Deutsche Bank loaned over $2 billion to Trump: report

Deutsche Bank loaned over $2 billion to Trump: report

BY MICHAEL BURKE at the Hill

https://thehill.com/homenews/administration/434643-deutsche-bank-loaned-over-2-billion-to-trump-report

"SNIP....

The report, which details the history between Trump and the bank, comes as congressional committees and the New York attorney general are investigating Trump's financial ties to the bank.

In attempting to secure loans from the bank, Trump often exaggerated his wealth, according to the Times.

When Trump was trying to get a loan from the bank to build a skyscraper in Chicago, he reportedly said his net worth was $3 billion. The bank, however, reportedly concluded that he was worth about $788 million.

But the bank still agreed in 2005 to lend Trump more than $500 million for the project, a decision that was made after Trump used flights on his private plane in an attempt to woo the bankers, according to the Times.

....SNIP"

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7 replies	Author	Time	Post
Deutsche Bank loaned over $2 billion to Trump: report (Original post)	applegrove	Yesterday	OP
Wow.	SunSeeker	Yesterday	#1
Wasn't there something	madamesilverspurs	23 hrs ago	#2
Yup, something like that..	denbot	22 hrs ago	#3
The crazy thing is Deutsche Bank KNEW the orange anus was exaggerating his wealth...	Brother Buzz	22 hrs ago	#4
Probably because the Kremlin (aka Putin) put a little word in for Trump...	Pachamama	20 hrs ago	#6
Money laundering	True Blue American	22 hrs ago	#5
More fools them.	Turbineguy	19 hrs ago	#7

Response to applegrove (Original post)

Tue Mar 19, 2019, 04:15 AM

SunSeeker (33,899 posts)

1. Wow.

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Response to applegrove (Original post)

Tue Mar 19, 2019, 05:20 AM

madamesilverspurs (13,184 posts)

2. Wasn't there something

about Justice Kennedy's son being one of the bank's loan officers, that Trump had expressed appreciation to the Justice for that relationship?

.

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Response to madamesilverspurs (Reply #2)

Tue Mar 19, 2019, 05:59 AM

denbot (7,235 posts)

3. Yup, something like that..

Up to and including the timing of his retirement to make room for some drunken ex-frat boy.

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Response to applegrove (Original post)

Tue Mar 19, 2019, 06:06 AM

Brother Buzz (22,249 posts)

4. The crazy thing is Deutsche Bank KNEW the orange anus was exaggerating his wealth...

And STILL lent him money.

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.

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Response to Brother Buzz (Reply #4)

Tue Mar 19, 2019, 08:00 AM

Pachamama (12,433 posts)