Politico reported that President Donald Trump had owed “tens of millions” to the Bank of China USA only for the bank to point out it had sold the debt.
Politico reported the borrowed funds were scheduled to be paid back by 2022 in the piece headlined, “Trump owes tens of millions to the Bank of China – and the loan is due soon.”
Trump’s “tens of millons” in debt held by the bank however, is non-existent, and was sold off by the China-owned financial institution shortly after the deal. Even worse, Politico admitted their reporters never reached out to the bank to inquire about the loans.
Politico Effectively Retracts Entire Trump China Article https://t.co/yFNeKbom5A
— Mollie (@MZHemingway) April 28, 2020
🚨FAKE NEWS EXPOSED AND RETRACTED🚨https://t.co/5nX7206iSg
— Marc Lotter – Text TRUMP to 88022 (@marc_lotter) April 28, 2020