Is Mueller Subpoena of Deutsche Bank Fake News?
Multiple news outlets, citing an anonymous source or sources, reported that the scandal-ridden special counsel investigation led by Robert Mueller issued a subpoena to Deutsche Bank AG for records regarding President Donald Trump and his family. It now appears to be another poorly-sourced fake news story.
Shill News Revealing Themselves?
First, the various reports (listed in publication order):
Why Trump Has Good Reason to Worry About a Mueller Probe of Deutsche Bank
It may turn out that Donald Trump’s biggest legal risk does not arise from the alleged connections between his 2016 presidential campaign and Russia but from his two-decades-long relationship with a scandal-prone German bank. On Tuesday, several news outlets said U.S. Special Counsel Robert Mueller had asked Deutsche Bank for data on accounts held by Trump and his family, first the German daily Handelsblatt and later Bloomberg, The Wall Street Journal and Reuters. Mueller sent the bank a subpoena several weeks ago asking for information on certain accounts and credit transactions. In response, the bank has turned over documents to the investigators, these stories said.
White House press secretary Sarah Huckabee Sanders said Tuesday that these stories are false.
“No subpoena has been issued or received. We confirmed this with the bank and other sources,” Huckabee said. Even if a subpoena has not yet been issued, Trump’s legal team is likely on high alert over what an investigation by Mueller into Deutsche Bank might turn up
Trump has deep and long-lasting ties to the German bank. Over the last 20 years, Trump and his businesses have received more than $4 billion in loan commitments and potential bond offerings from Deutsche Bank, according to The New York Times. Despite the:
White House and Trump lawyers: President’s financial records have not been subpoenaed
It a game that is played to keep the masses working and enslaved – Limited Seating for Players? Friends helping friends is the name of the game and making sure your life will never be the same. Look around and what do I see? Lies and corruption all around me!
Flashback 2015: The $14bn Deutsche Bank fine – all you need to know
Shares in Deutsche Bank, Germany’s largest bank, took a dive after news that the institution faces a $14bn (£10.5bn) charge over mis-selling mortgage securities in the US. Here are some of the questions raised by the bank’s latest spat with regulators.
Why is Deutsche Bank in trouble?
The prospect of a $14bn penalty from the US Department of Justice has rattled investor confidence in Deutsche. Sentiment was already weak following a turbulent start to the year when prospects of a slowdown in global growth and lower interest rates raised questions about the bank’s future profits and dented the share price. The penalty aims to settle allegations, dating back to 2005, about the way the bank selected mortgages, packaged them into bonds and sold on to investors. These bonds are known as residential mortgage-backed securities (RMBS).
Can Deutsche afford the bill?
Deutsche Bank has been quick to describe the fine as an “opening position” from Washington. It is easy to see why. It would be one of the largest ever fines levied by the US. It could also strain the bank’s finances. For 2015, the bank reported: