Why Deutsche Bank loaned money to Trump even after he defaulted

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Deutsche Bank in Hamburg, Germany. Photo credit: Tony Webster/CC BY 2.0, via Flickr

Before he was president, Donald Trump was a failed casino magnate, who defaulted on loans. No bank on Wall Street would lend him money, except one. Deutsche Bank approved more than $2 billion worth of loans over two decades. Now two Congressional committees and the New York attorney general are investigating financial ties between Trump and Deutsche Bank.