House investigation into Trump's finances

Democrats are launching an investigation to discover why Deutsche Bank was willing to lend the Trump Organization money when other banks wouldn’t and whether Russia was involved.


The German bank, which has been under scrutiny for its role in Russian money laundering, lent Trump hundreds of millions of dollars over the years for his property development ventures.

The House Financial Services and Intelligence Committees have been staffing up for their probes into the bank and Trump's Russia ties. Democrats on the panels say that with Deutsche Bank they are willing to pursue a key area that Mueller may have avoided — crossing what Trump sees as a "red line" into his personal finances.

[...]

Democrats won't be confined by boundaries set by the president as they ramp up their probes, so any perceived omissions by Mueller will be prime targets for House committees.

[...]

In his latest financial disclosure filing, Trump reported owing Deutsche Bank at least $130 million.

House Democrats, now armed with their own subpoena power, aren't waiting for the results of Mueller's investigation. [House Intelligence Committee chair Adam] Schiff and Financial Services Chairwoman Maxine Waters (D-Calif.) have already agreed to work together on a probe of Deutsche Bank.

[...]

For Schiff, Deutsche Bank is a starting point as his committee investigates possible money laundering by the Trump Organization. Waters, who has called for the president's impeachment, has said her inquiry into the "Trump money trail" would also start with the bank.

[...]

Bloomberg News reported Wednesday that bank executives discussed giving the Trump Organization more time to repay $340 million in loans until after a possible second Trump term in 2025 because of concerns that the Trump Organization might default. The New York Times reported earlier this month that Deutsche Bank turned down Trump for a loan in early 2016.

Democrats also have questions about how Trump's businesses were able to rely on cash transactions in the years before he became president to fund real estate development, as opposed to investors' money and debt — and despite a track record of bankruptcy.

[...]

“All we know is that there was one period of Donald Trump's before he became president where he was spending cash for his developments all around the world.” said Rep. Emanuel Cleaver (D-Mo.), the chairman of a subcommittee with jurisdiction over money laundering issues. “Very few people pay cash when they do a big development. ... He was paying cash at a time when he wasn't supposed to have money. We're going to have to find out why."
  Politico

Finally someone is going to the money laundering angle.

The House Financial Services Committee has recruited Bob Roach, a veteran investigator who oversaw earlier Senate probes into Goldman Sachs, JPMorgan Chase and HSBC. Ty Gellasch, a former Senate colleague, described Roach as "remarkably familiar" with money laundering issues and seasoned when it comes to dealing with international banks and their regulators.

Roach may even share some traits with Mueller himself.

"Bob [Roach] tries to work in a bipartisan way and often more slowly than people might hope," Gellasch said. "He's extremely careful and doesn't investigate by press release. If he's left to work as he wants, the first we'll learn of what he's doing will likely be when the committee schedules its hearing and releases a report."

Will they share their information with the New York Attorney General?  She's gunning for Trump.

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