Live Breaking News & Updates on Gretchen Morganson
Stay updated with breaking news from Gretchen morganson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tom, how big a deal, howen usual is this letter? well, it s quite unusual. experts that we ve spoken with, people that have worked used to head up sec-type of investigations, regulators, my colleague gretchen morganson talking with them yesterday. they said this is highly unusual, that the trump organization was a public company, a google, a gm, picking random companies out of the air, and somebody filed this, you d be looking at stocks that were down 50%, 60%, 80% this morning. so it s significant in that it says, look, the information that and this pertains directly to the former president s financial health and picture the information that s been represented over the last ten years effectively, you can t rely upon that information. let me stop you for a second because i think a question a lot of people have had that has been raised repeatedly about the trump organization and donald trump himself is whether or not his net worth, the value of his company was real. ....
Companies. when it happens to private companies it is usually not something involving a president of the united states and something that garners this type of attention. if it happens with a public company, if the trump organization was publicly traded the stock would be down 50%, 80% this morning because it is concerning to investors. that s not the particular case here. but i think when you look at this, the bigger impact might be for donald trump s wallet and the trump organizations future in that if there were material misrepresentations here there could be covenants in the loans the president has with various financial institutions where they could say, hey, look, we have a reason to call this loan in or we have a reason to perhaps adjust the interest rate that you are paying. this raises all sorts of issues according to financial experts that we have spoken with and my colleague gretchen morganson has spoken with, about where it goes for the future of the trump organization and o ....
And director walensky said that over 1,000 counties have the vaccination less than 50%. so if you are not vaccinated, find a way to get them vaccinated. the only people dying are those unvaccinated and for those spreading misinformation. shame on you. shame on you. people are needlessly dying because of your misinformation. think about it. i don t know how some of you sleep at night who are doing this for a living on television. okay. turning back now, we are awaiting charges against the trump organization, and the cfo allan weisselberg. and it is a scheme to complicate weisselberg and others off of the books in the trump organization. and joining me is gretchen morganson. and so i want to start with ....
For looting the company. so these cases can start small, and i am not going to say that is going to happen here, but when you gate case in the beginnings of it, and really, it is not the end. we are only at the beginning here. how long did tyco and i want to remind people that was years and not months. it was two years after the indictment of dennis koslowski that he finally was found guilty. and you know, that is a long time. that is a very long time. yep. it was a small case that got very big. gretchen morganson, it is great to get your reporting and expertise on that. we will be back tomorrow with more meet the press daily and more coverage continues ....
Price the republican house will put on that extension is the permanent extension of the tax cuts. which i think is an error. welcome back to morning joe. joining us now from boston, former economic adviser to president obama and former treasury secretary in the clinton administration larry summers. and here on set, assistant business and financial editor and columnist at the new york times gretchen morganson. she is co-author of reckless endangerment. now out in paperback. great book. good to have you onboard this morning. thanks. larry summers, let s start with you. you heard bill clinton talking about the tax cuts. we had terrible unemployment numbers coming out last week. what would you advise the president to do at this point? look, the real risk to this economy is on the side of ....