The investigation into Deutsche Bank will be one of the most closely watched probes launched by the new Democratic-controlled House because it could provide a glimpse into Trump's finances and ties abroad.That is interesting. Also interesting is that the global head of real estate markets for Deutsche Bank, who loaned Donald Trump, then just a corrupt real estate developer, over $1 billion when no other lending agencies would give him the time of day, was none other than Justin Kennedy, son of former Supreme Court Justice Anthony Kennedy, who made way for Brett Kavanaugh.
Waters, who has called for the president's impeachment, has vowed to follow the "Trump money trail" starting with Deutsche Bank. Before she became chairwoman, she asked the bank for details on its handling of Trump's accounts and involvement in Russian money laundering schemes.
The bank declined her request, citing concerns for customers' privacy. She now has subpoena power to get some answers.
Schiff, whose committee has been investigating Russia's interference in the 2016 election, has said Deutsche Bank is "one obvious place to start" as he looks into possible money laundering by The Trump Organization. He has said he plans to probe Trump's connections to Russia, Saudi Arabia, and countries.
Rep. Jim Himes (D-Conn.), a member of both committees, said Financial Services will be interested in "domestic questions" such as whether Deutsche Bank extended loans at favorable rates.
"The interesting thing about Deutsche Bank is they seem to be pretty much the only entity out there willing to lend to The Trump Organization," Himes said.
Yet another interesting item is how Deutsche Bank was apparently helping Trump play a shell game with his real estate properties for years.
And one more interesting piece of info is that Trump isn't the only member of his administration with deep ties to Deutsche Bank. Commerce Secretary Wilbur Ross also has a complex and troubling relationship to the bank. And Jared Kushner's real estate company had finalized a $285 million loan with Deutsche Bank right before the election, which he subsequently failed to disclose.
So many interesting things for Reps. Waters and Schiff to scrutinize! I can't wait to find out what interesting things they discover about our very interesting president.
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