RADIO

New York SUES Trump ... over THIS?

After years of investigations, including by intelligence agencies across the world, New York Attorney General Letitia James is suing former President Trump ... for allegedly misleading banks. If that's all they could accuse "the most investigated person in the world" of, Glenn says, then that's not half bad. Glenn reviews this latest attempt to take down Trump and wonders if this insanity will ever end...

Transcript

Below is a rush transcript that may contain errors

GLENN: So we know -- we know the attorney general from New York, Letitia James, has been investigating Donald Trump now for three years. Three years.

And here's what they've come up with. And she's going to sue. Now, she can't prosecute because it -- it has to be a civil suit. Because she didn't really find anything there, except, he might have been misleading the banks. Uh-huh.

Now, she is suing not only him, but his two sons and daughter. I don't know what they had to do with this. But she's going to get them. So she's filing a civil suit, that says, he lied -- no. He misrepresented his holdings to the banks. Now, he was going in for a loan. And Donald Trump does something that he never, ever does. I'm the richest, greatest person of all time. Yeah. That's how he represented himself. My apartment is the most beautiful, spacious, most expensive apartment of all time. Of course, I -- I mean, I have nothing to back that up. I'm not presenting. I'm just telling you right now, it's $300 million. It's great, fabulous. Okay.

All right. So what did the poor bankers do? The poor bankers, they had to believe that his apartment, there in New York, just down the street from the bank, that that apartment was worth $300 million. Because that's what he said.

Now, he said, again, that there was no appraisal done on it. But, I mean, what does that even mean? The word appraisal to a banker. They don't know what that means. And then they gave him the loan. What!

That's what she found. That's what she found.

STU: And then we should also mention back. He paid the loan back with interest. So they made a large profit.

GLENN: Yeah. Okay.

STU: That's the --

GLENN: Now, I know predatory lending was hang at the bank.

STU: Was it?

GLENN: No. No. You know, in '08.

STU: Oh, my God.

GLENN: Predatory lending. That was the big thing. Predatory lending was happening at the bank. Where they would just get this hapless dukes.

STU: They would hunt them down. Give them large portions of money, to give them things they wanted.

GLENN: Yes. Yes. Well, they didn't hunt them down. You would have to come into the bank and apply.

STU: But at some point, I'm sure, the person that wanted to borrow, ran out in fear. Because they didn't want the rates they agreed to. So they ran out, and chased them down in the streets. And held them down and made them sign.

GLENN: Correct. Fauci had to be involved in some way, or not. Because Fauci is a good guy. I'm forgetting which side we're supposed to be on now.

All right. So predatory lending.

Now, this is predatory borrowing. You're going into a hapless bank, and you're dealing with a hapless banker, who knows how good he is. You're just Donald Trump. You know. And you're going to your bank. And you have accounts there. And you're famous. And then who you are. So you're probably just getting whoever is next in line. You know, at the loan desk.

And -- and so he comes in. And he says, crazy things. That's what he tells the bank he says, these crazy things to the banks. And this poor banker, he doesn't know what's true, what's not. He doesn't have any way. Well, is his house really worth that? I don't know. I have no idea.

Hmm. Hmm. Especially when he says, there was no official appraisal done. That would mean, I'll break it down for the bankers that are listening. Us little folk, know about this. Before you buy a house. Or before you borrow against it, or whatever. There has to be an appraisal. You know what I mean?

I can't just walk into a bank and go, hey. My house is worth a billion dollars. They'll figure it out. But I about it to different banks, than someone like Donald Trump would go to, you know what I mean? They don't know how to figure that stuff out.

Here's the point of all: Three years of investigation. And this is what they have. I want to say the most incredible thing even to me, and I've said this to his face. Donald Trump is easily the most investigated human being in all of history. Maybe even more than Jesus!

Because they didn't have spy agencies back then. But they have investigated this guy, with guaranteed every intelligence agency in the world. Our FBI, our CIA, NSA, MI5. All of them, I think even the gestapo came back and were like, I'm dead. But I think maybe we should investigate him, because I hate him. He's given us Nazis, a bad name.

So everyone investigated -- and they -- they weren't like, hey. Just give me -- give me the scoop on this guy.

They were looking for things to bring him down. And this is what they have, or they have to make things up. Oh, he peed on a hooker. Huh. This is the amazing statement.

I think this guy may be the cleanest guy on the planet. I can say this. I think he is for sure, the cleanest guy, ever to be involved with construction, in New York. I mean, honestly. You know, so you want to build a building here?

I mean, oh, I would like to see this. Maybe the unions not coming to work today.

Don, I would like to help you, but just -- okay. Come on. We all know that happens. No, the mob isn't real.

We all know that happens. They can't get that on this guy. And he built buildings like in ten minutes. Maybe they're made of paper!

Maybe they're not even safe.

STU: I just can't believe we're going town this road again. Is this really happening again? How many times?

I feel like I'm watching the 900 parental DNA test on Maury Povich. It's like, how many times do we have to go through this?

GLENN: Okay. So let me -- let me turn it around for you. Because right now, I'm thinking to myself, when is anybody on the left going to understand? It ain't going to happen. It ain't going to happen. And it's not going to happen. Not because you don't want it to happen. Not because you haven't tried to make it happen. Not because you haven't looked hard enough. You've looked. At some point, you have to go, I can't believe I'm saying it. But the guy is clean. Okay?

And I think to myself, when I saw this, really?

Three years of investigation in New York! And this is all you can -- you came up with. Wow.

STU: She had to say something, right? She went through three years of investigation. She had to say something.

GLENN: Right.

STU: You know, we saw what happened in the other New York investigation. Where they said, yeah. We don't have anything. We're just going to stop. And that's a scandal. Like, if you don't come up with something, you're involved in a scandal. So you have to say something. She comes up with this. As you point out. There's these statements, were not audited at any point. You know, I just -- he got the loans, with a long-standing business relationship with most of these banks anyway. The loans came through. He paid them back with interest. They all --

GLENN: Boy, it's a boring story.

STU: It's a really boring story.

GLENN: And the way she presented it. She was trying so hard to make it exciting. It was really fun to watch.

GLENN: We have. Let's play a little bit of that. And then I have to come back and tell you what I learned about this.

VOICE: The complaint demonstrates that Donald Trump falsely inflated his net worth by billions of dollars, to unjustly enrich himself, and to cheat the system, thereby, cheating all of us.

GLENN: Wow. How --

VOICE: Mr. Trump, and the Trump organization repeatedly.

GLENN: Can you stop for just a second.

STU: The overpronunciation is just --

GLENN: Can I just ask you though. I don't think he cheated the banks by any stretch of the imagination.

Again, not audited. Nothing was -- nothing was legally binding here on what he said. That's him. That's what he does. Oh, you should see my heart. It's the greatest Honda ever. It's the most expensive Honda, you could ever buy. Come on!

So that's what he does. So there was no crime committed here. Let's just say there was. If there was, she would have been prosecuting him for a crime. So there's no crime here.

STU: But she turned it to other people, to let them prosecute it. That was her big step.

GLENN: Yeah. So let me ask you this, Stu. Let's dream a dream, that he did cheat the banks.

STU: Uh-huh.

GLENN: Isn't there -- I mean, I still think, I hope that it's less than 50 percent of me, but maybe not. That's kind of like, get them, Don.

Screw the big banks. This is -- kind of part of me is like, yeah. Good for them. Oh, you didn't catch that. You believed his apartment was worth 300 million --

STU: I mean, they -- one of the accusations is he listed it at something like 60,000 square feet. And it's really -- maybe 30,000 square feet. And it's only 11,000 square feet. Now, obviously, if they cared. You can look up, in property records, how big an apartment is. It's not hard to figure out.

GLENN: And how did -- how were we served an injustice?

STU: They're just reasoning -- right.

GLENN: He paid it off. The bank is happy. He's happy. Everybody is happy. He didn't break a law. What are you talking about?

STU: Now, she's saying, that she thinks he did break a law, and they're trying to get someone else to prosecute it.

GLENN: All right.

STU: But to be clear --

GLENN: But then how does his daughter get involved in that?

STU: I don't know. It's so stupid.

But, like, what I keep coming back to on a lot of this stuff, especially the stuff they keep trying to dig up on him, in New York.

Let's say all of this is true for a second. Let's say he misrepresented how much his properties were worth.

Like, what is the end of the story? The end of the story is, what? He pays a fine?

You guys are letting pedophiles out of prison every day. You guys are bailing out people burning down cities.

GLENN: Oh, yeah.

STU: You care about whether he misrepresented how much his apartment costs?

Are we really supposed to believe that?

GLENN: No, no, no. Try this. Try this.

Feds just charged 47 in an alleged scheme to steal $250 million from the pandemic food program.

STU: Uh-huh.

GLENN: This government was paying scammers 250 -- absolutely. We're -- we're making the greatest meals ever. I don't know. I think that's one you can point out, and say, yeah. There seems to be a real problem.

How about the people that used their PPP loan, to -- to bail out their business, that they didn't own, because they were in prison!

I mean, really? Really?

STU: How about this one? Because it goes back to her state. Letitia James' state. The Minnesota story, I think you mentioned was $240 million.

GLENN: Oh, sorry.

STU: 240.

The reason why I know that is because in New York, $250 million, were spent on tech to fight covid, that no one uses, including 8,555 ventilators, at a cost of $166 million, 1,179 x-ray machines for $86 million. They're now stacked in warehouses across New York, with no plans to distribute them, or put them to any immediate use.

I also --

GLENN: I need an x-ray machine. Remember?

STU: Oh, that's right.

GLENN: For my doomsday scenario.

STU: Your home surgery kit.

GLENN: I have a home surgery kit. And it's a little more upscale than Operation. The game. It's not by Milton Bradley. But I need an x-ray machine. How do I get me one of them?

STU: Because they are available.

How about -- remember when, in the middle of the scandal, in the middle of the covid stuff, Andrew Cuomo came out. Doing his big press conferences. And yelling at capitalists for charging too much for hand sanitizer on Amazon. Certainly this whole scandal?

GLENN: Oh, yeah.

STU: So he did this big show. All right. We'll make -- hand sanitizer --

GLENN: New York hand sanitizer.

STU: Right. With slave labor from prison camps. Which is basically what they said they were going to do. He said it smelled like lilac and hydrangeas. And he said, he was going to make all of this. Now, of course, we found out later, he didn't actually make the hand sanitizer. They only bottled it. The actual prisoners bottled the hand sanitizer.

What's the update on that story? What happened with all of that? Remember how -- because hand sanitizer wound up being available pretty soon afterward, as far as I remember. Here's the end of that story, ready?

New York is already starting to dispose of 700,000 gallons of expired hand sanitizer. In 2020. By people serving time in New York prisons. A process that will take 44 weeks to complete! By shipping a whopping 168 trailer loads 130 miles from Unica to Rochester at a cost of $2.3 million. It's going to cost them $2.3 million. To throw out the hand sanitizer they made after that press conference. Which was universally praised by the media.

GLENN: Unbelievable. But let's worry what happened to JPMorgan Chase. Because they believed this was the most beautiful, spacious, billion square acre apartment. In all of New York.

That's crazy. I mean, it is -- it's a mental disorder.

EXCLUSIVE: Chip Roy Explains His FIERY Rejection of Spending Bill
RADIO

EXCLUSIVE: Chip Roy Explains His FIERY Rejection of Spending Bill

According to the media, there’s a big fight going on between Republicans over the House’s new slimmed-down continuing resolution spending bill. Some, including President-elect Donald Trump, wanted the bill to pass. But others, like Texas Representative Chip Roy, argued that it still wasn’t ready. However, is the Republican “unity coalition” really crumbling, like the media claims? Rep. Chip Roy joins Glenn to explain what’s really going on. He argues that he IS trying to give Trump and DOGE a 100-day “runway” to fix the country. But he makes the case that, by increasing the debt ceiling by $5 trillion without agreeing on other cuts, this bill gives bad actors the ability to be an “obstacle” to Trump’s agenda further down the line. Plus, he reveals to Glenn that he believes some of these bad actors LEAKED false information about his stance to Mar-a-Lago.

Transcript

Below is a rush transcript that may contain errors

GLENN:

I think we have a great opportunity today. To show you how to have a -- tough conversation, with friends, friends. Where you deeply disagree on something.

But you know that their intent is good. They know my intent is good. Or our intent is good.

And we actually have the same end goal, but we disagree on the path. And we're going to walk away friends.

Chip Roy is joining us today. And, Chip, I love you. And I always will. And I agree with your, we've got to cut spending. We have to. But Liz Wheeler is with me. And we've been talking about it all morning. It's the -- the -- the -- the system of DOGE and Trump, the call-out to the world, in saying, you've got to surrender the Capitol. You know, the bad guys are in and about to take all the money.

Surround, and tell them, come out with your hands up. And that happened. And we scored a massive win, in an entirely new way.

Ask then you stood on principle, one we both agree with.

And it failed!

And so here's -- here's what Liz and I were talking about. Here's what we want to say to you.

And then get your response.

LIZ: Hi, Congressman Roy, this is the way I see it. I want your take on it. I love you. I think you're one of the best members of Congress. I disagree with you on the process that's happening. And I think that is the difference. The process. We elected Donald Trump to be a disruptor. Because Republican members of Congress for decades have been telling they're fiscal conservatives. They want to decrease the debt SEAL. It hasn't happened.

It hasn't -- it hasn't been done. And so Donald Trump comes in with Elon Musk, and uses this DOGE process to first identify these pieces of garbage in the first 1500-page bill. And take those things to the people. We took them to members of Congress. Congress said, okay. We'll listen to you.

So that new process was very effective.

And my question to you is: Once that process was proved to be effective. Which I think is exciting and wonderful.

How do we bridge this divide, with you, to say, okay.

Let's put some faith in this new process. And trust Elon Musk and Donald Trump and the Dow Jones process, to eventually address the debt ceiling, but get this done right now?

GLENN: And not blind trust. Chip.

CHIP: So appreciate you guys. Appreciate being on the show. Particular order. I have to go through a couple of things.

GLENN: Yep.

CHIP: Number one, it's important to remember that my job and my duty is to the Constitution, to God, and the people I represent. I told them, when I came to Washington, I would not -- I would not let the credit card and the debt ceiling and the borrowing of the United States without the spending restraints necessary to offset it.

GLENN: Okay.

CHIP: Right now, all we have are promises and ideas and notions. What I know, that neither of you respectfully no, and that none of your listeners respectfully no are the people that are in the room, that I was in with yesterday. And the day before, who are recalcitrant.

And do not want to do the spending cuts that we need to do.

That I believe the president and the DOGE guys. And everybody want to do.

My job, is to force that through the meat grinder. To demand that we do our damn job. Okay?

GLENN: Okay. So hang on. Okay. So wait. Wait. You're right. You're right. You're right. Go ahead.

CHIP: Number thee, when we were going through the bill, I'm glad the bill dropped from 1,550 pages to 116 pages. Three-quarters of Twitter or X or whatever you want to call it, have been out there spreading false facts that we supported a bad bill and didn't like the better bill.

That's not true. But let's be Lear. The 1400 pages that were cut out. It's a panacea.

There were some good stuff in there. There were some bad stuff in there. There was a lot of disinformation.

There wasn't a $70,000 pay raise. There was a 3,000-dollar pay raise.

I didn't support any pay raise. I didn't support a lot of the stuff in there.

But there's a lot of misinformation. And here's the thing: The 116 pages that were left, and I opposed violently the first bill. I was leading the charge on fighting and killing the first bill.

GLENN: And I love you.

LIZ: The second bill for 116 pages. Turned off -- turned off the pay go requirement. That we slash 1.7 trillion automatically.

And added a 5 trillion that are increase.

My view was, I could not support that, without a clear understanding of what cuts we would get, in mandatory spending next year. And undo any of the Inflation Reduction Act.

The undoing of the student loans. The undoing of the crap with the food stamps.

And everything else. I yield back.

GLENN: Okay. I yield back.

Chip, you're not in a hostile room. We love you. And we agree with your end goals. It's our end goal too. We didn't make that promise that you made to the people that voted for you. So we have more wiggle room here.

But you say -- I think our big difference is, you say, I know the guys in the room.

You're right. You do. And we -- we ceded that earlier today on the show.

You are -- one of us is wrong on trust.

I don't trust any of the weasels in Washington.

But I think Donald Trump and Elon Musk and Vivek Ramaswamy have earned enough trust, to get a grace period, here for the first -- maybe the first year.

Or at least six months.

To turn the economy around, and also reduce the size of the government.

And totally flip this thing.

And I know, as somebody who is -- you know, run a company, mainly into a ground. But run a company, and have to switch it, in the middle, and totally reshuffle. That -- that actually costs money, while you're doing it, to bridge the gap.

Because you have to fill up holes while you're filling in the gap.

You don't trust the people in the room. Neither do we.

But we do trust the system that worked on Wednesday with DOGE and Donald Trump.

Where do we disagree?

Can you give them --

CHIP: We don't disagree. And yesterday morning, I was making that precise argument in a room full of conservatives and then a follow-up room with people who will call it, less conservatives.

GLENN: Republican. Yes.

CHIP: And so we were making this argument. And then someone infamously. Something leaked out of the room, somehow out to Mar-a-Lago. That I was being resistant. Because I was negotiating trying to get the agreement to achieve the objective that you just said. I was trying to get, okay. In fact, yesterday morning, I made the argument to a group of conservatives. We need to give the president runway. We need to give him his first 100 days. We need to appreciate JD, and Vivek, and all the people -- and everybody involved. For the president to achieve the objective.

But to get there. We have to make sure that the guys in the room, that are an obstacle to that, don't have the ability to block it.

Because information flow matters. And when those guys tell the president, they can't achieve X.

Then the president will not achieve X. Our job was to force and demand, guys, we need actual understanding of what the cuts will be.

And because otherwise, we're asking us to accept a 5 trillion-dollar limit in our credit card increase. In exchange for nothing!

Literally, in exchange for nothing, but -- but hope.

So our job was to force that change.

Unfortunately, while I was trying to make the argument that we needed something in order to get the votes, someone leaked that down to Mar-a-Lago, and the president reacted.

But now I have to now manage that.

GLENN: Right. I know. I know.

CHIP: They're trying to enforce change in town.

GLENN: So hang on.

We have to leave this. Because I'm going to run against the clock.

I could talk to you all day about this. You were in a meeting this morning about J.D. Vance. Can you tell us anything about that meeting?

CHIP: That meeting happened, because despite what happened yesterday, I'm trying to get this done. Last night, talking to JD, we worked to get this meeting done. We had some good progress this morning.

But there still remains people concerned about spending. That we can work out, what agreement we can reach. On what spending cuts. We can actually get next year, in exchange for giving the vote on a debt ceiling increase.

So it remains fluid. Progress was made. But we have to keep working on it.

And I left that meeting to talk to you. Soil get an update in a minute.

GLENN: Thank you for that, by the way.

I hear there is a new bill that may be coming today.

Is that the one you're talking about?

Or is this another bill that could be another nightmare?

CHIP: Despite other people leaking crap, I refused. I can't say, because it's not been decided by the speaker.

And it's not right to talk about things they're talking about in private meetings.

GLENN: Yeah, but it's -- it's this speaker. I mean, is he really the speaker anymore, Chip, really?

CHIP: We need to hear what bill we need to get forward. And I can't talk about the private meetings. But, look, I'm going to keep fighting for what I promised people that I represent.

I'm going to fight to cut spending. I am going to represent article one.

I'm going to support the president's agenda, but we've got to do that together.

GLENN: Okay.

Chip, thank you.

I think we can -- I think we agree, but I await to see what that means to you. Because we may just have to agree to disagree on this.

But I love you. And I still want you to replace Cornyn.

CHIP: The short version is, for inflation's sake, we cannot increase the debt ceiling $5 trillion without knowing what we're getting for it.

And I don't think anybody should disagree with that.

GLENN: But you don't disagree that Elon Musk and Trump and Vivek are serious about gutting the system.

CHIP: I believe that is their objective. I believe there are obstacles to that objective. And I need to know the sincerity of how we deal with those obstacles, both structural, and human. And we have to figure that out. And that's my job.