Symmetry wrote:saxitoxin wrote:Symmetry wrote:You can't really be ok with a guy who won't say what kind of hold other countries have over him.
Scotty obviously has a cosmopolitan perspective.
You seem to be infected with hysterical 1950s McCarthyist fantasies of a fifth column of "evil foreigners."
I was thinking of the more recent reports about DeutscheBank.
https://www.theguardian.com/us-news/2017/feb/16/deutsche-bank-examined-trump-account-for-russia-linksTrump and his businesses have a long history with the German bank, which this month posted its latest net loss, of ā¬1.4bn. It has been the only financial institution willing to lend Trump significant sums. In the 1990s other Wall Street banks, which had previously extended him credit, turned off the tap after Trumpās businesses declared bankruptcy four times.
In November 2008 the German bank took the unusual step of suing Trump after he failed to repay $40m of a $640m real estate loan. Trump countersued. The tycoon argued that Deutsche had contributed to the global recession, which had depressed property prices. He demanded $3bn in damages.
Deutscheās astonished lawyers described Trumpās lawsuit as frivolous and demanded immediate payment. The two parties settled in 2010.
The bank then quietly re-established its relationship with Trump via Deutscheās private bank. The private wealth division deals with ultra high-net worth individuals, typically with assets in excess of $50m.
A person familiar with the matter said the relationship resumed because Deutsche Bank hired a group of private wealth bankers including Rosemary Vrablic, who had previously worked at Citigroup and Bank of America and was Trumpās personal banker. Vrablic began working for Deutsche in 2006.
When he was questioned about his bona fides on Wall Street by the New York Times, Trump referred to Vrablic as the ābossā of Deutsche Bank, although she is not the groupās chief executive. A glowing profile of the banker appeared in Kushnerās New York Observer.
Sources in the banking world have expressed astonishment that Deutsche would continue lending to Trump in the wake of his $3bn 2008 lawsuit. Asked whether this was normal practice, one former Deutsche Bank employee, who worked for the bank in New York, said: āAre you kidding me?ā
Another former CEO of a rival investment bank, speaking on condition of anonymity, said: āThe idea that a bank would walk away from an enforcement lawsuit on a defaulted loan with a litigious borrower because they hired a banking team is preposterous.āIn January a US regulator, the New York Department of Financial Services, fined Deutsche Bank $425m for laundering around $10bn of Russian money. The UKās Financial Conduct Authority imposed a Ā£163m fine, its largest ever.
The US Department of Justice is still investigating the Russian scheme. In December Deutsche agreed to pay the department $7.2bn. The fine related to the mis-selling of residential mortgage-backed securities and other activities during 2005-7. The US originally asked Deutsche to pay $14bn.
Fascinating stuff
Former employee? Like, was he the janitor who got fired after he showed up late?
-TG