Kevin O'Leary Shocks CNN Audience by Completely Eviscerating Letitia James' Case Against Trump

Closing arguments have wrapped up in New York AG Letitia James' civil case against Donald Trump. According to the partisan Democrat, who promised during her campaign for office to take down the former president, Trump intended to defraud banks by "overvaluing" his assets.

There's not only reason to think it didn't, but there's even more reason to believe it doesn't matter anyway. That was Kevin O'Leary's argument when he showed up on CNN on Friday. In just a few minutes, the investor, who is worth $400 million, took James to the cleaners with perhaps the most concise and easy-to-understand takedown of her case I've seen.

Part of declaring your asset value to a bank is knowing that they will then do their own research and offer a compromise position. It is not up to the borrower to know exactly what a property is worth because there are a myriad of variables that could produce a different number depending on who is deciding on the appraisal.

What Trump essentially did was declare the highest value he thought he could, knowing that the bank would likely disagree and offer less. That is exactly what happened, and in the end, the bank was paid back per the terms it agreed to. No bank simply accepts at face value an appraisal offered by a borrower.

O'Leary's point is that how things happened is how things always happen in real estate development. But because Trump is involved, the rules have suddenly changed, with James deciding it is now fraud to essentially negotiate an asset's value with a bank. That she secured a laughably biased judge who borders on parody at times is the only reason this case has gotten this far.

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Biden Seems to Contradict Himself on Houthis in Bizarre Statement That Has People Talking

Joe Biden seems to have great confusion about the Houthis. Earlier on Friday, as he was wandering around some Allentown, Pennsylvania, stores looking frighteningly confused, he was asked about Iran and the Houthis. He was asked whether we were in a proxy war with Iran. He said no, but it's beginning to look like it. We certainly have been in a bit of a cold war with them for a while. But he claimed that Iran didn't want war with us.

Then he said he believed the Houthis were terrorists. That seemingly went against his policy of delisting them when he came into office. Former President Donald Trump had them on the terrorist list, yet Biden took them off, as he was cozying up to Iran. So, of course they decided to up their terrorist ways.

If he believed they were terrorists why did he take them off the list? Was it to make Iran happy? Then later on Friday, a reporter did her job and she asked that question. Apparently someone must have told him in the interim that he slipped up when he said he agreed they were terrorists. Now, when he was asked, just a short time later, first he looked very blank and confused again, then he replied it was "irrelevant" whether they were listed as terrorists or not.

Noronha explained it would block Houthis from getting visas, and allow them to be booted if they were in this country, criminalize providing them support, and force banks to seize their funds. Obviously, all critically important things, particularly for a group attacking U.S. assets. Does Biden not understand this? It sounds like he doesn't.

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