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Why Deutsche Bank Remains Trump’s Biggest Conflict Of Interest

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Why Deutsche Bank Remains Trump’s Biggest Conflict Of Interest

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Deutsche Bank

Reprinted with permission from ProPublica.

If you measure President Donald Trump’s conflicts of interest by the amount of money at stake, or the variety of dicey interactions with government regulators, one dwarfs any other: his relationship with Deutsche Bank.

In recent weeks, Deutsche Bank has scrambled to reach agreements with American regulators over a host of alleged misdeeds. But because the president has not sold his company, the bank remains a central arena for potential conflicts between his family’s business interests and the actions of officials in his administration.

“Deutsche poses the biggest conflict that we know about in terms of dollar amounts and the scale of legal exposures,” says Brandon Garrett, a University of Virginia law professor and author of Too Big To Fail: How Prosecutors Compromise with Corporations. In trying to clear up its outstanding regulatory troubles, the bank “may have tried to do its best to avoid the appearance of impropriety but it may be impossible for them to do so.”

Deutsche is Trump’s major creditor, having lent billions to the president since the late 1990s even as other American banks abandoned Trump, who frequently bankrupted his businesses. While the president hasn’t released his tax returns, he has made public some information about his debts. According to these incomplete disclosures and reports, the Trump Organization has roughly $300 million in loans outstanding from the bank. Trump continues to own the business, although he has turned over day-to-day management to his sons.

At the same time that it is Trump’s biggest known creditor, Deutsche is in frequent contact with multiple federal regulators. While the bank agreed last week to pay $630 million to settle charges by New York state’s top financial regulator as well as the U.K.’s Financial Conduct Authority that it had aided Russian money-laundering, it’s still undergoing a related federal investigation into those activities, which it is also trying to settle. That will be an early big test of the Justice Department under Attorney General Jeff Sessions. The Justice Department also has an ongoing probe of foreign exchange manipulation by several banks, including Deutsche Bank.

Even if the bank clears up the ongoing federal cases, it will remain weighed down by past transgressions. During the housing bubble, Deutsche Bank misled buyers about the quality of its mortgage securities and omitted important information. In 2015, its London subsidiary pleaded guilty in connection with the multi-bank conspiracy to manipulate global interest rates and paid $775 million in criminal penalties.

Deutsche will soon have an astonishing six independent monitors monitoring its conduct — the most ever for one company, according to Garrett. Drawn from the ranks of consultancies and law firms, these overseers make sure Deutsche complies with previous state and federal settlements and regulations relating to its foreign exchange manipulations, global interest rate fraud, sales of dodgy mortgage securities, derivatives trading, and sanctions evasion.

Indeed, the independent monitor of Deutsche’s derivatives reporting, Paul Atkins from Patomak Partners, has his own conflict of interest. Atkins served on Trump’s transition team and played a role in appointing federal financial regulators. He is now monitoring whether Trump’s business partner complies with the terms of a settlement with the Commodity Futures Trading Commission on derivatives reporting.

A Patomak spokeswoman declined to comment.

Meanwhile, the Federal Reserve has regulators sitting in Deutsche’s offices, as it does with every big bank, keeping a watchful eye on the firm’s safety and soundness. Last year, the Fed failed Deutsche Bank during its annual stress test, finding that it had insufficient capital and could not withstand another financial crisis. And the Securities and Exchange Commission and the CFTC regulate its investment banking and trading activities.

A Deutsche Bank spokeswoman declined to comment. The White House did not return an email seeking comment.

The Trump Organization’s wide-ranging business dealings could raise quandaries for an array of government agencies, from the Department of Labor, which regulates the company’s employment practices, to the General Services Administration, which leases Trump his hotel in Washington, D.C. “Just about everything that every branch, every type of enforcement, every action from every agency could touch on Trump’s conflicts. There is no end to the corruption and ethics concerns,” Garrett says.

But the potential conflicts may be most acute at the Justice Department. Whether the Justice Department walks away from an investigation or takes a hard line against Deutsche Bank, its every move will be scrutinized as either too tough or too weak.

With new management, Deutsche Bank has embarked on an effort to rebuild its reputation. Deutsche CEO John Cyran has conducted an apology tour for the bank’s multiple and serial misdeeds. The money-laundering settlement isn’t Deutsche’s only recent move to close out government probes. In January, it agreed to pay $95 million to end a tax fraud investigation by the U.S. Attorney for the Southern District of New York. And in December, it became one of the last of the global banks to resolve civil charges over the creation and sale of misleading mortgages investments, agreeing to pay a penalty of $3.1 billion.

In these agreements, Deutsche capitalized on the Obama Department of Justice’s eagerness to settle, according to defense attorneys who don’t represent the bank but are familiar with the cases. Outgoing administrations desire to wrap investigations up so departing prosecutors may shine their resumes on the way out the door.

The Obama administration had an added incentive to reach settlements because it worried the Trump administration Justice Department might seek smaller penalties or otherwise go soft on corporations. That helps explain why Deutsche Bank’s mortgage securities settlement, which included $4.1 billion in credit for consumer aid in addition to the penalty, was far below the $14 billion figure reported in the fall as Justice’s opening bid. While most observers expected that figure to come down sharply, Deutsche’s terms were still widely considered favorable.

Even so, Deutsche’s share price remains depressed as investors worry about the bank’s future payouts and ongoing fragility. The bank faces class action suits alleging efforts to manipulate interest rates and the currency markets.

Given the government’s responsibilities, Trump’s regulators face a fraught and sensitive task of proving their independence and fair-mindedness when it comes to Deutsche Bank. Prior White Houses have taken great care to avoid interfering in Justice Department investigations and prosecutions. Despite his early support for Trump’s campaign and their personal friendship, Sessions has said he will not recuse himself from any Justice Department probe into the president, the Trump family or any of his political advisors.

The relationship Deutsche Bank has with the president cuts two ways, defense lawyers and former prosecutors say. It might be advantageous to be in business with a president who appears to regard the office as an opportunity for brand enhancement and enrichment. The bank might hope for leniency from the president’s regulators because of its business ties to him.

There are signs that Deutsche’s new management is not eager to continue serving as Trump’s financier. Trump sued the bank in 2008 to avoid paying a loan for a Trump hotel in Chicago. The parties settled, but lawsuits have a way of fraying friendships. A former top executive at Deutsche Bank says the current top management does not like the real estate developer. “They don’t want to do business with him anymore,” he says.

Given the tension, Deutsche may worry about the mercurial president. The bank’s concern is that the Trump administration could use its regulatory powers to secure better business terms. Nationalist strains course through his inner circle. A top Trump economic advisor recently accused Germany of currency manipulation. Trump, some observers fear, may seek to boost American financial institutions over foreign ones like Deutsche.

In recent months, Deutsche has also sought to renegotiate its loans with Trump, according to a Bloomberg report, in an effort to reduce its exposure to the president. The bank hoped to eliminate the president’s personal guarantee on loans. But such a move would not eliminate the conflict of interest, since the president’s company, which Trump still owns, would remain on the hook to pay back the loans.

IMAGE: Deutsche Bank CEO John Cryan addresses the bank’s annual general meeting in Frankfurt, Germany, May 19, 2016. REUTERS/Kai Pfaffenbach 

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50 Comments

  1. Aaron_of_Portsmouth February 10, 2017

    Despite Trump’s quagmire of conflict interests too numerous to mention, his biggest conflict is himself.
    Trump’s mental dysfunction was noticed by many astute observers long ago, but now with the way his narcissism is driving him further to the edge, it should by now be obvious to most observant people that Trump is due any moment for a huge breakdown.
    Either from the stress of the job alone, the impact of the many gaffes he’s made so far which would take a toll eventually on any egocentric person, his refusal to divest himself of his business interests, or any combination of these, Trump will meet a tragic end in one form or another. Congress should step in and correct the mistake they allowed to happen; and in a way, they would be complicit in Trump’s physical/mental collapse if they don’t intervene in time.

    Just my personal observation.

    Reply
    1. Independent1 February 11, 2017

      Given Trump’s lifestyle of luxury, there’s no way he could divest himself of his businesses and live on the paltry salary we pay our presidents. He probably goes through $400,000 a month, not a year. Which seems clearly why he’s so determined to ride along with his conflicts of interest as long as he can unless Congress decides (as it should) to put its foot down and force him to either divest from his businesses or evacuate the Oval Office.

      Reply
      1. idamag February 11, 2017

        Republicans won’t because trump is who they are.

        Reply
        1. Independent1 February 11, 2017

          You’re right, not unless they’re pushed hard by their base. Did you see this article about the Republican town hall meeting held by Chaffetz in Utah where the crowd really let him have it about investigating Trump and even chanted to him during and after the meeting that this would be his last term?

          The crowd got pretty rowdy in a town just outside Salt Lake City; to the point that Chaffetz wasn’t able to quiet them down. It could be that even diehard Republicans are starting to see the damage Trump is doing to their party’s reputation.

          See this on that Chaffetz town hall meeting if you haven’t seen it already:

          ‘DO YOUR JOB!’: Crowd repeatedly shouts down House Oversight chairman in raucous town hall meeting

          http://finance.yahoo.com/news/job-crowd-repeatedly-shouts-down-070904099.html

          Reply
          1. idamag February 11, 2017

            It is about time the decent people woke up.

            Reply
        2. Independent1 February 11, 2017

          And even McConnell who lives in the red state of Kentucky is starting to hear from protestors who don’t like the way he’s running the Senate.

          See this from the right-wing propaganda website Blabber/Buzz:

          JUST IN: Mitch McConnell Home Surrounded By MOB…

          http://blabber.buzz/politics/97498-just-in-mitch-mcconnell-home-surrounded-by-mob

          Reply
  2. I Am Helpy February 11, 2017

    I kinda have to say Trump working for a hostile foreign dictator is his biggest conflict of interest.

    My two cents!

    Reply
    1. I Am Helpy February 11, 2017

      Also, in dollar terms (the premise of the article) the “secret” 20% stake in Rosneft that the Russians gave to Trump dwarfs anything to do with this bank. Trump is actually a billionaire now.

      Reply
      1. Dominick Vila February 11, 2017

        You are right, the Rosneft deal makes the Deutsche Bank conflict of interest look trivial.
        “Speaking to a trusted compatriot in mid October 2016, a close
        associate of Rosneft President and PUTIN ally Igor’ SECHJN elaborated on the reported secret meeting between the latter and Carter PAGE, of US
        Republican presidential candidate’s foreign policy team, in Moscow in
        July 2016. The secret meeting had been confirmed to him/her by a senior member of SECHIN’s staff, in addition to by the Rosneft President
        himself. It took place on either 7 or 8 July, the same day or the one
        after Carter PAGE made a public speech to the Higher Economic School in Moscow.
        2. In terms of the substance of their discussion, SECHIN’s
        associate said that the Rosneft President was so keen to lift personal
        and corporate western sanctions imposed on the company, that he offered
        PAGE/TRUMP’s associates the brokerage of up to a 19 per cent
        (privatised) stake in Rosneft in return. PAGE had expressed interest and confirmed that were TRUMP elected US president, then sanctions on Russia would be lifted.”

        Reply
        1. Independent1 February 11, 2017

          Dominick, a couple articles you may find of interest if you haven’t seen them which seem to show that maybe even people in red states are starting to realize the danger that Trump’s actions are doing to the GOP party’s reputation:

          JUST IN: Mitch McConnell Home Surrounded By MOB…
          http://blabber.buzz/politics/97498-just-in-mitch-mcconnell-home-surrounded-by-mob

          ‘DO YOUR JOB!’: Crowd repeatedly shouts down House Oversight chairman in raucous town hall meeting
          http://finance.yahoo.com/news/job-crowd-repeatedly-shouts-down-070904099.html

          And one which shows the danger that Trump’s irresponsible rhetoric puts even America’s judges into:

          Trump attacks on judiciary raise safety concerns for judges
          https://www.yahoo.com/news/trump-attacks-judiciary-raise-safety-concerns-judges-071346694.html

          Reply
          1. Dominick Vila February 12, 2017

            This short paragraph in one of the links you sent me tells me exactly the same thing I hear from relatives, friends, and neighbors. They are convinced the “mobsters”, as they call them, are frustrated Democrats who can’t accept the fact that we lost: These people need to accept that they lost, and they also need to do
            their research and stop using the King’s name to be hateful, like Alveda
            King asked of you. As you know, I live in Florida, and almost every person I talk, and all the conversations I hear, support Trump, believe he is being maligned by evil Democrats that don’t let him do what the American people expect him to do, and are endangering the USA. I don’t see any evidence of Trump’s support weakening. In fact, his supporters are more determined than ever, and are cheering when they see images of illegal immigrants being herded out of the country, and hear about EOs designed to keep Muslims away or police American Muslims. We need to make an effort to determine who is protesting, how widespread the anti-Trump movement really is, before we jump into conclusions. I remember posting in this forum that I saw no evidence of Hillary enjoying a lead in Florida before the election, and cited Trump yard signs, car stickers, a large crowds at all his venues to question the accuracy of the polls that were being broadcast by our news media. Sadly, my observations proved to be accurate. It is dangerous to assume things without sensing the mood of the country, which seems to have moved center-right, or ignore the reality that our presidential elections are decided by the Electoral College rather than the popular vote. We are in trouble, and unless we figure out how to deliver a message the resonates with mainstream Americans, and Trump self-destructs, I am afraid the political trend of the last few elections is going to continue.

            Reply
          2. Independent1 February 12, 2017

            I think sadly then, that the reality is only going to come to these people when the American economy comes crashing down around their ears and Trump does like Hoover and drives America and the world into another full fledged depression.

            These immigrants that Trump is harassing are the backbone of the American economy in numerous ways- the economy simply cannot function without them to do the work many companies need just to stay in business – work that native Americans simply will not do.

            And on top of that, many of these people your talking about are going to see the security blankets they’ve been depending on for retirement and healthcare are going to be pulled out from under them. They’re living in their own La La Lands and it’s my sense that La La Land is going to soon be turned into Disaster Land.

            Not only are Trump and the Republicans destroying the basis of our economy, their alienating virtually every ally America has which will disrupt trade and they have put fear in the hearts of even the leaders of numerous countries that once considered us friends. I was reading an article which said the people of Sweden are in outright fear with respect to what Trump agrees to do in supporting Russia. I can’t see how all that’s not going to blow up in Trump’s and the GOP’s faces in not too long a time. I don’t think Trump is going to be in office through the end of this year.

            Reply
          3. Dominick Vila February 12, 2017

            I could not agree with you more. I think the future of the Democratic party depends more on Trump over reaching and causing major domestic and international crises, than anything the DNC can come up with to influence ideological changes in the heartland. That may actually happen sooner than we think. On the domestic front, the attacks on immigrants; promises to reduce taxes, and increase spending; the elimination of deregulation, and paving the way for Wall Street to engage in the fraudulent or risky activities that contributed to the 2008 near collapse of the U.S. economy augur a replay in the not too distant future. On the international front, while we focus on terrorist gangs plating roadside bombs, and blowing themselves up, we are ignoring North Korea, a country that has developed nuclear weapons, and even worse, that is perfecting delivery system that could reach the West Coast of the USA. Along the same lines, Trump’s attacks on the one-China concept puts us on a collision course with one of the most influential superpowers, and the only country that can persuade North Korea to moderate its policies and abandon its aggressive endeavors. Whether the Trump policies are influenced by ignorance, short shortsightedness, inexperience, or a deliberate attempt to create global instability to justify military adventurism, the fact is that what they are doing may unravel so much chaos, and cause so much pain on the American people, that even the most gullible Trump supporters may change their minds. It is going to take something yuge to achieve that though.

            Reply
          4. Independent1 February 13, 2017

            Great recap!! I really do think, and agree with you I believe, that a return to sanity by millions of Americans will be due more to Trump and the GOP imploding than anything the Dems can do at this point. But the Dems still need to work at reversing a lot of the GOP’s gerrymandering and voter suppression efforts; and at trying to discredit the right-wing’s expansive propaganda machine.

            The Dems have to keep working at getting MSM outlets to keep calling out the lies and fabrications of reality that are constantly coming from Faux News and form other right-wing outlets and even from GOP politicians and their mindlessly ignorant supporters’ mouths like the right-wing trolls on the NM.

            Reply
          5. Independent1 February 12, 2017

            I have to believe that given the negativism and harassment that Trump has been spewing against immigrants since his election, that many immigrants, both legal and illegal have started leaving America. So I will be totally surprised that come this spring when farmers and construction companies start gearing up for another year, that we won’t start getting reports of companies struggling to find the people they need in order to plant their crops, build homes and businesses and even run motels, hotels and other establishments who have historically depended on immigrants.

            Right now, many economists are painting rosy pictures for the U.S. economy in 2017 because Trump’s EO’s undoing many regulations that have been in place on businesses to run their companies fairly have played right into the hands of business owners around the nation who now see dollar signs because they’re free to run their companies as cheaply and dangerously as they can get away with; so they’re going about hiring and making great profit projections.

            But I don’t see how all that can materialize when Trump’s and the GOP’s actions are not only undermining that portion of our labor force that in fact supports millions of native-Americans’ jobs; and the GOP is going about promising to tear down many social benefits that millions of Americans have depended on for decades to give them the confidence to spend because they feel they have a secure retirement and healthcare for the future that will provide for them should they encounter a severe illness or other hardship.

            All this has got to come to a head in not too long. It didn’t take many weeks for the Alabama economy to go into freefall back in 2010/11 when the GOP enacted the strictest immigration law in the nation in that state and both legal and illegal immigrants fled the state. And Alabama wasn’t even talking about pulling the social support net out from under the residents of Alabama like the GOP is promising to do to all Americans ln the lower 80% economic group.

            And if the negativism against immigrants continues for too long, we may start to see foreign-owned businesses start to work at pulling out of America. In Alabama, several foreign-owned companies like Mercedes/Benz had threatened to move out of Alabama simply because of the negativism the GOP was extolling towards foreigners.

            Reply
          6. Dominick Vila February 12, 2017

            More Mexicans and Central Americans have been leaving the USA voluntarily, since the start of the Great Recession, and also because of the continuous attacks directed at them, than those come in legally or illegally. You are right, their departure may accelerate and increase in scope as a result of recent policies and statements, and if that continues it will have a negative effect on our economy, especially on sectors that depend on foreign labor to stay afloat, either because of lower labor costs, or because there are not enough professionals in areas such as the high tech and hard sciences industries to satisfy demand.

            Reply
          7. Independent1 February 12, 2017

            And yes, a lot of the people disrupting Chaffetz and clearly harassing McConnell are independents and progressive activists who clearly want to express their outrage to these nitwit Republican legislators; so it’s come to the point where they’ve been motivated enough to crash what previously have been GOP-only town hall meetings to express their anger.

            But all this may be a good thing, in that given the difficulty non right-wingers have had in getting their message out because the MSM seems to be right-wing biased, maybe having independents and progressive activists attend Republican town hall meetings will expose many of these right-wingers who have been living in their La La Land like those around you, to the real world. And maybe in expressing their anger and forcing these nitwit GOP legislators into responding to their questions and anger, right-wingers will start to learn the truth and not just hear the propaganda that GOP politicians have been feeding them with.

            It sure sounds like Florida needs more independents and progressives to start attending any town hall meetings Republicans open up to start educating those living in their fantasy lands around your area about the real world and not the fantasy land Republicans have created for them.

            Reply
          8. Dominick Vila February 12, 2017

            As a minimum, it demonstrates that those Democrats who were complacent and did not vote in 2016, are now energized and very active. Hopefully, they will remain engaged until at least the midterm election.

            Reply
          9. MVH1 February 12, 2017

            And yet on another site there was a Bernie supporter who holds fast to not participating if everyone chosen is not just like Bernie. Us Dems have our own stubborn, short-sighted problems.

            Reply
          10. Independent1 February 12, 2017

            Bernie’s misguided/unwarranted numerous efforts of personal attacks on Hillary pushed a lot of would be Hillary voters into voting for 3rd party candidates which certainly didn’t help in the 2016 election outcome. I hold Bernie partly to blame for the dire situation we find America in today.

            Reply
          11. Eleanore Whitaker February 13, 2017

            I don’t buy that “get over it” from the most politically naive in this country. Let’s assume for one second that the Republicans didn’t spend 8 years licking their wounds not just because a bi racial president won an election in 2008 but to add salt to their wounds, was re-elected.

            Does that mean that any time the popular vote shows 2.6 million more votes, the Republicans run to the Electoral College to win elections from here on in? Does it mean that the Republican legislators who appoint these electors are honest, above board and absolutely trusthworthy not to play their games with these appointees?

            Reply
          12. MVH1 February 12, 2017

            This is what happens when you get a very weak man into the presidency. He wants all that power but I don’t think the idiot has a clue what it entails and how dangerous his lunatic utterances are.

            Reply
          13. Independent1 February 12, 2017

            You’re right about Trump doesn’t have a clue about how dangerous his lunatic utterances are; and not only to him but neither do his mindless millions who are also in great danger of losing their futures.

            Reply
          14. MVH1 February 12, 2017

            Amen.

            Reply
          15. Eleanore Whitaker February 13, 2017

            The issue at the core is that Trump only knows “business.” In business, the CEO makes ALL the decisions, considers himself the Supreme High expert on all things living and dead and answers to no one.

            That is not government. We have 3 branches of government with total equality, each to the other. While the Republicans may want to believe their last bastion of control is the Judiciary branch, there is only one huge problem with trying to politicize law. Do that and those judge and lawyers will be disbarred by the American Bar Association.

            When you have a president knowingly lying and insisting he would have won the popular vote but for 200,000 illegal votes in NH, you know that’s pure ego at play. The idea that he, Bannon, Spicer, Conway, Singer and the rest of the governmentally entry level clowns can just lie their way through this administration and no one will call them on it, it as ludicrous as believing that Trump is in this “for the forgotten people.” BS. He is endeavoring to do what no other Billionaire, other than possibly the Rothschilds have done: Create a geo political empire as the only power that influences all governments, people and business.

            Reply
        2. Loisjshaw February 12, 2017

          Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj289d:
          On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
          !mj289d:
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          Reply
      2. Eleanore Whitaker February 11, 2017

        The Logan Act has not been used in the US since the 1700s. It appears that with a Trump AG, a Trump Justice Dept. and Trump’s lawyers willing to stick it to the SC and the U.S. Constitution, nothing this traitor bastard does will ever get him inside a court room. Never has and never will. We can only hope 70 is the last year of his life.

        Reply
        1. MVH1 February 12, 2017

          They don’t even know how to start. I believe we could show them.

          Reply
      3. Independent1 February 11, 2017

        A billionaire if you discount the fact that those billions are all borrowed money – Trump has billions in debts.

        Reply
        1. Dominick Vila February 12, 2017

          …and a business wizard, if we ignore that the only thing he sells is his name. Most of “his” businesses are owned by foreign and domestic investors, who use his name to project an image of wealth and power to the gullible and to those enamored with celebrities.

          Reply
    2. Eleanore Whitaker February 11, 2017

      9 Intel agencies have the proof that Trump’s campaign manager on the same day President Obama put sanctions in place on Russia after it was confirmed there was Russian hacking into the election, he was on the phone with Putin telling Putin to keep cool about the sanctions because as soon as Trump was sworn in the sanctions would be rescinded by Trump.

      Doesn’t get much dirtier than this folks.

      Reply
      1. Independent1 February 11, 2017

        And even more evidence that the GOP hacked the voting computers in 13-20 states to ensure Trump would be elected. Trump and his cohorts knew the election was rigged – and could guarantee it; just as they did numerous times insisting he would win despite what the polls were saying.

        Reply
        1. Eleanore Whitaker February 11, 2017

          The Republican Party when they know they can win run to the Electoral College to make sure they win. Is that really a clean election? If you know you don’t have the popular vote of the people and you can only win by running to the very electors you appointed and doing the wink, wink, nod, nod, no election in the future will ever be won again by the Democrats.

          While that may sound bizarre, think about this. As hard as Trump and Putin worked to rig the election and as much as the Republicans need Trump to undo everything President Obama tried to do to restore the US economy and our rights, does ANY American trust the Republican Party not to use the Electoral College to keep Trump Policies from being overturned by a Dem president?

          THAT IS the grave danger. We have NO idea what the Russians did with all the information they collected on Democrat voters. If you understand how Dark Net manages to hack into any URL from which you email, you see just how easy it is for Russian hackers to do the same.

          Reply
          1. Independent1 February 11, 2017

            You may be interest that the insurrection to Trump and his minions is even cranking up in red states.

            Hundreds who attended a Chaffetz town hall meeting in the red state of Utah harassed Chaffetz to where he couldn’t quiet them down and they kept drowning him out saying ‘Do your job!!” and ‘This is your last term!’ (A crowd outside chanted those statements as Chaffetz left the hall – it was an overflowing crowd.).

            And now the right-wing propaganda website Blabber/Buzz is saying that a mob of 200 plus protestors has encircled McConnell’s house (I believe in the red state of Kentucky and are reading Coretta Scott King’s letter that McConnell wouldn’t let Senator Warren read.

            See these if you haven’t already:

            From Blabber/Buzz:

            JUST IN: Mitch McConnell Home Surrounded By MOB….

            According to multiple photos posted by The Huffington Post’s Front Page Editor Philip Lewis, a rather large group of protesters has surrounded the house of Mitch McConnell.

            Right now, there are about 200 protestors outside of Mitch McConnell’s house in Louisville. Reading Coretta Scott King’s letter. pic.twitter.com/sepuhDcohh

            http://blabber.buzz/politics/97498-just-in-mitch-mcconnell-home-surrounded-by-mob

            From Yahoo News:

            ‘DO YOUR JOB!’: Crowd repeatedly shouts down House Oversight chairman in raucous town hall meeting

            Rep. Jason Chaffetz, the Republican head of the House Oversight Committee, faced a rowdy audience during a town-hall meeting near Salt Lake City, Utah, on Thursday night.

            Chaffetz, who represents Utah’s 3rd congressional district, took questions on several topics inside a high school auditorium that was filled to capacity, several media outlets reported.

            Attendees challenged him on Obamacare, energy policy, and Planned Parenthood — but the audience grew increasingly restless and raucous whenever the
            discussion turned toward recent controversies roiling the White House.

            http://finance.yahoo.com/news/job-crowd-repeatedly-shouts-down-070904099.html

            Reply
          2. MVH1 February 12, 2017

            And yet Chaffetz has gotten his crummy bearings and says, get ready, they were paid and bused in to protest. And he, the head of the oversight committee, says the president can’t have conflicts of interest. He’s still stuck on investigating Hillary’s emails and made that clear after the election. They need to get rid of that smug, self-serving cretin. With the rest of them.

            Reply
          3. plc97477 February 12, 2017

            We can lessen the danger by making sure as many states as we can go blue so that we can control the theft of our votes.

            Reply
  3. greenlantern1 February 11, 2017

    Didn’t President Andrew Jackson take on Nicholas Biddle?
    Wasn’t he censured for that?

    Reply
  4. Eleanore Whitaker February 11, 2017

    According to Republicans, “The president of the U.S. does not have to abide by conflict of interest laws. ” This has been repeated over and over. Okay. So, if President Obama was the billionaire and refused to disclose his taxes, refused to disconnet himself from his business links and refused to divest his assets, the Republicans would uphold that right? If Hillary did what Trump is doing, how fast would the Republicans look to impeachment?

    But you know what the worst of this BS is? That no election from this day forward is secure. First because 9 separate intelligence sources have confirmed Putin hacked into our voting data. How do we know that since the Republicans now know all they have to do is run to the Electoral College to win an election, the popular vote means nothing? How many more times do we allow the Republicans to steal election via Electoral Votes?

    Everyone who knows the process knows that it is state legislators who appoint their Electoral College electors. This, in the hands of Republicans, is the most dangerous because the Republican Party can no longer be trusted to play fair. We can’t know if they pay off these electors they choose for the Electoral College or if they choose ONLY those they know will obey like good little puppets.

    Trump talks about national security? How much national security do any of us have now that the Russian hackers have information on Democratic voters? What are they doing with it? Do you assume they were so kind and generous as to just delete it all when they were done? You bet not.

    One thing Trump and the Repubicans didn’t count on was that our U.S. banks so tied globally to foreign banks would have no reservations about outing Trump and Putin’s collaboration on the election rigging.

    The joke is the more the Republicans allow Trump that “get out of jail” card, the more they implicate themselves. This is like watching the U.S.S.Trump Titanic go down.

    Reply
    1. Independent1 February 11, 2017

      What gain do you suppose Republicans and their backers are going to get when America spirals into a depression because Republicans destroy SS, Medicare and Medicaid and chase all the immigrants out of the country!!. A depression that expands worldwide like in the 1930s!!

      A depression that bankrupts a large portion of GOP backers companies!! With even many of Trump’s companies going belly up because there will be fewer and fewer high-end shoppers to frequent his expense hotels and resorts!!

      Are they really too blind to see the long-term effect of what they’re doing?? Destroying the American economy as well as its way of life!!

      Reply
      1. Eleanore Whitaker February 11, 2017

        All great points. Absolute power absolutely corrupts. In US, MONEY is the root of their power. When I listen to the Republican bullies all feasting at the table of greed, it’s as if they know what’s coming, don’t really care and are willing to steal all of the money in the U.S. Treasury just to be the most powerful men in this country.

        Sadly, Europeans and all of our international trade partners will go down with us. That’s why Bush and Cheney hurried to push TARP. They knew if U.S. Banks went down, every international bank tied to the U.S. would too.

        But now, we have a president who is more than a little accustomed to spending other people’s money, never his own. When he runs out, he runs away from his debts. His real problem is that he actually believed government could be run like he runs his Trump Organization.

        The problem is, he can’t. He is tied to the U.S. Constitution whether he likes it or not. He may have the Legislative and Executive branch in his totalitarian control for the moment. But, you can just bet he won’t get the flexibility from the Supreme Court. That’s why he is DESPERATE and so are the Republicans to get Gorsuch on the SC.

        But, think about this. Gorsuch may take orders from Trump, but you can bet if those orders fly in the face of the U.S. Constitution, Gorsuch and Trump will get all 8 members of the SC refusing to jeopardize their lifetime careers as our country’s highest legal experts.

        Reply
        1. Independent1 February 11, 2017

          Let’s certainly hope so with respect to your last sentence – that there are at least some reasonably decent humans left among the four right-wing leaning judges on the SCOTUS. Hopefully the push back that Chaffetz and McConnell appear to be getting the last couple days starts waking these mindless right-wingers up to the fact that even people in their home states are starting to get their fill of Trump and his outlandish actions.

          Trump clearly owns up to no responsibility at all for his constant lying and spewing of hate rhetoric. There’s an article which says his tweets claiming the judge who put a stay on his Muslim ban is a ‘so called judge’, got the judge some death threats which has heightened the concern for all judges across the nation with respect to their safety given the number of mentally unstable people who they know support Trump.

          And even Apple CEO Tim Cook is saying that all the outlandish fake news being spewed around social media is killing people’s minds.

          See these articles:

          Fake News Killing People’s Minds, Says Apple Boss Tim
          Cook

          http://blabber.buzz/politics/97543-fake-news-killing-peoples-minds-says-apple-boss-tim-cook

          Trump attacks on judiciary raise safety concerns for judges

          https://www.yahoo.com/news/trump-attacks-judiciary-raise-safety-concerns-judges-071346694.html

          Reply
    2. plc97477 February 12, 2017

      I see this crap ending in one of three ways.
      1( the repugnants are going to see their obedience to trump a liability and impeach.
      2( trump says something to putin that the puppet master doesn’t like and meets up with the umbrella hypodermic.
      3( trump, who does not take very good care of himself, has a massive heart attack. He not only doesn’t take very good care of himself but he doesn’t have a real doctor to take care of him so it is pretty likely.

      Reply
  5. bobnstuff February 11, 2017

    As long as the republicans control the government Trump is safe no matter what he does. Once he is done stacking the SCOUS he will be free of any control. We had better get used to it. We have two years to work on changing things but if we get the same turn out at the polls you can kiss this country good bye.

    Reply
    1. Eleanore Whitaker February 11, 2017

      I don’t believe the same decent, honorable Americans who fought in the Korean War, Viet Nam and are still in harm’s way thanks to Trump sidling up to Putin who is selling arms in Afghanistan and Syria, will ever accept any president who DARES to try to ignore the U.S. Constitution.

      That IS what the GOP is hoping for. That Trump will violate the Constitution and nothing will come of it. Right now, their biggest challenge is the Cover Up of their part in the election rigging.

      9 Intel agencies have verified that three of Trump’s campaign aides were in Russia speaking to Putin in the days during Trump’s campaign. One of them claims he spoke by phone to Putin during Christmas to wish him “Merry Christmas.” That was the very same day President Obama announced the Russian sanctions. Are we to believe that BS?

      Reply
    2. Independent1 February 11, 2017

      Trump’s actions are starting to create backlashes even in red states. Chaffetz was repeatedly shouted down with chantings of ‘Do your job!’ and ‘Last Term’ in a very well attended town hall meeting just outside Salt Lake City in the red state of Utah. And apparently some time today, over 200 protestors circled Mitch McConnell’s house in the red state of Kentucky and started reading Coretta Scott King’s letter that McConnell refused to let Senator Warren read on the Senate floor.

      I’ve posted links to the articles below to idamag, Eleanor Whitaker and Dominick.

      Reply
  6. idamag February 11, 2017

    Trump is who the Republicans are. I have something for people to ponder: If you are still in the workforce, what if your employer tells you he is taking out bankruptcy and can’t afford to pay you, but he is going on vacation to the Bahamas? Retirees, here is your question: What if the United States defaults on their obligations and there is no Social Seecurity left? You say, “But I have paid into it all my life and there is a 31/2 trillion dollar trust fund. They say the trust fund is not there because they borrowed it for the Viet Nam War and taking out bankfruptcy absolves them from having to pay it. But the Constitution says they can’t default. Oh, yeah, well the Constitution also says a president it to fill Supreme Court vacancies. How did that work out? But, if trump puts another of his type on the Supreme Court, they can say they have alternative facts.

    Reply
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