ABC News: “He reported both a net worth and investable assets well in excess of our minimum requirements,” Williams said, confirming that the bank set the interest rate for Trump’s commercial loans between 2%-2.5%. The testimony also appeared to bolster Trump’s arguments that his lenders did their own due diligence, diminishing the importance of his statements of financial condition that are at the center of the case.
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ABC News: “He reported both a net worth and investable assets well in excess of our minimum requirements,” Williams said, confirming that the bank set the interest rate for Trump’s commercial loans between 2%-2.5%. The testimony also appeared to bolster Trump’s arguments that his lenders did their own due diligence, diminishing the importance of his statements of financial condition that are at the center of the case.