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Foreign bank denied Trump a massive loan during the 2016 campaign fearing he would win and then default: report

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Donald Trump (Photo: Gage Skidmore/Wikipedia)

President Donald Trump sought — and was denied — a loan worth tens of millions during the 2016 presidential campaign, The New York Times reported Saturday.

Trump is a purported billionaire, but has refused to release his tax returns, so the degree of his wealth remains in doubt.

During the campaign, the newspaper said he “was burning through cash.”

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“It was early 2016, and he was lending tens of millions of dollars to his presidential campaign and had been spending large sums to expand the Trump Organization’s roster of high-end properties,” The Times explained. “To finance his business’s growth, Mr. Trump turned to a longtime ally, Deutsche Bank, one of the few banks still willing to lend money to the man who has called himself ‘The King of Debt.'”

Due to his reputation for declaring bankruptcy and defaulting on debt, American banks had largely refrained from extending him credit.

Officials at Deutsche Bank worried Trump’s “divisive campaign” made the loan risky, according to three sources.

“Among their concerns was that if Mr. Trump won the election and then defaulted, Deutsche Bank would have to choose between not collecting on the debt or seizing the assets of the president of the United States,” The Times explained.

House Intelligence Committee Chair Adam Schiff and Finance Committee Chair Maxine Waters have both said they will investigate Deutsch Bank’s loans to Trump.

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Deutsch Bank has reportedly loaned the Trump Organization more than $2.5 billion over 17 years.


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2020 Election

‘Humiliating self-own’: Trump mocked after touting binder full of his ‘accomplishments’ — but photo shows blank page

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President Donald Trump on Wednesday tweeted photographs of his press secretary delivering a binder full of his purported accomplishments to CBS News reporter Lesley Stahl.

“Kayleigh McEnany presenting Lesley Stahl (@60Minutes) with some of the many things we’ve done for Healthcare. Lesley had no idea!” the president tweeted.

However, many Twitter users noticed that one photograph showed Stahl opening the binder – revealing a blank page.

"Are there Nobel prizes for most humiliating self-owns? If so, Trump definitely deserves one for presenting Lesley Stahl with a blank book and claiming it's some huge gotcha moment," remarked author Steve Silberman.

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2020 Election

Here’s how The Christian Post ‘sold its soul’ to Trump — according to its former politics editor

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Political analyst Napp Nazworth watched as The Christian Post (CP) made its "gradual descent" from being anti-Trump to pro-Trump, often questioning whether or not he should jump ship from the publication. But what happened on Dec. 23, 2019, made the decision painfully clear.

"I was told by Michelle Vu, my boss at The Christian Post, to publish a pro-Trump op-ed as an editorial, meaning it was to express the position of the media organization," Nazworth wrote at Arc Digital. "'It can’t be an editorial,' I explained, 'because I don’t agree with it and I’m an editor.' Vu said she would call me back."

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Republicans grow increasingly nervous over potential loss of Senate seat GOP has controlled for decades

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Rep. Roger Marshall (R-KS) wants to fill the state's open Senate seat that been in the hands of Republicans since 1932, and was once widely expected to do so, but thanks to the economic fallout from the coronavirus pandemic, the seat is more likely to be a toss-up, according to the Washington Post's Annie Gowen.

Marshall’s Democratic opponent, Barbara Bollier, 62, is a state senator who recently left the GOP, and has focused her platform on battling the pandemic and expanding health care. Gowen reports that she has racked up a "record third-quarter fundraising haul of $13.5 million, and has raised a total of $20 million. Marshall raised $2.7 million in the third quarter and has a total of $5 million."

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