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Obviates the fact that bankers giving trump loans are shady shits themselves.
The MD at DB knows full well that Trump is cooking the books, but they also know how to prevent their own compliance and credit officers from finding that out, all while pocketing a fuck ton of bonus as commission from the sale.
(Also remember that DB is up to it's neck anyway)
The loans are unlikely syndicated, so no oversight or due dilligence from other banks - except maybe, you guessed it, dodgy Russian money.
NotThamesWater-
up to it's neck
Oh, @TW...
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The MD at DB knows full well that Trump is cooking the books, but they also know how to prevent their own compliance and credit officers from finding that out, all while pocketing a fuck ton of bonus as commission from the sale.
Is this not how most financial auditors work?
kl
c00ps
https://twitter.com/kurteichenwald/status/1410676547124707336?s=24
Worth a read.