Maddow: NYTimes: Trumpian money-following and Deutsche Bank approach their time in the barrel

[riversedge]

It is really worth reading the entire article and or watching the video






NYTimes: Trumpian money-following and Deutsche Bank approach their time in the barrel

https://www.dailykos.com/stories/2020/2/17/1919982/-NYTimes-Trumpian-money-following-and-Deutsche-Bank-approach-its-time-in-the-barrel




Monday February 17, 2020 · 11:28 PM CST

Deutsche Bank HQ, Frankfurt, Germany
On tonight's @maddow show, she previewed @davidenrich's new book, "Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction."


The NY Times tells us of the Trumpian dark towers of debt and its many crimes ranging from money laundering to tax fraud. SCOTUS will be weighing in on Trump’s finances in time to make a difference in the 2020 election. David Enrich’s writing finally emerges to show the dirty details where Russian bank VTB underwrote the Deutsche Bank loans to Trump (and Kushner). Enrich’s story is entwined with the stories of dead bankers as well as the converging story of how money-laundering of the Trump-type is a feature of cronyism’s financial affairs.
ERCIgUXXUAAGKhJ1 On tonight's @maddow show, she previewed @davidenrich's new book, "Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction."

A new report from The New York Times' David Enrich highlights dubious dealmaking and questionable partnerships between President Donald Trump and Deutsche Bank.
While numerous banks viewed Trump's past bankruptcies as a sign to steer clear of the real-estate mogul, Deutsche Bank used him and his businesses to rapidly ascend the financial sector.
The Times report details how Deutsche Bank gave Trump special treatment over several years and how the millionaire leveraged the partnership to secure unorthodox credit lines.
Here are the five biggest bombshells from the report, from Trump flying bankers in his private jet to the bank holding years of hidden tax returns.

The Times' finance editor, David Enrich spent the past two years interviewing Deutsche Bank executives about the firm's relationship with Trump, gleaning a mix of revealing anecdotes and riveting details indicating how some employees viewed Trump as a boon for the growing company while others looked back on their business with the real-estate mogul with "a mixture of anger and regret."

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https://images.dailykos.com/images/767776/large/ERCIgUXXUAAGKhJ1?1582003045

On tonight's @maddow show, she previewed @davidenrich's new book, "Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction."

[PRETZEL]

1. Saw that last nite,

excellent interview.

One thing that I think many of us believed but weren't positive was that Deutsche Bank never had to be worried about Trump defaulting, I happen to think that they felt it was a given, but that it didn't matter because they knew VTB Bank was guaranteeing those loans.

Basically money laundering.

[MFGsunny]

2. + 1000 n/t

[Hermit-The-Prog]

3. Follow the yellow shit road.

[Mike 03]

4. From the original NYT expose:

One reason all these files could be so illuminating is that the bank’s relationship with Trump extended well beyond making simple loans. ­Deutsche Bank managed tens of millions of dollars of Trump’s personal assets. The bank also furnished him with other services that have not previously been reported: providing sophisticated financial instruments that shielded him from risks and outside scrutiny, and making introductions to wealthy Russians who were interested in investing in Western real estate. If Trump cheated on his taxes, ­Deutsche Bank would probably know. If his net worth is measured in millions, not billions, ­Deutsche Bank would probably know. If he secretly got money from the Kremlin, ­Deutsche Bank would probably know.

https://www.nytimes.com/2020/02/04/magazine/deutsche-bank-trump.html

This book looks like a must read.

[triron]

5. Got the kindle version.

[renate]

6. I hope that this book will be bigger than "Fire and Fury" or even "A Very Stable Genius"

in terms of its public impact.

I'm reading "A Very Stable Genius" right now and am impressed. It's not just about how Trump is an asswipe, which we already knew, but the backstabbing and infighting and incompetence are just incredible. I can't imagine why people aren't fleeing that atmosphere as if it were a White House full of Taco Bell farts.

Anyway, I'm really looking forward to reading this one, for sure.

[Hekate]

7. Rachel is amazing. NYT ain't half-bad either-- they still do good work.