Wednesday, August 28, 2019

Did Putin's Oligarchs Co-Sign Trump Loans? (UPDATED)



On last night's "The Last Word", Lawrence O'Donnell reported that a source close to Deutsche Bank told him that huge loans given to demagogue and Russian asset Donald "The Chosen One" Trump by Deutsche Bank were co-signed by Russian oligarchs close to Russian thug Vladimir Putin. The report has not been verified by NBC News, other news sources, or confirmed by Deutsche Bank. Trump had to go to foreign sources for credit, since his multiple bankruptcies caused American financial institutions to shun him.

Deutsche Bank has been at the center of money laundering activities involving Russian money, and has been sued by committees of the House of Representatives for Trump's tax documents used to demonstrate his assets to the bank for loan purposes. The bank suggested in Federal court that it is in possession of such tax documents.

Trump has been adamant that his tax returns remain private, despite his lie before the 2016 election that he would release them. There are good reasons that he wants them kept under seal, including likely tax, wire and bank fraud exposure. The possibility that Putin-tied Russian oligarchs have underwritten huge loans to him and his organization from Deutsche Bank would explain so much about his fealty and subordination to Putin and Russia.

BONUS:  The story has engendered a trending hashtag, #RussianCosigners

UPDATE:  O'Donnell has now walked back the story, saying "it wasn't ready for broadcast."