03-19-2019, 01:57 PM
Quote:Trump-Deutsche Bank loans; Mar-a-Lago promise before bond default - Business Insider
- Trump made promises to the reluctant Deutsche bond salesmen tasked with raising buyers for Trump's bonds. Trump reportedly said: "If you get this done, you'll all be my guests at Mar-a-Lago," his private club in Florida. Trump flew about 15 salesmen to the resort on his private plane. A year later, in 2004, Trump Hotels & Casino Resorts defaulted on the bonds.
- He filed a lawsuit against the bank in 2008, days before part of a loan used to build Trump International Hotel and Tower in Chicago was due, claiming the financial collapse that year was an act of God.
- Trump borrowed money from one part of the Deutsche Bank to pay off a loan from another, in what the Times called "an extraordinary act of financial chutzpah."
- "Deutsche Bank's leaders repeatedly saw red flags surrounding Mr. Trump," the Times said.
Lots more highlights in that article..

