2016! Trump DENIED a loan from Deutsch Bank, they thought he would DEFAULT

C

Centerleftfl

Verified User
I stumbled across this very possibility yesterday but NOT specifically with Deutsch Bank. I asked if a sitting president can declare BANKRUPTCY, personal or business? TRUMP ORG, remember, is BOTH. So let's assume Deutsch Bank gave him the loan. Then he defaulted! Could they sue him while he was PRESIDENT? Does ANYONE here, think TRUMP didn't game that out?

(Thank GOD for TRUMP'S 'uneducated', they wouldn't have a fucking clue what this post was all about!)

Foreign bank denied Trump a massive loan during the 2016 campaign fearing he would win and then default: report




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BOB BRIGHAM
02 FEB 2019 AT 13:11 ET

trump-glares-at-rally-gage-skidmore-800x430.jpg

Donald Trump (Photo: Gage Skidmore/Wikipedia)

President Donald Trump sought — and was denied — a loan worth tens of millions during the 2016 presidential campaign, The New York Times reported Saturday.

Trump is a purported billionaire, but has refused to release his tax returns, so the degree of his wealth remains in doubt.

During the campaign, the newspaper said he “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,” The Times explained. “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.'”

Due to his reputation for declaring bankruptcy and defaulting on debt, American banks had largely refrained from extending him credit.

Officials at Deutsche Bank worried Trump’s “divisive campaign” made the loan risky, according to three sources.

“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,” The Times explained.

House Intelligence Committee Chair Adam Schiff and Finance Committee Chair Maxine Waters have both said they will investigate Deutsch Bank’s loans to Trump.

Deutsch Bank has reportedly loaned the Trump Organization more than $2.5 billion over 17 years....


https://www.rawstory.com/2019/02/fo...oan-2016-campaign-fearing-win-default-report/

 
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Centerleftfl said:
So let's assume Deutsch him the loan. Then he defaulted! Could they sue him while he was PRESIDENT?
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I thought the Paula Jones case determined a president can be sued while in office. (although I don't give much credence to RawStory).

I don't understand the argument that a sitting president can't face criminal charges. The argument is that his job is too important to worry about preparing for trial. However, we know a sitting president can be impeached which also requires time to prepare his defense.
 
I will never believe Deutsche Bank lent Trump all this money unless they're in bed with Putin/Russian mob (same entity)

Trump burned them over and over, the money still flowed like water over Niagara
 
Flash said:
I thought the Paula Jones case determined a president can be sued while in office. (although I don't give much credence to RawStory).

I don't understand the argument that a sitting president can't face criminal charges. The argument is that his job is too important to worry about preparing for trial. However, we know a sitting president can be impeached which also requires time to prepare his defense.
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It's from the NYT. Now how many people here (particularly the wingshits) SUBSCRIBE to the NYT? So WE shouldn't put up articles from the NYT when it is DRIVING all TRUMP stories? Give me a BREAK. RS is as good a source as any to get the word out and it's FREE! NYT is his 'hometown' paper and everyone should be reading it!

Yes, the Paula Jones case said a pres could be sued--but that was a civil case. Now I'm wondering if Trump can avoid being sued in bankruptcy courts? Specifically could he default on a foreign loan with a foreign bank and have immunity? Way above my paygrade.

The BIG QUESTION is about his CRIMINAL LIABILITY and indictments by Mueller. That's the one that may have to go straight to the SUPREMES.


Here is the most salient, unedited, CHUNK from the NYTIMES. (Incidentally, the loan was for his TURNBERRY club in Scotland! While you are running for POTUS, you need MILLIONS for a Scottish property? Priorities?)

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.



Read it, how did RS get anything wrong? Looks like a direct quote to me.
 
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Centerleftfl said:
It's from the NYT. Now how many people here SUBSCRIBE to the NYT? So WE shouldn't put up articles from it? RS is as GOOD A SOURCE as any to get the word out about all things TRUMP. And remember it is his 'hometown' paper. And RS is FREE!

YES, the Paula Jones case said a pres could be sued--but that was a civil case. Now I'm wondering if he can avoid being sued in bankruptcy courts? Specifically could he DEFAULT on a foreign loan with a foreign bank and have immunity? Way above my paygrade.

The BIG QUESTION is about his CRIMINAL LIABILITY and indictments by Mueller. That's the one that may have to go straight to the SUPREMES.


Here is the most salient CHUNK from the NYTIMES. Incidentally, the loan was his TURNBERRY club in Scotland!

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.


PS Read it, how did RS get anything wrong? Looks like a direct quote to me.
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Rawstory is not a good source. It has a long history of bias and writing half truths. (not all that dissimilar to Breibart).

You can find anti-Trump articles in the media every direction you turn. Not sure why you feel the need to turn to the bottom of the barrell in rawstory.
 
cawacko said:
Rawstory is not a good source. It has a long history of bias and writing half truths. (not all that dissimilar to Breibart).

You can find anti-Trump articles in the media every direction you turn. Not sure why you feel the need to turn to the bottom of the barrell in rawstory.
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the NYT is the source dullard

nice reading comprehension
 
Centerleftfl said:
Yes, the Paula Jones case said a pres could be sued--but that was a civil case. Now I'm wondering if Trump can avoid being sued in bankruptcy courts?
Click to expand...

Bankruptcy is also a civil issue.

Apparently, some people use bankruptcy to stop civil suits and avoid embarrassing discovery or deposition testimony.
 
cawacko said:
Rawstory is not a good source. It has a long history of bias and writing half truths. (not all that dissimilar to Breibart).

You can find anti-Trump articles in the media every direction you turn. Not sure why you feel the need to turn to the bottom of the barrell in rawstory.
Click to expand...

It has a BIAS. They are what they say, 'Reporting early or UNREPORTED or under reported stories by other sources, chosen from a progressive point of view'. I've fact checked them for 4 years now. I've found ONE blatant falsehood, lie or fuckup. They spin the titles!! I do NOT use their opinion section.

1--They're first day (hours/minutes) up with new stories. 2--They cull from everything, everywhere including foreign sources. You have to WAIT to see those stories elsewhere or often not at all. WAPO doesn't pick up all of NYT's articles and vice versa. Who else picks up RT or the Guardian routinely? 3--RS 'synopsized' articles are exactly the right sized CHUNK of copy for political boards. 3--It's free. 4--It's free.

I call it 'one stop PROGRESSIVE shopping' and it's FREE! Bottom of the barrel is in the eye of the beholder.
 
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Centerleftfl said:
I stumbled across this very possibility yesterday but NOT specifically with Deutsch Bank. I asked if a sitting president can declare BANKRUPTCY, personal or business? TRUMP ORG, remember, is BOTH. So let's assume Deutsch him the loan. Then he defaulted! Could they sue him while he was PRESIDENT? Does ANYONE here, think TRUMP didn't game that out?

(Thank GOD for TRUMP'S 'uneducated', they wouldn't have a fucking clue what this post was all about!)

Foreign bank denied Trump a massive loan during the 2016 campaign fearing he would win and then default: report




default.gif

BOB BRIGHAM
02 FEB 2019 AT 13:11 ET

trump-glares-at-rally-gage-skidmore-800x430.jpg

Donald Trump (Photo: Gage Skidmore/Wikipedia)

President Donald Trump sought — and was denied — a loan worth tens of millions during the 2016 presidential campaign, The New York Times reported Saturday.

Trump is a purported billionaire, but has refused to release his tax returns, so the degree of his wealth remains in doubt.

During the campaign, the newspaper said he “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,” The Times explained. “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.'”

Due to his reputation for declaring bankruptcy and defaulting on debt, American banks had largely refrained from extending him credit.

Officials at Deutsche Bank worried Trump’s “divisive campaign” made the loan risky, according to three sources.

“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,” The Times explained.

House Intelligence Committee Chair Adam Schiff and Finance Committee Chair Maxine Waters have both said they will investigate Deutsch Bank’s loans to Trump.

Deutsch Bank has reportedly loaned the Trump Organization more than $2.5 billion over 17 years....


https://www.rawstory.com/2019/02/fo...oan-2016-campaign-fearing-win-default-report/
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D. Bank never wanted to loan him money, but they are a money laundering arm of Putin. He pushed through several loans for trump.
 
cawacko said:
Rawstory is not a good source. It has a long history of bias and writing half truths. (not all that dissimilar to Breibart).

You can find anti-Trump articles in the media every direction you turn. Not sure why you feel the need to turn to the bottom of the barrell in rawstory.
Click to expand...

Been trying to tell that arsehole that but he insists on using it. Anyway it looks like Deutsche Bank may well be going just soon.

https://www.bloomberg.com/news/arti...ank-options-shrink-as-revenue-extends-decline
 
reagansghost said:
first line of the RS piece: President Donald Trump sought — and was denied — a loan worth tens of millions during the 2016 presidential campaign, The New York Times reported Saturday.

you're a fuckin gasbag
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Cawacko has more financial wisdom in his little finger than you have in your entire body, where are all these arseholes coming from?
 
How embarrassing.

Great business man, yeah, right.

The billionaire who can't put his hands on a few million bucks.

And doesn't even have the credit for it.

Talk about over-extended. Totally sloppy allocations.

What? He doesn't think he's gonna get rich enough with only 2-3 billion invested?

Face it. He's addicted to making money. Even being a billionaire isn't enough.

I don't get the point.

I just love life.
 
Flash said:
Bankruptcy is also a civil issue.

Apparently, some people use bankruptcy to stop civil suits and avoid embarrassing discovery or deposition testimony.
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Yep, I get that but could he use the PRESIDENCY as some sort of 'diplomatic' immunity against a foreign creditor or even a 'criminal' charge? I just don't know.
 
PoliTalker said:
How embarrassing.

Great business man, yeah, right.

The billionaire who can't put his hands on a few million bucks.

And doesn't even have the credit for it.

Talk about over-extended. Totally sloppy allocations.

What? He doesn't think he's gonna get rich enough with only 2-3 billion invested?

Face it. He's addicted to making money. Even being a billionaire isn't enough.

I don't get the point.

I just love life.
Click to expand...

I do not believe he is a BILLIONAIRE. Any #. Say you have $5bill in assets and $5bill in liabilities against them, does that make you a billionaire?

And no I don't believe TRUMP loves life. I think Trump has a few good moments here and there when he has skirted another lawsuit or made a purchase or a deal (or when he is sticking 'it' in someone) but I'm betting it is shortlived.
 
RawSewage or not:
House Intelligence Committee Chair Adam Schiff and Finance Committee Chair Maxine Waters have both said they will investigate Deutsch Bank’s loans to Trump.
Click to expand...
you can bet these asshats will be in the limelight doing their hit piece sliming..IMPEACH TRUMP!!
 
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