We've known for some time that con man and autocratic demagogue Donald "King of Debt" Trump is going to be owing hundreds of millions of dollars to foreign lenders in the months and years ahead. Reuters is reporting that one of his major lenders, the money-launderers preferred bank Deutsche Bank, is looking to sever its financial ties with Trump after the election. Trump is into the bank for at least $340 million in three loans which start coming due in two years. While the loans were made to the Trump Organization, Trump personally guaranteed the loans. Over the years, Trump has borrowed foreign sources because American lending institutions have ceased to loan to him due to his multiple bankruptcies.
Sources at Deutsche Bank tell Reuters that their connection with Trump's shady finances are causing problems for them:
"In meetings in recent months, a Deutsche Bank management committee that oversees reputational and other risks for the lender in the Americas region has discussed ways in which it could rid the bank of these last vestiges of the relationship, two of the three bank officials said. The bank has over the years lent Trump more than $2 billion, one of the officials said.
One idea that has come up in the meetings: sell the loans in the secondary market, two of the bank officials said. But one of the officials said that idea has not gained traction, in part because it is not clear who would want to buy the loans and the attendant problems that come with it." (our emphasis)
We pity any suckers that would assume Trump's loans at this point, given the damage he's done to his "brand" here and abroad. It's more likely that he'll call in favors from shady oligarchs in Russia, former Soviet Union states, and Saudi Arabia to bail him out. That he might trade U.S. secrets in exchange for a cash infusion wouldn't surprise us in the least.
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