Someone Did Get to Look at Trump's Tax Returns: Deutsche Bankers

[yortsed snacilbuper]

Donald Trump doesn’t want anyone to see his tax returns. Not the public. Not Congress.

But at least one group has peered into the carefully guarded trove and could provide some insight -- a team from Deutsche Bank AG.

The bankers got a look before agreeing to lend to the Trump Organization in 2012 -- access that was described by two people familiar with the interaction. It was all part of a fresh start on a banking relationship that had soured after the financial crisis, descending into litigation over a Chicago project.

After a recent subpoena, Deutsche Bank was prepared to begin on May 6 turning over details to Congress about that relationship and its loans to Trump family businesses.

Now, Trump and his family have sued to stop the flow of information. That follows an earlier lawsuit against Democrats and Trump’s outside accounting firm to prevent similar subpoena responses. Meanwhile, the Treasury Department has balked at supplying Trump’s tax filings from the Internal Revenue Service, a standoff that could fuel protracted court battles over the extent of congressional oversight.

link

[PoliticAverse]

1. Did they see the real returns? n/t

[C_U_L8R]

2. Just the doctored up ones

[JustABozoOnThisBus]

3. In tax returns, what is real?

Mitt Romney showed a tax return with a generous donation to charity. I wonder if he sent a subsequent amended return to reflect actuality, so he could use the first return for politics and the second to stay legal.

I would guess Trump's returns, like Don Jr's security clearance applications, are an endless stream of amendments/corrections.

[PoliticAverse]

5. There's the problem. The only one with the "real" returns are the IRS, and they never release them.

[customerserviceguy]

7. That was my first thought

Trump and his minions knew that there was no way the bank would ever be able to compare what they were submitted with the real ones. And that probably is propelling his absolute need to keep the ones that were actually filed a secret. If any bankster who was willing to lend to Trump were to compare the ones they have with the filed ones, that would be bank fraud, and even without a criminal trial, there would be a civil trial to recover damages for money lost due to Trump business failures.

[FakeNoose]

4. We already know from Michael Cohen

... that Chump overstates his income to bankers and understates the same to the IRS. So whatever DeutscheBank has is going to look much better for Chump than any real numbers will. Probably the IRS would be interested in taking a look at the same documents.

[yortsed snacilbuper]

6. The story of how a team from Deutsche Bank got to review Trump's tax records,

begins with the president’s daughter, Ivanka Trump, according to the people familiar with the interactions.

She served as the primary contact between the Trump Organization and Deutsche Bank in early discussions ahead of 2012 loans for the Trump International Hotel and Tower in Chicago, which had spurred the lawsuits, as well as for the Trump National Doral Golf Club in Florida, the people said. She provided the bank with a tabulation of the Trump Organization assets and their values to support the initial request for more than $100 million, one of the people said.

[Yo_Mama_Been_Loggin]

8. Good

Hopefully we will soon as well.