Explosive report indicates that Donald Trump's loans from Deutsche Bank were backed by Russia - 2020-01-03

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F0.png Explosive report indicates that Donald Trump's loans from Deutsche Bank were backed by Russia January 3, 2020, Mark Sumner, Daily KOS

But onto that stack of dog-wagging rationales add this one: According to Forensic News, Trump's loans from Deutsche Bank were underwritten by a Russian state-owned bank. That news reportedly comes from a whistleblower with access to documents from both Deutsche Bank and Russia's state-owned VTB Bank. VTB Bank was also the proposed lender on the never-completed Trump Tower Moscow project.

The question of why Deutsche Bank would extend a series of huge loans to Trump has been dangling since before he ever announced his candidacy for president on a golden escalator ride. When Trump first went to Deutsche Bank, he was worse than broke. He had just finished bankrupting multiple casinos in New Jersey, and then had convinced investors to back a takeover of those casinos at a fraction of the original value. Then Trump deliberately allowed the investment group to go bankrupt so he could grab the whole deal himself at a fraction of what his investors had paid. Then he went bankrupt. Again. And along the way he was socked with a massive fine for money laundering at his now bankrupt (again) casino.

Trump was so fiscally radioactive that no American bank would let him in the door. But Deutsche Bank turned around and gifted Trump with loans that gave him a fresh start and an apparently miracle turnaround of his New York real estate empire. Those loans have always been the subject of head-scratching over just what Deutsche Bank could have been thinking. But if Forensic News is right, what Deutsche Bank was thinking was that it wasn't risking a damn thing, because the Russian government was actually vouching for Trump through VTB Bank. If Trump didn't come through, Vladimir Putin was offering to make it good.

Wikipedia cite:
{{cite news | first = Mark | last = Sumner | title = Explosive report indicates that Donald Trump's loans from Deutsche Bank were backed by Russia | url = https://www.dailykos.com/stories/2020/1/3/1909205/-Explosive-report-indicates-that-Donald-Trump-s-loans-from-Deutsche-Bank-were-back-by-Russia | work = Daily KOS | date = January 3, 2020 | accessdate = January 4, 2020 }}