Deutsche Bank, which loaned millions to Trump, ‘tired of negative publicity’

[HomerJS]

I have just one word...

waaaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhh!!

Alright, more then one word. So Deutsche Bank lays down with pigs and now they can't stand the smell of shit?? Too fucking bad

Google

thegrio.com

 

[pauldun170]

From the source article

Deutsche Bank has about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons, according to filings made by Trump to the U.S. Office of Government Ethics in July and a senior source within the bank. The three loans, which are against Trump properties and start coming due in two years, are current on payments and personally guaranteed by the president, according to two bank officials.

One idea that has come up in the meetings: sell the loans in the secondary market, two of the bank officials said. But one of the officials said that idea has not gained traction, in part because it is not clear who would want to buy the loans and the attendant problems that come with it.

The loans, which are against Trump’s golf course in Miami, and hotels in Washington and Chicago, are such that the Trump Organization has only had to pay interest on them so far, and the entire principal is outstanding, two of the three bank officials said. They come due in 2023 and 2024, the filings show.

The businesses backing the loans face challenges. The coronavirus-driven economic slowdown has hit the travel industry, including hotels. Moreover, last month Reuters reported that Trump’s plan to make money by developing houses and hotels on his golf courses, including the one involving the Deutsche Bank loan, had not panned out so far.

If Trump is not in office, Deutsche Bank executives feel that it would be easier for them to demand repayment, foreclose if he is not able to pay it off or refinance, or try to sell the loans, according to two of the three bank officials.

If Trump wins a second term, Deutsche Bank executives feel their options would be fewer, the three bank officials said. The bank wouldn’t want the negative publicity inherent with seizing assets from a sitting president and would likely extend the loans until he is out of office, two of the bank officials said.

Exclusive: Tired of Trump, Deutsche Bank games ways to sever ties with the president - sources

Deutsche Bank AG <DBKGn.DE> is looking for ways to end its relationship with President Donald Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties, according to three senior bank officials with direct knowledge of the matter.

www.reuters.com

 

[hal2kilo]

I have just one word...

waaaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhh!!

Alright, more then one word. So Deutsche Bank lays down with pigs and now they can't stand the smell of shit?? Too fucking bad

Google

thegrio.com

Damn mortgage companies have lied to me more than once about not selling my mortgage. No buyers for Trump's loan huh? So sad.

 

[sactoking]

Of course nobody wants to buy the loans on the secondary market. They know that as soon as repayment comes due he's just going to default and then sue them for being stupid enough to lend him money.

 

[fleshconsumed]

Meh, it's like christianity Today editorial articles earlier this year complaining that Trump makes them look bad. They liked him appointing conservative judges and they liked him defending christianity, they just don't like the public image that came along with him harming their cause turning people away from religion.

 

[hal2kilo]

Meh, it's like christianity Today editorial articles earlier this year complaining that Trump makes them look bad. They liked him appointing conservative judges and they liked him defending christianity, they just don't like the public image that came along with him harming their cause turning people away from religion.

Apparently, more people than you can imagine, enjoy eating shit as a garnish.

 

[Thump553]

Trump is frankly a minor scandal for Deutsche Bank, given their history of money laundering and Russian money

 

[dank69]

I imagine if Trump were to default on that loan Deutsche Bank's stock will go down a quarter of a point for a few hours. Can't have that.

 

[Moonbeam]

Part of the disastrous effects of self hate is that part of the joy of having money comes from the fact others don't. It's constant comparison to others as children that make people mentally ill, and money that helps patch up such insecurity.

Money then is valuable because in a very real way it can provide freedom from want and thus the fear of it. But rather than working to end want universally, and thus the need for more and more money, those who have it have ego needs to show it off to others. Their self hate creates the obsessive need express themselves as better than others.