Tag: President Sleaze

  • Maximum sleaze

    Good lord.

    Think Progress reports:

    The Embassy of Kuwait allegedly cancelled a contract with a Washington, D.C. hotel days after the presidential election, citing political pressure to hold its National Day celebration at the Trump International Hotel instead.

    A source tells ThinkProgress that the Kuwaiti embassy, which has regularly held the event at the Four Seasons in Georgetown, abruptly canceled its reservation after members of the Trump Organization pressured the ambassador to hold the event at the hotel owned by the president-elect. The source, who has direct knowledge of the arrangements between the hotels and the embassy, spoke to ThinkProgress on the condition of anonymity because the individual was not authorized to speak publicly. ThinkProgress was also able to review documentary evidence confirming the source’s account.

    In the early fall, the Kuwaiti Embassy signed a contract with the Four Seasons. But after the election, members of the Trump Organization contacted the Ambassador of Kuwait, Salem Al-Sabah, and encouraged him to move his event to Trump’s D.C. hotel, the source said.

    After the election. After the election, members of Trump’s company pressured a foreign government to spend money on their product at the expense of a rival company. Jimmy Carter sold his god damn peanut farm, and Trump and his peons do this!

    Kuwait has now signed a contract with the Trump International Hotel, the source said, adding that a representative with the embassy described the decision as political. Invitations to the event are typically sent out in January.

    Abdulaziz Alqadfan, First Secretary of the Embassy of Kuwait, told ThinkProgress last week that he couldn’t “confirm or deny” that the National Day event would be held at the Trump Hotel. Reached again Monday afternoon, Alqadfan did not offer any comment. An email sent directly to Ambassador Al-Sabah was not immediately returned.

    Well, eventually it will be confirmed or denied, because otherwise people won’t know where to go.

    The apparent move by the Kuwaiti Embassy appears to be an effort to gain favor with president-elect through his business entanglements, and it appears to show Trump’s company leveraging his position as president-elect to extract payments from a foreign government. The latter, according to top legal experts, would be unconstitutional and could ultimately constitute an impeachable offense.

    If the Republicans in Congress have enough integrity. That seems highly unlikely.

    The Trump Organization’s pressure campaign has not been limited to Kuwait. The country was targeted as part of a larger effort by the Trump Organization to lure lucrative diplomats to the Trump International Hotel.

    It’s working.

    Kuwait cancelled with the Four Seasons a few days after the Trump International Hotel held an event for diplomats, reported the Washington Post, encouraging them to patronize the hotel.

    I remember blogging that story in the Post. It was a startling news item.

    Less than two weeks after that event, Politico reported that Bahrain, another Middle Eastern monarchy, would host its National Day reception at the Trump hotel on December 7.

    That is so fucking sleazy. Look at it. The name of the god damn president attached to the hotel where a foreign country is throwing a bash. It’s revolting.

    Congressman Jim McGovern (D-MA) harshly criticized the Bahrain event, writing in a letter to Trump that he should “reject all business income from the Bahraini monarchy and all other foreign governments.” McGovern wrote that Trump’s “private commercial dealings with a repressive governments” endanger the fundamental principle that the president will “act solely in our country’s interests.”

    The Republic of Azerbaijan also recently co-hosted a Hanukkah party at the Trump hotel, despite the anti-Semitic undertones of the Trump campaign. Rabbi Rick Jacobs, president of the Union for Reform Judaism, blasted the decision as “tone deaf at best, naked sycophancy at worst.”

    Ugh, god, this is making me feel sick.

    Trump contributed to the impression that his businesses and administration are intertwined by naming three of his children to his transition team, while also saying that the children will manage his companies.

    Trump planned to explain in a press conference this month how his businesses would operate after he assumes office, but he has postponed the announcement indefinitely.

    Ivanka, Eric, and Donald Jr., meanwhile, have all been featured in public transition events. The transition team handed out a photo of Ivanka meeting with the Japanese Prime Minister Shinzo Abe, and a summit with a group of top American tech leaders held last week featured all three Trump children perched at the head of the table.

    Was that appropriate? Having his children / company managers sitting in on that meeting with the tech people? Of course not. He’s not supposed to share his presidency with his kids, and he’s not supposed to mix his business with his presidency. It’s inappropriate from both directions. It’s grotesque. IT IS GROTESQUE.

    They should not have been there.

    Although the president is exempt from some conflict-of-interest laws, the Congressional Research Service recently identified nine federal conflict of interest and ethics provisions that could apply to the president.

    One looms large over the apparent hotel deal with the Kuwaitis: The Emoluments Clause of the Constitution, which prohibits the president from receiving money from a foreign government or head of state.

    According to Democratic and Republican legal experts, such a payment is not only unconstitutional, it’s an impeachable offense.

    Putin wanted to make the US a laughing stock. He won.

  • $365 million in loans

    Ok this one seems massive – Trump owes Deutsche Bank some $365 million dollars, and Deutsche Bank is in big trouble with the US Department of Justice.

    Uh oh.

    In 2013, Trump signed a 60-year lease for the building, once the headquarters of the U.S. Post Office, and began a $200 million renovation to turn it into an upscale hotel with the help of loans from Deutsche Bank, a large German bank.

    Trump’s financial disclosure reports, viewed by NPR, show he currently owes Deutsche Bank roughly $365 million in loans for the Washington hotel, another one in Chicago and a Florida golf course.

    Deutsche Bank is one of the large global banks investing in and betting on real estate around the world. So it makes some sense it would be exposed to Trump, says Simon Johnson, a professor at MIT’s Sloane School of Management. He says Trump has had a relationship with the Frankfurt-based bank spanning nearly two decades, and it is his largest financial backer.

    But Johnson says Deutsche Bank is in deep trouble with the Justice Department over a number of allegations.

    And Donald Trump will be overseeing that very department.

    “The tip of the iceberg is a particular fine by the Department of Justice, a large fine with the opening numbers around $14 billion, with regard to how they created and sold mortgage-backed securities before 2008,” he says.

    There are private negotiations underway over the amount of that fine, Johnson says, with the bank and the German government pushing back.

    He says this sets up a huge conflict of interest for the president-elect: Once Trump takes office, he will be overseeing the Justice Department, which in turn is negotiating a fine with his biggest lender.

    “Does it look bad? Does it look like exactly someone might cut Deutsche Bank a deal because they want their boss’s boss to be happier? Yeah, absolutely, of course,” Johnson says. “And that’s why we try to avoid the appearance of a conflict of interest.”

    There’s that extra three words again – the appearance of. Couldn’t “we” try to avoid conflict of interest, period, and assume the appearance will naturally follow? I don’t want the fuckers to hide the payoffs and backroom deals, I want them to not have them.

    Richard Painter, a former chief White House ethics lawyer in the George W. Bush administration, says it would be best if the case were resolved under the Obama administration.

    Well, no, it would be best if Trump and all his relatives simply got out of his business – sold it off and invested in Treasury bonds.

    But Painter, now a law professor at the University of Minnesota, says even if the case against Deutsche Bank can be resolved, there are a host of other potential conflicts surrounding the Trump International Hotel — such as guests staying there as a way to curry favor with Trump.

    “The foreign diplomats who are coming in to stay at the hotel at the expense of their governments could create a very serious issue for the president [-elect] under the emoluments clause of the Constitution,” he says.

    But the Republicans will refuse to do anything about it, and get away with it for at least a couple of years, and this squalid situation will go on and on and on. It’s disgusting.

    Steven Schooner, with the George Washington University Law School, says Trump’s lease with the hotel — which NPR has seen — should be terminated immediately, because the terms of that lease say so.

    “The contract specifically says that no elected official of the United States government shall be party to, share in or benefit from the contract. It couldn’t be any more clear than that,” he says.

    But will the lease be terminated? I doubt it. The people in charge seem to be letting this proceed without let or hindrance.