Quote (excellence @ 28 Apr 2020 19:46)
politico doesn’t usually fall for this running #fakenews crap
tabloids like wapo, nyt, buzzfeed, huffpo, abc, cnn etc. usually do, just surprised that politico did this time
It's explained in the article:
Quote
"There remained an unresolved discrepancy. A 2017 document filed by the loan servicer, Wells Fargo, with the New York Department of Finance listed Bank of China as having a financial interest in the building, 1290 Avenue of the Americas in Manhattan. That record, known as a UCC3, indicated that Bank of China had a “secured” interest in the building’s fixtures in case of default on the loan. The 2017 document is valid until 2022, when the loan comes due.
POLITICO attempted to reach other parties to the refinancing throughout the weekend and Monday. Wells Fargo on Monday confirmed the Bank of China’s statement that it had been listed as a creditor on the building in error. Bank of China said Wells Fargo is taking steps to correct the record with an updated filing."
So there were incorrect or sloppily updated financial records by the parties involved, which made it look as if the Bank of China was still invested in a Trump venture. I wouldnt blame Politico too much for falling for this, although they indeed should have double checked the correctness of these reports before building a scathing and politically delicate article around this piece of information.
This post was edited by Black XistenZ on Apr 28 2020 03:55pm