Democrats are using the Hitler analogy to warn voters the threat Donald Trump's election will pose for this country. Relax, Trump isn't Hitler. While Hitler was crazy, Trump is crazy like a fox. Just ask Megyn Kelly. Trump is only in it for the money and his German money connection may be his downfall.
According to the Wall Street Journal, while many big banks have shunned him, Deutsche Bank AG has been his financial backer. The bank has led or participated in loans of at least $2.5 billion to companies affiliated with Mr. Trump, according to a Wall Street Journal analysis of public records and people familiar with the matter. That doesn’t include at least another $1 billion in loan commitments that Deutsche Bank made to Trump-affiliated entities.
The long-standing connection makes Frankfurt-based Deutsche Bank, which has a large U.S. operation and has been grappling with reputational problems and an almost 50% stock-price decline, the financial institution with probably the strongest ties to the controversial New York businessman.
But the relations at times have been rocky. Deutsche Bank’s giant investment-banking unit stopped working with Mr. Trump after an acrimonious legal spat, even as another arm of the company continued to loan him money.
Other Wall Street banks, after doing extensive business with Mr. Trump in the 1980s and 1990s, pulled back in part due to frustration with his business practices but also because he moved away from real-estate projects that required financing, according to bank officials. Citigroup Inc., J.P. Morgan Chase & Co. and Morgan Stanley are among the banks that don’t currently work with him.
At Goldman Sachs Group Inc., bankers “know better than to pitch” a Trump-related deal, said a former Goldman executive. Goldman officials say there is little overlap between its core investment-banking group and Mr. Trump’s businesses.
In 2008, Trump failed to pay $334 million he owed on the Chicago loan because of lackluster sales of the building’s units. He then sued Deutsche Bank. Trump also attacked Deutsche Bank’s lending practices and said that as a big bank, it was partially responsible for causing the financial crisis. He sought $3 billion in damages. Deutsche Bank in turn sued Mr. Trump, saying it was owed $40 million that the businessman had personally guaranteed in case his company was unable to repay the loan. Amazingly, the company’s private-banking arm has since financed well over $300 million to Trump entities in the following years.
Perhaps that is why the Donald doesn't want to release his tax returns. Perhaps the Donald does not want the German bank to find out how bad his finances really are. The failing bank could demand to see them to make certain the loans are safe. And if there was an Edward Snowden working at the German bank and sent a copy to the Intercept or some respectable media outlet- sorry New York Times - then the House of Trump would collapse like a House of Cards.