General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo the lady from Deutsche Bank who helped Trump get......
millions in loans calls in him a whale? Boy, if that isnt an oxymoron then I dont know what is?
She testified yesterday in Trumps civil trial in New York that he was a great customer, yet he never paid back the same amount of loan payments. He inflated his wealth to get the loans. He lied about his wealth and property taxes to steal money from people who dealt with. He is con and she called him a good customer? That sure tells me one thing? That there were more to these loans which howls of criminal activity? Deutsche Bank should be investigated for this? The loans were fraudulent from the beginning and its the little guy who does the work to make the payments as required by law. Trump is not a example of a good customer, period!
JT45242
(4,043 posts)They were washing dirty money through tfg. Losses were acceptable as long as the money avoided sanctions and confiscation.
Added bonus, they were able to buy beer bong seat on SCOTUS for Putin as well
Bernardo de La Paz
(60,320 posts)I have not read that before.
May I see the evidence you base your claim on, please?
sarcasmo
(23,968 posts)Walleye
(44,797 posts)moniss
(9,056 posts)many times the people doing the "approval" are getting paid a commission. Sometimes if they don't get the "commission" directly above the table by the lender they they may get the money "under the table" from the one borrowing the money. So if this clown needed 100 million he might borrow 120 and then a short time later pay a "consulting fee" to some side company that pays the money to the person who approved the loan. The borrower might also skim some money off the deal and then claim they can't make good on the loan and then maybe only pay back 80 million for example.
bucolic_frolic
(55,129 posts)The history of Deutschebank is very scant post war. Not as empty as Swiss banks of course. But not much about their transition post-Nazi government regime, source of funding. Lots of money and resources went missing during and after WWII. Lots of money moved to South America before, during, and after.
The OP is asking why so much money was available for Trump. It's like he created his own collateral so they could lend him money which became more collateral. Money-multiplier like taught about the Federal Reserve in economics Money and Banking courses.
In the book The Holcroft Covenant, Nazi money was hidden for decades to fund the Fourth Reich. You know?
cachukis
(3,932 posts)firm VEB used as a vehicle for Russian oligarch pass through. Quite possibly, much of trump's real estate business with the Russians were supported when VEB worked with Deutsche Bank.
I have looked periodically for an update and this note that the woman from Deutsche Bank testified, says someone has paid attention.
She seemed to have faded into the woodwork.
Will do some more digging.