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Remember that The New York Times reportedthat Trump’s federal tax returns attest that he has personally guaranteed $ 421 million. repayment of debts in the amount of dollars.
After this publication, even the most influential Democrats began to ask aloud who loaned Trump all that money.
“It would be really nice to know who the president of the United States, the commander in chief of the military, owes, because the American people have a right to know what influences the president’s decisions,” Senator Kamala said during the debate on last week with the Vice President of the United States, Mike Pence. Harris.
„Scanpix“ nuotr./Kamala Harris
However, the answer is not that difficult or outrageous at all, writes D. Enrich.
Why did you lend money to Trump?
If we turn to Trump’s latest financial report, which was submitted to the US government ethics office, he owes at least $ 135 million. dollars for small financial institutions like Ladder Capital.
And its biggest creditor, to whom D. Trump owes more than 300 million. German Deutsche Bank.
Scanpix / AP photo / Deutsche Bank headquarters in Frankfurt
Deutsche Bank, which has so far been haunted by money laundering scandals, loaned funds to several Trump business projects in 2012-2015. 125 million $ 170 million for its Doral Golf Resort in Florida. for his hotel in Washington, at least $ 45 million. dollars for his skyscraper in Chicago.
The question is logical: why, overall, has Deutsche Bank loaned hundreds of millions of dollars to Trump, who has repeatedly defaulted on creditors in the past, including the German bank itself?
A conspiracy theory states that Deutsche Bank agreed to lend to Trump because the money actually belonged to someone in Russia: the Kremlin, a state bank, or some oligarch.
Why, in general, has Deutsche Bank loaned hundreds of millions of dollars to Trump, who has repeatedly defaulted on creditors in the past, including the same German bank?
It is said that if D. Trump goes bankrupt it would not be Deutsche Bank, but the Russians who would calculate the losses.
Other speculation indicates that Deutsche Bank, which had already lent funds to Trump, sold the latter’s debts to Russia. The fragmentation and sale of investor loans is a common practice that Deutsche Bank applied to Trump’s previous loans some 20 years ago.
According to the latter theory, the president of the United States owes it not to Deutsche Bank, but to Russia. This would explain Trump’s alleged sympathy for Russian President Vladimir Putin, allegedly blackmailed by Moscow.
The logic, again, is. Russia intervened in the 2016 US presidential election in favor of Trump, and Deutsche Bank is the only major financial institution willing to work with Trump. Also, this bank has been associated with Russia for many decades and, as mentioned, it laundered rich money from Russia.
Photo by Scanpix / ITAR-TASS / Vladimir Putin and Donald Trump
However, according to D. Enrich, such theories are not correct. Notably, Deutsche Bank did not divide or sell Trump’s latest loan; the amounts are still on the bank’s records.
In the event of Trump’s bankruptcy, Deutsche Bank could take over his personal assets.
Furthermore, although the bank was actually willing to lend to Trump, although competitors were not yet taking risks, there is an explanation for this: The current US president convinced Deutsche Bank by agreeing to personally guarantee almost all debts.
As The New York Times previously reported, this means that in the event of Trump’s bankruptcy, Deutsche Bank could take over his personal assets. It also means that the bank risks almost nothing financially when it lends to Trump.
“Yes, Deutsche Bank continues to hold many of Trump’s financial secrets. The president’s lawyers have been fighting for more than a year congressional demands for Trump-related financial documents.
It is not impossible for new data to appear, but so far the situation is neither suspicious nor complicated ”, writes D. Enrich.
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