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2023-12-01 08:14:15 GMT-5
2023-12-01T13:14:15.123Z · UTC

“David Williams, a Deutsche Bank managing director who was involved in approving loans to the Trump Organization for several of its most prominent properties, testified as a defense witness. Williams said that before making the loans, Deutsche Bank did its own due diligence on Trump’s net worth and the values of his properties. When a Trump lawyer asked, ‘Is the bank capable of reaching its own judgment based on the evaluation it makes of the guarantor’s financial condition?’ Williams answered, ‘Certainly, yes.’” \nThen Williams said, ‘As part of our due diligence, we subject a client’s asset value to adjustments. It’s part of our underwriting process. We apply it to every client regardless of what’s reported.’ Trump’s lawyer asked: ‘Is a difference of opinion in asset values between the client and the bank a disqualifying factor to extend credit?’ Williams answered, ‘No.’ The lawyer asked why not. Williams answered, ‘It’s just a difference of opinion.’” https://www. washingtonexaminer.com/opinion /trump-mounts-strong-defense-in-trial-already-lost