Wednesday, January 8, 2020

Trump's Loans from Deutsche Bank were Backed by Russia


I have been writing about this narrative since Trump became President.

Trump’s Loans from Deutsche Bank were underwritten by a Russian State-owned Bank, VTB Bank. VTB Bank was also the Proposed Lender on the Never Built 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

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, Casinos.

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.

Deutsche Bank was thinking that it wasn’t Risking a damn thing, because the Russian Government was actually Vouching for Trump through VTB Bank. If Trump Defaulted on Any Current or Future Loans, Vladimir Putin was Offering to make them Good.

The Documents explaining this Arrangement, supposedly originated with the Son of a Former Deutsche Bank Official who recently Committed Suicide.

This only Highlights the Importance of Efforts by Congress to gain Access to Information on these Loans. The Last Appeals Court Ruling in the Case instructed Deutsche Bank to turn over the Information, but the Supreme Court stepped in, Blocked the Subpoena, and will hear the Case.

Much of Trump’s “Recovery” depended on Selling Apartments and Buildings to Russian Oligarchs at far above Market Prices. These Deals have always suggested the same kind of Money Laundering that Added to the Conviction of Trump Campaign Chair Paul Manafort, but if these Accusations are Accurate, Russia did far more for Trump than Buy his Gilded Condos.

If True, this would show that Trump was 100% Dependent on the Russian Government for his “Big Comeback.” It would mean that he was Completely Beholden to Putin for his Real Estate, for his Golf Courses, and for his Presidency.

Now with the 2020 Re-Election Campaign, there is an Investigation to determine if the Campaign has taken Donations of Foreign Money through Pass-Thru Accounts and PAC's.










NYC Wins When Everyone Can Vote! Michael H. Drucker


No comments: