Deutsche Bank denied Trump loan in 2016 fearing he would become president and default: Report

Seriously the whole industry modelled themselves on Trump’s model. He’s leveraged to the hilt thru companies that he advises so he benefits from performance fees on the upside but doesn’t bear risk on the downside. It’s been proven bulletproof in court. He did it for real estate, so did Li Kai Sing. Son san doing now with SoftBank. His Vision fund is similar in concept. I’ve seen above parties bankrupt businesses, banks write down loans only to have the bio-aire buy it back for cents on the $ and have the banks write new loans. That’s how you do it. Banks will do it because the #s work at the start and they have the collateral and everyone else is in but when the numbers no longer work....

/r/worldnews Thread Link - newsweek.com