One of the things that was made clear in Michael Cohen’s testimony to Congress was that Donald Trump has committed bank fraud. Just like his campaign manager, Paul Manafort, Trump provided banks with purposely incorrect information about his assets, debts, and total net worth. And yet, one of those banks—Deutsche Bank—gave Trump loans even after he had defaulted on previous loans to the tune of hundreds of millions of dollars. It gave Trump loans even after Trump sued it. The question of why Deutsche Bank would give Trump a loan long after every other bank had turned its back is one of the factors that’s resulted in a subpoena for Trump’s loan applications—a subpoena Trump is now suing to block, by suing Deutsche Bank.
But, as Bloomberg points out, one of the things that Deutsche Bank got a peek at before cutting one of those giant checks to Trump was his tax returns. Two sources inform Bloomberg that for a 2012 application, Deutsche Bank asked for, and got, a look at the tax forms before agreeing to a loan for the Trump Organization.
How much of Trump’s tax returns are featured in the documents that Deutsche Bank retained from that application isn’t clear, but it seems likely that, no matter how hard Steven Mnuchin guards the door at the IRS, Deutsche Banksters may still hand over critical portions of Trump’s taxes that will give Congress the insight into Trump’s finances it’s been seeking.
That helps to explain why Trump has filed suit to keep the bank from providing any financial information, just as he has also moved to block his accountants from turning over any information. Not only could the Deutsche Bank application show that Trump committed a crime for which Manafort has already been convicted and sentenced, it could reveal … whatever it is that Trump has been hiding in his taxes from day one.
And for extra fun, there’s the issue of how Deutsche Bank got a chance to review Trump’s tax records: blame it on Ivanka.
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