The relationship has survived various scandals
Even Deutsche Bank has booted him.
Deutsche Bank became the latest large company to cut ties with Donald Trump, with the firm that has propped up the Trump Organization for two decades reportedly announcing it would no longer do business with the disgraced president.
…
The relationship has survived various scandals. In 2008, Trump sued the bank’s real estate division after he defaulted on a $40m repayment, used to fund the construction of the Trump International Hotel and Tower in Chicago. He accused Deutsche of co-causing the financial crisis and demanded $3bn in compensation.
Instead of dumping him as a client, Deutsche’s private wealth division stepped in and loaned him more money to pay off the existing debt. Deutsche has resisted efforts by Democrats in the House and Senate to explain its relationship with Trump – and to clarify if Russian state banks or entities underwrote some of his debts.
Totally normal business practice. “Oh you’re too broke to pay us back? Well in that case we’ll loan you more money – you can pay us out of that.”
But that was then. Now, astonished by his bad behavior, they have ushered him to the door.
NBC News also reported
Their statement
I hope that ‘no more business’ only means that they will no longer lend money to Trump, and not that they are literally ‘cutting ties’, a phrase which could suggest that the bank would rather walk away than try to recoup what he owes them. It will be a fucking travesty if his debts were to be written off as a direct result of his treason.
Signature Bank’s shareholders might have an opinion on that. But my spies tell me that Melania might also need a complete new wardrobe and a villa of her own in St Tropez, in which she could patiently and devotedly wait for The Donald to get sprung from whatever hoosegow, jug, clink or slammer they might finish up deciding to send him to.
I think they should send him to St. Helena.
To be clear, Trump owes money to Deutsche Bank, not to Signature Bank, because US banks have not lent money to Trump since his 6 US business bankruptcies. (You might read he filed for business bankruptcy 4 times, because 3 were filed around the same time, in 1992.)
New Yorkers figured out Trump’s act was bullshit in the 1980s (when I read about him in Spy magazine), then US banks figured it out (in the 1990s), and finally Deutsche figured it out. Took them long enough.
New Yorkers were laughing at Trump in the 1980s.
Fran Lebowitz was on Fresh Air yesterday and she said he was a joke in New York. That’s certainly how I remember it.
And right on cue:
How me-me-me-Melania turned herself into the real victim of attack on the Capitol.
by Arwa Mahdawi
.
https://www.theguardian.com/commentisfree/2021/jan/12/how-me-me-me-melania-trump-turned-herself-into-the-real-victim-of-attack-on-the-capitol
Arwa Mahdawi has become one of my favourite columnists at the Guardian. I’m not sure how sound she is on the trans question, but she’s as sound as can be ion the the Trump question.