Russian-born businessman Felix Sater confirmed that Trump Organization was pursuing a deal with a sanctioned Russian bank
Felix Sater a Russian-born businessman and associate of President Donald Trump, confirmed that the Trump Organization was pursuing a deal with a sanctioned Russian bank at the height of the 2016 election. Sater told MSNBC host Chris Hayes that a local developer in Russia worked on behalf of the Trump Organization to secure financing for a Trump Tower in Moscow from VTB Bank, Russia's second-largest bank and a US-sanctioned entity.
More info in the article;
http://www.businessinsider.com/felix-sater-confirms-trump-pursued-deal-with-sanctioned-russian-bank-2018-3
My Thoughts On This News
Oops, looks like the Trump Organization is breaking the law... when the US Government puts sanctions on foreign businesses/countries, US citizens/corporations are restricted from doing business with them. Looks like Trump is a corrupt corporatist just like most of the politicians who accept bribes from corporations. He does not care about he law all he cares about is making a profit for his businesses and if he has to go around the law to do it he will. Of course this could all be a lie and Felix Sater's statements may be false, but based on Trump's businesses history and the amount of times he has filed bankruptcy it is very likely that he would try and get loans from foreign banks. Only time will tell if more evidence is revealed....
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The big question is whether the Trump organization was finishing a deal with the Russian bank and in case they did, whether it was part of a deal that happened already before.
I wouldn't trust these whistleblowers too much, especially when they come out too late to change anything relevant. If there was a dirty deal, it should have come out before Trump was elected. That's why I think this is just another play to A) make Russia look bad and/or B) to make Trump look bad without having hard evidence and/or C) this Sater guy has money problems.
Never know, could be all of the above, I think Trump and his corporations have been involved in shady deals like this throughout his entire real estate career which he was basically born into... Finding illegal activity like this is not easy because when you have money and make business deals in various countries you can create all kinds of shell companies to avoid local/foreign laws... Trump and his organizations have never been under a magnifying glass like this (simply because he is now President) and he has been able to get away with things like this in the past.
I am very skeptical of everything I read but If you look at Trump's history and the amount of times he has gone bankrupt and the US Banks that have refused to give him loans in the past it is only natural to assume he would go to foreign banks to get loans...
But only time will tell if anything becomes of this...
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You'd have to compare his business practice of setting up independent companies with others who do it the same way to see if it is normal that this lowers the reputation (=increases the charged interest rate) or if this is a matter of Trump being a lousy business partner.
Without knowing more, going to foreign banks as a reaction to this seems to me a logic and exclusively business-related decision as I think. Unfortunately, nobody who could shed light on this cares for that part of the analysis.
It's the same with comparing Trumps financial success over the years with the S&P500 - he was as bad as that, as the MSM portrayed it and he could have simply buy the S&P500 and lean back instead of becoming a business man. Fact is, he was as good as the S&P500, an index which represents the 500 most important (=innovative) corporations of the US.
I'm not a big fan of Trump, but I think the MSM could do a much better job in criticizing him and his potentially shady deals, if they were just honest enough that he's somewhere in the grey and not only dark.
Yeah, I don't doubt there are many wealthy people who use these same business practices to bypass laws. Many get away with it because they know how to get away with it. There should be more investigations like this, but when you have money you can buy your innocents...
Trump is being watched closely now only because he is president, no one cared before, he was just another global corporatist before...
I don't know if anything will be proven by this investigation, he is worried about it otherwise he would not be tweeting about it on a daily basis about how it should be stopped...
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Indeed. And you can also buy media coverage - or the opposite. The game will never be un-rigged I guess. We can only try to see through it. Take for example the happy-divorced-dad reporting about Donald Junior in the Daily Mail et al. I wonder how much that cost him and what PR advisor had the idea for that..
Not following that, but yes, this might be a hint that he's concerned. At least it occupies his mind and not unemployment, Syria or the FED balance sheet...