Judges surprise attorneys for Trump’s bankers by asking about his tax returns

Trump to square off in court with House Democrats over financial records

A Trump attorney, for good measure, would add that House Financial Services and Intelligence committees were overstepping their legal authority in issuing these subpoenas.

He said the Trump-related subpoenas are getting lots of attention because of his high profile but to suggest that the focus of the investigation is "only Trump, it's a lie".

A three-judge panel of the 2nd Circuit U.S. Court of Appeals had ruled unanimously against the president July 9, concluding "The First Amendment does not permit a public official who utilizes a social media account for all manner of official purposes to exclude persons from an otherwise‐open online dialogue because they expressed views with which the official disagrees".

Attorneys for Deutsche Bank and Capital One repeatedly refused to tell a federal appeals court Friday whether the banks have President Trump's tax returns, citing "contractual obligations" for rebuffing the court's questions.

Capital One's lawyer, James Murphy, also declined to answer, saying simply, "I prefer not to".

"I do not think they have a legitimate legislative goal that supports these subpoenas", Patrick Strawbridge, a lawyer for the Trumps, told the appeals court. Trump has broken with decades of precedent by refusing to release his tax returns and has launched a multi-court effort to keep the details of his finances secret.

Letter said it was necessary to obtain many of Trump's and his family's financial records at two banks because he has run a small family business with lots of intersecting parts.

She said it made her want to "seriously consider" Justice Department arguments that the Constitution's separation of powers between branches of government requires that the scope of the subpoenas be narrowed.

Letter also defended the committees' subpoenas as part of sweeping investigations into Russian money laundering that could lead to legislation. They said it should be treated like any personal property belonging to Trump.

Trump's company has taken out about $568 million in loans from Deutsche Bank since 2012, according to public filings.

Trump's financial disclosures and loan records indicate that all four of the loans remain outstanding, though they do not show the balances outstanding.

It followed an informal request in March to the bank by Democratic lawmakers seeking records related to potential conflicts of interest tied to Trump's Washington hotel and other businesses.



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