Tag Archives: Deutsche Bank

Does Deutsch Bank Have The Goods On Trump?

A journalist friend tells me that some early “newspapers”– more accurately described as pamphlets compiled from recently circulated broadsides–used to have a tag line beneath their mastheads. It read “Interesting, if true.”

Lawrence O’Donnell recently supplied us with a humdinger of “interesting if true” news.

According to Raw Story–and subsequently, several other news outlets, including Salon–Deutsche Bank may have the evidence the Mueller investigation was unable to find.

Fast-tracked impeachment hearings will occur this fall if the bombshell report is true that President Donald Trump had loans with Deutsche Bank co-signed by Russian oligarchs close to Vladimir Putin.

 “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,” MSNBC’s Lawrence O’Donnell reported Tuesday.

If true, this would explain why Trump was so agitated (I know, he’s always agitated, but this was notable even for him) when Congress issued a subpoena to the bank for records of their loans to Trump and the Trump organization. It would explain the lawsuit he filed in an effort to quash that subpoena.

It would also explain his slavish attention to Putin’s interests, most recently highlighted by his behavior at the recent G7 meeting. According to several reports, Trump cornered the other heads of state and aggressively lobbied for Russia’s re-admittance to the group.

Finally, it would explain why Deutsche Bank continued to make loans to Trump after American banks would no longer do so. After several of Trump’s business disasters and bankruptcies left lenders with enormous unpaid obligations, American bankers cut Trump off. That cutoff is not speculation, and Don Junior has been widely quoted for a speech in which he bragged that the Trump Organization no longer needed homegrown lenders, because Russia was supplying all the cash they needed.

Salon quoted journalist and tax expert David Cay Johnston, who has covered Trump for years.

“Deutsche Bank, in making these loans, had to have someone in the background that was guaranteeing these loans. It would be surprising if they’re actually co-signers,” Cay Johnston said in response to the news.  “That would be absolutely astonishing, and I would think mandate his removal from office.”

The only thing Deutsche Bank has confirmed (to the Second Circuit Court of Appeals) is that the bank has possession of the tax returns of at least one member of President Donald Trump’s family.

A lawyer for Trump has now threatened to sue O’Donnell for “false and defamatory” statements. It would be extremely difficult to win such a suit, since O’Donnell himself cautioned that his bombshell report was based upon information provided by a single source–a person who works with Deutsche Bank–and that he had been unable to verify it. (He may have breached journalistic ethics by reporting an unverified accusation–spreading gossip, essentially– but proving intentional defamation would be extremely difficult given his transparency about the source and his inability to confirm that source’s account.)

That said, the information seems so accurate, because it’s so incredibly plausible. Russian oligarch guarantors or co-signers would explain a number of otherwise inexplicable things…

It’s VERY interesting…if true.