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On and off , Trump Org owed Deutche Bank nearly $ billion in loans.
Most recently , in 2005, Deutche lent Trump Org $640 million to build Trump Tower in Chicago. The melt down of the housing market meant Trump could not sell the condos at the former projected values and defaulted on a $40 million payment. Trump Org sued Deutche claiming the financial crisis was the equivelent of an earthquake and therefore terms should be renegotiTed. The suit was eventually settled as are most suits with Trump Org.
Deutche Bank financed the Trump DC Post Office Hotel.
Deutche Bank has been fined $ billions for Libor rate manipulation, Russian money laundering, involvement in issuing private label mortgage bonds and falsifying the quality of the underlying assets and violations of Dodd -Frank. They were required to close their Moscow operation as a part of the settlement.
A Chinese conglomerate is the largest shareholder of Deutche Bank with a 10% interest.
There is probably no bank who has more to gain by a repeal of Dodd- Frank than Deutche Bank.
Trump entered office with unprecedented conflicts of interest. The public will never know how future DoJ actions and legislation will impact future loan restructuring S with Trump Org. Putting assets in trust when you are the sole. beneficiary of the trust is nothing more than smoke and mirrors.
Follow the money, always.
what's the crime again? evidence of a crime would be nice.
The Trump family of grifters have only stood afloat because of Russian money. They are a deadbeat family that do not pay their bills and whose word is pure garbage.
Trumpists do not care about the Russian connection because of their adulation for "Der Leader" . Putting country before party and self-interest is an alien concept to them.
When his loyalists are 'scraping the bottom of the barrel' in his defense by scrambling with claims that "Money laundering isn't even a real crime" & attempting to rationalize, justify, or legitimize his bogus Trump 'University' fraud & scam, one's gotta think things are getting real. (As opposed to the 'reality-show real' or to the 'surreal'.)
Give it another 30-60 days. After Manafort and Felix Sater get through ratting Trump out, he'll be happy to tweet his resignation and slink off in shame and failure in the dead of night.
LOL, and the ousted Steve Bannon is saying his Presidency is over!
“The Trump presidency that we fought for, and won, is over,” Bannon said Friday, shortly after confirming his departure. “We still have a huge movement, and we will make something of this Trump presidency. But that presidency is over. It’ll be something else. And there’ll be all kinds of fights, and there’ll be good days and bad days, but that presidency is over.” Bannon: 'The Trump Presidency That We Fought For, and Won, Is Over.' | The Weekly Standard
How Donald Trump Lied to Conceal His Moscow Business Partner
Donald Trump has told many lies and falsehoods. He’s lied about the Russia scandal. He’s lied about his ties to organized crime. Perhaps he’s lied so much that freshly excavated prevarications don’t register greatly. Yet recent news reports revealing that Trump was pursuing a huge development deal in Moscow in late 2015 and early 2016 show that during the campaign Trump committed a tremendous act of deception.
This mammoth duplicity was encompassed in a small fib. On December 2, 2015, during an interview with an Associated Press reporter, Trump was asked about his relationship with a fellow named Felix Sater. Trump, who was then the front-runner in the GOP presidential nomination contest, replied, “Felix Sater, boy, I have to even think about it. I’m not that familiar with him.” He referred questions to his Trump Organization. One of his lawyers, Alan Garten, subsequently told the AP that Sater once prospected for real estate deals for the Trump Organization and that the arrangement lasted for six months in 2010.
What neither Trump nor Garten said was that—at that very moment—Trump was in the middle of the deal to build a Trump Tower in the Russian capital and that Sater had put together the venture. As he was running for president, Trump was hiding this project from the American public, and he was insisting he barely knew the man at the center of it. This was serious deceit. How Donald Trump Lied to Conceal His Moscow Business Partner – Mother Jones
Trump has to be the worst public liar in the entire history of our world!
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So sick of the whole mess.
How Donald Trump Lied to Conceal His Moscow Business Partner
