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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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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.

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

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


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Bombshell report confirms Trump ‘repeatedly pressed’ Ukrainian leader to probe Joe Biden’s family

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A new report from the Wall Street Journal confirms that President Donald Trump over the summer "repeatedly pressed" Ukrainian President Volodymyr Zelensky to investigate Hunter Biden, the son of former Vice President Joe Biden.

According to WSJ, Trump asked Zelensky an estimated eight different times to launch a probe of Hunter Biden in a move aimed at crippling Joe Biden's presidential campaign.

"He told him that he should work with [Trump attorney Rudy Giuliani] on Biden, and that people in Washington wanted to know," one of WSJ's sources claims. According to this source, however, Trump on this phone call made no mention of foreign aid and didn't offer Zelensky an explicit quid-pro-quo for his cooperation in investigating Biden.

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Yale psychiatrist on what the whistleblower scandal reveals about Trump’s ‘self-defeating pathology’

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On Thursday, information emerged that a whistleblower in the intelligence community had officially submitted a complaint suggesting that President Donald Trump had had a compromising discussion with a foreign leader.

As the news circulated Friday, commentators raised the possibility that Trump had offered the president of Ukraine a stronger relationship in exchange for dirt on Joe Biden.

Raw Story spoke with Yale psychiatrist Bandy X. Lee, who has studied the president's erratic behavior.

Lee is a forensic psychiatrist and violence expert at Yale School of Medicine. She has been consulting with the World Health Organization since 2002, has taught at Yale Law School since 2003, and is author of the textbook, “Violence.” In 2017, she held an ethics conference that led to the public-service book, “The Dangerous Case of Donald Trump,” and the World Mental Health Coalition. She also convened a panel to assess the president’s mental capacity and chairs a working group on a panel for performing presidential fitness-for-duty tests. She is hosting discussions on the need to speak about a president’s mental health at the Yale Law School and the School of Medicine this week.

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‘Impeachment time’: Conservative columnist says Pelosi must end her caution if Trump-Ukraine scandal is true

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Conservative columnist Max Boot, like fellow anti-Trump conservative Rick Wilson, had long supported House Speaker Nancy Pelosi's (D-CA) cautious approach when it comes to impeaching President Donald Trump.

But in his latest column, Boot argues that Pelosi cannot simply ignore the latest Trump scandal that involves allegedly strong-arming the Ukrainian government to help him dig up dirt on former Vice President Joe Biden.

"If the new scandal involving President Trump and Ukraine is as bad as it seems -- and that is, of course, a very big if at this early stage -- the House will have no choice but to impeach, consequences be damned," he writes.

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