May was a terrible month for Donald Trump, and it has everything to do with his darkest secrets now being made public for all to see.
Trump’s luck turned sour late last month when a federal judge ruled that both Deutsche Bank and Capital One are required to hand over his financial records related to their dealings with the president and his businesses. The Trump family had appealed an earlier court ruling to keep the banks from complying with a congressional subpoena.
Additionally, NBC News reported that two other banks that have had extensive dealings with Trump and the Trump Organization — Wells Fargo and TD Bank — have already given thousands of pages of financial documents to the House Financial Services Committee, which is chaired by Rep. Maxine Waters (D-CA):
“Wells Fargo provided the committee with a few thousand documents and TD Bank handed the committee a handful of documents, according to a source who has seen them. The committee … is especially interested in the president’s business relationship with Russia and other foreign entities.”
Waters was a guest on the MSNBC show “Hardball” recently, and she told host Chris Matthews her committee did receive the documents in question, but “we don’t have information to share with you at this time about what we’ve learned from the documents.”
Also, the Wells Fargo and TD Bank compliance with a subpoena are merely a fraction of those Waters has asked for, NBC noted:
“(The) committee has also sent subpoenas to Citigroup, Morgan Stanley, Royal Bank of Canada, Bank of America, and JP Morgan Chase. The Royal Bank of Canada is in the process of complying with the subpoena, according to a source.”
When the subpoenas were issued in April, Congresswoman Waters made clear the reason for her request:
“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 pursuant to its oversight authority, and will follow the facts wherever they may lead us.”
Trump once said his financial records were a proverbial “red line” that he would not tolerate. But federal judges don’t answer to presidents and have lifetime tenure. That means all of the president’s dirty financial laundry is going to be aired in the very near future.