Five weeks ago, the economy guy in me went looking to see major banks were sketchy, and I found Germany's huge bank, Deutsche Bank was the standout having major troubles. I literally look up news about them every day, and it's been one lame news report after another. I think Deutsche Bank will play a big role in our next Great Recession, which will come soon.
In this The Real Deal (NYC real estate news) article, we hear that D-Bank is not only in serious trouble and thinking of a highly questionable merger, but it's the main bank loaning money to real estate developers in New York City. It's also been widely reported for months that the Trump Organization owes Deutsche Bank around $300 million.
Now of everything is legit, and the buildings built with that money are paying their loans, that's no big deal. But, if you follow the news at all, you know that President Trump, the Kushner family (Invanka's husband) and many of the people they're involved with, have a lot of sketchy deals going on. So in addition to being a huge bank that has made a lot of bad investments and been mismanaged, Deutsche Bank has heavy ties to New York City, the Trump Organization, and the president itself.
So when this recession kicks in big time, Deutsche Bank's troubles will be part of the mix, and, among other things, those troubles will have ties to New York City and President Trump's own business empire. It's weird now. It will get much weirder.
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