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struggle4progress

(118,274 posts)
Thu Feb 16, 2017, 12:42 PM Feb 2017

Trump became Deutsche Bank's biggest headache

Luke Harding and Nick Hopkins
Thursday 16 February 2017 07.31 EST

... The angry memos were written by lawyers acting on behalf of Deutsche Bank, Germany’s biggest lender, which was suing the billionaire.

It was November 2008. Three-and-a-half years earlier the bank had loaned Trump the cash to build one of his grandest projects yet: a hotel and mega-tower in Chicago.

Trump had given his personal guarantee he would repay the $640m. As per agreement, he was now due to hand over a large chunk, $40m.

There was only one problem: the future 45th president of the United States was refusing to pay up ...


https://www.theguardian.com/business/2017/feb/16/how-donald-trump-became-deutsche-bank-biggest-headache

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Trump became Deutsche Bank's biggest headache (Original Post) struggle4progress Feb 2017 OP
Maybe that's why he is too cowardly to go to the summit in Europe this weekend Tanuki Feb 2017 #1

Tanuki

(14,918 posts)
1. Maybe that's why he is too cowardly to go to the summit in Europe this weekend
Thu Feb 16, 2017, 12:50 PM
Feb 2017

and is sending Pence in his place. He is probably afraid of meeting with Angela Merkel....what if she should ask him to pay up? Chicken-in-Chief.

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