Deutsche Bank dumps Forrest Trump
Deutsche Bank, which has been Mr. Trump’s primary lender for two decades, has decided not to do business with Mr. Trump or his company in the future, according to a person familiar with the bank’s thinking. Mr. Trump currently owes Deutsche Bank more than $300 million, which is due in the next few years.
The bank has concluded that, short of forgiving the debt, it has no way to extricate itself from the Trump relationship before the loans come due.
Another longtime financial partner of the Trumps, Signature Bank, also is cutting ties. The bank — which helped Mr. Trump finance his Florida golf course and where Ivanka Trump, the president’s daughter, was once a board member — issued a statement calling on Mr. Trump to resign as president “in the best interests of our nation and the American people.”
Susan Turkell, a spokeswoman for the bank, said Signature had decided that it “will not do business in the future with any members of Congress who voted to disregard the Electoral College.” Ms. Turkell said that in the wake of the riots the bank began closing Mr. Trump’s two personal accounts, which had about $5.3 million.
|by Anonymous||reply 60||01/12/2021|
PGA tournament, twitter, Deutch Bank. Bleed him out drop by drop.
|by Anonymous||reply 1||01/11/2021|
Dear Mr. Trump, we are calling in your loans and expect payment in full by Friday. Lev and Igor will be by to collect either the money, or at least one of your daughter’s (NOT Tiffany) fingers. We have enjoyed servicing your loans and look forward to not having to kill Eric.
We own you
|by Anonymous||reply 4||01/11/2021|
[quote]The bank has concluded that, short of forgiving the debt, it has no way to extricate itself from the Trump relationship before the loans come due.
Let's hope they never give up trying to get the debt repaid.
|by Anonymous||reply 5||01/11/2021|
Vlad here, got my 4 million comrade? I made you some nice tea .
|by Anonymous||reply 6||01/11/2021|
The Trump foreclosures are coming.
|by Anonymous||reply 7||01/11/2021|
So Deutsche is forgiving his debt? Or do they seize assets?
|by Anonymous||reply 8||01/11/2021|
Let's hope they seize assets R8 and are already making plans.
|by Anonymous||reply 9||01/11/2021|
[quote] Signature had decided that it “will not do business in the future with any members of Congress who voted to disregard the Electoral College.”
Yes. We need to cut those fuckers financial lifeline.
|by Anonymous||reply 10||01/11/2021|
Does he have any assets at this point? That copy of his tax returns put him deeply in debt
|by Anonymous||reply 11||01/11/2021|
Only $5m in accounts? Also which bank can he even have a checking account? He might have to put all his cash in his mattress.
|by Anonymous||reply 12||01/11/2021|
R11, he still has Trump Tower and some other properties that would be worth seizing.
|by Anonymous||reply 13||01/11/2021|
I thought someone else owned TT? Trump was only paid to use his name?
|by Anonymous||reply 14||01/11/2021|
[quote] He might have to put all his cash in his mattress.
Good thing there’s not very much of it—Melania is a slender woman.
|by Anonymous||reply 15||01/11/2021|
I hope that whore gets nothing! Lol, lol!
|by Anonymous||reply 16||01/11/2021|
every time I see Deutsche Bank I think of Butch Dyke
|by Anonymous||reply 17||01/11/2021|
He's going to end up in a trailer home when all is said and done.
Or maybe one of his MAGA celebrity friends like Jon Voight can house in in the guest house.
|by Anonymous||reply 18||01/11/2021|
Repo and demolish Trump Tower and rebuild the beautiful Art Deco building Trump demolished on the site.
|by Anonymous||reply 19||01/11/2021|
He will be humiliated and always in danger. The worst part for him will be to become what he loathes most-poor. Karma, humming as she works.
|by Anonymous||reply 20||01/11/2021|
I’ve lost some weight from all the dancing I been doing. Haven’t felt this great in years. Too bad it only took an insurrection. I’ve been to paradise but I’ve never been to me, until now!
|by Anonymous||reply 21||01/11/2021|
Hope I am around long enough to see Trump and his kids, especially Ivanka and Jr., living destitute and in squalor.
|by Anonymous||reply 22||01/11/2021|
I'm glad for these banks publicly humiliating Trump now, but FUCK THEM for ever doing business with this crook.
A KNOWN MONEY LAUNDERER AND GRIFTER. DB was money laundering through him.
|by Anonymous||reply 23||01/11/2021|
🎼Mama told me not to run. Mama told me not to run.
She said "that ain't the way that it's done, Son.
That ain't the way to have fun."🎼
Randy Newman (whose lyric read "come," not "run.")
|by Anonymous||reply 24||01/11/2021|
Impossible the non drug addicts in the family will end in squalor. There is too much secret money that can't be seized.
Don Jr. is a degenerate so he could end up in squalor have spent his secret stash.
|by Anonymous||reply 25||01/11/2021|
What until Vlad demands his 4 million dollar loan be repaid. A cup of poisoned tea, Donny? 😈
|by Anonymous||reply 26||01/11/2021|
It's all over but the screaming!
|by Anonymous||reply 27||01/11/2021|
[quote] So Deutsche is forgiving his debt? Or do they seize assets?
Most of his debt is secured. The Bank will seize the collateral.
|by Anonymous||reply 28||01/11/2021|
Unreliable income/astronomical debt will reduce your credit.
|by Anonymous||reply 29||01/11/2021|
The Deutsche Bank debt will ruin him if not forgiven. (Doubtful.) The debt to Putin will kill him. (Right, Vlad?) I feel just terrible about that.
|by Anonymous||reply 30||01/11/2021|
r30 somehow he will find new backers in exchange for classified material. He's probably declassifying things that foreign countries want. The Feds won't tell the press but Trump is free t share. Maybe he will let Trump Tower go into foreclosure which is why he moved to Mar-a-lago. Let it all go and keep his cash on hand and main residence.
|by Anonymous||reply 31||01/11/2021|
"The bank has concluded that, short of forgiving the debt, it has no way to extricate itself from the Trump relationship before the loans come due."
I hope they start siezing assets - NOW!!!
I also hope they have to fight Trump's other creditors for Mar-a-Lago and Trump Tower and other famous assets, the more embarrassing the better.
|by Anonymous||reply 32||01/11/2021|
He just grifted 300 million from his base. Unless his impeachment goes through he has a million a year travel allowance on our dime. He'll never be in a trailer park, but hopefully he'll live a much smaller life.
|by Anonymous||reply 33||01/11/2021|
Didn't they know he was a snake before they took him in?
|by Anonymous||reply 34||01/11/2021|
Agree with R33. I'd love to see him poor but it will likely not happen. His rabid base will sell their own kidneys to give him money and maybe his Russian or Chinese overlords will pay him money for info. Luckily he is old. But he did beat Covid back with ease. So we can't expect him to drop any time soon.
|by Anonymous||reply 35||01/11/2021|
There's still hope for "long covid"
|by Anonymous||reply 36||01/11/2021|
He'll never be poor poor. He might not be a billionaire again but has the gift of grifting and is very good at it. He also has a cult he can grift now.
|by Anonymous||reply 37||01/11/2021|
[quote]R33 he has a million a year travel allowance on our dime.
Why is this part of the presidential deal?
When’s the last time we had a president who wasn’t a multi millionaire?
|by Anonymous||reply 38||01/11/2021|
The dude is in the hotel business during an epidemic. THIS is the reason he wanted to ignore COVID, because he won’t have any income until everybody is out there staying in his hotels again.
What does a person like Trump do? Sell off his buildings? The ones worth a fraction of what they worth four years ago?
|by Anonymous||reply 39||01/11/2021|
R39 His hotel business AND his personal investments are both why he did not want to acknowledge the reality of Covid. His idea of a winning economy, is just keeping his own personal plates spinning. Most of the people affected by Covid, economically, were already struggling. Those poor shmucks don't care about the stock market. They don't give two shits about that stuff. They needed real aid, but the REAL aid went the all the big corporations so that Trump's stocks could remain lucrative. Every single thing he's done as president has had an agenda of personal payoff.
|by Anonymous||reply 40||01/11/2021|
I have a feeling that the PAC money - 1/4 billion? - he just grifted cannot be seized by a bank. However he can certainly grift from it for his personal expenses. He always wins at this sort of thing.
I would like Mary Trump to get the inheritance that was stolen from her.
|by Anonymous||reply 41||01/11/2021|
[quote]Let it all go and keep his cash on hand and main residence.
That he isn't allowed to live in.
|by Anonymous||reply 42||01/11/2021|
[quote]Deutsche Bank, which has been Mr. Trump’s primary lender for two decades, has decided not to do business with Mr. Trump or his company
Deutsche Bank has been deciding not to do business with him for 20 years
|by Anonymous||reply 43||01/11/2021|
Yeah, if there's anyone worse than Trump it's the slime who run the banks.
|by Anonymous||reply 44||01/12/2021|
He might be homeless and living in the streets.
|by Anonymous||reply 45||01/12/2021|
R37 - was he ever REALLY a billionaire?
|by Anonymous||reply 46||01/12/2021|
R37- No. His father left him enough money to be rich had he managed it wisely. The reason Putin has him by his balls is because American banks knew what a bad risk he is. He never paid his loans to them. So Putin loaned him money. He has never paid for anything. People, establishments, business partners, workers, all where left with unpaid wages and business loans. A total failure at everything.
|by Anonymous||reply 47||01/12/2021|
Lie down with dogs, get up with fleas.
They'll never see their $340 million back.
|by Anonymous||reply 48||01/12/2021|
I would love to see him end up in Florida. In Hyman Roth’s old house
|by Anonymous||reply 49||01/12/2021|
He has no way to pay all he owes . The thing real problem for him as far as I can see is Putin. Has Trump repaid him another way? Selling his Country out? Nuclear codes?
|by Anonymous||reply 50||01/12/2021|
I'm thinking about the people who miss one payment and the bill collectors start calling. Does Trump get calls from bill collectors?
|by Anonymous||reply 51||01/12/2021|
R51- He ties everyone who tries to collect in court. He sue's them. They can afford the legal fees. When the queen of mean women, Hemsley, went to prison I read books on her. That is when I learned of Trump. They hated each other. Everyone in NY hated him except the mafia. High society rightly shunned him. Then of course being the gossip junkie I am , I read books on him. Putrid humane. The worst, bar none.
|by Anonymous||reply 52||01/12/2021|
[quote] But he did beat Covid back with ease.
A helicopter flight to a hospital, in said hospital for days while receiving any and every treatment available to him (not to us) including experimental treatments is hardly “with ease.”
|by Anonymous||reply 53||01/12/2021|
Forbes magazine did an article on this in early December. It addresses what these loans were supposedly secured with.
|by Anonymous||reply 54||01/12/2021|
donald's choice: "Take him ... take the boy."
|by Anonymous||reply 55||01/12/2021|
Everything Must Go Sale!!!
|by Anonymous||reply 57||01/12/2021|
[Quote]They'll never see their $340 million back.
This assumes that Deutsche Bank is actually the sole holder of these loans. New York Law corporate loan agreements usually have language about the lender having the right to sell loans. And even without that clause, it is not extraordinary for a lender to sell undisclosed (called 'silent') participations in loans to third parties. These mechanisms allow banks to manage their exposures to single borrowers.
Who knows who is actually holding all of this Trump debt? Perhaps the Federal Reserve Bank of New York does b/c they perform regular audits of NY-based banks.
|by Anonymous||reply 58||01/12/2021|
When Mar a Lago goes into foreclosure, all the affluent DL’ers should get together and buy it as the official DL Clubhouse. Our beloved Deeney Merrill grew up there. We could turn Palm Beach on its side.
|by Anonymous||reply 59||01/12/2021|
He can live there. He can only stay limited days a year. He can not go back to NY. They hated him before this. Plus, he will be losing TT. A trailer park in Wicket Tx?
|by Anonymous||reply 60||01/12/2021|