NY Subpoenas Records On Huge Manafort Loans From Small Bank: WSJ | Rachel Maddow | MSNBC


>>> SO THIS IS THE NEWS THAT WE BUMPED RIGHT FROM THE TOP OF THE SHOW WHEN WE GOT THE BREAKING NEWS ABOUT THE HEALTH CARE BILL DYING IN WASHINGTON WE'RE CONTINUING TO KEEP AN EYE ON THAT TONIGHT

BUT I WANTED TO LET YOU KNOW THAT "THE WALL STREET JOURNAL" REPORTED THIS EVENING THAT A NEW SUBPOENA HAS BEEN ISSUED INTO THE INVESTIGATION INTO PAUL MANAFORT THIS IS FROM THE JOURNAL TONIGHT THE SUBPOENA IS FROM THE DISTRICT ATTORNEY'S OFFICE IN MANHATTAN, DIRECTED AT A SMALL BANK IN CHICAGO RUN BY A MEMBER OF PRESIDENT TRUMP'S ECONOMIC ADVISORY PANEL THE SUBPOENA IS REPORTEDLY SEEKING INFORMATION ON SOME GIGANTIC MULTIMILLION DOLLAR LOANS THAT THE TINY BANK GAVE TO PAUL MANAFORT IN NOVEMBER, THE MONTH OF THE ELECTION AND IN JANUARY, THE MONTH OF THE INAUGURATION AND I SAY THESE LOANS ARE GUYIAN APPARENTLY WHAT LOOKED NUTTY TO INVESTIGATORS ABOUT THE LOAN IS THE $16 MILLION THAT THE BANK GAVE TO PAUL MANAFORT, THAT $16 MILLION WAS ALMOST ONE QUARTER OF THE BANK'S EQUITY CAPITAL

I DON'T SPEAK BANKER EITHER BUT THAT MEANS THAT THE BANK HAD X AMOUNT OF MONEY IT COULD LOAN OUT IN TOTAL IN THE WORLD AND THESE LOANS THAT THEY GAVE TO PAUL MANAFORT WAS THEM LOANING HIM ONE OUT OF EVERY FOUR DOLLARS THEY COULD LOAN TO ANYBODY IN THE WORLD THIS ONE BANK BEBT OVER SO FAR TO GIVE HIM MONEY ONE OUT OF EVERY FOUR DOLLARS THAT THEY WERE ABLE TO LOAN THEY LOANED TO PAUL MANAFORT ALL AT ONCE WHEN THE CAMPAIGN WAS — WE REALLY DON'T KNOW WHAT WAS GOING ON THERE

BUT THE JOURNAL DOES RAISE ONE INTERESTING PROSPECT IN A NEW REPORT THEY POSTED TONIGHT QUOTING FROM THE JOURNAL TONIGHT THE BANK'S LOANS TO MR MANAFORT EQUALED ALMOST 24% OF THE BANK'S REPORTED $67 MILLION OF CAPITAL FROM THE TIME THE LOANS WERE ISSUED, MR

CALLING, HAD EXPRESSED INTEREST IN BECOMINGI MR TRUMP'S SECRETARY OF THE ARMY HE'S GIVING THESE GIGANTIC LOANS THAT HIS BANK CANNOT AFFORD STEVE CALQ IS THE HEAD OF THE LITTLE BANK IN SHI HE DID NOT BECOME SECRETARY OF THE ARMY

WAS THERE ANY CONNECTION BETWEEN HIM WANTING TO BE ARMY SECRETARY AND GIVING THOSE SEEMINGLY INEXPLICABLE GIANT LOANS? NO IDEA BUT THE JOURNAL IS RAISING THOSE TWO POINTS TOGETHER TONIGHT AND REPORTING THAT THE DA'S OFFICE IN MANHATTAN HAS SUBPOENAED THIS BANK IN CHICAGO FOR INFORMATION ON THOSE LOANS BEFORE

IT RHYMES WITH A LOT OF THE OTHER STORIES THAT WE'VE HEARD ABOUT PAUL MANAFORT IN MID JUNE WE LEARNED THAT THE FBI WAS LOOKING INTO MON THAT FORT'S REAL ESTATE DEALS IN SOUTHERN SOUTHERN IN APRIL WE LEARNED THAT A FEDERAL GRAND JURY SUBPOENAED PAUL MANAFORT'S BANK RECORDS IN MARCH, RICHARD ENGEL REPORTED THAT THE ATTORNEY GENERAL OF THE NATION OF CYPRESS HAD BEEN ASKED TO HAND OVER INFORMATION ABOUT PAUL MANAFORT'S OFFSHORE BANKING ACTIVITIES AND TONIGHT, NEW YORK PROSECUTORS FROM THE D

A'S OFFICE SUBPOENAING THIS BANK IN CHICAGO, RUN BY A CAMPAIGN ADVISER AND THAT'S ALL JUST THE LAW ENFORCEMENT STUFF WE ALSO LEARNED LAST WEEK IN THE "THE NEW YORK TIMES," ALMOST IN A PASSING REFERENCE, THEIR BIG STORY ON THE TRUMP TOWER MEETING WITH DONALD TRUMP JR AND PAUL MANAFORT AND JARED KUSHNER AND ALL OF THOSE RUSSIANS, THE PAR REN THET KL REFERENCE, PAUL MANAFORT HAD DISR DISCUSSED THAT MEETING WITH CONGRESSIONAL INVESTIGATORS

WHICH MEANS IN ADDITION TO HIM HANDLING ALL OF THESE SUBPOENAS, PAUL MANAFORT HAS ALSO APPARENTLY BEEN DISCUSSING THINGS WITH CONGRESSIONAL INVESTIGATORS I DIDN'T KNOW HE WAS TALKING TO THEM THERE WAS A PERIOD OF A COUPLE OF MONTHS HE SAID HE WOULD REGISTER AS A FOREIGN AGENT AND THE TIME WHEN HE FINALLY DID THAT MEANT IT WAS MONTHS AFTER A LOT OF PEOPLE HAD ASEEMED HE HAD DONE IT WHEN PAUL MANAFORT FINALLY FILED AS A FOREIGN AGENT AND DECLARED OVER A TWO-YEAR PERIOD HE HAD BEEN PAID $17 MILLION BY A POLITICAL PARTY IN UKRAINE THOSE NUMBERS MAY BE STARTING TO LOOK A LITTLE HINKY AS WELL

ANNE CRAMER AT THE "THE NEW YORK TIMES" SAID EVEN THOUGH PAUL MANAFORT SAID HE AND HIS FIRM WERE PAID NEARLY $17 MILLION FROM THIS POLITICAL PARTY IN UKRAINE, HE FOUND THAT THAT POLITICAL PARTY IN UKRAINE WHICH SUPPOSEDLY PAID THEM, THEY SAID THEY DIDN'T SPEND $17 MILLION ON ANYTHING THEY DIDN'T SPEND $17 MILLION IN TOTAL OVER THAT SAME PERIOD, NOT JUST ON HIM BUT ON EVERYTHING THEY SPENT MONEY ON COMBINED IN 2012 MANAFORT SAYS THIS UKRAINIAN POLITICAL PARTY PAID HIM THAT SAME YEAR THIS UKRAINIAN POLITICAL PARTY SAID IT ONLY SPENT $11 MILLION ON EVERYTHING IT SPENT MONEY ON THE FOLLOWING YEAR IT WAS WORSE

MANAFORT SAID HE RECEIVED $45 MILLION FROM THAT PARTY BUT THE POLITICAL PARTY SAYS IT DIDN'T SPEND $4 MILLION IN TOTAL ON EVERYTHING IT SPENT ON THAT YEAR IT'S LIKE, YOU KNOW, SHOWING UP AND — YEAH, MY LEMONADE STAND PAID FOR IT IF HE DIDN'T GET THE $17 MILLION FROM THAT POLITICAL PARTY AND THE RECORDS SAY HE DIDN'T, THEN WHERE DID HE GET THE $17 MILLION FROM? I DON'T KNOW AND NEITHER DO YOU BUT YOU KNOW WHAT? THERE'S ANOTHER THING HERE THAT REALLY, REALLY, REALLY DOES NOT MAKE

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