Isn’t it amazing how these “mistakes” always go one way?
Politico put a piece out yesterday in which they made quite the stunning charge against Donald Trump. According to their sources, the President is hopelessly stuck under the thumb of China because he owes their state bank tens of millions of dollars. Sounds bad, right?
Here’s some guy from The Washington Post pushing the story in a thread.
U.S. President Donald Trump owes tens of millions of dollars to the Bank of China. This should be a massive scandal, as it’s an astonishingly huge conflict of interest with China. I explain why, in a thread:https://t.co/YkT3BKVFAk
— Isaac Stone Fish (@isaacstonefish) April 24, 2020
I won’t bore you with the rest of his preening, as it’s what you’d expect, i.e. lots of false conclusions being drawn from incomplete evidence.
The point of Politico’s story was to take heat off Joe Biden, as the above thread and the article itself draw comparisons to Hunter Biden. You see, Trump supposedly has these loans with China so it must mean that Hunter Biden getting lucrative contracts from the Chinese is all good. If the media can somehow tie Trump to China, then they can scream hypocrisy when Republicans go after Joe Biden and his family for his conflicts of interests.
But then the real story came out. You’ll be shocked to learn that the entire premise of the story is false.
Update “Within 22 days, the loan was securitized and sold…Bank of China has not had any ownership interest in that loan since late November 2012.” Also @HKMarkSimon has some smart points arguing that this Bank of China story is a much smaller deal. https://t.co/m3A5DWTUtj
— Isaac Stone Fish (@isaacstonefish) April 25, 2020
Not only does Trump not have loans with the Bank of China, it’s been since 2012 that they held any stake at all. Further, the Bank of China only had that stake for 22 days. This entire Politico hit-piece, which was spread far and wide by many blue checkmark “journalists” is actually total nonsense.
— Jennifer Rubin (@JRubinBlogger) April 24, 2020
This is getting so tiring. The media are absolutely worthless and when they make these “mistakes,” all we get is a shrug and on to the next bit of fake news. There’s no accountability, especially within their own ranks. You can bet that CNN’s resident media reporter won’t even mention this in the midst of his wailing at Fox News all day.