skews13
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- Mar 18, 2017
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The Wall Street Journal is reporting that even though Trump and his Attorney General/personal concierge Bill Barr have been refusing all congressional subpoenas for Trump's business and financial records, as multiple committees investigate alleged wrongdoing ranging from campaign-trail hush money payments to tax evasion to bank fraud, Congress and New York state investigators are both having success in getting many of those documents from the banks involved in those Trump transactions. Cooperating banks include Deutsche Bank, JPMorgan Chase, Citigroup, Bank of America, and others.
Trump may have an attorney general willing to reinterpret laws as needed in order to block investigations by Congress, but the banks don't quite have that same level of obstruction powers, nor is it in their benefit to get into a pissing match with lawmakers during a time when many of the top 2020 presidential candidates are calling out those banks as needing strict new oversight and reforms. Several—looking at you here, Deutsche Bank—have been mired in other criminal probes to an extent that they may especially want to bend over backward on this one. None of them are so devoted to Trump, a relative minnow in the world of high finance, that they would risk themselves on his behalf.
While Trump and Barr stonewall, Congress has obtained 'thousands' of Trump docs from his banks
Trump may have an attorney general willing to reinterpret laws as needed in order to block investigations by Congress, but the banks don't quite have that same level of obstruction powers, nor is it in their benefit to get into a pissing match with lawmakers during a time when many of the top 2020 presidential candidates are calling out those banks as needing strict new oversight and reforms. Several—looking at you here, Deutsche Bank—have been mired in other criminal probes to an extent that they may especially want to bend over backward on this one. None of them are so devoted to Trump, a relative minnow in the world of high finance, that they would risk themselves on his behalf.
While Trump and Barr stonewall, Congress has obtained 'thousands' of Trump docs from his banks