we have breaking news tonight from the wall street journal. the wall street journal reporting michael cohen had access to as much as $774,000 in lines of credit through two financial transactions during the 2016 presidential campaign. in february of 2016, mr. cohen nearly doubled the amount he could use on a bank credit line tied to his manhattan apartment increasing his ability to borrow by $245,000. three months earlier according to the wall street journal, he gains access to another $529,000 through a new mortgage he and his wife co-signed on a condo owned by her parents in trump world tower in new york. according to real estate records. i want to bring in my panel, asawin suebsaeng, natasha bertrand, and ret know nat toe mariotti.
reporting michael cohen had access to as much as $774,000 in lines of credit through two financial transactions during the 2016 presidential campaign. in february of 2016, mr. cohen nearly doubled the amount he could use on a bank credit line tied to his manhattan apartment increasing his ability to borrow by $245,000. three months earlier according to the journal, he gains potential access to another $529,000 through a new mortgage he and his wife cosigned on a condo owned by her parents in trump world tower in new york. according to real estate records. i want to bring in my panel, asawin suebsaeng, natasha bertrand, and ret know nat toe mariotti. renato, i ll icome to you first for your reaction. it appears in two transactions
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have gotten access to cash during this period to use to help solve problems for president trump to keep things quiet, such as the stormy daniels payment. or were any misrepresentations made, as you said, in his in his applications to banks or statements to banks or in terms of what kind of campaign finance laws may have been violated. what we found was that well, first of all in november 2015, michael cohen s in-laws refinanced an apartment and took $529,000 out of the equity from the apartment. and he cosigned the loan for that. so it s not clear what happened to that money. but it is unusual in the sense that he had never co-signed a mortgage for their apartment before and the cash was taken out. and then secondly, in february of 2016, which was right as
fortunes an a candidate rose mr. cohen nearly doubled the amount to use on a bank credit line on the manhattan apartment. three months earlier gained potential access to another $529,000 through a new mortgage he and his wife co-signed on a condo owned by her parents in trump world tower. the new york times added to that saying a person close to the organization said the people at the company aware he was doing legal work for the president in 2017. another person said that the person was running the trump organization at the time didn t know it because donald trump apparently reimbursing and what giuliani s trying to say, he takes out the personal lines of credit, $729,000 or so. slush fund. protect protect donald trump fund. slush fund. he gets paid back in $35,000 a month increments for quote/unquote legal work. is any of that legal? well, first of all, a lot of facts we have to get before we say whether or not it s legal. right. certainly, certainly suggests