The Young Turks - Republican Sues A Cow And Donald Trump Jr. Whines About The Young Turks

Episode Date: March 19, 2019

Devin Nunes is extremely dumb. Donald Trump Jr. freaks out at The Young Turks. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. Hosted on Acast. See acast.com/privacy for more in...formation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 You're listening to the Young Turks, the online news show. Make sure to follow and rate our show with not one, not two, not three, not four, but five stars. You're awesome. Thank you. If you like the Young Turks podcast, I think you'll love a lot of the podcasts on the TYT network. Old school, it's one of my favorites, one of the favorites for a lot of the listeners. Please check that out, subscribe, share it, that makes a big difference, and give it a five star rating. Thank you.
Starting point is 00:00:30 All right, welcome to the Young Church, Jake Hugh Granite and Kasparin with you guys. Let's start out with a little bit of fun today. Snopes has debunked that I am a mastermind, which is a bit of a shame. I mean, I could have done that for them. So there was this absurd video online by Mr. Reagan that Anna already shredded on her show, No Filter, which you should check out. Did I dunk on him? I'm...
Starting point is 00:01:00 I dunked on him. Did you watch the video? Not yet. Of course. But I'm a member of the Young Turks. I can watch it any time I like. T.y.com slash join to become a member and get all of our shows. It's like a progressive Netflix.
Starting point is 00:01:13 Anyway, so seriously, in the video this clown says, Did you know that Alexandria Ocasio Cortez? Is it an actress? So then Snopes calls him, they're like, do you have facts that she's an actress? He's like, oh no, I made that up. I have no idea. Yeah, he's like, they're like, what, what? Jake isn't even really exaggerating about the way he talks in the hit video that he did on EOS.
Starting point is 00:01:37 And I'm not, look, if you're watching this later on YouTube or Facebook, we'll put the link in the description box as we always do. And I'm not exaggerating that he told Snopes, oh, no, I have no idea that she's an actress. It was, that's not true. So, but what's funny, like if some random dude did a video on YouTube and it got a million views, bless his heart, who cares, right? And, but that's okay, it is what it is, but do we have to go around and debunk everything? But what happened next, of course? Which is Sean Hannity, he's like, oh, oh, okay, and he went ballistic, he's on Twitter, he was on, he did a thing on a blog, he did it on his show, and they're because they're
Starting point is 00:02:16 all conspiratorial nuts, right? They're all incredibly stupid. So like, Sean Hannity is one of the dumbest guys in America, so he's like, oh, I bet she's an actress and a politician that is an actor is just all. unacceptable. That's why my hero is Ronald Reagan. Wait. The dude who did the video, his channel's called Mr. Reagan.
Starting point is 00:02:39 He has a mug of Ronald Reagan in there. Sean Heddy brags about Ronald Reagan all the time. He's an actual actor. And he was picked by powerful rich folks to play the role of that cowboy while he deregulated everything and to the benefit of multinational corporations and lower to the benefit of multinational corporations and lower taxes on the rich. He is the conspiracy you've been looking for. Meanwhile, in Cassie Cortez, what we did was we did in a nominating process.
Starting point is 00:03:06 They're like, aha, going to the American people to try to find a politician that'll represent them. Yeah, yeah, that's what we did. In fact, we're doing it again. So Sean and Reagan and all you fellows, JusticeDemocrats.com slash nominate, okay? That's gonna do it again, hopefully we'll get 12 more AOCs. Okay, so bottom line is, they're like, look, of course she's not an actress. This is preposterous.
Starting point is 00:03:32 Do PACs sometimes help to find candidates? Yes, they do. And in this case, they're like the video kept showing clips of them clearly saying in front of everybody what they're doing. If it was a secret conspiracy, they might not have shown it on the Young Turks. That was my favorite thing about his like video takedown of AOC. The entire time, he'd be like, I know this sounds crazy, I know it's hard. to believe, but they actually openly talk about these things.
Starting point is 00:04:00 And then they go to clips of you, openly talking about the nomination process. But like every clip they used was kind of awesome. It was, it was like, I'll show more of that, right? And they're like, it's like me saying, you know, we want uncorrupted candidates to take over the Democratic Party because the Democratic politicians are too much influenced by money in politics. Yeah, yeah, that's exactly what's happening, right? And so, and then, but the funny thing is, all you have to do is say it in a nefarious voice,
Starting point is 00:04:30 because nothing he said was actually, other than her being an actress, which is false, was wrong, right? Like, wrong, not as an inaccurate, but as in like a bad thing to do. They're like, they're trying to find uncorrupted candidates. Yeah, yeah, that's what we're trying to do. But if you say it in that voice, the Republicans are like, oh, I knew it. Nefarious progressives and their clean politics. Okay, and at the end, since he's got absolutely nothing, they take a picture of
Starting point is 00:05:01 Choycott, Chaka Barty, who founded just Democrats with me and is now the chief of staff of Cassio-Cortez, and he's got some Indian dude on his shirt, honestly, I don't know that much about the guy, right? But they're like, aha, everything's a aha, right? So why aha on that one? Well, it turns out that he was anti-colonialist. Indian. What did you want him to be? Pro-colonialist? And they're like, he once had a bad quote. Now, let me just, last thing on this, if we wanted to do a secret conspiracy, why would
Starting point is 00:05:36 we wear it on our chest? Okay. And if it's like a message to people, why would we hide it with like, hey, there's a, we're not going to tell you what the real thing is. And we're never going to propose legislation about the real thing. We're never going to do the real thing. All we're going to do is wear a shirt of a guy from 80 years ago who did something else. Got him. Kappa bam! Okay, so. By the way, the guy who put the video together, there isn't much information about him on
Starting point is 00:06:08 his own YouTube channel. But it turns out that someone we work with actually knows him through the acting circuit. Yeah. Yeah. So he's an actor. The guy who did the video is an actor, by the way. He's literally an actor. I'll give him a tiny bit of credit for this one, Snob's called him.
Starting point is 00:06:23 He's just like, oh, no, no, yeah, I'm made up the whole thing, yep. No, no, I'm an actor, that's right, yep. No, she's not an actress, I am an actor. Okay. Sean, and he's like, I don't, what? What? So the downside of this is the video portrays me as the mastermind and shortcuts, another mastermind, and Alexandra Rojas, who currently runs just Democrats, she's another
Starting point is 00:06:45 mastermind. Okay, she was 23 at the time. Why is the 23-year-old, a mastermind of the 28-year-old at the time? Like, none of it makes any sense. Hey, hey, hey, don't, I mean, don't be ages. In some cases, younger people can be smarter than older people. No, 100%, but I don't know, but they never got to an aha because they never had any t-shirt on her.
Starting point is 00:07:04 That's true, she didn't wear the right paraphernalia. So is Alex, like, a secret billionaire looking to increase her taxes? No, no, they've got nothing on it. They just like to go, aha. Anyway, if you want to see me masterminding every day, 6 to 9 p.m. Eastern, or Okay, on tyt.com, we do this show, you could all watch, two and a half hours of it is free, the last half hours for our members. Where we, the post came for the members only, who want to see masterminding.
Starting point is 00:07:34 Lots of masterminds. Man, wait to you, get a little, in fact, in one of them, we had all the just Democrats. We had Rojas and Shurikha Chalka Party and Walid, and they were all on here talking about how they found AOC in the first place. The real story. Oh, my God, wait until Sean Hannity becomes a member and watches that. His mind's good. Actually, one of our members, I think, bought him membership.
Starting point is 00:07:55 He should redeem it and check it out. But for the rest of you, t.t.com slash join, or if you'd like, t.t.com slash trial. You could try it for a week free. And yesterday we talked about Sean Handy's favorite monster, Roger Ailes, and the grotesque things that he did in his life. You want to talk about a conspiracy. Yeah, Fox News was littered with them, including the chief conspiracy person, which was a Roger Ayles, he's now, of course, dead.
Starting point is 00:08:25 And we let a rip yesterday. So if you remember, check that out because Ails is a monster. And that's the guy who started Fox News. And that stuff is incredibly real. We also talked about canine anal glands. So it was a lot of variety in the postgame show yesterday. So check it out. Anyway, all right.
Starting point is 00:08:47 Or as Mr. Reagan would say, canine anal glands. Look, no, but more like this, more like this. Come to my one shot, canine, anal gland. He doesn't love that. Anyway, watch my no filter video on it, it was good. I break it down. Okay, you ready? But it's hard to believe.
Starting point is 00:09:07 Okay, all right, we gotta go. All right, let's do the rest of the show. After Representative Alexandria Ocasio-Cortez rolled out her ambitions for the Green New Deal, there was a lot of fear-mongering on the right about how the liberals and the progressives want to ban Cows? Well, it turns out that Republican Representative Devin Nunez actually does want to ban one specific cow, and that's a cow on Twitter referred to as Devin Nunes' cow. Now apparently, there are a number of Twitter accounts that have been harassing him,
Starting point is 00:09:41 making fun of him, mocking him, and it's really hurting his feelings. So he has filed a $250 million lawsuit against Twitter, and he is planning on going after them for alleged defamation, among other things. Let's hear from Nunes himself and what he has to say. What we're doing here is we're actually going after Twitter first because they are the main proliferator and they spread this fake news and the slanderous news. The case we're basically making is this was an orchestrated effort. So people were targeting me. There were anonymous accounts that were developed. And look, there's not supposed to be. These accounts aren't supposed to exist. Twitter says that they don't have accounts that do this. But there were several
Starting point is 00:10:22 fake news accounts, whether it was regard to the Russian investigation or to me. And we have to hold all of these people accountable, because if we don't, our First Amendment rights are at stake here. This is part of the continuing Russia investigation. We're not going to just let all these fake news stories that were written about this investigation, about this hoax, that were lies, we're going to challenge every single one of them in court, we're just starting with Twitter. Oh, it's so good. Okay, so let me give you some more deets, including more information about Devin Nunes' cow. The suit references various messages, critical of Nunes, posted to the defendant's accounts, as well as other accounts, including fire Devin Nunes and Devin Nunes's
Starting point is 00:11:05 grapes, whose sole purpose was and is to publish and republish, tweet and retweet false and defamatory statements about Nunes. Now, that's according to the lawsuit. So there's a lot more to go here, and I have some devastating quotes. And I do actually have one part of the suit that I do like. That's a nice twist. But I can't, I'm going to bust out. I've got to say, Devin Nunes, nobody thought it was your goddamn mom. Nobody thought it was your goddamn cow. Nobody thought it was your grapes. Nobody thought it was your grapes. He's like, well, look, there's this guy tweeting as Devin Nunes's grapes, but those are not my grapes, right? You're such a clownerama Okay, so if you bring forth a defamation suit, you have to prove damages, right?
Starting point is 00:11:51 Yeah. So what damages are you going to prove Devin Nunes? Like, how did the grapes negatively impact your life in any way other than hurting your soft, fragile little feelings? Yeah, he has soft hands, and I'm going to say offensive things about him in a second. But I guess he would have to, in that case, prove that his grapes have been defamed. And his poor cow, he's like, my cow's reputation is never going to recover. I don't know if those are Devin Nunes' because I don't want to say any about him.
Starting point is 00:12:27 I don't want to get sued, Devin, okay? So I'm not saying those are your cows. So look, for a second. No, I got to give you another quote. I got to give you two quotes. And then we'll get to the heart of it. His lawyer wrote, in her endless barrage of tweet, Devin Nunes' mom maliciously attacked every aspect of Nunes' character, honesty, integrity, ethics, and fitness to perform
Starting point is 00:12:51 his duties as a United States congressman. I think he did that himself, to himself, pretty well, actually. How phenomenal would it be if he actually, in a deposition, got the records of who it really is, and it turned out it was his mom. That would be the greatest story in American history. But I love that they accidentally wrote in an illegal document that Devin Nunes' mom has been defaming him this whole time and questioning his honesty and integrity. And then he takes his mom to court, but specifically to Judge Judy.
Starting point is 00:13:27 That's really good entertainment. I'm just putting it out there. His attorney also said Twitter is a machine. Did the machine hurt your feelings? So look guys, the conservative's tiny little minds can't understand this simple concept. They're like, how come you let people say mean things about us? And then every once in a while, somebody on the right wing will say something mean about the left and then you banish them.
Starting point is 00:13:51 That's not fair, it's not fair. No, there are legal standards for things. So if you threaten violence, that is a problem. legally, and so Twitter takes action. You're not allowed to threaten violence against other people. Just simply criticizing people is perfectly acceptable. That's called free speech. And especially if you're a United States congressman, the whole point of the First Amendment
Starting point is 00:14:15 is to protect people when they criticize politicians like you. And so this guy is part of the right wing who says, free speech, free speech, I want to be able to threaten anyone I like. I want to be able to, you know, say anything hateful, racist, bigoted, I don't want to be able to say. He's sick of political correctness. No, we cannot have political correctness. But what is going on with this cow? That's not my cow, and it hurt my feelings.
Starting point is 00:14:41 So, no, I don't believe in free speech. I mean, this lawsuit is the epitome of Republican hypocrisy. I can't believe that he thought that this would be a good idea. It's embarrassing. It's because he's profoundly dumb. Yeah, yeah. Really, really dumb. I believe it.
Starting point is 00:14:58 Like when he launched the suit, he was like, ha ha, I'll show them, I'll show them that I'm a free speech advocate by crushing their free speech and crying all over social media about social media, and then I bet I get rich, I bet Twitter gives me $250 million. Good luck with that, Devon. So the defamation aspect of the lawsuit is only one aspect. The second one has to do with what conservatives have been yelling and screaming about since Donald Trump got elected. They believe that they are being censored or shadow banned on Twitter.
Starting point is 00:15:32 The next video, Nunes talks about that in a little more detail. They're regulating what people can see on my tweets, which they've done. And then they're proliferating out things that they agree with, with the algorithms that they develop. Well, how is it that every day there's conservatives that are being banned? So, you know, look, they don't want to call it shadow banning. That's fine. They can call it whatever they want to call it.
Starting point is 00:15:55 But the fact of the matter is, is people could not see my tweets. Okay. So now, but if you move forward, if you get emails from Twitter, it's constantly left-wing stuff. It's constantly fake new stuff. So I think if Twitter wants to be in the public square and they don't want to be a content developer, they should come clean, give us all your algorithms. How is it possible that I can be attacked relentlessly hundreds of times a day by fake accounts that they claim in their terms of service should not be there? Okay, hold on, I'm sorry, I gotta jump in first. I just came back from a trip in New York where I spoke in front of the UN about the harassment
Starting point is 00:16:35 that specifically female journalists have to deal with, right? And so I get it, that harassment is out there. And for a lot of people, especially women in politics, that harassment goes to, hey, here's your address, I'm showing up to your house, I'm gonna rape you, I'm gonna murder you. So to be quite honest with you, if there were accounts that said things like Anna Casparian's cow, I would be delighted and amused, okay? Like that would be the mildest criticism we ever got from the right way. It would be fun and funny, and I wouldn't care, right?
Starting point is 00:17:08 Like it wouldn't be a big deal, like the fact that he's so hurt. Like he talked about the shadow banning part, but then he went right back to my feelings are hurt, my feelings are hurt. Yeah, so I thought there was some chance he was gonna cry on air, okay, we have to come up with a non-offensive term for what we all want to call them, okay? And you know what this guy is, okay? It rhymes with snitches and stitches, and we gotta come up with a new term, but this guy is that, okay, and everybody knows it, going on TV to cry about his mom, okay?
Starting point is 00:17:42 Not my mom, okay, anyway, Devin Nunes' cow said such defamatory stuff as calling Devin Nunes, a treasonous cowpoke, and utterly worthless. Come on, come on. You sue Twitter over that. You sued Twitter over that, okay? Okay, man, I got bad news for the right wing. If Nunes wins, it will be, now here's a great irony, utter destruction for the right wing on social media. Utter?
Starting point is 00:18:13 I didn't even think about that. Okay. Okay, some people call me big pun, but I will sue over it. Okay, so anyway, because if Nunes wins and you're not allowed to criticize anybody on Twitter, well, the entire right wing would be wiped out on Twitter. Gone. All they do is like, you just, I hate you and you dis, right? Trump.
Starting point is 00:18:40 Trump would be banned. Gone. He'd be the first one man. Bye. Okay. See you later. Criticizing, defaming, demeaning people? Are you kidding me?
Starting point is 00:18:51 Donald Trump is patient zero. So what a joke you are, Nunes. Okay, so let me get to the one part of the, and oh, I gotta talk about shadow banning. Like conservatives, they always come up with these nonsense things like, oh, no, no, no. Like I can't prove that they're doing anything algorithm against conservatives. You can't prove anything because you made it up. But I'll come up with a term called shadow banning. So it's in the shadows, so you can't see it.
Starting point is 00:19:17 Yeah, but you did a lawsuit, you're gonna have to prove it. So you can't go to court and be like, your honor, this is nefarious. We have no evidence of it because it's in the shadows, but the shadow knows. It's not a legal argument. And there's no algorithm that says, okay, be against conservatives, be for liberals. It's not a thing, it's not a thing. They don't understand social media at all. So look, here's the thing.
Starting point is 00:19:47 I think that conservatives who have public platforms go through the same thing that every social media user goes through, which I will admit are frustrating. There are algorithm changes and there's very little transparency about it. You don't understand the decisions that are being made. I don't want to see tweets from five hours ago. I want to see the most recent tweets in my feed, but they're constantly experimenting and doing things that they think is going to cater to you. And oftentimes you end up seeing things that maybe you don't really want to see, you want
Starting point is 00:20:20 other content. I get that frustration. But this political talking point about how there's some sort of censorship campaign against conservatives and that Jack Dorsey of all people, the head of Twitter, is looking out for the progressive message, please, come on. Yeah. So, and get a little of another layer of irony of this suit. He says, now, I don't want Twitter shadow banning me, but I do want Twitter banning all of my political opponents.
Starting point is 00:20:50 I know, it's amazing. It's amazing. He says it with a straight face, because he's too stupid to realize how ironic and hypocritical that is. And his lawyers are like, oh, you're going to pay us a lot of money to do this suit. You're obviously not going to win. Oh, you're right. I can't believe they're shadow banning you. They should be banning your opponents.
Starting point is 00:21:06 And you're a United States congressman. We've never read the Constitution, no, no, no, don't read the Constitution. Don't worry about it. Okay, and these are the guys who claim to be constitutionalists. They're unbelievable jokes. So what on God's Green Earth is the part that I like about the lawsuit? Well, he's saying there are political operatives on Twitter who are, you know, tweeting, retweeting, there's sock puppets, there's trolls, et cetera.
Starting point is 00:21:30 Well, there definitely are. Yes. And almost all of them are our opponents, so I would love for those guys to be exposed. I'm not saying that we need to take legal action against it, but if in the depositions or... The new BMO ViPorter MasterCard is your ticket to more. More perks, more points, more flights, more of all the things you want in a travel rewards card, and then some. Get your ticket to more with the new BMO ViPorter MasterCard and get up to $2,400 in value in your first 13 months.
Starting point is 00:22:05 Terms and conditions apply, visit bemo.com slash the iPorter to learn more. The discovery of that lawsuit, some, they found all the Republican operatives, all the alt-right operatives on Twitter, and yes, all the Democratic establishment operatives. Yes. Which they all exist, right? I would be thrilled. He would have accidentally done a great service. Are there any progressive operatives on Twitter bothering, like, progressives don't have enough money.
Starting point is 00:22:35 for operatives, let alone paying social media people to go after Devin Nunes. Bernie Zana's got better things to do, man. He's got bigger fish to fry than weren't about your sorry ass or your cows, okay? But do, I mean, we know that Democratic establishment consultants in the primaries in 2016 did that, they admitted it. We know that Republicans do it, so if Nunes accidentally reveals all the people doing that kind of sock puppetry and the trolls, it'll be devastating. for the Republican Party and for the corrupt part of the Democratic Party, which would be phenomenal.
Starting point is 00:23:12 Devin Nunes' mom will have done a great service to this country. Yeah, definitely, and I agree with you on that. And for me, it's about doing a service, a great service to people who want accurate information, accurate feedback, or public opinion on news stories or policy. All of that stuff, unfortunately, right now on Twitter gets drowned out by the bots. and the people who are trying to game that system to spread misinformation. So if he does unwittingly solve that problem, it would be amazing. But I'm not counting on it.
Starting point is 00:23:47 Yeah. And there is no place on planet Earth where the right wing is more vitriolic than on Twitter. And so for a right wing politician to complain that Twitter is too vitriolic and has hurt his feelings, again, height of irony. And they're never going to, see, they don't care. We've got a story later in the program about how they, the Republican voters of Missouri hate that Roy Blunt was principled. They're like, we don't want you to be principled. We just want you to be a hypocrite.
Starting point is 00:24:19 We don't care. All we care about is power. So. That's true. And that's why we have trouble understanding right wingers, because they, they don't believe in the same things we believe in, principles, logic, things like that. When we come back from the break, Don Jr. tries to come after us, but we're going to come after him. No, he did. He went after the Young Turks, and now we just explained Twitter to Nunes.
Starting point is 00:24:44 When we come back, we'll explain Facebook to Donald Trump Jr. It's going to take a while because even his dad thinks he's one of the dumbest guys in the country. We'll be right. We need to talk about a relatively new show called Un-F-The Republic or UNFTR. As a Young Turks fan, you already know that the government, the media, and corporations are constantly peddling lies that serve the interests of the rich and powerful. But now there's a podcast dedicated to unraveling those lies, debunking the conventional wisdom. In each episode of Un-B-The Republic, or UNFTR, the host delves into a different historical episode or topic that's generally misunderstood or purposely obfuscated by the so-called powers that be, featuring in-depth research, razor-sharp commentary, and just the right amount of vulgarity,
Starting point is 00:25:34 the UNFTR podcast takes a sledgehammer to what you thought you knew about some of the nation's most sacred historical cows. But don't just take my word for it. The New York Times described UNFTR as consistently compelling and educational, aiming to challenge conventional wisdom and upend the historical narratives that were taught in school. For as the great philosopher Yoda once put it, you must not learn what you have learned. And that's true whether you're in Jedi training
Starting point is 00:26:03 or you're uprooting and exposing all the propaganda and disinformation you've been fed over the course of your lifetime. So search for UNFDR in your podcast app today and get ready to get informed, angered, and entertained all at the same time. All right, back on a young turks, there's so many comments, but I only have time for a couple of things. Jay Hufford says, why is being portrayed as a mastermind a bad thing? I'd love to be described as a mastermind, major ego boost. Yeah, no, I know.
Starting point is 00:26:40 I was amused by it. But the reality is the reason they do that is they're trying to take credit away from Alexandria Ocasor Cortez, as if she doesn't have any thoughts on her own. But by the way, if that, of course, that's not true. Most politicians are actually completely controlled by their staff. She is not, and I guess it's, in a sense, a compliment to her because they think, well, she couldn't have possibly thought of all those great ideas on her own. So thank you for accidentally giving her credit. Onakazi says, next Nunes will be filing a suit against the city of New York because he heard people
Starting point is 00:27:15 making fun of him in Times Square. I wouldn't doubt it. Noted Devin Nunes never go to Philly. Peace Blaster says, if the right wing loves privatization so much, shouldn't they love that Twitter, a private platform can ban them? In fact, that's going to lead into our discussion of Donald Trump Jr. and his dumb arguments about Facebook in a second. But before we do that, quick announcement for you guys on membership, so a lot of the members
Starting point is 00:27:42 asked that we break up the show into hours long segments so you guys can get it quicker after this show is over, because exporting, I know it's a technical thing, but it matters a lot because it depends on, it makes a big difference on when you get the show. Exporting a three-hour show took longer, and that's why you were getting it. So we switched based on what you guys said. And we're now going to do it one hour at a time. We began that recently. Lots of great comments coming in.
Starting point is 00:28:08 Sarah Hodd wrote in, thank you. This is a really good idea. I like to save up and watch post games on the weekends while traveling. So this is much better for me. Lindsay, my name four, says, yes, I will get this. This will get us to show faster. I'm all four. Thanks guys for always striving to be better and listen to members.
Starting point is 00:28:25 Love you. Last one, GOT says, big thumbs up. Those file sizes are a pain in the bum. Australia here, terrible internet, just so bad. Thanks, team. Keep up the excellent work, as always. I thought you were saying that it's, you were saying that you were from Australia to explain the word, the usage of the word bum, right?
Starting point is 00:28:43 So, pin the bum. Anyways, yes, guys, you tell us what to do, and we try our best to do it. Sometimes you've got to give us a little bit of time. By the way, I know some of you like it as a whole three-hour package. We're working on that too. We're trying to fix both problems, and soon we'll have a fix for that too, so you can get the whole three-hour version as quickly as you can. But for now, this has made the process much, much faster.
Starting point is 00:29:08 So t-y-t.com slash join to become a member, get all of our shows now very quickly and watch whenever you want. You can download it or stream it, audio, or video. Okay, what's next, Anna? Donald Trump Jr., an individual who gets all sorts of attention anytime he tweets or has anything to say, recently wrote an op-ed for the Hill titled, Conservatives face a tough fight as big tech's censorship expands. So this is an ongoing talking point by conservatives. They allege that they're being censored by social media. And Don Jr. writes the following. Mainstream conservative content was strangled in real time, yet fringe leftists, such as the young Turks enjoy free reign on the social media platform. He is right. We are definitely given way more power than he is.
Starting point is 00:29:57 That's true. Yeah. Well, what can I do? Much more powerful than the president and his son and his family. Okay, so we have free reign. Free rain. YouTube, Facebook, Hulu, Roko, all the other platforms were on Pluto, Zuma. We have free reign.
Starting point is 00:30:13 And by the way, let there be rain. Okay. We have a pretty sizable audience considering we're considered fringe. Yeah, if a quarter of a billion views a month is fringe, well, you know, but the conservatives do this all the time. Medicare for all, it's a fringe idea, 70% of Americans are in favor of it. Green New Deal, radical French proposal, 81% of Americans are in favor. Getting money out of politics, nobody wants to do that.
Starting point is 00:30:37 93% of Americans want to do that. Federal background checks, only for the fringe radicals in New York City. in Chicago, 97% of Americans want to do that. So the reason we're monstrously large and have, and they would agree with the adjective used there, and have attracted the attention of these folks is because people kind of like us. We have a popular message. And we don't, we started out with no money, we started out in my living room, we had no advantages,
Starting point is 00:31:07 we had no tech, we had no engineers, we had no marketing budget, and we grew organically because the country is ready for that message. It isn't about us. It's about that progressive message. And so Don, of course, in his tiny, tiny little mind can't absorb that. So now let me address the substance of his preposterous claims. He says, oh, you know, Facebook is oppressing conservatives and giving liberals free reign. Well, conservatives love to be victims, and they love getting triggered.
Starting point is 00:31:41 It's the oppression Olympics. Yeah, it is. And so, oh my God, there's a war on Christmas. What have they done? You know what one monster said to me the other day? He said, happy holiday. Okay, God, man, you guys are the, you're so precious, you're so precious. Okay, anyway, again, to the substance of this particular issue, he literally might not know,
Starting point is 00:32:06 one, because he's not very bright, two, because he does no research, just like his dad. That Facebook does not give your content to all of your followers. They don't do it for you, they don't do it for us, they don't do it for anybody. And so if you're a regular person out there and you don't know that, that's okay. You don't work in the media industry, you don't work in politics. And I would, my guess is most people don't know that. But everybody in the industry knows that. And so the number ranges, but it can range all the way down to, for any particular post
Starting point is 00:32:38 that you put up on Facebook, only 7% of your followers could see it, 12% could see it. And sometimes what the algorithm does is it serves it more if it's popular. If it's getting, and they use different metrics, comments, likes, et cetera, engagement. Where the computer says, oh, these are real people engaging and enjoying this content, so I'm gonna serve it to more of their audience. Can I jump in for a second? And part of the reason why Facebook does this, where they only serve the content to a small portion of your followers, is because they want to give you an incentive to do what?
Starting point is 00:33:18 To boost the post, to advertise on Facebook. To spend money. Spend money on Facebook. So look, if you want to complain about that in general, okay, fine, a lot of people do. All the way up to the New York Times. And so, but if you, because you think you're so entitled, should have 100% of your audience see your posts, but everybody else should have 10% of their audience see it. That makes no sense.
Starting point is 00:33:42 See, that's the problem with the conservatives. They view equality as oppression. They're like, wait a minute, I had all the privileges. I had all the rights, and I used to lord it over you. Now we're gonna be equals, and in the free marketplace of ideas, we'll get crushed. We're idiot conspiracy theorists. Of course we're not gonna win. Sad day for you, yes, now we're equal, and that's why you're getting your ass handed
Starting point is 00:34:05 to you on social media. No, it is kind of amazing because if there are stories involving unarmed minorities getting shot and killed by cops and people are protesting about it, you'll have right wingers point to the protesters and say, you're not oppressed, stop with the oppression Olympics. But then the exact same people, I'm talking about Dave Rubin, will then go out and literally incessantly cry and whine on social media about how they're targeted, they're being censored, They're the real victims. They're really the ones being oppressed.
Starting point is 00:34:38 Yeah, I mean, come on. So when an unarmed person gets shot, that's not a problem. When one race is targeted by law enforcement systematically, for example, not only the unarmed black guys being shot disproportionately, but also we smoke pot at the same level, all different races, ethnicities in America, African Americans get arrested at three and a half times, white people get arrested for the same exact crime. If you point that stuff out like, hey, they're putting, they're taking our free, literally taking our freedom away, destroying our lives and sometimes killing us, they're like,
Starting point is 00:35:12 a snowflake, you're worried about getting killed disproportionately. Yeah. Oh my God, Facebook didn't give my post to everyone, that's my follower, I'm the real victim. You guys are pathetic. And look, if you are concerned about censorship and you are concerned about protecting our First Amendment rights and our freedom of speech, I hear you. You should maybe look in your own home and figure out if you can solve that issue there first. So I bring to you Donald Trump's tweets just from this past weekend.
Starting point is 00:35:45 Let's go to Graphic 11. Nope. These are the wrong ones. But over the weekend, he tweeted to all of these late night talk shows that mock him and threaten them with federal investigations, including an investigation by the FCC and the FEC. Yeah, so let me expand upon that. So Donald Trump Jr. talks about, he calls it big tech censorship of conservatives. Now, later in the op-ed, he talks about, I mean, we're having pedantic arguments about the
Starting point is 00:36:22 First Amendment. I mean, really, I know Facebook's a private company, but conservatives don't care about private corporations. What are you talking about? You told us for the last 50 years, all you cared about was private corporations. All of a sudden, yeah, I don't care that they're private. I don't care that the First Amendment doesn't apply to them. I want me protected, right?
Starting point is 00:36:42 I need a safe space, I need a safe space. Okay, and you're talking about censorship. I mean, your dad said that the federal government should investigate Saturday Live and late-night comedians because they made fun of them. I mean, that's so sad. That's one, pathetic, two, that would be a literal First Amendment violation attacking your political opponents because of what they said about a politician. Your father demanded that NFL players get fired because, and I quote him, the sons
Starting point is 00:37:10 of bitches are kneeling in protest during the national anthem. And again, look, Michael Cohen talked about how Donald Trump was embarrassed at how stupid Donald Trump Jr. is, which is record shattering, because Donald Trump is one of the dumbest men to have ever been in public office or in just in the public. Just a life. Yeah. And if his, and he's embarrassed about how stupid his son is. And you can see why in the op-ed, because he just doesn't note any of the ironies that
Starting point is 00:37:39 are all over this. He says, there's no conservative principle that even remotely suggests we're obligated to adopt a lazy affair attitude while the richest companies on earth abuse the power we gave them to put a thumb on the scale for our political enemies. No, that's actually their exact argument that Republicans have been making for the last 50 years, that we should be laissez-faire to private corporations, and that we should not can't care about if they're fair or balanced or anything along those lines. In fact, Reagan was the one who killed the fairness doctrine.
Starting point is 00:38:09 So this is Don Jr., in a sense, arguing for the fairness doctrine. If you read the whole editorial, it talks about it, social media has to balance things out. They have to balance out between things that are insane, like our opinions, and things that are sane and accurate, like climate change. But that's not even what he genuinely means. You think that he cares about the perspective that disagrees with him? They would want to censor that perspective in a freaking heartbeat. That's the reason why I brought up Donald Trump's tweets and Donald Trump's attacks
Starting point is 00:38:37 toward those who are expressing an opposite opinion. I mean, the fact that he consistently goes after legitimate news sources for accurately reporting that he's a criminal. You know what I'm saying? He doesn't like it. He wants to censor them. He literally argued for, quote, viewpoint neutrality requirement for platforms. That's the fairness doctrine.
Starting point is 00:39:00 that Ronald Reagan, your beloved hero, killed. So, God, they have no sense of history or facts. And lastly, you better be careful what you're asking for here, okay? I'm going to quote another part of the op-ed here and then talk about the implications. He says, Holly referring to Senator Josh Hawley from Missouri, who's a Republican, pointed out that big tech companies already enjoy sweetheart deals under current regulations. They make their malfeasance a matter of public concern. That's interesting.
Starting point is 00:39:30 So if a company, a private corporation, gets quote unquote sweetheart deals from the government, then everything they do is a matter of public concern. Well, the big oil companies get sweetheart deals in terms of getting subsidies. The big banks got bailed out, get almost no interest loans from the Federal Reserve. And if that's your new standard, great. because when a progressive becomes president, we're going to have a conversation about if private corporations are getting sweetheart deals from the government, they are apparently, according to the Trump family, a matter of public concern, and the government can then regulate their businesses.
Starting point is 00:40:18 Do we have a deal, Don? Do we have a deal? Because that would be an interesting deal. My guess is you guys would not be happy about that deal. because there are actually terrible things that those corporations do that actually should be looked into. But you guys don't want to do that because those are the same people bribing you legally with all those donations to your daddy that actually got you in office in the first place. By the way, come to me, I have the tweets now that I had promised earlier and I want to make sure I read them to you. So over the weekend, Donald Trump tweeted this in regard to SNL mocking him.
Starting point is 00:40:51 It's truly incredible that shows like Saturday Night Live, not funny, no talent can spend all the of their time knocking the same person, me, over and over, without so much of a mention of the other side, like an advertisement without consequences, same with late night shows. And then he says, should federal election commission and or FCC look into this? So he threatens them with federal investigation simply because they're mocking him or making fun of him during these shows. And one last thing, when he talks about, well, these platforms and these companies are given too much power and they put a thumb on the scale for one political party, so they should
Starting point is 00:41:29 be investigated. You know, another media corporation that puts a thumb on the scale for one political party is Fox News. So, Don, if you want that standard, we can investigate Fox News. So is that what you want? Or is Anna Wright, you don't mind things being biased in your favor. He says whenever anything is actually fair, it triggers you because you have that sense of entitlement.
Starting point is 00:41:54 I should always have an unfair advantage, and this is outrageous that you expect me to compete on a fair battleground. Well, that is the current situation. That's why you continue to cry about it. We have to take a break, but when we come back, a pretty incredible story regarding Donald Trump's ties with Deutsche Bank, a German bank that has lent him an insane amount of money. At TYT, we frequently talk about all the ways that big tech companies are taking control of our online lives, constantly monitoring us and storing and selling our data. But that doesn't mean
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Starting point is 00:43:38 All right, back on a young Turks. Thank our partner aspiration. They're a wonderfully progressive financial institution. You know the spiel. They give 10% away to charity. They don't put your money in dirty companies. and they give you the best interest rate in the country. I can't believe they give over 2%.
Starting point is 00:43:55 I mean, go ask your bank what interest rate you can get on your savings account. You're going to find out it's like 10% of that, like way lower than what aspiration you give you. So aspiration.com slash TYT, that's how you sign up. Okay, now a bunch of comments. Chris says that's perfect, Anna. The oppression Olympics and the conservators always take the platinum because gold would upset them as it is second best. Okay. Tattooed Progressive says, Jenk, you're my comic relief.
Starting point is 00:44:22 Dad jokes, puns, doesn't matter. Tyvm. I have to confess I don't know what Tyvm is. Thank you very much. Oh, okay, yeah, great. And ends it with TYT every day. I love that. You live like a TYT member every day, chank.
Starting point is 00:44:42 Okay. The chank at the end is my favorite part. I live like a capitalist every day, chank. Okay. Just do a reel of all the wrong things I've been called. And then sue everyone. Nunes style. Okay, John Nelson Franklin the second writes in.
Starting point is 00:45:01 As a member, you also get to watch a small startup company try and rise up and take on the big boys. Such a wonderful story. Thank you. And you're a part of that. And we do this show together, guys, and you members are totally responsible. And wandering, for better for worse now. Wundering TARDIS says Facebook is so liberal or took down Elizabeth Warren's campaign ads about regulating massive tech companies, typical liberal shadow conspiracy. Yeah, I mean, they actually discriminated against progressives.
Starting point is 00:45:30 And then they admitted, Facebook admitted it, and then put it back up. And that's not a national story, right? It's not a national story because we don't cry all day. And we don't make up stuff. Like Elizabeth Warren said, hey, they took down my ad. They're like, ah, you caught us, we did. We'll put it back up. And then she was done with it.
Starting point is 00:45:46 Yeah, because we have other things to do. Yeah, whereas Republicans, Republicans would have called congressional hearings over it. Yes. And they would have had every Republican in the country, including Diamond and Silk, come and cry over it. Mm-hmm. Mm-hmm. Elizabeth Warrens, they got taken down. Right?
Starting point is 00:46:01 Mm-hmm. Right? And then Ted Cruz would have tweeted it, and they would have gone on and on for months and months, right? All right. All right. Last one. On Twitter, Joe Oliver 44 says Trump wants affirmative action for conservative writers at SNL and late night shows. That's a good way of putting it.
Starting point is 00:46:16 That's hilarious. Yes. Why won't they also hire conservatives? Okay. Have you guys seen conservative comics? I know, I know. Hey, black people suck. Am I right?
Starting point is 00:46:27 Am I right? No, that's not comedy, dude. That's just you randomly insulting people. Yeah. Okay. All right, let's talk about Deutsche Bank. Donald Trump has had a long-running relationship with Deutschebach, dating back to the 1990s. And they have given him.
Starting point is 00:46:44 given him, in the form of loans, a ton of money. In fact, the New York Times found that time after time, with the support of two different chief executives, the bank handed money a total of well over $2 billion to a man whom nearly all other banks had deemed untouchable. Now, perhaps they deemed him untouchable because he has gone bankrupt, a total of six times. But nonetheless, these executives decided, okay, fine, let's keep loaning him money. Now, this particular topic is being investigated, and I'll give you the details into that in just a second.
Starting point is 00:47:19 But in one case, this is back in 1998, Trump was looking for a $125 million loan for renovations on 40 Wall Street in Lower Manhattan, right? And so former Goldman Sachs trader, Mike Offit, was willing to listen to the pitch and apparently he granted him that loan, right? So that was the very beginning of their relationship. But things started to head south. So later, Trump requested an audience with the bank's bond salesman, right? So understand that Deutsche Bank was selling bonds that were tied to the real estate that Donald
Starting point is 00:48:03 Trump was involved in. And these were toxic bonds, as you're about to find out. So he meets with these bond salesmen, and he says, fellas. I know this isn't the easiest thing you've had to sell, but if you get this done, you'll all be guests at Mar-a-Lago. So the sales team managed to sell hundreds of millions of dollars worth of bonds. A year later in 2004, Trump hotels and casino resorts defaulted on the bonds. Deutsche Bank's clients suffered steep losses.
Starting point is 00:48:37 So there's so many amazing things in this story. One thing that is not in the story is anything that is legal wrongdoing, okay? Now, that doesn't mean that it doesn't exist, and Deutsche Bank has been cooperating with prosecutors, and so we don't know if they found anything interesting in there, or we, or they didn't. And it's, both are possible here. This one is less clear than some of the other financial wrongdoings of Donald Trump. To me, this is a more interesting story about the wrongdoings in the financial sector,
Starting point is 00:49:09 And what Deutsche Bank did and how they clown things. And it also gives you insight into what a terrible businessman Donald Trump is. So let's break that down a little bit. So at one point Donald Trump applies for a loan. And he says, my assets are worth $3 billion. And so Deutsche Bank's actual professionals go to work, try to assess what is worth is. And they actually come up with a number that I was surprised at how large it was. At that time, they said that his worth was actually $788 million.
Starting point is 00:49:46 Now, that's still $2.2 billion less than what the liar Donald Trump claimed. And they know it for a fact. So they're like, okay, here's what the assets are actually worth, the buildings are worth, the golf properties are worth, et cetera. And he's like, no, I think they're worth $3 billion. They're like, yeah, but you're wrong, they're not, okay? But they gave them the money, they gave them the loan anyway. They did, yeah.
Starting point is 00:50:07 It's why they gave them the loan anyway is really interesting, but let me give you more of the issues. A senior investment banking executive caution that Trump should be avoided because he had worked with people in the construction industry connected to organized crime. So like this guy's a bad guy, man, he breaks laws, let's watch out for him. And they gave him the loan anyway. And then of course, any responsible banker in, and there were plenty at Deutsche Bank, went to the executives making the decisions, go, he's thinking.
Starting point is 00:50:37 defaulted on almost every loan he's ever gotten, you cannot find a bigger risk to loan money to. And so of course, what does Donald Trump eventually do? He defaults on the loan for Deutsche Bank. Okay, but not only does he do that, he says, well, you gave me this loan that I built this tower in Chicago with, now I can't pay it back, and I gave you $40 million security of my own assets, so you could take $40 million from me if I default on the loan. But I'm not gonna do that.
Starting point is 00:51:09 Not only am I not gonna give you the $40 million, I'm not gonna pay you anything, and on top of that, I'm gonna sue you for $3 billion. Yeah, he took him to court. And so get a load of his claim for why. Well, he said, the economy turned down. I don't know if you know this, in real estate, sometimes the economy goes up, and sometimes it goes down. And if you're a savvy business person, you get the timing right.
Starting point is 00:51:34 Or even if you don't get the timing right, you survive the down. turns. There are downturns in the markets, including in real estate. And he goes, no, but this is because of the economic crash. And Alan Greenspan called it a tsunami. And there's something in our contract that says, hey, you know, an act of God is something that I can't control. And a tsunami is an act of God. It's a force of nature. They're like, you schmuck. That's not an actual force of nature. It's a saying. It wasn't an actual tsunami. It wasn't an actual real earthquake or a fire, it was an economic crash which affected every business, including your business.
Starting point is 00:52:15 That's not an act of God. He's like, I don't care. I don't care. I want $3 billion. And so they settled a case. And then they gave him more loans. They did. They gave him more loans.
Starting point is 00:52:26 And so as I'm reading through this story and I'm kind of taking it all in, including, by the way, fraud, let's keep it real. if any of us had gone to a bank, let's say we're looking for a mortgage, we want to take out a mortgage, if we lied about our assets, if we lied about our worth on any type of documentation, we could be taken to court for fraud, because that's what that is, that's fraud. But there's no consequences for Trump when it comes to that kind of stuff. Go ahead. So that's a great point, Anna, and I want to give you a second example.
Starting point is 00:52:57 Another time he comes in for a loan, he overvalues his assets at that time by 70% percent, Anna's exactly right. If you go and apply for any kind of loan for a house or anything else and you just totally lie about your assets and you overvalue them not by 5% or 10%, which could be a margin around the errors or error around the margins, I should say. But you obviously, purposely inflated and you do it twice and by gigantic numbers. Yeah, you'd be reported for fraud and you'd be in immense legal trouble. Absolutely.
Starting point is 00:53:31 But you're an average American. Exactly. You're not Donald Trump who was constantly treated as above the law. And so I want to finish my point on that because, yes, there are two different systems, there's a double standard, certainly when it comes to the financial industry. But it made me realize something that I've been kind of talking about on the show regularly, which is, look, this country is not about the audacity of hope, right? It's about the audacity of dopes.
Starting point is 00:53:57 Like, so he has the audacity to demand things as if he's entitled to. to them, right? So he goes out there, takes out this giant loan for the property in Chicago and decides, no, I'm having a hard time paying it back, so I'm just not going to pay it back. And I'm going to sue them. He had the audacity to try to sue them after he reneged on that deal, right, to pay it back. It's amazing, like normal people don't think that way. So we're gonna get to how he got away with it and why Deutsche Bank kept doing these incredibly
Starting point is 00:54:32 incredibly stupid deals. But one last thing about what Anna said, you know, Republicans have just gotten themselves used to all these lies. So they say, oh no, that's smart business. No, going bankrupt is not smart business. Making a profit is smart business. Ripping off anyone who has ever trusted you is not smart business. It's what a scam.
Starting point is 00:54:57 Scammer does. Scammer does, a con artist does, and that's what Donald Trump's whole life is. been just one giant long con, okay? And that's what he is, he's a con man, extraordinary. Now, so why did Deutsche Bank go for it? Well, Deutsche Bank was trying to get into the American market, and so it was hard to break in a regular way, hey, how do I do prudent loans and get into these different areas within banking?
Starting point is 00:55:23 So they're like, well, here's another way to do it, let's just make risky loans that nobody else will make, and that'll be our niche. When you're in the banking business, that's a bad idea. And so they didn't care. They were like, okay, hey, we made a splashy loan to Donald Trump. And he's on TV, he's on TV, we have a very important client, right? And all the other banks are laughing at him, they're like, yeah, he already ripped all of us off, go ahead with your fancy client, he's going to default.
Starting point is 00:55:51 And they were right, he defaulted, because he can't run a business if his life depended I did. Okay? And in fact, his business is to get giant loans and then to default on them. He's a lifelong criminal. Anyway, so there's a second reason, because there's different parts within corporations and also within banks. So the private banking part was making money from Donald Trump.
Starting point is 00:56:16 So private banking says, okay, I'll take your personal assets and wealth, and I will invest those for you. And for that, they get good fees back. And so they make good money on that. Now, in order to incentivize you to do private banking with us, we will trick the rest of the bank, other parts of the bank, to give you really stupid loans. And when it blows up on them, I don't care. My bonus is not tied to their performance.
Starting point is 00:56:41 My bonus is tied to my performance. And a lot of times, this is a huge problem with public corporations. For all the executives, when you're making money from the loans for the first couple of years, because he doesn't go bankrupt until a couple of years. later. It happens every single time with Donald Trump. But for those first couple of years, you're the executive in charge and you're getting bonuses paid based on the loans that you made and the fees that you made. When he goes bankrupt later, maybe you're an executive there. Maybe you already moved on. Maybe that's somebody else's problem. It's not your company. You're just
Starting point is 00:57:14 an executive at that company. So that's why private companies during the 2008 crash did not go under. The private banks didn't go under. It was the partner's money. So they were actually careful with their own money. When it was somebody else's money, then that's why we needed the vocal rule. Do not, you're not, this is a slightly different issue, but the same overall concept. You're not allowed to gamble with other people's money, is the vocal rule, so you can't take depositor money. You know why?
Starting point is 00:57:41 Because if you let the bankers gamble with our money, they're like, great, there's no downside. I gamble, I take maximum risk so that I can make maximum return, because I don't even know if I'm gonna be at this bank tomorrow, and it's not my money. Now, in this particular case, it's executives that, and this happens not just the banking, but all the companies, because executives think, hey, all my incentives and all my stocks are tied to how I do this year. If it crashes later, that's somebody else's problem, okay? So they're incentivized to give stupid loans like this.
Starting point is 00:58:13 And so we don't yet, there seems to be ample evidence of fraud here, as Anna pointed out, and we'll be very interested to see if prosecutors follow up on that. But we don't yet know that part, definitively, because the prosecutors have not gone forward. What we do know is this idea of the bankers being geniuses. Oh, their talent. Remember when they crashed and they said, oh, no, no, you got to pay the bonuses. What do you mean? You bankrupted the entire global economy.
Starting point is 00:58:40 I know, but I'm due millions of dollars. I won't work here if you don't give me my bonus, and then you'll lose my talent. They don't have any talent. They just happen to work where the money is. It's like that old saying about the guy in the old days that robbed the banks. They said, why'd you rob the banks? He's like, that's what the money was, right? So the bankers make a lot of money because they're bankers, not because they're particularly
Starting point is 00:59:02 bright. And television goes along, and mainstream media goes along with that mythology of like, oh, rich people are really smart, and old bankers are so smart, they're so talented. No, they're not. They're regular old schmucks that happen to be in the right industry that don't care if somebody else loses their money as long as they make their bonuses. One final part of the story that I think is relevant, Deutsche Bank did not think that Donald Trump would become a president.
Starting point is 00:59:29 And when he did win the election, there was a lot of panic because they've loaned him a lot of money. And if he defaults on those loans now, what are they going to do? And so the New York Times perfectly puts it this way. If Trump were to default on his loans, Deutsche Bank would have to choose between seizing his assets or cutting him a lucrative break. See, that's a lose-lose situation. Yes.
Starting point is 00:59:55 Actually, there's three losses here. And I kind of love it, by the way. Yeah, I agree with you. And sometimes we're good-designed in New York Times for their establishment perspective, et cetera. But sometimes they do wonderful investigative stories like this one. So great credit to them. And that was an excellent synopsis by the New York Times of the conundrum that Deutsche Bank is in.
Starting point is 01:00:13 So first of all, Trump becomes president. That means people are probably going to look at his finances. And then they're going to find out two things about Deutsche Bank. One, they gave loans to a guy that they knew committed fraud. They knew it. They said it in their things. He's overvaluing his assets by 70%. So that's a big problem for them and possibly a legal problem for them.
Starting point is 01:00:33 Number two, they're going to look like idiots because they kept giving him loans that he never paid back. And they just kept on doing it based on greed. And so it's deeply embarrassing. They're in the middle of a merger now. Now everybody knows, these are the dumbest guys. or the greediest guys, depending on how you want to frame it, right? And so are these really people you want to do business with and merge with?
Starting point is 01:00:54 So that's a huge issue for them. But then the second part is what Anna mentioned there that New York Times wrote about. Look man, he's gonna default, that's what he does every time. He still has all those loans at Deutsche Bank. The ones he defaulted on got, you know, read, by the way, you know how he paid back some of them? He got a new loan from Deutsche Bank. I know, it's amazing.
Starting point is 01:01:12 Okay, so one part of the bank gave him a loan to pay off the other part of the bank because they don't care, they're all making bonuses. They're like, yeah, it's gonna blow up later, who cares, right? And then, oops, Donald Trump became president. Now when it blows up, everybody's gonna know. And so, otherwise what they do is, oh, we wrote it off. That was a normal course of business, we wrote it off, right? Now, if you write it off, it looks like you just did a giant favor for the president
Starting point is 01:01:37 of the United States, and that's deeply problematic. Or you have to go, he's definitely gonna default. He's never not bankrupted a business. He's a terrible businessman. There is almost no chance that any of his business will remain solvent over the long run. They never have. In fact, in this story, I found out about another bankruptcy that it doesn't even count his six major bankruptcies.
Starting point is 01:02:03 Oh, wow. Okay, so anyway, when he defaults, then they are going to have to go and seize the assets of a sitting president. Man, they are so screwed. And their greed is what got them there. So super happy to see it. They're total embarrassment. One final tip for investigators who are looking into the fraud and all that stuff.
Starting point is 01:02:31 I would be curious to take his assets, which were determined through the loan process here and compare it to what he's claimed in his taxes. Well, hey, look, if you're looking into fraud and you want to see, hey, maybe he didn't overvalue his assets, let's look at his taxes and see how much money he actually has. Or undervalued his assets for the purposes of taxes. Oh, that's interesting. I guess they're going to have to look at it. Deutsche Bank, it was so unscrupulous.
Starting point is 01:03:01 One portion of the bank that also had given loans to Donald Trump, but also worked with Russian oligarchs, by the way, was called the global laundromat, because that's how much money laundering they did. Man, I hope prosecutors are going through every detail of what these guys did, not just because of Donald Trump, but because this is how they make money and then turn around and pretend to be geniuses. They constantly skirt the law, sometimes outright violate the law. Other banks have money laundered for al-Qaeda and Mexican drug cartels.
Starting point is 01:03:35 And when they get caught, do you think they go to jail? No, you buy or sell a joint on the street? and you're going to jail. They money launder for drug cartels, free to go. Even Obama's Attorney General, Eric Holder, said they're too big to jail. It would affect the global economy. So this is the sickness that we have in the financial industry. When we come back from the break, we are going to show you a Trump supporter who is in favor
Starting point is 01:04:02 of this country turning into a dictatorship. Thanks for listening to the full episode of the Young Turks. Support our work, listen ad-free, access members-only bonus content, and more by subscribing to Apple Podcasts at apple.com slash t-y-t. I'm your host, Shank Huger, and I'll see you soon.

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