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Zorro

(15,740 posts)
Thu Oct 10, 2019, 01:05 PM Oct 2019

Deutsche Bank Does Not Have President Trump's Tax Returns, Court Says

Source: New York Times

Deutsche Bank has told a federal appeals court that it does not have President Trump’s personal tax returns, the court said on Wednesday.

Congressional committees investigating Mr. Trump subpoenaed Deutsche Bank earlier this year for its financial records related to the president, his companies and his family, including federal tax returns. Mr. Trump sued the bank — which has been his main lender over the past two decades — to block it from complying with the subpoenas.

That litigation is working its way through the federal courts. Last month, The New York Times and other media outlets asked the United States Court of Appeals for the Second Circuit in New York to unseal a letter from Deutsche Bank that identified two members of the Trump family whose tax returns the bank possesses.

On Wednesday, the court rejected the media’s request, in part because, it said, Deutsche Bank had informed the court that “the only tax returns it has for individuals and entities named in the subpoenas are not those of the president.”

Read more: https://www.nytimes.com/2019/10/10/business/deutsche-bank-trump-tax-returns.html



Uh huh...
21 replies = new reply since forum marked as read
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Deutsche Bank Does Not Have President Trump's Tax Returns, Court Says (Original Post) Zorro Oct 2019 OP
So, they lent him how much Pantagruel Oct 2019 #1
They're lying. They DID have his returns and admitted it before Trump sued them. ancianita Oct 2019 #2
I've always found the following heuristic to be a good one. Igel Oct 2019 #20
Fair points, well said, thanks.Given Deutschebank's past, I'll bet on the probability of their lying ancianita Oct 2019 #21
Shredders running nonstop everywhere beachbumbob Oct 2019 #3
The Epstein strategy. Eliminate the source, eliminate the problem. jalan48 Oct 2019 #4
What the f*ck turbinetree Oct 2019 #5
We have not seen and heard the last of Deutsch empedocles Oct 2019 #6
So just why has the bank amcgrath Oct 2019 #7
Note the wording melm00se Oct 2019 #8
*dingdinding* Winner! nt crickets Oct 2019 #10
good point The Liberal Lion Oct 2019 #16
Bull-fucking-shit!! They didn't give those loans without tax returns. SunSeeker Oct 2019 #9
Then either they're criminally incompetent or criminally deceptive. TygrBright Oct 2019 #11
Right matt819 Oct 2019 #12
Im sure they have some kind of financial statements neohippie Oct 2019 #13
He probably didn't file Puppyjive Oct 2019 #14
That's bullshit! The Liberal Lion Oct 2019 #15
Note they said PERSONAL tax returns. Did Deutsche give loans to Trump personally, or ... CaptainTruth Oct 2019 #17
Ohhhh...I think that this bank has really shot itself in the foot...dragging investigators and ... SWBTATTReg Oct 2019 #18
Doubt they'd have his personal tax returns, but they DeminPennswoods Oct 2019 #19

Igel

(35,317 posts)
20. I've always found the following heuristic to be a good one.
Thu Oct 10, 2019, 06:34 PM
Oct 2019

It often leads to the truth, and often leads to what the speaker intended without saying he's lying.

Come up with conditions under which the other person's statement would be true. As it is, we have one condition, and insist that it's the One Possible Condition. It's obvious that there are other possible conditions. It might take a bit of work to think of them, but that's okay. Some are more likely than others, but given my relative lack of knowledge the options are to possibly err in order to ask questions or to possibly err in order to just say bad things about people I don't like. One way leads to more knowledge; the other doesn't.

Perhaps they don't have his personal tax returns.

Perhaps they did, but in the course of years decided not to retain the copies they had.

Perhaps they inspected them, certified whatever it was they wanted to certify, and didn't ask for a copy.

Perhaps the funding required confirmation from some sort of tax returns, but there were financial guarantees in place from some other party.

Perhaps they needed proof of assets--most personal loans in the US are based on income as the guarantee, but it should be possible to place a lien on other properties as collateral. Details would depend on German, not US, law.

Or perhaps it wasn't US tax returns that were presented, but some non-US tax returns.

I can only assume there are other options

ancianita

(36,060 posts)
21. Fair points, well said, thanks.Given Deutschebank's past, I'll bet on the probability of their lying
Thu Oct 10, 2019, 06:45 PM
Oct 2019

turbinetree

(24,703 posts)
5. What the f*ck
Thu Oct 10, 2019, 01:32 PM
Oct 2019

they are lying.............................through there teeth.............

I could not go and get a pencil sharper if I did not show my taxes for at least two years on anything......................

This is pure stonewalling..........................bring there asses into a the Congressional hearing..................and then have lay over at banking committee and ask exactly how did you get a license to operate in this country .......................

empedocles

(15,751 posts)
6. We have not seen and heard the last of Deutsch
Thu Oct 10, 2019, 01:35 PM
Oct 2019

They have litigation everywhere - including with NY State

amcgrath

(397 posts)
7. So just why has the bank
Thu Oct 10, 2019, 01:43 PM
Oct 2019

Spent so much time in court fighting the request to hand them over, why has Trump sued the bank not to release them and why has Trump had a team working on this obstruction.

If they do not have them the court should order them to pay court costs for wasting everybodies time

melm00se

(4,993 posts)
8. Note the wording
Thu Oct 10, 2019, 01:44 PM
Oct 2019

Deutsche Bank has told a federal appeals court that it does not have President Trump’s personal tax returns, the court said on Wednesday.

That might say to me that they have Trump's corporate tax returns

SunSeeker

(51,564 posts)
9. Bull-fucking-shit!! They didn't give those loans without tax returns.
Thu Oct 10, 2019, 01:47 PM
Oct 2019

If they did, then they just admitted to money laundering.

TygrBright

(20,760 posts)
11. Then either they're criminally incompetent or criminally deceptive.
Thu Oct 10, 2019, 02:14 PM
Oct 2019

Anyone who has ever gotten a mortgage loan, re-financed their house, applied for a Federally subsidized small business loan, or sought unsecured financing in excess of three to six months' current income has had to supply a copy of their tax return.

They loaned [Redacted] millions, maybe billions, without such due diligence?

Horse puckey.

skeptically,
Bright

matt819

(10,749 posts)
12. Right
Thu Oct 10, 2019, 02:33 PM
Oct 2019

Because banks are known not to require personal tax returns for multi-billion dollar loans.

I'll try that with my bank. I'd rather not give you my personal tax returns. Bank: We'd rather not loan you money.

It would be a very short discussion.

But not for Trump, it seems.

I'd like to check with Lindsey Graham to see if the bank required his tax returns in order to get a mortgage. I look forward to him getting back to us on that.

neohippie

(1,142 posts)
13. Im sure they have some kind of financial statements
Thu Oct 10, 2019, 02:33 PM
Oct 2019

They wouldn't make loans to people without financial statements

We've all heard the stories about how Trump represents is businesses with inflated numbers when he's looking for loans but as deflated as possible when it comes to paying taxes, same with the value of his property

This is how Michael Cohen said he did business, but it's fraud to misrepresent your worth in either case.

Puppyjive

(502 posts)
14. He probably didn't file
Thu Oct 10, 2019, 03:24 PM
Oct 2019

My guess is that Trump has not filed tax returns. I know people who never file and they never get audited.

The Liberal Lion

(1,414 posts)
15. That's bullshit!
Thu Oct 10, 2019, 03:38 PM
Oct 2019

Before opening my real estate brokerage (and yes even before opening my vape shop) I had a finance company where I specialized in both business and mortgage funds for high net worth individuals and entities. Even in the age of no income no assets and stated income loans there is no gottdamn way an entity like Deutsche Bank would lend to a borrower like trump without verification of income and we know trump isn't coughing up 2 years of w2's and 2 months of paystubs. Let's remember trump started using Deutsche Bank AFTER his bankruptcy. No fucking way. Well I should say there is one way, if Deutsche Bank was directed by let's say some ultra power Russian to lend their own funds to trump as some kind of money laundering operation then that's possible. Of course that opens an whole new can of worms.

And let's just say I'm wrong and there are lending programs I am unaware of, well if DB is lending to someone like trump with his record of failure and with no income verification DB's bondholders, investors, and note buyers need to be asking some serious questions at this point.

DB should really reconsider this stance, as this answer means SERIOUS scrutiny of their lending practices are most certainly necessary.

CaptainTruth

(6,592 posts)
17. Note they said PERSONAL tax returns. Did Deutsche give loans to Trump personally, or ...
Thu Oct 10, 2019, 04:26 PM
Oct 2019

... to his corporation?

SWBTATTReg

(22,130 posts)
18. Ohhhh...I think that this bank has really shot itself in the foot...dragging investigators and ...
Thu Oct 10, 2019, 05:42 PM
Oct 2019

others on a wild goose chase or just plain lying. I see massive fines of thousands and thousands of $ a day...

DeminPennswoods

(15,286 posts)
19. Doubt they'd have his personal tax returns, but they
Thu Oct 10, 2019, 05:46 PM
Oct 2019

probably have his business tax returns or certified financial statements. Remember, too, that Trump loans didn't go through the regular channels, but through a special section for personal banking.

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