Deutsche Bank will not do deals with Trump anymore
The last bank (other than Communist Bank of China) that was willing to deal with the Trump business just pulled out.
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Still not a BB
This is just the start. I predict that Trump's business is going to get crushed going forward, simply because so many other businesses will just refuse to work with him. If you can't refinance a loan, for example, because no bank will lend to you, you'll lose your property even if it was a fairly sound investment.
The rise of Woke Capital is a highly disturbing development. Look at what's happened to Parler in the last few days. They did have a viable business with growth numbers that would be the envy of most tech startups, but they got completely nuked almost overnight. No complex business enterprise can function if they can't maintain relationships with a large number of vendors and counterparts, and now we're learning that those can all vanish simultaneously.
It's been the case for a few years that the concentrated power of social media can destroy a person's life in hours. Now it's doing it to large companies too.
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