ET:
President Donald Trump, three of his children, and seven of his companies filed a federal lawsuit on April 29 against Deutsche Bank and Capital One Financial Corp. to block the banks from complying with congressional subpoenas that seek the family’s banking and financial records.
The federal lawsuit, filed in the U.S. District Court’s Southern District of New York, contended that demands for records by Democrat-controlled House committees have no legitimate or lawful purpose and are so broad they would include transaction records on the Trump family’s personal shopping.
“The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family,” the lawsuit stated.
It also stated that the Democrats hope “they will stumble upon something they can expose publicly and use as a political tool against the President.”
Rep. Maxine Waters (D-Calif.), chairwoman of the Financial Services Commission, and Rep. Adam Schiff (D-Calif.), chairman of the Intelligence Committee, called the lawsuit “meritless” in a joint statement, The New York Times and other media reported.
Legislative Purpose
On April 15, two U.S. House of Representatives committees issued subpoenas to multiple financial institutions for information on Trump’s finances. Both banks have been involved in Trump’s real estate empire.
The committees need to have a legislative purpose for their action and have justified the subpoenas as a part of an investigation of “potential foreign influence on the U.S. political process” or the use of the financial system for “illicit purposes.”
“The potential use of the U.S. financial system for illicit purposes is a very serious concern. The Financial Services Committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible,” Waters said in an earlier statement.
Schiff said previously in a statement the subpoenas issued included a “friendly subpoena to Deutsche Bank.”
Schiff, Waters, and other Democrats had consistently accused Trump of being in “collusion” with the Russian government—an allegation that goes back to 2016, when the Democratic Party and the presidential campaign of former Secretary of State Hillary Clinton were seeding rumors that the Trump campaign worked with Russia to influence the elections. After more than two years of investigations, Trump and his associates were cleared of those allegations by special counsel Robert Mueller.
‘Overbroad’
Trump’s suit complains that the subpoenas are “intrusive and overbroad” and seek information that “long predates the President’s election to office, reaches well beyond transactions associated with foreign parties, and encompass reams of account records for entities, individuals, children, and spouses who have never even been implicated in any probe.”
The suit says that Schiff and Waters refused to share the subpoena with the plaintiffs or even reveal any information about their content, “notwithstanding their willingness to discuss the subpoenas with the press.” MORE HERE
SNIP: Isn’t Maxine Waters under some sort of financial fraud investigation?
GOOD FOR HIM! I’m glad he’s had enough of the bullshit from these limp dick liberal cockbites who can only see their hate of Trump! I’m tired of those commie faggots and would like to see them all have some sort of fatal accident. They all appear to have some kind of disability that makes them look deranged.
The lawsuit by President Trump is a no brainer. Congress has no right to demand these documents in light of the Mueller probe, which found no evidence of collusion.
It appears to me there must be an overridingly good reason to demand these private documents, and these democrat skunks don’t have one.
Stand your ground, Mr. President. To give an inch would mean the sour losers would double down.
We hired a builder ( again not a preacher).
The POTUS knows about ‘bullshit lawsuit obstacles’ to build the tower, a bright shiny one at that.
Let ANYONE else, any of the ones he beat to the ONES HE WILL BEAT, what is like to build in NYC??? There, as a builder, may not be a tougher job. So that means? HE KNOWS what he is doing. This being aside from the fact that he is also self made media.
The story of the Swamp loved him before they hate him.
They, The Swamp, are NOT used to this FIGHT BACK behavior and quite freakin’frankly NEITHER are we!
POTUS needs to drain the Swamp (in process), then fill with gravel 4′ (in NY) below surface, rebuild foundation and start a new platform.
Make it beautiful!
This is what we are watching the demolition of an old building site and the re-birth of a new building on the very same piece of land.
Guess what? IT CAN BE DONE.
Our POTUS knows this.
They are even asking for Tiffany Trump’s debit transactions. Congress does not get to launch a neverending investigation into Trump after the two years of hell they’ve put us through with Mueller.
Russian witch hunt failed.
Evil democrats are going on a fishing expidition now.
What a horrible state we’d be in, if Americans had financial privacy.
What say we put Maxine Waters and Schiff for brains under the microscope. Start with Maxine’s fraudulent TARP money to her husband’s failed bank. Waddya think Maxine, izzat good idea or what?
Isn’t there supposed to be some sort of probable cause to merit a judge signing a subpoena?
Obama appointee, or Clinton?
@CC May 1, 2019 at 2:52 pm
> Isn’t there supposed to be some sort of probable cause to merit a judge signing a subpoena?
“Here’s your sign.”