On Monday, the New York Times reported that staffers at Deutsche Bank flagged multiple incidents of suspicious activity involving the accounts of President Donald Trump and Jared Kushner. But higher-ups ignored their warnings and continued doing business with Trump and Kushner.
In a CNN segment, journalist and political commentator John Avlon laid out the long history between President Trump and Deutsche Bank, which lent him billions of dollars despite his propensity for losing money.
“For all of you out there who were denied a mortgage despite a good credit score and liquidity, just because the big banks were running scared after the financial crisis of 2008? Do we have a story for you,” Avlon says. “Because one very big bank has stuck by one very controversial client for decades, through thick and thin — mostly thin, extending him 2.5 billion in loans, when other banks wouldn’t give him the time of day.”
Avlon points out that as Trump racked up debt in the 1990s, U.S. based financial institutions largely avoided him. But seeking a foothold in the U.S., Deutsche Bank lent him massive amounts of cash despite all of the red flags. That backfired on them after the financial crisis when Trump tried to wiggle out of contracts with the bank.
Of course, Trump has pledged to block Deutsche Bank executives from testifying before Congress.
“Why is Trump trying so hard to keep all this hidden?” Avlon wonders. He points to the president’s reaction to the original New York Times story that revealed most banks didn’t want to do business with him. Trump railed against the Times report in a tweet storm, denying that he’d had trouble finding other financial institutions to invest in him.
“If you believe that, I have a low-interest loan to sell you,” Avlon concludes.
‘Pence would be president by noon’: Morning Joe claims GOPers would dump Trump in a minute in a secret impeachment vote
MSNBC's Joe Scarborough believes the Senate would convict President Donald Trump by an overwhelming margin today if the vote were held in secret.
Former Sen. Jeff Flake said late last month that "at least 35" Republicans would vote to impeach Trump if the vote were secret, but the "Morning Joe" host and analyst Mike Barnicle agreed that number is much higher as public support grows for removing the president.
"I find it very interesting, very interesting that senators are being a little more careful in not attacking Mitt Romney," Scarborough said, referring to the Utah Republican who's been increasingly critical of the president. "Senators aren't rushing to Donald Trump's side. They don't know, for the first time, how this is going to play out. They're not so sure, for the first time, that Donald Trump can shoot a man on Fifth Avenue and get away with it."
Trump says ‘phase 1’ China trade pact on track for November
US President Donald Trump on Monday said progress in developing the text of a partial trade pact with China means he will likely be able to sign it next month.
Trump remains upbeat on the chances Beijing and Washington will seal the mini-deal he announced earlier this month -- marking a cooling-off period in the two nations' damaging trade war.
"We'll be able to, we think, sign a completed document with China on phase one," Trump said at the White House.
US Trade Representative Robert Lighthizer said efforts to commit the agreement to paper before the Asia-Pacific Economic Cooperation summit in Chile next month are "on track" though some work remains to be done.
Teacher at taxpayer-funded private Christian school forced out for being gay
A private Christian school in Florida that receives taxpayer funding for school vouchers has forced out one of its teachers, she says, because she is gay.
Monica Toro Lisciandro says Covenant Christian School in Palm Bay, Florida not only parted ways with her after she acknowledged she is gay when school administrators asked her, but her students were told her "morals" did not line up with the schools, Lisciandro says.
The school questioned Lisciandro, who teaches theater, after someone called to report saying they had seen her at a pride event.
"Lisciandro said the assistant principal told her the school received word that Lisciandro was in a relationship with a woman, she had attended a pride festival, and she hosted an LGBTQ group in her studio," Florida Today reports.