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StarfishSaver

(18,486 posts)
Thu Oct 10, 2019, 08:20 PM Oct 2019

Deutschebank claims it no longer has Trump's tax records

Suuuuure, Jan ...

Deutsche Bank Does Not Have Trump’s Tax Returns, Court Says

The German bank — which for nearly two decades was the only mainstream financial institution consistently willing to lend money to Mr. Trump — has told a federal appeals court that it does not have the president’s personal tax returns, the court said on Thursday.

Democratic-controlled congressional committees issued subpoenas to Deutsche Bank this year for financial records related to the president, his companies and his family. Mr. Trump sued the bank, which became his main lender after a string of bankruptcies cost other banks hundreds of millions of dollars, to block it from complying.

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 Thursday, the court rejected the request. Part of the reason, it said, was that 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.”

Current and former bank officials previously told The Times that Deutsche Bank had portions of Mr. Trump’s personal and corporate tax returns. The bank collected at least some of those tax records in 2011, when Deutsche Bank’s private-banking arm — which caters to the ultra-wealthy — took on Mr. Trump as a client. The returns and other financial documents were reviewed by a number of bank executives, according to the current and former officials.
https://www.nytimes.com/2019/10/10/business/deutsche-bank-trump-tax-returns.html
17 replies = new reply since forum marked as read
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Deutschebank claims it no longer has Trump's tax records (Original Post) StarfishSaver Oct 2019 OP
Did Barr visit Germany or place a long distance call from Italy? nt woodsprite Oct 2019 #1
probably gave them to rUSSIA bluestarone Oct 2019 #2
How convenient... Moral Compass Oct 2019 #3
Bullshit. BlueIdaho Oct 2019 #4
if that is true............ Takket Oct 2019 #5
I think they're saying they had them, but the threw them away StarfishSaver Oct 2019 #8
especially in this era when everything is electronic....... Takket Oct 2019 #9
Yes StarfishSaver Oct 2019 #10
Deutsche Bank loaned out a few hundred million WITHOUT Trump's tax returns on file? DFW Oct 2019 #6
Wyoming could use the fresh water, though jberryhill Oct 2019 #7
If the Pacific ever makes it that far DFW Oct 2019 #11
It took a while to fully bleach it out. Trust them NEVER. NCLefty Oct 2019 #12
If the loans are no longer current.... jberryhill Oct 2019 #13
Got it StarfishSaver Oct 2019 #14
If they rolled those loans over, would that be a new loan, thus allowing them to destroy the OnDoutside Oct 2019 #15
I don't run a German bank jberryhill Oct 2019 #17
Those current and former employees... dajoki Oct 2019 #16

BlueIdaho

(13,582 posts)
4. Bullshit.
Thu Oct 10, 2019, 08:27 PM
Oct 2019

Unless Deutsche Bank is a full on full tilt black ops money laundering operation, they need those docs as part of his loan(s) portfolio. That’s a standard banking requirement in the US. No tax docs, no loan.

Takket

(21,529 posts)
5. if that is true............
Thu Oct 10, 2019, 08:35 PM
Oct 2019

it means they loaned him hundreds of millions of dollars without reviewing his finances?????????????????????

and if that is true, then what the hell have the two sides been arguing about in the courts for the last 5 months????????????????

 

StarfishSaver

(18,486 posts)
8. I think they're saying they had them, but the threw them away
Thu Oct 10, 2019, 09:42 PM
Oct 2019

Because that's what banks always do with their loan documentation, right?

DFW

(54,302 posts)
6. Deutsche Bank loaned out a few hundred million WITHOUT Trump's tax returns on file?
Thu Oct 10, 2019, 08:54 PM
Oct 2019

I believe that like I believe they financing ten desalinization plants on the Wyoming coastline.

DFW

(54,302 posts)
11. If the Pacific ever makes it that far
Fri Oct 11, 2019, 02:15 AM
Oct 2019

I somehow doubt the salt content will have disappeared--either that or the Bonneville Salt Flats will be about 3 feet higher than they are now from all the deposits left.

 

jberryhill

(62,444 posts)
13. If the loans are no longer current....
Fri Oct 11, 2019, 10:30 AM
Oct 2019

...then the bank has the obligation to purge the supporting documents which are no longer needed.

The current privacy practices in Europe are very unlike those in the US, where information is retained pretty much forever whether it is needed or not. If the loans are no longer current - and I don't know one way or the other - then it would be expected that the bank would have purged the personal financial data.
 

StarfishSaver

(18,486 posts)
14. Got it
Fri Oct 11, 2019, 10:41 AM
Oct 2019

But if that's the case, and they no longer had the relevant documents, why didn't the bank simply ask the court to declare the case moot at its inception?

And if they destroyed the records after the litigation began, isn't that a problem?

OnDoutside

(19,948 posts)
15. If they rolled those loans over, would that be a new loan, thus allowing them to destroy the
Fri Oct 11, 2019, 11:07 AM
Oct 2019

original documents legally ?

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