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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.

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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Congresswoman criticizes Republican press guy for claim Black folks don’t care about Kamala Harris: Does he know any?

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Rep. Karen Bass (D-CA) hilariously mocked former press secretary Ari Fleischer, who worked for former President George W. Bush's White House. Fleischer claimed Black people won't be that excited about Sen. Kamala Harris on the ticket.

"She's just not that historically exciting to African-Americans," said Fleischer speaking to Laura Ingraham during a Fox News appearance after the announcement.

During a conversation with MSNBC's Joy Reid, the host called Fleischer "a sort of a bygone era Republican voice" and asked Bass to listen to his comments.

"I wonder how many African-Americans," asked Bass, chuckling.

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Trump draws ridicule for press conference after Biden/Harris event: ‘Did someone give him a Valium?’

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On Wednesday, just as former Vice President Joe Biden and Sen. Kamala Harris (D-CA) were winding down their first official joint campaign event, President Donald Trump kicked off his latest White House briefing.

As usual, the president triggered a round of mockery from social media.

A somnambulant Trump starts his August 12 press briefing with some casual xenophobia and then starts hyping the stock market pic.twitter.com/T4ObIke7qN

— Aaron Rupar (@atrupar) August 12, 2020

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Trump doubles down after being confronted with his claim Biden wants an ‘invasion’ of suburbs

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At Wednesday's press conference, President Donald Trump was confronted with his claim that former Vice President Joe Biden would trigger an "invasion" of suburban neighborhoods — widely considered to be a racist dog whistle for affordable housing that will attract more people of color.

“What do you mean by invasion?” the reporter asked.

“They’re going to open up areas of your neighborhoods — they’re going to destroy suburbia,” insisted Trump. He added that "by the way, 30 percent of the people in suburbia are minorities," evidently on the defensive from claims that he was appealing to racism.

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