Banker: We had “sanity checks” on Trump’s loans

In the New York trial of Donald Trump related to his supposed fraudulent business loans, the court heard for the first time this week from one of the supposed “victims” of the fraud. Nicholas Haigh, who served as a Deutsche Bank risk management officer when Trump was applying for the loans answered questions for the court and it really didn’t sound like he did much for the prosecution’s case. There was plenty of banking industry technical lingo being thrown around, but the claim that Trump was somehow whitewashing his worth and fooling the banks isn’t holding up under scrutiny. Sure, Trump’s team tried to fluff up his assets to get the best deal possible, but Haigh’s testimony demonstrates that Deutsche Bank isn’t stupid and they wouldn’t still be in business if they were. They examined Trump’s claims when applying for loans and even pushed back when something didn’t seem kosher. He also confirmed that all the transactions played out smoothly, just as they had expected. (Associated Press)Read More