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Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.

Rogue Valley

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Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.

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2/2/19
Donald J. Trump was burning through cash. It was early 2016, and he was lending tens of millions of dollars to his presidential campaign and had been spending large sums to expand the Trump Organization’s roster of high-end properties. To finance his business’s growth, Mr. Trump turned to a longtime ally, Deutsche Bank, one of the few banks still willing to lend money to the man who has called himself “The King of Debt.” Mr. Trump’s loan request, which has not been previously reported, set off a fight that reached the top of the German bank, according to three people familiar with the request. In the end, Deutsche Bank did something unexpected. It said no. Senior officials at the bank, including its future chief executive, believed that Mr. Trump’s divisive candidacy made such a loan too risky, the people said. Among their concerns was that if Mr. Trump won the election and then defaulted, Deutsche Bank would have to choose between not collecting on the debt or seizing the assets of the president of the United States. Two of the people familiar with the loan request said the Trump Organization had been seeking to borrow against its Miami resort to pay for work on a golf property in Turnberry, Scotland. A Trump Organization spokeswoman, Amanda Miller, denied that the company had needed outside funding for Turnberry. She did not specifically address whether the Trump Organization had sought a loan from Deutsche Bank.

The failed loan request is an untold chapter in Mr. Trump’s long and tortured relationship with the banking industry. It shows that he was actively engaged in running his business in the midst of the presidential campaign, and it is likely to attract scrutiny from Democrats on two House committees that are investigating his two-decade relationship with Deutsche Bank. Officials in the private-banking unit protested that Deutsche Bank already had numerous outstanding loans to Mr. Trump and that there was no reason not to make another, two of the people said. The decision was appealed to Deutsche Bank’s top executives in Frankfurt. That was the first time that some senior officials realized the extent of their bank’s dealings with Mr. Trump, the three people said. During the campaign, Mr. Trump sought to take advantage of that relationship when rivals painted him as a bad businessman who was frozen out of the mainstream financial system. The same month that Deutsche Bank rejected the loan proposal, Mr. Trump sought to blunt those attacks by citing his warm relationships with Wall Street firms. He singled out Deutsche Bank. “They are totally happy with me,” he told The New York Times in March 2016. “I do business with them today.”

Deutsche Bank loves me and I currently have no business deals in Russia. Caveat Emptor. Beware the con man.
 
Why does a man worth $10 Billion need loans to finance an election? Trump claimed he would self-finance his campaign yet he still collecting donations from gullible supporters.

Con-men gonna con......
 
One of my professors has a sibling who works for a very large bank in an island very nearby. This person said that Trump had come to them looking for a loan, and they refused to give it to him because he was a terrible risk, based on his propensity to file bankruptcy.

#MAGA.

:roll:
 
Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.

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Deutsche Bank loves me and I currently have no business deals in Russia. Caveat Emptor. Beware the con man.


And there goes the Deutsche Bank/Trump Conspiracy Left lie...down the tubes...

IN other Lying Left Fake News, I heard TRUMP MADE COHEN LIE TO CONGRESS ABOUT THE MOSCOW DEAL THAT WASN'T, too!! :lamo


And those "SECRET CALLS" from Trump, Jr. to then-candidate Trump ABOUT THE TOWER MEETING!!!! YEAH!!!! :2rofll:

You guys!! A hoot a day...
 
"...according to three people familiar with the request."

In other words, another rumor.

Who cares?

It kills the Trump/Deutsche Bank "CONSPIRACY" dead.
 
BTW way, LOW-INFO leftists; developers of Trump's magnitude RARELY USE BANKS for their business...the amount of capital they work with is usually borrowed frim INSURANCE CONGLOMERATES.


Deutsche Bank blew a chance to make some money...
 
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And there goes the Deutsche Bank/Trump Conspiracy Left lie...down the tubes...

IN other Lying Left Fake News, I heard TRUMP MADE COHEN LIE TO CONGRESS ABOUT THE MOSCOW DEAL THAT WASN'T, too!! :lamo


And those "SECRET CALLS" from Trump, Jr. to then-candidate Trump ABOUT THE TOWER MEETING!!!! YEAH!!!! :2rofll:

You guys!! A hoot a day...

Fun to watch you spastically deny basic reality.
 
And there goes the Deutsche Bank/Trump Conspiracy Left lie...down the tubes...

IN other Lying Left Fake News, I heard TRUMP MADE COHEN LIE TO CONGRESS ABOUT THE MOSCOW DEAL THAT WASN'T, too!! :lamo


And those "SECRET CALLS" from Trump, Jr. to then-candidate Trump ABOUT THE TOWER MEETING!!!! YEAH!!!! :2rofll:

You guys!! A hoot a day...

Another Grokian effort to prove a negative. Deutsche Bank's refusal may simply have been the bank determining more about their legal exposure than their financial exposure. The story claims an internal struggle between three bank officers over the loan. Any sound, rational, legitimate bank using sound rational, legitimate banking standards would have rejected the loan request without argument.
 
BTW way, LOW-INFO leftists; developers of Trump's magnitude RARELY USE BANKS for their business...they amount of capital they work with is usually borrowed frim INSURANCE CONGLOMERATES.


Deutsche Bank blew a chance to make some money...

Have any INSURANCE CONGLOMERATES disclosed loans to the Trump organization?
 
…..and they refused to give it to him because he was a terrible risk, based on his propensity to file bankruptcy.

How can anyone go bankrupt so many times in the casino business?

1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts

wtf?
 
How can anyone go bankrupt so many times in the casino business?

1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts

wtf?

It happens if you put your wife and brother who have no experience in charge of casinos.
 
How can anyone go bankrupt so many times in the casino business?

1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts

wtf?

It's usually a result of using them as money-laundering assets.
 
Another Grokian effort to prove a negative. Deutsche Bank's refusal may simply have been the bank determining more about their legal exposure than their financial exposure. The story claims an internal struggle between three bank officers over the loan. Any sound, rational, legitimate bank using sound rational, legitimate banking standards would have rejected the loan request without argument.

Another Jnugian effort to JUST MAKEUP WHATEVER BULL**** HE/SHE wants to "BE TRUE".

I didn't know you are a HIGH-END FINANCIAL EXPERT. Der....
 
Have any INSURANCE CONGLOMERATES disclosed loans to the Trump organization?

Why would they? Private business is private business, and insurance conglomerates have FAR MORE CAPITAL than do banks.
 
How can anyone go bankrupt so many times in the casino business?

1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts

wtf?




By having HUNDREDS of DEVELOPMENTS WORLDWIDE...the overwhelming majority of which are raging successes.


Which of those did he STILL OWN?


. Trump has 515 subsidiary companies that he owns. Trump has also had more successful companies than just those 515 that he has sold, but let’s just use that number anyway. So at most Trump has had around 9 failed or bankrupt businesses, that puts his success rate at 98.3%.

The reality is that 90% of new start-ups fail. So anyone with an 11% success rate starting companies is above average. Its the perils of a global marketplace where it can take months or years to get a product into production, after the demand for it has disappeared.

Trump is successful because he sticks to his core business, which is Real Estate,
 
How can anyone go bankrupt so many times in the casino business?

1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts

wtf?

In casinos, they are set up for the house to win. They literally throw money at you, and he went bankrupt. :lol:
 
In casinos, they are set up for the house to win. They literally throw money at you, and he went bankrupt. :lol:
The house always wins, unless Trump is in charge.
 
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