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Donald Trump sued by bank
Macau News.Net
Saturday 29th November, 2008
Deutsche Bank Trust in New York has sued developer Donald Trump.
The group has said Trump failed to honour a loan guarantee for his Chicago skyscraper, the Trump International Hotel & Tower.
In turn, Trump has sued Deutsche Bank in New York, claiming it and a consortium of lenders wrongfully refused to extend the November 7th maturity date of the $640 million loan.
In the new suit, Deutsche Bank says it is owed a $40 million personal guarantee made by the billionaire developer.
But Trump's attorney has said his client will fight Deutsche Bank in court.
Trump claims the loan deadline should have been extended because of forces beyond his control, meaning the global financial crisis.  Email this story to a friend
Comments on this story
cowboy682222
11-30-08, 12:19 PM |
Donald Trump sued by bank
DONALD TRUMP IS MAKING THINGS HAPPEN, THIS IS A GREAT STORY,AND HE WILL WIN..
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bongo
11-30-08, 10:53 PM |
What is 40 million to Donald Trump? He always claims he has hundreds of millions. Billions I guess. If he personally guaranteed something he should just pay up. Just like paying your bookie when you have a bad week and lose $750 or $2750 or $11,000. Whatever your level, you lose and you pay (if honorable).
Don’t tell me Donald Trump is not honorable!
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Where'sthemoney
12-01-08, 09:03 AM |
Trump sued by bank
If he had the money I’m sure he’d pay......He is just like the rest of the US in trouble......He spent more than he made.....Nothing new.....I wonder if the gov is going to bail him out?
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ms. helga
12-01-08, 05:23 PM |
I am from Berlin
http://www.thewashingtonnote.com/archives/david%20axelrod.jpg
http://www.armageddononline.org/image/hitler.jpg
Please note how much Adolph Hitler looks like David Axelrod. I should know- I was born in Berlin.
Ms. Helga
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