Drudge Retort: The Other Side of the News
Tuesday, March 19, 2019

The two-decade-long relationship between Deutsche Bank and Donald Trump has been rocky and clearly beneficial only to Trump, the New York Times detailed Monday night. One branch of the giant German bank after another stopped doing business with Trump, after loan defaults, creative litigation, and other red flags and hiccups. ... Trump told Deutsche Bank his net worth was about $3 billion, but when bank employees reviewed his finances, they concluded he was worth about $788 million, according to documents produced during a lawsuit Trump brought against the former New York Times journalist Timothy O'Brien. And a senior investment-banking executive said in an interview that he and others cautioned that Trump should be avoided because he had worked with people in the construction industry connected to organized crime. -- The Week

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There is speculation that Deutsche Bank, who'd already been stiffed for hundreds of millions by Trump, continued lending him money because of pressure from Russian oligarchs Trump owned vast sums to. The same oligarchs who used DB (and most likely Trump real estate) to launder money.

#1 | Posted by AMERICANUNITY at 2019-03-19 12:02 PM | Reply | Newsworthy 1

It's okay. They don't have an issue with Trump committing fraud. Republicans love being lied to.

#2 | Posted by Sycophant at 2019-03-19 12:50 PM | Reply


... Trump told Deutsche Bank his net worth was about $3 billion, but when bank employees reviewed his finances, they concluded he was worth about $788 million, according to documents produced during a lawsuit Trump brought against the former New York Times journalist Timothy O'Brien. ...

During the 2016 campaign, how much did candidate Trump say he was worth?

#3 | Posted by LampLighter at 2019-03-19 12:57 PM | Reply

DB is one of the worst-run money-center banks in the world. Ten year return on their stock: -12%. It would surprise no one if/when it comes out that DB was serving as a conduit for Russian capital, as part of a money-laundering scheme where Russian thieves and crooks used a bank desperate for capital and a patsy desperate to keep his carefully-combed head above water, to sell real estate.

There pay be a pee tape, but I suspect Trump is beholden to Team Vlad because the Russians will not only spill the beans about Trump's crimes, they may take out his wife, children and him...

#4 | Posted by catdog at 2019-03-19 01:21 PM | Reply

Trump can´t release his tax records because he´s been overstating (lying) his net worth for decades.

#5 | Posted by CrisisStills at 2019-03-19 01:24 PM | Reply

May 17 2016

Donald Trump claimed a net worth of more than $10 billion in a Personal Financial Disclosure (PFD) form filed with the federal government on Tuesday, his campaign said in a statement.

"I filed my PFD, which I am proud to say is the largest in the history of the FEC," Trump said.

The Hill

#6 | Posted by Derek_Wildstar at 2019-03-19 01:30 PM | Reply

"STOLEN VALOR"...fiscally speaking

#7 | Posted by 1947steamer at 2019-03-19 02:08 PM | Reply | Funny: 2

How is this not bank fraud?

#8 | Posted by jpw at 2019-03-19 02:23 PM | Reply

#8_ jpw.....How is this not bank fraud

trump will claim his net worth was based on his assessment of the "trump brand" worth. I'd think what will sink him would be his assessment of the value of real estate that he owned. one in particular was valued for taxes at 12 million and for the loan...290 million

#9 | Posted by ABlock at 2019-03-19 02:31 PM | Reply | Newsworthy 1

DB is where the entire investigation will be completed.

#10 | Posted by autonomous at 2019-03-19 02:31 PM | Reply

Manafort just went to prison, for loan fraud (inflating his assets), among other things.

#11 | Posted by bayviking at 2019-03-19 02:35 PM | Reply

#10 _ autonomous

if they get a DB employee to intimate, or offer evidence, that trump had a preferred credit status with the bank because he had a russian goomba...

#12 | Posted by ABlock at 2019-03-19 02:36 PM | Reply

I always knew Humpy had an inflated ASS-et.

239 weighs pounds MY Ass-et!!

(yes.. I admit it...I am a Proud Boy Girther)

#13 | Posted by donnerboy at 2019-03-19 02:46 PM | Reply | Funny: 2

Greedy banks such as Deutsche Bank got what they deserved in Trump. Birds of a feathers, and all that good stuff. All Mafioso thieves working under the mask of legitimacy.

#14 | Posted by moder8 at 2019-03-19 03:01 PM | Reply

How is this not bank fraud?

It is. But you usually need an aggrieved party to pursue charges for them to be levied, and even then it's up to the prosecutor to decide whether to bring them.

In other words, Trump's a rich white guy and they tend not to go to jail for much of anything.

#15 | Posted by JOE at 2019-03-19 03:01 PM | Reply | Newsworthy 1

Manafort just went to prison, for loan fraud (inflating his assets), among other things.

#11 | Posted by bayviking

Yep. For exactly the same fraud Trump perpetuated on Deutsche Bank and others.

#16 | Posted by AMERICANUNITY at 2019-03-19 03:08 PM | Reply

"It's seven inches long I swear!"

#17 | Posted by SunTzuMeow at 2019-03-19 03:29 PM | Reply

Trump can´t release his tax records because he´s been overstating (lying) his net worth for decades.

#5 | POSTED BY CRISISSTILLS AT 2019-03-19 01:24 PM | FLAG:

Interesting, do your tax records list your net worth? When you do your taxes do you list how much equity you have in your house? I mean that would be part of your net worth wouldn't it? I mean Maddow released a couple of his tax returns and it was embarrassing for the left, it showed he paid a higher percentage in taxes than Hillary, Obama and Bernie. Do you want to get emabarrased again?

#18 | Posted by fishpaw at 2019-03-19 03:42 PM | Reply

"It's seven inches long I swear!"

#17 | Posted by SunTzuMeow

Stormy Daniels says his mushroom isn't anywhere near that long.

#19 | Posted by AMERICANUNITY at 2019-03-19 03:43 PM | Reply

Manafort just went to prison, for loan fraud (inflating his assets), among other things.

#11 | Posted by bayviking
Yep. For exactly the same fraud Trump perpetuated on Deutsche Bank and others.

#16 | POSTED BY AMERICANUNITY AT 2019-03-19 03:08 PM | FLAG:

No, he bought a condo saying his daughter was going to live there and rented it out as an air B&B which in the eyes of a bank is riskier than having your daughter live there.
Just to help you out here when a bank lends on real estate they just want to make sure they get paid back and if they don't they make sure if they get the real estate back they can sell it and get their money back. They look at credit and an appraisal of the property.

#20 | Posted by fishpaw at 2019-03-19 03:57 PM | Reply

#20 | Posted by fishpaw

What the frack are you talking about?

Isn't it cute how eagerly Trumpets jump to defend the obvious criminal activity of their Fearless Fascist?

Is this the Fraud you are trying to Explain away or is this a different case of Fraud? (there are a lot of them)

Donald Trump's mansion in Bedford, New York, which he purchased in 1995. He paid $7.5 million for it, and the purchase proved to be a good investment: by 2013, the home was assessed at $18.9 million. Four years later, its value was pegged at $19.6 million. As part of his presidential financial disclosure forms, Trump recently valued the home inside the range of $25 million and $50 million. (don't forget to Esplain away how Trump briefly valued the property at $291 million in 2012.) In 1995, he bought the home for $7.5 million, and in 2013, it assessed at $18.9 million, but in between, Trump said it was worth $291 million. He soon after changed his mind and put its value at a less ridiculous figure.

so you are saying it was worth $200 million more when IVANKA was Architecting there?

#21 | Posted by donnerboy at 2019-03-19 04:18 PM | Reply

Manafort just went to prison, for loan fraud (inflating his assets), among other things.
#11 | Posted by bayviking
Yep. For exactly the same fraud Trump perpetuated on Deutsche Bank and others.
#16 | POSTED BY AMERICANUNITY AT 2019-03-19 03:08 PM | FLAG:
No, he bought a condo saying his daughter was going to live there and rented it out as an air B&B which in the eyes of a bank is riskier than having your daughter live there.
Just to help you out here when a bank lends on real estate they just want to make sure they get paid back and if they don't they make sure if they get the real estate back they can sell it and get their money back. They look at credit and an appraisal of the property.
#20 | Posted by fishpaw

ACTUALLY

www.vox.com

In search of another loan, Manafort submitted a doctored profit and loss form to the Banc of California that overstated his consulting firm's income by more than $4 million. He was convicted of another count of bank fraud.

lying by omission is what they call what you did fishstew
soo fishstew is once again proven, factually, to be a lying liar

#22 | Posted by truthhurts at 2019-03-19 04:31 PM | Reply | Newsworthy 1

Sorry guys but it is the responsibility of the lender to do due diligence. If they made the loan after the contract was made they would have to prove fraud to make a complaint. They never made a complaint because they got paid. If Trump had defaulted, he would be looking at jail time.

#23 | Posted by docnjo at 2019-03-19 05:20 PM | Reply

Sorry guys but it is the responsibility of the lender to do due diligence.

#23 | POSTED BY DOCNJO

If Trump lied about the value of his property to the bank (saying it was worth $200 million knowing it was only worth $20 million) it is bank fraud. You are not allowed to lie to a bank and say it is their fault for believing your lie because they didn't do their "due diligence". It is actually against the law.

When did Republicans lose all semblance of morals and responsibility?

#24 | Posted by gtbritishskull at 2019-03-19 05:41 PM | Reply | Newsworthy 1

#23 | POSTED BY DOCNJO

Also... it is breaking the law regardless of whether you default.

#25 | Posted by gtbritishskull at 2019-03-19 05:42 PM | Reply

#23 Who said anything about whose responsibility it is to do due diligence? The point is that Trump is a crook, and you elected him president because you have no morals.

#26 | Posted by JOE at 2019-03-19 05:57 PM | Reply

#24 they never had them.

Morals and values to them are simply standards they expect everybody else to live by when it suits them.

#27 | Posted by jpw at 2019-03-19 06:15 PM | Reply

Stormy Daniels says his mushroom isn't anywhere near that long.

#19 | Posted by AMERICANUNITY at 2019-03-19 03:43 PM

Perhaps about seventy percent smaller?

#28 | Posted by SunTzuMeow at 2019-03-19 06:31 PM | Reply

He inflates is qualifications to be president by 10 times that.

#29 | Posted by RightisTrite at 2019-03-19 07:09 PM | Reply

Interesting, do your tax records list your net worth? When you do your taxes do you list how much equity you have in your house? I mean that would be part of your net worth wouldn't it? I mean Maddow released a couple of his tax returns and it was embarrassing for the left, it showed he paid a higher percentage in taxes than Hillary, Obama and Bernie. Do you want to get emabarrased again?

#18 | POSTED BY FISHPAW

Fishy, that´s a valid point, tax records don´t reflect net wealth, my bad. Trump´s still a liar.

#30 | Posted by CrisisStills at 2019-03-20 07:19 AM | Reply

CRIS you need to give FISHFLOP a pass... he can only see one thing at a time ... like most of the clown brigade ...

The whole picture escapes him.

#31 | Posted by RightisTrite at 2019-03-20 07:58 AM | Reply

#24 | Posted by gtbritishskull, Appraisal of property and an estate is nebulous at best. If the damn Yankee is guilty, so is General Motors. The difference is he didn't use tax payers funds.

#32 | Posted by docnjo at 2019-03-20 08:42 AM | Reply

I'll say this....this time -------- posted a pretty good read.

Deutsche Bank knew the entire time Trump, on several occasions, overstated his assets. I don't pretend to know how laws govern commercial real estate ventures and what laws were broken but understand that Deutsche Bank always knew the truth about Trump, his business ties, his business ethics, etc. but continued to do business with him, even after the bank sued Trump and vice-versa. They still did business with one another.

If the bank believes they have been defrauded then fine....call the cops and let's get it on....but until that happens, this is an interesting story about Trump, how he gets deals done, etc..but it also reveals how goddam greedy these banks are for doing business with him and people like him.

#33 | Posted by eberly at 2019-03-20 09:25 AM | Reply

#33 | POSTED BY EBERLY....but it also reveals how goddam greedy these banks are for doing business with him

given the banks record of dealing with the russian mob, i'd bet that the money that the bank was "lending" to trump was money that had been deposited by russian mob shell corporations, perhaps with an agreement with trump on where the money would be spent.

#34 | Posted by 1947steamer at 2019-03-20 10:46 AM | Reply

lying by omission is what they call what you did fishstew
soo fishstew is once again proven, factually, to be a lying liar

#22 | POSTED BY TRUTHHURTS AT 2019-03-19 04:31 PM | FLAG:

So I'm saving this for when the Mueller report comes out. Two and a half years of lying daily for someone who calls themselves Truthhurts.

#35 | Posted by fishpaw at 2019-03-20 03:01 PM | Reply

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