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If it were you or I, we’d probably not take the Loan … thinking our futures would be better for it.
If it were DJ Trump, he’d take the Loan and then another, and then another — thinking (worse case) he could always declare Bankruptcy AGAIN. Or better yet, he could run for office where he’d have all the levers to pull, to Make as many Deals of the Century, as he’d ever need
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by Ely Razin, National Real Estate Investor -- Apr 18, 2017
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Other difficult situations Deutsche Bank faced in 2016 included being singled out by the International Monetary Fund as the most important net contributor to systemic risk and U.S. arm Deutsche Bank Trust Corp.’s failing the Federal Reserve stress test over capital planning weaknesses. Deutsche is also highly exposed to any Brexit fallout and, as a major CMBS lender, is vulnerable to the recent drop in CMBS lending.
Still, it could stand to gain from its relationship with the Trump family. Some members of Congress have warned that President Donald Trump might give Deutsche Bank special favors, saying Deutsche “has been the only major Wall Street bank to continue to lend to Donald Trump and his entities in the wake of six Trump-business bankruptcies.” Indeed, Deutsche Bank has led or participated in loans totaling at least $2.5 billion since 1998 to companies with which he is affiliated, according to a Wall Street Journal analysis in March 2016.
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Some people are adept at leveraging other people’s talents, into opportunities that benefit all involved. And other people simply know how to leverage the system, to always get MORE MONEY, when all else goes wrong. Deutsche Bank was The Donald’s go-to lender of “last resort” — if only those Loans could talk now
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by The Real Deal, New York Real Estate -- Mar 17, 2017
Deutsche Bank still hasn’t reached a deal to remove Donald Trump’s personal guarantees from around $300 million in real estate loans, more than three months after talks between the German lender and Trump’s associates were first reported.
With the guarantees still in place, the U.S. faces the unusual prospect of a foreign financial association going after a sitting U.S. president’s assets if he were to default.
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In 2012, Trump took out $125 million in loans from Deutsche Bank’s private banking group to finance his Trump National Doral Miami golf resort. According to filings with the federal election commission, the loan carries an interest rate of 1.75 percentage points over Libor.
In 2015, he borrowed another $170 million to fund the conversion of an old post office in Washington, D.C., into a hotel near the White House. Deutsche Bank also issued a loan against the Trump International tower in Chicago.
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If you or I were a US Senator not in need of a Loan, BUT instead in need of getting to the truth behind the Billionaire President’s undisclosed financial dealings, we’d probably do something like what Senator Van Hollen has just done
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by Stephanie Kirchgaessner and Luke Harding, The Guardian -- 12 April 2017
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Chris Van Hollen has written to Deutsche Bank asking for assurances that it will not use the president’s outstanding multimillion-dollar loans as “leverage”. The Democratic senator is also demanding to know whether the bank has restructured Trump’s debt or sold it to “foreign entities”.
Trump currently has two loans and two mortgages with Deutsche Bank and owes it about $340m (£270m). The bank has also extended another $950m to a venture in which Trump owns a 30% stake, the Wall Street Journal reported in January.
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In recent months Deutsche Bank’s alleged links with Russia have come under intense scrutiny. The FBI, meanwhile, has announced that it is investigating possible collusion in the run-up to the US election between officials from the Trump campaign and the Kremlin.
In January the New York Department of Financial Services (DFS) fined the bank $425m for failing to prevent $10bn of Russian money laundering. The “mirror trades” scheme was run out of its Moscow office. The UK’s Financial Conduct Authority imposed a £163m fine – its biggest ever – for the same offence.
The previous month Deutsche paid $7.2bn to settle a decade-old toxic bond mis-selling scandal with the US Department of Justice.
For a good explanation of what the “Mirror Trades” scheme was about (ie. the Russian Money Laundering scheme, with Deutsche Bank serving as revolving-chair cashier), I would recommend this well-written article from the NewYorker:
Deutsche Bank, Mirror Trades, and More Russian Threads
by Ed Caesar -- March 29, 2017
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Regarding those “Deutsche Bank’s alleged links with Russia” — here’s a few more “oversight facts” on that. Funny how this “fast money” so often ends up in “accounts overseas”
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Press Releases, Financial Conduct Authority (U.K.) -- 31/01/2017
The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015. This is the largest financial penalty for AML controls failings ever imposed by the FCA, or its predecessor the Financial Services Authority (FSA).
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The failings allowed the front office of Deutsche Bank’s Russia-based subsidiary (DB Moscow) to execute more than 2,400 pairs of trades that mirrored each other (mirror trades) between April 2012 and October 2014.
The mirror trades were used by customers of Deutsche Bank and DB Moscow to transfer more than $6 billion from Russia, through Deutsche Bank in the UK, to overseas bank accounts, including in Cyprus, Estonia, and Latvia. [...]
A further $3.8 billion in suspicious “one-sided trades” also occurred. The FCA believes that some, if not all, of an additional 3,400 trades formed one side of mirror trades and were often conducted by the same customers involved in the mirror trading.
It’s not like fast-money Trump was unfamiliar with the concept of “Huge sums of Russian Money being instantly wired” overseas {as Maddow explains, in the episode of the unseen ”Russian Fertilizer King”} — the question should be: What ‘strings’ are attached along with those fast-money Loans of last resort?
Nevermind that’s just the way the ‘Wheel of Fortune’ Billionaire game is played — you spin the wheel, you take your chances! Where even when you Lose, you Win … because ...
Because in the end, it was all really just OPM anyways ...
you know just Other Peoples Money.