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Trump sought a loan during the 2016 campaign & in an unusual move - Deutsche Bank said no
Among their concerns was that if Trump won and defaulted, Deutsche would have to choose between not collecting on the debt or seizing the assets of the US president
nytimes.com/2019/02/02/bus…
Among their concerns was that if Trump won and defaulted, Deutsche would have to choose between not collecting on the debt or seizing the assets of the US president
nytimes.com/2019/02/02/bus…
Two of the people familiar with the loan request said the Trump Org had been seeking to borrow against its Miami resort to pay for work on a golf property in Turnberry, Scotland (however a Trump org spokesperson denies this is true).
nytimes.com/2019/02/02/bus…
nytimes.com/2019/02/02/bus…
The funding of Trump’s golf empire has been something of a mystery.
A prominent golf journalist, James Dodson, said Trump’s son Eric had told him in 2013 that the company’s golf properties were funded by Russians. Eric Trump has denied making the comment.
nytimes.com/2019/02/02/bus…
A prominent golf journalist, James Dodson, said Trump’s son Eric had told him in 2013 that the company’s golf properties were funded by Russians. Eric Trump has denied making the comment.
nytimes.com/2019/02/02/bus…
In 2014 & 2015, a Trump legal entity lent at least $96 million to the subsidiary that operated Turnberry according to British regulatory filings. The next year, the Trump Org went back to Deutsche Bank for more. And Deutsche Bank said no.
nytimes.com/2019/02/02/bus…
nytimes.com/2019/02/02/bus…
A Trump entity ended up lending $45 mil+ to Turnberry on top of $96 mil lent in prior years. While Deutsche loan didn’t go through, it will likely draw interest of congressional Dems. Reps Schiff & Waters plan to investigate Trump’s involvement w/Deutsche.
nytimes.com/2019/02/02/bus…
nytimes.com/2019/02/02/bus…
In addition to investigating the loans from Deutsche Bank to Trump - the Dems should also investigate where the $96 mil and additional $45 mil+ originated from - that came from a Trump entity and was "loaned" to Turnberry @RepAdamSchiff @RepMaxineWaters nytimes.com/2019/02/02/bus…
The risk Deutsche worried about if Trump defaulted is striking: either forgo collecting on the debt or seize the assets of the US president.
It still shocks me MSM hasn't covered Trump's 2nd largest creditor Ladder Capital given how much debt they hold
medium.com/@wsiegelman/tr…
It still shocks me MSM hasn't covered Trump's 2nd largest creditor Ladder Capital given how much debt they hold
medium.com/@wsiegelman/tr…
Another failed attempt by Trump to secure £38m loan for Turnberry from the Bank of Scotland by @MartynMcL
