Eric Trump Criticizes Democrats’ Deutsche Bank Subpoena Into Donald Trump’s Finances

Deutsche Bank has loaned Donald Trump over $2 billion during the course of two decades, something most other financial institutions were not comfortable with doing. Democrats are investigating this, and the Financial Services and House Intelligence committees have issued a subpoena this week. The subpoena is asking the German bank for information pertaining to Trump and is asking for documents relating to “possible money-laundering by people in Russia and Eastern Europe.”

Financial Services’ Chairwoman Maxine Waters issued a statement discussing the committees’ joint venture into investigating the bank, expressing how “the potential use of the U.S. financial system for illicit purposes is a very serious concern.” They are “exploring these matters, including as they may involve the president and his associates, as thoroughly as possible pursuant to its oversight authority.” The investigation has reportedly been ongoing for months already, with the bank cooperating with Democrats and congressional investigators.

SLIDESHOW: TOP DEMOCRATS RUNNING FOR PRESIDENT IN 2020

Trump Organization lawyer Alan Garten has commented how the organization was evaluating the options for how to prevent the bank from adhering to the subpoena. Eric Trump spoke out against the Democrats’ efforts in a statement, saying it’s “an unprecedented abuse of power and simply the latest attempt by House Democrats to attack the president and our family for political gain.” Moreover, he believes this act against his father will establish “a horrible precedent for all taxpayers.” The younger Trump also expressed his displeasure at the news on Twitter, accusing Democratic leaders of harassing his father out of an inability to properly do their jobs:

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

Matt Reisine

A writer for uPolitics with an array of interests.

Recent Posts

After Trump Is Caught Thanking Chief Justice Roberts, President Attacks ‘Sleazebag’ Critics Who Said It Was For Immunity Decision

President Donald Trump addressed speculation about his comments to Chief Justice John Roberts after he…

13 hours ago

VIDEO: Musk Attends Pentagon Meeting After Report He Would Be Briefed Top-Secret War Plan For China, Raising Ethics Concerns

https://youtu.be/w9WkLlHhn_w Elon Musk visited Department of Defense officials at the Pentagon on Friday. Leaked information…

15 hours ago

Trump Administration Set To Scrap Guantánamo Immigrant Detention Plan After Cost Spirals To $249,000 Per Inmate

In late January, President Donald Trump announced a plan that would detain tens of thousands…

17 hours ago

Conservative Podcaster Ben Shapiro Calls On Trump To Pardon Derek Chauvin, Police Officer Convicted Of Killing George Floyd

Conservative commentator Ben Shapiro called on President Donald Trump to pardon ex-Minneapolis police officer Derek…

19 hours ago

Trump’s Vow For Retribution At Justice Department Alarms Ethics Experts

In a campaign-style speech at the Department of Justice on Friday, President Donald Trump outlined his vision…

2 days ago

VIDEO: Trump Signs Executive Order Calling For Elimination Of Department Of Education Surrounded By School Kids At Desks

https://www.youtube.com/shorts/aWpTcpG89L4 President Donald Trump signed an executive order to begin dismantling the Department of Education…

2 days ago