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In reply to the discussion: Dead beat Donnie Groveling for Financial help from Deutsche Bank [View all]BigmanPigman
(54,534 posts)"Other companies may be able to tap into a $500 billion rescue fund that will be administered by the Treasury Department. But the economic bailout package, which Mr. Trump signed into law last week, specifically barred the president and his family from access to that money."
"Yet the company, which has a portfolio of more than a dozen golf clubs and luxury hotels in the United States and overseas, has opted to keep some of its properties open absent government orders to close, in contrast with the widespread shutdowns by some larger hotel chains."
"Mr. Trump has at times in the past tried to take advantage of crises to get out of his debts."
"In November 2008, he owed hundreds of millions of dollars on a loan from Deutsche Bank that financed the construction of the Trump International Hotel & Tower in downtown Chicago. Mr. Trump told Deutsche Bank that he considered the financial crisis to be a contract-voiding act of God. He sued the bank, blaming it for the crisis and for engaging in predatory lending by trying to collect on the loan, and sought $3 billion in damages."