• 20 Apr 2011 at 3:52 PM

To The Untrained Eye, Donald Trump Might Appear To Be Good With Money, But Wall Street Insiders Are On To Him

By Bess Levin

Earlier this evening, I had the opportunity to get the unvarnished thoughts of a former Deutsche Bank employee familiar with Trump from this $640-million deal gone awry on the Trump International Hotel & Tower in Chicago. Trump was sued to collect on a $40-million personal guarantee that was part of the deal. Suffice it to say, the banker held a dim view of the Donald. “[The Chicago deal] was pretty minor given all the other things going on at the time. Real estate developers do default from time to time,” he said. “But this guy has been doing it for 20 years, failing. Remember the Trump Shuttle? That’s why he’ll never run. His finances just won’t hold up to scrutiny. It’s pretty well known in financial circles that this guy is a deadbeat.” [The Atlantic]

Comments (15)

  1. 1
    Posted by Texashedge | April 20, 2011 at 8:08 PM

    Only defaulting on non-recourse loans is the NKI

  2. 2
    Posted by Nails | April 20, 2011 at 8:17 PM

    Defaulting is for pussies

    Nails

  3. 3
    Posted by PassBrover | April 20, 2011 at 8:27 PM

    I’m a pole vaulter.

    Kisses,

    Ping

  4. 4
    Posted by Anonymous | April 20, 2011 at 8:36 PM

    Who should be taking the dim view of whom given that DB lent him money then said that it is widely established that he can destroy wealth faster than MC Hammer?

    “….But this guy has been doing it for 20 years, failing……It’s pretty well known in financial circles that this guy is a deadbeat.”

  5. 5
    Posted by Hide the Soap! | April 20, 2011 at 8:38 PM

    I’d vote for him if Melania and Ivanka made out. With oil. Naked.

  6. 6
    Posted by Guest | April 20, 2011 at 8:40 PM

    I still wouldn’t.

  7. 7
    Posted by CoveredLong | April 20, 2011 at 8:40 PM

    Is it really default of detrump if he keeps getting deloans from degermans at deutsche?

    …I consider him a good American – who *chooses* to blame others.

  8. 8
    Posted by guest | April 20, 2011 at 8:49 PM

    Yea! Donald, your finances suck, shit for brains!!!
    -Signed Wall Street
    Cos-Signed,
    -Long Term Capital Management
    -Enron
    -AIG
    -Countrywide Financial
    -Merril Lynch
    -Amaranth
    -UBS
    -Deutsche Bank
    -Bernard Madoff Securities LLC
    -etc, etc, etc

  9. 9
    Posted by Anonymous | April 20, 2011 at 8:54 PM

    If you keep giving him money, I’m pretty sure that makes you the deadbeat. It makes him actually kinda smart to keep getting more.

    (going to shower to get the filth off from defending Trump)

  10. 10
    Posted by Guest | April 20, 2011 at 9:11 PM

    His finances just won’t hold up to scrutiny. It’s pretty well known in financial circles that this guy is a deadbeat.

    - B. Madoff

  11. 11
    Posted by Guest | April 20, 2011 at 9:42 PM

    Try repeating that after changing money to heroine.

  12. 12
    Posted by Huge | April 20, 2011 at 9:47 PM

    Oh sure, now everyone is forgetting Trump’s legitimate years……

  13. 13
    Posted by trojan | April 20, 2011 at 10:10 PM

    when turds are calling you a turd, you know you’re a real turd

  14. 14
    Posted by Bobby Ganoosh | April 21, 2011 at 9:10 AM

    In 2010 Americans voted for foreign born an affirmative action educated community organizer with a CV as thin as TP. Even with his flaws, Trump is trade up

  15. 15
    Posted by MegaCynic | April 21, 2011 at 10:07 PM

    Do you mean the years before he got his inheritance?

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