If President Trump's re-election bid falls short, would he set his sights on getting back into real estate full-time? At least one New York banker doesn't think he could even if he wanted to.
The banker, who remained anonymous, told The New Yorker's Jane Mayer that Trump is "done in the real estate business" because "no bank would touch him," likely leaving him without the capital necessary to get back in the game. The banker reportedly believes that even Deutsche Bank — which Mayer notes is, "notoriously, the one institution that continued loaning money to Trump in the two decades before he became president" — would shy away from reviving their relationship. "They could lose every American client they have around the world," the banker said. "The Trump name, I think, has turned into a giant liability."
Perhaps in some parts of the country where Trump has achieved strong political support, or in other parts of the world where he's received warmly, his name could still be a draw, the banker said. But it sounds like Trump would probably have to adapt his strategy in some way, rather than pick up where he left off. Read more at The New Yorker.
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