Quantcast
Connect with us

‘Trump money trail’: House Dems target Deutsche Bank at start of probe into president’s finances

Published

on

House Democrats are going full speed ahead into an investigation into President Donald Trump’s businesses.

Politico reports that House Democrats are looking to probe the president’s relationship with Deutsche Bank, which has already been fined billions of dollars for facilitating Russian money laundering and which last year had its headquarters raided as part of a larger money laundering investigation.

ADVERTISEMENT

The bank is now in Democrats’ cross hairs because for years it has been the only major bank willing to extend loans to the Trump Organization, which has raised suspicions that the president’s businesses might be vehicles for money laundering.

Rep. Maxine Waters (D-CA), for instance, said that investigating the “Trump money trail” must inevitably start with Deutsche Bank, as the Trump Organization is in debt to the bank for over $100 million.

“Last year, House Intelligence Committee Democrats outlined concerns they had about Deutsche Bank in a status report on the panel’s Russia investigation, which at that time was being run by Republicans,” Politico reports. “Among their questions: Did Trump’s financial exposure via Deutsche Bank or other loans represent a point of leverage that Russia could exploit? Did the Russian government try to court Trump and launder money through the Trump Organization?”

Read the full report here.

ADVERTISEMENT

Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Fox News reports wages rose faster under Obama than Trump after his campaign lashes out at predecessor

Published

on

In what was possibly a hint to remind people of his legacy this Monday, former President Barack Obama gave a shout out to the anniversary of his signing of the 2009 economic stimulus package.

“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama tweeted with a photo of his signature on the bill.

https://twitter.com/BarackObama/status/1229432034650722304?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed&ref_url=https%3A%2F%2Fwww.foxnews.com%2Fpolitics%2Ftrump-campaign-fires-back-after-obama-claims-credit-for-economic-boom

Continue Reading

Breaking Banner

Deputy national security adviser accused by White House officials of being ‘Anonymous’ may be reassigned

Published

on

According to a new report from Axios, there's a discussion amongst top Trump officials about reassigning deputy national security adviser Victoria Coates to the Department of Energy from the National Security Council. Coates has been the target of some inside the White House who accuse her of being behind an op-ed in the New York Times -- and later a bestselling book -- which chronicled a resistance movement inside the Trump administration.

Continue Reading
 

Breaking Banner

Ex-Obama adviser offers three essential tips for any Democrat who wants to beat Trump

Published

on

Dan Pfeiffer, a former adviser to President Barack Obama and current host of the "Pod Save America" podcast, has written a piece in Politico that offers three essential tips for whomever the Democratic Party nominates as its candidate for president.

In particular, Pfeiffer looks at the major mistakes that Sen. Mitt Romney (R-UT) made when he ran against Obama in 2012, and which allowed Obama to win quite handily despite being stuck with an unemployment rate of 8 percent.

Continue Reading
 
 
close-image