New York Attorney General Letitia James faces imminent indictment as a grand jury issues subpoenas in a mortgage fraud case involving alleged power of attorney errors and residency misrepresentations. While James previously sued Donald Trump over inflated Mar-a-Lago valuations, the host argues her current legal standing is precarious given an ongoing appeal and potential DOJ investigation into her own conduct. Amidst Elon Musk's departure from the administration, this scrutiny highlights systemic risks where regulatory overreach could backfire, suggesting that even high-profile enforcers are not immune to federal fraud allegations. [Automatically generated summary]
Transcriber: CohereLabs/cohere-transcribe-03-2026, Qwen/Qwen3-ForcedAligner-0.6B, sat-12l-sm, and large-v3-turbo
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Letitia James Seizes Power of Attorney00:05:20
And we're live.
Major developments happening.
I don't normally come to you on the weekend like this, but we're getting word that there's a lot going down with Letitia James as early as this week.
So important to bring you up to speed if you would.
We also have that Supreme Court ruling, which is a very, very big deal.
Elon Musk is leaving the administration, as you know.
And the left is kind of worried that he's not totally, totally, totally, fully, completely gone.
Jasmine Crockett going on to MSNBC expressing these concerns.
Meanwhile, others are concerned about just exactly how he got that black eye.
He elaborates on that.
I'm going to take you to some of that sound.
Lots going on at this moment as, by the way, Biden comes out and says, you know what?
He'd do it all over again.
He has no regrets whatsoever.
Donald Trump saying, I don't have a whole lot of sympathy for him right about now.
And Josh Hawley, meanwhile, over in the Senate saying, we need to get to the bottom of what went down.
Oh, the black eye I told you about.
He's going to elaborate.
Welcome to the program, everyone.
It's so good to have you here.
Make sure you subscribe if you haven't.
I've got some really good news.
I actually just found out.
This week we're in the top 100 podcasts, but apparently we've been in the top 100 ever since YouTube started coming out with this list a few weeks ago.
So I saw some Google alerts.
I wasn't quite sure what was going on.
So, you know, I'm catching up to speed here.
We have been consecutively in that top 100 and we hope to continue climbing that ladder higher and higher and higher.
So do your part, subscribe, share, like all that good stuff.
It means a lot.
I'm here because of you.
And you are here because you are getting the truth and nothing but the truth, right?
Welcome again.
Good to have everyone here.
We begin on Letitia James because this is kind of just an amazing, amazing story, if you would.
It's been amazing from the very beginning.
Obviously, her coming out with Donald Trump, trying to go after him for this quote unquote mortgage fraud.
It was a private transaction, I should point out, between Deutsche Bank and one Donald Trump.
And so for her to come in there and try and muscle her way in and suggest that there was fraud going on because apparently he inflated.
In her estimation, the value of Mar-a-Lago, I want to repeat that the valuation of Mar-a-Lago is obviously incredibly subjective, right?
Anytime you're dealing with a real estate transaction, beauty's in the eye of the beholder.
Until you actually sell the place, you don't know its true value.
But for her to suggest it was worth what, $18 million?
For goodness sakes, give me a break.
You know what, Letitia, that's why you are a politician, I suspect, and not actually in business of any kind.
Scott, thank you for the generosity.
Much, much appreciated.
It is great news, right?
That we keep climbing in these numbers.
Just incredible, incredible, incredible news.
But Letitia James is now going to be going down, going down in history because she's basically done, ladies and gentlemen.
This indictment is coming any moment this week.
I'm hearing it could happen.
It could happen this week.
The grand jury has already just issued these subpoenas.
And so people are going to have to come forward.
They're going to have to testify as to what she did or did not do.
Take a look at this.
Remember her comments when she was so excited because she had donald Trump exactly where she wanted him, you know, allegedly is the judge like coming out and saying, okay, you're going to have to pay $500 million.
I'll believe that when I see it because that case is on appeal.
And I'm getting a little annoyed because those judges have not come forward with the verdict, which in my estimation will be actually throwing the whole thing out of court.
Maybe they're holding it over his head.
But she did say something kind of interesting.
When powerful people cheat to get better loans, it comes at the expense of honest and hardworking people.
Everyday Americans cannot lie to a bank to get a mortgage to buy a home.
And if they did, our government would throw the book at them.
They simply cannot be different rules.
We cannot have different rules for different people.
Now Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud because no matter how big, rich, and powerful you think you are, no one is above the law.
You know what, Letitia, this is going to come back to haunt you in an epic and poetic way.
Let's go to the head of the Federal Housing Authority who was one of the first to notice this.
By the way, I should point out that the FHA Or rather, I think it's Fannie Mae is going to be bringing in Planeteer, which is a technology company, to try and look at these mortgages and uncover more fraud.
But they found it with her.
They found it, or they allegedly found it, I should be careful to say.
And it doesn't look good.
Here he is.
Recommended that the DOJ investigate New York Attorney General Leticia James over alleged mortgage fraud.
The AG, Leticia James, has responded.
We don't have the video, but here's the quote This investigation into me is nothing more than retribution.
It's baseless.
It has to do with the fact that on a power of attorney, I mistakenly indicated that I was a state of Virginia resident.
And prior to that, I indicated to the mortgage broker that in fact, in bold cap letters, that I am not a resident of Virginia and never will be.
They just took the power of attorney and they're using that as a basis for enforcement of their investigation.
Bill, do you know why she said she was a resident of Virginia on the power of attorney, if in fact she wasn't.