General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.
Was it really for his golf course or was it for the Trump Moscow Tower that he was trying to build, even as the campaign for the Presidency continued?
=============================================
https://www.nytimes.com/2019/02/02/business/trump-deutsche-bank.html
<snip>
Donald J. Trump was burning through cash.
It was early 2016, and he was lending tens of millions of dollars to his presidential campaign and had been spending large sums to expand the Trump Organizations roster of high-end properties.
To finance his businesss growth, Mr. Trump turned to a longtime ally, Deutsche Bank, one of the few banks still willing to lend money to the man who has called himself The King of Debt.
Mr. Trumps loan request, which has not been previously reported, set off a fight that reached the top of the German bank, according to three people familiar with the request. In the end, Deutsche Bank did something unexpected. It said no.
...more
malaise
(269,157 posts)Was Justice Kennedy's son his Deutsche Bank link?
kentuck
(111,110 posts)That has always seemed rather suspicious to me, with Kennedy's resignation, that began the whole Supreme Court debacle.
duforsure
(11,885 posts)He's drowning in debt to them and russians and putin, and he's losing ground at most of his properties making matters worse financially for him. He's in trouble with the russians and putin because they sucked him into borrowing more and more, and they knew he wouldn't be able to pay it all back, so they have him compromised with it, or exposing him as not a billionaire like he's so desperately claims, and wants people to believe. Deutsche bank knew him well enough to know he'd stiff them if they gave him the loans. He will the russians and putin too soon, then watch him switch and claim they are lying about him when they expose him. I suspect he's been skimming money from all deals he's done , including the arms deal, and giving out policies for payoffs into his campaign fund PAC's. Deutsche Bank knew him well enough to not be taken by him with this latest loan turn down. His companies failure from not getting loans will bankrupt him in the end. His tax fraud and prosecutions will also land him in jail . His complete failure is coming, and just like a ponzi schemer he'll not be able to keep it going any longer.
Vinca
(50,301 posts)And, if you're a "billionaire," wouldn't a $10 million dollar loan amount to chump change for a loan?
kentuck
(111,110 posts)Wonder why it wasn't previously reported??
supremely curious