Trump Hotel in DC consistently lost millions of dollars, despite Trump suggesting that he was making money off it.
Interesting new info from congressional oversight panel. oversight.house.gov/sites/democrat…
And, wow, looks like @DeutscheBank secretly amended the terms of the loan to allow Trump to defer any principal repayments for six years.
That was a valuable, undisclosed gift from a foreign bank to the president.
And more: In his 2011 bid to lease the Old Post Office Building, Trump understated his debts to the US General Services Administration. The effect was to make Trump's finances seem stronger than they actually were.
Having dug into this a little bit more, I'm not sure @OversightDems got this right about @DeutscheBank changing the loan terms.
Trump Org changed the way it described the terms, but that doesnt mean the terms changed.
I'm trying to get more info.
Here is a statement from Deutsche Bank’s spokesman about @OversightDems’ accusations. A source tells me that the terms of the Trump loan did **not** change.
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