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New Day
Hillary Clinton and Donald Trump Announce Release of More Medical Records; Hillary Clinton Gives Interview about Transparency in Presidential Race; Trump Addresses Questions About Business Ties If Elected. Aired 8-8:30a ET
Aired September 15, 2016 - 08:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[08:05:00] ALISYN CAMEROTA, CNN ANCHOR: Good morning, everyone. Welcome to your NEW DAY. First up, Hillary Clinton set to get back on the campaign trail today after being sidelined for three days with pneumonia. Clinton releasing a letter to the public from her doctor declaring that she is, quote, "fit to serve as president." We have a new interview with Hillary Clinton. She just spoke to our Don Lemon.
CHRIS CUOMO, CNN ANCHOR: Donald Trump is also offering some details about his health. But he's doing it on a daytime talk show. He's doing it on Dr. Oz. And on it Trump is acknowledging that he's overweight. He wants to lose some weight. And he also is teasing a full report that is going to come out from a recent physical soon.
The stakes could not be higher. We only have 54 days until Election Day. In some states voting is just eight days away, so all of this can play into actual votes. And you have 11 days until the biggest moment of this election, the first debate. We've got it all covered. Let's begin with new reporting from senior Washington correspondent Jeff Zeleny. Jeff, what do we know?
JEFF ZELENY, CNN SENIOR WASHINGTON CORRESPONDENT: Good morning, Chris. Hillary Clinton is heading to North Carolina later today, her first trip back to the battleground state in exactly a week after spending four nights here at home in Chappaqua resting and recovering from pneumonia.
Now, her doctor is releasing new medical records this morning which we'll see in a second here. Donald Trump so far is promising to do so. All this is happenings at transparency or the lack of is suddenly front and center in this presidential race.
(BEGIN VIDEOTAPE)
ZELENY: Hillary Clinton's campaign releasing a two-page letter from her physician, Dr. Lisa Bardack, shedding more light on Clinton's pneumonia diagnosis. It says Clinton continues to improve after nearly collapsing while leaving early from the 9/11 memorial in New York on Sunday.
Aides initially said she overheated. Dr. Bardack now says Clinton had a chest x-ray last week which revealed a mild, noncontagious bacterial form of pneumonia. She was placed on medication for 10 days. It was her second visit to the doctor in a week. Dr. Bardack writing "She is recovering well with antibiotics and rest. She continues to remain healthy and fit to serve as president of the United States."
UNIDENTIFIED MALE: Why not share your medical records?
ZELENY: Donald Trump taking to daytime TV to reveal his version of a doctor's note from a recent physical on the nationally syndicated "Dr. Oz Show."
DONALD TRUMP, (R) PRESIDENTIAL CANDIDATE: I have really no problem in doing it. I have it right here. Should I do it? I don't care.
(APPLAUSE)
ZELENY: Trump handing Dr. Oz a one-page summary of his exam.
UNIDENTIFIED MALE: So these are the reports --
TRUMP: Those were all the tests that were just done last week.
ZELENY: The document falling well short of calls for more detailed information on Trump's medical history.
TRUMP: I feel as good today as I did when I was 30.
ZELENY: Audience members say Trump acknowledged he is overweight, wants to lose a few pounds, and doesn't exercise. Trump also acknowledged he's on medication to lower his cholesterol. But all this didn't stop Trump from taking a jab at Clinton's health last night in Ohio.
TRUMP: Oh, you think this is so easy? In this beautiful room that's 122 degrees. It is hot! And it's always hot when I perform because the crowds are so big. I don't know, folks, you think Hillary would be able to stand up here for an hour and do this?
(BOOS)
TRUMP: I don't know. I don't think so.
ZELENY: Bill Clinton campaigning on his wife's behalf dismissed the attacks against her.
BILL CLINTON, FORMER U.S. PRESIDENT: It's crazy time we live in when people think there's something unusual about getting the flu. Last time I checked, last time I checked, millions of people were getting it every year.
ZELENY: An aide to the former president said he misspoke when he said she had the flu. He meant to say pneumonia.
(END VIDEOTAPE)
ZELENY: Now advisers to Donald Trump say he will release at least some of those results from that exam from last week, but far short of what any recent presidential candidate has done in a campaign. He, of course, is 70-years-old, Hillary Clinton, 68, turning 69 next month. She is winning the transparency contest right now, Chris and Alisyn. But up next is taxes. I am told by an adviser to the Clinton campaign this morning she is going to press Donald Trump on his failure to release tax returns. That is the next volley here in this transparency fight in the presidential campaign.
CAMEROTA: Jeff, thank you for that reporting.
All right, CNN's Don Lemon just spoke to Hillary Clinton in a new interview for the Tom Joyner morning radio show, and Don joins us now with what she had to say. Don, thanks so much for coming in.
DON LEMON, CNN CORRESPONDENT: Good morning. It's early.
(LAUGHTER)
CAMEROTA: It is early. But so you, you covered soup to nuts with her.
LEMON: Yes.
CAMEROTA: Tell us about it.
LEMON: She's really, as Jeff said, she's tying this whole thing, whether it's her medical records, whether it's e-mails, whatever in this transparency angle, this bubble that she's doing. She's saying every time I talked to, asked her about the medical records, when she's going to release them, what her comments were about what Colin Powell said about her, she turned it around to she's concerned about hacking, but she's also concerned about transparency. She said if you look at the medical records, if you look at taxes, if you look at all of this, she's been more transparent than Donald Trump. Here's Hillary Clinton.
(BEGIN VIDEO CLIP)
[08:00:12] LEMON: I have to ask you about something that's new in the news. The former secretary of state Colin Powell in his hacked e- mails has criticized you and your, quote, this is his saying, "minions," for trying to drag him into your e-mail server problem. He concludes by saying, quote, "Everything HRC touches she kind of screws up with hubris," and that's the end of the quote.
How do you answer him and critics who say, whether it's your e-mails or disclosing your health issues or even pointing out Trump's flypaper-like ability to attract racially insensitive or "deplorables," as you call them, somehow the message gets screwed up?
HILLARY CLINTON, (D) PRESIDENTIAL CANDIDATE: You know I have a great deal of respect for Colin Powell. And I have a lot of sympathy for anyone whose e-mails become public. I'm not going to start discussing someone else's private e-mails. I've already spent a lot of time talking about my own, as you know.
What I think is really important about these e-mails, is the chilling fact that the Russians are continuing to attempt to interfere in our election. And, you know, I have to say, I'm increasingly concerned by how we've seen Donald Trump's alarming closeness with the Kremlin become more and more clear over the course of this campaign. It's deeply concerning, and there's a lot that Trump should answer for because these attempts by Russia to interfere in the election, are ones that go right hand in hand with his closeness to the Kremlin, his flattery of Putin.
And it's not just me that is noticing this. It's fellow Republicans of foreign policy and national security experience, NATO leaders. So I'm going to keep, you know, raising the alarm about Russian influence, and that, of course, raises questions about who Trump actually does business with.
LEMON: Can I -- can I just follow and say that by hubris he's saying that you're -- you're stepping on your message. He's insinuating that you step on your message through hubris or arrogance or not being transparent. How do you respond to that specifically?
CLINTON: Again, I'm not -- you know, I'm not going to comment on anything that is said in a private e-mail.
LEMON: And even to critics beyond the former secretary?
CLINTON: Well, but I think I've worked very, very hard to be more transparent than not just my opponent, but really in a comparison to anybody who's run, you know. The medical information I've put out. And we're going to put out more, meets and exceeds the standards that other presidential candidates, including President Obama and, you know, Mitt Romney and others have met. My tax returns are out there, 40 years of transparency about my tax returns.
So I think that the real questions need to be directed toward Donald Trump, and his failure to even meet the most minimalistic standards that we expect of someone being the nominee of one of our two major parties.
LEMON: Do you know when your medical records are going to -- the rest that you said you'll release, because he says he's releasing some soon. Do you know when you're going to release the rest of yours or more information?
LEMON: More information I think will be very shortly, because, you know, we really want to respond to legitimate questions that people might have. I'm very touched by the concern that's been set forth about my health. I'm really glad that I did finally follow my doctor's orders and take some days to rest instead of just trying to keep powering through, which I think is common experience for people. So we're going to put out more information. And that will be, then, twice as much as he put out. And we'll see what, if anything, he's willing to disclose.
LEMON: Secretary Hillary Clinton, we're going to take a break, and then we'll come back.
(END VIDEOTAPE)
CUOMO: "Disclosure," "transparency," big words coming up there. Let's bring in Don Lemon, also joining us CNN's chief medical correspondent Dr. Sanjay Gupta. We'll talk health. We'll talk the politics here. She was very directed in her answers to your questions Don. There a new iteration of message. What did you pick up?
LEMON: She is. But first, before we get there, because I have Sanjay here. When she started talking the first thing I noticed was that she didn't sound the way she sounded this weekend in the interview with Anderson, right? She sounded like, "hi Don!" This is the answer to my question, I don't know if that was deliberate but she did sound stronger and everyone who is on the "Tom Joyner Morning Show" with me said you do sound stronger and we wish her the best of health. That was recorded yesterday. But she seemed to, you know, intimate that she's going to release more records as she did yesterday, a doctor's letter. But I'm wondering from Sanjay what else can she release? Is there more?
[08:10:05] DR. SANJAY GUPTA, CNN CHIEF MEDICAL CORRESPONDENT: Well, I mean, the big question has been, look, are you going to release records or are you going to release essentially what is a summary done by someone's interpretation of those records who happens to be someone who you're collegial with, your doctor/friend sort of person. Again, it's not to suggest that's what's in those summaries is inaccurate, but sometimes the reason you look at medical records is you don't know what you don't know. You don't know -- and so there are certain questions that come up. First of all, to answer your question, I doubt we're going to see anything more. I don't know that we're going to see anything more from her --
CUOMO: Raw data.
GUPTA: Raw data. I don't know if that's going to happen. But that's been sort of the big question. They say they've met the standard that other campaigns have had in terms of what they have --
LEMON: Except for John McCain they really have.
GUPTA: But, you know, the idea of releasing medical records and letting someone independent look at those things and just making sure that all the questions that determine if someone's fit to lead are answered.
CAMEROTA: Let's bring in David Gregory, CNN's political analyst. David, what did you hear in Don's interview? I mean, she touched a lot of bases. She talked about Russia, she talked about taxes, she talked about Colin Powell. What did you hear?
DAVID GREGORY, CNN POLITICAL ANALYST: Well I want to come back to Russia in just a second. But Sanjay said something earlier that I think is really important, which is I think you want as much information as you can get, and to your point, Alisyn, you may not want, I have images here of my medical results. Shall we show them?
CAMEROTA: No, thank you.
GREGORY: No. I know. But the point is, to Sanjay's point, you don't necessarily have to do all that, but you want somebody who is independent who can do this kind of review. McCain was different. He had cancer. He had melanoma. So it was extra reason. But I think more information is better than less.
I keep getting caught up in Hillary Clinton's argument that she wants to be compared to Donald Trump. That's not the standard. His disclosures are insufficient. I think that can be said objectively based on precedent in a presidential run. But she should be still releasing more, and the -- she should be compared to what is reasonable in this regard. And I think as much as you can put out is appropriate and should be independently reviewed by people like Dr. Gupta, and others who have done it in the past who can make a judgment.
The Russia piece is interesting because I think it's very good politics. It happens to be really frightening that Russia is going to the lengths that it's going to potentially influence the election, to hack top people in the country in positions of authority, to hack their e-mails. That should be a significant concern just as cyber- terror and cyber-crime should be a concern more generally in our national security.
LEMON: There's another part of the interview that airs. It's probably airing now because they took a break in -- where she talks about her "deplorables" comment, where she doubled down on the hate and the alt-right and what she this Donald Trump is attracting --
CAMEROTA: What did she say? In other words, she's not apologizing --
LEMON: She's not apologizing. She in fact used the word "deplorable" herself. She said I have criticized his "deplorable" -- she said "deplorable," not "deplorables" -- I have criticized his deplorable campaign. So she's doubling down on that. And I think --
CUOMO: It's the 50 percent she said she overreached.
LEMON: She overreached. I think she's pushing back because she this she's right on this issue. And I think she -- people were a little bit upset that they -- you know, she appeared to back down a little bit. So she did discuss that.
But she keeps pushing transparency, Russia, Donald Trump is not transparent as she is, Russia or at all she doesn't believe less so than any other candidate, and she is not, again, not backing down, really doubling down on the hatred that she believes he's stirring up.
CAMEROTA: That's different. The deplorable is about his own campaign and what he has said is different than what she said about his supporters. I mean, that's where people thought it went a bridge too far. Did she say anything about his supporters or was she just talking about the campaign he's running?
LEMON: She said his campaign. She didn't say anything about his supporters.
CAMEROTA: I think that's different.
LEMON: It's always bad, as you know, coming from a political family, to, you know, say bad things about voters even if they're not your supporters.
CUOMO: Yes. You don't --
LEMON: Attack a campaign but not the voters.
CUOMO: Just a human being, you know when you attack somebody's support base in anything you're making a mistake, especially what we've seen learned in the primaries here that when you disrespect Trump, that's OK if it's on the merits. When you disrespect people for believing and wanting change and being angry about status quo, you wind up being --
LEMON: I also spoke with her about the polls, and she said, you know, the standard answer, "I've always thought this campaign was going to be close." That's what she said. But you know when you consider that Hillary Clinton, you know, history, her resume, what she's done, how long she's been around, I mean, you know objectively you should say she should be further ahead in the polls. In a political --
CUOMO: Except the GOP, this is their race to win cyclically.
LEMON: Yes.
CUOMO: It's their race to win, and many argue she's --
LEMON: It's hers to lose.
CUOMO: That's right. Well, that was the presumption. Now in this period, it can go either way. And many people suggest, yes, she should be beating Trump because of her resume, but if she'd been running against a John Kasich she may have had more than she could handle well before this point.
LEMON: Exactly.
CAMEROTA: David, what are --
GREGORY: I'm just looking at our banner there when she said that she always knew it was going to be a close race. No, that's not true. I mean, I was looking at videotape just earlier on YouTube about she and others in the media saying that Trump was -- was a joke, that he wasn't a serious candidate. So you can't say you always thought it was going to be close.
[08:15:03] And the reality is that in going after some of his supporters, some of which is certainly accurate in terms of the views of some of his supporters, whether they're anti-Semitic or racist or homophobic or Islamophobic, I mean, that is just true.
And the truth is that Trump has not stood up to some of those people. Anti-Semites, for example, given the fact that he has a Jewish grandson, and has not stood up to those people within his own campaign. So, she's got reason to do that but the point is, it's glossing over the fact when she made a comment like that --
CUOMO: He has a Jewish daughter. She converted. GREGORY: She has a Jewish daughter, precisely. And, as you know, I
mean, converts in the Jewish held up above all in the Bible, Ruth.
But the point is there are certainly there are factors here about the support for Trump that go well beyond that. And, of course, nobody likes to believe about themselves that they may be biased or racist, or in any way and so that's why that just kind of missed the mark on her point of what she was trying to say.
CAMEROTA: We have more sound.
LEMON: Yes, we have that part David. Let's listen to it.
(BEGIN VIDEO CLIP)
HILLARY CLINTON (D), PRESIDENTIAL NOMINEE: Donald Trump has run a deplorable campaign. He has accepted support and been cheered on by the likes of David Duke, the former grand wizard of the Ku Klux Klan and other white supremacists. In fact, it was amazing the other day his running mate, Mike Pence, wouldn't even call former KKK leader David Duke deplorable.
And, I do think we have to speak out against this hatred. You know, Trump attacked a federal judge for his Mexican heritage. He bullied a gold star family because of their Muslim faith. He promoted the lie, and he still is promoting the lie, that our first black president is not a true American.
He calls women pigs and bimbos. So, --
(END VIDEO CLIP)
LEMON: Yes. And it's true and that's you know I don't think that maybe the Trump campaign is a little bit tone deaf, they -- at least they say that they don't think that the birther thing is a big deal and what's important to African-Americans are jobs and whatever. Of course, that's important.
But, by doing what Donald Trump did with the birther thing, taking it beyond wherever it started, sending people to Africa, investigators at least him saying that, doubling and tripling down on that, and then saying he didn't believe the birth certificate was accurate. That insulted 99.999 percent of African-Americans.
He may not see it as racial. Maybe that was not his intent. I don't believe that -- I do believe that that was -- that was the result, whether or not that was his obvious intent. And so that's insulting to African-Americans and he still has yet to apologize for that and I think that is going to hurt him when it comes to black support.
GREGORY: Yes, he apparently still believes it. He not only has apologized there's no indication that he doesn't still believe that.
LEMON: Rudy Giuliani and his surrogates say he believes the president was born in the United States but he has yet to say that --
GREGORY: Right.
The point is that I think don as you point out this was absurd that he ever would advance this notion and he wants to be president of the United States. What's interesting to me, you're interview with Hillary Clinton and what she said how she broke down those examples they've got an ad up I don't know if it's in the battlegrounds, it was certainly on national cable, I saw it on our air in, which she take his criticism of her, that know segments of the electorate, which she did in that "basket of deplorables" remark, and then shows all of the examples that she listed to you and says, right, we agree with him exactly you shouldn't do that.
So, I think she's willing to take her lumps, that this was something that she shouldn't have said. She offended some people. But, you know, whether it had some resonance in the polls against her we're going to find out. But she's trying to counterpunch here by bringing up all these areas where he said and believed what he believes.
ALISYN CAMEROTA, CNN ANCHOR: David, Sanjay, Don, thank you. Don, thanks so for sharing that interview with us.
All right. The Trump Organization and Clinton Foundation under the microscope today. So, we're taking a closer look at both of them this morning, starting with what should happen to Donald Trump's organization if he is elected president. We discuss that next.
(COMMERCIAL BREAK)
[08:22:48] CUOMO: All right. I hope you've been watching NEW DAY this morning. We just have a fresh interview with Hillary Clinton. She did it with Don Lemon and a bunch of his fans on the Tom Joyner show they do the radio show together and they interviewed Hillary Clinton.
There's a lot of interesting takes in it about transparency and what should be the state of play in this election.
Let's discuss wit a little focus on this new comparison of the Clinton Foundation, and the Trump organization. What should happen to the Trump organization?
Donald Trump talked about it this morning. He said if he's president -- take a listen.
(BEGIN VIDEO CLIP)
DONALD TRUMP (R), PRESIDENTIAL NOMINEE: Well, I will sever connections and I'll have my children and my executives run the company and I won't discuss it with them. I would -- it's just so unimportant compared to what we're doing about making America great again. I just wouldn't care.
Now I guess you could say there's a conflict because the company -- as the country gets stronger, that's good for all companies, right? But I wouldn't care. It's so unimportant compared to what I'm doing right now. (END VIDEO CLIP)
CUOMO: All right. So that's the first time we've heard Trump say that he would step away from his organization in any way. He suggests it wouldn't matter because the natural conflict would be, that the rising tide would raise his company again.
That is not the consideration of conflict so let's discuss.
We have senior adviser to the Trump campaign Boris Epshteyn, and we have New York's City Council speaker and Hillary Clinton supporter, Melissa Mark-Vivento.
Good to have you both.
MELISSA MARK-VIVENTO, HILLARY CLINTON SUPPORTER: Thank you.
CUOMO: So, transparency, what we know and what it shows. That's the topic for debate. Hillary Clinton just did an interview with Don Lemon. She says, boy, there's a lot of talk about what I put out. Not as much talk about what he puts out.
Let's look at the Clinton Foundation. You know all this information about it, you rake me over the coals about pay for play. There's no proof.
The Trump Organization, he won't release any information about what's going on.
Why do you believe this is a good line of attack for you guys?
MARK-VIVENTO: Let's be clear. There's no comparison here. You're talking about a nonprofit charitable organization that is giving millions of dollars away as opposed to a for-profit company that is benefiting from business ties in other countries. And can put the security of our country at risk.
Let's be clear about one thing. This individual Donald Trump is receiving intelligence briefings as we speak, and yet he has these interests in this organization as a company which is for-profit.
[08:25:01] That should be of concern to any voter.
And so, this is a real difference. You can't compare a for-profit company with a nonprofit charitable organization.
(CROSSTALK)
CUOMO: One thing, you know, as, as a lawyer, you know, and somebody who has a mind for making the case, I feel like disclosure would be to his benefit in this situation because there's a lot of cloud of mystery. You know, why doesn't he remove it so you don't have to deal with those allegations? Because you can prove the -- what connections are there and aren't.
BORIS EPSHTEYN, TRUMP CAMPAIGN SENIOR ADVISOR: Well, there's a couple points here. First what you said in the open, Donald Trump has been specific that he would step away. He said that in the debates, during the primaries.
MARK-VIVENTO: Should be stepping away now.
EPSHTEYN: Let me finish. I let you finish. Let me finish.
As you said in the open -- this is not first time that he said he would put his business in the blind trust and the kids will run the business. In the debate, he said, kids, you run the business. That's one.
CUOMO: Just to be fair. He never said he would step away. A blind trust doesn't work here because blind trust --
EPSHTEYN: Blind trusts work.
CUOMO: No, blind trust as we both know when you put something in a blind trust it's because you don't know what's in the trust. He would know exactly what's in the trust because it's his company.
EPSHTEYN: A blind trust in this instance would be that you don't have any part of running. So, that's one.
Let me go to the point that councilwoman brought. Of course, there's no equivalency. Hillary Clinton used her position as secretary of state for her family to get wealthier and wealthier. For Bill Clinton to make half a million dollars for 90 minute speeches in Moscow and for her to sell access to people like Gilbert Chagoury was not even allowed in the United States but gave millions of dollars to the Clinton Foundation and pledged billions to the Clinton Global Initiative.
So, there is no equivalency. Donald Trump is a businessman. There's no shock here. He's an uber successful businessman. The whole country knows that. That's why he's up by six points in the latest "L.A. Times" poll.
The country knows he's successful and pragmatic and that's a big part of appeal.
MARK-VIVENTO: Why are no taxes being released?
EPSHTEYN: What he has released is 104 pages of a financial disclosure form which fully discloses all his businesses and discloses everything mandated by law, rules and regulations.
Hillary Clinton has not done the same, with her 30,000 e-mails that she lied about --
(CROSSTALK)
MARK-VIVENTO: We should also look at how he currently runs his campaign.
EPSHTEYN: Why? MARK-VIVENTO: Average working-class people that support Trump are
basically paying for him to be able to have his events at events --
(CROSSTALK)
CUOMO: Why do you say that?
MARK-VIVENTO: This is -- he is -- the way he is running his campaign is a reflection of how --
EPSHTEYN: What proof do you have?
MARK-VIVENTO: I'm sorry, has he not used his campaign money to pay himself --
EPSHTYEN: He's given $60 million --
CUOMO: Hold on.
(CROSSTALK)
MARK-VIVENTO: -- pay himself because his corporate headquarters are in a Trump building. Has he not used campaign money to pay himself because events are being held on Mar-A-Lago and other of his properties. Has he not paid campaign money to himself for the caps and all the other things that he is producing? So these are these are reality. The way he runs his campaign is a reflection of how he would run as president.
EPSHTEYN: Absolutely not true.
MARK-VIVENTO: But you're very true --
EPSHTEYN: You're wrong.
As you know it, under Federal Election Commission, as you know it, he has to pay for those, you know, for the places he uses. For the events -- for --
MARK-VIVENTO: And happens to have some --
EPSHTEYN: And he's given over $60 million of his own money to his campaign, which far outstrips the money that was paid to the event spaces and for the office space. It's been a big part --
MARK-VIVENTO: How about the charitable contributions --
EPSHTEYN: You're just throwing things in there that don't make any sense.
Of course, listen, he's someone who has been very successful. He's somebody who most people know would be good for this country because he's been good for business, good for his partners. Of course, he's going to use Trump Tower, of course, he's going to use Mar-A-Lago. That shows the American people, this is someone who's been very good at what he does and he'll be good for the United States of America. The left is desperate because they're losing in Ohio and Florida and
nationally and now they're throwing any line of attack --
(CROSSTALK)
CUOMO: Race is very close we know that. But here's something. Let's put aside why he doesn't use -- you know, David Frum jumped on him by using Mar-A-Lago. He could have used a cheaper space nearby, but that's up to his discretion.
EPSHTEYN: His own money to the campaign, we can agree on that.
CUOMO: That's fine he gives money to the campaign.
(CROSSTALK)
CUOMO: That's fine. He's a billionaire, he says. If he wants to give his money, that's up to him.
What I'm saying is, because the polls are so close, transparency has come more into focus. That FEC disclosure form is not enough. It does not tell you the granular nature of who he's doing business with abroad and what could be potential conflicts. It does not tell you who is holding the debt on his things that's been securitized. There are allegations that Deutsche Bank sold these loans allowed to do --
EPSHTEYN: He's not an obligor on those loans.
CUOMO: Huh?
EPSHTEYN: He's not an obligor on those loans.
CUOMO: But his assets are.
EPSHTEYN: He's not a debtor on those loans.
CUOMO: But his businesses are.
EPSHTEYN: He doesn't have any personal obligation on those loans.
CUOMO: But he does have personal interest --
EPSHTEYN: His ownership in those businesses is also not at all obligated on those loans.
CUOMO: Then who is obligated.
EPSHTEYN: That's the way he's negotiated those deals. That's why he's a great negotiator.
CUOMO: Anybody knows that you only take the loan if you have collateral. The collateral is going to be the land underneath it. He's got an interest that land. That's why it matters.
Final word.
EPSHTEYN: If you and me own a property together, right, 50/50.
CUOMO: Yes.
EPSHTEYN: I could contribute money. You could contribute money. But you could say, I'm obligated for all the debt. That's just good negotiating and that's standard business procedure.
