S4 E9 — Did the Luck of the Irish Run Out This Time for Old Orange Hair?

Enter Deutsch’s rainmaker, Rosemary Vrablic. In 2014, Trump and Ivanka sat down with Vrablic. DBTCA—soon agreed to lend $170 million to the Trump Old Post Office LLC, a newly incorporated company in Delaware. But, Trump was personally on the hook for most of the money, this time.

The Tau of Steves: What You Don’t Know Could Fill a Book

“5”  Steve Kerr, 54: “Evidence tells the story of the detective who collected it. True facts can be arranged to form untrue stories. Just because a thing can be proven doesn’t mean it’s the only or the fullest version of the truth.” Libra

Hi and welcome to Thursday’s 9th Episode in Season 4 of  Our Disruptively Resilient Year” on this 17th day of March in the spring of 2022.

We concluded the three-year examination of how bits of wisdom changed — during the “normal” pre-pandemic year compared to the pandemic year, and more recently to the paradoxically normal year. 

Season Four continues now within domestic and global chaos.

Previously in Season Four, The Disruptively Resilient Year

S4 E8A Suicide and an Epic Trail of DestructionS4 E7And What’s Up with the Justice Department?S4 E6Hey Listen Up. Is This What You Need to Succeed?

Related from Season Three, the Paradoxically Normal Year

S3 E9Melancholy and Undercover Brooklyn Moms Know Best; S3 E8Wait, You’re Saying I Should Read It Again?; S3 E7Who Can Resist Ricky Gervais Calls in this Paradoxically Normal Year?; S3 E6What’s the Half Life of Wisdom?

Related from Season Two, the Pandemic Year

S2 E9Blame It On Your D4DR Gene, Not Me!; S2 E8How Does the Entangled Fish Hook Theory of Creativity Work?; S2 E7Smart Moves and Shifting Opportunities; S2 E6No We Don’t Share Your Precious Little Frickin’ Data;

Related from Season One, the Normal Year

S1 E9Day 9 of My 1-Year Experiment; S1 E8Day 8 of My 1-Year Experiment; S1 E7 Day 7 of My 1-Year Experiment; S1 E6Day 6 of My 1-Year Experiment

Context

Follow the money is what David Enrich does in “Deutsche Bank Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction”

Remember the controversy over that castle-like structure which had been the U.S. Postal Service Building? Back before Trump had fake questioned President Obama’s place of birth the Trump Organization felt, “(T)he National Historic Landmark was a colossal waste of a beautiful property in a prime location.”

Enrich explains how in 2011 the Trump Organization proposed transforming the building into a luxury hotel to the U.S. General Services Administration with:

260 rooms, a ballroom, a spa, restaurants, shops, 315-foot clock tower afforded panoramic views of the entire capital.

Trump had been in negotiations with Deutsche for two other loans — Doral and Chicago — when in February 2012, the GSA named him the winner.  Trump took on a business partner, billionaire Tom Barrack running Colony Capital.

The deal called for the partners to pony up with $200 million.  Enrich details the transaction — invest $200 million, sixty-year lease, and pay $3 million a year.

Penciling it out, it became clear that the hotel …

… would have to charge an exorbitant $700 a night Colony Capital, with its deep well of funds from private investors, soon backed out. That left Trump on the hook for the $200 million

Remember all the speculation about how indebted Trump was during and after his time in office?

Enter Deutsch’s rainmaker, Rosemary Vrablic.

    • In 2014, Trump and Ivanka sat down with Vrablic. DBTCA—soon agreed to lend $170 million to the Trump Old Post Office LLC, a newly incorporated company in Delaware.
    • But, Trump was personally on the hook for most of the money, this time.
    • As far back as 2009, Trump’s son Don Jr. had started a company,
    • By 2011, the business was unraveling — $4 million mortgage, repayable in three years.

Maybe not money laundering, but more like a shell game using LLC’s instead of cups and a ball. 

Elder Trump used a specially created LLC—DB Pace Acquisitions—to buy the loan from Deutsche Bank (hence the DB).  Don Jr. predictably defaulted, DB Pace foreclosed on the warehouse, keeping it in the hands out of reach of Titan Atlas’s other creditors.

Meanwhile, Jared had worked with Vrablic’s group.

He owned The New York Observer, an influential weekly tabloid,

In 2015, Vrablic’s group extended a $15 million personal credit line to Jared and his mother, largest lending facility they had, (But, they) quickly borrowed $10 million at a very favorable interest rate, because the loan was coming due. 

Which brings the story up to the presidential campaign.

Trump was pumping huge sums of his own money into his presidential campaign, and rustling up the cash to repay Deutsche for the maturing loan.  On August 7, an entity called Trump Endeavor 12 LLC took out a new $19 million loan from Deutsche.

Evidence

Aside from wearing green and engaging in a fun pup crawl we might draw inspiration from the Holiday Tau curated for today.

Holiday Theme for The Day:

Saint Patrick of Ireland was kidnapped, enslaved and starved before finally being reunited with his family and ultimately leading his people to overcome horrific circumstances. With such heroic grit at the heart of the story, the role of luck is debatable here. In celebrating the luck of the Irish, we also celebrate fortune’s favoritism of perseverance.

“5”  Steve Zahn, 51: “The backup plan is taking up too much room. It’s like an unused computer program occupying valuable megabytes that could be spent on a program you do use.” Scorpio

So are you saying the effort I’ve made to lay down the links to stories, before I launch the real plan, doesn’t yield the return on effort I’ve spent?  Hmm.  I may need to take your Holiday Tau and combine it with Winwood, Wonder, and Colbert’s to form a more meaningful TauBit of Wisdom I can use.

Random ones that make me want change my sign.

“5”  Steve McQueen (1930 – 1980): “Anger is a searing emotion that is dangerous to wield yet hurts to hold on to. Sometimes you just have to drop it like it’s hot. It is! Don’t get burned. What would it take to cool this off?” Aries

I see somebody in a red hat and a scruffy beard from 100 yards away and I’m triggered.  My anger begins to boil.  It’s not until I can name it as I walk along in rhythm on Olympia bordering the north shore of our lake, that I can detach from it and drop it.  In almost every case I cool down as we meet and pass with a smile and a nod.

“4”  Steve Winwood, 71; Stevie Wonder, 69; Stephen Colbert, 56: “The challenge gets harder. This is happening right on time — you were in danger of becoming bored, or worse, letting your skills get dull. Now you have something to sharpen yourself on and exciting reason to try your best.” Taurus

Look, three seasons between 2019 to 2022 turned out to be such a long haul, that yes I became dangerously bored.  If I can keep up my daily publishing commitment in such away that the lyrics keep on coming efficiently that I can now turn to the rhyming and rhythms.  More to come.  And hum.

“4”  Steve Smith, 30, Stevie Nicks, 72: “As you are well-aware, things are not always what you expect. Anticipation can be half the fun — sometimes it’s 90% of it. For this reason, you savor these moments of not knowing what’s coming next.” Gemini

Sure, I’d say you nailed it for me on a professional career level and in my personal life, but on the national and now international stage, I’m not amused or savoring what comes next.

“5”  Steve Kerr, 54: “Evidence tells the story of the detective who collected it. True facts can be arranged to form untrue stories. Just because a thing can be proven doesn’t mean it’s the only or the fullest version of the truth.” Libra

I believe this is exactly what stories about the mafia and the twice impeached, disgraced former president lead us to believe.  At least political operatives spin so much untrue stories about the facts and repeat them over and over again that roughly half of our population believes the opposite of what can be proven.

What’s Going On

Literally Bottled and Set Adrift from KnowWhere Atoll

    • @KnowLabs suite of 36 digital magazines according to my analytics, grew from 12148 this week to 12252 organically grown followers.
    • Orange County Beach Towns 236 viewers stopped by the week before.

Foresight

Quality-of-Life

Long-Form

    • “The Last Leonardo: The Secret Lives of the World’s Most Expensive Painting” by Ben Lewis. Review: “In 2017, Leonardo da Vinci’s small oil painting the Salvator Mundi was sold at auction. In the words of its discoverer, the image of Christ as savior of the world is “the rarest thing on the planet.” Its $450 million sale price also makes it the world’s most expensive painting. For two centuries, art dealers had searched in vain for the Holy Grail of art history: a portrait of Christ as the Salvator Mundi by Leonardo da Vinci. Many similar paintings of greatly varying quality had been executed by Leonardo’s assistants in the early sixteenth century. But where was the original by the master himself? In November 2017, Christie’s auction house announced they had it. But did they?”
    • “Here, Right Matters: An American Story” by Alexander Vindman. “We’d long been confused by the president’s policy of accommodation and appeasement of Russia, the United States’ most pressing major adversary. Russia’s president Vladimir Putin invaded Ukraine, seizing the Crimean Peninsula, attacking its industrial heartland, the Donbass, from the capital, Kyiv. By 2019, little had changed, Russian military and security forces and their proxy separatists continued to occupy the Donbass. The biggest change was to Ukraine’s importance as a bulwark against Russian aggression weeks earlier, the White House had abruptly put a hold on nearly four hundred million dollars.” 
    • David Enrich begins his book with a suicide in “Deutsche Bank Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction” and then meticulously details the bank’s Russian money laundering operations. Deutsche’s Russian business surged after revenues had fallen 50% due to the 2008 financial crisis. Putin’s Russia, poured in to Deutsche from deals it did with VTB Bank, linked to the Kremlin’s intelligence apparatus. Deutsche positioned itself as a crucial cog in “The Laundromat” by doing what couldn’t be done — processing cross-border transactions for banks that were too small  and didn’t have offices outside their home countries.

Image Credit: Wikimedia Commons

Inspired by Holiday Mathis – Creators Syndicate

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