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Judge rules against Trump, paving way for banks to provide his business records to Congress

49 Comments
By Brendan Pierson

U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump's businesses.

In a decision read from the bench after hearing arguments, U.S. District Judge Edgardo Ramos in New York said Congress has the legal authority to demand the records, clearing the way for the banks to comply with subpoenas issued to them by two U.S. House of Representatives committees last month.

The committees have agreed not to enforce the subpoenas for seven days, the judge said. It was the second time in three days that a judge had ruled against the Republican president in his fight with Democrats and Trump's lawyers were expected to appeal both decisions.

Ramos said he would not suspend his decision pending appeal.

Some Democratic lawmakers welcomed the decision.

"So far, I think the president would be wise to come to the realization that our legitimate areas of inquiry are going to be supported by the courts," Representative Dan Kildee, a Michigan Democrat and member of the House Ways and Means Committee, told Reuters in an interview.

Representative Brad Sherman, a Democratic member of the financial services committee, was more cautious, telling Reuters in an interview that he expected the decision would be appealed.

Asked if lawmakers should be satisfied that they will get the information they seek, Sherman said, "I'll believe it when I see it out of the U.S. Supreme Court."

The White House did not immediately respond to requests for comment. Deutsche Bank said it would abide by the court's decision. Capital One did not immediately respond to a request for comment.

Trump, who is seeking re-election next year, has aggressively sought to defy congressional oversight of his administration since Democrats took control of the House in January.

Ramos said that the committees had the power to issue the subpoenas under Congress' "broad" power to conduct investigations to further legislation. He also rejected Trump's argument that they were barred by a federal financial privacy law, the Right to Financial Privacy Act, saying the law does not apply to congressional investigations.

Trump said last month that the administration was "fighting all the subpoenas" issued by the House, hardening his position after the release of a redacted report from Special Counsel Robert Mueller on how Russia interfered in the 2016 U.S. election to help Trump and on the president's attempts to impede the investigation.

"We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations," Deutsche Bank spokeswoman Kerrie McHugh said in an emailed statement after the ruling.

Lawyers for the Trump family members and the Trump Organization declined to comment on the decision.

Some parts of the subpoenas have been included in court filings. The subpoena on Deutsche Bank seeks extensive records of accounts, transactions and investments linked to Trump, his three oldest children, their immediate family members and several Trump Organization entities, as well as records of ties they might have to foreign entities.

Deutsche Bank has long been a principal lender for Trump's real estate business and a 2017 disclosure form showed that Trump had at least $130 million of liabilities to the bank.

The subpoena on Capital One seeks records related to multiple entities tied to the Trump Organization's hotel business. In March, before issuing their subpoena, Democratic lawmakers asked Capital One for documents concerning potential conflicts of interest tied to Trump's Washington hotel and other business interests since he became president in January 2017.

Trump, his adult children, Donald Jr., Eric and Ivanka, and the Trump Organization had sought a preliminary injunction to prevent Deutsche Bank complying with the subpoenas from the House Financial Services Committee and the House Intelligence Committee, and Capital One from complying with a subpoena from the Financial Services Committee.

In a lawsuit filed on April 29, lawyers for the Trumps argued that the subpoenas were too broad, and that Democrats are hoping they will "stumble upon something" that could be used for political attacks on the president.

Patrick Strawbridge, a lawyer for Trump, said at Wednesday's hearing that the subpoenas were "the epitome of an inquiry into private or personal matters," and that the House committees were reaching beyond their role as legislators.

Douglas Letter, a lawyer for the committees, said the subpoenas were part of a "very serious investigation on behalf of the American people" that could lead to legislation aimed at reducing foreign influence in U.S. politics. He denied that it was intended to target Trump personally.

"He clearly sees us as some sort of nuisance," Letter said.

The banks are the only defendants in the case, but the House committees intervened to oppose Trump's effort to block the subpoenas.

Representative Maxine Waters, who chairs the House Financial Services Committee, told reporters after the lawsuit was filed that Trump had "cast a gauntlet." "We will fight him," she said.

On Monday, a federal judge in Washington ruled against the president in a similar case, finding that Trump's accounting firm, Mazars LLP, must comply with a congressional subpoena for Trump's financial records.

U.S. District Judge Amit Mehta found that Congress was "not engaged in a fishing expedition" for the President's financial records when it subpoenaed Mazars and said that documents obtained might assist Congress in passing laws and performing other core functions.

Trump called Mehta's decision "crazy" and vowed to appeal.

On Wednesday, the House committee involved in that case, the House Oversight Committee, said in a statement it had reached an agreement with Trump's lawyers to seek an expedited appeal.

© (c) Copyright Thomson Reuters 2019.

©2019 GPlusMedia Inc.

49 Comments

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"totally the wrong decision by obviously an Obama-appointed judge,"

Trump once again attacks the judiciary. The authoritarianists in his base want Trump to be herr diktator. They want the US Constitution undone to give the Trump greater powers over the judicial and legislative branches.

And another attack on Obama. Trump knows many in his base need enemies to hate. Trump once again keeps hate alive, playing to those in his demographic sharing his biases.

U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block

What's Trump hiding and who all else beyond his family - in the US and 'abroad' - is he protecting?

Trump the corrupt businessman, Trump the corrupt politician.

9 ( +10 / -1 )

Trump said last month that the administration was "fighting all the subpoenas" issued by the House,

Trump had better be paying for these "fights" with his own money! If he is using taxpayers money, he should be impeached and removed from office tomorrow!

If you really have nothing to hide, then let them look all they want!

Probably just afraid that it will become public knowledge that Trump really is a looser!

9 ( +10 / -1 )

"totally the wrong decision by obviously an Obama-appointed judge,"

so once again it's about Obama. Maybe stop attacking Obama and some support might come your way. Just a thought.

8 ( +9 / -1 )

Trump had better be paying for these "fights" with his own money!

The article below provides info on one part of Trump's legal defense. Curious that once again casino mogul Sheldon Adelson is a contributor. What's Adelson buying? Something something in Israel? Something something in Japan?

https://abcnews.go.com/Politics/casino-mogul-sheldon-adelson-wife-gave-500k-trump/story?id=60768531

4 ( +4 / -0 )

New York judges are the most bias against conservatives. Dinesh D'souza talks about this a lot in his book stealing America. From that perspective, of course the New York judge would be drinking the same koolaid as the demonrats.

-8 ( +2 / -10 )

Trumpophiles will be here claiming without evidence that this is another biased judge. Nothing like disparaging institutions fundamental to our democratic republic when you don't get your way. Why do Trumpophiles hate the US?

4 ( +6 / -2 )

Dinesh D'souza talks about this a lot in his book stealing America.

He knows a lot about judges after being convicted and sentenced to prison.

7 ( +9 / -2 )

He knows a lot about judges after being convicted and sentenced to prison.

Well if you read the book you would know that it's based on his experience in prison. He does not deny it. In fact he cherishes the experience and shows how democrats are the real crooks.

-12 ( +1 / -13 )

Trumpophiles will be here claiming without evidence that this is another biased judge. Nothing like disparaging institutions fundamental to our democratic republic when you don't get your way. Why do Trumpophiles hate the US?

Yes, because the judge is another Obama appointee, interesting.

-8 ( +1 / -9 )

In fact he cherishes the experience and shows how democrats are the real crooks.

He’s a partisan crook.

You should be reading more balanced material from trustworthy people.

4 ( +5 / -1 )

He knows a lot about judges after being convicted and sentenced to prison.

And he knew exactly the reasons behind them.

https://www.theatlantic.com/politics/archive/2014/01/how-dinesh-dsouzas-indictment-became-proof-obamas-conservative-inquisition/357351/

-8 ( +1 / -9 )

He’s a partisan crook.

You should be reading more balanced material from trustworthy people.

Have you read the book? Do you know what charges D'souza faced? Can you provide links to any case studies of anyone ever being thrown in prison for what D'souza did?

-7 ( +0 / -7 )

what's the issue if there's nothing to hide??

4 ( +4 / -0 )

Dinesh D'souza 

Constantly playing the victim card.

4 ( +5 / -1 )

Has there ever been an investigation into a president's business dealings before he was in Office? This is setting an ugly precedent. At least Nixon was impeached for stuff he did in office; the current dems are calling for impeachment with the spirit that Trump's presidency is illegitimate when that simply is not true. Appalling. If the president tried to block Mueller investigation, that's not what the dems were after. They were looking for collusion. Now that the Mueller report could not prove beyond a reasonable doubt Trump has committed any crime, dems are like: (in the drunken slobber of Polosi) "but you obstructed when we were trying to conduct a bs investigation". The dems were talking impeachment Wednesday morning after Trump won Tuesday night. This has absolutely nothing to do with Trump committing any crime and everything to do with the dems trying to undermine what is coming to be one of the best presidencies in the history of the US. This move by the judge shows further the dems don't respect the democratic process that elected Trump, and that they care more about annulling Trumps presidency than addressing issues facing the American people. So Trump may have obstructed a bogus witch hunt--but who wouldn't? But the dems are being dishonest. They know they've been pushing impeachment since day one: claiming Trump really isn't the president. They ARE NOT pushing for impeachment because Trump has committed any crime while in office.

-8 ( +0 / -8 )

Well if you read the book you would know that it's based on his experience in prison. He does not deny it. In fact he cherishes the experience and shows how democrats are the real crooks.

This guy is not only a convicted criminal and fraud, he a certified nut case. I'm surprised they sent him to jail instead of a mental institution.

What is up with Trumpers swearing allegiance to these kooks and frauds - Alex Jones gets on the stand and admits he just "plays a character" when he spews these nutty conspiracy theories - and Trumpers still believe him.

It's the closest thing to North Korea's cult I've seen - ignore the truth and facts - believe the lie.

Putin's poison has worked well on these folks...and the far-right media machine continues to get rich by taking their money...and then laughing at them...

3 ( +4 / -1 )

This guy is not only a convicted criminal and fraud, he a certified nut case. I'm surprised they sent him to jail instead of a mental institution.

Please tell us how he's a fraud and nutter--seriously.

-7 ( +0 / -7 )

Trump's incompetence as a leader, and inability to keep himself clean, non-conspiratory, and non-obstructionary, have bogged down his entire administration.

See what happens when you people elect a loser? He turns himself into a lame duck.

5 ( +6 / -1 )

Trump's incompetence as a leader, and inability to keep himself clean, non-conspiratory, and non-obstructionary, have bogged down his entire administration

You're absolutely right. The dems have done nothing short of bending over backwards to cooperate with this president.

I am offended, however, with your and other posters' use of the phrase, "you people". I would advise you guys to check your privilege.

-6 ( +0 / -6 )

Please tell us how he's a fraud and nutter--seriously

Seriously? This guy's a certified nut job, who is also a fraud and a convicted criminal. He's a hard core birther and said Sept 11 was caused by Hillary and Ted Kennedy. And anyone who buys this guy's books must be certified too.

In 2012, D’Souza resigned as president of a Christian college amid charges of adultery and deception. In 2014, D’Souza pleaded guilty to violating federal campaign-finance laws. He was sentenced to eight months of confinement followed by 52 months probation.

https://www.theatlantic.com/ideas/archive/2018/08/dinesh-dsouza-is-making-a-comeback/567233/

I just made a donation to the Trump for President 2020.

Putin thanks you...

2 ( +3 / -1 )

You're absolutely right. The dems have done nothing short of bending over backwards to cooperate with this president.

But, you guys! Eight years of Obama.

3 ( +3 / -0 )

Seriously? This guy's a certified nut job, who is also a fraud and a convicted criminal. He's a hard core birther and said Sept 11 was caused by Hillary and Ted Kennedy. And anyone who buys this guy's books must be certified too.

In 2012, D’Souza resigned as president of a Christian college amid charges of adultery and deception. In 2014, D’Souza pleaded guilty to violating federal campaign-finance laws. He was sentenced to eight months of confinement followed by 52 months probation.

https://www.theatlantic.com/ideas/archive/2018/08/dinesh-dsouza-is-making-a-comeback/567233/

You said absolutely nothing that wasn't already stated. He's admitted to making a straw campaign donation--that's it! You would already have known that if you read the book! if that's your criteria for judging someone's mental health, then guess what--everyone in Washington is certifiable. Your evidence that D'souza is certifiable says more about you than it does about him.

I suspect you are unfamiliar with D'souza or any of his work, you probably didn't know who he was and that he faced down a NY judge after releasing one of the most successful political documentaries. Which is ironic--him being a success story of an immigrant from a poor country coming to America and realizing the dream. But i guess you guys aren't really interested in legal immigrants.

After pondering over your convincing arguments, I think I'll still continue to read D'souza.

-5 ( +0 / -5 )

After pondering over your convincing arguments, I think I'll still continue to read D'souza.

You're free to do so - just understand he's laughing at you as he cashes all the checks....

3 ( +4 / -1 )

You're free to do so - just understand he's laughing at you as he cashes all the checks....

Thanks for the well wishes. Like I said before, you seem to have gift at reading the minds of others. I mean, to have personal knowledge that D'souza is laughing to bank, or that Putin is thanking the person who donated to Trump 2020.

I wish could glean the insides of people's minds so easily the way you do.

I am jealous.

-4 ( +0 / -4 )

Have you read the book? Do you know what charges D'souza faced? Can you provide links to any case studies of anyone ever being thrown in prison for what D'souza did?

Don't break the law and you won't be subject to the consequences. He plead guilty to a crime involving dishonesty, which means he's an admitted liar. This in turn means, according to conservative "logic," he can't he trusted, so his books are junk.

2 ( +3 / -1 )

the president tried to block Mueller investigation, that's not what the dems were after.

No prosecutor is ever after obstruction of justice, it happens when people chose to lie to the investigators, tamper with witnesses, etc.. It's nonsense to dismiss Donny's multiple attempts at obstruction as not a big deal because he chose to do it.

They were looking for collusion. Now that the Mueller report could not prove beyond a reasonable doubt Trump has committed any crime, dems are like: (in the drunken slobber of Polosi) "but you obstructed when we were trying to conduct a bs 

Mueller did not claim to fail to prove beyond a reasonable doubt that Donny obstructed. Mueller wasn't doing that because he wasn't in court, which is the proper venue for proving up a case. Mueller was investigating.

Accuracy lends an argument credibility.

2 ( +3 / -1 )

When are the Democrats going to stop this foolishness and get started on working for the American people?

-5 ( +1 / -6 )

A halfway house is not a prison. Hahaha!

2 ( +2 / -0 )

You said absolutely nothing that wasn't already stated. He's admitted to making a straw campaign donation--that's it! You would already have known that if you read the book! if that's your criteria for judging someone's mental health, 

Not for committing a felony, for the conspiracy theories. That was painfully obvious to anyone who actually read the comment,

2 ( +2 / -0 )

When are the Democrats going to stop this foolishness and get started on working for the American people?

When Donny and the Senate start proposing legislation. TEE HEE! HAR!

5 ( +5 / -0 )

This in turn means, according to conservative "logic," he can't he trusted, so his books are junk.

yes, yes, yes! We need an old-fashioned book burning.

-5 ( +0 / -5 )

When are the Democrats going to stop this foolishness and get started on working for the American people?

After we get all the traitors, frauds, con-men, criminals and other vermin out of the White House and this administration...

And the American people will thank us for taking our country back from the Trump-Putin cabal...

yes, yes, yes! We need an old-fashioned book burning.

If we're talking about D'Souza's books, it more like burning comic books or supermarket tabloids...

3 ( +4 / -1 )

All the Trump talk reminds me of an old (German??) saying:

The jar returns to the well until it breaks.

Sooner or later this will be the case for sure!

2 ( +3 / -1 )

yes, yes, yes! We need an old-fashioned book burning.

There's that conservative habit of taking words out of context and twisting them instead of addressing the substantive argument. Smooth critical discourse skillz.

2 ( +3 / -1 )

Another twist showing Donny's tax returns will be given to Congress:

https://www.yahoo.com/finance/news/irs-memo-says-president-apos-005914346.html

3 ( +4 / -1 )

Another twist showing Donny's tax returns will be given to Congress:

Let's assume the worse: Trump creatively exploited loopholes to reduce his tax bill, his taxes show he's lost a ton of money on business. So what? You think I'm going to vote for Bernie or Joey because Trump exploited loopholes? You think Maxine and Nancy are somehow more morally upright? Give me a break! When I file my taxes I'm always on the lookout to reduce my bill. Not releasing his taxes is not a crime, neither is exploiting loopholes. You guys are for loopholes when it comes to illegal aliens, but you are against them when it comes to Trump's taxes. He's even admitted to exploiting the loopholes.

I'm sure Trump's taxes will show his businesses have been run better than Maxine, Corey, and Nancy have run their districts.

-6 ( +0 / -6 )

Let's assume the worse: Trump creatively exploited loopholes to reduce his tax bill

What are you off about? Of course he’s been creative with his taxes. And I would assume the IRS would have already cleared all that.

That’s not the worst case scenario at all! And not even why we want to see his tax returns.

The worst case scenario is that he is in deep financial obligation directly to Putin and/or other Russian oligarchs. The worst case scenario is that they own the president of the US. Or do you think such a scenario is not the worst case?

6 ( +6 / -0 )

Seriously? This guy's a certified nut job, who is also a fraud and a convicted criminal.

Smeared like James Rosen yeah, I get it.

He's a hard core birther and said Sept 11 was caused by Hillary and Ted Kennedy. And anyone who buys this guy's books must be certified too.

What do you think of Michael Moore?

In 2012, D’Souza resigned as president of a Christian college amid charges of adultery and deception. In 2014, D’Souza pleaded guilty to violating federal campaign-finance laws. He was sentenced to eight months of confinement followed by 52 months probation.

Eight months, will society be any more safe? ROFL!*
-4 ( +1 / -5 )

The worst case scenario is that he is in deep financial obligation directly to Putin and/or other Russian oligarchs. The worst case scenario is that they own the president of the US. Or do you think such a scenario is not the worst case?

That's not the worse case scenario, because there is no such scenario. Trump is not owned by Russian oligarchs. More delusion.

-6 ( +0 / -6 )

That's not the worse case scenario, because there is no such scenario. Trump is not owned by Russian oligarchs. More delusion.

Um, and you know this because...

Seems like your argument is ‘you can’t investigate that because I say it’s delusional’.

Strong argument bro.

Anyways, watching trump kowtow to Putin, defend Russia, and refusal to even address the election meddling is extremely suspicious. As the leader of a nation attacked by Russia, the natural expectation would be at least a stern talking to. At the absolute least. And yet Trump refuses to even broach the subject. Why?

And you think that investigating this is delusional. Well, someone’s delusional alright.

5 ( +5 / -0 )

These judges who took an oath to uphold the Constitution and are now breaking their oath need to be fired and prosecuted.

-6 ( +0 / -6 )

He's a hard core birther and said Sept 11 was caused by Hillary and Ted Kennedy. And anyone who buys this guy's books must be certified too.

What do you think of Michael Moore?

Michael Moore saw Trump as a danger early on and tipped him to win, while you were backing Ben Carson, calling Trump the leader of a lunatic fringe and tipping Clinton to win.

That said, he’s a partisan like D’Souza. I know you are non-partisan and wouldn’t trust either.

3 ( +3 / -0 )

What do you think of Michael Moore?

He has nothing to do with Dinesh D'souza a crackpot conspiracy theorist.

Eight months, will society be any more safe? ROFL!*

You think he should have gotten longer?

3 ( +3 / -0 )

These judges who took an oath to uphold the Constitution and are now breaking their oath need to be fired and prosecuted.

Someone hates the Justine system.

2 ( +2 / -0 )

That said, he’s a partisan like D’Souza. I know you are non-partisan and wouldn’t trust either.

Can't be making me laugh like this whilst I'm on public transport.

2 ( +2 / -0 )

Seriously? This guy's a certified nut job, who is also a fraud and a convicted criminal.

Smeared like James Rosen yeah, I get it.

He must have smeared himself since he confessed to the crime...

He's a hard core birther and said Sept 11 was caused by Hillary and Ted Kennedy. And anyone who buys this guy's books must be certified too.

What do you think of Michael Moore?

I don't know - why don't you find an article on him and comment on that?

In 2012, D’Souza resigned as president of a Christian college amid charges of adultery and deception. In 2014, D’Souza pleaded guilty to violating federal campaign-finance laws. He was sentenced to eight months of confinement followed by 52 months probation.

Eight months, will society be any more safe? ROFL!*

As nutty as this guy is, the only ones that are safe are the ones that refuse to read his hate-speech books...

Adultery and deception - trying to mirror his President...

3 ( +3 / -0 )

Michael Moore saw Trump as a danger early on

As did D’Souza did with Obama.

That said, he’s a partisan like D’Souza.

Nothing wrong with that.

I know you are non-partisan and wouldn’t trust either.

Me trusting D’Souza has absolutely nothing to do with me being partisan or not for the record.

-2 ( +0 / -2 )

He must have smeared himself since he confessed to the crime..

Yeah, whatever happened to Anita Dunn and Lois Lerner by the way?

As nutty as this guy is, the only ones that are safe are the ones that refuse to read his hate-speech books...

Seriously? That was your best shot? Lol

Adultery and deception - trying to mirror his President...

Welcome to the world of men and politics.

-3 ( +0 / -3 )

He must have smeared himself since he confessed to the crime..

Yeah, whatever happened to Anita Dunn and Lois Lerner by the way?

He's a confessed felon - or on plain speak, a member of Trump-world....

As nutty as this guy is, the only ones that are safe are the ones that refuse to read his hate-speech books...

Seriously? That was your best shot? Lol

And?

Adultery and deception - trying to mirror his President...

Welcome to the world of men and politics.

Welcome to the the world of Trump and his merry band of perverts...

2 ( +3 / -1 )

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