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 Trumps 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 medias 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...
Pantagruel
(2,580 posts)without seeing his taxes? Really?
ancianita
(36,060 posts)Igel
(35,317 posts)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)beachbumbob
(9,263 posts)jalan48
(13,869 posts)turbinetree
(24,703 posts)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)They have litigation everywhere - including with NY State
amcgrath
(397 posts)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)Deutsche Bank has told a federal appeals court that it does not have President Trumps personal tax returns, the court said on Wednesday.
That might say to me that they have Trump's corporate tax returns
crickets
(25,981 posts)The Liberal Lion
(1,414 posts)SunSeeker
(51,564 posts)If they did, then they just admitted to money laundering.
TygrBright
(20,760 posts)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
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)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)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)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)... to his corporation?
SWBTATTReg
(22,130 posts)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)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.