BREAKING NEWS!

  Financially, apparently - Donald Trump was, is, a mirage billionaire.......

Not a secret in banking circles, but not talked about publicly   - until yesterday!...........DONALD TRUMP and his family are deeply in debt with huge loans coming due in the next 18 months - reportedly $460 million.

Deutsche Bank is looking for ways to end its relationship with President Donald Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties, according to three senior bank officials with direct knowledge of the matter.

Deutsche Bank plans to cut ties with Trump after the election and could seize his assets if he can't pay back his debts, Reuters reports

      Deutsche Bank has about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons, according to filings made by Trump to the U.S. Office of Government Ethics in July and a senior source within the bank. The three loans, which are against Trump properties and start coming due in two years, are current on payments and personally guaranteed by the president, according to two bank officials.

In meetings in recent months, a Deutsche Bank management committee that oversees reputational and other risks for the lender in the Americas region has discussed ways in which it could rid the bank of these last vestiges of the relationship, two of the three bank officials said. The bank has over the years lent Trump more than $2 billion, one of the officials said.

Son-in-law Jared Kushner's name is listed as a partner with Trump on two of the loans.

At one time, Deutsche Bank had loans of over 2 billion dollars with Trump, one of which he defaulted on........It is also well known that everyone of Trump's golf course resorts are bleeding money, far from making profits.

The German publication Der Spiegel, quoted a former Deutsche Bank official to the effect that, in reality, Trump may have a negative net worth, once all of his loans come due.,,,,even then he will be saddled with a portfolio of money-losing golf courses and resort properties.

       The Wall Street Journal, yesterday November 7th, urge Trump to concede and leave the White House 'gracefully'.

FOX NEWS chairman, Murdoch, urged Trump " to leave the White House with 'dignity'.

Max Zahn 

Reporter

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Yahoo Finance•November 6, 2020

Trump ally Stephen Moore says his refusal to concede would carry economic 'costs'

Economist Stephen Moore, a longtime ally of Donald Trump who advised his 2016 presidential campaign, said on Friday that it would harm the nation’s economy if Trump delays the election process by refusing to concede.