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THE OFFICIAL MEA CULPA WITH MICHAEL COHEN ARCHIVE

Inside the NY Judge’s Ruling That Will Bankrupt Donald Trump + A Conversation with Tara Setmayer

THE OFFICIAL MEA CULPA WITH MICHAEL COHEN ARCHIVE

Audio Up Media

Politics, News

4.78.8K Ratings

🗓️ 29 September 2023

⏱️ 73 minutes

🧾️ Download transcript

Summary

Mea Culpa welcomes back one of our favorite people from the Lincoln Project, Tara Setmayer. She’s a former CNN political commentator, a contributor to ABC News, and a former GOP Communications Director on Capitol Hill. Setmayer has appeared on ABC's The View, ABC's Good Morning America, and HBO's Real Time with Bill Maher. She was named a Harvard Institute of Politics Spring 2020 Resident Fellow. Also in 2020, she joined The Lincoln Project as a senior advisor. Setmayer hosts the live show "The Breakdown" alongside co-founder Rick Wilson, on the organization's streaming channel, LPTV. She’s also a fierce critic of the ongoing MAGA agenda and what she views as the GOP’s shameful inability to move beyond its toxic politics. She joins me today as we celebrate the ruling against Donald Trump by Judge Engoron. 

Transcript

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0:00.0

This is Michael Cohen and you're listening to the Mayor Culpa podcast.

0:27.8

It was a big day for yours truly yesterday, as Donald Trump's lies and bullshit finally

0:33.6

met a dead end in the New York courtroom of Judge Arthur and Goran, who ruled that

0:39.1

Trump and his company be held liable for fraud for inflating his net worth in order to

0:45.4

deceive banks and insurers, resolving one of the key claims in the civil fraud lawsuit

0:51.5

brought by the New York State Attorney General just days before a trial is set to start.

0:57.2

Judge and Goran, in a blistering and angry ruling, rejected outright Trump's request

1:03.7

for a range of pretrial victories, calling his arguments rehashed and erroneous.

1:11.3

Judge and Goran's ruling on Monday is also complete rejection of Trump's bullshit arguments

1:17.6

that he didn't inflate the values of his golf courses, his hotels, homes, Mar-a-Lago,

1:24.2

and seven springs on his financial statements.

1:28.1

And I quote, in defendant's world, rent-regulated apartments are worth the same as unregulated

1:34.9

apartments.

1:36.6

Restricted land is worth the same as unrestricted land.

1:41.1

Restrictions can evaporate into thin air, a disclaimer by one party, casting responsibility

1:47.1

on another party, exonerates the other party's lies the judge wrote in the decision, instead

1:54.1

the judge gave a major victory to Attorney General Letitia James, immediately revoking

2:00.2

Trump's license to do business in the state of New York.

2:04.2

Attorney General Letitia James's office has submitted conclusive evidence that the former

2:10.1

president and his co-defendants overvalued their assets by between 812 million and 2.2 billion

2:18.9

from the years 2014 to 2021 and Goran wrote in a court filing,

2:25.4

even in the world of high finance, this court cannot endorse a proposition that finds a

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