Trump owes millions to banks lobbying the government

What we have here is a deeply crooked man occupying the White House. The question is–why wasn’t the press vigilant before he won the election last year?

Financial disclosure documents released Friday by the Office of Government Ethics shed new light on President Trump’s finances, even as he refuses to release his tax returns. The documents show that Trump owes hundreds of millions of dollars to major financial institutions — some with business before Trump’s administration.

According to section 8 of the disclosure documents, Trump lists liabilities with 10 creditors. The minimum amount he owes is $315 million. Based on the maximum amounts listed, he could owe more than half a billion dollars to the creditors.

Among Trump’s largest creditors is Deutsche Bank, which has faced requests from Democrats to explain its lending to Trump. Deutsche Bank earlier this month rejected that request.

According to lobbying records, Deutsche Bank in 2017 has been pressing federal officials on “issues related to Dodd-Frank Act reform” and “issues related to the regulation of foreign banks.” Trump has pushed to repeal key portions of the Dodd-Frank legislation that was passed in the wake of the 2008 financial crisis.

Author: 99er

I'm a political activist dedicated to ending two-party rule in America.

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