Deutsche Bank Announces Loan Forgiveness Program To Celebrate Trump Defeat

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For Immediate Release

Nov. 6, 2020

New York, NY–To celebrate the defeat of Donald Trump, Deutsche Bank USA has announced it will forgive all borrowers who owe over $100 million to any of its various lending arms in commercial real estate, aviation, infrastructure, agriculture, and high technology.

The new loan forgiveness program is being initiated to celebrate the defeat of Trump, Deutshebank’s most famous borrower, Donald Trump, just in time for the historic 2020 election.

As recent news media reports have stated, Deutschebank forgave its $287 million in debt that Trump failed to repay primarily to construct a mixed-use skyscraper project in Chicago.

According to Rosemary Vrablic, Trump’s wealth manager at Deutsche Bank, “We are pleased to announce this loan forgiveness program because we are re-orienting our bank’s corporate culture. We will no longer be interested in making profits. 

“Instead, we want to atone for our predatory lending practices on unsuspecting borrowers, such as Trump, and we want to make our largesse available to all our other large borrowers, including Trump supporters. All they have to do is prove they have been indicted or are being investigated by state or federal authorities.”

Vrablic said the new loan forgiveness program would not affect her generous salary and executive compensation package or the bank’s future profitability and job security of the bank’s senior executives who let Trump off the hook for $287 million.

“As a means of atoning for our predatory lending practices against huge loan borrowers, the bank will immediately begin raising fees for all our retail clients nationwide.

“We will be making lending provisions that will increase the agreed-upon loan rates by 2% per year.  So, if an average homeowner has a mortgage with us of $200,000, they will be paying significantly more monthly to stay in their house.  If not, well, they will be out on the street,” Vrablic said.

Vrablic said this is the best course possible for the trillion-dollar bank since she was “only following orders” and had to increase the lending rates for individual borrowers to maintain bank profitability.

“This will be the next great chapter in our bank’s long history,” she said. “After all, we want to make Deutschebank great again, just like our famous borrower.  And if that screws average Americans, then…I was only following orders,” she said.

 

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Chuck Epstein has managed marketing communications and public relations departments for major global financial institutions and participated in the launch of industry-changing financial products. He also has written by-lined articles for over 50 publications, five books and served as editor and publisher of nation’s first newsletter on the topic of using the PC for personal investing and trading. (“Investing Online, 1994-1999). He also is a marketing consultant, writer and speaker on topics related to investor protection and opportunities in the very dynamic cannabis industry. He has held senior-level marketing, PR and communications positions at the New York Futures Exchange, Chicago Mercantile Exchange, Lind-Waldock, Zacks Investment Research, Russell Investments and Principal Financial. He has won national awards from the Mutual Fund Education Alliance (MFEA) and his web site, www.mutualfundreform.com, was named best small blog in 2009 by the Society of American Business Editors and Writers (SABEW).

1 COMMENT

  1. […] Trump and his family were accused of violating the emoluments clause almost immediately after he took office. Trump “is defying warnings from Republican and Democratic ethics experts and refusing to do what every previous president has done for decades — divest himself of his ownership interests, liquidate his business assets, and place them in a truly blind trust operated by an independent entity,” according to the House Committee on Oversight and Reform. […]

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