NYT - A Mar-a-Lago Weekend and an Act of God: Trump's History With Deutsche Bank

[underpants]

Long article going waaaay back into their history.


Mr. Trump and Deutsche Bank were deeply entwined, their symbiotic bond born of necessity and ambition on both sides: a real estate mogul made toxic by polarizing rhetoric and a pattern of defaults, and a bank with intractable financial problems and a history of misconduct.

In the weeks before Ms. Vrablic attended his swearing-in, the bank commissioned reports to figure out how it had gotten in so deep with Mr. Trump. It issued an unusual edict to its Wall Street employees: Do not publicly utter the word “Trump.”

Over nearly two decades, Deutsche Bank’s leaders repeatedly saw red flags surrounding Mr. Trump. There was a disastrous bond sale, a promised loan that relied on a banker’s forged signature, wild exaggerations of Mr. Trump’s wealth, even a claim of an act of God.


In early 2016, Mr. Trump asked Ms. Vrablic for one final loan, for his golf course in Turnberry, Scotland.
Ms. Vrablic said yes, but a fight soon erupted.

https://www.nytimes.com/2019/03/18/business/trump-deutsche-bank.html

[spanone]

1. The Guys a Walking Criminal Act...

[underpants]

2. More

Mr. Trump told Deutsche Bank his net worth was about $3 billion, but when bank employees reviewed his finances, they concluded he was worth about $788 million, according to documents produced during a lawsuit Mr. Trump brought against the former New York Times journalist Timothy O’Brien. And a senior investment-banking executive said in an interview that he and others cautioned that Mr. Trump should be avoided because he had worked with people in the construction industry connected to organized crime.

[spanone]

11. K&R...

[tulipsandroses]

12. The mob connection was an open secret to NYers

This has been the most bizarre thing to me about the Trump presidency

Its laughable when he says " They are bringing drugs and crime" - When the people bringing drugs and crime were white it was just fine.

He readily did business with the mob. This is your president. A con man - A common criminal.

[Brother Buzz]

13. Even more:

Mr. Trump flew Ms. Vrablic to Miami to show her a property he wanted to buy: the Doral Golf Resort and Spa. He needed more than $100 million for the 72-hole property.

Deutsche Bank dispatched a team to Trump Tower to inspect Mr. Trump’s personal and corporate financial records. The bankers determined he was overvaluing some of his real estate assets by as much as 70 percent, according to two former executives.

[underpants]

15. Thanks. Lots in this article.

The wraparound loan to pay a loan (refinancing I guess) after he had a ridiculous suit about the first loan - and lost - was another great part.

[elleng]

3. The hurdles in a Deutsche Bank and Commerzbank merger

Union resistance is just one of the obstacles facing negotiating teams.

https://www.ft.com/content/8690eb72-48d9-11e9-bbc9-6917dce3dc62

[malaise]

4. Oh My!

Rec

No wonder he's so agitated

[bluestarone]

5. There isn't one fucking thing good

About this walking piece of flesh!

[Volaris]

6. I'm confused lol...

If I walk into a bank and ask for a car note right now, they'll laugh me out of the building (and I'd understand why).

This fool just wanders in, asks for a hundred million, and it's 'sure man, everything's cool!'

WUT????

[bluestarone]

7. Does make a person wonder huh? MAYBE

pUTIN has something on the bank? Gotta be something like that.

[Volaris]

8. Or maybe it's just that the rules are different for us proles.

I shouldn't, I know it's wrong. But I DO UNDERSTAND the appeal of guillitones...

[Hekate]

19. When I read the LA Times re "elite" universities, it occurs to me that yes, the rules are different

...for the upper crust. If they need a "side door" into a bank or a university, they can have it. You think the Mad King's spawn had to worry about their College Boards?

Move over, Madam DeFarge; I've taken up knitting.

[underpants]

9. I guess one of these goes down as refinancing

He had a $40 M loan and tried to claim Act of God because Alan Greenspan called 2008 a "tsunami", sues the bank for $3 BILLION, loses, then wants a loan for another venture and use it to also pay off the loan he sued about.

[Volaris]

10. If I tried that, my bank would put me in prison for fraud over the amount of

The aforementioned CAR NOTE.

[Yo_Mama_Been_Loggin]

14. K&R

[BigmanPigman]

16. Rachel is opening with this.

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=11932110

Read the article and Justice Kennedy's son's name is in this AGAIN! That SCOTUS seat was the second stolen from the Dems.

[SayItLoud]

17. A rather young lifetime appointed Supreme Court judge....SUDDENLY....RETIRES his son

Just happens to work for Deutsche Bank and is close to tRUMP. Just a coincidence? Not a chance, there's more to this and someone, probably in the media is already digging into it. Has been for over a year. Mueller may know or uncover, NYAG may uncover, Cohen may have known and told but for sure Putin knows.

Regardless of what the Oral Office does to hide, distort and claim executive privilege there will be a Daniel Ellsberg out there to get that report to the American people.

[world wide wally]

18. Anything and everything for mo' money

Very evangelical of him. Right, folks

[UTUSN]

20. K&R

[canetoad]

21. Great article

Thanks for posting.

I loved the bit about suing Deutsche Bank for 3 million because the GFC was 'an act of God'. Effin idiot.

[sunonmars]

22. The SEC should be looking into every detail of this. Its out and out fraud

Trump is basically a ponzi credit pyramid with fraudulent declarations.

If you or I made fraudulent declarations for money, we'd be doing a stretch in jail right now.