DawgTalkers.net Forums DawgTalk Palus Politicus Trump received more than $2bn in loans from Deutsche Bank despite being 'deemed untouchable' by other institutions

just to remind the board, Deutsche bank has been repeatedly busted for laundering money for the russians.

https://news.yahoo.com/trump-received-more-2bn-loans-111500261.html

Deutsche Bank reportedly loaned more than $2bn (£1.5bn) to Donald Trump over two decades despite multiple “red flags”.

The US president repeatedly exaggerated his wealth to help him secure finance for a string of high-end property developments before entering the White House, according to The New York Times.

The German bank is said to have approved huge loans to Mr Trump even after bankruptcies and defaults led to him being “deemed untouchable” by most financial institutions.

The report comes as congressional committees and New York’s attorney general investigate Mr Trump’s links to Deutsche Bank.

Mr Trump’s relationship with company began in the late 1990s and lasted until his presidential campaign in 2016, according to the Times, which interviewed more than 20 current or former Deutsche Bank executives and board members.

Their ties developed as the bank was reportedly attempting to make inroads in Wall Street by taking on high-risk investments.

According to the report, Mr Trump wooed Deutsche Bank investors on his private jet and promised them trips to his Mar-a-Lago resort in Florida in a bid to secure deals.

Seeking to obtain a $500m (£377m) loan to build a 72-storey skyscraper in Chicago, Mr Trump is said to have told the bank his net worth was $3bn (£2.3bn). When Deutsche Bank employees reviewed his finances, they concluded his wealth was actually $788m (£594m).

The company still made the loan in 2005, but Mr Trump struggled to sell hundreds of apartments in the resulting Trump Tower. With the bulk of the loan repayment due in November 2008, his lawyers claimed the financial crisis was an act of God that meant he was not liable. The bank and Mr Trump sued each other, but the dispute was later settled out of court.

In 2010, Mr Trump again reportedly exaggerated his wealth as he sought a loan to fund his purchase of a $100m (£75m) golf resort. The bank determined he had overvalued some of his assets by up to 70 per cent, but nonetheless signed off the loan.

Deutsche Bank sought to limit scrutiny of its relationship with Mr Trump after he was sworn in as president, telling employees not use the word “Trump” in external communications, according to the Times.

The bank’s managers were said to be concerned Mr Trump could default on his loans, forcing the company to choose between seizing his assets and cutting him a lucrative break.

The House of Representatives financial services and intelligence committees have each launched probes into Mr Trump’s ties with Deutsche Bank since Democrats took control of the chamber.

The New York State attorney general’s office also issued subpoenas to the bank last week for financial records relating to the Trump Organisation.

A Deutsche Bank spokeswoman said the company was “committed to cooperating with authorised investigations”.

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the public has an absolute right to know just how much the president is actually worth, who he owes money to, and how much.

I do have to wonder what kind of bank takes a loss in 2008 after finding his net worth was not as he stated, but still gave the loan, and then 2010 repeats the exact same thing.

I'm sorry this bank is full of idiots, regardless of what Trump is or isn't.

I think we have to get to the bottom of why they did it to find out if they were idiots or not.

i think they knew exactly what they were doing.

They didn't want to kill the golden Putin goose. That's what was going on, rather it was one or more crooked employees or the bank as a whole operates in the dark gray areas of finance.

Where are the MAGA hatters at?

We are counting the money that the bank loaned Trump in spite of what you cry.

So you don’t have a problem with trump lying about his wealth, either?

lol you’ll let this dude get away with anything. Pathetic and weak.

Businessman Trump requested a lone from a bank and got it.

That is where his business and minding my own business end.

Despite the fact he wasn’t qualified, and no American banks were willing to give it to him.

Huge red flag.

I have never known a businessman who didn't portray himself and his business in the best possible light when applying for a bank loan.

I also don’t know of any other billionaires who can’t get funding in their own country.

I know some billionaires, how many do you know?

Well of course you do!

I actually got to meet 2 when I was stationed overseas a while back. I don’t know them, just got to meet them.

I also don’t know what that has to do with what’s being discussed. You completely dodged my comment.

Why can’t trump get funding in his own country?

I didn't dodge your question.

Did you ask those billionaires if they can get loans in America, assuming they were Americans?

I also know some goat farmers. What is your point?

again, I don’t know them. I don’t have clout like you do apparently. Just a solider who got randomly picked for a detail.

Also, I’m pretty sure not only can they get loans in America, but they can get loans in whatever country they’re from, as well.

Billionaires typically don’t have trouble with funding. Unless of course you’re trump, and you’re not actually a billionaire.

So you went from "sure" to "pretty sure" billionaires could get loans in America. Ok.

I happen to know my guys preference was Deutsche Bank for they were easier.

It was easier cause the money was backed by Russians. It was harder in America because trump doesn’t pay back his loans and can’t be trusted.

And I also know from them that real estate loans are the hardest loans to get, especially when talking Billions of Dollars.

It would be like you trying to borrow millions or Pit trying to borrow a buck ninety eight.

Loans are easier to get when you don’t have a history of defaulting.

Stop making excuses for trump. He has bad credit.

And Hillary had bad teeth with a hole in her tongue.

lol no MAGA hatter can have a discussion without bringing up Hillary.

Its like bragging on the Browns beating Cincinnati last year,
Cincinnati comes up twice.

Doesnt change that trump can’t be trusted

What kind of bank? I'll answer that, a bank that has other motives. Motives such has political or economic or territorial.

A bunch of super rich Russian Oligarch's get together and decide to put a president in America that will do their bidding on the world stage and create havoc among Americans..

Well "your guys" are the Trump family. Do you actually think anybody buys your BS? How's your gardener you pay 40k a year to doing?

Wait, 40 has a gardener that he pays 40K a year too?

yeah that’s it.

I didn't know trailer park yard gnomes cost that much! I'm shocked!