Quantcast
Connect with us

Coronavirus is panicking Wall Street — but it’s got investors in Donald Trump’s second biggest creditor terrified

Published

on

Thanks for your support!
This article was paid for by reader donations to Raw Story Investigates.

This article was paid for by Raw Story subscribers. Not a subscriber? Try us and go ad-free for $1. Prefer to give a one-time tip? Click here.

David Cay Johnston
David Cay Johnston

Shares of the little, and little known, Ladder Capital (LADR) closed Monday at $8.32 a share, down from $18 less than three weeks ago.

LADR shares lost 54% of their value. That’s double the drop in the Dow Jones Industrial average. Shares of Trump’s biggest creditor, the large Deutsche Bank, are down 43% in the same period.

They should be. Their entire investment may be flushed down the financial toilet if Trump can’t pay his debts on his heavily leveraged golf resorts, hotels and restaurants.

ADVERTISEMENT

 

ADVERTISEMENT

This article was paid for by Raw Story subscribers. Not a subscriber? Try us and go ad-free for $1. Prefer to give a one-time tip? Click here.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump let his ego put the entire nation at risk as he bungled the coronavirus response

Published

on

Health care workers continue to put their lives on the line, caring for patients despite critical shortages of the safety gear they need to protect themselves from COVID-19.

To help, factories now churn out face shieldsmasks, and gowns. And millions of workers stay home to slow the spread of the disease.

Continue Reading

Breaking Banner

This is the bizarre and deep-rooted phenomenon driving the right’s coronavirus miracle-cure mania

Published

on

In one of the oddest developments of the coronavirus crisis, there's been a run on a pair of antimalarial drugs, hydroxychloroquine and chloroquine, which are used primarily in the U.S. to treat arthritis and to prevent organ damage from lupus. The drugs are being sucked out of pharmacies at an alarming rate, thanks to Americans who have convinced themselves these drugs will save them if the develop COVID-19, and thereby leaving patients who actually need these medications in danger.

Continue Reading
 

Commentary

Can you hide a pandemic? There’s no need to believe Beijing on China’s coronavirus success

Published

on

Bloomberg News (4/1/20) reported this week that anonymous U.S. officials say that a secret intelligence report concludes that China's statistics on the coronavirus outbreak are "fake":

China has concealed the extent of the coronavirus outbreak in its country, under-reporting both total cases and deaths it's suffered from the disease, the U.S. intelligence community concluded in a classified report to the White House, according to three US officials.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image