Deutsche Bank Weighed Restructuring Trump Loans on Default Risk

[demmiblue]

Source: Bloomberg

Top Deutsche Bank AG executives were so concerned after the 2016 U.S. election that the Trump Organization might default on about $340 million of loans while Donald Trump was in office that they discussed extending repayment dates until after the end of a potential second term in 2025, according to people with knowledge of the discussions.

Members of the bank’s management board, including then Chief Executive Officer John Cryan, were leery of the public relations disaster they would face if they went after the assets of a sitting president, said the people, who asked for anonymity because the discussions were private.

The bank ultimately decided against restructuring the loans to the Trump Organization, which come due in 2023 and 2024, and chose instead not to do any new business with Trump while he is president, one of the people said.

A spokesman for Deutsche Bank declined to comment, and the people with knowledge of the discussions said they didn’t know why the bank ultimately decided not to extend the loans. The White House didn’t respond to requests for comment.

Read more: https://www.bloomberg.com/news/articles/2019-02-20/deutsche-bank-weighed-restructuring-trump-loans-on-default-risk?srnd=premium

[oldsoftie]

1. So trump probably now hates Deutsche Bank

[watoos]

3. It was the only bank,

that would give Trump a loan. Think about that, a candidate for president of the United States can only get a loan from 1 bank in the world, a bank that has ties with laundering Russian mob money.

Not a single U.S. bank would loan Trump money, that fact alone should have disqualified Trump from running for president. On top of that he is given permission to not release his taxes.

Trump is not stupid, he is a dangerous con man, a mentally ill dangerous con man.

[SallyHemmings]

5. K & R

+1000

[oldsoftie]

6. Oh, i think he's also stupid on top of all that!!

he's a poor man's Bernie Madoff. As you said, con man. Not a great businessman, but a great marketer & hustler

[Calista241]

7. Eh, Deutsch Bank is a big time bank that specializes in loans to large companies

Like this. It doesn’t surprise me that they chose this specific bank, and confining their business to a single large bank is a reasonable business decision.

It appears DB acted appropriately in this case. Extending the terms wouldn’t have been illegal either, absent any threats or inappropriate promises from Trump. DB has other business interests, and press coverage of them squeezing the Trump Org could have impacted their other lines of business.

I haven’t heard of a default or impending default by the Trump Org in this instance, so who knows if this will become a larger, more pressing issue.

[zaj]

11. The opening post talks about DBs fear of default

They are the only ones you could hear it from.
You just heard it from them.
And you say that you haven't heard it?

[Calista241]

15. DB taking steps to minimize risk, both to the loans owed them by the Trump Org

and to their other lines of business from any potential bad publicity, does not mean a default is especially likely or imminent. If the Trump Org was in fear of default on their loans, that's something we'd hear about at some point.

[zaj]

16. What in the world are you talking about?

Sincerely. Wha?

"Top Deutsche Bank AG executives were so concerned after the 2016 U.S. election that the Trump Organization might default on about $340 million of loans while Donald Trump was in office that they discussed extending repayment dates until after the end of a potential second term in 2025, according to people with knowledge of the discussions."

^^^^^ the opening paragraph of the Bloomberg.com article

[watoos]

2. IOKIYAR,

Jimmy Carter had to sell off his beloved peanut farm to avoid any conflicts of interest but Trump gets to make money and make business deals off of the presidency.

Here is another example of why Trump is unfit to perform the duties of president of the United States. A Democratic president would have been impeached a year ago.

[sinkingfeeling]

4. +100

[Lonestarblue]

8. And he's making deals for well in the future.

What is Saudi Arabia giving him in return for providing US nuclear technology to them? Most of his deals, like getting the Chinese government to invest $500 million in the Trump Organization development in Indonesia and Ivanka’s numerous free Chinese patents, have not hurt the US, but transferring nuclear technology is extremely dangerous. Saudi Arabia has been the chief exporter of extremist Islam. ISIS follows the same form of radical Islam as Saudi Arabia. Most of the 9/11 terrorists were from Saudi Arabia.

Thank the heavens Democrats were elected and can investigate, and hopefully stop this nonsense. But the fact that Michael Flynn, Trump, and others in his administration even thought this would be okay is just horrifying. Imagine Islamic extremists having access to nuclear weapons, which they could develop after getting the technology for energy generation. If energy capability is really what they want, renewables are a better option.

Perhaps this is the reason the judge at Flynn’s sentencing hearing gave him a blistering rebuke and said he could have been charged with treason. Everyone involved should be charged with treason over this one issue.

[maxrandb]

9. Corporate Socialism Strikes Again

Do you think I could get my Mortgage Company to agree to not come after me for about 10 years?

Hey MAGAts, try doing that with the payment on your Trailer in Dumbfuckistan, 'Murika!

Oh, that's right. You believe that if you keep lapping Retrumplicans Scrotums, and work at your miserable $20 an hour job, you'll eventually get rich enough to get millions in tax-refunds and have banks defer action on default of your $350M dollar loan.

God, what a bunch of stupid fucking morons.

[PJMcK]

10. Deutsche Bank was "concerned"

Poor delicate snowflakes.

Why did they loan Trump the money in the first place? Was he a better credit risk before he became president? How's that work?

DB is profoundly corrupt. I'm not the least bit worried about their Trump loans. If he defaults, they deserve the loss. Every U.S. bank understood that Trump was a fraud. Why did DB make a different assessment?

The deeper question is, what were the underlying reasons DB made the loans to Trump? I suspect that the answer will show even more corruption.

[zaj]

13. Probably because they didn't expect him to become President

And attract the media spotlight to the Russuan money laundering that they would need to cover his loans?

[Pepsidog]

12. Hold on, why all the worry cause Trump has a co-signer his buddy Vlad.

[Turbineguy]

14. They should think in terms of a write-off.

[BostonBlue]

17. I work for a financial institution that made the mistake of lending to Dump

we repossessed the yacht because Dump is and always has been a deadbeat POS. True story.

[Blue Owl]

18. Trump to start own Douche Bank

n/t