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Thu Dec 1, 2016, 01:28 AM

U.S. government seeking $14 billion in legal settlements from Trump's largest backer, Deutsche Bank

NOTE: Yes, the article is from September. Mother Jones Tweeted the link an hour ago. Since they asked the question "What will he do if elected president?" at the time of the original publication, they are apparently serving it up again as a reminder that this one is YOOGE.

https://twitter.com/MotherJones/status/804177003322675200

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Donald Trump's giant conflict of interest just got bigger http://ow.ly/ig9q306GCz1


Trump's Giant Conflict of Interest Just Got Bigger
The US government is cracking down on Trump's largest financial backer. What will he do if elected president?

RUSS CHOMA SEP. 21, 2016 10:42 AM

Donald Trump came under fire last week for his financial ties to overseas investors, including controversial financiers and corporations, whose interests might not align with US foreign policy. But if elected president, Trump would face a tremendous conflict of interest regarding the hundreds of millions of dollars he owes Deutsche Bank, which is now in the crosshairs of US regulators.

The US government has charged that the German banking giant misled investors into buying bad mortgage-backed securities in the run-up to the financial crisis of 2007 and 2008, and it is demanding that Deutsche Bank pay $14 billion to settle legal claims. The bank is reported to have planned for a settlement of $2 billion to $3 billion, and negotiations between it and the Department of Justice are likely to be contentious and last for months—possibly well into the next administration. Should Trump take the White House, what Deutsche Bank ends up paying for its alleged misdeeds might depend on how tough Trump's Justice Department will be with the bank to which he owes so much money.

The conflict of interest in this possible scenario is obvious. His administration would have to render a decision greatly affecting a foreign commercial interest holding substantial leverage over Trump. A President Trump would have a strong disincentive to apply pressure on Deutsche Bank and risk souring his relationship with the institution on which he is so dependent. And would he want to tick off this lender? If Trump and his company ever were to have trouble repaying his Deutsche Bank loans, he would be at the bank's mercy.

Deutsche Bank is one of the only big banks willing to work with Trump these days and has provided financing for his various real estate projects. Trump has borrowed as much as $364 million from Deutsche Bank since 2012, and all four of the outstanding loans will come due before 2024—the end of a potential second Trump presidential term.

http://www.motherjones.com/politics/2016/09/donald-trump-and-deutsche-bank

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Reply U.S. government seeking $14 billion in legal settlements from Trump's largest backer, Deutsche Bank (Original post)
Miles Archer Dec 2016 OP
dixiegrrrrl Dec 2016 #1
2naSalit Dec 2016 #2

Response to Miles Archer (Original post)

Thu Dec 1, 2016, 01:49 AM

1. heh heh heh

Gee, it's not like Trump hasdeclared bankruptcy...again and again and again.
It's a business model for him, allowing him to keep the money and leaving the investors and the banks on the hook.

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Response to Miles Archer (Original post)

Thu Dec 1, 2016, 08:42 AM

2. K&R

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