this post was submitted on 03 Jan 2024
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[–] FlyingSquid@lemmy.world 28 points 11 months ago (5 children)

No bank in the world is going to hand anybody millions (never mind over a billion) without some reasonable assurance it can be paid back one way or another.

You say that, but Deutsche Bank and others have been very happy to loan Trump money over the years and they must know he won't pay it back.

[–] RestrictedAccount@lemmy.world 40 points 11 months ago

… but Deutsche Bank and others have been very happy to launder payments from Russian mobsters via unpaid loans …

FTFY

[–] FuglyDuck@lemmy.world 7 points 11 months ago

Some of those loans are predicated on extremely inflated business dealings. For example, in the NY fraud trial, the collateral was Trump's properties. Some of those loans, as already mentioned, were also straight up bribes.

also its extremely unlikely this guy is going to be somebody that people want to bribe. Remember, mortgages count against networth, so this guy isn't that rich.

[–] throwwyacc@lemmy.world 2 points 11 months ago

They likely make him pledge something as collateral. I doubt they're just giving him unsecured loans just for fun

[–] dangblingus@lemmy.dbzer0.com 1 points 11 months ago (1 children)

He was committing fraud. That's why Deutsche Bank no longer does business with the Trump organization.

[–] Linkerbaan@lemmy.world 2 points 11 months ago* (last edited 11 months ago)

No that's because the fraud got discovered. Else they would still do business with Trump. They were likely giving Trump Russian money as "loans".