Senator presses Deutsche Bank for details of loans

[struggle4progress]

Stephanie Kirchgaessner and Luke Harding
Wednesday 12 April 2017 12.29 EDT
Last modified on Wednesday 12 April 2017 12.45 EDT

... Chris Van Hollen has written to Deutsche Bank asking for assurances that it will not use the president’s outstanding multimillion-dollar loans as “leverage”. The Democratic senator is also demanding to know whether the bank has restructured Trump’s debt or sold it to “foreign entities”.

Trump currently has two loans and two mortgages with Deutsche Bank and owes it about $340m (£270m). The bank has also extended another $950m to a venture in which Trump owns a 30% stake, the Wall Street Journal reported in January.

Van Hollen, who sits on the Senate banking committee, said he had “great concern” about possible conflicts of interest between Deutsche and Trump and questions about whether the bank’s role as the president’s largest creditor could influence multiple ongoing investigations into the German bank ...

https://www.theguardian.com/business/2017/apr/12/us-senator-presses-deutsche-bank-for-details-of-trump-loans

[Maraya1969]

1. If Trump has so much money why can't he pay back this loan?

And why isn't this being reported in the MSM!