Internal Combustion

JM Ashby
Written by JM Ashby

(Cartoonist - John Cole)

In other news, Trump is threatening to veto a government spending bill and shut down the government if he doesn't get funding for his fantasy border wall next week.

Meanwhile, the Department of Veterans Affairs reportedly told Congress that they will not repay veterans who did not receive full GI Bill benefits because of technical problems.

Finally, German authorities have raided Deutsche Bank's headquarters in Frankfurt in connection with a money laundering investigation.

While money-laundering suspicions stem from the 2016 disclosures known as the Panama Papers, the investigation covers the five-year period from 2013 to 2018, a spokeswoman for Frankfurt prosecutors said. The main suspects in the probe, focused on a unit in the British Virgin Islands that processed 311 million euros ($354 million) in 2016 alone, were two bank employees identified by their ages -- 50 and 46. One works in the anti-financial crime office. [...]

The officials said the Thursday raid wasn’t related to its role as a correspondent bank for money laundering at Denmark’s Danske Bank. Authorities seized documents and electronic files after more than six police vehicles, blue lights flashing, pulled up to Deutsche Bank’s main offices shortly before 9 a.m., in an operation involving about 170 officers. The home of one of the suspects was also searched.

The German lender may have helped clients in setting up offshore companies in tax havens. Money obtained illegally may have been transferred to accounts at Deutsche Bank, which failed to report the suspicions that the accounts may have been used to launder money, Frankfurt prosecutors said.

A brief reminder that Trump owes hundreds of millions of dollars to Deutsche Bank. Trump has been doing business with Deutsche Bank because no American banks would touch him after multiple bankruptcies.

  • katanahamon

    Great article at Daily Beast about how the founders simply never imagined a crooked con man weasel as president..that he’s basically at this point being protected from prosecution on several fronts. It’s true…he’s committed crime after crime, lie after lie, the damage is piling up. We must get rid of him…January can’t come soon enough.

  • Trump is a bully but a coward. If Congress passes a bill without his wall, he’ll sign it. He doesn’t have the courage to put anything on the line and veto it.

    • Lin Kiki

      Also he has to keep the (Obama) economy up and looking good if he want his numbers to stay where they are. if (when) the economy tanks under his watch except at least a 10% drop and it will never recover.

  • Aynwrong

    How many times has Trump threatened a shutdown if he doesn’t get his wall?

    A lot of vets voted for Trump. They did so even after his claim of having donated millions to a veterans charity during the campaign was proven to have been a blatant lie. I’m not suggesting that vets who voted for Trump deserve this kind of treatment. They don’t. I’m saying that they got what they voted for.

    • Christopher Foxx

      I’m not suggesting that vets who voted for Trump deserve this kind of treatment.

      I’ll do it, then.

      I have no sympathy, on the contrary nothing but scorn, for people who are suffering because of Trump’s policies if they voted for Trump. They are indeed getting exactly what was advertised and promised and, further, have inflicted it on the rest of us.