Terry Sampson
Well-Known Member
Propublica - Media Bias/Fact Check
WARNING! ProPublic bias is alleged to be Left-Center.
That said, a May 22, 2019 ProPublica article [Why Did Deutsche Bank Keep Lending to Donald Trump? — “Trump, Inc.” Podcast — ProPublica] states:
My crystal ball tells me that we're gonna find out that co-signers in Trump's loan applications included some big-name billionaire Russian oligarchs close to Putin.
WARNING! ProPublic bias is alleged to be Left-Center.
That said, a May 22, 2019 ProPublica article [Why Did Deutsche Bank Keep Lending to Donald Trump? — “Trump, Inc.” Podcast — ProPublica] states:
- "The German bank [loaned a cumulative total of around $2.5 billion to Trump projects over the past two decades, and the bank continued writing him nine-figure checks even after he defaulted on a $640 million obligation and sued the bank, blaming it for his failure to pay back the debt."
- "Deutsche Bank’s private wealth unit loaned Trump $48 million — after he had defaulted on his $640 million loan and the bank’s commercial unit didn’t want to lend him any further funds — so that Trump could pay back another unit of Deutsche Bank. “No one has ever seen anything like it,” said David Enrich, finance editor of The New York Times, who is writing a book about the bank and spoke to “Trump, Inc.”
- Deutsche Bank loaned Trump’s company $125 million as part of the overall $150 million purchase of the ailing Doral golf resort in Miami in 2012. The loans’ primary collateral was land and buildings that he paid only $105 million for, county land records show. The apparent favorable terms raise questions about whether the bank’s loan was unusually risky.
- To widespread alarm, and at least one protest that Trump would not be able to pay his lease obligations, Deutsche Bank’s private wealth group loaned the Trump Organization an additional $175 million to renovate the Old Post Office Building in Washington and turn it into a luxury hotel."
How has Trump been able to continue receiving loans from Deutsche Bank?
- The bank was “laundering money for wealthy Russians and people connected to Putin and the Kremlin in a variety of ways for almost the exact time period that they were doing business with Donald Trump,” Enrich said. “And all of that money through Deutsche Bank was being channeled through the same exact legal entity in the U.S. that was handling the Donald Trump relationship in the U.S. And so there are a lot of coincidences here.”
My crystal ball tells me that we're gonna find out that co-signers in Trump's loan applications included some big-name billionaire Russian oligarchs close to Putin.