Trump Organization Asks Deutsche Bank for Loan Payment Delay

[CountAllVotes]

Source: Bloomberg

The family business of U.S. President Donald Trump is in informal discussions with Deutsche Bank AG about delaying some loan payments as the coronavirus forces widespread disruptions to the economy, according to a person familiar with the matter.

Trump Organization representatives reached out to the Deutsche Bank’s private banking unit in New York late last month and the talks are ongoing, according to the New York Times, which reported the negotiations earlier. Deutsche Bank is having similar discussions with other commercial real estate companies in the U.S., said another person, also asking not to be identified discussing private matters.

A Deutsche Bank spokesperson declined to comment. A Trump Organization spokeswoman didn’t immediately respond to a request for comment.

The global coronavirus pandemic has forced borrowers and lenders across the globe to discuss ways to honor debts while acknowledging the enormous pressure on company bottom lines. But the request from the Trump Organization is especially delicate after Deutsche Bank decided to keep Trump’s business dealings at arms length when he took office.



Read more: https://www.bloomberg.com/news/articles/2020-04-02/trump-organization-asks-deutsche-bank-for-loan-payment-delay

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I have no words for this POS and family. Nope.

[ck4829]

1. Wow, the coronavirus truly is sparing nobody... even slush funds aren't safe!

[pbmus]

2. Read 'Dark Towers' , literally scare the shit out of you..

The Con is one of the most corrupt people in the world...

[Cozmo]

14. Deutsche Bank employees are just as corrupt as he is

[Vinca]

3. How will they keep up the "billionaire" charade?

[QED]

4. Maybe Vlad will come to his rescue again. nt

[Wellstone ruled]

13. NO,

The Trump Crime Family has already working a way to pay off Vlad with US Taxpayer money,and then he will BK the operation if they can not be granted a loan forgiveness. Stories about them applying for SBA loans in separate paper work for all of their Real Estate.

[cloudbase]

5. It will probably be granted.

When you owe the bank a thousand dollars, you have a problem.
When you owe the bank a million dollars, the bank has a problem.

[Progressive Jones]

11. Truth. nt

[The Magistrate]

6. The Bank Ought To Foreclose On The Welsher

The only way he could meet obligations is by securing a further loan.

Better to bite the bullet and take the write-off.

With the added bonus of some real entertainment as various properties of the cheap thug are seized for auction....

[Dem2theMax]

7. Sir, I politely second this motion.

[CountAllVotes]

8. +1,000+++++

[babylonsister]

9. I'd like to know EXACTLY what the loans are for. nt

[ck4829]

25. Me too

[woodsprite]

10. Maybe he could ask Loefler for a 'loan'. nt

[bluestarone]

12. I thought i heard tRUMP didn't do business

With that banK? They denied the took loans i thought.

[Bernardo de La Paz]

16. Opposite. tRump's loan officer is ex-SCotUS Kennedy's son. . . . nt

[Bernardo de La Paz]

15. This comes as he is HOARDING masks, denying them to GERMANY. . . . nt

[ck4829]

24. Yep

[CRK7376]

17. Three Simple Words

MAKE HIM PAY, MAKE HIM PAY!!!

[riversedge]

18. I will wave my magic stick.

[ck4829]

22. +1

[Yeehah]

19. What's Trump hiding in those tax returns?

The bankrupt "billionaire."

[musette_sf]

20. Speaking of Deutsche Bank,

how the hell is Justin Kennedy doing these days?

https://www.theguardian.com/us-news/2020/feb/04/trump-family-anthony-kennedy-brett-kavanaugh-dark-towers

[not_the_one]

21. At the rate he is bilking the tax payers for millions and millions, just on golfing...

WHY would he be late on a loan payment?

It is just an excuse. He wants to keep every penny he can because even he can see what is coming.

After THIS particular clusterfuck, even cheating won't work.

We should place bets on what morning we wake up to hear "The President left the country overnight, on board his private jet, to an undisclosed location. He had his entire family with him."

I would much prefer the entire klan of them rotting in prison the rest of their lives, all assets seized, but I would take this option in a New York minute. We could at least concentrate on putting all his enablers in jail for being accomplices to treason. ALL of them, from FOX, to the hen house (congress).

[ck4829]

23. Good question

[DeminPennswoods]

26. former Justice Kennedy's son works in the private

banking section of Deutchebank. I'm sure he'll pull whatever strings he can to make sure the loan payments are delayed.

[gibraltar72]

27. Probably have to do them another favor though.

[Firestorm49]

28. He's asking for a delay? I'm surprised. Usually he just stiffs them.

[LiberalFighter]

29. Deny