Opinion: Deutsche Bank, George Conway and the black hole of Trump’s corruption
Deutsche Bank AG headquarters in Frankfurt, Germany. By Paul Waldman and Paul Waldman Opinion writer covering politics Email Bio Follow Greg Sargent Greg Sargent Opinion writer covering national politics Email Bio Follow March 19 at 3:58 PM There are varying ways to deal with President Trump and the gravitational pull of his corruption. One is exemplified by Deutsche Bank. Another is exemplified by George T. Conway III, the husband of top Trump adviser Kellyanne Conway.
But Deutsche Bank had a ravenous appetite for risk and limited concern about its clients’ reputations. Time after time, with the support of two different chief executives, the bank handed money — a total of well over $2 billion — to a man whom nearly all other banks had deemed untouchable. There’s a degree to which one is inclined to look at this story and say, “Anyone who’s dumb enough to loan money to Donald Trump deserves what they get.” Which may be true.
Mr. Cohen testified to Congress last month that the documents exaggerated Mr. Trump’s wealth. Deutsche Bank executives had reached a similar conclusion. They nonetheless agreed to vouch for Mr. Trump’s bid, according to an executive involved. “He said to me, I remember it clearly, you were smart not to work for that guy,” Conway said. “He is so weak.”
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