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That may be true, but the loans that Trump has with Deutsche Bank are personally guaranteed—meaning that if the president is unable to repay them, Deutsche Bank would be able to come after the personal assets of the president of the United States to settle the debt. We’re looking at the possibility of a face-off between the most powerful politician on Earth and a German bank that has struggled financially in recent years and run into trouble with U.S. law enforcement and bank regulators—all in the shadow of a global crisis. This is pretty much the worst-case scenario posited by ethics experts when Trump took office and refused to sell off his assets. .

via Trump Asks Deutsche Bank and Palm Beach County to Give His Businesses a Break – Mother Jones

When Donald Trump took office, he refused to divest from his business empire, setting the stage for a presidency riddled with conflicts of interest. The coronavirus outbreak, which has battered the hospitality sector, including the president’s collection of hotels and resorts, raised the unprecedented question of whether the federal government might help to bail out Trump’s company. But a provision Democrats inserted in the $2 trillion rescue package that could be passed by the Senate on Wednesday would block the Trump Organization from accessing the biggest pot of rescue funds.

The measure prohibits companies owned by the president, vice president, and other federal officeholders from receiving aid from the $500 billion fund, overseen by Treasury Secretary Steven Mnuchin, that is allotted for helping ailing businesses. Also excluded from receiving a federal handout from this fund are companies owned by the spouses, children, or in-laws of these officials—a provision that seems targeted at presidential son-in-law Jared Kushner, who retains a stake in his family’s company, which has struggled in recent months. (A final draft of the bill hasn’t been released, but a legislative draft includes the conflict-of-interest language.)

via Democrats Are Trying to Block Trump’s Company From Getting Bailout Money – Mother Jones