President Trump leaves 10 Downing Street in central London on December 3, 2019. (Photo by ALASTAIR GRANT/POOL/AFP via Getty Images) POOL/AFP via Getty Images For all the talk about Donald Trump’s debt, most of his loans are actually in decent shape. They’re pledged against valuable assets, which throw off big profits. But there are exceptions. Chief among them: The president owes an estimated $340 million to Deutsche Bank—all of which is mortgaged against troubled properties. No wonder the German bank is reportedly eager to sever ties with the president. A Deutsche Bank representative declined to comment on the record for this story. The bank has been in a similar situation with Trump previously. In 2005, the lender agreed to extend him $640 million so that he could build a 92-story skyscraper in Chicago. Trump opened the building in 2009, while the world was still reeling from the Great Recession. One day before the Deutsche Bank loan matured, Trump sued the bank for $3 billion in damages, claiming it had helped cause the financial crisis. Eventually, the two parties made up, and the bank agreed to loan Trump more money against the property. As the country now con… Click below to read the full story from Forbes
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