Trump’s history with Deutsche Bank begins back to the 90’s when no one on Wall Street would lend to him, and raises suspicion today with his significant debt to the bank and its ties to Russian money laundering. https://t.co/LWRC2h89OA pic.twitter.com/6LdtMJ33wz
— Need To Impeach (@Need2Impeach) March 31, 2018
Trump’s relationship with Deutsche Bank began in the 90’s, when no other banks would lend to him.
In 2005, the bank lent Trump $640 million for Trump International Hotel and Tower in Chicago.
In 2008, Trump sued Deutsche Bank for $3 billion to avoid paying the $40 million he owed.
Trump and Deutsche Bank settled and continued to do business together.
Today, Trump’s financial disclosures show he is still $360 million in debt to Deutsche Bank.
Deutsche Bank was fined in 2017 for its role in a $10 billion Russian money laundering scheme.
Special Counsel Robert Mueller subpoenaed the bank for financial records on the Trump team in December.
Rep. Adam Schiff (D-CA) called for a subpoena for the bank’s records of Trump’s financial ties to Russia.
Schiff said the subpoena is needed to “determine whether this is a lever the Russians hold.”
Trump said investigating his finances crosses a red line. What is he afraid they will find?
Trump Business Practices
Trump said he’d run the country like his businesses, but that doesn’t bode well for the country. Given the number of lawsuits, fines, unpaid workers, conflicts of interest, and other unethical and illegal business practices, how do we know who’s really making the decisions and what their goals are?