Kath Profile picture
Feb 18 10 tweets 5 min read
@Emolclause According to the House Oversight Committee, Deutsche Bank gave Trump undisclosed preferential treatment on a $US170 million loan for his DC hotel. The German bank allowed Trump to delay making payments on the principal. Trump did not publicly disclose this benefit when President.
@Emolclause Since the late 1990s, Trump has been lent more than $2 billion by Deutsche Bank. Bank executives have reason to worry that they could be tied into additional investigations surrounding Trump’s financial history.
@Emolclause The General Services Administration (GSA) manages the federally owned Old Post Office Pavilion where Trump's Washington DC hotel is located. The House Oversight Committee sent a letter to the GSA requesting additional information about the status of Trump's hotel business.
@Emolclause Deutsche Bank permitted Rosemary Vrablic to resign. Sounds a lot like a graceful but forced exit. bloomberg.com/news/articles/…
@Emolclause A link to this letter is embedded in the [House of Representatives Committee on Oversight and Reform] press release.
@Emolclause In 2018, terms of the Deutsche Bank loan were changed to allow the Trump Hotel to defer any principal payments on the loan by 6 years, making interest-only payments for an additional 6 years and delaying any principal payments to August 2024 when the loan was scheduled to mature.
@Emolclause Trump is already in huge financial trouble. His borrowing sources have dried up. That's why he, Melania, the Trump spawn, and the GOP are so busy scamming in the dying days of their criminal enterprise.

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