Apparently, the three-letter agencies of our federal government saved all of their scrutiny for Donald Trump. Trump now faces dozens of charges, including an unprecedented and bizarre case out of New York, the case brought by the New York Attorney General, who proudly campaigned on getting Trump, as Professor Dershowitz says. Once elected, she accused the former president of fraud, charged him with inflating the value of his real estate portfolio in order to obtain loans and better insurance rates. Now, of course, a far left judge agreed and has now ordered President Trump to pay what is an unprecedented half a billion dollar bond just for the right to appeal the case. Keep in mind, no bank lost any money on these loans. Nobody even complained. The payments were all made in full. Now, the banks and insurance companies, they all had a fiduciary responsibility to do their own valuations. And to top that off, the Trump organization had in every single deal, they made a disclaimer that was given to all banks and all insurance companies not to use the Trump organization's valuations. And as it turns out, the only person who took exception to these valuations was the far left judge, the guy without any real estate experience, who actually valued Mar-a-Lago at a mere 18 million dollars when you have small lots, that's 22 plus acres there. It's on the ocean and on the inner coastal. You have, you know, oceanfront lots, two acres selling for one, two hundred million dollars. In one case, I don't know if they sold it yet, another one, an acre and a half or 150 million. And that's not even right on the ocean. You extrapolate out just the 22 acres of Mar-a-Lago and it would be worth not the 18 million, the judge claimed, but closer to a billion, but the New York attorney general, the judge, they didn't care. They don't care. Remember, the AG promised to get Trump. And now she is reportedly planning to seize Trump Tower if the 45th president fails to produce the 500 million dollars in cash by Monday for the right to appeal as this verdict. Joining us now with reaction, Fox News contributor, former speaker of the House, Newt Gingrich. I don't know what to say about this. But there's a part of this that is extremely chilling to me. And I would imagine you have the same reaction when you just look at the basic facts here. Look, I mean, I think you have to back up a minute and take a long view. You have a totally corrupt New York system. It's corrupt from the governor to the state legislature, to the judges, to the prosecutors. It is—basically, it's the Sopranos running the government. It's totally corrupt. We were first really given a brilliant insight in this by Tom Wolf in a novel called Bonfire of the Vanities 40 years ago, where he outlined the depth of corruption between the prosecutor and the judge. Nothing has changed. It's just got worse. So let's start with this notion. New York now is a corrupt state, New York City is a corrupt city. Any business that does business in New York is stupid because you are at risk of a corrupt prosecutor and a corrupt attorney general ripping you off. Now Trump's a unique case because he is the most powerful anti-establishment politician since Andrew Jackson. So he is an enormous threat to every corrupt politician in the country from Joe and Hunter Biden down through New York and on to California. And that's what we're witnessing. But we've got to look at the larger historical picture. This is a deeply corrupted state, which has—driving people out of the state—I think the latest number is 600,000. Tax-paying New Yorkers have left. And you'll see it in the size of the state government's budget deficit. Same thing's happening in California. The corruption of Sacramento is driving people out of the state. And their budget deficit, I believe this year, will be $51 billion. These states are totally out of control. Donald Trump happens to be the example, but he's an example of a deeply, deeply corrupt system.
Transcribed automatically. Expect errors in names and numbers.
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“LAWFARE AGAINST TRUMP”
Video transcript 4:25
Apparently, the three-letter agencies of our federal government saved all of their scrutiny for Donald Trump. Trump now faces dozens of charges, including an unprecedented and bizarre case out of New York, the case brought by the New York Attorney General, who proudly campaigned on getting Trump, as Professor Dershowitz says. Once elected, she accused the former president of fraud, charged him with inflating the value of his real estate portfolio in order to obtain loans and better insurance rates. Now, of course, a far left judge agreed and has now ordered President Trump to pay what is an unprecedented half a billion dollar bond just for the right to appeal the case. Keep in mind, no bank lost any money on these loans. Nobody even complained. The payments were all made in full. Now, the banks and insurance companies, they all had a fiduciary responsibility to do their own valuations. And to top that off, the Trump organization had in every single deal, they made a disclaimer that was given to all banks and all insurance companies not to use the Trump organization's valuations. And as it turns out, the only person who took exception to these valuations was the far left judge, the guy without any real estate experience, who actually valued Mar-a-Lago at a mere 18 million dollars when you have small lots, that's 22 plus acres there. It's on the ocean and on the inner coastal. You have, you know, oceanfront lots, two acres selling for one, two hundred million dollars. In one case, I don't know if they sold it yet, another one, an acre and a half or 150 million. And that's not even right on the ocean. You extrapolate out just the 22 acres of Mar-a-Lago and it would be worth not the 18 million, the judge claimed, but closer to a billion, but the New York attorney general, the judge, they didn't care. They don't care. Remember, the AG promised to get Trump. And now she is reportedly planning to seize Trump Tower if the 45th president fails to produce the 500 million dollars in cash by Monday for the right to appeal as this verdict. Joining us now with reaction, Fox News contributor, former speaker of the House, Newt Gingrich. I don't know what to say about this. But there's a part of this that is extremely chilling to me. And I would imagine you have the same reaction when you just look at the basic facts here. Look, I mean, I think you have to back up a minute and take a long view. You have a totally corrupt New York system. It's corrupt from the governor to the state legislature, to the judges, to the prosecutors. It is—basically, it's the Sopranos running the government. It's totally corrupt. We were first really given a brilliant insight in this by Tom Wolf in a novel called Bonfire of the Vanities 40 years ago, where he outlined the depth of corruption between the prosecutor and the judge. Nothing has changed. It's just got worse. So let's start with this notion. New York now is a corrupt state, New York City is a corrupt city. Any business that does business in New York is stupid because you are at risk of a corrupt prosecutor and a corrupt attorney general ripping you off. Now Trump's a unique case because he is the most powerful anti-establishment politician since Andrew Jackson. So he is an enormous threat to every corrupt politician in the country from Joe and Hunter Biden down through New York and on to California. And that's what we're witnessing. But we've got to look at the larger historical picture. This is a deeply corrupted state, which has—driving people out of the state—I think the latest number is 600,000. Tax-paying New Yorkers have left. And you'll see it in the size of the state government's budget deficit. Same thing's happening in California. The corruption of Sacramento is driving people out of the state. And their budget deficit, I believe this year, will be $51 billion. These states are totally out of control. Donald Trump happens to be the example, but he's an example of a deeply, deeply corrupt system.
Transcribed automatically. Expect errors in names and numbers.