A top bank executive received an appointment to the Federal Reserve after his bank approved millions in loans to Trump in 2018.
Mother Jones reported that Professional Bank granted Trump a loan of $11.2 million in May of 2018, according to his recently filed financial disclosure forms. That money was used to finance the purchase of a mansion next to Trump’s Mar-a-Lago from his sister, Maryanne Trump Barry.
Trump’s company is currently offering the property for rent for $81,250 a month (down from $100,000).
View the complete May 22 article by Oliver Willis on the National Memo website here.