PREVAIL by Greg Olear

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For Trump, "Deutsche" Means "Gotcha"
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For Trump, "Deutsche" Means "Gotcha"

Indictments loom for the president and members of his family. And there's nothing he can do about it.

Greg Olear
Jul 10, 2020
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For Trump, "Deutsche" Means "Gotcha"
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REPEATEDLY—on the campaign trail, after the election, and during his presidency—Donald John Trump promised to release his tax returns, as all presidential candidates have done since Richard Nixon. Repeatedly, he failed to do so. Not only that, but when both Congress and the Manhattan District Attorney’s office subpoenaed those documents, as part of their respective investigations into his rank corruption, Trump refused to turn them over, citing his lofty position as Chief Executive. The essence of his defense boiled down to two oft-tweeted words, which he trotted out again yesterday:

Twitter avatar for @realDonaldTrumpDonald J. Trump @realDonaldTrump
PRESIDENTIAL HARASSMENT!

July 9th 2020

7,271 Retweets34,303 Likes

Far from fulfilling his promise, Trump has moved heaven and earth to avoid turning over his financial documents—his taxes, via his accountant, Mazars; and his banking information, via his creditor, Deutsche Bank. His motives for stalling will soon be abundantly clear. He is the serial killer trying every trick in the book to prevent the cop who pulled him over from opening the trunk where the mutilated corpses lie.

“When you’re the president, they let you do it” is, happily, not a valid legal justification for covering up crime, “white collar” or otherwise. That was what the Supreme Court held in yesterday’s landmark ruling. It will take time, of course—everything with Trump takes time, and in this respect, Trump v. Vance was a victory for the president:

Twitter avatar for @HoarseWispererThe Hoarse Whisperer @HoarseWisperer
The opportunity here was to move the process quickly enough to rob Trump of the benefit of hiding his criminality through the election. SCOTUS not only failed to do that, its decision to intervene, drag its feet, and remand without resolution, just gave Trump a huge assist.

July 9th 2020

92 Retweets677 Likes

Although some legal experts are not so sure the courts won’t expedite the process:

Twitter avatar for @tribelawLaurence Tribe @tribelaw
The Vance case should be expedited in the lower courts. If the Nixon tapes case could be decided in three months and Bush v. Gore could be decided in one month, this really should not drag out beyond the November election.

July 9th 2020

11,343 Retweets41,353 Likes

Me, I’m not as concerned about the timing as much as the ruling itself. Trump lost. Democracy won. Our would-be dictator fell to the rule of law.

Twitter avatar for @steve_vladeckSteve Vladeck @steve_vladeck
Among lots of other things, the Chief Justice’s majority opinion in Mazars effectively kills both the Rao dissent in Mazars and the Griffith panel opinion in McGahn. Congress *can* subpoena the President’s records in appropriate cases, and courts *can* enforce those subpoenas.

July 9th 2020

1,095 Retweets4,444 Likes

Now that the documents will, at long last, be released to the proper authorities, we can focus on what they will reveal: money laundering. This is not pie-in-the-sky speculation on my part, but the best educated guess based on a preponderance of evidence—including Trump’s intransigence in releasing his taxes.

First, we know Trump has long laundered money for the mob—first La Cosa Nostra, following in the footsteps of his front-man father, Fred; and since the mid-80s, for the Russian mafiya. He’s been the property of the latter for decades.

Second, we know Deutsche Bank is verfault. This is a rotten outfit that came to prominence as the bank of choice for Hitler and the Third Reich, and is now the BCCI for the 21st century. DB paid hefty fines for running “mirror trades” with Russia, to help move money out of that corrupt country and into the Western banking system—money laundering, in other words. It paid a record $2.5 billion fine for its role in the Libor scandal, when it was caught manipulating interest rates. It was fined for doing business with countries on the US sanctions list. The bank agreed to a $7.2 billion settlement for its active role in causing the 2008 financial crisis. And just this week, Deutsche was hit with yet another fine, this one of $150 million, for turning a blind eye to the numerous suspicious transactions in the accounts of its late client, the late convicted pedophile Jeffrey Epstein. That’s almost $11 billion in fines alone in the last 12 years, almost a billion a year, for having no scruples in its business dealings. That’s real money! Is it any surprise Trump was a DB customer? I actually chuckled when I read the bank’s statement after yesterday’s ruling:

Twitter avatar for @davidenrichDavid Enrich @davidenrich
Deutsche Bank weighs in on the SCOTUS ruling.
Image

July 9th 2020

156 Retweets403 Likes

“Full respect.” Whatever, mein dude.

The journalist Sandi Bachom attended the 22 May 2019 hearing concerning Trump’s suit against Deutsche Bank to block the House subpoenas of his financial documents. She took good notes, which she posted to Twitter. Although that trial involved the House, and not the Manhattan DA, the underlying documents are the same. Thus, that hearing provided clues to what might come next in this saga.

For starters, it was, as Bachom says, common knowledge on Wall Street that Trump was a deadbeat, even back when Reagan was president:

Twitter avatar for @sandibachomSandi Bachom @sandibachom
THREAD: In 1986 I produced TV commercials for Trump Casinos. In NYC, Trump was basically a punch line. It was well known, no banks would loan to him because he stiffed them all. So it was with great interested I entered Manhattan federal court on May 22.

May 27th 2019

2,675 Retweets6,798 Likes

What would possess Deutsche Bank to lend any money at all to this serial bankrupt, let alone half a billion bananas? The likely answer is that DB did not issue the loans itself, but merely legitimized them for the Russian oligarchs/mobsters who were Trump’s true creditors. Trump is like a recent college graduate whose parents have to co-sign the lease for him to get the apartment; in this analogy, Deutsche is the real estate broker, and Putin is Daddy.

Consider: If Deutsche was willing to pay all those billions of dollars in fines and not change its shady business practices, the profits from their underworld clientele must be tasty indeed. They must have been making bank. As the attorney Rick Petree puts it:

Twitter avatar for @RickPetreeRick Petree @RickPetree
@BobMagaw Because we tend, naturally, to focus on Trump, it's hard to get people to focus on the fact that DB dealt with Trump not because *he* was so important or valuable as a client, but because the *Russians* were. DB's business w/ Russian oligarchs was a key franchise for them.+

February 18th 2020

212 Retweets470 Likes

That’s the only logical answer to the question Douglas Letter, general counsel for the House, posed at the trial:

Twitter avatar for @sandibachomSandi Bachom @sandibachom
11) 'WHY WOULD YOU GIVE MONEY TO TRUMP WHEN NO OTHER BANK WOULD TOUCH HIM?' Then a bunch of case law was referenced as my eyes glazed over. Strawbrige for the scope of the subpoenas be narrowed.

May 27th 2019

1,076 Retweets3,940 Likes

As for Trump, he appears to be all-in with the financial crimes, going so far as to employ the time-honored mob tactic of laundering money through accounts of his children and grandchildren:

Twitter avatar for @sandibachomSandi Bachom @sandibachom
6) Judge Ramos responded the subpoenas require the reaches of family members because of the structure of the Trump org included his children. Letter interjected in organized crime cases of money laundering, it was often put in the names of the grandchildren.

May 27th 2019

1,855 Retweets5,536 Likes

Why would the House general counsel say that, unless it had direct bearing on the case? This is not just about the president, we can surmise, but also about Donald Trump, Jr., Ivanka Trump, Eric Trump, and Jared Kushner—four family members who have, respectively: met with agents of a hostile foreign power to get “dirt” on a political rival; laundered money for the Iranian National Guard through a real estate boondoggle in Baku; ripped off a cancer charity; and done so much illegal shit I had to write an entire piece about it. However hard Ivanka tries to present as normal, these are not good people. These are third-generation mobsters. I’ll add that there’s nothing to prevent the Manhattan DA, or the New York State AG’s office, from indicting Junior, Vanks, Gums, or Boy Plunder between now and Election Day.

And then it gets interesting:

Twitter avatar for @sandibachomSandi Bachom @sandibachom
12) At this point, Letter said it wasn't just Trump and his family they were 'going after' there were NINE OR TEN others which were redacted!

May 27th 2019

1,496 Retweets4,856 Likes

Bachom told me she thinks the entire Trump family and its associates will go down on RICO charges—the Racketeer Influenced and Corrupt Organizations Act, a tool for prosecuting criminal enterprises. Mobsters, in other words. That won’t happen before November, true. But for the pleasure of watching them all turn on each other, for Ivanka to have to decide whether to betray her father or betray her husband, I’m willing to wait.

The wheels of justice turn slowly, as the saying goes, but grind exceedingly fine. The president wanted to burn the republic to ashes, but in the end, it’s Trump who will be ground to dust. Not tomorrow, and not next month, but eventually, and inevitably.

Twitter avatar for @sandibachomSandi Bachom @sandibachom
Gonna be a bad day for The Donald. Glad I’m here for it #blacklivesmatter #TrumpRussia #houseofcards #DeutscheBank
Image

July 9th 2020

155 Retweets1,327 Likes

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Photo credit: The Oval Tower in Amsterdam, occupied by German financial giant Deutsche Bank. Photo by DennisM2 via Flickr.

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William
Jul 10, 2020

Another great newsletter, Greg. Is there anything ordinary voters can do to speed the disclosure of #Mangowanker's taxes?

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Roland (CA)
Writes LIFE: A FIELD MANUAL Aug 10, 2020

Wow. Double wow. I’ve been waiting several years to find this information so clearly laid out. Thank you Greg, I am indebted to you.

When you hear anyone use the word “loans” in this mob circle, think “gifts from Putin“ masquerading as loans or other financial payments or transfers, mostly laundered by Deutsche Bank, but there are additional possible launderers like the Kazakhstan president, Alfa Bank, VEB, and Putin’s mafia cronies like Deripaska.

I’m waiting, like you are Greg, for the bombshell of just how many tens or hundreds of millions, but possibly billions, of dollars Putin has funneled to Trump.

“Dark Towers: Deutsche Bank, Trump, and an epic trail of destruction” by David Enrich is a good source book. History of Deutsche Bank included.

Brief mention: Donald Trump has another connection to Hitler and Nazi Germany, this one more direct. When he was with Ivana, he used to study his personal copy of an English edition of Hitler’s 1941 “My New Order.” [Mentioned in passing in a fawning article in Vanity Fair from 1990.]

Highly recommend the following review of a book about Trump’s use of Hitler’s strategies:

https://www.commondreams.org/views/2019/08/09/leading-civil-rights-lawyer-shows-20-ways-trump-copying-hitlers-early-rhetoric-and?amp

I should mention here that both my parents were born and raised in Depression-era and Nazi Germany. I’m no expert on the subject, but speaking the language and having the heritage in my genes allows me to understand and explain the culture of the period, including policies and practices of Hitler and his Nazionalsozialistische Deutsche Arbeiter Partei, the German National Socialist Worker’s Party. My maternal grandfather, it turns out, worked in Milan Italy for the German Air Force as a translator, a staff military person assigned to Mussolini’s Italy.

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