Dead beat Donnie Groveling for Financial help from Deutsche Bank

[SBoy]

Link to tweet

?s=21

He can’t meet his $3.5 million a week debt payments. Too bad

[H2O Man]

1. Recommended.

We needed some good news. Thank you for this.

[TheBlackAdder]

18. Wait! I thought this guy was a mega billionaire!

[helpisontheway]

26. I know...Write a check like Bloomberg Donnie. #fakebillionaire..nt

[NCjack]

53. Donie, election 2020 coming fast. Show us your tax returns and financials.

[nature-lover]

2. May have to file bankruptcy again.

[2naSalit]

6. He must get frequent flyer miles with those by now. ...nt

[brush]

30. Can it get anymore embarrassing? I mean the president is begging a foreign bank for time to pay.

The despicable a-hole should've divested himself of his businesses when he took office. He didn't so this is what he gets.

[Golden Raisin]

58. I don't think there's a single American bank

that didn't cut him off years ago.

[Lonestarblue]

34. That would be rich!

Then his supporters would have to stop saying he’s a successful businessman. He was never a successful businessman. It was all fake.

[nature-lover]

38. If he does, he will spin it as being a victim of the pandemic like the rest of us. Gag

[2naSalit]

3. Awww, too bad!

[mr_lebowski]

4. Deadbeat is one word ;) (nt)

[Hekate]

5. KnR. Awaiting the outcome -- with interest. Putin backs the "Trump Dept" at Deutsche Bank...

So what will he decide?

[Hermit-The-Prog]

63. What will Putin require Deadly Donnie to do?

[leftieNanner]

7. Pay Wall

But $3.5 million per week?? Seriously??

The Asshole squatting in OUR HOUSE isn't a great money manager, is he? I guess he needs to go golfing more to soak that money out of us for the Secret Service golf carts.

[Wounded Bear]

8. Well he did bankrupt several casinos...

[ProfessorGAC]

12. Not Several

Just 3!!!! How the can you go bankrupt running a casino????? What is the opposite of successful businessman.

[sdfernando]

22. It takes some real talent to bankrupt a casino! /nt

[marble falls]

24. He tried to sue Merv Griffin for one of those bankrupt casinos. He was laughed out of court.

[paleotn]

40. Seriously, the odds are always with the house.....

you can't fucking lose. Well, maybe you can when everything you touch dies.

[Lucky Luciano]

46. There is overhead and if you borrow too much you can bk a casino.

[paleotn]

50. Running a business competently may be too much for Donnie...

And I'd imagine the room for error is far greater with a casino verses a grocery chain. In my mind you've either got intentionally sink it or be the author of a best seller like...Art of the Dumb Ass.

[Lucky Luciano]

56. Oh he's a total fuckup for sure, but recessions do kill casinos too.

[NCjack]

62. And, it costs to pal around with the mob and screw their prostitutes. They get on the payroll,

get in the counting room, select the entertainers, and suddenly one day, the profit is gone.

[jmowreader]

48. It's very easy to bankrupt a casino, if you love shiny things

He spent way more money on decor than he was earning from the gaming floor and hospitality operations.

[ProfessorGAC]

65. Not Just That, But...

...debt interest was super high, & worse;
There were 4 casinos in Atlantic City and 3 were his. At that time, there wasn't the traffic to support 4, and he was 2/3rds of his own competition.
So actually, I guess, it's not that easy to go broke running a casino.
It takes colossal business incompetence and a total lack of knowledge about simple economics!

[Eugene]

36. From the Daily Beast...

FEELING THE PAIN

Trump Organization Asks for Financial Help Amid Coronavirus Downturn: NYT

Julia Arciga
Reporter
Published Apr. 02, 2020 3:29PM ET

The Trump Organization has reportedly asked about delaying payments to loans and other financial obligations after the coronavirus pandemic closed most of its resorts, hotels, and golf courses. According to The New York Times, the company asked Deutsche Bank late last month about potentially postponing payments on at least some of its hundreds of millions of dollars in loans. A Florida-based company executive also emailed and called Palm Beach County officials to talk about whether they had planned to keep asking for rent payments on land the Trump Organization rents from the county for a 27-hole golf club. The talks with the bank and the county were reportedly preliminary, and the Deutsche Bank discussions are continuing. “These days everybody is working together,” President Trump’s son, Eric, told the Times. “Tenants are working with landlords, landlords are working with banks. The whole world is working together as we fight through this pandemic.”

Policies and sluggish business due to the coronavirus has prompted the shuttering of the Trump Organization’s Las Vegas hotel, Florida and New Jersey golf clubs, and the Mar-a-Lago resort in Florida. Staff and services have also been axed at Trump properties in New York and Washington. A $500 billion economic bailout package that Trump signed last week specifically bars him and his family from accessing the funds.

https://www.thedailybeast.com/trump-organization-asks-deutsche-bank-florida-county-for-financial-help-amid-downturn-nyt-reports

[Wellstone ruled]

9. Oh boy,

this story just opened a can of Whop-Ass. And Putin needs hard Currency in a major way.

Lovin it!! BK all the way!

[C_U_L8R]

10. Look at what SoftBank just did to WeWork

Trump is about to be skinned and filleted

[DEbluedude]

11. This is what what will eventually bring him down.

The connection between the Duetsche Bank loans and whoever underwrote those loans. Going back decades. Stay tuned!

[Polly Hennessey]

13. Use part of your U.S. government

paycheck. The one you say you give away. Oh, sure. I’ll be happy when you and your rotten family are penniless.

[Marie Marie]

14. So now, this explains Trump's somber "tone" at that press briefing this week.

He wasn't acting somber like he finally got the severity of the health risk for Americans - he was worried about his debt.

[MyOwnPeace]

17. Well, you KNEW.........

he wasn't worried about US!

(OH! - I see what I did there! It could mean "us," you know, like you and me, or US, as in the United States!)

Sad part is, either way - he doesn't give a shit.....

[hkp11]

44. and worried about his re-election..

from vanityfair: [link:https://www.vanityfair.com/news/2020/04/inside-trumps-decision-to-back-off-of-his-easter-coronavirus-miracle|

Trump learned that his close friend, 78-year-old New York real estate mogul Stan Chera, had contracted COVID-19 and fallen into a coma at NewYork-Presbyterian. “Boy, did that hit home. Stan is like one of his best friends,” said prominent New York Trump donor Bill White. Trump also grew concerned as the virus spread to Trump country. “The polling sucked. The campaign panicked about the numbers in red states. They don’t expect to win states that are getting blown to pieces with coronavirus,” a former West Wing official told me. From the beginning of the crisis, Trump had struggled to see it as anything other than a political problem, subject to his usual arsenal of tweets and attacks and bombast. But he ultimately realized that as bad as the stock market was, getting coronavirus wrong would end his presidency. “The campaign doesn’t matter anymore,” he recently told a friend, “what I do now will determine if I get reelected.”

[crickets]

15. Careful, Deutsche Bank. Everybody's watching. nt

[SWBTATTReg]

16. Scumbag. Foreclose on his properties.

[bucolic_frolic]

19. What, no more Reichsmarks available?

[rurallib]

20. That cheers me up a bit. Hope they refuse.

It is what he deserves.

[Dem2theMax]

61. I'm sitting here saying please please please please please please please please.

Please refuse him. Let him lose every single property. And then put the largest amount of KFC in front of him that anyone has ever seen.

I think everyone can guess where I'm going with this.

[rurallib]

70. It would be ironic if someone named Sanders was involved in an unfortunate situation

[Pepsidog]

21. US Treasury Secretary to the rescue with his check book.

[marble falls]

23. The Trumps and their companies are specifically exempt from the fund.

[lagomorph777]

28. But Trump has specifically exempted the fund from IG oversight.

He signed it with his fingers crossed behind his back.

[marble falls]

33. He thinks. He's looking for another impeachment. Some Republicans already see the writing on the ...

wall for ol'Trumpybear. Republicans sure don't want to be dealing with this poop in an election.

[lagomorph777]

35. They should've thought of that when they had their chance to remove him

...just as COVID-19 was brewing. Should've been obvious they were putting a lunatic in charge of disaster response.

[marble falls]

37. If they hadn't put their noses so far up Trump's fundiment, they'd have seen it coming.

[Pepsidog]

54. Yep, no congressional oversight per signing statement to bill. Trump has stonewalled oversight at

every turn and it seems his wacko court picks with their “unitary executive “ bullshit beliefs will block any meaningful oversight. Don’t get me wrong, there have been some great rulings against Trump stonewalling on his tax returns and we have been told that these cases are stone cold winners, but we have yet to see a tax return and now SCOTUS will weigh in. I have zero faith SCOTUS will do the right thing and affirm the House’s inherent right at oversight. Donnie is salvaging at the thought of those “perfect” “beautiful “
Bailout checks. Just who in the government will tell him “no checks for you”. This will be the biggest heist of government money in the history of the world. When we Dems get control back imagine what we will inherit. I thought Obama had it bad but the next Dem president will face staggering deficits. Or, like Cheney said, deficits don’t matter.

[crickets]

71. Pelosi has plans. I don't think she's going to let that money just walk out the door.

Pelosi creates watchdog panel for coronavirus spending
https://www.democraticunderground.com/10142461752

[lagomorph777]

72. What, don't you trust Justice Beerbong?

[Traildogbob]

25. Take a loan from JaVanka.

They milked over 100 million last year occupying OUR house. Sell some of Melanoma's shit.

[lagomorph777]

29. Drop in some of that inaugural foreign cash.

[Pepsidog]

55. Who wants to bet Dotard stops donating his salary?

[Chainfire]

27. Well at least

Pappa Putin can cosign his loan.....again.

[Paper Roses]

31. When I was young and complained about something, my dad used to say:

Hearts and Flowers!

I bet all of us feel so sorry for this idiot and his companies. I hope they all reach foreclosure.
This man is disgusting.

All of us are trying to cope with financial problems. We should be worried about this idiot?

Sure!

Yes, I can't stand this man and his minions.

[Duppers]

32. A silver lining.

They all should die penniless & imprisoned.

[bluestarone]

39. I really FEAR that tRUMP (family) will take full advantage of the stimulus package!

I DO feel good that our Nancy will be keeping an eye on this, BUT these are very corrupt bastards! My money is on they will get some of it! Then we will have to FIGHT to get it back!

[empedocles]

41. Chickens come home to roost

[BigmanPigman]

42. Good article....

"Other companies may be able to tap into a $500 billion rescue fund that will be administered by the Treasury Department. But the economic bailout package, which Mr. Trump signed into law last week, specifically barred the president and his family from access to that money."

"Yet the company, which has a portfolio of more than a dozen golf clubs and luxury hotels in the United States and overseas, has opted to keep some of its properties open absent government orders to close, in contrast with the widespread shutdowns by some larger hotel chains."

"Mr. Trump has at times in the past tried to take advantage of crises to get out of his debts."

"In November 2008, he owed hundreds of millions of dollars on a loan from Deutsche Bank that financed the construction of the Trump International Hotel & Tower in downtown Chicago. Mr. Trump told Deutsche Bank that he considered the financial crisis to be a contract-voiding “act of God.” He sued the bank, blaming it for the crisis and for engaging in predatory lending by trying to collect on the loan, and sought $3 billion in damages."

[COLGATE4]

43. He'll just file for bankruptcy again (#5?)

[TruckFump]

45. But...but...but...Trumpy Dump is a fucking mega ga-zillionaire!!!!

Why would he need to postpone any payment!?!?!?!

On the other hand, LMAO if Margarina Loco is foreclosed on!!!!!

[paleotn]

47. Remember Deutche. No other financial institution will touch them.

And for good reason. They're a terrible credit risk. And a new administration will most likely occupy the White House in less than a year. You might want to play this straight for a change.

[keithbvadu2]

49. Eric Trump in 2014: 'We have all the funding we need out of Russia ...

Eric Trump in 2014: 'We have all the funding we need out of Russia ...

https://www.google.com/search?client=firefox-b-1-d&q=erik+trump+money+from+russia

[DemoTex]

51. Calling "Bud" (Harry Dean Stanton) the Repo Man.

[Blue Owl]

73. One thing's for sure -- tRump did those crimes

n/t

[burrowowl]

52. Kick

[Talitha]

57. Is he cozy enough with the Saudis to ask them?

IIRC the Saudis helped Jared out with his 666 building's loan.

[Chainfire]

60. Most likely

And they can be paid back with arms and security deals. I need you to me a favor though.

[bucolic_frolic]

59. Is this in some way tied to Donnie's Russia-OPEC oil production cuts he announced today?

Donnie says he brokered the deal. Oil stocks popped big time. Who knew, who profited? Was this to juice the markets so it would juice the US Dollar so foreign banks would lend?

[LudwigPastorius]

64. You've got to establish that you're in trouble financially before you can ride that...

sweet, sweet taxpayer-funded bailout train that all the companies want to board.

This fits the bill.

[machoneman]

66. Start seizing the properties used to back up those loans. Then, offer to sell them at bargain....

basement prices to fat Donnie's biggest US competitors. Minimze any payback on built-up equity and even then, drag any equity claims out in US, then EUR courts forever. Make him hire tons of high priced laywers who should demand cash in advance for their services. The bank(s) must move fast here to make the seizures before he files for bankruptcy.

This trick often works as the courts often rule that the filing 'proves' the move is solely to avoid legal debt payments. Heck, even if the courts rule for fat Donny, he'll spend tons of time and cash and even then, at the end, he'll need to sell to pay the lawyers, settle the remianign debt, etc. It's a mess and it could not have happened to a more deserving asshole!

[Pillow talk]

67. he probably can meet those payments. but any time he has the opportunity to

defer he will. that gives his ppl time to figure a way to ultimately not pay at all

[Hestia]

68. The vig's still gotta be paid to his masters ;)

[colsohlibgal]

69. What A Loser

This abomination inherited 55 million and managed to lose it all.

It is why Bloomberg is a big weapon against Trump, he earned his fortune and intimidates Twitler.

[Blue Owl]

74. If, even on a much smaller scale, these were Obama's loans...

It would be the top headline in every major newspaper.