Notes:

So Politic ran a story that all the other media parroted--Trump owes millions to a Chinese state run bank, the Bank of China. Except…it was wrong. The mortgage was broken up into mortgage-backed securities which were resold in the bond market so BoC hasn’t owned any part of the mortgage since 2012. The politico writers didn’t understand how the banking system worked. Politico changed their headline from “Trump owes tens of millions to the Bank of China -- and the loan is due soon” to “Trump owed millions to the Bank of China” But they didn’t issue a correction. Nice journalism there.