May 01, 2019
Trump Sues Deutsche Bank : Why ?

Anthony Piel writes:

President Donald J. Trump filed a lawsuit in Federal Court in Manhattan this week, aimed at blocking Deutsche Bank from turning over Trump's personal and corporate business and tax records in response to a "friendly subpoena" by the US Congress. Here's the How, What, and Why.

Over two decades Trump has borrowed billions of dollars from. Deutsche Bank (DB) because he could no longer get it from American banks. How did DB get this kind of money ? When the Soviet Union collapsed back in 1991, a clique of "oligarchs," led by former KGB agent Vladimir Putin, took over all formerly State-owned assets (mineral reserves, manufacturing facilities) and sold them back and forth among themselves at ridiculous prices.

But then, to conceal all this from the "ordinary" Russian people, the "oligarchs" had to transfer billions abroad via secretive tax havens, disguised "investments," and, oh yes, DB. However, DB couldn't cook up enough legitimate business lending to match the excessive "oligarch's" deposits.

And then along came the Trump and Kushner families and organizations with the opposite problem: not enough cash to cover mounting debts and mortgage payments for their various towers, hotels, skyscrapers, failed casinos, failed university and other fiascos. A perfect match made in heaven (or hell).

For years the Trumps and Kushners engaged in (and are still doing it) a wide range of business fraud and tax evasion. For example: They dipped into a federal EB-5 program for rural development and stole millions of dollars for personal use and to defer mortgage payments in their urban developments — exactly what the law was NOT intended to do. For background on the hundreds of criminal scams, fraudulent tax-evasion schemes committed by the Kushners and Trumps, see Vicky Ward's "Kushner, Inc. — Greed, Ambition, Corruption," (St. Martin's Press, 2019).

Little wonder. Trump is absolutely, insanely opposed to disclosure of the truth.

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Posted by Jerome Doolittle at May 01, 2019 05:05 PM
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