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Deutsche Bank Sure Is Taking Awhile To Put The Words 'No, We Didn't Use A Complex System Of Mirror Trades To Funnel Money From Russia To Trump' Onto Company Letterhead

Is “nein” really that hard to translate?
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When a group of congressional Democrats demanded a few weeks ago that Deutsche Bank disclose whether Russia backed any of its loans to Donald Trump, and specifically if the bank's mirror trading scandal benefited the future president in any way, it was hard not to see the request as another fevered example of Trump-Russia Mad Libs in action. There was Russian Thing over here (Deutsche Bank's mirror trades) and Trump Thing over there (the Donald's Deutsche loans), so it was only a matter of time before a few Democratic legislators drew a highly speculative line between the two dots and fired off a congressional inquiry.


Accordingly, we didn't expect Deutsche Bank to waste much time sending D.C. a polite and official-sounding “nein.” And yet, two weeks out from the request, Washington is still waiting as John Cryan's legal squad evidently battles a case of writer's block:

Germany's largest bank has asked for more time to respond to a request from Democrats on a U.S. House of Representatives panel for details about U.S. President Donald Trump's possible ties to Russia, a person familiar with the matter said on Monday.

Deutsche Bank's external counsel sent a letter dated Friday June 2 to the Democrats saying it needed additional time, the source told Reuters. The person spoke on condition of anonymity and declined to specify how much more time the bank's counsel needed.

It still seems vanishingly unlikely that the Trump Organization might have lapped up some of the $10 billion in illegal equities trades that Deutsche Bank engineered between 2011 and 2015 to help Russian money launderers do their thing. Then again, we live in a universe where “President Donald Trump Welcomes Ted Nugent To White House” is a real thing, so who are we to say what's within the realm of possibility? Suffice to say that we at Dealbreaker don't deserve to live in a world where Deutsche Bank's criminal idiocy actually does become Donald Trump's undoing.

Deutsche Bank asks for more time for U.S. query on Trump, Russia: source [Reuters]


By Nordenfan (Own work) [CC BY-SA 4.0], via Wikimedia Commons

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