MSNBC's Lawrence O'Donnell retracted and apologized for reporting on Tuesday that a "single source close to Deutsche Bank" told him that President Donald Trump's loans were co-signed by "Russian billionaires close to Vladimir Putin."
O'Donnell's retraction and apology on Wednesday's edition of 'The Last Word' on MSNBC:
LAWRENCE O'DONNELL: Last night on this show I discussed information that wasn't ready for reporting
I repeated statements a single source told me about the president's finances and loan documents with Deutsche Bank.
Saying 'if true' as I discussed the information was simply not good enough. I did not go through the rigorous verification and standards process here at MSNBC before repeating what I heard from my source.
Had it gone through that process, I would not have been permitted to report it. I should not have said it on air or posted it on Twitter. I was wrong to do so.
This afternoon, attorneys for the president sent us a letter asserting the story is false. They also demanded a retraction. Tonight, we are retracting the story. We don’t know whether the information is inaccurate. But, the fact is, we do know it wasn’t ready for broadcast, and for that, I apologize.