February 3, 2019

Why Trump's loan failure matters

Axios- In early 2016, with Donald Trump lending tens of millions of dollars to his presidential campaign, he sought a loan from Deutsche Bank, one of the few banks still willing to lend him money — and got turned down, the N.Y. Times' David Enrich, Jesse Drucker and Ben Protess scoop.

  - Among the concerns of senior officials at the bank "was that if Mr. Trump won the election and then defaulted, Deutsche Bank would have to choose between not collecting on the debt or seizing the assets of the president of the United States."

   - Why it matters: "The failed loan request ... shows that he was actively engaged in running his business in the midst of the presidential campaign, and it is likely to attract scrutiny from Democrats on two House committees that are investigating his two-decade relationship with Deutsche Bank."

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