Posted on 07/28/2023 7:22:10 AM PDT by SeekAndFind
President Trump has had a lot of ups and downs in his real estate career, which means his relations with banks and credit can be pretty dicey. The matter was made worse for him in the wake of the January 6 protests, where wokester banks outright cut him off.
His Trump Organization financial operation however did find a bank that would loan to his organization, a relatively small bank in San Diego called Axos Bank. and that set the Washington Post scrambling to look for some seedy Biden-style corruption.
They found nothing.
They must have spent some time on this, however, because they ran a story, and had to satisfy themselves with innuendo that maybe something could be wrong.
Their story began with this drumroll:
SAN DIEGO — As Donald Trump considered another White House run last year, his company’s finances were at risk of spiraling into crisis.
The former president’s longtime lender and several banks with his deposits had cut ties in the days around the Jan. 6, 2021, attack on the Capitol by his supporters, at a time when Trump had hundreds of millions in loans coming due. In February 2022, the accounting firm that had worked for him for two decades dropped Trump and advised against relying on his “statement of financial condition,” a metric banks use to evaluate the risks of a loan.
Unless he found a new lender, Trump’s business empire could have been in jeopardy.Then a new partner came to the rescue: a little known, online-only financial firm headquartered in a suburban San Diego office park.
Nope, that's a very busy urban area of San Diego of all new buildings at the edge of the pricey urban sprawl of La Jolla.
(Excerpt) Read more at americanthinker.com ...
They said the significance of their story was that the loans helped keep Trump afloat and ready for his presidential run, which was what was really bothering them.
Yet there was no sign of anything untoward in their account of the Trump Organization's $225 million refinancing loans from Axos Bank at all.
The real story was that wokester banks had shut Trump out from loans for political reasons, and Axos Bank, which was run by a Republican named Gregory Garrabrants, didn't put political terms on bank loans, so once the bank was satisfied that the Trumps could repay, the Trump loans went through, and the bank said it made money.
Imagine that. A Story in the Washington post that wasn’t true!
So once it’s prove Biden was a crook, we can shame all his banks?
No. That would be Silly...
Wow! I’ll mark this date on my calendar. ;-)
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