Wednesday, May 24, 2017

Impotency Matters

Representative Maxine Waters of California and four other Democrats on the House Financial Services Committee asked the Frankfurt-based [ Deutsche Bank AG ] for its internal report about its conduct in the Russian “mirror trading” scandal. They also asked for any internal review of Trump’s business dealings with the bank, descriptions of which have surfaced in news reports.The lawmakers asked whether the bank’s loans to Trump, made years before the New York developer ran for president, “were guaranteed by the Russian government, or were in any way connected to Russia.” A copy of the letter sent to the bank was reviewed by Bloomberg News.

That seems a little bit of a stretch, to me. Of course, I don't know the legalities of banking and loan securing. I just know that if I got a loan from a bank, I wouldn't know - or probably care - where the bank secured that loan. But, Deutsche Bank is one that Trump stiffed and still deals with him anyway.
As the minority party in Congress, the Democrats don’t have the power to force Deutsche Bank to make any disclosures.


The same group of Democrats demanded in March that [Republican chair Jeb] Hensarling hold a hearing to explore the bank’s conduct in the Russian mirror-trading scandal, as part of an effort to ensure that the Justice Department investigation wasn’t influenced by the lender’s relationship with Trump. No hearing has been scheduled.


The Democrats cited Deutsche Bank’s previous compliance failures, which have resulted in more than $6 billion in fines and penalties to U.S. regulators since 2015.
That's a "raspberry" you hear coming from the Republicans and Deutsche Bank.

...but hey, do what you will anyway.

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