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"Deutsche Bank reportedly loaned more than $2 billion to President Trump over multiple decades while he was a real estate developer.
The New York Times reported Monday, based on interviews with more than 20 bank officials, that the bank repeatedly loaned money to Trump despite multiple business-related "red flags."
In attempting to secure loans from the bank, Trump often exaggerated his wealth, according to the Times.
When Trump was trying to get a loan from the bank to build a skyscraper in Chicago, he reportedly said his net worth was $3 billion. The bank, however, reportedly concluded that he was worth about $788 million.
"Deutsche Bank reportedly loaned more than $2 billion to President Trump over multiple decades while he was a real estate developer.
The New York Times reported Monday, based on interviews with more than 20 bank officials, that the bank repeatedly loaned money to Trump despite multiple business-related "red flags."
In attempting to secure loans from the bank, Trump often exaggerated his wealth, according to the Times.
When Trump was trying to get a loan from the bank to build a skyscraper in Chicago, he reportedly said his net worth was $3 billion. The bank, however, reportedly concluded that he was worth about $788 million.
Exaggerating your wealth in order to secure loans is pretty tame in the general scheme of things in my opinion, heck I knew a guy years ago that used to exaggerate his earnings from his lawn care company, and pay the extra income tax, JUST so he could qualify for large signature loans, (it wasnt the smartest thing financially, but hey, we all know that!)
Exaggerating your wealth in order to secure loans is pretty tame in the general scheme of things in my opinion, heck I knew a guy years ago that used to exaggerate his earnings from his lawn care company, and pay the extra income tax, JUST so he could qualify for large signature loans, (it wasnt the smartest thing financially, but hey, we all know that!)
So fraud is "pretty tame" to you?
People go to prison for that, you know. And by "people" I mean some of the folks that worked on the Trump campaign, for example.
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