Yes, if not for the shady business with Deutsche Bank in 2000, Donald Trump would have most certainly been bankrupt and would have been just another nobody.
He is nothing but a conman.
Donald Trump’s relationship with Deutsche Bank dates back to the 1990s and became particularly crucial in the 2000s when most other major banks refused to lend to him due to his history of defaults and bankruptcies. Despite multiple red flags and concerns about his finances, Deutsche Bank continued to provide substantial loans to Trump, amounting to over $2 billion across various deals. This relationship was marked by controversial decisions, such as lending to Trump after defaults and allowing him to restructure loans under favorable terms.
Key instances include:
– In 2012, Deutsche Bank’s private wealth unit loaned Trump $125 million for the Doral golf resort purchase in Miami, despite already having considerable financial concerns.
– The bank also financed $175 million to renovate the Old Post Office Building in Washington, D.C., transforming it into a luxury hotel.
– Loans were given even after Trump defaulted on a $640 million loan for the Trump International Hotel and Tower in Chicago, illustrating the bank’s unusual leniency towards Trump compared to other clients [oai_citation:2,Why Did Deutsche Bank Keep Lending to Donald Trump? — “Trump, Inc.” Podcast — ProPublica](https://www.propublica.org/article/trump-inc-podcast-deutsche-bank-donald-trump) [oai_citation:1,Deutsche Bank loaned Trump $2bn despite multiple red flags, new report claims | World Finance](https://www.worldfinance.com/strategy/deutsche-bank-loaned-trump-2bn-despite-multiple-red-flags-new-report-claims).
These loans occurred during a period when Trump was largely considered a high-risk client by other financial institutions, making Deutsche Bank one of the few willing to continue business with him despite ongoing financial irregularities. This relationship has been under scrutiny, with investigations exploring the potential implications of these financial dealings, including possible links to money laundering and other misconduct.
Unfortunately, just like most of his other criminal cases, it appears that this is also being suppressed.
