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Deutsche Bank worried that Trump will default on massive loans
Posted by btomba_77 on February 20, 2019 at 7:53 am
[link=https://www.bloomberg.com/news/articles/2019-02-20/deutsche-bank-weighed-restructuring-trump-loans-on-default-risk]https://www.bloomberg.com/news/articles/2019-02-20/deutsche-bank-weighed-restructuring-trump-loans-on-default-risk[/link]Deutsche Bank Weighed Extending Trump Loans on Default Risk
Top [link=https://www.bloomberg.com/quote/DBK:GY]Deutsche Bank AG[/link] executives were so concerned after the 2016 U.S. election that the Trump Organization might default on about $340 million of loans while Donald Trump was in office that they discussed extending repayment dates until after the end of a potential second term in 2025, according to people with knowledge of the discussions.
Members of the banks management board, including then Chief Executive Officer John Cryan, were leery of the public relations disaster they would face if they went after the assets of a sitting president, said the people, who asked for anonymity because the discussions were private. The discussions were about risks to the banks reputation and did not relate to any heightened concerns about the creditworthiness of Trump or his company, the people said.
The bank ultimately decided against restructuring the loans to the Trump Organization, which come due in 2023 and 2024, and chose instead not to do any new business with Trump while he is president, one of the people said.
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kaldridgewv2211 replied 2 years, 5 months ago 8 Members · 54 Replies -
54 Replies
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Deutsche Bank was willing to gamble and lose a lot of money MULTIPLE TIMES as each time Trump defaulted. Yet they still came back, he would accept a new loan & use the loan money to pay off the old loan.
Gluttons for punishment. If they do get screwed by Trump they rightly deserve it. “Other people’s money!” Trump has proven his business acumen by losing other people’s money over and over again.
[link=https://www.nytimes.com/2019/03/18/business/deutsche-bank-donald-trump.html]https://www.nytimes.com/2…bank-donald-trump.html[/link]
For nearly two decades, Donald J. Trump relied on Deutsche Bank to lend to him when other banks wouldnt. Deutsche Bank, eager to expand in the United States, made a decision to repeatedly take a risk on him.
Much has been written about their relationship, which is now under investigation on Capitol Hill and by the New York attorney general. Here are some of the new revelations from The New York Timess investigation into Mr. Trumps ties to Deutsche Bank.
In 2003, Deutsche Bank helped Mr. Trumps casino company sell hundreds of millions of dollars in bonds. (The salesmen were rewarded with a trip to Mar-a-Lago.) Mr. Trumps company defaulted in 2004, leaving Deutsche Banks clients with deep losses. The banks investment division that sold the bonds vowed to not do business again with Mr. Trump.
A year later, though, Mr. Trump approached another part of the investment division for a $640 million loan to build a skyscraper in Chicago. It made the loan and in 2008, Mr. Trump defaulted and sued Deutsche Bank. That prompted the whole investment division to sever ties with Mr. Trump.
And then, three years after his previous default, Deutsche Bank started lending to him again, this time through the private-banking division that catered to the superrich. In fact, it lent Mr. Trump money that he used to repay what he still owed Deutsche Banks investment division for the Chicago loan.
Since Mr. Trump won the 2016 election, Deutsche Bank officials have been trying to minimize the importance of their business with the new president, arguing that some senior executives didnt even know the relationship existed.
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You really do have to wonder, how well does Deutsche Bank know the Russians.
I’m sure we are not talking about a laundry business here.
The executives did get a visit to Mar-a-Lago for their Billion$ loaned and lost.
[link=https://www.nytimes.com/2019/03/18/business/trump-deutsche-bank.html]https://www.nytimes.com/2…ump-deutsche-bank.html[/link]
Then Mr. Trump won the 2016 election, and the German bank shifted into damage-control mode, bracing for an onslaught of public scrutiny, according to several people involved in the internal response.
After Mr. Trump won the election, Deutsche Banks board of directors rushed to understand how the bank had become the biggest lender to the president-elect.
A report prepared by the boards integrity committee concluded that executives in the private-banking division were so determined to win business from big-name clients that they had ignored Mr. Trumps reputation for demagogy and defaults, according to a person who read the report.
The review also found that Deutsche Bank had produced a number of exposure reports that flagged the growing business with Mr. Trump, but that they had not been adequately reviewed by senior executives.
On Deutsche Banks trading floor, managers began warning employees not to use the word Trump in communications with people outside the bank. Salesmen who violated the edict were scolded by compliance officers who said the bank feared stoking public interest in its ties to the new president.
One reason: If Mr. Trump were to default on his loans, Deutsche Bank would have to choose between seizing his assets or cutting him a lucrative break a situation the bank would rather resolve in private.
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Quote from dergon
[link=https://www.bloomberg.com/news/articles/2019-02-20/deutsche-bank-weighed-restructuring-trump-loans-on-default-risk]https://www.bloomberg.com/news/articles/2019-02-20/deutsche-bank-weighed-restructuring-trump-loans-on-default-risk[/link]
Deutsche Bank Weighed Extending Trump Loans on Default Risk
If you believe the loons in DC, he did this whole president thing to drive business to his hotel.
Emoluments my foot. Like him or not (and I dont), the guy risked the success of his company on switching into public service.-
Public service?
My arse. There is a bridge in Brooklyn you can buy really cheap.
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[link=https://thehill.com/homenews/house/439010-congressional-investigators-subpoena-deutsche-bank-other-lenders-for-info-on]https://thehill.com/homenews/house/439010-congressional-investigators-subpoena-deutsche-bank-other-lenders-for-info-on
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House Dems subpoena Deutsche Bank, other lenders for info on Trump[/h1]House Democrats on Monday reportedly subpoenaed Deutsche Bank and several other banks, asking for information about [link=https://thehill.com/people/donald-trump]President Trump[/link]’s finances, as well as the dealings between the banks and Russia.
[link=https://www.nytimes.com/2019/04/15/business/deutsche-bank-trump-finances-congress.html]The New York Times[/link], citing several people with knowledge of the investigation, reported that the subpoenas were issued by Houses Intelligence and Financial Services committees.
The subpoenas represent the latest attempts by Democrats in Congress to investigate the personal finances of Trump. The House Ways and Means Committee earlier this month formally requested six years of Trump’s tax returns from the Internal Revenue Service, a request the White House plans to fight.
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The whole thing with russia was concern that he may be working to enrich himself under duress from a foreign power. Emoluments and fears of influence peddling are legitimate concerns.
None of trump’s shit is in a blind trust. He should have done that. Every recent president before him did that. Every recent president before him released his tax returns and Trump himself said he’d release them. Why doesn’t he just do what he said he was going to do? It’s not like he’s personally supposed to go through documents and fax them. He has people to do it. Honestly, what’s the big deal?-
Quote from FleeYeVegans
The whole thing with russia was concern that he may be working to enrich himself under duress from a foreign power. Emoluments and fears of influence peddling are legitimate concerns.
None of trump’s **** is in a blind trust. He should have done that. Every recent president before him did that. Every recent president before him released his tax returns and Trump himself said he’d release them. Why doesn’t he just do what he said he was going to do? It’s not like he’s personally supposed to go through documents and fax them. He has people to do it. Honestly, what’s the big deal?
Is there a law that requires him to do any of this ?
If you want it, pass a law and have the next president sign it.-
Article 1 section 9 clause 8 of the US Constitution
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Quote from DICOM_Dan
Article 1 section 9 clause 8 of the US Constitution
That says that the president can’t make the US become part of the Portuguese colonial empire in exchange for the hereditary title of ‘Duke of New Portugal’ or a crap ton of gold dubloons.
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Unknown Member
Deleted UserApril 16, 2019 at 9:20 am
Quote from DICOM_Dan
Article 1 section 9 clause 8 of the US Constitution
“No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.”
Equating this with a demand to see Trump’s tax returns makes about as much sense as electing repeatedly as a Vermont senator a man who’s never been able to hold down a real job.-
“Present, Emolument.” That’s the big deal. Knob creek, what is your opposition to the president providing his tax returns or elucidation of financial dealings with foreign governments?
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I think that after Trump leaves office, be that 2020 or 2024 we will see a number of these things that were once “norms” that Trump has shattered codified into federal law.
The GOP just can’t go along with it for now because they fear retribution from Trump and the base. But after Trump is gone I think you will a lot of mandatory disclosure legislation.-
Quote from dergon
I think that after Trump leaves office, be that 2020 or 2024 we will see a number of these things that were once “norms” that Trump has shattered codified into federal law.
The GOP just can’t go along with it for now because they fear retribution from Trump and the base. But after Trump is gone I think you will a lot of mandatory disclosure legislation.
And those laws will be tested in the courts just in time for Mark Zuckerberg to purchase himself a presidency.
Right now, ‘because we say so’ is not a legitimate reason for congress to get either tax returns or unredacted grand jury testimony.
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Unknown Member
Deleted UserApril 16, 2019 at 2:03 pm
Quote from FleeYeVegans
“Present, Emolument.” That’s the big deal. Knob creek, what is your opposition to the president providing his tax returns or elucidation of financial dealings with foreign governments?
I don’t object to the idea of his providing them. What is objectionable is Leftists’ sense of entitlement and naked power-grabbing; no matter what the Leftists claim, Trump doesn’t [i]owe [/i]us his tax returns. There’s no law demanding that he provide them, and he has every right to tell Democrats to go to hell.
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True there’s no law requiring he provide them. Unless they’re subpoenaed in which case he would.
I don’t know what would be gleaned from his tax returns other than potentially embarrassing political things like him embellishing his wealth, paying close to no taxes, etc. In the trump tax act there was an odd part added last minute about REIT(real estate investment trusts) and his taxes could show he personally benefited from but wouldn’t be criminal.
Violation of emoluments is important but that info would come from the trump org CFO and not from his tax returns. -
US code is law and this is in the US code, committee access. This was from tea pot dome days. Trump has already been found to be a tax scammer. The nail that sticks out gets hammered.
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Good try, why would he give proven liars and people who literally make things up out of thin air against him (see all the true believer threads just here on AM, forget the corporate media) anything?
You haven’t learned yet that he’s much smarter than all of you peons?
You lose again, and ask for his tax returns. It’s pretty funny, actually. -
Quote from Intermittent Blasting
Good try, why would he give proven liars and people who literally make things up out of thin air against him (see all the true believer threads just here on AM, forget the corporate media) anything?
You haven’t learned yet that he’s much smarter than all of you peons?
You lose again, and ask for his tax returns. It’s pretty funny, actually.
I had to click the view button. Should’ve just left it as blocked. The tax cheating is public record. They formed a company to overcharge Fred Trump and move his money. The devalued assets to save on taxes. His sister stepped down as a federal judge in order to dodge the ethics investigation. He’s not smart but the Trump’s did get away with it.
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I’ve blocked him too. He’s just a boring troll. Never argues any facts and everything he does say is ignorant.
He’s just a troll Trump fanboy, emphasis on “boy.”
We’ll just wait for his new troll identity to appear that will in turn require blocking again.
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Unknown Member
Deleted UserApril 17, 2019 at 6:50 amSounds like a plan
I had him blocked before but I will go back to blocking his phony arse
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Quote from DICOM_Dan
I had to click the view button. Should’ve just left it as blocked. The tax cheating is public record. They formed a company to overcharge Fred Trump and move his money. The devalued assets to save on taxes. His sister stepped down as a federal judge in order to dodge the ethics investigation. He’s not smart but the Trump’s did get away with it.
The arbiter of who is a tax-cheat are the IRS and the tax court system. Whatever they did to transfer Fred and Elizabeth Trump’s asset passe their muster.
Envy is not a good thing.
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Quote from fw
The arbiter of who is a tax-cheat are the IRS and the tax court system. Whatever they did to transfer Fred and Elizabeth Trump’s asset passe their muster.
Envy is not a good thing.
[h4]Behind every great fortune there is a great crime Honoré de Balzac[/h4] One has to wonder how they did they pass muster.
[link=https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html]https://www.nytimes.com/i…chemes-fred-trump.html[/link]
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Quote from fw
Quote from DICOM_Dan
I had to click the view button. Should’ve just left it as blocked. The tax cheating is public record. They formed a company to overcharge Fred Trump and move his money. The devalued assets to save on taxes. His sister stepped down as a federal judge in order to dodge the ethics investigation. He’s not smart but the Trump’s did get away with it.
The arbiter of who is a tax-cheat are the IRS and the tax court system. Whatever they did to transfer Fred and Elizabeth Trump’s asset passe their muster.
Envy is not a good thing.
6 out of 10 people don’t like him. Why is that an envious position. He’s of questionable wealth, integrity, morals, mental capacity, and ethics to name a few things. None of that is something people envy to be. I stated he just didn’t get caught. As a country I don’t think we go after financial crimes the same way. Your more likely to get audited for an earned income tax credit than a company is who claims $0 owed in taxes. Explain why his sister resigned the day after she was going to be under an ethics probe? Good luck with that one.
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At best, 5 out of 10 disapprove at this time (but almost 6 approve of him regarding the economy). Big difference when you aren’t trying to mislead.
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Peons who are far less intelligent than Trump?
This is a forum almost completely comprised of doctors. Who let their drunk uncle from thanksgiving sign up to shitpost on AM?
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[h1]Deutsche Bank Gives Trump Records to New York Officials[/h1]
Deutsche Bank has begun the process of providing financial records to New York states attorney general in response to a subpoena for documents related to loans made to President Trump and his business, [link=https://www.cnn.com/2019/04/24/politics/deutsche-bank-trump-records/index.html]CNN[/link] reports.
Last month, the office of New York Attorney General Letitia James issued subpoenas for records tied to funding for several Trump Organization projects.
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[link=https://www.nytimes.com/2019/04/29/us/politics/trump-lawsuit-deutsche-bank.html?smid=fb-nytimes&smtyp=cur&fbclid=IwAR3kOq8PCFfYsjhM25BD8IjS6cBY5RtnsNuWlxE9Q6DQn6qdekSiYQrneJU]https://www.nytimes.com/2019/04/29/us/politics/trump-lawsuit-deutsche-bank.html?smid=fb-nytimes&smtyp=cur&fbclid=IwAR3kOq8PCFfYsjhM25BD8IjS6cBY5RtnsNuWlxE9Q6DQn6qdekSiYQrneJU[/link]
[b]Trump Sues Deutsche Bank and Capital One to Block Compliance With Subpoenas[/b]
As a private businessman, Trump routinely used his well-known litigiousness and the threat of lawsuits to intimidate others, but he will find that Congress will not be deterred from carrying out its constitutional responsibilities. … This lawsuit is not designed to succeed; it is only designed to put off meaningful accountability as long as possible. -
[link=https://www.bloomberg.com/opinion/articles/2019-04-30/donald-trump-drags-deutsche-bank-into-war-with-schiff-and-waters?srnd=premium]https://www.bloomberg.com…nd-waters?srnd=premium[/link]
opinion: [b]Welcome to the War Over Donald Trumps Wallet[/b]
Welcome to the first salvos of the post-Mueller battle between the White House and Congress over the separation of powers, executive authority and the Pandoras Box of thorny, troubling problems stemming from the fact that Trump is the [link=https://www.bloomberg.com/opinion/articles/2016-11-11/the-conflicts-of-interest-president]most financially[/link] [link=https://www.bloomberg.com/opinion/articles/2017-03-14/scandal-fatigue-and-the-trump-ethical-swamp]conflicted[/link] [link=https://www.bloomberg.com/news/articles/2018-09-14/a-swamp-tour-of-trump-s-washington]president[/link] of the modern era.
Of course, politics are at work here. But principles are at stake as well. How this plays out will inform whether non-partisan and non-ideological values such as good government, ethical management, and, yes, transparency have institutional protection in the future regardless of which president and which party controls the White House.
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Trumps lawyers argue in their lawsuit that Congress doesnt have Constitutional authority to engage in oversight or investigations of the presidency, and can only take action tied to existing legislation. And they use that argument as a foundation for saying the Houses requests of Trump are overly sweeping and intrusive and therefore Deutsche and Capital One shouldnt hand over records. Ironically, one of the parties suing the two companies is the trust set up by Trump to ostensibly check his financial conflicts as president. And while the suit makes much of the fact that meanies in Congress have gone so far as to ensnare Trumps kids in this mess, it conveniently glosses over the reality that his three eldest children are his longstanding business partners and one of them, Ivanka, is a senior adviser in the White House.
The president clearly has issues with ethical and financial boundaries and, despite his lawsuits protests that his privacy is being violated, hes not just your average American businessman or citizen; hes someone clothed in immense power who, quite properly, needs to be held to a higher standard. In the years prior to the Trump Tower Moscow negotiations, Trump went on a spending spree that included [link=https://www.bloomberg.com/opinion/articles/2018-07-13/trump-s-u-k-trip-a-money-losing-scottish-golf-paradise]golf course developments[/link], the [link=https://www.bloomberg.com/opinion/articles/2017-11-22/trumps-ditch-soho-hotel-but-not-robert-mueller]Trump SoHo Hotel[/link] and other projects funded in mysterious ways. Deutsche Bank, in particular, has been party to a substantial portion of decades of the presidents ventures and, as [link=https://www.bloomberg.com/opinion/articles/2019-03-19/trump-has-some-stories-to-tell-about-deutsche-bank]Ive noted before[/link], the bank has some important stories to tell.
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Suspicious Activity Seen in Trump and Kushner Accounts
Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reports.
The transactions, some of which involved Mr. Trumps now-defunct foundation, set off alerts in a computer system designed to detect illicit activity Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes.
But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees advice. The reports were never filed with the government.
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he’s off the twitter tails this morning talking about how banks would love to make money off Trump. Given that he’s been such a massive loser in the past, I find it really hard to believe banks are aching to extend credit his way.
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[link=https://www.cnn.com/2019/07/07/investing/deutsche-bank-layoffs/index.html]https://www.cnn.com/2019/07/07/investing/deutsche-bank-layoffs/index.html
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[h1][b]Deutsche Bank, a pillar of European finance, unveils radical restructuring. It will cut 18,000 jobs[/b][/h1]The German bank said Sunday that it would shutter its equities sales and trading business, while creating a “bad bank” for 74 billion ($83 billion) in assets that eat up too much capital. The assets will be sold over the coming years.
“Today we have announced the most fundamental transformation of Deutsche Bank in decades,” CEO Christian Sewing said in a statement, calling the moves a “restart.”
It’s a dramatic shift for the 149-year-old bank, a pillar of European finance that has struggled to produce consistent profits despite undergoing a series of overhauls.Deutsche Bank ([link=https://money.cnn.com/quote/quote.html?symb=DB&source=story_quote_link]DB[/link]) said the job reductions would be made by 2022, bringing its headcount down to roughly 74,000 employees.[/QUOTE]
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[b]Deutsche Bank Ignored Money Laundering Controls[/b][/h1] [b]
[/b]
[link=https://www.reuters.com/article/us-deutschebank-investigation-russia-exc/exclusive-u-s-congressional-probe-finds-possible-lapses-in-deutsche-bank-controls-sources-idUSKCN1VR0PX]Reuters[/link]: U.S. congressional investigators have identified possible failures in Deutsche Bank AGs money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents.
The congressional inquiry found instances where Deutsche Bank staff in the United States and elsewhere flagged concerns about new Russian clients and transactions involving existing ones, but were ignored by managers.-
I don’t even really find this shocking anymore. Of course the bank was doing whatever the fudge they wanted to money.
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[b]Deutsche Bank Looks to End Trump Relationship[/b][/h1]
Deutsche Bank AG is looking for ways to end its relationship with President Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties, [link=https://www.reuters.com/article/us-usa-election-deutsche-bank-exclusive/exclusive-tired-of-trump-deutsche-bank-wants-out-but-sees-no-good-options-sources-idUSKBN27J0G0]Reuters[/link] reports.
Deutsche Bank has about $340 million in loans outstanding to the Trump Organization, the presidents umbrella group that is currently overseen by his two sons, according to filings made by Trump to the U.S. Office of Government Ethics in July and a senior source within the bank. The three loans, which are against Trump properties and start coming due in two years, are current on payments and personally guaranteed by the president. -
Trumps Longtime Banker Resigns[/h1]
President Trumps longtime banker at Deutsche Bank, who arranged for the German lender to make hundreds of millions of dollars of loans to his company, is stepping down from the bank, the [link=https://www.nytimes.com/2020/12/22/business/trump-deutsche-bank-rosemary-vrablic.html]New York Times[/link] reports.
Rosemary Vrablic, a managing director and senior banker in Deutsche Banks wealth management division, recently handed in her resignation, which the bank accepted The reasons for the abrupt resignation of Ms. Vrablic, as well as that of a longtime colleague, Dominic Scalzi, were not clear.-
They can absolutely depend on Donald defaulting along with counter lawsuits. Its been him MO for decades.
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In fact, as I recall, he had been at risk of defaulting earlier on Deutsche bank loans and another section of Deutsche bank loaned him the money so that he could pay off the loan from the original part section of Deutsche bank. Hows that for comedy?
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[link=https://www.cnn.com/2021/01/09/busin…ent/index.html]https://www.cnn.com/2021/…busin…ent/index.html[/link]
[b]Deutsche Bank to pay more than $100 million in deferred prosecution agreement with federal prosecutors, will cooperate in other investigations [/b]
(CNN)Deutsche Bank entered into a deferred prosecution agreement with federal prosecutors who allege the bank violated anti-bribery laws while doing business abroad.
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The agreement does not include mention of any connection to an investigation by Manhattan federal prosecutors into whether President Donald Trump misled or defrauded Deutsche Bank by inflating the value of some of his assets. But it does say that Deutsche Bank would “cooperate fully” with other investigations.-
Deutsche Bank will no longer do business with Trump or Trump org
Signature Bank (his NY lender) also severs relations.-
I think it should be interesting to see what happens. With Trump I feel like it’s always been about the money. He’s had a 4 year long grift. Still waiting to see those taxes he promised are under audit. He was supposedly going to owe a lot of money coming up.
What would be funny is if his lenders sold the debt to some hardo debt collectors. Or Michael Bloomberg and let Bloomberg scrape every dime Trump has.
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[link=https://twitter.com/TheRickWilson/status/1351764022127951872]https://twitter.com/TheRi…us/1351764022127951872[/link]
Rick Wilson:
If you don’t think Bannon’s Chinese sugar daddy is Trump’s new banker, I have a acid-etched bathtub to sell you.-
[link=https://www.businessinsider.com/trump-tower-loan-bank-watch-list-wells-fargo-occupancy-slumps-2021-9]https://www.businessinsid…ccupancy-slumps-2021-9[/link]
[b]Trump Tower in Manhattan has been placed on a bank debt watch list [/b]
A $100 million loan on [link=https://www.bloomberg.com/billionaires/id/1252249]Donald Trump[/link]’s Fifth Avenue tower has been placed on a debt watch list, according to data from banking giant, Wells Fargo.
[link=https://www.bloomberg.com/news/articles/2021-09-17/trump-tower-loan-moved-to-watch-list-as-retail-occupancy-falls]Bloomberg first reported[/link] the story on Friday, noting that the decision was a result of “lower average occupancy.”
Wells Fargo, which is the master servicer of the loan, said occupancy has dipped to 78.9% from 85.9% at the end of 2020, according to the outlet.
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[h1][i]House Panel: Trumps DC Hotel Hid $3.7 Million Paid By Foreign Govts, Falsely Claimed Big Profits But Actually Lost $70 Million[/i][/h1]
[link=https://www.mediaite.com/tv/house-panel-trump-hotel-in-dc-hid-3-7-million-paid-by-foreign-govts-falsely-claimed-big-profits-but-actually-lost-70-million/]https://www.mediaite.com/tv/house-pa…st-70-million/[/link]
New information tonight that Donald Trumps celebrated Washington hotel was not the successful venture the former president claimed it was, said Todd, describing a report by the House Oversight Committee that the Trump International Hotel DC claimed it earned more than $156 million in income from its 2016 opening and last year, but it actually suffered a net loss of more than $70 million in that period.
Their findings also include an analysis of the hotels financial documents showing that it received about $3.7 million from foreign governments, which the committee says raises concerns about whether Trump violated part of the Constitution that bans federal office holders from receiving gifts, payments, [or] anything of value from foreign officials, said Todd.
Theres more: the committee says Trump received undisclosed preferential treatment from Deutsche Bank on a $170 million construction loan for the hotel.
Trump himself often bragged about the hotel, located in the historic Old Post Office building on Pennsylvania Ave., calling it the most coveted piece of real estate in Washington, D.C.
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Trump’s Trump Attorney was on Hannity last night
“Trump Attorney: If you think the Deutsche Banks of the world lend money to anyone without doing their own process and tools and valuation of the assets then youre doubting a lot of the banks and people that would work with the Trump organization or the Trump family”
I don’t think that is as exculpatory as you think it is.
“Hey. If Trump lied to the government about valuations, caveat emptor, deutschebank!”[link=https://twitter.com/Acyn/status/1484720007590277120?s=20]https://twitter.com/Acyn/status/1484720007590277120?s=20[/link]
( She must have conveniently forgotten about the massive fine for Deutsche Bank. $10 Billion in Russian Money Laundering
[link=https://www.reuters.com/article/us-deutsche-mirrortrade-probe-idUSKBN15E2SP]https://www.reuters.com/article/us-deutsche-mirrortrade-probe-idUSKBN15E2SP[/link])Trump Attorney: If you think the Deutsche Banks of the world lend money to anyone without doing their own process and tools and valuation of the assets… then you’re doubting a lot of the banks and people that would work with the Trump organization or the Trump family pic.twitter.com/nvQTX6fgMZ
— Acyn (@Acyn) January 22, 2022
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But how,any Fox viewers know about those fines to Deutche Bank? I dont see this being reported by Hannity or Tucker or any of the usual suspects to their captive credulous audiences.
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