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Thursday, October 08, 2020

Donald Trump owes plenty of money to oligarchs that control him

"Deutsche Bank kept writing checks, even after Trump defaulted on loans..."
Opinion echo by John Lovett, published in the Times Record, in Arkansas 

Why has Donald Trump had ultra-secret conversations with Vladimir Putin, with only his translator present?

Trump borrowed hundreds of millions of dollars from the German Deutsche Bank over the years. Even though the bank suffered massive losses from these loans, in 2011, one division inexplicably loaned him money, to pay another division off.

The million-dollar question is whether Putin or Putin-affiliated oligarchs or Putin-controlled banks had any role in this sweetheart (ca$h) deal for Trump?

Were Trump’s financial deals in Turkey part of a trade-off explaining his surprise announcement to abandon the Kurds, stunning military leaders and even his closest advisers? These brave soldiers provided the “boots on the ground” to defeat ISIS.

Trump has critically weakened the one reliable ally we had to fight ISIS in the Middle East. Al-Qaeda and ISIS are terrorist threats with global reach like never before.

Tax returns provided to the New York Times show Trump having to sell off investments to cover huge annual losses on his golf courses. 

Adding to that ongoing headache is reportedly more than $300 million in personally-backed loans coming due in the next four years.

These returns also reveal tax avoidance schemes that could result in huge penalties with the IRS, most notably if he has to repay a $72 million refund plus interest.

In question is whether the refund involves his claiming that he had abandoned his Atlantic City casinos, if in fact he still retained a 5% ownership.

To protect himself from federal and state authorities, he will destroy the integrity of the FBI and the Justice Department, just as he will corrupt any other branch of the federal government. He is doing this, not to Ukraine, but to America.

I can’t understand any principled citizen endorsing such treachery.

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