Thread by @mdbergman36

I support @DeutscheBank declaring they'll no longer do biz w/ Mr. Trump. Not like he's a profit center, he's loss leader at institution w/ crippled reputation. That said if firm line is "fastest way to sever ties=forgive $300mm defaulted loans"=I'd rather they have said nothing.

(it would be indeed be true that most expeditious cutting of ties would be forgiveness. & frankly, the President has stiffed even his institutional lenders to such an extent that there's probably a special line item reserve just for him) (cont)

But if the reporting is accurate that Mr. Trump has personally guaranteed these loans, Deutsche, should it so choose, virtually certainly can put him into corp & personal bankruptcy - it'd be stunning if loan docs don't have cross-default & cross-acceleration clauses (cont/

I'll grant Deutsche that vis-a-vis its shareholders, at this stage, writing off the loans entirely may be the financially correct call (if Trump had to provide a personal guarantee, leads me to believe the loans are at best undersecured - not certain of nature of collateral (cont

But if there's in fact tangible collateral the value of which exceeds liquidation value, Deutsche should give every consideration to be immediately declaring an event of default, accelerating entirety of amount outstanding & foreclose on perfected secured collateral.