Rattan furniture

[webfact]

Deutsche Bank says records sought in Trump congressional probe include tax returns

By Brendan Pierson

 

FILE PHOTO: Signage is seen on the lobby of the U.S. headquarters of Deutsche Bank in New York City, U.S., July 8, 2019. REUTERS/Andrew Kelly

 

NEW YORK (Reuters) - Financial records related to U.S. President Donald Trump and three of his children that congressional Democrats have requested from Deutsche Bank AG <DBKGn.DE> include tax returns, the bank disclosed in a court filing on Tuesday.

 

Two committees in the U.S. House of Representatives subpoenaed Deutsche Bank in April to provide financial records belonging to the president and his children Donald Trump Jr., Ivanka Trump and Eric Trump.

 

Deutsche Bank's filing, in the 2nd U.S. Circuit Court of Appeals, revealed that it had tax returns that it would need to hand over if it complied with the subpoenas, which the Trumps are seeking to block. It was not clear whose tax returns it had, because names were redacted from the filing.

 

A lawyer for the Trumps could not immediately be reached for comment. Deutsche Bank declined to comment.

 

The disclosure comes as Democrats on the House Ways and Means Committee are seeking to obtain Trump's personal and business tax returns, which the president has refused to turn over, from the Treasury Department.

 

Deutsche Bank has long been a principal lender for Trump's real estate business. A 2017 disclosure form showed thatTrump had at least $130 million of liabilities to the bank.

 

The subpoenas on Deutsche Bank, issued by the House Financial Services Committee and the Intelligence Committee, seek records of accounts, transactions and investments linked to Trump and the three named children, their immediate family members and several Trump Organization entities, including records of possible ties to foreign entities.

 

Deutsche Bank said in Tuesday's filing that it also had tax returns for people who "may constitute 'immediate family'" as defined by the subpoenas, without giving any names.

 

A lawyer for the Trumps last week urged the 2nd Circuit to block the bank from handing over the records, saying Congress did not have the authority to demand them. The court has not yet ruled on the case.

 

The Trumps are also seeking to block a separate subpoena served by the Financial Services Committee on Capital One Financial Corp <COF.N> seeks records related to the Trump Organization's hotel business.

 

Capital One said in a court filing on Tuesday that it did not have any tax returns related to the subpoena. The bank did not immediately respond to a Reuters request for comment.

 

2nd Circuit judges had ordered both banks to disclose whether they had tax returns last week.

 

Before Trump, the custom for modern U.S. presidential candidates was to reveal their income tax returns during their campaigns.

 

(Reporting by Brendan Pierson in New York; additional reporting by Matt Scuffham; Editing by Sonya Hepinstall)

 

 

-- © Copyright Reuters 2019-08-28

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[neeray]

"One of the most transparent Presidents ever".

Yeah, right !

[Tug]

I wonder if putin had to co-sign for Donald’s loans cause his credit is so bad lol yea let’s see those returns I’d like to know if a regular American is paying around 30% how much does a guy that has Been force fed money since birth pays

[worgeordie]

If they release the documents,you might find the would be dictator

is not wearing clothes (sorry to spoil your day with that thought).

regards Worgeordie

[Tug]

This is getting ugly fast they are saying it’s a strong possibility that russan oligarchs co signed loans on account of Donald’s lousy credit can’t have potus beholden to a hostile foreign power kinda easy to blackmail me thinks 

[TopDeadSenter]

Just now, Tug said:

This is getting ugly fast

As ugly as 3 years ago when Trump was on the cusp of going to jail for collusion with a foreign power(later proven false)? As ugly as 2 years ago when Trump was on the cusp of being doomed for having paid some porn star some money for something? As ugly as last year when the Mueller report was unveiled and bad stuff was on the cusp of raining down on Trump??

 Is it possible that the only thing "getting ugly" is the repeated and unhinged silly comments on all threads concerning POTUS 45 Donald Trump by his political opponents?

[riclag]

5 hours ago, webfact said:

Before Trump, the custom for modern U.S. presidential candidates was to reveal their income tax returns during their campaigns.

"Presidents aren’t required by law to release their tax returns. Nevertheless, between 1974 and 2012, every president but Gerald Ford has made a voluntary release of the tax returns they filed while in office. Ford released no complete returns, but released 10 years of summary data including gross income, taxable income, major deductions, and taxes paid".

The many accounting firms doing his taxes through out the years,  should be concerned that the dems would reveal their firms names ,just because they worked for Mr. Trump! They probably be subjected to harassment.

https://www.taxnotes.com/presidential-tax-returns

Edited August 28, 2019 by riclag

[Tug]

26 minutes ago, TopDeadSenter said:

As ugly as 3 years ago when Trump was on the cusp of going to jail for collusion with a foreign power(later proven false)? As ugly as 2 years ago when Trump was on the cusp of being doomed for having paid some porn star some money for something? As ugly as last year when the Mueller report was unveiled and bad stuff was on the cusp of raining down on Trump??

 Is it possible that the only thing "getting ugly" is the repeated and unhinged silly comments on all threads concerning POTUS 45 Donald Trump by his political opponents?

Yup!the conspiracy(coullusion)dident reach the leagle threshold but ask for and use information absolutely Donald is on the hook for a felony for covering up his tryst with stormy only The fact they won’t indite sitting potus is protecting him from that so yup on that one and ditto for obstructing Justice this is not silly or unhinged it’s just Donald beeing Donald and reaping what he sowed 

[Silurian]

Again, the Donald supporters are going to blindly ignore the Russian links. They are going to support the Reality TV Con Man no matter what.

 

Deutsche Bank has Trump’s taxes — and loan applications cosigned by Russian oligarchs

 

Quote

“The source close to Deutsche Bank says that the co-signers of Donald Trump’s Deutsche Bank loans are Russian billionaires close to Vladimir Putin,” O’Donnell revealed.

 

Edited August 28, 2019 by Silurian

[stevenl]

47 minutes ago, TopDeadSenter said:

As ugly as 3 years ago when Trump was on the cusp of going to jail for collusion with a foreign power(later proven false)? As ugly as 2 years ago when Trump was on the cusp of being doomed for having paid some porn star some money for something? As ugly as last year when the Mueller report was unveiled and bad stuff was on the cusp of raining down on Trump??

 Is it possible that the only thing "getting ugly" is the repeated and unhinged silly comments on all threads concerning POTUS 45 Donald Trump by his political opponents?

You have a distorted view of the investigations.

[stevenl]

8 minutes ago, riclag said:

"Presidents aren’t required by law to release their tax returns. Nevertheless, between 1974 and 2012, every president but Gerald Ford has made a voluntary release of the tax returns they filed while in office. Ford released no complete returns, but released 10 years of summary data including gross income, taxable income, major deductions, and taxes paid".

https://www.taxnotes.com/presidential-tax-returns

Wow, an admission from riclag that Trump is not behaving presidentially.

[phkauf]

I wouldn't get my hopes up for anything too exciting from these tax returns. Trump's personal returns most assuredly are not going to be included since he would not be providing a personal guaranty for any loans (lenders don't require personal guaranty's anymore since they're useless). What you are likely to see are the returns for whatever individual business is getting the loan since they are all in separate corporations, VERY typical way to finance real estate.

But you folks with the tin hats can keep hoping against all odds that there will be the smoking gun that takes him down.

Keep the hope alive, while I look forward to 4 more years of Trump and a completely new Supreme Court after RBG kicks.

[mtls2005]

1 hour ago, phkauf said:

I wouldn't get my hopes up for anything too exciting from these tax returns.

 

Agreed, other than the fact that he paid no taxes. That might tick off one or two of the base, but the rest will just say he was bein' smaht.

 

However, DB records might paint a more "exciting" picture?

 

 

[roobaa01]

certainly nadler, schiff and the dem congress clowns bunch try as usual to abuse tax payers money for their abusive trump whitch hunt . thus we had already russian hoax, rascism hoax , recession hoax by dems and their fake news media. now the democrat and fake news media tax hoax about donald trump. as usual lots of silly comments. 

 

wbr

roobaa01

[Mavideol]

3 hours ago, TopDeadSenter said:

As ugly as 3 years ago when Trump was on the cusp of going to jail for collusion with a foreign power(later proven false)? As ugly as 2 years ago when Trump was on the cusp of being doomed for having paid some porn star some money for something? As ugly as last year when the Mueller report was unveiled and bad stuff was on the cusp of raining down on Trump??

 Is it possible that the only thing "getting ugly" is the repeated and unhinged silly comments on all threads concerning POTUS 45 Donald Trump by his political opponents?

That's a reasonable request to ask for his tax returns and financial records, he's a (big mouth) public figure claiming day in day out that he has nothing to hide, why such as fuss he should show good faith and cooperate and sine he's at it should release his academic records as well after that I do think all the unhinged silly comments/threads about potus may stop

[spidermike007]

If those tax returns are ever made public, his house of cards will come crashing down. As the reporter for Forbes, who has been working with Trump for decades has said, his net worth is just a fraction of what he claims. Besides that, there is a good chance the tax returns will reveal massive fraud, committed with the loans from Deutsche Bank. That is a felony. That could result in years spent in prison. If it seems like Trump is becoming increasingly unhinged lately, this could be one of the reasons. He has to be sweating big time, over the possibility of these returns being revealed.

 

Among the many subjects: How Donald Trump has manipulated estimates of his net worth over the years. “It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes,” Cohen plans to say, according to an early copy of his written testimony released by Politico, referring to Cohen's previous testimony to Congress. 

 

https://www.forbes.com/sites/danalexander/2019/02/27/trump-with-michael-cohen-by-his-side-has-history-of-lying-about-his-fortune/#3a2888553538

 

They may also demonstrate how much smaller his net worth is, than what he claims, although that might be hard to decipher, with his overly inflated assets! 

Edited August 28, 2019 by spidermike007

[Misty]

1 hour ago, mtls2005 said:

 

Agreed, other than the fact that he paid no taxes. That might tick off one or two of the base, but the rest will just say he was bein' smaht.

 

However, DB records might paint a more "exciting" picture?

 

 

Particularly the DB loan documents

[Misty]

6 minutes ago, spidermike007 said:

If those tax returns are ever made public, his house of cards will come crashing down. As the reporter for Forbes, who has been working with Trump for decades has said, his net worth is just a fraction of what he claims.

Rick Wilson:  "My galaxy brain moment on Trump was when a billionaire hedge fund manager said to me, "Trump's not a billionaire. I'm a billionaire. Trump is a clown living on credit." "

[roobaa01]

11 minutes ago, spidermike007 said:

If those tax returns are ever made public, his house of cards will come crashing down. As the reporter for Forbes, who has been working with Trump for decades has said, his net worth is just a fraction of what he claims. Besides that, there is a good chance the tax returns will reveal massive fraud, committed with the loans from Deutsche Bank. That is a felony. That could result in years spent in prison. If it seems like Trump is becoming increasingly unhinged lately, this could be one of the reasons. He has to be sweating big time, over the possibility of these returns being revealed.

 

Among the many subjects: How Donald Trump has manipulated estimates of his net worth over the years. “It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes,” Cohen plans to say, according to an early copy of his written testimony released by Politico, referring to Cohen's previous testimony to Congress. 

 

https://www.forbes.com/sites/danalexander/2019/02/27/trump-with-michael-cohen-by-his-side-has-history-of-lying-about-his-fortune/#3a2888553538

 

They may also demonstrate how much smaller his net worth is, than what he claims, although that might be hard to decipher, with his overly inflated assets! 

the difference is hearsay and cohen being a convicted criminal without credibility as source like porn lawyer avanati.

 

wbr

roobaa01

[mtls2005]

39 minutes ago, roobaa01 said:

certainly nadler, schiff and the dem congress clowns bunch try as usual to abuse tax payers money for their abusive trump whitch hunt . thus we had already russian hoax, rascism hoax , recession hoax by dems and their fake news media. now the democrat and fake news media tax hoax about donald trump. as usual lots of silly comments. 

 

Please consider getting your money back on the Russian to Trump/English (grade 3) translation software. And congrats on using the word "hoax" so many times. What does that sound like in Russian?

 

 

Most U.S. citizens, with an ounce of common sense, would say, look, if you have nothing to hide just release everything and show those leftie/commie LSM losers how honest and rich you are. That'll show 'em.

 

Now, if you know there is a loan document, for which you lied, and that was co-signed by Boris and Natasha from Vlad Industries, then carry on fighting.

 

 

 

 

[Becker]

35 minutes ago, mtls2005 said:

 

Please consider getting your money back on the Russian to Trump/English (grade 3) translation software. And congrats on using the word "hoax" so many times. What does that sound like in Russian?

 

 

Most U.S. citizens, with an ounce of common sense, would say, look, if you have nothing to hide just release everything and show those leftie/commie LSM losers how honest and rich you are. That'll show 'em.

 

Now, if you know there is a loan document, for which you lied, and that was co-signed by Boris and Natasha from Vlad Industries, then carry on fighting.

 

 

 

 

No wonder the traitor in the WH fights relentlessly for his boss:

 

Trump's strange relationship with Putin is back in the spotlight

[Mavideol]

Why would the US want Russia back in the club? despite what Trump says (that's for the country) it's all about money

Edited August 28, 2019 by Mavideol

[Mavideol]

59 minutes ago, roobaa01 said:

the difference is hearsay and cohen being a convicted criminal without credibility as source like porn lawyer avanati.

 

wbr

roobaa01

Why would the US want Russia back in the club?

[Solinvictus]

Hopefully his tax details are put out in the open. Why such need to hide stuff especially being the President elected by the people and for the people.  It's funny how Trump supporters are not able to see how this NYC rich guy and previous reality tv show star, really is. It's one thing to jump on the band-wagon and it's another thing to be naive about political leaders.

 

On a side note, I'm really hoping Bernie2020 can win! Hell, or even, Tulsi2020. I'd like to vote in favor of my own socioeconomic class rather the 1% and major corporations.

[Just Weird]

5 hours ago, Tug said:

This is getting ugly fast they are saying it’s a strong possibility that russan oligarchs co signed loans 

"They" are saying that?  Who's "they"?

[Basil B]

8 hours ago, neeray said:

"One of the most transparent Presidents ever".

Yeah, right !

Yes, you can see right through him and his smokescreen...

[Chomper Higgot]

2 hours ago, Misty said:

Particularly the DB loan documents

The loan agreements underwritten and countersigned by Russian oligarchs are a bit of a problem.

[Tug]

6 hours ago, Just Weird said:

"They" are saying that?  Who's "they"?

All except fox 

[usviphotography]

11 hours ago, mtls2005 said:

 

Most U.S. citizens, with an ounce of common sense, would say, look, if you have nothing to hide just release everything and show those leftie/commie LSM losers how honest and rich you are. That'll show 'em.

 

Actually, if you had a ounce of common sense, you'd say the opposite. We just lived through two years of a giant Russian Hoax the media created out of nothing at all. Even a normal person's taxes, if you give it to 50 different tax professionals you'll get 50 different calculated returns. It is no exaggeration to say that Trump probably has among the most complicated taxes of any American alive. Whatever is on those returns, the media will easily be able to bring in "expert" tax attorneys and accountants who will nit pick every little decision his accountants made and proclaim Trump a criminal. Why would he subject himself to that? Trump has been under audit for years, with the official agency charged with policing taxes in our system pouring over his records. He's never been dinged with any serious violations. And even if there were any violations, that would be his accountants and attorneys fault, not his. 

So this is an easy call for Trump. No actual voters care about his taxes. His only decision here is whether or not he wants to feed the Fake News media and give them something else to unfairly bash him over the head about. Not being an idiot, Trump has declined to take the bait. 

[Credo]

33 minutes ago, usviphotography said:

Actually, if you had a ounce of common sense, you'd say the opposite. We just lived through two years of a giant Russian Hoax the media created out of nothing at all. Even a normal person's taxes, if you give it to 50 different tax professionals you'll get 50 different calculated returns. It is no exaggeration to say that Trump probably has among the most complicated taxes of any American alive. Whatever is on those returns, the media will easily be able to bring in "expert" tax attorneys and accountants who will nit pick every little decision his accountants made and proclaim Trump a criminal. Why would he subject himself to that? Trump has been under audit for years, with the official agency charged with policing taxes in our system pouring over his records. He's never been dinged with any serious violations. And even if there were any violations, that would be his accountants and attorneys fault, not his. 

So this is an easy call for Trump. No actual voters care about his taxes. His only decision here is whether or not he wants to feed the Fake News media and give them something else to unfairly bash him over the head about. Not being an idiot, Trump has declined to take the bait. 

Well, I am a voter and I care about his tax returns.   I also cared about past Presidents and candidates tax returns.   I also care to know about whether he has been compromised by loans guaranteed by Russian Oligarchs.   

 

Again, if he has nothing to hide, then don't hide it.   I suspect he has a lot to hide.   So, so, so much obstruction.