Page 18 - Equity Line News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Received,your intent to defraud the bank was for the desire to purchase the summer home for $8.5 million. >> no, sir. that would have been off an equity line. considering i had less than a 50% loan to value on the assets and it was a preexisting line of credit that existed years before the date that you're referring to where this is all surrounding new york city taxi my medica medallions. they were at that time worth over $45 million. >> mr. cohen, you called donald trump a cheat in your opening testimony. what would you call yourself? >> a fool. >> you calling -- okay.

Exspong exspone exsponged but it had been transferred to another bank. your intent to defraud the bank was for the desire to purchase the summer home for $8.5 million? >> no, sir. that would have been off an equity line, considering i had less than a 50% loan to value on the assets and it was a preexisting line of credit that existed years before the date that you're referring to. where this is all surrounding new york city taxpayi medallion >> but you understand when you failed to disclose liabilities, especially $20 million in liabilities, that is in fact, fraud? >> even with the $20 million...

Would mr. trump have his interview instead of with fox, would he do it under oath and then see whether he tells the truth under oath? mr. giuliani claims that that would be a perjury trap. we all know that when you tell the truth there's no perjury. >> so when the president was in michael cohen's words directing and coordinating with him to go ahead and make these hush money payments, do you believe the president knew this potentially could be illegal? >> there's no question. or why would he keep it secret? he did it through mr. cohen, $130,000 with mr. cohen having to borrow from his equity l...

Inference that he was motivated to make an illegal contribution for political purposes, which makes if a crime. >> let's go through some of the specifics. the prosecutors say the invoices that michael cohen submitted for reimbursement for the hush money payments to those two women, the prosecutors say that was all a sham. to whom did cohen submit those invoices? >> i don't know. i think the invoices for -- you're talking about the technology -- >> the invoices to get reimbursed for the $150,000 for karen mcdougal, the $130,000 for stormy daniels plus the -- it was also bolstered because he wan...

Questions being considered by federal law enforcement about how michael cohen is raising cash in 2015 and 2016 and working good with that money, and whether it violates any laws. >> so, you got three quarters of a million dollars, he has the ability to use this money now right, for mortgages, increasing lines of credit, et cetera. tell me what you understand from how this money was used? i believe you are saying the stormy daniels payment was part of this $774,000. what do you know about the rest? >> well, we know that, yeah, he said he used an equity line of credit to make a payment to stormy...