Deutsche Bank says it has Trump-related tax records Congress wants

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Deutsche Bank said in court papers it has tax returns in the wake of a subpoena sent this year, in which Congress asked the bank for a host of documents related to Mr. Trump and his family.

But the bank didn't specify whether those documents include tax returns filed by Mr. Trump.

The bank, in its court filing Tuesday, blacked out the name of the person or people whose tax records it had, citing privacy rules. It said it also has tax records "related to parties not named in the subpoenas but who may constitute 'immediate family'" of individuals named in the document request.
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https://www.cbsnews.com/news/deutsc...records-congress-wants/?intcid=CNI-00-10aaa3b

Another Individual 1 situation.... They have tax returns for individuals named in the Trump document request and his/her family, but they have to redact the names so we don't know FER SURE they have Trumps tax returns??

Hmm... a real brain tickler there...

The major question to me is can/will the bank turn over the tax records during a request for documents on Trump?? That's an interesting privacy question.

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The second related story with this is the Larry O'Donnell news that Trump's Deutsche bank loan cosigners are "Russian billionaires close to Vladimir Putin"

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"If true, that would explain every kind word Donald Trump has ever said about Russia and Vladimir Putin," he said.
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I guess it would.... But I suppose this will be discounted as an anonymous source story. I'm willing to disregard it until the loan documents are made public, but O'Donnell is certainly putting it out there while putting his own reputation on the line here... Ballsy reporting.

Lot to chew on.... Almost worthy of 2 threads, but not quite...

 

Trump repeatedly promised to respect the tradition of candor expected of American presidential candidates and release his tax returns to the American people.

Given his consummate failure to fulfill his commitments to replace 'ObamaCare' with "something terrific!" that covers "everybody!" at "less cost!", build his "big, beautiful wall!" that he'd make Mexico pay for, rebuild the nation's crumbling infrastructure, eliminate the national debt, etc., etc., etc., he should welcome assistance from Deutche Bank in fulfilling one such vow.

Otherwise, some might begin to suspect him of not always telling the truth.

 

I wonder if Deutschebank can use this in their advertising as TRULY being a full service bank??

Nobody else wants to jump in here?? Donald Trump's loan(s) potentially cosigned by Russian billionaires?? Not even going to whack at O'Donnell for using anonymous sources???

Wow... some folks must realize this is potentially very large news... I'm watching MSNBC this AM and they have barely touched this, while I think this could be some of the biggest news of the summer... maybe I'm misreading this...

 

How is this news? When getting a loan it's not uncommon to submit tax records. Banks want to know what sort of assets one has when giving a loan. That's not a crime at all...but...wait for it...."common knowledge"

 

This should tell you it's a none story. Letting a bank know of your assets for a loan, is well common knowledge.....and the bank responding to a Congressional subpena is even less newsworthy

 

The Mueller report was a complete dud, so now the left goes back to the tax returns.

Like dogs returning to their vomit.

 

OK, fair enough... DB has Trump's tax returns... I think it was always assumed (although interesting Capitol One doesn't have them too) that they are needed for large loans. That's not so much the newsy part, although interesting to see confirmed. Also seemingly confirmed they have "immediate family" returns as well..

Can DB give those tax returns to Congress (or NY AG) as part of their subpoena for financial documents that DB is already complying with??

 

Disregarding part 1 of this story for a second, what would your response be if O'Donnell's report is true?

 

Unlike Trump, those investigating Trump can walk and close an umbrella at the same time...

 

I don't know if they do or not....I don't know the practice of every bank in the world. I am not sure why it's surprising other family members that got loans, or were part of the company getting the loans would have had to share their assets as well.

Not sure if they can...if they have the returns....but I don't see anyone fighting, in Court, DB reply to Congress.

 

Nothing...and real estate developing company got a loan....they do it all the time.

 

Is it common to have Russian co-signers?

 

Not all of them get their loan co-signed by Russia then run for president praising Russia while Russia is committing espionage and meddling in our election to help them win

 

The salient point that gets glossed over.

 

A US real estate developing company got a loan with the assistance of "Russian billionaires close to Vladimir Putin", where the owner of said company goes on to become president while proclaiming he had nothing to do with Russia??

Sorry, my friend, that will become YUGE news if/when confirmed... It's one thing to discount the Moscow Trump Tower deal, since it didn't eventually materialize, but this is completely different. I personally had no issue with that, except for the organized lies about it...

As a banking aside, I wonder what collateral or documentation DB would require from such cosigners?? Could be just as simple as assets on deposit, but I doubt it...

 

You actually going out on a limb for this MSNBC report? "Russian oligarchs" CO-SIGNED loan apps.? I'll believe that when I see it. Listed as credit references more likely IMO ... and "name dropping" prominent business associates isn't unusual.

 

having never completed an application for a business related loan, I always assumed that the tax return of the corporation was part of the package, do they also require personal records? <no idea.

 

I'll hold you to that... While I say right now I'll call Larry out for peddling BS when we eventually see who Trump's cosigners are and it's not this...

LOL at "credit references"... That might actually be worse.. I hope there are Russian billionaires listed as "credit references"....

A credit reference can be anyone who has given you credit or otherwise had a financial relationship with you.

 

One thing I'm curious about, are there ANY Russian billionaires that are NOT close to Vladimir Putin? How is that defined, did they once have lunch? Based on the definition of "close" are there any US billionaires that are not considered close to Clinton/Bush/Obama/Trump? Billionaires have access to political leaders, they always have.

Can we have a list of approved billionaires around the world that are "clean" and how/why they are determined to not be close to anybody?

I'd like that list to be specific with first/last names, and the name "billionaires close" means squat, nada, zilch.

 

True....not everyone is able to run for President, let alone win. Biden for example is a three time loser, and Clinton a two timer....and neither have been successful in business, real estate or other.

As far as their ties to Russia....well at least Clinton's have been well documented.

 

Ok....yeah....there were no deals in Russia. If someone investigtor from Russia wanted to invest in real estate here...there is nothing preventing that.

We keep waiting on this YUGE news about Russia....and it keeps not happening

 

Great question....although for purposes of Trump, I'm not sure there's a huge difference... Trump sort of IS the business, as he sells it... His name is on it..

A larger question might be: Are the DB loan(s) categorized as personal loans or corporate loans?? All you ever hear are "Trump's loans", but that's never clear if it's personal or corporate....

 

Yeah ... dropping the name of a loyal banks customer you've done business with, or who'll vouch for your credit worthiness is criminal! I can't imagine anyone who isn't a major shareholder in a business venture actually CO-SIGNING a loan. This "report" seems fetched and desperate. MSNBC again dropping in the latest ratings needs a "big story" and Maddow's "Trump's tax returns!" immediately comes to mind.

 

They sure can't seem to get those walls closed in though.

 

You are most likely correct... It's a redundant use of Vladimir Putin, but doesn't mitigate the issue in any way, if proven true.

Although, if true, I'm sure that's the tack Trump will take.... "My cosigners have nothing to do with Putin or the Government", which as you just said yourself, is pretty much impossible...