Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kentuck

(111,110 posts)
Tue Feb 5, 2019, 07:28 AM Feb 2019

Trump 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 Organization’s roster of high-end properties.

To finance his business’s 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. Trump’s 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

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No. (Original Post) kentuck Feb 2019 OP
Question malaise Feb 2019 #1
I think you are right. kentuck Feb 2019 #5
Probably because duforsure Feb 2019 #2
That's really damning since Deutsche Bank was the banker of last resort. Vinca Feb 2019 #3
"Mr. Trump's loan request, which has not been previously reported,..." kentuck Feb 2019 #4
I am malaise Feb 2019 #6

kentuck

(111,110 posts)
5. I think you are right.
Tue Feb 5, 2019, 09:52 AM
Feb 2019

That has always seemed rather suspicious to me, with Kennedy's resignation, that began the whole Supreme Court debacle.

duforsure

(11,885 posts)
2. Probably because
Tue Feb 5, 2019, 08:02 AM
Feb 2019

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)
3. That's really damning since Deutsche Bank was the banker of last resort.
Tue Feb 5, 2019, 08:41 AM
Feb 2019

And, if you're a "billionaire," wouldn't a $10 million dollar loan amount to chump change for a loan?

kentuck

(111,110 posts)
4. "Mr. Trump's loan request, which has not been previously reported,..."
Tue Feb 5, 2019, 08:42 AM
Feb 2019

Wonder why it wasn't previously reported??

Latest Discussions»General Discussion»Trump Sought a Loan Durin...