- May 2013
- N Oregon Coast
Ya gotta wonder why Deutsche, (the favorite money launderer of Russian oligarchs) was willing to loan the Orange Mob Boss money when about every other bank cut him off and considered him an unacceptable risk. Guess we're about to find out!
"As part of our oversight authority and authorized investigation into allegations of potential foreign influence on the U.S. political process, the House Intelligence Committee today issued subpoenas to multiple financial institutions in coordination with the House Financial Services Committee, including a friendly subpoena to Deutsche Bank, which has been cooperative with the Committees. We look forward to their continued cooperation and compliance," Schiff said in a statement.
House Financial Services Chairwoman Maxine Waters said in a separate statement: "The potential use of the U.S. financial system for illicit purposes is a very serious concern. The Financial Services Committee is exploring these matters, including as they may involve the President and his associates, as thoroughly as possible pursuant to its oversight authority, and will follow the facts wherever they may lead us." Deutsche has about $300 million in loans extended to the Trump Organization. The German lender is one of the few large banks willing to do business with the real estate developer.
More on Deutsche:
Deutsche Bank Loaned Trump Billions: Report