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Politico Publishes Fake News Trash About Trump Owing “Millions” to China

Politico sunk to the level of The New York Times and CNN this week, publishing a piece of shameful, fake news trash that told readers that President Donald Trump is hopelessly compromised, owing “tens of millions to the Bank of China.”

The story, as it was originally published, reported that Donald Trump in 2012 borrowed $900 million from the state-owned Bank of China to build a property on the Avenue of the Americas. According to Politico, the debt was coming due on this bill, meaning that Trump is beholden to the Chinese government in a manner “unprecedented” in American political history. They didn’t even bother to be subtle about the next part, which is that Trump’s debt to China “complicates his attacks on Biden” for being soft on the CCP.

This would have been a bombshell story had even a word of it been true. Unfortunately for Politico’s reputation, that isn’t the case. Even in an environment where the liberal media regularly publishes patently-untrue garbage at the expense of the president, this story was a doozie. Breitbart News raked the site over the coals on Friday, proving that nearly every relevant fact in the piece was wrong.

“President Trump is not the debtor and Bank of China is not the creditor on the loan to 1290 Avenue of the Americas,” Breitbart noted over the weekend. “Trump is the minority partner in a real estate deal that owns the building, had nothing to do with arranging the loans, and is not liable for their repayment. Bank of China was one of a consortium of lenders in 2012 that provided $950 million but sold its interest days later when the loan was repackaged into bonds for investors.”

Politico should have taken the article down and replaced it with a statement that they were firing the reporter responsible for this garbage and offered a profuse apology to their readers. Instead, they didn’t even offer a correction. They simply posted an “update” to the piece:

After the first version of this article was published, the Bank of China issued a statement Friday evening stating that it sold its debt on the building weeks after the 2012 loan on the property. Vornado Realty Trust owns 70 percent of the building.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

But despite this “update” demolishing the entire point of their original story, Politico kept the line about this situation complicating Trump’s attacks on Biden. It does nothing of the kind, because there IS no situation. This was fake news, and Politico is trying desperately to pretend that they didn’t get caught red-handed.

Shameful.

What do you think?

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Written by Andrew

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  1. These people are so pathetic, either they’re really stupid and don’t understand business or they know Biden is a loser and if they don’t make up something his loss will be tremendous. I don’t know how stupid you have to be to believe all this garbage, guess you have to be a liberal.

    • Bunch of cocksucking idiots work at Politico. These motherfuckers are not journalists. They are liberal pieces of trash with shit for brains.

  2. They crossed the line between irresponsible reporting and libel a long time ago. But, that’s why God made lawyers!

  3. Politico can join CNN, MSNBC, ABC and others in the journalism Hall of Shame. Like CNN they lead the world in retractions. A high school yearbook team could do a better job of reporting.

  4. I would like to know why there are no lawsuits pending. This was not a simple oops, but an outright lie, these clowns should be held accountable. Perhaps if they had to pay out Millions in fines, court costs, and money to the defendant, one Donald Trump, it would send a signal to the rest of the rats in the media to watch their step and make sure what you are saying is the truth and not just a fairy tale. If they are going to write fiction then they should lead off the story with a disclaimer that this is, in fact, a Fairy tale, then we will all have a good laugh and move on to the real news. Like Donald Trump, is Re-Elected for a Second Term as President of the United States.

    • It is long past time for the FCC to get involved in the News Media Business as it is now classified. News should be under a Banner. This Banner would be displayed over all segments that are classified as news. This would include Weather Reporting, Traffic Reporting, Natural Disasters or important NEWS. OPINION, when offered must flash OPINION over the person or broadcast segment. Likewise when OPINION is clouding commentary, it must be announced. In this manner, we separate fact from fiction, news from what we wish it was. Failure to identify OPINION from NEWS would leave the broadcaster liable for legal action. These cases would be civil and so, the burden of proof is not as steep. Irresponsible accusations would lead to quick and decisive reactions. No one would be shielded. Exaggerations or miss-spoken numbers aside, gross miss-characterization of acts and actions would be prosecutable. The existing News Media would become unrecognizable. A new Court would have to be started just o handle the initial flood of new cases. Journalism schools would have to be purged to allow room for the new flock of Journalists and they could not be taught by the old professors who led the current crew to where they are. I would buy a ticket to watch this!

  5. Looks like the media intends to get worse rather than clean up their act! Politico sliding into the same shit hole as NYT, CNN, and MSNBC! When the Dems get tossed from their perch the media sluts are going to get it too!

  6. China kinda reminds me of the Democratic party , communist in nature , and LIE about everything . Just because Democrats want to believe their lies . They accuse without any proof is their insanity . And then expect Republicans to prove their Innocents . Their ass-backwards on our Justice system . Time to hold Democrats accountable , come on I G REPORT.

  7. Why is Politico still classified as a news site? Is the National Enquirer a news site? Is Sesame Street a news site? Is Saturday Night Live a news site? No? They are as accurate and trusted as Politico.

  8. To steal a phrase from Michener.. “When the crunch comes” my hope is that they an dthe rest of the crooked media and its minions will get thoroughly crunched.

  9. If these publishers can not print the truth then they need to be shut down.
    They are printing lies and that is obscene behavior. I think the President
    should sue them for everything they own and then some. All of these Leftist
    publications that lie like dogs need to be taken down and put out of business.

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