opinion post, politics

On Deutsche Bank: LOANING MoNEY TO A BROKE BITCH

I have had my suspicions about Deutsche Bank since July 2017. I used to work at Two World Financial Center in the early aughts. I was an auditor at a Big Four accounting firm. I was going to try to use Threadreader to unroll my tweets, but my tweets are actually OLDER than Threadreader which joined Twitter in August of 2017. So I am going old school and doing a blog post.

  1. Deutsche Bank is a publicly traded company on the NYSE. The stock symbol is DB.
  2. Deutsche Bank’s private wealth division has been giving loans to Trump Organization for years.
  3. Namely, Rosemary Vrablic at Deutsche Bank’s private wealth division has approved these loans.
  4. Deutsche Bank have been loaning the Trump Organization millions of dollars for years. These loans are high risk.
  5. How it is that Deutsche Bank corporate board and stockholders are cool with giving risky loans to the Trump Organization?
  6. Did they do due diligence? Did they go over the Trump Organization’s books before approving the loans?
  7. The Trump Organization is NOT a publicly traded company. It’s not a C-Corp or an S-Corp. It’s an LLC. Their finances don’t have to be public.
  8. However, if Deutsche Bank is to lend the LLC, they should have reviewed an income statement and/or tax refunds.
  9. Anybody and their mama can set up an LLC. I am not disparaging LLCs, but a highly leveraged business like the Trump Organization makes it hard to exit.
  10. They have limited options when it comes to financing. They can’t raise money with a stock offering. There are a few options: filing bankruptcy, seek out acquisition, or get loans.
  11. Trump Org would never want to be acquired, so it has been bankruptcy or loans to stop the BLEEDING.
  12. So if Deutsche Bank flips on the Trump Organization, it’s all over. FOLLOW THE MONEY.
  13. If you have shares in Deutsche Bank ( might be in an index fund), you should be an activist shareholder and demand to know what happened.
  14. In addition, how does the accounting firm who audits Deutsche Bank’s explain the 270 million in loan forgiveness? Is it in the footnotes of the financial report.
  15. WHO LOANS MONEY TO A BROKE BITCH?!