Tuesday, March 26, 2019

Hope he enjoyed the two days of "vindication"

Rep. Maxine Waters (D-Calif.) said Tuesday that Deutsche Bank has begun cooperating with an investigation into its extensive history with Trump, who borrowed millions of dollars from the bank over several decades.

[...]

The chairwoman also said she was satisfied with Deutsche Bank’s cooperation with the probe and said the Financial Services panel is looking into “everything” regarding Trump’s dealings with the bank.

Waters and Rep. Adam Schiff (D-Calif.), chairman of the House Intelligence Committee, are investigating the president’s finances through his ties to Deutsche Bank.

[...]

The New York Times reported earlier this month that Trump allegedly inflated the value of his assets when applying for loans from Deutsche Bank, and used loans from one division of the company to pay off debts to the other.

The dual probe is also focused on potential financial crimes committed by Deutsche Bank, which has paid billions of dollars in fines to settle allegations of money laundering, sanctions violations, market manipulation and risky sales practices.

The Justice Department in 2017 fined Deutsche Bank $630 million for laundering money out of Russia, which some Democrats tied to concerns about collusion between Trump and the Kremlin.

[...]

Deutsche Bank had rebuffed Waters requests for Trump’s financial records throughout 2017 and 2018, when Democrats were the minority party in the House. But the bank said it would cooperate with Waters’ investigation after Democrats captured the House majority in the November midterm elections.

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

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