Truth Social post

Original

2023-11-27 18:47:55 GMT-5
2023-11-27T23:47:55.225Z · UTC

Andrew C. McCarthy: “There is no state-law requirement holding that if an asset is valued at X amount, a bank must charge a set interest rate. These are arms-length transactions. The banks made the loans because (a) Trump was a good customer who had a history of paying up; (b) if a bank had proposed a too-high interest rate, Trump could simply have gone to a different bank that would have welcomed the business; and (c) the banks don’t make money if they don’t lend, and they were happy with the tidy profits they consistently made on Trump loans.”