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>> allen wiseleberg is the trump organization's chief financial officer, david pecker and talking about the karen mcdougal catch and kill arrangement. there is a report that they kept a safe on other damaging stories it killed, as part of its relationship with donald trump. here to talk about it, jeffrey toobin. you wrote a lengthy piece in "the new yorker," i recall, about david pecker. >> i did. >> what do you think about this, that there's a safe, potential information that david pecker or ami would have on donald trump -- >> is enormous. >> david pecker is very open with me including talki...

Rights to karen mcdougal story already bought in a catch and kill deal right before the election. >> i need to open up a company for the transfer of all of that info regarding our friend, david. i will do that right away. i've spoken to allen about how to set the whole thing up with funding. yes. it's all the stuff -- all the stuff, you never know where that company -- he gets hit by a truck -- i'm all over that. i spoke to allen about it. when it comes time for financing -- >> what financing? >> i have to -- >> pay with cash? >> no, no. >> allen wiseleberg is the trump organization's chief fi...

Where if somebody like one of the playboy playmates had a bad story about trump, that trump wanted to kill, the "national enquirer" would go to the person and say we're going to put you on as a columnist for "x" amount of money but we're going to buy your story. so that they could never tell the tale of a relationship with trump. it's called a catch and kill arrangement. but federal prosecutors have now come up with a theory that this really is kind of a campaign contribution. it's aiding and abetting a gift in kind to prevent embarrassing information from being disclosed. the same theory that...