Trump Organization Asks Deutsche Bank for Loan Payment Delay
Source: Bloomberg
The family business of U.S. President Donald Trump is in informal discussions with Deutsche Bank AG about delaying some loan payments as the coronavirus forces widespread disruptions to the economy, according to a person familiar with the matter.
Trump Organization representatives reached out to the Deutsche Banks private banking unit in New York late last month and the talks are ongoing, according to the New York Times, which reported the negotiations earlier. Deutsche Bank is having similar discussions with other commercial real estate companies in the U.S., said another person, also asking not to be identified discussing private matters.
A Deutsche Bank spokesperson declined to comment. A Trump Organization spokeswoman didnt immediately respond to a request for comment.
The global coronavirus pandemic has forced borrowers and lenders across the globe to discuss ways to honor debts while acknowledging the enormous pressure on company bottom lines. But the request from the Trump Organization is especially delicate after Deutsche Bank decided to keep Trumps business dealings at arms length when he took office.
Read more: https://www.bloomberg.com/news/articles/2020-04-02/trump-organization-asks-deutsche-bank-for-loan-payment-delay
I have no words for this POS and family. Nope.
ck4829
(35,091 posts)pbmus
(12,422 posts)The Con is one of the most corrupt people in the world...
Cozmo
(1,402 posts)Vinca
(50,304 posts)QED
(2,749 posts)The Trump Crime Family has already working a way to pay off Vlad with US Taxpayer money,and then he will BK the operation if they can not be granted a loan forgiveness. Stories about them applying for SBA loans in separate paper work for all of their Real Estate.
cloudbase
(5,525 posts)When you owe the bank a thousand dollars, you have a problem.
When you owe the bank a million dollars, the bank has a problem.
Progressive Jones
(6,011 posts)The Magistrate
(95,255 posts)The only way he could meet obligations is by securing a further loan.
Better to bite the bullet and take the write-off.
With the added bonus of some real entertainment as various properties of the cheap thug are seized for auction....
Dem2theMax
(9,654 posts)CountAllVotes
(20,878 posts)babylonsister
(171,092 posts)ck4829
(35,091 posts)woodsprite
(11,927 posts)bluestarone
(17,043 posts)With that banK? They denied the took loans i thought.
Bernardo de La Paz
(49,044 posts)Bernardo de La Paz
(49,044 posts)ck4829
(35,091 posts)CRK7376
(2,203 posts)MAKE HIM PAY, MAKE HIM PAY!!!
riversedge
(70,306 posts)Yeehah
(4,594 posts)The bankrupt "billionaire."
musette_sf
(10,206 posts)how the hell is Justin Kennedy doing these days?
https://www.theguardian.com/us-news/2020/feb/04/trump-family-anthony-kennedy-brett-kavanaugh-dark-towers
not_the_one
(2,227 posts)WHY would he be late on a loan payment?
It is just an excuse. He wants to keep every penny he can because even he can see what is coming.
After THIS particular clusterfuck, even cheating won't work.
We should place bets on what morning we wake up to hear "The President left the country overnight, on board his private jet, to an undisclosed location. He had his entire family with him."
I would much prefer the entire klan of them rotting in prison the rest of their lives, all assets seized, but I would take this option in a New York minute. We could at least concentrate on putting all his enablers in jail for being accomplices to treason. ALL of them, from FOX, to the hen house (congress).
ck4829
(35,091 posts)DeminPennswoods
(15,290 posts)banking section of Deutchebank. I'm sure he'll pull whatever strings he can to make sure the loan payments are delayed.