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Their neck in. there s also their relationship with their president. this is the trump international hotel and tower in chicago. to build this lovely tower, the president borrowed over $600 million from deutsche bank. that itself is remarkable because mr. trump as a businessman by the 2 thousands he was very famous for finding ways not to repay loans that he had taken from banks. it became part of his business image. he bragged about that and wrote about it in his books as one of his see creates to success. whenever banks loaned him money and he didn t want to pay them back or didn t have a way to bay them back he would write about how he saw that as the bank s problem. he had been bragging about it and briegt it for decades. by the time trump was boer bow, orring money for this fwhilgd chicago in 2005, there were not very many banks who wanted to do business with him anymore. ....
And by bloomberg news and it very quickly became clear in our country that this isn t just an important story for some big important bank there are is an important story for our presidency. and that s because of two important things about this particular german bank. the first important thing to know about deutsche bank in this story is that deutsche bank is up to its german neck in russian money laundering. let s say i m a russian crook. i m a thief. i grew up like practicing judo with vladimir putin or something and so he has given me leave to steal stuff, pill lathe pension funds or strip all the assets out of some formerly state-run company, right. so i m a russian bad guy. i ve got some ill gotten gains, i ve got some stolen money and i would like 10 to joy my stolen money. and so in order to to so, i have to secret those funds away somewhere where they won t get noticed by law enforcement, where they won t get taxed, and where anybody who might ....
But deutsche bank for some reason, they were happy to. they loaned him the money in 2005. by 2008, he had already started defaulting on his obligations to repay that loan. so deutsche bank came after him for a $40 million payment that he was supposed to make on that loan. he responded instead by turning around and suing deutsche bank. he said, no, no, i m not going to pay you the $40 million i owe you, instead you need to pay me $3 billion. because you caused the financial crash. it was that was insane. it was that kind of thing that had resulted in all of the other major banks who deal in major real estate loans deciding they would never again do business with the trump organization or donald trump. but for some reason, in 2008, after trump said he couldn t pay ....
Deutsche bank back what he owed them and he filed this insane lawsuit against them and tried to get out of paying them that money, for some reason after he pulled that in 2008, deutsche bank didn t decide to cut him off. they decided to give him a ton more money. they decided to double down and triple down, they started doing tons more business with him. and nobody quite knows why. and nobody quite believes that they have seen a complete or accurate statement of the president s financial situation. but as best as we can tell from around the time that he became president, deutsche bank holds the lion s share of the hundreds of millions of dollars that the president has in outstanding debt. that s deutsche bank on the far right side of your screen there the. money that they ve loaned him that he has outstanding in terms of loans with them include that loan that they kept going on that building in chicago, even after he defaulted and sued them over it. it includes loans for his golf cours ....
Is policy, it s money, it s also criminal connection dollars. a gueye named andre cos continue, somebody who vladimir putin has installed at the very top of russian state-run banking, he is thought 0 to have kgb/fsb ections of his own. putin put him in charge of a state-run bank called veb. they re famous in our own country for having sent jared kushner to meet during the transition, what was that about? but at one point had he been installed by putin as the head of veb. he later installed him as the head of tb which is another state-run bank with very close ties to russian intelligence. when did it came time for deutsche bank to staff up its office in moscow, one of the people they installed in that office was andre s son, also handedly named andre cos continue. soons documented by luke harding in collusion, the spigot turned ....