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THREAD: Trump and #DeutscheBank: "Trump’s financial malfeasance has always been the crux of his deep-seated core of corruption. And many of the questions raised by Trump's finances lie within his longstanding and dubious relationship with Deutsche Bank." nydailynews.com/opinion/ny-ope…
"... shady Trump properties — at 40 Wall Street, Trump at Cap Cana, the General Motors Building in Midtown, Manhattan, Trump Castle Casino and Trump World Tower — all linked to Deutsche Bank."
"Deutsche Bank, which is currently under federal investigation for allegedly laundering billions of dollars of dirty money, is a decades-long lender to Trump and his son-in-law Jared Kushner’s many failed business ventures."
"On Election Day 2016, the Trump Organization was reportedly as much as $300 million in debt to the organization.
"When all other lenders seemed to abandon Trump because of his many bankruptcies and failed businesses (Trump Steaks, anyone?), Deutsche Bank persisted in lending for dealings they should have known were bound to crater.
"Look at Trump at 40 Wall Street, for example. Deutsche Bank more than quintupled an $18 million mortgage from Trump’s prior lender, loaning Trump $125 million for a building that Bloomberg publicly reported to be rife with con artists as tenants."
"Trump Cap Cana was an attempt to build a Trump-branded project at the $2 billion Cap Cana luxury resort and community in the Dominican Republic. Deutsche Bank was reported as an original partner in the development’s lift-off.
"After construction began, the developers of Cap Cana ran out of financing for the project due to the bankruptcy of Lehman Brothers, a major source of financial support for the project. In 2017, Eric Trump traveled to the Dominican Republic to possibly restart the project.
"Then there’s Trump Castle Casino, also called Trump Marina. In 1998, the same year the Trump World Tower was financed with a $350 million Deutsche Bank loan to Trump, the bank backed a $320 million refinancing of that casino.
"For years, the casino had been in dire financial straits and yet, despite this debt, Deutsche Bank’s interest rate on the loan was substantially less than what Trump had previously been paying. Again, on its surface, this raises serious questions for authorities to investigate.
"Deutsche Bank has stuck with Trump even after he sued the organization in 2008 to avoid payment on a construction loan, claiming the financial crisis was an 'Act of God.' It took no Act of God for Deutsche Bank to continue wiring the Trump Organization money.
"At Trump’s request, they granted him funding over and over and over again. WHY?" nydailynews.com/opinion/ny-ope…
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