Posted on 01/12/2021 3:50:52 AM PST by DoodleDawg
As a growing list of companies cut political spending in the wake of last week’s Capitol Hill riots, some banks that have done business with President Donald Trump are following suit.
Deutsche Bank DB, -0.09% will no longer do business with Trump or any of his companies, Bloomberg News reported on Tuesday, citing sources. A spokesman from the German lender declined to comment. Trump reportedly owes the bank over $300 million.
Meanwhile, Signature Bank SBNY, +0.22% on Tuesday released a statement on its website, calling for Trump to step down.
(Excerpt) Read more at marketwatch.com ...
It’s not enough to beat him. They want to ruin him personally and financially so the next billionaire who doesn’t toe the line thinks twice about challenging the Deep State.
Comply or be broken
I don't think it's all billionaires. Just this one.
It is a warning to all of them; we will never see an independent even get through the primaries again, never mind the general election. This has been developed since the day after the 2016 election; the Republocrat club will never host an outsider they don’t control. Americans have just seen the last President who gave a hoot about the average American citizen.
Looking back at it over the years, our biggest mistake as conservatives was to be too trusting of big business and corporate America. It never dawned on us that big business would ever join forces with big government. We were told (often by the left) that that was an impossibility.
I know hindsight is 20/20 but the parting on the left now REALLY is parting on the right.
There will always be banks or investors that WANT TO MAKE MONEY.
Hell, Elon Musk or Larry Ellison could replace Trumps $300 million loan and those guys would consider it a rounding error taken from their net worth.
Same banks still probably operate KKK or Islamic terrorist accounts... I know Deutsche does
What utter bullsht
But sheeples be bleating
I suspect the biggest concern for these banks is that the $300 millions loans are backed by real estate assets that have plummeted in value during the COVID fiasco.
Goes both ways..
100 million plus will identify against this.
True but that is all across the commercial real estate space, which Trump’s properties are drop in the ocean in comparison.
By charging The Trump Organization above market rates for their loans. That's hard on the borrower.
I suspect they’re doing the same thing with ALL their commercial loans.
Probably. But how many of them are in a position to be the preferred source of financing for The Trump Organization?
You can’t assume that for all. Some will just do a straight up deal. Do you think author of The Art of the Deal all of a sudden went stupid on how to do deals?
Right, but they spin the story as if this is specific to Trump.
banking controlled by forces outside the US
If Deutsche Bank was really series about no longer doing business with Trump, they’d stop accepting those monthly checks Trump mails in to payoff that $300 million loan.
Hypocrites.
One key reason is that their graduates seldom default. And the key reason that their graduates seldom default is that they graduate with useful degrees. No gender studies and other fluff degrees are offered by Hillsdale.
There is a comparable situation for public universities with the Bank of North Dakota for most of the same reasons.
Trump is a lot sharper than the D lister IBers at Douche Bank. If they were any good, they wouldn’t be working for that zombie bank.
The best they can do is figure out unsophisticated ways to wash money for the mullahs in Iran and get fined a billion $.
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