Rachel Maddow hammered Donald Trump on Monday with a list of his shady financial dealings with Deutsche Bank.
Citing a New York Times report, the MSNBC host said Trump “materially misrepresented his wealth and his assets and his ability to repay” loans, but Deutsche Bank continued to give him money anyway.
“Is that just the way banks operate?” Maddow asked in disbelief. “Is bank fraud still bank fraud if the bank is in on it? If they know that the person to whom they’re going to give this loan is lying to them about their ability to pay that loan back?”
“We really don’t know what was going on between Deutsche Bank and Donald Trump … over the course of their long relationship, when every other bank on Wall Street had sworn him off but Deutsche Bank kept shoveling him money,” Maddow said.
— PoliticusUSA (@politicususa) March 19, 2019
Maddow hammered Trump with a list of his shady dealings with Deutsche Bank:
He materially misrepresented his wealth and his assets and his ability to repay the loan, but eh, they decided to do it anyway. What? Who else gets to live in that world? Where do I sign up for that? I mean, first of all, what explains that? Is that just the way that banks operate? It would seem like it wouldn’t be or they wouldn’t be able to stay banks for too long. … Is bank fraud still bank fraud if the bank is in on it? If they know that the person to whom they’re going to give this loan is lying to them about their ability to pay that loan back? If the bank is in on it, then why would they do it? It’s very strange. … I mean, going along with the loan they know he was lying about was weird. The Times reports tonight that in another loan they considered for Trump early on, they discovered that somebody had forged the signature of a credit officer who supposedly had approved a deal that was going to be worth hundreds of millions of dollars to Trump. That’s a little bit of a red flag. Trump defaulted on his deals with Deutsche Bank. He lied to Deutsche Bank and they knew it. He sued Deutsche Bank to avoid paying back loans that he had taken from them. He took money from one part of the bank and used it to pay off another part of the bank. At least one banker who did multiple deals with Trump was fired from the bank apparently for misconduct. But somehow they kept managing to shove more money his way. Well over $2 billion in total.
Trump’s financial and business dealings could hurt him most
With most of the media attention is focused on the highly anticipated Mueller report, which deals with Russian conspiracy and obstruction of justice, Maddow highlighted where Trump could be most vulnerable: his finances.
Before his time in the political arena, Trump spent decades skirting the law to enrich himself and his businesses. A flurry of investigations being conducted in New York and, now, the Democratic-controlled House of Representatives, continues to dig into those areas of the president’s past.
It’s no surprise then that as the probes uncover more of Trump‘s dirt, he is increasingly unhinged. This past weekend was the clearest example yet of Trump‘s deteriorating state of mind.
While the Mueller report is expected soon, the heightened scrutiny of Trump‘s career running a criminal business enterprise could do the most damage to his presidency.
Sean Colarossi currently resides in Cleveland, Ohio. He earned his Bachelor of Arts degree in Journalism from the University of Massachusetts Amherst and was an organizing fellow for both of President Obama’s presidential campaigns. He also worked with Planned Parenthood as an Affordable Care Act Outreach Organizer in 2014, helping northeast Ohio residents obtain health insurance coverage.