduced oil, he's gonna have to stop.
You don't even have to negotiate.
The deal would have never happened.
That that horrible war where hundreds of thousands of people probably are dead already, but there wouldn't be a lot of people.
I know it wouldn't have happened.
Tell me why.
I used to talk to him about it because he knew that I was going to take tremendous retribution, or he felt that way, whether it's 10 percent or 5 percent.
Did you tell him in no uncertain terms you would?
Uh I'd rather not say, but the answer is yes.
All right, so that was President Trump yesterday down in Mar-a-Lago.
Um we got another full entire show with him.
He spent a lot of time with us.
We you know, those it it took so much time going over the rate of Mar-a-Lago and Letitia James that we just kept talking about the upcoming election now in 47 days and his position on issues and how Republicans can win and what the arguments ought to be, what the agenda needs to be.
Um we got a lot of ground to cover.
Well, part two on Hannity tonight, set your DVR 9 Eastern on the Fox News channel, and uh we'll run that tonight.
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We'll be right back.
All right, that's gonna wrap things up for today.
As I said, we spent a lot of time with President Trump yesterday, mostly last night's interview dealt with Latisha James and of course the raid at Mar-a-Lago.
Uh, tonight we talk about the state of the country.
We talk about substance, we talk about energy, we talk about the economy, we talk about borders, we talk about Putin.
You name it, we touch on it.
Nine Eastern, Hannity, set your DVR, Fox News.
We'll see you tonight, back here tomorrow.
As always, thank you for making this show possible.
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