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The Warning with Steve Schmidt

Steve Schmidt on Don Lemon's "Hot Topics:" Trump's $1.8 Billion Heist

The Warning with Steve Schmidt

iHeartPodcasts

Politics, Government, News

4.61.1K Ratings

🗓️ 19 May 2026

⏱️ 20 minutes

🧾️ Download transcript

Summary

Today, Steve Schmidt joined Don Lemon's "Hot Topics" to break down the $1.8 billion slush fund -- at  taxpayers' expense -- that will be used to benefit Donald Trump's allies and loyalists, including January 6 insurrectionists. Former Capitol Police Officer Michael Fanone and attorney Monique Pressley also joined the discussion. 

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Transcript

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0:00.0

This is an I-Heart podcast.

0:02.6

Guaranteed Human. To our sponsors, I'm going to bring in now some folks who to help discuss this with Michael and with me. Monique Presley is an attorney, illegal analyst, and the host of the Monique Presley show. And Steve Schmidt is here, strategist and founder of the Save America Movement and the warning with Steve Schmidt. Thank you so much. Both of you for joining us. I appreciate it.

0:21.6

American Patriots and Heroes, I certainly believe. Monique, we have been wondering, is this legal?

0:28.6

We had an attorney on yesterday who said this was basically, and these are her words, criminal conspiracy

0:33.6

that is being carried out by the Attorney General of the United States, Todd Blanche, who is,

0:38.3

by the way, speaking on the Hill right now.

0:40.3

He is. And you know what? They, like everything else, they might get away with it,

0:46.3

temporarily at least. And that is the unfortunate part that I've had to talk about on your show any number of times when

0:56.5

you have corrupt people in places of power and they do things that people of good conscience

1:05.0

who actually care about helping the citizens of this country frankly would not even consider doing then we really find

1:13.1

out the full limits the the strain points of our constitution and of our governing body

1:19.8

and so what we have now and I agree with Liz Oyer who better to talk about it than a former

1:27.2

head of the pardon attorneys for our country

1:30.5

under the Biden administration and a little smidge of this current Trump administration,

1:35.6

calling it a criminal conspiracy, calling it self-dealing.

1:39.1

It's likely all of those things to sue an entity, the IRS that you control, and then to settle the entity

1:46.1

and in the settlement, you prop up another entity that you control. You're not supposed to be

1:52.1

controlling it, but you do, the Department of Justice, and to then use a fund, frankly, that's

1:58.1

supposed to be there in order to repair breaches in order to

2:02.6

help black farmers in order to help Native American farmers it was targeted

2:07.4

it is targeted as the place where they thought reparations for for black

2:13.2

Americans could come from because that judgment fund should have the ability to repair

...

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