re: #217 Nerdy Fish

Indeed.

It’s like if any of us here were seeking a home mortgage, and instead of a credit report that pulled your actual bank account and credit card history, and the requirement to show your real property holdings and valuations to give the bank a baseline on what they would be willing to lend, you simply tell them that you’re worth $1.5 billion. Take my word for it.

Deutsche Bank did just that. They ignored all the red flags. They lent to him, and continued lending, because once they were eyeballs deep in the mess, they had no choice but to continue because otherwise they’d run afoul of all kinds of problems and take a huge hit on loss because if they had a squeeze like the 2009 banking crisis, there wouldn’t be enough value in Trump businesses to cover the loans.