April 26, 2020 Entire Premise of Politico’s Bank of China ‘Bombshell’ Proven False

For four years, the same thing has happened over and over: the media publishes a negative report about President Trump, claiming it’s a bombshell. But soon the story falls apart. A clarification and edits are made, and another massive media fail is swept under the rug. Aggregated stories that ran with the original false report are never corrected.

It happened again Friday. Politico reported that President Trump “himself” owed millions of dollars to the Bank of China, and the bill was scheduled to come due “in the middle of what could be Trump’s second term.”

That was entirely false – Donald Trump was never the borrower – but the story has since fallen apart even further. Politico has changed its story to reflect the fact that the Bank of China’s involvement was limited to 22 days in 2012. In other words, eight years ago, a private citizen and international businessman’s business was a passive minority investor in a limited partnership that owned a New York City building that was refinanced with a loan from a consortium of banks, and three weeks later the Bank of China no longer had any ownership interest in the loan. Quite a scoop, guys!

This means the entire point of Politico’s false story – that President Trump was in debt to the Chinese – was wrong. The story is now gutted given the significant “clarification,” but it should have been retracted completely.

A retraction, though, would not serve Politico’s original purpose for printing the false story: provide cover for Joe Biden’s son Hunter getting a sweet deal from the Bank of China right after flying to China on Air Force Two with his father the Vice President, a trip on which Hunter arranged for his Chinese business partner to meet the VP.

There is no comparison, and there never will be. President Trump – and his children – were successful business people before he ran for president. Hunter Biden was never successful at anything – he had only one thing going for him, and it was his last name. That’s why he got a job with a credit card company based in Delaware that was a big supporter of Joe Biden’s political career. That’s why he was handed gigs at the U.S. Commerce Department and the Amtrak board and worked as a lobbyist in between. That’s why he got special waivers to join a special U.S. Navy Reserve staff program. And that’s why a shady Ukrainian fossil fuels company and China threw potentially billions of dollars at him while Joe Biden was Vice President.

Joe Biden’s family has been cashing in on his career for decades. They even allegedly monetized the Biden Cancer Initiative.

Hunter Biden’s lawyer claims Hunter stepped down from the board of the Chinese private equity firm, but Hunter still apparently holds a financial stake in it. Perhaps the media could look into that?