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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums2fer: SHITLER & 1) Deuche Bank, 2) Meet Sheldon - we know both of these
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https://markets.businessinsider.com/news/stocks/biggest-bombshells-trump-deutsche-bank-lending-new-york-times-report-2020-2-1028908722
These are the 5 biggest bombshells from The New York Times' report on Trump's money and Deutsche Bank
.... For Trump, Deutsche Bank fueled numerous risky loans and allowed him to continue expanding his business empire after a number of major bankruptcies. The Times' report details how working with Trump helped establish Deutsche Bank as a maverick among financial institutions, willing to do business with people other banks wouldn't touch. ....
As a main lender for Trump's multimillion-dollar real estate projects, Deutsche Bank enjoyed special access to the president's returns as they weighed the risk of opening a line of credit. Executives at the firm told Enrich that Deutsche Bank either has or has had portions of Trump's personal tax returns going as far back as 2011, revealing where new information on the president's finances could turn up. ....
When teams fell out of favor with Trump over lawsuits, unpaid loans, or heightened risks, the businessman turned to a new desk at Deutsche Bank for funding. After the junk bond sale, Trump looked to the firm's commercial real estate division to finance his Chicago tower. He reportedly flew the bankers, who included the son of Supreme Court Justice Anthony Kennedy, in the same Boeing jet that he used to send the other team to Florida. Trump then invited the bankers to Trump Tower, showered them in praise, and noted that Ivanka would lead the Chicago project, according to The Times. The deal went through.
Beyond massive loans and dubious partnerships across divisions, Deutsche Bank offered Trump unique instruments for keeping his financial information hidden from regulators and placing risk of default on outside investors. The firm created several "special purpose vehicles" for the millionaire to "quietly and inexpensively acquire international properties," The Times reported. The tools allowed Trump to use other investors' capital to make deals in Eastern Europe and South America, effectively using cash from other Deutsche Bank clients to cover his side of a purchase. ....
https://www.businessinsider.com/who-is-sheldon-adelson-billionaire-casino-mogul-megamansion-trump-2019-5
Meet the casino billionaire behind The Venetian and Marina Bay Sands, who's worth $37 billion, lives in a Vegas mansion, and has donated more than $25 million to Trump
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2fer: SHITLER & 1) Deuche Bank, 2) Meet Sheldon - we know both of these (Original Post)
UTUSN
Feb 2020
OP
rockfordfile
(8,704 posts)1. Yeah he's a crook
Pachamama
(16,887 posts)2. K & R for the Monday morning