DEUTSCHE BANK IS TURNING OVER INFORMATION ON TRUMP
Source: Vanity Fair
Among the many mysteries surrounding Donald Trumps finances as a real-estate moguland the conflicts of interest that might be revealed by his tax returns, were he ever to release themis his long history of debt. The issue is not merely what Trump owes, but who he owes. As critics noted on the campaign trail, Trumps habit of reneging on contracts and suing his lenders meant that virtually nobody on Wall Street wanted to work with him, with one exception: Deutsche Bank, which had loaned him hundreds of millions of dollars when no one else would, even after he sued the firm. Now, investigators probing the ties between the Trump campaign and Russia are wondering whyand theyre beginning to take a closer look at the presidents accounts with his favorite bank, which also happens to have strong ties to Russia itself.
Read more: http://www.vanityfair.com/news/2017/07/donald-trump-deutsche-bank-russia
DuckBurp
(302 posts)Watch this space.
FakeNoose
(32,356 posts)(as usual)
LastLiberal in PalmSprings
(12,539 posts)"Don't listen to what they say -- watch what they do."
Dopers_Greed
(2,640 posts)Bernardo de La Paz
(48,789 posts)spotthebird
(171 posts)Sorry, but hope is toxic in the end.
LittleGirl
(8,261 posts)MontanaMama
(23,242 posts)Catmusicfan
(816 posts)Pachamama
(16,875 posts)NewJeffCT
(56,827 posts)tries to get Rosenstein or somebody else to fire Mueller?
louis c
(8,652 posts)Start with Trump and his family.
IthinkThereforeIAM
(3,072 posts)...eom
Wellstone ruled
(34,661 posts)FakeNoose
(32,356 posts)We'll see who lent him money or co-signed his loans. Maybe we'll get to see what property he owns.
We already know that he's defaulted several times, and declared bankruptcy 5 or 6 times.
So the bank probably will have income/asset declarations from him, but not necessarily IRS forms.
We'll see.
Botany
(70,291 posts)Bernardo de La Paz
(48,789 posts)Botany
(70,291 posts)And just this AM in the NY Times Trump said:
Asked if Mr. Muellers investigation would cross a red line if it expanded to look at his familys finances beyond any relationship to Russia, Mr. Trump said, I would say yes. He would not say what he would do about it. I think thats a violation. Look, this is about Russia.
https://www.democraticunderground.com/10029348703
Alice11111
(5,730 posts)an investigator w dignity would.
Last night on CNN, there were a lot of jokes about this, even from the Repubs who wete aghast. Paul Bagala said, that would be like Bill Clinton, at the beginning of Whitewater RE investigation, saying whatever you do, don't look into my extramarital affairs.
Eliot Rosewater
(31,097 posts)Most people dont know but need to know Trump has been a criminal, felon, for decades.
Botany
(70,291 posts)He targeted the widows of the dead soldiers from bush & Cheney's war in Iraq
by telling them that real estate was a great stay @ home business so they
could watch their kids and make big money too.
Trump has been a cheat and con man his whole life.
Eliot Rosewater
(31,097 posts)they value their hate more than their wallet.
Alice11111
(5,730 posts)shady mobster defender lawyers and aggressive collections attorneys. Not the creme of the crop lawyers.
While the Trumps didn't pay their bills, the Kushners had collections lawyers going after poor people and Section 8 housing people who lived in the Kushner slums, aggressively, when often the people didnt even owe them money. They would roll some ding, often fabricated, over for years, adding fees, interest, and attorney fees.
Eliot Rosewater
(31,097 posts)because they cheat non white people.
Alice11111
(5,730 posts)Is that info somehow disseminated to Deplorables?
I usually assume that, other than the princes at the top, most desperately follow the leader, to their own demise
Gothmog
(144,005 posts)cp
(6,543 posts)bleedinglib
(212 posts)I WONDER IF trump WILL FOLLOW THROUGH & FIRE MUELLER ??
THIS ALSO EXPLAINS WHY THE republicans HAVE BEEN SO QUIET ABOUT trumps BUSINESS DEALINGS ?? HOW MANY OF THEM ARE INVOLVED ??
Bernardo de La Paz
(48,789 posts)Please don't SHOUT. You are "preaching to the choir" here (you are among friends). We get that you are putting tRump's name and the Republicons in lower case.
IronLionZion
(45,261 posts)FrodosNewPet
(495 posts)And salt raises your blood pressure. We won't discuss the hull between the teeth issue.
But it is OH so delicious when watching a tragicomedy of errors unfold.
GulfCoast66
(11,949 posts)mobeau69
(11,079 posts)Popcorn is loaded with them. Carbs are where the sugar is. Take it from a diabetic. I love popcorn but can't eat it!
meadowlander
(4,358 posts)And possibly even more appropriate to the present situation
IronLionZion
(45,261 posts)Something has to come of this at some point. The suspense is killing me. There are so many teasers.
druidity33
(6,435 posts)so is bacon fat. As long as you eat it in moderation, it is INFINITELY better than margarine, olestra or any other substitute for NATURAL fat. Not only that but it tastes better!
Grammy23
(5,808 posts)We will need a dump truck full of pop corn with lots of real butter.
Sunlei
(22,651 posts)LanternWaste
(37,748 posts)'Meanwhile, the Guardian reports that executives at Deutsche are expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller, and that the special counsels investigative team and the bank have already established informal contact in connection to the federal investigation.'
Sunlei
(22,651 posts)Judi Lynn
(160,219 posts)SergeStorms
(18,903 posts)Back, back, back, he's at the warning track........and he's outa' here!
This will push the Orange Idiot over twitter's edge tonight!
I fear Mueller WILL be fired, and Trump MIGHT have the stroke we've all been predicting. This will not end well, I just have that feeling. I think the investigation into Trump's collusion with Russia has just come to an end. I SINCERELY hope I'm wrong.
Dopers_Greed
(2,640 posts)Surely he has a back-up plan in case the Manchurian Manchild decides to sack him, especially after what happened with Comey.
mobeau69
(11,079 posts)Cheviteau
(383 posts)If Trump takes that fatal step you'll see the flood gates open from the intelligence communities. And they have it all. Mueller is playing by the rules by not using info from them. He's going the legal route as he should. The intel folk have ways of 'leaking' that can't be detected. Trump is as dead in the water as the Titanic. He just can't bring himself to cope with it. I hope this allays your fears. And will someone please notify Grammarly that 'folk' is plural.
Eliot Rosewater
(31,097 posts)a DOJ that is not run by a sycophant racist asshole.
Unless the NT AG can get him on Rico, he walks. For him to go down for his crimes there has to be a patriot in the GOP.
Pluvious
(4,278 posts)Still In Wisconsin
(4,450 posts)THIS might accelerate the timetable!
central scrutinizer
(11,617 posts)Deutsch Bank is a major player there. Clearly a shady operation.
http://www.dw.com/en/german-banks-enmeshed-in-panama-papers-leak/a-19163105
C_U_L8R
(44,897 posts)(not checkers, you trumpwit)
Beacool
(30,244 posts)He was the real crook this past election.
FarPoint
(12,209 posts)Probably they are the " back up set".....
GulfCoast66
(11,949 posts)Is my suspicion. Why would Deutsche Bank lend money to Trump unsecured.
The Russians have him by the short hairs.
defacto7
(13,485 posts)Thomas Hurt
(13,903 posts)Eliot Rosewater
(31,097 posts)take matters into our own hands or accept that the country is gone, done, over.
BAD choices
defacto7
(13,485 posts)Not a pretty picture.
madaboutharry
(40,153 posts)Trump Tower is a 58 story Laundromat.
That's what I think.
Achilleaze
(15,543 posts)yurbud
(39,405 posts)Not Ruth
(3,613 posts)Neither one ranks in the top 10 globally, still it will be worth watching to what degree Merkel defends Germany's largest bank. If Trumps pulls that last straw holding up DB, that could be rough on Germany.
http://fortune.com/2016/09/27/deutsche-bank/
NastyRiffraff
(12,448 posts)I bought the package of 6 microwave popcorn, movie theater butter.
R B Garr
(16,920 posts)Rachel is killing it -- big juicy new headlines!
SayItLoud
(1,696 posts)Even for money laundering (assuming a bank is in this biz) a bank requires some sort of "valuation of property" being borrowed against. Here's WHY tRUMP doesn't want his taxes revealed. He values and declares to the bank a tRUMP property, say golf course, at 1 billion US $. They loan against that value and may or may not use it as collateral. tRUMP values the same property at 100 Million $ US for tax purposes to reduce exposure. That's fraud=jail time and immediate call in of loans. Right or totally wrong?
Not Ruth
(3,613 posts)That is part of the reason that DB is in financial straits. They are not just asking half a point on a loan, they rolled the dice looking for the big win. It is essentially the junk bond strategy, if you roll the dice once, your odds of getting 7 are fairly low, roll it a million times and your odds of getting 7 are close to 100%. Or to put it in Trump terms, start a thousand businesses, if 10 go bankrupt, you are still ahead.
It is not a concept unique to financial companies. 80% of restaurants do not last 5 years, people, really stupid people, and their bankers and creditors, keep putting money into them. I am sure that tech startups are similar, no shortage of Shark Tanks throwing money at them.
http://www.businessinsider.com/why-restaurants-fail-so-often-2014-2
Not Ruth
(3,613 posts)They do not just act as bankers on the deal. As part of their "fee", they participate as investors, at EXTREMELY favorable terms, terms that you or I will never see. Of course they can lose money on a deal. But mitigate the risk by doing a thousand deals, and losing your pants on 10 is no longer a problem. Unless you were some junior exec and and that was your only deal. Then you are unemployed and broke.
Not Ruth
(3,613 posts)He finds a company that is "undervalued", meaning broke. And offers them a billion. For 2x the value. Or 10x. Then he waits for the company to find it's way. Or calls his friends to help them.
ProfessorGAC
(64,425 posts)Those two business models are light years apart. One is fraud, the other is getting a company's leverage under control and new (better?) management in place to make it as successful as it should be, but isn't at the time.
What's being described above is taking of fees and getting favorable pricing in exchange for loans that aren't fully supported by actual economic value. That's double dipping and it's shady financing.
Buffet isn't employing those tactics.
marylandblue
(12,344 posts)Two problems. First of all, the IRS taxes income not property or net worth. So the valuations of the property won't be in the tax return. However, income generated from the property will be in the return, and that can be used to appraise the property. Second, valuation is an opinion of a property's worth. IRS and the bank don't have to have the same opinion. But since the bank uses income to value the property, if he reported a different income from the property to the IRS than he did to the bank, then that would be either tax cheating or fraud.
geek tragedy
(68,868 posts)LiberalFighter
(50,504 posts)Amaryllis
(9,523 posts)Eliot Rosewater
(31,097 posts)under our banking regulations.
Regulations that will no longer exist if these criminals are allowed to stay in power.
Nor will SC justices or federal judges exist who obey and enforce the law, what we will soon have is judges like Jeff Sessions, everywhere.
But thank goodness we dodged the ...oops, i cant talk about that
Honeycombe8
(37,648 posts)The Trump loans were not part of that finding of money laundering, I think, but it seems to me that was still investigated.
BUT they were investigating for a specific money laundering thing, so maybe weren't looking at the Trump loans for the same thing that Mueller would be. So Mueller can get those investigation papers and get a head start, instead of starting from scratch.
Grins
(7,134 posts)(Adjusts his tin-foil hat) Deutsche Bank initially refused to cooperate, and probably for good reasons.
Then comes the orange-headed Destroyer-of-Worlds who shits all over NATO, the Pope, and - Angela Merkle. Angela has a heart-to-heart with her intelligence peeps and says: "Get that data!"
They do; perhaps with some incriminating info on Deutsche Bank executives, but they get it. I think Mueller already has that data.
(Adjusts his tin-foil hat again) I also think think the British, French, German, Israeli, Italian intelligence agencies HATE Trump, fear his stupidity, don't trust him with their intel, and want him gone. One of these days, something will come sailing over the transom at the NY Times, WaPo, London Times, etc., and that will remove the last pebble holding back the boulder.
See you in prison, asswad!
Eliot Rosewater
(31,097 posts)They did not win the election.
How many are in the line before you get to a Democrat? I dont care, I want them all gone, our election was stolen and I wish the country would demand action on that.
Even with the help of Russia and voter suppression, Donald Trump did NOT get more votes than Hillary Clinton in those 4 states.