Trump "Convinces" Deutsche Bank To Fork Over $13.2M In Construction Cash To Finish Off Chicago Skyscraper

Buried in a recent Between The Bricks column in the New York Post is this blurb on the recent $3 billion lawsuit filed by Donald Trump against Deutsche Bank, in which (according to a recent Wall Street Journal article) the latter was accused of, among other things, "compromis[ing] the senior construction loan by selling pieces off to so many institutions, banks, junk bond firms, and virtually anybody that seemed to come along, that the lending group is unable to come to a consensus on how to deal with the matter":

• In one closely-watched bank stand-off, Donald Trump just got a worried Deutsche Bank to blink - and fork over $13.2 million in construction funds towards his soon to be completed spectacular Chicago hotel and condo tower.

• The lender filed a $40 million suit against him after he slapped them with his own $3 billion lawsuit. Trump claims they damaged his brand by ceasing funding after he invoked his specially worded "force-majeure" clause due to events and circumstances that "are not reasonably" within his control.

Source: Banks Threaten Foreclosures.

In a related story, see The New York Times: Trump Sees Act of God in Recession.