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Wed Sep 30, 2020, 08:17 PM

Remember how, last year, @DeutscheBank told a federal court that it did not have @realDonaldTrump's


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David Enrich
@davidenrich
1/ Remember how, last year, @DeutscheBank told a federal court that it did not have @realDonaldTrump's tax returns?

Congressional committees investigating President Trump subpoenaed Deutsche Bank this year for its financial records, including federal tax returns, related to him, his companies and his family.
Deutsche Bank Does Not Have Trump’s Tax Returns, Court Says
nytimes.com
https://t.co/tC1wqOQFuV?amp=1


2/ This was very surprising to me, as I'd previously reported that Deutsche did have portions of some returns.

When I told a former exec about what DB had told the court, he was stunned – he said he had seen the returns with his own eyes.

David Enrich
@davidenrich
Replying to @davidenrich @DeutscheBank and @realDonaldTrump
I talked today to a former @DeutscheBank executive, who was among those who reviewed the @realDonaldTrump tax returns that were in the bank's possession.

When I told him Deutsche says it doesn't have the returns, this is how he reacted. (Posting this with source's permission)

David Enrich
@davidenrich
3/ I've been wondering about this ever since. And while I don't have a clear answer of what happened to the returns, I just found what looks like proof that Deutsche Bank at one time did have some of Trump's federal income tax returns (along with other financial information).

4/ In February 2005, when DB agreed to lend Trump $640M to build a skyscraper in Chicago, the bank required that Trump personally guarantee $40M of the loan.

That "Payment Guaranty" agreement was later disclosed in a heap of NY state court filings.

5/ The guaranty agreement clearly states that Trump (the Guarantor) was providing DB (the Agent) with copies of his federal income tax returns, as well as statements of his financial condition, etc. See for yourself.

6/ This doesn't explain what happened to the tax returns that Deutsche at one point had. Nor does this 2005 agreement prove the bank had portions of his returns for later years, as sources have told me.

But, for a DB/Trump obsessive like me, it is interesting.

The End, for now.

7/ And this, from the 2005 loan agreement itself, says that @realDonaldTrump was required to provide @DeutscheBank with his federal tax returns *every year* going forward.

Trump defaulted on this loan in November 2008, at which point he presumably stopped providing his returns.


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Reply Remember how, last year, @DeutscheBank told a federal court that it did not have @realDonaldTrump's (Original post)
soothsayer Sep 30 OP
crickets Sep 30 #1
musette_sf Sep 30 #2

Response to soothsayer (Original post)

Wed Sep 30, 2020, 09:54 PM

1. Very interesting. K&R for visibility.

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Response to soothsayer (Original post)

Wed Sep 30, 2020, 09:55 PM

2. K&R

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