Donald Trump hits the panic button after Deutsche Bank and Capital One begin turning over his financial records
Even as House Democrats work their way through a long and complex legal battle to try to force Donald Trump’s Treasury Department to turn over Trump’s tax returns, House Democrats have been finding far more immediate success in getting Trump’s financial records directly from various financial institutions. Accordingly, Trump hit the panic button tonight over his finances.
Over the past two weeks it’s been reported that Deutsche Bank, Capital One, Mazars, and JP Morgan Chase are all in various stages of cooperating with House Democrats when it comes to turning over Donald Trump’s banking, mortgage, and accounting records. These aren’t the same thing as his tax returns, but they’ll nonetheless provide a comprehensive glimpse into Trump’s finances – including any illegal activities and secret financial entanglements with foreign nations. How far along is this process? Maxine Waters said earlier this month that Deutsche Bank had already given her some of Trump’s banking records.
For whatever reason, Donald Trump has finally decided to take belated action tonight in an attempt at stopping the inevitable. Trump and his kids are now suing Deutsche Bank and Capital One to try to block them from turning over his records to the House, according to NBC News and other major news outlets. This won’t work in the long run, and Trump can only hope to slow down the process, though House Democrats will ask the courts to throw out the suit immediately.
In any case, this is a reminder of just how desperate Donald Trump is to prevent anyone from finding out what’s hiding in his finances. Even as Trump tries this last ditch effort, last week we learned that Deutsche Bank was turning over Trump’s financial records to the New York Attorney General. This is a tidal wave, and Trump can’t stop it.
