DEUTSCHE BANK IS TURNING OVER INFORMATION ON THE trump

[Bill]

There's money in it.

Mueller hired a fleet of lawyers [with a hefty dose of Clinton donors---imagine that] and Lordy, who knows how many clerks and staffers. No way they'd let that gravey train end.

It's a high magnitude farce.

Gee, the deep state is pulling out all the stops...

Almost like the shitheads in the newt gop did...

Innocent men should not fear, we are a country of laws.... If clinton, the dirty or whoever has acted in a manner not consistent w/ them~justice will prevail...

[Bill]

a massive ego stroke too.
Comey couldn't wait to leak to get a SP.
He 's a drama queen, but Meulluer has got to get off on all this power at his fingertips

Yea, he is a drama queen, your idol not so much.

[Bill]

Trump flipped a mansion his cost basis 40 million and sold for 90 million to Russian billionaire when market was falling.

That would be a nice way to fund a bribe!

Yea but, yea but, but, but but..............

[Stretch]

Is now a good time to fire someone???

DEUTSCHE BANK IS TURNING OVER INFORMATION ON TRUMP
Regulators are scrutinizing hundreds of millions in loans and a subpoena from Robert Mueller is expected.

BY BESS LEVIN
JULY 20, 2017 10:18 AM


Among the many mysteries surrounding Donald Trump’s finances as a real-estate mogul—and the conflicts of interest that might be revealed by his tax returns, were he ever to release them—is his long history of debt. The issue is not merely what Trump owes, but who he owes. As critics noted on the campaign trail, Trump’s habit of reneging on contracts and suing his lenders meant that virtually nobody on Wall Street wanted to work with him, with one exception: Deutsche Bank, which had loaned him hundreds of millions of dollars when no one else would, even after he sued the firm. Now, investigators probing the ties between the Trump campaign and Russia are wondering why—and they’re beginning to take a closer look at the president’s accounts with his favorite bank, which also happens to have strong ties to Russia itself.

The New York Times reports that banking regulators are currently “reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit . . . to [see] if the loans might expose the bank to heightened risk.” Meanwhile, the Guardian reports that executives at Deutsche are “expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller,” and that the special counsel’s investigative team and the bank have “already established informal contact in connection to the federal investigation.”

There’s certainly plenty to look into. Over the last 20 years, Trump has received more than $4 billion in loan commitments and potential bond offerings from the German lender, despite suing the company in 2008 when he fell behind on payments on the $640 million loan he was given to build Trump International Hotel & Tower in Chicago. Incredibly, in order to avoid paying the $40 million he had personally guaranteed, Trump and his lawyer argued that “Deutsche Bank is one of the banks primarily responsible for the economic dysfunction we are currently facing”—i.e. the global financial crisis—and therefore it should pay him $3 billion in damages under the extraordinary event clause in his contract. Naturally, the bank countersued, calling the real-estate developer’s claim “classic Trump.” In the end, after threatening to take his name off the building if he wasn’t granted more time to pay, the bank gave Trump extra time; when he did pay the money he owed to the firm’s real-estate lending division, it was with another loan he got from Deutsche’s wealth-management unit. Trump subsequently moved his business from the real estate group to the private wealth management group, where, according to the Times, “executives were more willing to deal with him.” One of those executives was Rosemary Vrablic, who has helped finance three Trump properties over the last six years, lending $300 million in the process. That amount is “somewhat unusual by Wall Street standards,” former and current Deutsche Bank executives and wealth managers at other firms on Wall Street told the Times.

In addition to Donald, Ivanka Trump is also said to be a Deutsche Bank client, as is Jared Kushner and his mother, who, per the Times, have “an unsecured line of credit from Deutsche Bank, valued at up to $25 million.” In addition, the Kushner family business, Kushner Companies, got a $285 million loan from the bank last year. And because the Kushners and Trumps have never shied away from conflicts of interest, in 2013, Kushner reportedly “ordered up a glowing profile of [Vrablic] in the real estate magazine he owned,” with a disclosure about their connection at the very end of the piece.

Apart from the Trumps and Kushners, Deutsche Bank also has deep ties to Russia. In addition to settling allegations earlier this year that it allowed $10 billion to be laundered out of Eastern Europe, Deutsche Bank had a “cooperation agreement” with Vnesheconombank, a Russian state-owned development bank that is the target of U.S. economic sanctions. Vnesheconombank, for those who need a refresher, was the bank whose chief executive, Sergey Gorkov, Jared Kushner forgot to mention meeting in December. Oh, and there’s also this:

. . . in May, federal prosecutors settled a case with a Cyprus investment vehicle owned by a Russian businessman with close family connections to the Kremlin. The firm, Prevezon Holdings, was represented by Natalia Veselnitskaya, the Russian lawyer who was among the people who met during the presidential campaign with Donald Trump Jr. about Hillary Clinton. Federal prosecutors in the United States claimed Prevezon, which admitted no wrongdoing, laundered the proceeds of an alleged Russian tax fraud through real estate. Prevezon and its partner relied in part on $90 million in financing from a big European financial institution, court records show. It was Deutsche Bank.

In an interview with the Times published late Wednesday night, Trump, when asked if he thought Mueller’s investigation would “cross a red line” if it began to examine his “family’s finances beyond any relationship to Russia,” said “I would say yes. I think that’s a violation.”

Your article from Vanity Fair states, “already established informal contact in connection to the federal investigation.”


Back on June 8th Reuters states, "Deutsche Bank cites US bank privacy laws in turning down lawmakers on Trump records".

Deutsche Bank AG on Thursday said U.S. law prohibits it from responding to questions from U.S. lawmakers about President Donald Trump and his possible ties to Russia without a legally proper request because of regulations protecting customer information.

In a letter to five House Democrats, Germany's largest bank said U.S. federal privacy and confidentiality laws prevented it from sharing information on its reported banking relationship with the President and his family.

"We hope that you will understand Deutsche Bank's need to respect the boundaries that Congress and the courts have set in an effort to protect confidential information," lawyers for the bank from Akin Gump Strauss Hauer & Feld wrote in the letter.


Deutsche's correspondence follows a May 23 request from Maxine Waters, ranking Democrat on the House Financial Services Committee, and four peers, requesting information about the Republican president.

The original letter sought details that might show whether Trump's loans for his real-estate business were backed by the Russian government, including documents tied to any internal reviews of Trump's accounts at the bank.

The lawmakers initially gave Deutsche Bank until June 2 to respond, but the German lender requested more time.

The Democrats on their own cannot compel Deutsche Bank to hand over the information. The House committee has subpoena power, but Republican committee members, who make up the majority of the panel, would have to cooperate.

No Republicans signed the letter.

Public records show Deutsche Bank loaned Trump millions of dollars for real-estate ventures.

The letter was sent on a day Washington was consumed with testimony by former FBI director James Comey, who appeared before a Senate panel on Thursday and accused Trump of firing him to undermine an investigation into possible collusion between his 2016 presidential campaign team and Russia.

Moscow has denied the allegations of election meddling, and Trump has denied any collusion.

The congressional Democrats also sought information about a Russian "mirror trading" scheme that allowed $10 billion to flow out of Russia. In January, Deutsche Bank agreed to pay $630 million in fines over the scheme, which could have been used to launder money out of Russia.

The trades involved, for example, buying Russian stocks in rubles for a client and selling the identical value of a security for U.S. dollars for a related customer. Deutsche Bank provided the Democrats copies of settlements regarding the trades. (For the story on this please read "Deutsche Bank, Mirror Trades, and More Russian Threads" http://www.newyorker.com/business/cu...ussian-threads )

*****************************

So, is Deutsche Bank actually turning over information or not?

[Buckly J. Ewer]

Do you think this is it, finally?

This IS it asshole.

[Bill]

Are you concerned that what they might/will turn over will hurt your .............. ahH ruler??

[Buckly J. Ewer]

Are you concerned that what they might/will turn over will hurt your .............. ahH ruler??

He is toast.

[Stretch]

Are you concerned that what they might/will turn over will hurt your .............. ahH ruler??

Not at all. So, which is it?

[Micawber]

That so many of Trump's highly profitable deals are with Russians and he wants US government policy to favor Russia is no accident.

[Bigdog]

it allowed $10 billion to be laundered

Socialist paradise

[Darth Omar]

Trump flipped a mansion his cost basis 40 million and sold for 90 million to Russian billionaire when market was falling.

That would be a nice way to fund a bribe!

It's just a guess, but you might want to do better than that lol.

[Darth Omar]

Will they really?

Kind of like they're holding incredibly hypocritical Iraq War cheerleaders accountable & giving them zero credibility as they lecture us about the Dems "teaming up" with neocons?

They are teaming up with them because, apparently, the lefts Trump-hatred trumps their anti-war principles.

It's pretty plain to anyone who is paying attention. Never thought I'd see the day. I pointed out the hypocrisy the other day when Trump removed our support for the Syrian rebels/terrorists. It means we are no longer trying to topple a secular Middle East dictator [you know, like you never tire of reminding us about Iraq].

It makes Trump the anti-Bush, anti-neocon [why do you think neocons like McCain loathe Trump---why do you think McCain was so hot to trot about the Piss Dossier?] and not a peep out of people like you.

All they/you want to do is talk about is Russia.

[Althea]

You're missing the political point with Hillary.

This goes beyond debate board gotcha. People...voters, are going to look at both sides and conclude that democrats have zero credibility to go after Trump [whatever he's even guilty of] because they tolerated worse out of Hillary.

Incorrect. What they'll conclude, is that every finger trump pointed at Hillary was for the purpose of hiding his own actions.

[Althea]

If it was hillary you would be cheering.........

Follow the money, I have zero problem w/ that, if you do write your representatives...

Surely you aren't concerned some dirty deeds will be found out............

Irony

[PostmodernProphet]

Are you concerned that what they might/will turn over will hurt your .............. ahH ruler??

I'm worried they might leak his tax returns and take away Chrispy's reason to live.....