NYT - Drumpf owes Deutsche Bank millions (not Russia)

[BlueWavePsych]

No, There Isn’t Evidence That Trump Owes Money to Russia

One conspiracy theory is that Deutsche Bank agreed to make the loans because they were backstopped by Russians — the Kremlin or a state-owned bank or an oligarch. If Mr. Trump were to default, it would be the Russians, not Deutsche Bank, on the hook for the losses.

Another, related claim is that after Deutsche Bank made the loans, it sold chunks of them to Russians. It is common for large loans to be syndicated or securitized — in other words, chopped up and sold to investors. In the late 1990s through the mid-2000s, Deutsche Bank did this with some of its large loans to Mr. Trump.

Deutsche Bank didn’t chop up and sell the latest batch of debt — the only portion that is still outstanding, according to bank officials with direct knowledge of the transactions. The loans remain on Deutsche Bank’s books.

It is true that Deutsche Bank was willing to lend to Mr. Trump when few others would. But there is an explanation. To overcome the bank’s wariness, Mr. Trump agreed to personally guarantee most of the debt on all of the loans. That meant that if he defaulted, Deutsche Bank could seize his personal assets, as The Times has previously reported.

https://www.nytimes.com/2020/10/13/technology/no-there-isnt-evidence-that-trump-owes-money-to-russia.html

Deutsche Bank seizing Drumpf's personal assets sounds good to me.

[OAITW r.2.0]

1. So who own's Trump? We know. prove us wrong.

Can't....Eric admitted it.

[CanonRay]

2. Who guaranteed the loans?

Russian oligarchs is my guess

[Wounded Bear]

3. Yeah there has to be a co-signer on that paper...nt

[RainCaster]

4. Betcha DFT has no personal assets

It's highly likely that he owns nothing, it's all buried in offshore corporations.

[BeyondGeography]

5. DB knew Trump's personal guarantee is worthless and they would never collect

They didn’t know he would become President. This could have been taken care of in the shadows; not anymore.

[Sneederbunk]

6. Deutsche Bank is a Russian money launderer on spin cycle.

[BainsBane]

7. He may not OWE money to Russia

but they've funneled cash to him, at the very least through the home in Palm Beach he sold to an oligarch for way over market value. He also made money off the Miss Universe in Moscow, the only one of those pageants that turned a profit. There is plenty of evidence connecting his finances to Russia. And the Times damn well knows it.

[Cicada]

8. Obama fined Deutsch Bank billions, Trump? Millions

Fines under Trump seem only a tiny fraction of fines under Obama

Obvious massive conflict of interest

[lostnfound]

20. Bingo. Why doesn't the NYT recognize this? Nt

[gratuitous]

9. "There isn't evidence that Trump Owes Money to Russia"

Let's put this in the Butter Emails colander spinner and re-formulate that statement in a manner that most of us are familiar with:

Is there evidence that Trump doesn't owe money to Russia?

Are there no lingering questions about that in the absence of Donald Trump's financial disclosures and tax returns? In the past, the Times has been remarkably unpersuaded by full disclosures by Democrats. They seem very incurious about who could be holding paper with Donald Trump's personal guarantee. Well, I'm sure Donald Trump would never, e-e-e-ever make decisions that could compromise our nation's security to remain in the good graces of people to whom he owes a lot of money he doesn't have.

[JI7]

11. The question is how did Trump get the loans

[JI7]

10. If Russia "cosigned/gauranteed" the loans and Trump is unable to pay

then what happens ?

[Demonaut]

13. my thoughts too

[Demonaut]

12. are the loans backed by Russia?

it would make sense

[Xolodno]

14. Note the phrase...

"last batch of debt"

They over extended their loans to Trump, to the point even less than savory lenders were willing to take the risk.

As for his personal assets, that's the big question. He may have had personal assets at the time and probably inflated in value. But what's to stop him from transferring those assets to an LLC? or any other company he runs? Sure there has to be an equitable exchange, but I'm sure it was undervalued. He got some cash and promptly blew it. In the end, his only personal assets are his taxpayer funded salary after he leaves and speaking engagements...and those speaking engagements monies can be avoided as personal if its done through another "company" he creates.

[pnwmom]

15. The article doesn't disprove the allegation that the loans came from the Private Banking division

and thus the funds could have come from anywhere -- including Russians.

Deutsche's commercial bank had already turned Trump down -- even with the personal guarantee that supposedly made the Private Bank comfortable with lending to him again.

I don't know why the NYT would publish this half-baked story.

[CloudWatcher]

16. Poorest Man in America

We should be referring to Trump as the Poorest Man in America ... possibly the world. Who else could be this much in debt?

His main talent has been to extract millions from suckers willing to extend him credit.

[Captain Zero]

17. Deutsch Bank is gonna get screwed

Yeah Trump has some assets but I bet they are overvalued.

[orleans]

18. aside; idiot son admits asshole father lost a fortune

hold on! i thought he was supposed to be great at business!

Link to tweet

[Klaralven]

19. Qatar is the largest stakeholder in Deutsche Bank

Two Qatari entities, Paramount Services Holdings and Supreme Universal Holdings, which are each controlled by senior members of the nation’s Al-Thani ruling family, have a combined stake of close to 10% in Deutsche Bank, one person familiar with the matter said, making them the bank’s largest shareholder.

https://www.reuters.com/article/us-deutsche-bank-qatar-exclusive/exclusive-qatar-pushes-for-deutsche-bank-chairman-to-go-sources-idUSKBN1X4241

[ProfessorGAC]

21. What Is NYT Talking About?

First, we've known about the $600-800 million to Deutsche Bank for at least 2 years.
Second, one of the idiot kids admitted that they have gotten funding from Russia.
I know they all lie, but why would they lie about owing money they don't owe.

https://thehill.com/homenews/news/332270-eric-trump-in-2014-we-dont-rely-on-american-banks-we-have-all-the-funding-we

I know he denied saying it, a year after it was reported. But, the golf reporter who first reported it has a good reputation for accuracy. So, the denial is the lie.
How did NYT not take this into consideration?