Despite red flags and knowing he lied about his net worth, Deutsche Bank kept giving Trump loans
despite Deutsche Bank saying Trump was not a top priority, it's just not true.
Beginning in the late 1990s, Deutsche Bank gave Trump loans despite his business bankruptcies and knowing he overinflated his net worth and the worth of his real estate assets. At the time,
the German bank wanted to make a name for itself on Wall Street,
so it worked with clients deemed risky by other en ies
In 2010, the bank concluded that he was inflating some of his assets by up to 70 percent,
yet still gave him a $100 million loan to buy the Doral Golf Resort and Spa in Miami.
Rosemary Vrablic — who'd helped get Trump more than $300 million in loans — tried to get Trump a loan in early 2016 for his golf course in Turnberry, Scotland,
After Trump's election, Deutsche Bank commissioned reports to figure out how the bank became so entwined with him, and
employees were told they couldn't even say "Trump" in public,
Trump is believed to have received more than $2 billion from the investment banking and private banking arms.
https://theweek.com/speedreads/829982/report-despite-red-flags-knowing-lied-about-net-worth-deutsche-bank-kept-giving-trump-loans
Let's see:
DB convicted of (Russian?) money laundering,
DB lends Trash $Bs (from Russians?),
Russia gets Trash elected,
so-called Pres Trash essentially forgives DB's criminal fines.

Reply With Quote