Carl bernstein joins us. Good evening one and all. 300 days. You were like, no, we cant take 300 days. 36 days. And were following multiple breaking news stories that could impact how americans cast their votes. The New York Times has new reporting tonight calling the man most of america met on the apprentice the man whos now president of the United States. The fictional alter ego of the real donald trump. That on top of the reporting that the president has not paid any federal income tax in 10 out of 15 years beginning in 2000. And that he paid only 750 in federal income taxes in both 2016 and 2017. All that certain to come up in tomorrow nights debate. The first president ial debate between donald trump and joe biden. Were going to preview what else we can expect to see. I think this is damaging on multiple levels. There is the only bare rasing stuff. The 70,000 deduction for your hairstyle. 700,000 that you gave your daughter that was a consulting expense even though she was already on your payroll. Theres the damage to his brand. We see the extent to which he like other rich people if a nagled the situation in order to reduce his tax bill so that he paid a fraction of what those forgotten people that he campaigned on belaf of, the blue collar americans who were hurt by economic change, paid a fraction of what they paid. The third is the National Security risk. That is, the president is hundreds of millions of dollars in debt, debt that hes personally guaranteed. Does financial pressure explain why he is solicitous to turkey and russia . Does it explain why he is eager to reopen the country in the toll of covid because his properties need to be open to stay afloat financially . We know donald trump is pathologically transactional. Hes going to be thinking, what is in it for me as opposed to abstract concepts like whats best for the country, what is right, what is the thing right thing for the American People. I think hes already thinking that. I dont think he needs a second term to think about whats right for him. Right. But, don, is this going to strip votes away from him . I doubt that, but thats not the point. Weve got five weeks until the election. Donald trump needs to take votes from joe biden. We have a new poll out showing hes down nine points which could be the Tipping Point state. Every day that goes by without donald trump making progress is a bad day for him. Joe biden going to hammer these points into the debate tomorrow night. Anna, i know youre passionate about this. Im going to ask you your reaction to all of it. Astounding level of fraud. When you take a look at it, if theres anything hes been consistent about, its fraud. Scam. Gaming the system. Being a pawn. Listen, his Draft Department were a fraud. His s. A. T. Scores were a fraud. His loan applications to the banks are a fraud. His deductions in his tax forms are a fraud. Does anybody think he spent 70,000 on hair styling . Only if hes getting charged by the hair. I mean, its just, you know, his conservative gravitas. His christian gravitas, fraud. Everything about this guy. Trump university. Trump charitable university, a fraud. Ill tell you what drives me crazy, when i think about all of the people who scrape and work hard, all the honest people who pay their taxes, who have a really hard time making ends meet. You know who pays more taxes than donald trump . The undocumented immigrants at his golf courses that he fired when reporters found out he had undocumented immigrant. They pay more taxes than donald trump. Abraham lincoln in 1864 paid more taxes than donald trump. 151 years ago. He paid more in hush money to Stormy Daniels than he pays in taxes. It is disgusting. It is hypocritical. It is unacceptable. Look, i know its not going to change the mind of his base, i know that, but i hope that the very small sliver of undecided voters take a look at this and realize we cannot have a guy in the presidency who uses the presidency and the bully pulpit to promote and sell memberships at his club and at his golf courses and to drive the, you know, government business to his properties in order to save his brand. We cannot afford that as a country. Hes nothing but a scam. Carl, i want to bring you in here because the time shows that President Trump has more than 300 million in loans that will come due in the next four years and we know nothing of who he owes that debt to. So could he be compromised . Of course he can be compromised. Lets start at the beginning though about what these tax revelations by the New York Times are. They are a smoking gun that proves definitively that we have a grister president of the United States and he and his grister family have taken advantage of every aspect of the tax code, that they have taken advantage of the American People and that they are, as anna had said, a fraud. We know that donald trump is a con man. This has been evident for a long time and now what the New York Times revolutions show that its been a house of cards definitively and that this con man has now gotten into the area where were now seeing serious questions about how he might have compromised or be subject to compromising the National Security of the United States. There also is i think we need to take another deep breath to see and put some people on the air and find out is this tax behavior of donald trump actually criminal or is it deliberate taking advantage of the tax code so see greej gously that once again he has done an outrageous con on the American People and the irs and might get away with it because it comes under civil penalty, not necessarily criminal. And that remains to be seen. Even after hes out of office, carl, hes going to know incredibly top secret information about the United States, including sensitive National Security information. That is a scary thought. That is a scary thought. What we need to think back to is the fact that all of his closest National Security advisers from mattis, tillerson, kelly, bolton, they all concluded that donald trump is the first president in the history of the United States to be a danger to the National Security of the United States. What this shows once again, these revelations, is to the potential, particularly given his adoration and subservens to these oligarchs, putin, erdogan, other mbs, all of these authoritarian leaders. Donald trump is clear. We can see from what the times has done, he will take money from anyone for any person. He is a sheer con man. Carl, i think carl, the ghost of Leona Helmsly can tell you whether it is criminal to lie in your taxes. When you are telling the irs that you are poor and have huge losses but you are telling banks that you are seeking loans from that your assets are worth much more than they are, it does not take being a tax attorney to know that there is a real legal problem there and that explains why he has gone to such lengths, why he has gone to some of the highest courts in the land to try to keep his tax returns hidden. It explains why he will not release these tax returns. I mean, listen, if he wants to prove all of us wrong, all hes got to do is show the receipts, right . The New York Times is i agree with you. Listen, guys, i have to move onto the next segment. Im glad you mentioned what it means legally. Thank you all. I want to bring in someone who knows. I want to bring in daniel goldman, former u. S. Attorney for the Southern District of new york. He was the lead council for the democrats during the impeachment inquiry. Used to be a frequent guest on cnn and then he did something else. Its good to see you again. How are you . Good, don. How are you . Thank you for joining us. When i spoke with katheryn renfeld, she said it means hes a bad businessman, a cheat or both. He used his chronic losses to avoid paying taxes. Knowing what we know now, did he cheat on his taxes . I think its hard for us to tell just from reading these articles from the times, one yesterday and then one that just came out tonight. I do think it validates the theory that hes a bad businessman. He squandered money from his father, he squandered money from the apprentice and all the licensing deals. Frankly, he hasnt really been a Real Estate Developer for quite some time. He has bought golf courses and he has poured a tremendous amount of money into those golf courses that continue to lose money in their operating costs, and then he just licenses his name to Real Estate Developments all over the world. He doesnt actually run them in any meaningful way. The big question, even his tax returns are insufficient to know whether or not he is lying. You would need the backup documents. Youd need the bank records to show ins and outs. You need to compare to other Financial Statements, sworn declarations and we have some of his disclosures. I would just caution one thing though, don, before everyone jumps to conclusions. The value of an asset is unrelated to what the expenses are to operate that asset and those expenses for business assets can be deducted even if the value of that asset keeps going up. So if hes pouring money into trump doral, which he is, he is spending a lot of money, some of which may be able to be deducted, and in theory the value of the property is going up. So that in and of itself does not necessarily mean that hes cheating. What we do know is that this is a hyper aggressive way of manipulating the tax code. There are some yellow flags at a minimum in there paying ivanka trump consulting fees when she is a fulltime employee of the trump organization. You cant double dip that way. Thats one thing. It will be very interesting for the manhattan da to compare these tax records with other documents that they will get from mazars once that court case is resolved now that its back in the court of appeals, it will soon be resolved, and the das office will be able to compare the tax returns to his other Financial Statements, sworn Financial Statements and theyll be able to figure out what is legitimate and what is not. Listen, i spoke to a very good friend who is a developer. Ill tell you what he said. He said the leverage thing, how highly leveraged it was, you know, thats to be determined, right . Once they figure out how much depreciation is and so on and so forth. Right. But then he says the stuff like paying his daughter as a consultant or writing off business expenses that they use personally, that stuff is fraud due length if that, indeed, occurred. Then as Michael Cohen says how he inflates his assets. So the question is does he provide false information to get the loans . That was a question that my friend says if he provides false information to get the loans by inflating the value of an asset, is that illegal . Is that fraudulent . Absolutely. Yes. Thats a material misrepresentation to a bank to obtain a loan and that is you know, thats carbon copy bank fraud. Thats what it is. So, you know, but i think we do need to be a little bit careful. I am, youre right. Im saying if, if, if, if thats the case. What migchael cohen describe, hes inflating the value of the assets to get loans and what he did with the westchester property, thats inconsistent. Hes either lying to the banks or hes lying to the irs, both of which are crimes. So either way hes committing a crime if that is true, and so that is thats the big question. You know, some of this stuff is fungible. Its hard to figure out what exactly the value is. Having done some of these fraud prosecutions, sometimes its very hard to prove that its over valued, et cetera. Whats not hard to prove though is when the person that you are looking at assigns two very different values to the same thing because both of them cannot be true. Okay. So i want to talk about the president s debt, daniel. A lot of it will be due over the next few years. What happens if donald trump is president and he cant pay these debts . Is it the same as being a private citizen . Do we know what will happen . Have we ever been in this situation . Weve not been in this situation, and certainly its incredibly dangerous to have the leader of our country be under such financial constraints. Ill explain one way why that is. We know that there are foreign sources of income at his hotels, at his golf courses. The trump hotel in washington, d. C. , is a hot bed for foreigners to stay. Saudi arabia bought blocks and blocks of rooms around the inauguration in 2017. If donald trump is relying on these foreign sources of income at his own properties in order to fund his debt, go to the banks and say, i am generating this much income so we can refinance this, thats an incredible National Security risk where he is compromised. What that basically means is he needs these Foreign Countries for his personal benefit and, therefore, that is a direct conflict of interest as he enacts or executes our Foreign Policy around the world. That would be disgall ldisquali anyone in the country to get a security clearance. Hes the president of the United States, he doesnt need a security clearance, but it is incredibly worrisome nonetheless. I could go on for the entire hour with you. Me, too. Unfortunately were out of time. Its good to see you . Youre doing well, your family, everybody is safe . Yeah, im well. Been a while. Were good. Hopefully we can get this under control. Please come back and be well. Thanks. Thanks, don. The first president ial debate is a matter of hours away. We have new reporting on how joe biden is preparing. Plus, the president announcing a plan today to distribute millions of rapid covid19 tests. Thats coming up. When we started our business we were paying an arm and a leg for postage. I remember setting up shipstation. One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. Pick an order, print everything you need, slap the label onto the box, and its ready to go. Our costs for shipping were cut in half. Just like that. Shipstation. The 1 choice of online sellers. Go to shipstation. Com tv and get 2 months free. Shipstation. The unlike ordinary memory of onlwansupplements. Ter . Neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory. Focus. Accuracy. Learning and concentration. 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With this coverage, your premium never increases for any reason, and your benefit wont decrease simply because you grow older. Options start at just 9. 95 a month. To find out more, call now. male announcer call now and youll also get this free beneficiary planner and this free prescription savings card. So in a matter of hours joe biden and donald trump will face off in the first of three president ial debates. We have new reporting on bidens debate prep. Lets discuss with mark mckinnon, hes executive producer of show times the circus. Donald trump and joe biden finally meet face to face on the debate stage. If youre joe biden, what do you do . Well, you want to be prepared. You want to anticipate everything thats coming at you, and with donald trump thats a pretty tough equation because he doesnt play by the rules. Thats one of the things theyre prepping him for, don. Joe biden has a tendency to want to be a good student. You can see when he stops his questions early. You have to anticipate donald trump will be coming after him hard and coming after him in places he knows hes vulnerable, like his family. For example, they have to get joe biden to be very careful he doesnt come off the leash, doesnt lose his temper. Hell be well prepped for that. The stakes are big for donald trump. Hes lowered the expectations for joe biden. This is all an expectation game in the president ial games. By talking about how biden is senile, sleepy joe, all joe biden has to do is get on the stage and complete sentences for two hours and that could be a win for joe biden. Listen, im not just an anchorman, im a reporter, thats how i started. A source says this to me, mark, he says, he is prepared for asymmetric warfare. Theyve done scenarios planning on Different Things trump might do. They believe it is unlikely biden will be surprised by anything but he is also determined not to get thrown off of his own message because they believe that americans mostly care about the fact that they cant send their kids to regular school and health care is threatened. People will be either satisfied or dissatisfied but hes not going to respond to i ever crazy thing trump says. He can throw a punch but the source doesnt think they want to see him sink to Donald Trump