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Financial leverage as kompromat
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Unregistered
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Unregistered
Originally posted by Unregistered View PostAn no one cared much about what he was doing internally,back then. Sounds harsh but it's true. Once he started muscling into other countries, killing spies on foreign turf, interfering with elections and waging cyber warfare on other countries, trying to build an empire in the middle east, world leaders started caring a great deal.
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Unregistered
Originally posted by Unregistered View PostImagine if you will, a U.S. president who:
1. Borrows billions of dollars from foreign oligarchs to fund his real estate deals, because U.S. lenders are no longer willing to loan him money
2. Sees the value of those real estate holdings decline in value, to the point where they are worth less than the outstanding loans
3. Knows the oligarchs have the power to call those loans at any time, which would force him into a very public and very embarrassing bankruptcy
How might that president behave towards those oligarchs?
https://www.businessinsider.com/trum...rce=reddit.com
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Unregistered
Originally posted by Unregistered View PostHe might berate his staff for not telling him Daddy tried to call:
https://www.businessinsider.com/trum...rce=reddit.com
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Unregistered
Oops. Looks like Trump's DB loans (when he was broke and no one would lose him money) were backed by a state owned Russian bank.
https://m.dailykos.com/stories/2020/...back-by-Russia
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Unregistered
Originally posted by Unregistered View PostOops. Looks like Trump's DB loans (when he was broke and no one would lose him money) were backed by a state owned Russian bank.
https://m.dailykos.com/stories/2020/...back-by-Russia
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Unregistered
Originally posted by Unregistered View PostOops. Looks like Trump's DB loans (when he was broke and no one would lose him money) were backed by a state owned Russian bank.
https://m.dailykos.com/stories/2020/...back-by-Russia
Those tax returns might hold some clues. No wonder Trump wants so desperately to keep them hidden.
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Unregistered
Originally posted by Unregistered View PostOops. Looks like Trump's DB loans (when he was broke and no one would lose him money) were backed by a state owned Russian bank.
https://m.dailykos.com/stories/2020/...back-by-Russia
https://mediabiasfactcheck.com/daily-kos/?amp
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Unregistered
Originally posted by Unregistered View PostOops. Looks like Trump's DB loans (when he was broke and no one would lose him money) were backed by a state owned Russian bank.
https://m.dailykos.com/stories/2020/...back-by-Russia
Why this story could be big
It would explain everything about Trump Org's extremely suspicious business and purchases since roughly 2007, and his on-going sycophancy to Putin. I summarize this context in the second half of this comment.
The source - the son of a DB executive who committed suicide in 2014 - absolutely has the goods. He is perhaps the most important source for NYT's David Enrich in his world-class coverage of Deutsche.
VTB was the original planned financer for Trump Tower Moscow.
When Trump was elected, Deutsche Bank raced to unload an extremely suspicious $600 million loan to VTB. WSJ could not determine where the money went, the loan had no documented purpose on Deutsche Bank's internal records, and was structured to allow VTB "to use the funding as it wished".
VTB is as closely connected to Putin as a bank can be, and is commonly referred to as "Putin's Piggy Bank".
Why to remain skeptical
The source, though possessing a vast trove of incredibly valuable document of DB internal business, is kind of a basket case and self-promoter.
Why wasn't this story written by David Enrich at NYT? The fact that the whistleblower is resorting to an independent journalist when he already has the relationship with Enrich suggests that the allegations may not yet be meeting editorial snuff at NYT. (Edit - Enrich just liked this tweet which cautions skepticism of the story, to which the original author at Forensic News responds).
Context - Trump Org's Suspicious Russian-flavored Business and Relationship with Deutsche Bank
Whatever their ultimate merit, it is incredibly important that Congress pursue investigation of these allegations, because they would explain everything about Trump Org's incredibly suspicious behavior over the last decade and a half.
Why Deutsche Bank, Trump's Lender of Last Resort, Kept Lending through Repeated Defaults - Since the late 2000s, DB was the last western bank willing to bankroll him, which was especially strange in light of his history specifically with stiffing Deutsche Bank and suing them in court. No one knows why they were willing to repeatedly accept the considerable risk Trump entailed, but given Deutsche's prolific history of Russian money laundering, the big question was whether those loans were being backstopped through other sources.
Trump's Bizarre Golf-Heavy Spending Spree - From 2006-2015, Trump Org went on a mysterious all-cash spending spree. The biggest purchases were in 2010-2014, precisely aligning with Deutsche's heaviest period of Russian money laundering, and precisely the time that Eric Trump contemporaneously explained to golf writer that all of their financing was coming from Russia.
I said, ‘Eric, who’s funding? I know no banks—because of the recession, the Great Recession—have touched a golf course. You know, no one’s funding any kind of golf construction. It’s dead in the water the last four or five years.’ And this is what he said. He said, ‘Well, we don’t rely on American banks. We have all the funding we need out of Russia.’ I said, ‘Really?’ And he said, ‘Oh, yeah. We’ve got some guys that really, really love golf, and they’re really invested in our programs. We just go there all the time.’
Deutsche Bank's Freakout When Trump wins Election - Right before the election, Trump was predictably having a hard time with the scottish golf courses (which were objectively awful investments that continue to lose money) and needed a bailout. This is when Deutsche Bank appears to have finally realized the gravity of the situation, and denied his loan request, even though it was to just be an extension of loans for his (at the time, profitable) Doral property. Then when he actually won and Russia's election assistance was revealed, they raced to unload a considerable $600 million loan to VTB (the originally planned financier for Trump Tower Moscow). The loan had no documented purpose in DB's records.
Trump's Subordination to Putin: "Sistema" - There is some explanation for why Trump's sycophancy towards Vladimir Putin, most egregiously in Helsinki last year. There is some explanation for why he insists on periodic, private meetings where he destroys all records of what was discussed afterwards. Nervousness over conspiracy in the election was always a plausible explanation, but never the most likely. More plausible is simply that Trump unwittingly bumbled himself into becoming part of the Russian "Sistema", the structure by which Russian oligarchs are forced to stay in line (and subservient to Putin) because they all understand thay they have mutually benefited from criminal activity, and can be destroyed by it's exposure. As described by the New Yorker's Adam Davidson in A Theory of Trump Kompromat:
Each actor in sistema faces near-constant uncertainty about his status, aware that others could well destroy him. Each actor also knows how to use kompromat to destroy rivals but fears that using such material might provoke an explosive response. While each person in sistema feels near-constant uncertainty, the over-all sistema is remarkably robust. Kompromat is most powerful when it isn’t used, and when its targets aren’t quite clear about how much destructive information there is out there. If everyone sees potential land mines everywhere, it dramatically increases the price for anybody stepping out of line.
If Trump aided in Russian money-laundering or bribery, he would be guilty of Foreign Corrupt Practices Act (FCPA) violations. These are notoriously difficult to prosecute without a paper trail. However, if such a trail exists, it is almost certainly accessible to Vladimir Putin, particularly if it involves VTB.
https://www.reddit.com/r/worldnews/c...donald_trumps/
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Unregistered
Mad magazine in 1992
When a comedy magazine targeted to children has a better understanding of Donald Trump 27 years ago than his supporters do now.
https://i.redd.it/wna2m0f0l5c41.jpg
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Unregistered
Hmmmm . . .
A Russian government-controlled bank deposited at least half a billion dollars into the American subsidiary of Deutsche Bank around the time that the bank lent Trump his most scrutinized loans, according to exclusively obtained confidential bank records. As Trump received loans from the subsidiary, DBTCA, totaling over $360 million, Gazprombank sent $511 million in cash to DBTCA to be dispersed however the Russian bank directed.
Additionally, DBTCA had deep liabilities to the Russian government in 2013, according to the documents acquired by Forensic News. The documents show that financial entities in Russia were owed nearly $3 billion by the subsidiary in October 2013.
https://forensicnews.net/2020/01/21/...lent-to-trump/
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Unregistered
Trump supporters, please explain this
Saudi Arabia murdered a journalist and hacked Jeff Bezos. Trump sent them U.S. troops
https://www.inquirer.com/columnists/...-20200123.html
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Unregistered
Originally posted by Unregistered View PostSaudi Arabia murdered a journalist and hacked Jeff Bezos. Trump sent them U.S. troops
https://www.inquirer.com/columnists/...-20200123.html
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