So I wrote last week about Deutsche Bank cooperating with authorities, as far as turning over the financial records of the Trump Organization.
Just to catch up, it was in March that New York Attorney General Letitia James issued subpoenas, regarding projects by the Trump Organization. Deutsche Bank – one of the only banks in the world still willing to do business with Donald Trump – were reportedly cooperating with the investigation.
The Southern District of New York are not the only ones interested in the financial dealings of the Trump Organization. Democrats in Congress have also moved to get a look at those records.
You had to know just the concept would cause mass panic within the gilded halls of Trumpdom.
Of course it did.
On Monday, a lawsuit was brought by President Trump, and his three oldest children, Donald Trump Jr, Eric Trump, and Ivanka Trump in a federal court in New York. The suit attempts to stop Deutsche Bank and Capitol One from cooperating with Congress.
I’ve said it before, so I’ll say it again: Donald Trump’s ego and quest for a bigger platform led him to the presidency, and it put all his long held dirty secrets under a huge spotlight. He’s got no one to blame for any of this, but himself.
House Intelligence Committee Chairman Adam Schiff, D-Calif., said at the time that the subpoenas were part of an investigation “into allegations of potential foreign influence on the U.S. political process.” He has said he wants to know whether Russians used laundered money for transactions with the Trump Organization. Trump’s businesses have benefited from Russian investment over the years.
The Trumps want a federal judge to declare the subpoenas unlawful and unenforceable. The lawsuit also seeks to block the financial institutions from disclosing information and complying with the subpoenas.When the subpoenas were issued April 15, Eric Trump, executive vice president of The Trump Organization, called the subpoenas “an unprecedented abuse of power and simply the latest attempt by House Democrats to attack the President and our family for political gain.”
Let’s not pretend there’s not a partisan element to this. Of course the Democrats are looking for a smoking gun. We’ve all seen how they circle the wagons when it’s a Democrat’s potential financial shenanigans.
Let’s further not pretend Republicans don’t do the exact same thing.
We’re all seeing in real time how desperate the party is to defend any bizarre, twisted, wrongheaded, or potentially corrupt machination of the Trump regime.
There is little to no difference in the two major parties.
That being said, there’s a legitimate reason to want to see Donald Trump’s financial records. Who is he beholden to? Who owns his debt?
Testimony before Congress from his former “fixer” and attorney, Michael Cohen, raised the question of a Trump Organization that inflated or down played assets, depending on whether it was dealing with insurance companies or banks.
If proven, lying to banks and insurance companies tends to be a real no-no.
This newest lawsuit by Trump and his children allege the requests for their financial records is an attempt to cause “political damage” to the president.
Of course it is. That doesn’t mean there’s nothing there to be concerned about.
This is, after all, Donald Trump.