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

Author:
Updated:
Original:

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]

Related

Donald Trump Is An Absolutely Great Client Of Wall Street: Donald Trump

They're like this...depending on your definition of "like" and "this."

DraftDimon

By Saying No To Treasury Gig, Jamie Dimon Is Only Making Donald Trump Want Him More

The #DraftDimon movement has entered its high school sex comedy phase.