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What Next - The Bank That Holds Trump’s Financial Secrets

Slate News

Slate Podcasts

News, Politics, News Commentary

4.56K Ratings

🗓️ 3 May 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

Deutsche Bank was the one lender that couldn’t quit Donald Trump. Now the bank holds the key to understanding President Trump’s finances.

Guest: David Enrich, finance editor for the New York Times.  

Podcast production by Mary Wilson, Jayson De Leon, and Anna Martin, with help from Samantha Lee. 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

David Enrich of the New York Times has been hunting down these videos.

0:09.1

I've been looking for them and looking for them and looking for them for months and months and I cannot find them.

0:14.8

These are promotional videos for Deutsche Bank, the kind they might show to a new client, a high roller they're trying to recruit.

0:23.1

Donald Trump makes an appearance in them. Ivanka does, too.

0:26.5

The ones with Trump at this golf tournament I've had described to me by one of the people who actually shot the videos, which is fascinating because the person's asking questions of Trump, like, why do you like Deutsche Bank?

0:35.8

And he comes back with this, you know, just a disarmingly candid response, which is, you know, I love them because they're so fast.

0:49.0

By fast, he means they just sign off on the loans without paying a whole lot of attention.

0:53.4

They quickly process it, which is great for Donald Trump, not always the best sign if you are

1:00.3

the bank that is dispensing those loans.

1:03.0

You generally want to take your time and assess the risks and study people's financial

1:08.6

histories and things like that.

1:11.0

Over two decades, this bank lent Donald Trump more than $2 billion.

1:16.5

So Trump would treat these bankers as his friends, almost as his family members.

1:20.5

He'd fly them all over the country.

1:21.9

He'd take them to boxing matches.

1:23.6

He'd invite them to be his guests at the U.S. Open.

1:26.3

And he'd correspond with them.

1:27.7

I mean, I've seen one example of Trump writing a note in his signature Black Sharpie

1:33.2

to one of his Deutsche Bank bankers where he thanks him for just being such a great friend

1:37.8

with all the loans he's providing.

1:39.4

And that same banker's father actually received a handwritten note from Donald Trump,

1:46.2

thanking him for raising such a great son.

...

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