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VietPress USA (August 27, 2019): On Apr 25, 2019, CNN reported that Deutsche Bank has started providing financial records to New York state's attorney general in response to a subpoena for documents related to loans made to President Donald Trump and his business, ...
News from CNN Business (https://www.cnn.com/2019/05/23/business/deutsche-bank-meeting/index.html) also wrote that "Deutsche Bank is also at the center of political conversations in the United States related to its business with President Donald Trump. House lawmakers are working to access the president's financial records with the bank.
The New York Times reported this week that Deutsche Bank anti-money laundering specialists once recommended that transactions involving entities controlled by Trump and his son-in-law, Jared Kushner, be reported to a US agency that investigates financial crimes. The Times said executives at Deutsche Bank rejected the advice of their specialists."
Today a source closed to Deutsche Bank sai thDonald Trump received loans co-signed by Russian Billionaires..",
The source says that Deutsche Bank is in possession of loan documents that show Donald Trump has obtained loans with co-signers, and that he would not have been able to obtain loans without cosigners. The source says that the cosigners...are Russian billionaires close to Vladimir Putin.
Read this news from Reddit.com at the following link: https://www.reddit.com/r/worldnews/comments/cwezbx/donald_trump_received_loans_cosigned_by_russian/
VietPress USA News
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Donald Trump Received Loans Co-Signed By Russian Billionaires, Says Source Close To Deutsche Bank
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The source says that Deutsche Bank is in possession of loan documents that show Donald Trump has obtained loans with co-signers, and that he would not have been able to obtain loans without cosigners. The source says that the cosigners...are Russian billionaires cclosd to cse to Vladimir Putin.
First, a word of caution:
- This is a single source inside Deutsche Bank.
- That source has not been vetted by anyone other than O'Donnell's team at MSNBC.
- If loans co-signed by oligarchs actually exist, the FBI has known about them for a while. It's difficult to understand how it would be appropriate to conclude the Mueller investigation without some explication of these relationships.
- It's too perfect. Billionaire oligarchs personally co-signing loans? Really?
This is not the same as a report from WaPo corroborated by NYT and half a dozen other outlets. Skepticism is warranted. The very sharp Marcy Wheeler, for example, is skeptical. Ok, now that's out of the way:
This would explain everything. Most notably...
- Why Deutsche Bank, Trump's Last Lender, Kept Lending through Repeated Defaults - Since the late 2000s, DB was the last western bank willing to bankroll him, which was especially strange in light of his history specifically with stiffing Deutsche Bank and suing them in court. No one knows why they were willing to repeatedly accept the considerable risk Trump entailed, but given Deutsche's prolific history of Russian money laundering, the big question was whether those loans were being backstopped through other sources.
- Trump's Bizarre Golf-Heavy Spending Spree - From 2006-2015, Trump Org went on a mysterious all-cash spending spree. The biggest purchases were in 2010-2014, precisely aligning with Deutsche's heaviest period of Russian money laundering, and precisely the time that Eric Trump contemporaneously explained to golf writer that all of their financing was coming from Russia.
I said, ‘Eric, who’s funding? I know no banks—because of the recession, the Great Recession—have touched a golf course. You know, no one’s funding any kind of golf construction. It’s dead in the water the last four or five years.’ And this is what he said. He said, ‘Well, we don’t rely on American banks. We have all the funding we need out of Russia.’ I said, ‘Really?’ And he said, ‘Oh, yeah. We’ve got some guys that really, really love golf, and they’re really invested in our programs. We just go there all the time.’
- Deutsche Bank's Freakout When Trump wins Election - Right before the election, Trump was predictably having a hard time with the scottish golf courses (which were objectively awful investments that continue to lose money) and needed a bailout. This is when Deutsche Bank appears to have finally realized the gravity of the situation, and denied his loan request, even though it was to just be an extension of loans for his (at the time, profitable) Doral property. Then when he actually won and Russia's election assistance was revealed, they raced to unload a considerable $600 million loan to VTB (the originally planned financier for Trump Tower Moscow). The loan had no documented purpose in DB's records.
- Trump's Subordination to Putin: "Sistema" - There is some explanation for why Trump's sycophancy towards Vladimir Putin, most egregiously in Helsinki last year. There is some explanation for why he insists on periodic, private meetings where he destroys all records of what was discussed afterwards. Nervousness over conspiracy in the election was always a plausible explanation, but never the most likely. More plausible is simply that Trump unwittingly bumbled himself into becoming part of the Russian "Sistema", the structure by which Russian oligarchs are forced to stay in line (and subservient to Putin) because they all understand thay they have mutually benefited from criminal activity, and can be destroyed by it's exposure. As described by the New Yorker's Adam Davidson in A Theory of Trump Kompromat:
Each actor in sistema faces near-constant uncertainty about his status, aware that others could well destroy him. Each actor also knows how to use kompromat to destroy rivals but fears that using such material might provoke an explosive response. While each person in sistema feels near-constant uncertainty, the over-all sistema is remarkably robust. Kompromat is most powerful when it isn’t used, and when its targets aren’t quite clear about how much destructive information there is out there. If everyone sees potential land mines everywhere, it dramatically increases the price for anybody stepping out of line.
If Trump aided in Russian money-laundering or bribery, he would be guilty of Foreign Corrupt Practices Act (FCPA) violations. These are notoriously difficult to prosecute without a paper trail. However, if such a trail exists, it is almost certainly accessible to Vladimir Putin.
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If loans co-signed by oligarchs actually exist, the FBI has known about them for a while.
fbi apparently can't do shit.
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An upvote isn't enough for this effort. What's your favorite charity?
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The King of Debt couldn't get loans without a cosigner? It's great that he's blowing up our debt now.
I remember when Republicans gave a shit about debt. It was three whole years ago. Now who gives a fuck. Trickle down and what not. The rich can't afford to be taxed.
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Someone at deutsche bank is going to be cast in concrete in some random tower, maybe the next trump tower who knows?
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how it would be appropriate to conclude the Mueller investigation without some explication of these relationships.
I agree with you completely and remain highly suspicious. My one caveat however is that it's plausible that since these happened before the election, and given the intense political attention on the investigation possibly impeding it's work, Mueller and co. dropped this on another unit (SDNY etc.) and wrapped up the "Election interference" investigation in an intentionally ambiguous way. Not likely, but a logical chain of events.
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As somebody who hates Trump vehemently (check my posting history), I agree that we should all be skeptical at this point since this is based off of one source.
Intuitively, we know that Trump is beholden to Putin and is acting as Putin’s puppet for some unforeseen reason. We all saw this point blank at the Helsinki summit. This could be the reason and it would explain why Trump is constantly licking Putin’s balls time and time again. However, I would like to see more sources. NYT or Washington Post confirming this story would provide additional credibility. Or perhaps the Democrats coming out with solid proof. Until then, let’s all wait patiently because I’m sure the proof, if this story is true, will come out sooner or later.
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