Showing posts with label Deutsche Bank. Show all posts
Showing posts with label Deutsche Bank. Show all posts

Wednesday, August 28, 2019

LAWRENCE O'DONNELL RETRACTED THIS STORY: Unconfirmed report:Russian billionaires backed Donald Trump Deutsche Bank loans


August 28, 2019: PROGRESSIVE STREET NEWS BYTES...Where Liberals Walk

Will Deutsche Bank finally impeach Donald Trump?  

Maddow-Trump-O'Donnell...The Interview
Controversial MSNBC host Lawrence O'Donnell qualified right up front that his story re. Donald Trump's Deutsche Bank loans were co-signed by Russian oligarchs close to Vladimir Putin had only one source and needed further confirmation. But additional information from Pulitzer Prize-winning investigative reporter and tax expert David Cay Johnston sheds more light on a story that promises to be quite interesting, if not explosive. Here's the scenario...
O'Donnell, appearing on the network Tuesday night with host Rachel Maddow, said that "this single source close to Deutsche Bank has told me that the Trump — Donald Trump's loan documents there show that he has co-signers. That's how he was able to obtain those loans. And that the co-signers are Russian oligarchs."
O'Donnell added...
"If true, that would explain every kind word Donald Trump has ever said about Russia and Vladimir Putin."
But what is more interesting is David Cay Johnston's take on the issue...
“If Deutsche Bank has Donald Trump’s tax returns, isn’t the only purpose for a bank to have tax returns is for loans?” O’Donnell asked. “Is there — I can’t think of any other reason why the bank would have his tax returns.”
Deutsche Bank wants to turn over Trump tax returns to House...


O'Donnell spars back and forth with Johnson on Trump's investigation by the U.S. House of Representatives, which is seeking information from Deutsche Bank in a Russian money-laundering investigation. O'Donnell followed...
“If those loan documents show co-signers, let’s just go to that, your understanding of Donald Trump’s finances by the time he’s trying to get loans from Deutsche Bank after every other bank has turned him down. Would it make sense that he needs co-signers at that point?”
Johnson replied, "Oh, absolutely."

O'Donnell then wants to know why Trump would pursue a loan with Russian co-signers?...
“Well, it would be the best place for him to go and it fits with the family’s own public statements — that they’ve tried to walk back since — about getting lots of assets from Russia.”
But, as the TV commercials say, 'Wait, there's more'...
"Donald may well have other backers. The next places to look would be the Saudis, the Emiratis and perhaps some people in Turkey, given Michael Flynn, his National Security Adviser, having been on the payroll illegally of Turkish interests when he was in the White House.”
Lawrence O'Donnell's statement on Trump Russian-backed loans...


Donald Trump's obsession with money seems endless, and with no ethical parameters whatsoever. Bob Brigham of RawStory reports...
"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."
Does anyone else agree that now we have come full circle with the Mueller Report detailing investigations of Russian interference with the 2016 elections? Stemming from those hearings were other accusations of Trump family improprieties with Russia featuring Donald Trump and Vladimir Putin. However, although the source for Lawrence O'Donnell is close to Deutsche Bank, nothing is final in this story until additional sources come forward. We can only hope.

Sunday, August 25, 2019

Obama's deficit numbers yugely better than Trump's


August 25, 2019; PROGRESSIVE STREET NEWS BYTES...Where Liberals Walk

Obama's deficit numbers yugely better than Trump's  

Donald Trump and his favorite bank

Republicans have run for cover since Donald Trump's budget deficit "is skyrocketing, projected to rise 25 percent over last year and heading to over $1 trillion next year." Here's the scenario...
"Tax revenues are $430 billion below where they were expected to be before the Trump tax cuts while spending is in drunken sailor territory adding $1.7 trillion in the next decade.”
There's more from RawStory's Tom Boggioni...
“Put it another way, deficits have risen from a decade low of 2.4 percent over Obama to a projected average 4.7 percent of GDP over the next decade. Remember, all this is happening during the nation’s longest economic expansion when deficits should be shrinking.”
Clearly, former President Barack Obama was doing something that T-rump can't seem to do: 'Run the country competently. How about Trump's tax cut that was eventually supposed to trickle down into the middle-class and lower; it has only made the wealthy even wealthier? And perpetual battle with China over tariffs that most recently has been judged as costing American consumers $1,000 annually in the near future? How about the fight with fed chairman Powell?

These are all issues given to us by the Oval Office lunatic who appears to be teetering on madness based on his maniacal tweets. It's not only the rich and corporations that will profit. Get this...
"Trump stands to save millions of dollars annually in interest on outstanding loans on his hotels and resorts if the Federal Reserve lowers rates as he has been demanding, according to public filings and financial experts."
Pathetic Trump official defends tax budget/deficit...


That's why he is constantly on the back of fed chairman Jerome Powell, calling him every name in the book. Here's the deal on Donald Trump's potential savings on his hotel properties...
"The payments on all four properties vary with interest rate changes, according to Trump’s official financial disclosures. That means he has already benefited from falling interest rates that were spurred in part by a cut the Federal Reserve announced in July, the first in more than a decade — and his payments could drop by millions of dollars more annually if the central bank grants Trump’s wish and further lowers short-term rates."
Once again we're talking about T-rump's buddies, Deutsche Bank, which was "one of Trump’s biggest lenders, sticking by the real estate mogul when other US banks refused to lend after he went through a series of bankruptcies." But are interest rates the most important threat to the economy?...
"most economists and business leaders say Trump’s trade war is the biggest threat to the economy, not interest rates, which are already at historically low levels."
Yet Donald dufus plods right along with yet more tariffs, while pressuring the feds for lower interest rates that will benefit him. Go figure. 

Sunday, July 14, 2019

WEEKEND NEWS DIGEST: George Houraney v. Donald Trump


July 14, 2019

PROGRESSIVE STREET...Where Liberals Walk  

Donald Trump should examine closely the saying by 17th-Century English theologian Thomas Fuller, "it is always darkest before the dawn," which Washington Monthly's Martin Longman says may have been meant to be optimistic, but in Donald Trump's case is more of a warning. He speaks of the "smut business" of Jeffrey Epstein involving human trafficking of underage girls, evolving almost on the front lawn of the White House. So far, T-rump has been unable to shake it.

In a CNN opinion piece by Elie Honig, who used to work for the independent Southern District of New York, Jeffrey Epstein's "just being charged by the SDNY is, in itself, a defendant's nightmare." Honig cites the track record...
"the conviction rate on federal charges is typically over 90%, and the conviction rate in federal human trafficking cases is even a tick higher than that."
Epstein's victims will have a chance to testify against him, many of whom are now adults and have already come forward. Will he go to trial, plead guilty without cooperation, or cooperate? These are his three choices, and it also has to be considered that others will be implicated with him along the way. It is obvious the noose is tightening around Jeffrey Epstein's neck. Anyone aware of any spare rope in the White House?

Jeffrey Epstein charged by Southern District of New York...


And just recently Trump friend, Florida businessman George Houraney, "dropped a dime" on Donald Trump, as expressed by Vanity Fair's Eric Lutz...
"There was a time when Trump could be counted among Epstein’s rich, well-connected friends. And, according to a report in the New York Times on Tuesday, the relationship may have been a good deal closer than the president has let on."
There's more...
"Per the Times, Trump in 1992 directed Florida businessman George Houraney—who would later accuse Trump of sexually harassing his former girlfriend and business partner, Jill Harth—to organize a members’ only 'calendar girl' competition at Mar-a-Lago."
Houraney claims Trump deceived him into thinking this would be a party of VIPs. In warnings about Epstein’s behavior, banning him from Houraney's events, the latter said, “Trump didn’t care about that.”

Ring of Fire site exposes Donald Trump/Jeffrey Epstein with 28 girls...


Jeffrey Epstein wealth just a fantasy? A new report says his reputation of being a billionaire appears to be a myth. "The story also revealed that Epstein has been a client of Deutsche Bank, the embattled institution facing waves of controversy in recent months and years." Along with his exploits with underage girls, Epstein has also become prominent because he has been identified with former president Bill Clinton and the current Oval Office lunatic, Donald Trump.

Could Jeffrey Epstein walk again on double jeopardy? Untangling a lot of legal jargon, it would seem that double jeopardy could impact New York's case against Epstein but prosecutors will argue...
"that the 2007 SD-Florida non-pros does not bar a 2019 SDNY indictment arising out of the same conduct and charging the same offenses."
Andrew McCarthy of the conservative National Review cites the recent Supreme Court ruling on the “'dual sovereignty'” doctrine — hurts, rather than helps, the SDNY’s position." Not good. Apparently the key is that SDNY only has new evidence not a "new offense," which is necessary to overcome the double jeopardy. "There has to be proof of a discrete criminal transaction that amounts to a new offense." I thought Epstein's shenanigans were ongoing. We'll see,

Read more: "The state of New York protected Jeffrey Epstein — not his victims"

Why did Jeffrey Epstein wire $350,000 to two co-conspirators? Federal prosecutors allege "he wired hundreds of thousands of dollars to two potential witnesses, according to court documents." The $350,000 was wired...
"between November and December in 2018, after The Miami Herald published its extensive investigation about his previous plea deal."
"The two individuals who were alleged to have received the money were possible co-conspirators prosecutors said, according to NBC News."
 These are charges of witness tampering with two unnamed individuals that may have been co-conspirators, according to prosecutors, who are requesting no bail for Epstein. Business Insider reports...
"This course of action, and in particular its timing, suggests the defendant was attempting to further influence co-conspirators who might provide information against him in light of the recently re-emerging allegations," prosecutors said in court filings."

Friday, April 26, 2019

Mueller formulates plan to nail Donald Trump after White House


The perpetrator caught
Although questionable Justice Department guidelines say that a sitting president can't be indicted, Robert Mueller's just released report provides several guidelines to get Donald Trump when he is ejected from the White House in the 2020 election. Mueller's knowledge of the law gave him the background to assemble "an investigation into obstruction that could outlive President Donald Trump's time in the White House and his temporary immunity."

That means when T-rump is just another man on the street, law enforcement at all levels will be able to vigorously pursue the evidence provided by Mueller. One of the questions is, will Trump have enough money and legal power to fight off these attacks. In deciding how to approach the debacle...
"Mueller wrote that he was adhering to DOJ guidelines and also considered the 'burdens' an indictment would place on the President's ability to govern and respond to the allegations while in office."
That's nice, but when most of the country just wants to get rid of this ego maniac, it falls short of public expectations that want to get the United States back to normal again. People want a return to respect, something they haven't seen any of from the Oval Office lunatic. Mueller's wording in the report leaves the door open to "future criminal exposure for Trump when he is no longer in the White House." And there's much more...
"Trump's immediate criminal exposure is protected by his status as president and also by the decision of Attorney General William Barr, whom Trump appointed, to not bring a case." Convenient! Although Mueller did not pass along the investigation to Congress, he pointedly reminded it of their responsibility...
"a constitutional checks and balances role and can consider obstructive acts under its impeachment authority."
The House is now seriously considering impeachment since T-rump has refused to release his taxes. And the New York Attorney General has actively begun its investigation of Trump after Deutsche Bank turned over, "financial records related to its business with President Donald Trump." With everyone closing in, it appears that the fraudulent Donald Trump could soon meet his reckoning. And about time.

Wednesday, April 10, 2019

Trump has much more baggage than just Mueller Report


T-rump definitely in a squeeze
Aside from himself, there is his business, and his family is in jeopardy from many other investigations and lawsuits. This should be a classic example of 'when you do the deed, you do the time.' Unless the Donald Trump legal ensemble can pull this whole mess out of the fire. Many hope that he and his family get their just desserts from using the U.S. government to lie their way through scenario after scenario and connive their way to federal positions of power.

 But the big news is something uncovered in a lawsuit filed against Felix Sater, a Russian-born mobster and government informant who worked closely with Trump for years. Get that, a 'mobster" compounded by the fact he "worked closely with Trump for years." We've had questionable presidents over time , but there is no doubt in my mind that none of them can beat Donald Trump's corruption. Here's what Salon says...
"The bureau should have intimate knowledge of business dealings between the mobster and Trump, who despite being cut off by every major bank except one, was flush with cash after a few years of working with Sater. The one bank that kept loaning Trump money was Deutsche Bank, which has been fined more than $600 million for laundering money for Russians."
Vox mentions a few of Trump's continuing problems: The hush money investigation; The Trump inaugural committee investigations; New York state-based investigations (a biggie!); and miscellaneous Lawsuits. If Mueller can't bring T-rump down, political pundits feel like the above, particularly the New York action, will. Sater's testimony yielded...
"that between Trump, when he was a private citizen, and a host of Russian criminals and a North Korean nuclear weapons materials trafficker there is only one degree of separation: Sater."
I don't believe Al Capone and John Gotti combined had this much dirt in their corner and they didn't wiggle out. 

Monday, March 25, 2019

Mueller Report release ends further indictments, but...

New York Attorney General

Rep. Adam Schiff (D-Calif.), the chairman of the House Intelligence Committee has said after the release of the Mueller report, "There is still ‘significant evidence of  collusion.’" House Judiciary Chairman Jerrold Nadler (D-NY) ays he "doesn’t need the Mueller report to know whether the Trump campaign colluded with Russia." The Hill says if Democrats feel "emboldened" to take it further, it could "look like overreach to many Americans." My gut tells me that only the radical conservatives will take the latter position, with Mueller's remarks leaving open the extent to which Donald Trump should be held accountable. 

But the Mueller Report is, perhaps, the least of Donald Trump's worries. The New York Attorney General is investigating T-rump on several fronts. His business deals, various projects, his finances, and in the latest has issued subpoenas to Deutsche Bank and Investors Bank for records relating to the financing of four major Trump Organization projects. The state of New York will not be impeded by a Republican Congress that has protected Trump during all of his administration, so far. There has to be an end to this, and it isn't likely to be favorable to Donald Trump.

Donald Trump Says He Will Be Indicted On Tuesday

  THAT'S TODAY... Manhattan District Attorney Alvin Bragg has brought the case to this point, now looking at a possible indictment. Trum...