The Trump-Cohen tape is out on CNN and this "cash' element of the controversy is crazy:
Cohen told Trump about his plans to set up a company and finance the purchase of the rights from American Media, which publishes the National Enquirer.
"I need to open up a company for the transfer of all of that info regarding our friend David," Cohen said in the recording, likely a reference to American Media head David Pecker.
Trump interrupts Cohen asking, "What financing?" according to the recording. When Cohen tells Trump, "We'll have to pay." Trump is heard saying "pay with cash" but the audio is muddled and it's unclear whether he suggests paying with cash or not paying. Cohen says, "no, no" but it is not clear what is said next.
No payment was ever made from Trump, Rudy Giuliani, the President's attorney, has said. Giuliani has previously acknowledged that the recorded discussion related to the buying the story rights.
Davis later added: "Ladies and gentlemen, if you voted for Donald Trump, listen to the tape and ask yourself: Is Donald Trump lying when he said he didn't use the word 'cash' and accuses Michael Cohen of using the word 'cash'? Cohen has been disparaged. Cohen has been insulted and called all sorts of things by people around Donald Trump."
Alan Futerfas, a lawyer for the Trump Organization, refuted that the tape shows Trump was offering a cash payment.
"Whoever is telling Davis that cash in that conversation refers to green currency is lying to him," Futerfas told CNN. "There's no transaction done in green currency. It doesn't happen. The whole deal never happened. If it was going to happen, it would be a payment to a large company that would obviously be accompanied by an agreement of sale. Those documents would be prepared by lawyers on both sides."
Cash, in the conversation, was in reference to how a deal would be financed, Futerfas added.
"The word cash came up in the context of the distinction between financing, which is referenced, and no financing, which means a full payment, a total one-time payment. That's the context in which the word cash is used," he said. "Anyone who knows anything about the company or how the President does business knows there is no green cash. Everything is documented. Every penny is documented."
I refuse to doublecheck but I am confident Cohen had a contract with Ms. MacDougal, or Stormy, or both. No mention of a suitcase with unmarked twenties of a bag of Trump Casino chips.
Davis told Cuomo the tape clearly shows that it’s Trump who says “cash” and declared, “Richard Nixon couldn’t spin the tape that did him in, and there’s no way that Mr. Giuliani, who knows from being U.S. Attorney, the only people who use cash are drug dealers and mobsters. Cash is not what you do, and it was Michael Cohen who said, ‘No, no, no, no.’ And Donald Trump, despite what Rudy Giuliani said publicly, the tape contradicts Mr. Giuliani and the word ‘cash’ is heard by everyone.”
Well. On Wall Street people talk about cash financing all time and never mean green bills. I have even bought a car in a "cash deal", or at least, in a deal that involved neither a lease nor any financing (Yeah, that's how us high rollers roll. Four year old Highlander, but whatever...). And it's not just me!
Buying a Car: Should You Pay With Cash if You Can?
It may seem like a smart idea: You're buying a car, and you can afford to write one check for the entire vehicle, which means you'll never have to make a payment. You should go ahead and do that, right? Not necessarily. We explain why it isn't always a great idea to buy a car with cash, even if you can afford to do so.
Wait, what? Buy with cash by "writing a check"? Whatever could that mean?
As to the notion that only drug dealers and mobsters use actual cash, hmm - maybe that is why so many people are afraid of their plumber. It's not Trump, it's the tax evasion! I guess Mr. Davis has never met a small businessman who sometimes mis-estimates his business receipts, at least as far as tax reporting goes. I've heard it happens.
Well. I have thought for a while we were at least making progress through the foothills on the way to Peak Stupid. Now I'm wondering if we are stuck on Mesa Stupid.
BUT THEN AGAIN! Can't spell "Mensa" without "Mesa"!