Posts Tagged ‘ President Sleaze ’

Maximum sleaze

Dec 19th, 2016 4:57 pm | By

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

Read the rest

$365 million in loans

Dec 2nd, 2016 11:00 am | By

Ok this one seems massive – Trump owes Deutsche Bank some $365 million dollars, and┬áDeutsche 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

Read the rest