michael cohen would offer to give away $50 million of donald trump's property without checking with him. >> wasn't his property, it was a licensing deal. >> it would have been a hit to donald trump to have that property in the way. >> it was a marketing play. it may have raised more money for the deal, pursuant to which the president would have gotten a cut. the president likes to say he was a developer. but more and more often later in his career, when he got to his bigger stage, and that's pun intended it was tv that made him a famous businessman, not his actual businesses. this deal was an example of that. the letter of intent shows this was a licensing deal, where the president may have gotten the management right to the hotel. but that he wasn't giving vladimir putin everything, this was a marketing scheme to draw attention to the project by cohen and felix seder and get other oligarchs to buy the apartments. >> that's not the way the fcpa