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In a rumor that first broke late last week, Consolidated Edison(ConEd), a combination utility serving over three million electricand one million gas customers in New York, is reported to be inmerger talks with West Springfield, MA-based Northeast Utilities(NU), the largest electric utility in New England. Neither companywould comment on the subject. The reported stock and cash dealwould value NU at $2.8 billion.
Seven springs property. which they said to quote millions in tax benefits for the former president. ivanka herself is directly references there are fraudulent documents passed along to deutsche banc, a relationship that they allege she managed. the trumps and their spokesperson have responded, andrea. essentially calling the allegations baseless and saying they will be vigorously will be defended. they ve raised something they raised previously in this particular litigation and in the lawsuit against the new york attorney general. it was her promise during the course of her candidacy, to go back to trump, that they say, shows or proves at least that she has a tainted approach here. now, look, suzanne craig and a number of other others have dutifully covered the president s financials and have pointed out prior inconsistencies in what he s done. but this is the first accounting at least if we re to believe what james office has put
Last month that it was trump s adult daughter ivanka trump who reported to the attorney general negotiated a lease from the federal government and associated a loan from deutsche banc to pay for it. ms. james is arguing that the means by committee trump administration described their own federal government condition in order to get the lease and the loan were both fraudulent. here s one example, as part of their statement of assets to try to get the lease and loan, the trumps listed value of apartments they owned including one that ivanka trump was renting personally at the time. under the option, she apparently had the option to buy that apartment for the cost of $8.5 million. but the forms submitted to get the loan for the d.c. hotel that very same apartment was listed as being worth $20 million. a few years later listed it as being worth as $25 million even though there s was an option to
Lobby. during the day, it almost got overwhelming at times how many vips and members of our government making headlines are all together in the same place. reporter: now, sources tell cnn the trump organization has been looking to sell the lease on the hotel for more than a year. contacted by cnn, the trump organization issued a written statement, saying that the house oversight committee s report was intentionally misleading. irresponsible and unequivocally false. the statement said the committee showed a fundamental misunderstanding of bake accounting principles and at no time did the trump administration receive any preferential treatment. and deutsche bank responded to the report telling cnn in a statement that the committee makes several inaccurate statements about deutsche banc and its loan agreements. brian todd, cnn, washington. brian, thanks for the report.
one of the things that the new chairman of the house intelligence committee has indicate head would lid he woul are some of the records from deutsche banc. there was a point in time when american banks basically would not touch the president and he had to go to deutsche bank in order to receive financing. we also know that deutsche banc has been under some withering criticism, an allegation that they laundered money for the russians. among a lot of things we would like to know is who s guaranteed all the loan hess s he supposed from deutsche banc. and potential conflict of interest. coach that hearing with whitaker, saying the president blasted this hearing, you know, tweeting this, saying the democrats in congress yesterday were vicious and totally showed their cards for everyone to see. when the republicans had the majority, they never acted with such hatred and scorn. the democrats are trying to win an election they know they
Of what do they have on him? why has it been no disclosure of tax returns over 20 years? how much russian money is in the trump real estate business? how much money if any was washed in terms of going through these real estate deals? i think that is where the mueller investigation is looking. i know that the germans are looking at deutsche banc. i suspect that the house intelligence committee is going to start investigating deutsche banc and perhaps those in cyprus to say that s where the real criminality would be involved where you would fail to criticize the president of russia, who has engaged in heinous activities including murdering people, and yet, not a word of criticism. there s something more that we re not seeing. in shakespeare s richard iii the king said my kingdom for a horse.
Which sounds kind of weird is now at 68%. it was at 87% not too long ago so they re starting to rethink the possibility that the fed may not raise rates when they meet next week. we ll see. so what people are worried about is that this is all coming together with talk of an economic slowdown, one that would be naturally expected after a long expansion that we have had since 2009. in your mind, do you put the two things together? in other words, is the possible slowing of the economy and maybe a recession people saying is coming in 2019 probably 2020 and this? do they go together? absolutely. stock market looks forward, not back. it is trying to guess what will happen six to nine months down the road. the slowdown is not happening here but germany seeing a slowdown. they re thinking what they do to shore up the two biggest banks, deutsche banc and commerce bank. japan has seen a slowdown. two of the biggest trading partners out there.
To be conservative, turn ourselves into kind of a steady annuity, you know, steady business. but in the same time, they took on two humongous loans from deutsche banc to buy really risky properties. one was the golf course outside miami. the other was the property in d.c. where as you said they bid so much more than anybody else that people at the time thought how in the world can they make money if they re going to pay so much for this property. in those two cases they did take on loans which seems kind of variance with the all cash philosophy eric laid out. deutsche banc where it came from the private client side. in 2017, eric trump told a golf journalist we don t rely on american banks, we ve all the funding we need out of russia. he then said that story is completely fabricated. but it s stunning if you think about it. and we re relying on eric trump s explanation of this all. awesome reporting. this one s a head scratcher. thank you. all right, coming up,