Grokmaster
DP Veteran
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- Jul 8, 2017
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And now, the discussion of a perfectly legal real estate development, by the international entrepreneur real estate developer, which was not even built...is the Fake News/Lying Left's CURRENT "SMOKING GUN".
Of course as anybody with a brain might have imagined they chose a Russian bank (Putin's bank)for their deal that is sanctioned. So there goes the "perfectly legal" argument right out the window.
In the second place the Trump Organization was still negotiating this deal for Trump Tower Moscow right as Candidate Trump was rather loudly trying to convince the Electorate that he had no business dealings in Russia.
I could go on. But why should I.
1. If a Russian consortium is negotiating with Trump enterprises to build a hotel using his brand name, why would they NOT use a Russian bank?
2. The Trump organization is still a going business concern, and they will keep doing business. So what?
The facts speak for themselves, albeit people with allow their confirmation bias to see it they way they choose. :coffeepap:
And now, the discussion of a perfectly legal real estate development, by the international entrepreneur real estate developer, which was not even built...is the Fake News/Lying Left's CURRENT "SMOKING GUN".
Of course, leftists re confused by ACTUAL COMMERCE, as they prefer lifelong Politburo members as leaders with ZERO REAL WORLD EXPERIENCE, as their voting history proves...
VIDEO AT LINK.
Democrats ‘crying wolf for two years’ over Russia investigation
https://www.yahoo.com/entertainment/full-barrasso-democrats-crying-wolf-064133545.html
Trump lied to the public about this during the campaign and after. His people even broke the law in doing so. This doesn't concern you?2. The Trump organization is still a going business concern, and they will keep doing business. So what? :shrug:
1. If a Russian consortium is negotiating with Trump enterprises to build a hotel using his brand name, why would they NOT use a Russian bank?
2. The Trump organization is still a going business concern, and they will keep doing business. So what? :shrug:
The facts speak for themselves, albeit people will still allow their confirmation bias to see such facts any they way they choose. :coffeepap:
And now, the discussion of a perfectly legal real estate development, by the international entrepreneur real estate developer, which was not even built...is the Fake News/Lying Left's CURRENT "SMOKING GUN".
Of course, leftists re confused by ACTUAL COMMERCE, as they prefer lifelong Politburo members as leaders with ZERO REAL WORLD EXPERIENCE, as their voting history proves...
VIDEO AT LINK.
Democrats ‘crying wolf for two years’ over Russia investigation
https://www.yahoo.com/entertainment/full-barrasso-democrats-crying-wolf-064133545.html
1. If a Russian consortium is negotiating with Trump enterprises to build a hotel using his brand name, why would they NOT use a Russian bank?
The contention in the OP was that it was perfectly legal. It wasn't. Because it is a sanctioned bank.
Not only is VTB, the bank written into the LOI signed by the Trump group a sanctioned bank, its Putin's bank. VTB is not more for Putin and his crooks than a vehicle for Ruble Laundering which of course made it perfect for Donald who by then had been feasting on all aspects of Russian Ruble Laundering including the money that funded his loans from Deutsche Bank.
Note the dates involved. Trump was trying very hard as a candidate for President to convince the Electorate that he had no business dealings in Russia while his organization was still pursuing Trump Tower Moscow.
As you say, the facts speak for themselves.
Here is a link to the LOI that you mention. Could you please point me to where VTB is mentioned? I can't find it.
https://www.scribd.com/document/358350509/Letter-of-intent
The LOI itself is between IC Expert Investment and the Trump Organization. Both Sberbank and VTB are IC Expert partners and VTB is the bank with which Sater says he was arranging the financing. The two biggest state owned banks in Russia are VTB and Sberbank, both so intertwined at the top that it is hard to distinguish between the two. They are state owned. The Central Bank of Russia holds a 57% share of Sberbank, Russia's largest commercial bank and at inception owned 98% of VTB and still owns 61% of VTB.
IC Expert secured a $10.6B Ruble non-revolving line of credit from Sberbank weeks after signing the LOI with the Trump Organization. Cohen in the phase of his participation when he was trying to deny there was a project claimed the Trump Org had grown weary of the project because "they" [IC Expert] could not secure the financing. Hmmmm...based on what Michael?
IC Expert is simply a construction and development arm of the vast Russian Crime Enterprise that feeds Putin and his cronies and is partnered with the two largest banks in Russia, both majority owned by the Central Bank of Russia, both also part of Russia's vast Crime Enterprise. So when Dmetry Peskov tells reporters that he simply passes inquiries and communications regarding construction and development from foreign investors onto third parties for assistance what he is really saying is that "We do not handle these development projects at the highest levels within the Kremlin. You need to talk to this guy." Which is exactly what a Capo of a US Crime Family would tell you if you right angled into that crime family high up in the food chain. He would say "you need to talk to this guy".
In true crime enterprise fashion ala' "we have your money, you will get your apartment when we are good and ready to turn it over to you" IC Expert is being dinged by buyers for being woefully behind in the completion of projects and having few construction workers visibly working on the projects they have.
At any rate, you can argue that neither VTB or Sberbank are mentioned in the body of the LOI. I would argue that if you are signing with IC Expert and their name is at the top of the LOI, you are getting either Sberbank or VTB if not both and both are sanctioned banks and you are in direct contact with a member of the vast Russian Crime Enterprise.
So...this, "Not only is VTB, the bank written into the LOI signed by the Trump group a sanctioned bank" is not correct. Thank you for walking that back.
Why should Trump be liable for financing that a Russian investment company or a Russian builder secures? The LOI only involves the licensing of the Trump name. In fact, the LOI leaves it up to the investment company to secure their own financing. Also, is it against the law for a Russian company to do business with a Russian bank?
The rest of your post is nothing more than spin, speculation, a LOT of innuendo and a fair amount of hyperbole. Very little fact and what facts you do have all point to legal business dealings by the Trump organization.
Certainly Trump's position as a Licenser muddies the waters further which is exactly the reason why the Trump Organization has basically fallen out of the real estate business and into the "licensing" business or have they. Each development component of the "project" even as described in the LOI calls for specific "Development Components" defined by Licensor and each with "Licensor's Development Standards" defined and managed and marketed by the Licensor. The Property Management firm must be approved by Licensor. Licensor shall receive a Supervisor Fee for Supervising the management of the facility by the Property Management company (a neat trick).
All payments from Licensee to Licensor are to be made in US Dollars and all terms governed by the laws of the State of NY which brings us back to the use of sanctioned banks for the financing. Any arbitration would be conducted in NY. In other words, that Licensing agreement is a shell (another neat trick). Worth pointing out that Trump Soho was anther Felix Sater partnership with Trump that had suspect agreements and shells up and down the place which eventually led to its demise.
All IC Expert can do is secure a loan within the financing constraints defined in the Licensing Agreement and hire somebody to pound nails as long as the nail pounding contractor meets with the approval of the Licensor. Its a Development contract wrapped in the shell of a Licensing Agreement. I would love to know how many of those Trump has floating around.
So again, while Sberbank and VTB are not buried somewhere in the body of the LOI, I doubt that matters from a practical perspective given the Licensor and the Licensee and the language of the LOI. In fact, I would love to see IC Experts loan papers if they had secured or were trying to secure financing for the project as I seriously doubt they could get away with securing the financing without bringing their obligations to Licensor into that process just based on the language in the Agreement.
The fact that you thought this refuted a claim that Trump is in cahoots with Russia is absolutely mind boggling.
Can you show me anything from Trump that says the licensee must use VTB? It's not in the LOI.
And now, the discussion of a perfectly legal real estate development, by the international entrepreneur real estate developer, which was not even built...is the Fake News/Lying Left's CURRENT "SMOKING GUN".
Of course, leftists re confused by ACTUAL COMMERCE, as they prefer lifelong Politburo members as leaders with ZERO REAL WORLD EXPERIENCE, as their voting history proves...
VIDEO AT LINK.
Democrats ‘crying wolf for two years’ over Russia investigation
https://www.yahoo.com/entertainment/full-barrasso-democrats-crying-wolf-064133545.html
Not really.
Many of the businesses using Trump's name are actually leasing his name-brand in exchange for fees and in some cases a share of the profits.
Moreover, "being in cahoots with Russia" implies direct ties to Putin and his government. Yet people can do business IN a foreign nation without being "IN CAHOOTS" with those who run the government.
For example, much is often made of New York City businesses (including Trump's building efforts) having had ties to "organized crime" (i.e. The Mafia). Yet people fail to realize that for many years organized crime syndicates controlled many aspects of the construction industry, so that you literally could not build any structure without "ties" to their concrete and transport monopolies, and/or the union labor they controlled.
Same goes for business investments overseas. You build a factory in Communist China, and you have "ties" to the Chinese government. You negotiate with a Russian consortium to allow your brand name to be used for a hotel they want to build, then there will probably be "ties" to all sorts of nefarious persons on that side of the business investment. That does not mean you are working with/for those governments; or that you support them in any way. It is simply the cost of doing business.
That's just business, and anyone who thinks otherwise? Well...let's just say that IMHO they are not seeing things in a realistic light. :coffeepap:
We are past that aren't we? The point is its really a development agreement, wrapped in what is titled as a licensing agreement. They don't have to do what Sater has said they were doing and they didn't have to take a non-revolving line of credit from Sberbank but they did.
And:
Campaigner Trump did not have to deny he had business dealings in Russia when he did. But that is what he did anyway.
Just ignore them, I stopped listening to them after Don Lemon admitted that it was a "nothingburger"
1. If a Russian consortium is negotiating with Trump enterprises to build a hotel using his brand name, why would they
NOT use a Russian bank? <EMOJI>
2. The Trump organization is still a going business concern, and they will keep doing business. So what? <EMOJI>
The facts speak for themselves, albeit people will still allow their confirmation bias to see such facts any they way they choose. <EMOJI>
Just ignore them, I stopped listening to them after Don Lemon admitted that it was a "nothingburger"
Trump didn't enter into a development agreement. It was a licensing agreement.
Trump had nothing to do with the financing of the developer.
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