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Politics : Formerly About Advanced Micro Devices

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To: Land Shark who wrote (1426800)11/30/2023 10:02:12 AM
From: Sdgla  Read Replies (1) of 1571405
 
Here bitch : Deutsche Bank Actively Sought Out Trump’s Business, Former Managing Director Testifies in NY Civil Trial
A former banker with Deutsche Bank's private wealth management team has provided details on how the relationship with the Trump Organization grew over time.
Ms. Vrablic gave assurances to Mr. Byrne about the strength of President Trump's assets, namely condo units in the New York hotel that she said in one email were “selling like hotcakes.” When asked about the nature and purpose of this communication, Ms. Vrablic described the market’s desire for these assets as an obvious factor in the bank’s assessments of Mr. Trump’s net worth and credit risk.
Ms. Vrablic also acknowledged an email she wrote to Ivanka Trump on Aug. 7, 2014, in which she called Donald Trump one of the top ten revenue-generating names with whom the bank did business and said that she and her colleagues were “thrilled” at how the relationship was going.

Though she did not state it in quite as many words, Ms. Vrablic’s testimony was obviously intended to illustrate that Deutsche Bank actively courted the Trump Organization's business, a step that the bank would not have taken if it considered President Trump's net worth net worth or credit worthiness to fall below its minimum expectations.

NEW YORK—The civil fraud trial of former President Donald Trump ground onward Wednesday as defense witness Rosemary Vrablic, a former managing director of Deutsche Bank, explained how, under direct orders from her superiors, she actively sought to expand the global bank's business relations with the Trump Organization and give it a central role in his ambitious real estate ventures. Throughout the trial, the government lawyers have sought to depict President Trump—along with his sons and daughter, who are not defendants but have testified at length—as real estate grifters who exaggerated the value of President Trump’s assets in the hope of securing better terms for bank loans and insurance policies. In her Wednesday direct examination, Ms. Vrablic described how her superiors at Deutsche Bank repeatedly encouraged her to woo the Trump family and court their business—not the other way around. Her statements affirm the general gist of the former president’s testimony on the stand earlier this month and that of Eric, Donald Jr., and Ivanka Trump. Often cited during the direct examination were emails from her superiors requesting that she take steps to bring President Trump and his organization closer into the Deutsche Bank fold and treat members of the organization as VIPs.
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