Pres­i­dent Trump on Thurs­day said he feels “very bad­ly” that his for­mer advis­er Steve Ban­non was arrest­ed and indict­ed in con­nec­tion with an online fundrais­ing cam­paign that alleged­ly defraud­ed donors of hun­dreds of thou­sands of dol­lars, while call­ing the project “inap­pro­pri­ate.”