Trump Has a Conflict-of-Interest Problem No Other White House Candidate Ever Had

[deminks]

He owes at least $100 million to a foreign bank that's battled with US regulators.

http://www.motherjones.com/politics/2016/06/trump-german-loan-deutsche-bank

In his most recent financial disclosure statement, Donald Trump notes he has billions of dollars in assets. But the presumptive GOP nominee also has a tremendous load of debt that includes five loans each over $50 million. (The disclosure form, which presidential candidates must submit, does not compel candidates to reveal the specific amount of any loans that exceed $50 million, and Trump has chosen not to provide details.) Two of those megaloans are held by Deutsche Bank, which is based in Germany but has US subsidiaries. And this prompts a question that no other major American presidential candidate has had to face: What are the implications of the chief executive of the US government being in hock for $100 million (or more) to a foreign entity that has tried to evade laws aimed at curtailing risky financial shenanigans, that was recently caught manipulating markets around the world, and that attempts to influence the US government?

Trump's disclosure form lists 16 loans from 11 different lenders, totaling at least $335 million, and the aggregate amount is likely much more. Deutsche Bank is clearly his favorite lender, and Trump's financial empire has become largely dependent on his relationship with this major player on Wall Street and the global markets. The German bank has lent him at least $295 million for two of his signature projects. In 2012, Deutsche provided Trump with $125 million to help him buy Trump National Doral golf course. Last year, it handed Trump a $170 million line of credit for his new hotel project on Pennsylvania Avenue in Washington, DC.

(snip)

Trump and Deutsche Bank patched things up, and hundreds of millions of dollars in credit subsequently flowed from the German behemoth to Trump. But with all his debt to Deutsche Bank coming due before the end of what would be Trump's second term as president, there's more to this relationship than what's on the financial ledger. The American public, too, has much at stake when it's possible that the next president will be deeply in debt to a global financial player that has been caught trying to use its influence to rig the financial system.

(end snip)

[riderinthestorm]

1. I suspect Bushco has had even more egregious conflicts of interest

In fact, I'm sure that's partly why they got into office.

[mopinko]

2. IF he managed to get himself elected

he would make dick cheney look like a girl scout.

[onecaliberal]

3. ^^THAT^^

[Gothmog]

4. Deutsche Bank will be used against Trump

[47of74]

6. I sure as hell hope so.

I hope the Democratic nominee - whoever it is - has people taking notes on all the shit one Donald J. Trump has done.

[demigoddess]

5. and he has a history of just not paying his debts.

So this could really damage our relations with these foreign countries and might also make him a laughing stock to foreign leaders. An american president who doesn't keep his word in business will make them question how good his word is on political issues.

[red dog 1]

7. K&R

[Earth Bound Misfit]

8. Kick n/t

[UTUSN]

9. R#34 & k n/t