Donald Trump

[Mr Kobayashi]

Oh I don’t know that it was Mazars. I suspect they may have been lied to by Trump’s people. Or they may have ignored red flags. Or been incompetent. Not sure they are crooks — obviously trying to protect themselves so they don’t turn into Arthur Andersen.

So Arthur Andersen weren't crooks? :)

 

[FogBlueInSanFran]

So Arthur Andersen weren't crooks? :)

Well, again, we don’t know all the nuances. What I mean is they don’t want to their firm effectively barred from practicing.

In fact, entirely possible they’re cooperating with the DA now because they themselves got snowed.

Also I should make clear — these are Trump’s personal financials — which may or may not be similar to TTO’s (but I’d assume they are).

Heres Conway’s take which may or may not be accurate as might a wealth of other speculative comments:

 

[Trevor Morley's Tache]

Oh I don’t know that it was Mazars. I suspect they may have been lied to by Trump’s people. Or they may have ignored red flags. Or been incompetent. Not sure they are crooks — obviously trying to protect themselves so they don’t turn into Arthur Andersen.

I think they are screwed either way. Even if they didn't knowingly cook the books for him they allowed themselves to be manipulated by a two-bit conman with a reputation for shady financial practices. EVERYONE in New York knew he was dodgy and Mazars seemingly took him at face value without proper scrutiny. Their reputation is shot.

Lets just hope they dish up a trove of evidence and documents that CLEARLY shows that the Trump Org misled them, hopefully with Trump's signature all over them. This is really their only hope of a reprieve.

 

[FogBlueInSanFran]

I think they are screwed either way. Even if they didn't knowingly cook the books for him they allowed themselves to be manipulated by a two-bit conman with a reputation for shady financial practices. EVERYONE in New York knew he was dodgy and Mazars seemingly took him at face value without proper scrutiny. Their reputation is shot.

Lets just hope they dish up a trove of evidence and documents that CLEARLY shows that the Trump Org misled them, hopefully with Trump's signature all over them. This is really their only hope of a reprieve.

Could be. Too early to tell. And recall — I’m not sure of exactly how TTO and Trump himself are precisely linked but these are Trump’s personal financials were are talking about here — the financials they used to base his returns on. If he misled his tax preparers and his returns were used as a basis for what he paid to taxing authorities and as a basis for money he borrowed from Deutsche, the transitive property suggests both can go directly after him either civilly or criminally or both.

Recognize I know for a fact that 30 years ago Trump refused to provide his returns to a major lending institution and was denied a loan because he wouldn’t provide them (not that he would have gotten one anyhow). So Deutsche may have waived asking, which is, of course, almost inconceivably stupid but they have a track record of being inconceivably stupid as a bank.

 

[Trevor Morley's Tache]

Could be. Too early to tell. And recall — I’m not sure of exactly how TTO and Trump himself are precisely linked but these are Trump’s personal financials were are talking about here — the financials they used to base his returns on. If he misled his tax preparers and his returns were used as a basis for what he paid to taxing authorities and as a basis for money he borrowed from Deutsche, the transitive property suggests both can go directly after him either civilly or criminally or both.

Recognize I know for a fact that 30 years ago Trump refused to provide his returns to a major lending institution and was denied a loan because he wouldn’t provide them (not that he would have gotten one anyhow). So Deutsche may have waived asking, which is, of course, almost inconceivably stupid but they have a track record of being inconceivably stupid as a bank.

NY AG appears to have played an absolute blinder in that she has basically laid it on the table and told Mazars that she has them on the hook and that they need to start setting the record straight.

 

[Gareth Barry Conlon]

Could be. Too early to tell. And recall — I’m not sure of exactly how TTO and Trump himself are precisely linked but these are Trump’s personal financials were are talking about here — the financials they used to base his returns on. If he misled his tax preparers and his returns were used as a basis for what he paid to taxing authorities and as a basis for money he borrowed from Deutsche, the transitive property suggests both can go directly after him either civilly or criminally or both.

Recognize I know for a fact that 30 years ago Trump refused to provide his returns to a major lending institution and was denied a loan because he wouldn’t provide them (not that he would have gotten one anyhow). So Deutsche may have waived asking, which is, of course, almost inconceivably stupid but they have a track record of being inconceivably stupid as a bank.

I think what went on here is Mazars provided a representation of what DTs financial position was and that was used to obtain finance, but it wasn't his actual returns. Mazars have now been dragged in and have had to accept that the information they were given was wrong and therefore the financial reports they prepared have been withdrawn.

The obvious implication is that any lending based on those reports would be defaulted and called in.

That said I suspect Trump has long ago repaid any conventional funding and has loans from Banks ultimately owned by foreign malign actors (Russia/China/Saudi). They wont call in the loans as its not about risk/return, those loans are leverage. Big questions around the timing of these loans if this is true and how it was squared off around him being POTUS.

All will come out in the end.

 

[Trevor Morley's Tache]

I think what went on here is Mazars provided a representation of what DTs financial position was and that was used to obtain finance, but it wasn't his actual returns. Mazars have now been dragged in and have had to accept that the information they were given was wrong and therefore the financial reports they prepared have been withdrawn.

The obvious implication is that any lending based on those reports would be defaulted and called in.

That said I suspect Trump has long ago repaid any conventional funding and has loans from Banks ultimately owned by foreign malign actors (Russia/China/Saudi). They wont call in the loans as its not about risk/return, those loans are leverage. Big questions around the timing of these loans if this is true and how it was squared off around him being POTUS.

All will come out in the end.

Can Deutsche Bank afford to call in his loans?

His assets have been way over valued, so it's likely he doesn't have enough capitol to cover what is owed.

 

[Gareth Barry Conlon]

Can Deutsche Bank afford to call in his loans?

His assets have been way over valued, so it's likely he doesn't have enough capitol to cover what is owed.

I think Deutsche has been repaid. Its not information in the public domain but my suspicion is that wile he was POTUS the debt was all refinanced by dark money channelled through lenders linked to foreign governments.

 

[Mr Kobayashi]

Can Deutsche Bank afford to call in his loans?

His assets have been way over valued, so it's likely he doesn't have enough capitol to cover what is owed.

I see what you did there. :)

 

[mat]

I think Deutsche has been repaid. Its not information in the public domain but my suspicion is that wile he was POTUS the debt was all refinanced by dark money channelled through lenders linked to foreign governments.