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.
‘Exonerated Five’ member warns of a ‘dangerous time’ after latest Central Park incident
On CNN Tuesday, Yusef Salaam, one of the members of the Exonerated Five, warned about the implications of recent racist incidents to the state of civil rights in America.
"I want to ask you, in the course of the last couple of days we've covered this story, we've covered the story of a man who died after police put him in a hold with a knee to the neck. Yesterday I spoke with an African-American journalist who covered the Kentucky governor being hung in effigy, with people doing it who didn't seem to understand why that was problematic," said anchor Brianna Keilar. "And I just wonder what that says to you, after all of these decades, about where the country is."
SpaceX readies for blast-off with NASA astronauts aboard
Gray skies loomed over Florida's Atlantic coast Tuesday, just one day before two astronauts were set to blast off aboard a SpaceX capsule on the most dangerous and prestigious mission NASA has ever entrusted to a private company.
There was a 60 percent chance for favorable weather for Wednesday's flight, according to Tuesday's latest Cape Canaveral forecast.
US astronauts Bob Behnken and Doug Hurley have been in strict quarantine for two weeks ahead of their trip on the brand-new Crew Dragon capsule, which will be propelled by a Falcon 9 rocket.
Both the capsule and the rocket were manufactured by SpaceX, the start-up founded in 2002 by the then-thirty-something Elon Musk, a brilliant and brash Mars-obsessive who made his fortune with PayPal and also created the famous Tesla electric cars.
DOJ closes insider trading investigations against three senators — but is still investigating Richard Burr: report
On Tuesday, The Wall Street Journal reported that Justice Department officials are closing insider trading investigations into three senators — Sens. Dianne Feinstein (D-CA), Kelly Loeffler (R-GA), and Jim Inhofe (R-OK).
However, a fourth probe, into insider trading allegations against Sen. Richard Burr (R-NC), is reportedly ongoing.
"The Federal Bureau of Investigation began the investigations two months ago, as reports emerged that several members of Congress, their spouses or their investment advisers sold hundreds of thousands of dollars in stock after lawmakers attended closed-door briefings about the threat posed by the new coronavirus," reported Aruna Viswanatha. "Some of those trades spared lawmakers as much as hundreds of thousands of dollars in losses as stocks sank by mid-March."