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.
Cops defend tackling and handcuffing 12-year-old boy for roughhousing with his cousin
Police officers in Grand Rapids, Michigan, have faced an onslaught of criticism after they handcuffed and arrested a 12-year-old black boy, the Associated Press reports.
Officers claimed the boy was being violent, trying to attack a man with a wooden pole. The boy's mother disputes that account. She claims her son was just playing with his cousin.
Carreion Baker told a local news outlet that he wasn't aware that officers were after him, which is why he didn't respond to their commands to stop.
A Maryland school told them to be quiet — but see what these students did
Following the Parkland school massacre, students from Montgomery Country, Maryland were angry, grieving and scared. So what did they do? They quickly formed MoCo Students For Change and mobilized an estimated 6,000 students from over 40 schools in the area to attend a student rally on Capitol Hill that they organized to fight against gun violence.
In Brave New Films’ latest #YouthInAction series, we get a glimpse of what it’s like to organize this event through the perspective of the MoCo students themselves. Watch as they fight for their survival.
GOP pollster gets hilariously destroyed after blaming a broken elevator in his European hotel on ‘socialism’
Republican pollster Frank Luntz drew hackles from across the internet on Tuesday after he blamed a broken elevator at a hotel in Austria on "socialism."
Writing on Twitter, Luntz complained that the elevator at the Hotel Imperial in Vienna, Austria has not been functioning for three straight days -- and said that the European social welfare state was responsible for this purportedly dire situation.
"Please don’t bring European-style socialism to America," Luntz pleaded.
I’m at the Hotel Imperial in Vienna, Austria. Almost 200 rooms… But the elevator has been broken for 3 days.