Donald Trump, Jr. is testifying now in the New York fraud trial. More on that in the next post. This morning:

Trump Organization lenders lost out on $168m in interest, expert witness testifies

Much of this morning’s testimony has been centered on the idea that the Trump Organization got lower interest rates because they inflated the value of their assets on financial documents. The loans they received from various lenders would have come with higher interest rates had they put more honest appraisals on various documents, the New York attorney general’s office is arguing.

The state hired an expert witness, Michiel McCarty, an investment banker, to calculate some of what the Trump Organization’s lenders lost out on because of the fudged financial statements. The number he calculated was just over $168m – specifically $168,040,168.

Trump’s lawyers have been arguing through cross examination that the lenders had good relationships with the Trump Organization and had profited off their loans.

And that is key testimony to refute the last paragraph.