I hope Deutsche Bank dies because of this betrayal of customer privacy. Hating Trump is not a sustainable business model.
Posted on 03/27/2019 6:53:11 AM PDT by TexasGunLover
Can I have fries with my nothing burger?
1. I did not think foreign banks were legally subject to any demands by a U.S. congressional committee.
2. I thought any such demand would have to be asked by the treasury to be carried out by the department of justice.
3. So is Pelosi trying to bypass the laws?
Isn’t there some sort of privacy issue here? Aren’t subpoenas and lawyers for crimes, not to go fishing to find/make up crimes?
The double standards are over the top.
bump
"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated …"You can't go on fishing expeditions just because you don't like someone. These scum bags have no more right to do this than I have to go through my neighbor's bank accounts and papers.
Let's see, The President's lawyer trampled all over attorney-client privilege and now he's going to jail for a LONG time.
Maybe Deutsche Bank should reconsider?
My thought exactly!
Marxist Waters
Didn’t several of Deutsche Bank’s higher-ups commit suicide in the recent past? Of course, maybe it wasn’t suicide...but they’re dead.
The dems are mad over the Müller report and are determined to find something to impeach Trump over. You can be sure they will “find” something in the bank’s information.
I wonder if President Trump has cause to take action against this bank?
Lets see Marxine and Mr Marxine Waters’ bank records....for decades back.
This is beyond outrageous.
Just what I was thinking, Daily Mail=fake news.
I hope Deutsche Bank dies because of this betrayal of customer privacy. Hating Trump is not a sustainable business model.
Some background:
12 U.S. Code § 3403 - Confidentiality of financial records
(a) Release of records by financial institutions prohibited
No financial institution, or officer, employees, or agent of a financial institution, may provide to any Government authority access to or copies of, or the information contained in, the financial records of any customer except in accordance with the provisions of this chapter.
(b) Release of records upon certification of compliance with chapter
A financial institution shall not release the financial records of a customer until the Government authority seeking such records certifies in writing to the financial institution that it has complied with the applicable provisions of this chapter.
(c) Notification to Government authority of existence of relevant information in records
Nothing in this chapter shall preclude any financial institution, or any officer, employee, or agent of a financial institution, from notifying a Government authority that such institution, or officer, employee, or agent has information which may be relevant to a possible violation of any statute or regulation. Such information may include only the name or other identifying information concerning any individual, corporation, or account involved in and the nature of any suspected illegal activity. Such information may be disclosed notwithstanding any constitution, law, or regulation of any State or political subdivision thereof to the contrary. Any financial institution, or officer, employee, or agent thereof, making a disclosure of information pursuant to this subsection, shall not be liable to the customer under any law or regulation of the United States or any constitution, law, or regulation of any State or political subdivision thereof, for such disclosure or for any failure to notify the customer of such disclosure.
(d) Release of records as incident to perfection of security interest, proving a claim in bankruptcy, collecting a debt, or processing an application with regard to a Government loan, loan guarantee, etc.
(1) Nothing in this chapter shall preclude a financial institution, as an incident to perfecting a security interest, proving a claim in bankruptcy, or otherwise collecting on a debt owing either to the financial institution itself or in its role as a fiduciary, from providing copies of any financial record to any court or Government authority.
(2) Nothing in this chapter shall preclude a financial institution, as an incident to processing an application for assistance to a customer in the form of a Government loan, loan guaranty, or loan insurance agreement, or as an incident to processing a default on, or administering, a Government guaranteed or insured loan, from initiating contact with an appropriate Government authority for the purpose of providing any financial record necessary to permit such authority to carry out its responsibilities under a loan, loan guaranty, or loan insurance agreement.
Additional Background:
12 U.S. Code § 3402 - Access to financial records by Government authorities prohibited; exceptions
Except as provided by section 3403(c) or (d), 3413, or 3414 of this title, no Government authority may have access to or obtain copies of, or the information contained in the financial records of any customer from a financial institution unless the financial records are reasonably described and—
(1) such customer has authorized such disclosure in accordance with section 3404 of this title;
(2) such financial records are disclosed in response to an administrative subpena or summons which meets the requirements of section 3405 of this title;
(3) such financial records are disclosed in response to a search warrant which meets the requirements of section 3406 of this title;
(4) such financial records are disclosed in response to a judicial subpena which meets the requirements of section 3407 of this title; or
(5) such financial records are disclosed in response to a formal written request which meets the requirements of section 3408 of this title.
Is there and underlying crime or is this a witch hunt. I think the latter.
They never let a little thing call “fruits of the poison tree” impede their attempts to prosecute.
Very helpful. Thanks!
Even with the almost dreaded double post.
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