President Donald Trump, his family and the Trump Organization filed a lawsuit against Deutsche Bank and Capital One in an attempt to block congressional subpoenas seeking their banking and financial records.
The lawsuit by Trump, sons Donald Jr. and Eric and daughter Ivanka was filed Monday in federal court in New York. The Trump Organization and the Donald J. Trump Revocable Trust are among the other plaintiffs.
Two House committees subpoenaed Deutsche Bank and several other financial institutions earlier this month as part of investigations into the Republican president’s finances.
House Intelligence Committee Chairman Adam Schiff, D-Calif., said at the time that the subpoenas were part of an investigation “into allegations of potential foreign influence on the U.S. political process.” He has said he wants to know whether Russians used laundered money for transactions with the Trump Organization. Trump’s businesses have benefited from Russian investment over the years.
The Trumps want a federal judge to declare the subpoenas unlawful and unenforceable. The lawsuit also seeks to block the financial institutions from disclosing information and complying with the subpoenas.
“The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, and to ferret about for any material that might be used to cause him political damage,” the lawsuit said.
Eric Trump, executive vice president of The Trump Organization, called Democrats “deranged” and the subpoenas a form of “presidential harassment.”
“This is all these people do,” he said Tuesday on “Fox & Friends.” ”They don’t want to do their jobs. They want to harass Trump.”
The lawsuit also charges that the congressional committees — the House intelligence committee and the House Financial Services Committee — “ignored the constitutional limits on Congress’ power to investigate” and that the subpoenas “lack any legitimate legislative purpose.”
When the subpoenas were issued April 15, Eric Trump called them “an unprecedented abuse of power and simply the latest attempt by House Democrats to attack the President and our family for political gain.”
Deutsche Bank, a German asset management firm, has lent Trump’s real estate organization millions of dollars over time.
“We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations,” Deutsche Bank spokeswoman Kerrie McHugh said in a statement Tuesday.
Capital One did not immediately respond to a request for comment.
(AP)
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6 Responses
What kind of sick perverted country are we living in where every detail of the president’s finances is demanded to be made public whose business is it how much money the president is actually worth we all know exactly what this is about they want to see his tax returns there is no law requiring him to show his tax returns who cares if every other president was a wimp and showed it because people asked it’s really nobody’s business and should not make any difference while at the same time we have a former president who has never yet shown his valid birth certificate or any of his college records birth certificate being a legal prerequisite for someone born ostensibly out of the country in order to be legally allowed to be the president that the media has no problem with the fellow not showing but if Trump doesn’t show his tax returns to satisfy the Curiosity of every voyeuristic journalists then it becomes a national issue
Kluger, 0bama did eventually release his full birth certificate, but there was never any legal requirement for him to do so. He was not “born ostensibly out of the country”; there was never any foundation for that idea, it was pure speculation, just like Harry Reid’s despicable speculation that Romney had not paid any taxes for ten years, or my own speculation in return that Reid had the bodies of three girls buried in his basement.
As for Trump’s tax returns, the chairman of the House Ways and Means committee has the right to see anyone’s tax returns, for any reason he likes. The IRS must give them to him, and are breaking the law by not doing so.
There is a hungarian saying translated, if you have butter on your head, don’t go under the sun. If you don’t want to be investigated, don’t become president.
This degenerate lying adulterer is desperate to hide his finances. As an employee of the citizens of the U.S., we have a right to know whether he and his family are involved in criminality and whether they are compromised by powers foreign or domestic.
millhouse
can you provide me with a link to see it?
i followed that story and never saw it
btw if there was a claim that he was not a natural born citizen, thats a bit more germane to clear up than trumps tax forms
i dont know the law your quoting but even if
that is a private matter the same as any citizen
not germane to the legitimacy of the presidency
the same as he needs to stop at a red light (when in a private car)
It is an interesting legal question. Does a Congressional committee have the same requirements as the police in wanting to look at tax returns (or for that matter, any government records)? “Data protection” (originally “datenschutz” which originated in post-Hitler Germany as a reaction to the Gestapo having had easy access to all sorts of personal data which they used for nefarious purposes) rules in many countries suggest that private data is not for sharing, but it isn’t at all clear what US law is. Does the fourth amendment protection against unreasonable searches apply to the Congress. Does the Congress really want to say it can use its powers to look at anyone’s tax returns, or other private submissions to the government, for the purpose of gaining political points? Is causing political embarassment a reasonable use of that power? And do the Democrats really want to make Trump into a martyr for the cause of data protection and right to privacy?