U.S. House Dems reject Deutsche Bank privacy claim in Trump query

[DonViejo]

Source: Reuters



Thu Jun 22, 2017 | 10:06am EDT

U.S. House Democrats rejected an assertion by Deutsche Bank that privacy laws prevent it from sharing information about President Donald Trump's finances, as they investigate possible collusion between his campaign team and Russia.

In a letter to the bank's lawyers made public on Thursday, five Democrats who have been seeking financial information about Trump argued U.S. federal laws protecting banking customers' confidentiality did not apply to requests from Congress.

The bank could also circumvent privacy concerns by obtaining disclosure consent from the president and his family, they said.

"Given President Trump's repeated assertions that he does not have ties to Russia, such disclosure would ostensibly be in his interest," they wrote.

Read more: http://www.reuters.com/article/us-deutsche-bank-trump-idUSKBN19D1R9

[SHRED]

1. Republicans won't cooperate

"The Democrats do not have the power to compel Deutsche Bank to comply with their request. The Financial Services Committee has subpoena power but Republican committee members, who are in the majority, would have to cooperate."

[BumRushDaShow]

2. Mueller can get it though

and may already have it (or things related to it).

[SHRED]

3. Yes!

This really highlights the importance of a special counsel.