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Trump’s Deutsche Bank woes are worse than you think: MSNBC federal law enforcement contributor

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A federal law enforcement reporter pointed out one of the under-reported threads in the bombshell New York Times report about Donald Trump seeking out a loan from Deutsche Bank in 2016 — for which he was rejected.

Daily Beast reporter Betsy Woodruff explained Monday that “it takes a lot for Deutsche Bank not to do business with somebody.”

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“This is a bank that’s been fined hundreds of millions of dollars for not doing more to stop Russians from laundering massive sums of money through its bank,” Woodruff noted.

But one of the underlying threads beneath the numerous stories about Trump and Deutsche Bank, the reporter noted, is that the German institution sold financial products to the Mercers, a “multi-billionaire conservative mega-donor family that played a key role in getting Trump elected.”

“A Senate committee confirmed or assessed that the Mercers used this money to dodge paying more than $6 billion in taxes,” Woodruff added. “That’s larger than the GDP of some countries. They used these products in part to do that.”

The MSNBC political contributor pointed out that the Mercers have, since fall 2017, “been in negotiations with the IRS about how to potentially settle that tax debt.”

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“Those negotiations are done entirely in secret,” Woodruff said. “Obviously, tax issues are supposed to be confidential — but this is something where Trump’s political appointees in the IRS have access to very sensitive talks about billions of dollars on the table for some of his most powerful donors and Deutsche Bank is right at the center.”

Host Nicolle Wallace asked the reporter if special counsel Robert Mueller has access to the same IRS information and Woodruff said that although she has not gotten confirmation that he does, “he would be able to through traditional law enforcement means” to obtain it.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Trump lies to the press about his massive tax increasing while departing to France for the G7 Summit

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President Donald Trump was caught repeating inaccurate claims when he spoke to reporters before boarding Marine One for his trip to France for the G7 Summit.

"I think our tariffs are very good for us. We're taking in tens of billions of dollars, China is paying for it," Trump argued.

In reality, China is not paying for the tariffs, which are paid by American importers and passed on to consumers, making the announcement a massive tax increase on Americans.

"Our tariffs are working out very well for us, people don't understand that yet," Trump argued.

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Bill Maher presents ’25 things you don’t know about Stephen Miller’ on Real Time

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The host of HBO's "Real Time" presented "25 things you don’t know about Stephen Miller" on Friday.

"In high school, I was voted 'Most Likely to Comb My Mummified Mother's Hair,'" was one item.

"I think tacos are stealing jobs from hamburgers," was another.

"I'm a Cancer. I don't know my astrological sign," was a third.

"The worst part about my car smelling like wet dogs, is that I don't own dogs," was a fourth.

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Bill Maher dances on David Koch’s grave: ‘I’m glad he’s dead and I hope the end was painful’

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HBO "Real Time" host Bill Maher celebrated the death of right-wing billionaire David Koch, who died of prostate cancer.

"I guess I'm going to have to reevaluate my low opinion of prostate cancer," Maher said.

"Condolences poured in from all the politicians he owned and mourners are being asked, in lieu of flowers, to just leave their car engine running," he said.

"I know these seem like harsh words and harsh jokes, and I'm sure I will be condemned for them on Fox News, which will portray Mr. Koch as a principled libertarian who believed in the free market," Maher said. "He and his brother have done more than anybody to fund climate science deniers -- for decades."

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