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Deutsche Bank Turned Over Trump's Financial Records To Manhattan District Attorney

Deutsche Bank, the German financial powerhouse that loaned hundreds of millions of dollars to the Trump Organization when other banks shunned that company, has turned over records of its transactions subpoenaed by the Manhattan District Attorney's office, according to the New York Times.

District Attorney Cyrus Vance, Jr., has sought the president's personal and corporate tax records in court, without revealing much about the alleged crimes under investigation, although he is know to be looking into hush money payments to porn star Stormy Daniels and former Playboy model Karen McDougal.

Vance's prosecutors justified the extensive demand for Trump's records before a judge in New York state Supreme Court last Monday by citing reports of "extensive and protracted criminal conduct at the Truomp Organization.".

On Wednesday, the Times reported that Vance's office had subpoenaed the German bank in 2019, indicating that his probe was examining allegations far beyond the payoffs to Daniels and McDougal. The Times also noted the confirmation of the prosecutor's long-rumored interest in Trump's dealings with Deutsche Bank.

The bank responded to the subpoena by handing over documents used by Trump when he applied for loans, according to unnamed sources cited by the Times.

In June, Trump's lawyers claimed that the subpoena for his tax returns was overly broad and politically motivated. But on Monday, Vance's lawyers replied that the Trump team was operating under "the false premise" that the investigation is limited to the hush-money payments. Instead, they noted that when the subpoena was issued "there were public allegations of possible criminal activity at plaintiff's New York county-based Trump Organization dating back over a decade."

"These reports describe transactions involving individual and corporate actors based in New York county, but whose conduct at times extended beyond New York's borders," said the court filing. "This possible criminal activity occurred within the applicable statutes of limitations, particularly if the transactions involved a continuing pattern of conduct."

The Times also reported on Wednesday that the Deutsche Bank subpoena demanded documents that might prove possible fraud by Trump and his company. Its story contrasted the bank's cooperation with other efforts to obtain Trump's financial records that were stymied in court.

At least two Congressional committees, both chaired by Democrats, have subpoenaed Deutsche Bank for documents related to Trump, who sued to prevent their release. New York Attorney General Letitia James likewise subpoenaed the bank for Trump's records last year. Trump has denounced Vance's investigation as "a continuation of the witch hunt".

Son Of Federal Judge Shot Dead At Home, Husband Wounded

Reprinted with permission from Alternet

Daniel Anderl, the 20-year old son of a federal judge was shot to death in his parents' New Jersey home by a gunman posing as a FedEx driver. U.S. District Court Judge Esther Salas' husband was also shot. Mark Anderl, 63, is in critical condition.

The New Jersey Globe also reports Judge Salas was not physically harmed.

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Supreme Court Must Decide Whether Trump Is Above The Law

This article was produced by the Independent Media Institute.

"L'état, c'est moi" ("I am the state") —Declaration attributed to Louis XIV, King of France

Article II of the U.S. Constitution vests the executive power of the federal government in a president, not a king. Kings rule by fiat. The president is supposed to govern with the consent of the people and in coordination with Congress and the judiciary, the two other co-equal branches of government.

Donald Trump, our 45th president, has never accepted our constitutional structure of checks and balances, asserting instead, as he did in a speech last July, that under Article II, "I have the right to do whatever I want as president."

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Trump Organization Seeking Loan Deferments From Deutsche Bank

The coronavirus pandemic has forced countless businesses in the United States to suspend or slow down their brick-and-mortar operations, including some owned by the Trump Organization. And the New York Times reports that President Donald Trump's company is asking Deutsche Bank about possibly postponing payments on loans it has received.

Times journalists David Enrich, Ben Protess and Eric Lipton report, "With some of its golf courses and hotels closed amid the economic lockdown, the Trump Organization has been exploring whether it can delay payments on some of its loans and other financial obligations."

It has been widely reported that Deutsche Bank is, hands down, the Trump Organization's largest lender. And the Times journalists report that the company's representatives have recently spoken with Deutsche "about the possibility of postponing payments on at least some of its loans from the bank."

One of the many brick-and-mortar businesses operated by the Trump Organization is a golf club in Palm Beach County, Florida, where it has been making monthly payments and leasing county land. And according to the Times, the Trump Organization "sought guidance last week from Palm Beach County about whether it expected the company to continue making monthly payments" on that land.

Eric Trump, one of the president's sons, told the Times, "These days, everybody is working together. Tenants are working with landlords, landlords are working with banks. The whole world is working together as we fight through this pandemic."

In response to coronavirus, the Trump Organization has closed its Mar-a-Lago resort in South Florida. In addition, the Times notes, it "has temporarily closed its hotel overlooking the Las Vegas Strip, cut staff and services at its hotels in New York and Washington and largely shuttered its golf clubs in Florida and New Jersey."