Can Donald Trump Run for President Again If He Broke A Particular Law?

I Will Never Call Donald Trump President

Survey says…

Charlie Savage, The New York Times, reports:

Early reports that the F.B.I. search of former President Donald J. Trump’s residence in Florida related to an investigation into whether he had unlawfully taken government files when he left the White House focused attention on an obscure criminal law barring removal of official records. The penalties for breaking that law include disqualification from holding any federal office.

Because Mr. Trump is widely believed to be preparing to run for president again in 2024, that unusual penalty raised the prospect that he might be legally barred from returning to the White House.

Specifically, the law in question — Section 2071 of Title 18 of the United States Code — makes it a crime if someone who has custody of government documents or records “willfully and unlawfully conceals, removes, mutilates, obliterates, falsifies or destroys” them. If convicted, defendants can be fined or sentenced to prison for up to three years. In addition, the statute says, if they are currently in a federal office, they “shall forfeit” that office, and they shall “be disqualified from holding any office under the United States.” On its face, then, if Mr. Trump were to be charged and convicted of removing, concealing or destroying government records under that law, he would seem to be ineligible to become president again.

But there was reason for caution

several legal scholars — including Seth B. Tillman of Maynooth University in Ireland and Eugene Volokh of the University of California, Los Angeles — noted that the Constitution sets eligibility criteria for who can be president, and argued that Supreme Court rulings suggest Congress cannot alter them. The Constitution allows Congress to disqualify people from holding office in impeachment proceedings, but grants no such power for ordinary criminal law.

(click here to continue reading Can Donald Trump Run for President Again If He Broke This Law? – The New York Times.)

So, maybe? Can a law passed by Congress supersede a provision in the Constitution? And will states allow a criminal on the ballot?

Emails Reveal Details of Trump Fake Electors Plan

Impeach Trump

The fake electoral vote creator aka insurrectionists need to serve time in prison.

The New York Times reports:

Previously undisclosed emails provide an inside look at the increasingly desperate and often slapdash efforts by advisers to President Donald J. Trump to reverse his election defeat in the weeks before the Jan. 6 attack, including acknowledgments that a key element of their plan was of dubious legality and lived up to its billing as “fake.”

The dozens of emails among people connected to the Trump campaign, outside advisers and close associates of Mr. Trump show a particular focus on assembling lists of people who would claim — with no basis — to be Electoral College electors on his behalf in battleground states that he had lost.

In emails reviewed by The New York Times and authenticated by people who had worked with the Trump campaign at the time, one lawyer involved in the detailed discussions repeatedly used the word “fake” to refer to the so-called electors, who were intended to provide Vice President Mike Pence and Mr. Trump’s allies in Congress a rationale for derailing the congressional process of certifying the outcome. And lawyers working on the proposal made clear they knew that the pro-Trump electors they were putting forward might not hold up to legal scrutiny.

In a follow-up email, Mr. Wilenchik wrote that “‘alternative’ votes is probably a better term than ‘fake’ votes,” adding a smiley face emoji.

 

(click here to continue reading Emails Reveal Details of Trump Fake Electors Plan – The New York Times.)

Jan. 6 Hearing in Prime Time

No Puppet!

I am looking forward to this season finale of the Jan 6 Committee. Hope there is a second season airing this fall…

The NYT reports:

The House committee investigating the Jan. 6, 2021, attack on the Capitol will hold its next public hearing on Thursday, returning to prime time for the eighth in a series of hearings that began in June.

The committee has spent more than a year investigating the events surrounding the riot. The forthcoming hearing is expected to focus on the 187 minutes during which President Donald J. Trump stood by while a mob of his supporters overran the Capitol, resisting repeated calls from those in his inner circle to tell the rioters to stand down.

(click here to continue reading How to Watch Tonight’s Jan. 6 Hearing in Prime Time – The New York Times.)

Trump Is Guilty of Insurrection

Despite how the majority of Republicans looked the other way, Trump is still guilty of inciting insurrection. His role in encouraging terrorists to storm the Capitol building will be remembered by history.

These Senators are all traitors to America:

  • Bill Hagerty (TN)
  • Charles Grassley (IA)
  • Cindy Hyde-Smith (MS)
  • Cynthia Lummis (WY)
  • Dan Sullivan (AK)
  • Deb Fischer (NE)
  • James Lankford (OK)
  • James Risch (ID)
  • Jerry Moran (KS)
  • Jim Inhofe (OK)
  • John Barrasso (WY)
  • John Boozman (AR)
  • John Cornyn (TX)
  • John Hoeven (ND)
  • John Kennedy (LA)
  • John Thune (SD)
  • Joni Ernst (IA)
  • Josh Hawley (MO)
  • Kevin Cramer (ND)
  • Lindsey Graham (SC)
  • Marco Rubio (FL)
  • Marsha Blackburn (TN)
  • Mike Braun (IN)
  • Mike Crapo (ID)
  • Mike Lee (UT)
  • Mike Rounds (SD)
  • Mitch McConnell (KY)

 

Mitch McConnell is the worst of these traitors, trying to have it both ways:

The top Senate Republican gave his most damning condemnation of Donald Trump, but said the Senate had no power to convict an ex-president. He had refused to try Mr. Trump while he remained in office.

Senator Mitch McConnell said he believed that Donald J. Trump was undeniably guilty of a “disgraceful dereliction of duty” on Jan. 6, when he incited and then failed to do anything to halt a deadly assault on the Capitol.

“There’s no question — none — that President Trump is practically and morally responsible for provoking the events of the day,” Mr. McConnell, the Kentucky Republican and minority leader, declared Saturday afternoon in an anti-Trump diatribe so scathing that it could have been delivered by any of the nine House prosecutors seeking a conviction.

But minutes before he spoke, when it came time for the most powerful Republican in Washington to hold Mr. Trump to account on the charge of causing the riot, Mr. McConnell said his hands were tied. It could not be done, he argued. He voted to acquit.

“We have no power to convict and disqualify a former officeholder who is now a private citizen,” Mr. McConnell, who said he reached that conclusion after “intense reflection,” said as he delivered a lawyerly explanation on the limits of Senate power.

Offering his most damning condemnation of Mr. Trump to date, Mr. McConnell accused the former president of spreading lies about a stolen election that he knew would stoke dangerous acts by his followers — though the senator said little about his own refusal for weeks to recognize President Biden’s victory, which helped create the conditions for Mr. Trump’s claims to continue to spread, unchallenged by top Republicans.

(click here to continue reading McConnell, Denouncing Trump After Voting to Acquit, Says His Hands Were Tied – The New York Times.)

What a coward.

Trump Is A Loser

These opening sentences in a NYT article by Maggie Haberman and Michael Schmidt made me laugh:

With four weeks left in President Trump’s term, he is at perhaps his most unleashed — and, as events of the last few days have demonstrated, at the most unpredictable point in his presidency. He remains the most powerful person in the world, yet he is focused on the one area in which he is powerless to get what he wants: a way to avoid leaving office as a loser.

Get Out Trump

A Loser. That is how Trump will be remembered.

He has been a loser for most of his life, but managed to fool some people, some of the time.

I cannot wait for 2021, probably won’t be until spring, but sometime in 2021, Trump won’t be in the news every goddamn day. Glorious silence.

He hasn’t been doing the job of president for most of his term, his lack of work ethic has gotten more noticeable recently:

He is almost entirely disengaged from leading the nation even as Americans are being felled by the coronavirus at record rates. Faced with an aggressive cyberassault almost surely carried out by Russia, his response, to the degree that he has had one, has been to downplay the damage and to contradict his own top officials by suggesting that the culprit might actually have been China. He played almost no role in negotiating the stimulus bill that just passed Congress before working to disrupt it at the last minute. It is not clear that Mr. Trump’s latest behavior is anything other than a temper tantrum, attention-seeking or a form of therapy for the man who controls a nuclear arsenal

A Loser by circumstance, and a Loser by deeds. In other words, Trump is for ever and ever a Loser!

Trump Is Unsuited To Be President – Part the 543,678,654th

One Scared Little Man

These are not leadership qualities for an executive of a business, much less the president of a nation.

The lost days of summer: How Trump struggled to contain the virus – The Washington Post:

In Trump’s White House, there is little process that guides decision-making on the pandemic. The president has been focused first and foremost on his reelection chances and reacting to the daily or hourly news cycle as opposed to making long-term strategy, with Meadows and other senior aides indulging his impulses rather than striving to impose discipline.

What’s more, with polls showing Trump’s popularity on the decline and widespread disapproval of his management of the viral outbreak, staffers have concocted a positive feedback loop for the boss. They present him with fawning media commentary and craft charts with statistics that back up the president’s claim that the administration has done a great — even historically excellent — job fighting the virus.

A senior administration official involved in the pandemic response said, “Everyone is busy trying to create a Potemkin village for him every day. You’re not supposed to see this behavior in liberal democracies that are founded on principles of rule of law. Everyone bends over backwards to create this Potemkin village for him and for his inner circle.”

Government health officials are wary of saying anything publicly — even if they are merely speaking truth — that might be construed as contradicting the president or countering his rosy assessments.

One of the clearest examples of how fear and loyalty have infected the response came in Trump’s decision last month to begin formally withdrawing the United States from the World Health Organization. Many government officials hoped the president would not take that drastic step, but none had the courage to try forcefully to persuade him against a withdrawal by explaining that doing so would risk damaging not only the global response to the virus but also the U.S. response.
“Everybody is too scared of their own shadow to speak the truth,” said a senior official involved in the response.

What also has frustrated a number of the president’s allies and former aides is that he simply seems uninterested in asserting full leadership over the crisis, instead deferring to state leaders to make the more difficult decisions while using his presidential bully pulpit to critique their performances. He deputizes Pence to handle much of the actual communication with states and other stakeholders in the fight against the virus.
“If we want to return to school safely, we need not only adaptive safety practices at the schools but also lower amounts of virus in each community,” said Tom Bossert, a former White House homeland security adviser under Trump. “A suppression-level effort to shrink and not just mitigate the spread of covid requires a national strategy that includes standards and significant federal funding. Such a strategy is lacking right now.”

Trump used to flirt with anti-vaxxers. Now he is demanding a coronavirus vaccine

Needle Park

The Guardian:

Informing Fauci and other government scientists that they must clear all public comments with Mike Pence, the vice-president, is unacceptable. This is not a time for someone who denies evolution, the climate crisis and the dangers of smoking to shape the public message. Thank goodness Fauci, Francis Collins, the director of the US National Institutes of Health (NIH), and their colleagues across federal agencies are willing to soldier on and are gradually getting the message out.

While scientists are trying to share facts about the epidemic, the administration either blocks those facts or restates them with contradictions. Transmission rates and death rates are not measurements that can be changed with will and an extroverted presentation. The administration has repeatedly said – as it did last week – that virus spread in the United States is contained, when it is clear from genomic evidence that community spread is occurring in Washington state and beyond. That kind of distortion and denial is dangerous and almost certainly contributed to the federal government’s sluggish response. After three years of debating whether the words of this administration matter, the words are now clearly a matter of life and death.

And although the steps required to produce a vaccine could possibly be made more efficient, many of them depend on biological and chemical processes that are essential. So the president might just as well have said, “Do me a favor, hurry up that warp drive.”

I don’t expect politicians to know Maxwell’s equations for electromagnetism or the Diels-Alder chemical reaction (although I can dream). But you can’t insult science when you don’t like it and then suddenly insist on something that science can’t give on demand. For the past four years, Trump’s budgets have made deep cuts to science, including cuts to funding for the Centers for Disease Control and Prevention and the NIH. With this administration’s disregard for science of the Environmental Protection Agency and the National Oceanic and Atmospheric Administration, and the stalled naming of a director for the Office of Science and Technology Policy – all to support political goals – the nation has had nearly four years of harming and ignoring science.

(click here to continue reading Trump used to flirt with anti-vaxxers. Now he is demanding a coronavirus vaccine | H Holden Thorp | US news | The Guardian.)

The GOP’s decade long war against science, and experts in general, is finally bearing bitter fruit for all of us. Drink deeply.

I am also genuinely curious if the anti-vaxxer idiot crowd will accept this vaccine without complaint. Will they insist upon being first in line? Or will they block widespread distribution of it? We won’t know for a bit, and by then, the death toll will most likely be higher. A real test of their principles, or lack of them. Herd immunity and all that…

Sick people across the country say they have been denied coronavirus test, despite doctor’s advice

Forgive Yourself Trump Tower

The Washington Post reports:

Many Americans who are sick and seeking a coronavirus test continue to be turned away, creating a vexing problem for patients and health officials as the virus spreads. The problem persists, doctors and patients across the country say, despite increased production and distribution of the tests in recent days.

At a time when U.S. fatalities from the virus have risen, there remain limited numbers of tests and the capacity of laboratories is under strain.
The constraints are squeezing out patients who don’t meet rigid government eligibility criteria, even if their doctors want them tested, according to dozens of interviews with doctors and patients this week.

The gap between real-life obstacles to testing and President Trump’s sweeping assurances that “anybody that needs a test gets a test” has sown frustration, uncertainty and anxiety among patients who have symptoms consistent with covid-19, the disease caused by the virus, but have been unable to find out whether they are infected.

(click here to continue reading Sick people across the country say they have been denied coronavirus test, despite doctor’s advice – The Washington Post.)

Having competent leadership really does matter. Trump’s people knew about the virus in early January, did nothing to ramp up the nation’s pandemic infrastructure, twiddled their thumbs, and now we are all paying the price, or about to.

If Trump had any love of America1 he’d resign in shame.

The vaccine won’t be available for a while in any case…

That Was What It Was For

 Los Angeles Times:

Nothing can stop a global outbreak in its tracks better than a vaccine. Unfortunately, creating a vaccine capable of preventing the coronavirus that causes COVID-19 will probably take at least a year to 18 months, health officials say.

“That is the time frame,” Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told the House Oversight and Reform Committee this week. Anyone who says they can do it faster “will be cutting corners that would be detrimental.”

While there are about 10 vaccine candidates in the works — and at least one of them could begin clinical trials in April — it would still take about three more months to conduct the first stage of human testing and another eight months or so to complete the next stage of the trial process, he added.

New vaccines require copious research and time-consuming testing that can cost hundreds of millions of dollars. There’s no guarantee of success, but even if everything goes well, the final product might not hit the market until after an outbreak has subsided.

Here’s a look at how vaccines are made and why the process takes so long.

 

(click here to continue reading Coronavirus vaccine: why will it take so long to create? – Los Angeles Times.)

Maybe We All Went Mad

Keep washing your hands, we are in for a long, bumpy ride…

Paul Krugman:

 Now, however, we face a much bigger crisis with the coronavirus. And Trump’s response has been worse than even his harshest critics could have imagined. He has treated a dire threat as a public relations problem, combining denial with frantic blame-shifting.

 His administration has failed to deliver the most basic prerequisite of pandemic response, widespread testing to track the disease’s spread. He has failed to implement recommendations of public health experts, instead imposing pointless travel bans on foreigners when all indications are that the disease is already well established in the United States.

 And his response to the economic fallout has veered between complacency and hysteria, with a strong admixture of cronyism.
It’s something of a mystery why the Centers for Disease Control and Prevention, normally a highly competent agency, have utterly failed to provide resources for widespread coronavirus testing during the pandemic’s crucial early stages. But it’s hard to avoid the suspicion that the incompetence is related to politics, perhaps to Trump’s desire to play down the threat.

According to Reuters, the Trump administration has ordered health agencies to treat all coronavirus deliberations as classified. This makes no sense and is indeed destructive in terms of public policy, but it makes perfect sense if the administration doesn’t want the public to know how its actions are endangering American lives.

 

(click here to continue reading Opinion | It’s a MAGA Microbe Meltdown – The New York Times.)

Footnotes:

  1. haha I know []

With coronavirus, the Fox News-Trump feedback loop will get people killed

Dystopian Future Reading

Speaking of the danger of having a baby as president, Media Matters for America reports:

The U.S. was not prepared to respond to the coronavirus — in no small part because Trump had hamstrung the nation’s pandemic response capabilities. The Washington Post detailed Saturday the “many preventable missteps and blunders in the federal government’s handling of the coronavirus crisis — the embodiment of an administration that, for weeks, repeatedly squandered opportunities to manage and prepare for a global epidemic.” The problems started from the top: Trump “has undermined his administration’s own efforts to fight the coronavirus outbreak — resisting attempts to plan for worst-case scenarios, overturning a public-health plan upon request from political allies and repeating only the warnings that he chose to hear,” Politico reported the same day.

Trump’s lax response to the spread of the coronavirus mimics the reaction of his favorite network — and that’s no coincidence. The president is shunning aides who provide him with negative information about the epidemic and basking in Fox’s glowing coverage. On Friday afternoon, amid a rambling and incoherent press event at the headquarters of the Centers for Disease Control and Prevention in Atlanta, Trump downplayed the threat posed by the disease, praised his administration’s response, lashed out at Democrats, and told reporters that he was getting information about the spread of the coronavirus from Fox.

“As of the time I left the plane with you, we had 240 cases — that’s at least what was on a very fine network known as Fox News,” he said. “I know you love it. But that’s what I happened to be watching.” This was not an anomaly. As coronavirus spread in February 2020, Trump sent more than twice as many live-tweets of Fox’s coverage as he did in February 2019. On Friday morning alone, he sent three tweets about coronavirus in response to Fox.

What was Trump learning from his regular Fox-watching? Roughly an hour before his comments, a Fox medical correspondent argued on-air that coronavirus was no more dangerous than the flu; a few hours later, the same correspondent argued that coronavirus fears were being deliberately overblown in hopes of damaging Trump politically. The network’s personalities have frequently claimed that the Trump administration has been doing a great job responding to coronavirus, that the fears of the disease are overblown, and that the real problem is Democrats and the media politicizing the epidemic to prevent Trump’s reelection. The president absorbs those narratives and parrots them to the public in tweets and statements; the network responds by continuing to push those talking points.

No one wants a public panic. But by downplaying the risks of coronavirus in order to rally to Trump’s defense, Fox is endangering its audience, which skews older and is most susceptible to the disease. It seems to be having an effect — both anecdotally and based on polling: Republicans are less likely to view the disease as a serious threat.

But the greater danger is that one of Fox’s older Republican viewers is the president of the United States. And when the network tells him that coronavirus is nothing to worry about, he listens.

As a result, a significant number of Americans are likely to die — prematurely and unnecessarily — because Trump is taking advice from Fox News. We are courting disaster, thanks to the Trump-Fox feedback loop.

(click here to continue reading With coronavirus, the Fox News-Trump feedback loop will get people killed | Media Matters for America.)

If only the virus cared whether or not individuals “believed” in it, this would be funny. But if a large percentage of MAGA cultists catch and spread COVID-19, the rest of us suffer as well.

How Trump’s insecurity is making the coronavirus crisis worse

Pip checks out the N95 particulate respirator

The Washington Post reports:

Put President Trump in a room full of scientists, and he’s going to start to feel very insecure. Put him in a crisis he can’t boast his way out of, and things are going to go very badly.
That’s what we now face with the coronavirus. The crisis is not happening only in a foreign country, or in just one spot in America. It threatens to touch all of us. By all accounts, the president’s handling of it so far has been somewhere between awful and disastrous. Worst of all, from his perspective, it threatens the reality distortion field he works so hard to maintain. 

Trump is plainly more concerned with how the virus affects his public image than how it affects Americans’ health. He blurted out that he wanted to keep a cruise ship off the coast of California “because I like the numbers being where they are. I don’t need to have the numbers double because of one ship.”

But when Trump feels the need to remind you that he is related to a smart person, it’s pretty obvious that he’s afraid people might not think he’s smart enough.

(click here to continue reading How Trump’s insecurity is making the coronavirus crisis worse – The Washington Post.)

Scary. Scary times, scary man to be in charge, scary time to be alive.

The Amazing Fall Of Donald Trump’s Wall

Walls Are Mirrors Multiplied

 The National Memo:

[The Dotard] trumpets that he is the most bodacious barrier builder of all, yet he can’t seem to get his one “big, beautiful wall” funded or even taken seriously, much less built. Throughout his presidency, Donald Trump has continuously stamped his tiny feet and demanded that Congress shell out more than 10 billion of our taxpayers’ dollars to erect a monster of a wall across some 2,000 miles of the U.S. border with Mexico. Like a flimflamming snake-oil peddler, he rants that his magnificent edifice would magically keep “aliens,” “rapists,” “murderers,” “terrorists,” “drugs” and “cartels” from entering the U.S. from the south. But even when his own party controlled both houses of Congress, the presidency and the courts, his grand scheme went unloved, unfunded and unbuilt.

Still, he kept insisting … and persisting. In January, he directed his Customs and Border Control officials to put up a short section of his 30-foot-tall wall on the border at Calexico, California, to show the world how effective the Trump bulwark would be. Alas, though, the thing blew over! Not from a hurricane-force storm but from moderate winds topping out at only 37 miles an hour. The metal panels flung over into Mexico. Embarrassing.

A month later, a climbing group in Kentucky built a replica of that wall and held an up-and-over competition. Winning time was 13.1 seconds! Sixty-five competitors easily topped it, including an 8-year-old girl and a guy who climbed it one-handed while juggling various items with his other hand.

(click here to continue reading The Amazing Fall Of Donald Trump’s Wall – The National Memo.)

Would be amusing if it wasn’t so sad. What else could Wall money be spent on? Nearly anything would be more useful…

Plus this:

El Paso Times reports:

 

Smugglers in Juárez have engineered camouflage hook-and-ladders made of rebar that blend in so well with the border wall that it can be hard to detect, according to U.S. Border Patrol. The ladders are the same rust brown color as the mesh panels or steel beams of the fence.

 

El Paso’s urban stretch of border is littered with the rusted rebar ladders at the base on both sides — ladders lying in wait on the Mexican side, ladders pulled down by border agents or abandoned by smugglers on the U.S. side. One of the rebar ladders was poking out of a dumpster in a lot near the Chihuahuita neighborhood on Thursday.

The ladders appear to be made with two poles of 3/8-inch rebar and four thinner poles, outfitted with steps and bent over at the end in a U, to hook on the top of the wall. It’s the sort of cubed rebar support structure used in construction in Mexico, called castillo. 

Six meters of castillo costs 99 pesos, or about $5.30, at the Hágalo — or Do It Yourself — True Value hardware store in Juárez. There is no indication that smugglers are shopping at that store in particular.

Romero said the rebar ladders started turning up in large numbers in the El Paso sector last year in May, around the time that construction of the most recent replacement wallfinished downtown. They’ve been a go-to method for scaling the fence in the urban footprint since.

 

 

(click here to continue reading Smugglers in Mexico use camouflage ladder to cross border wall.)

When Trump Pardons Roger Stone…

From The Nation:

A pardon for Roger Stone would be the capstone of the White House’s extraordinary interference in this legal case. Attorney General William Barr already created a firestorm by overriding the sentencing guidelines of the original prosecutors in the case, who resigned in protest.

Trump’s use of his pardon power can be distinguished from the other scandals of his presidency in that it is a perfectly legal, indeed constitutional, form of corruption. The fact a president can pardon his own criminal associates doesn’t make the action any better than actually impeachable offenses like obstructing justice or using foreign aid to advance his political fortune.

Rather, the very constitutionality of Trump’s actions makes them worse, because they show how the legal powers of the presidency are themselves ripe for abuse. Trump, by being bolder than his predecessors, has shown how easily a president can undermine the rule of law without even breaking any laws.

Rule of Law, ha.

If Trump Pardons Roger Stone, Blame the Constitution
It gives the president sweeping pardon powers that he’s more than happy to use for partisan and personal ends.

Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction by David Enrich

Same Sentiment

The Washington Post Book review:

A revelatory book about the rise and fall of the world’s biggest bank might hold some interest to financiers, business school professors and readers of the Economist. But what about one that also has all the elements of a page-turning mystery novel: suspicious suicides, Russian money laundering, securities and tax fraud, price fixing, $100 million bonuses, whistleblowers who are ignored and fired, and a heroin junkie peddling stolen documents to journalists and FBI agents? Add to that a big client with a sketchy financial history who suddenly becomes president of the United States, and you’ve got the makings of a blockbuster.

A new Russian subsidiary laundered tens of billions of rubles into dollars for Russian oligarchs and cronies of President Vladimir Putin. Its London traders helped organize a conspiracy to fix interest rates. Its New York investment bankers were at the front of the pack peddling collateralized debt obligations (CDOs) and mortgage-backed securities they knew would go bad. Its bankers conspired with corporate clients to evade economic sanctions against Iran and Syria, and helped giant hedge funds avoid taxes in the United States. Its enormous stash of risky derivatives was carried on its books at prices well above their market value. And its top executives repeatedly lied about all these things to investors, regulators and even their own directors.

The consequences of all this risk-taking, mismanagement and fraud are now clear. Between 2015 and 2017, the bank was forced to record losses of more than $10 billion, and it only barely returned to profitability in 2018. Since 2007, its stock price has fallen 95 percent. And as Enrich reports, the bank’s financial position was so precarious that even longtime corporate customers abandoned it. The International Monetary Fund recently singled out Deutsche Bank as the institution posing the biggest risk to the global banking system.

Trump Stamp

And when Trump was on the verge of defaulting on loans used to buy his failing hotels and casinos in Atlantic City, Deutsche Bank came to the rescue by peddling $484 million in junk bonds to investors — bonds on which Trump defaulted within a year.

Normally, such a default would have been enough to scare away even the most risk-tolerant lenders. But within months, Deutsche Bank’s real estate division was again providing Trump with a $640 million loan needed to build a new Chicago hotel, while its team in Moscow was steering Russian investors to Trump projects in Hawaii and Mexico. The relationship hit a low point in 2009 when Trump announced he had no intention of repaying his loan on the Chicago hotel, claiming that the unfolding financial crisis was an act of God that freed him of his obligation.

When Deutsche Bank sued to get its money back, Trump countersued, preposterously accusing the bank of predatory lending practices. The matter was finally settled with a two-year extension on the loan — and a vow by the bank’s real estate lenders never to do business with Trump again. But two years later, Trump somehow sweet-talked his way into Deutsche’s private banking division, which over the next several years provided him with $350 million in personal loans to cover projects in Chicago, Miami and Washington.

(click here to continue reading Book review of Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction by David Enrich – The Washington Post.)

Sounds interesting. It always seemed odd to me that a bank would continue to lend vast sums of money to such an obvious deadbeat like Trump. Was it all money laundering? Something else? I guess I’ll have to read the book and find out.

Make America Great Again - Deport Trump

Jacket blurb

“Enrich tells the story of how one of the world’s mightiest banks careened off the rails, threatening everything from our financial system to our democracy. Darkly fascinating. A tale that will keep you up at night.” — John Carreyrou, #1 bestselling author of Bad Blood

From New York Times finance editor David Enrich, a searing exposé of the most scandalous bank in the world, revealing its shadowy ties to Donald Trump, Putin’s Russia, and Nazi Germany

On a rainy Sunday in 2014, a senior executive at Deutsche Bank was found hanging in his London apartment. Bill Broeksmit had helped build the 150-year-old financial institution into a global colossus, and his sudden death was a mystery, made more so by the bank’s efforts to deter investigation. Broeksmit, it turned out, was a man who knew too much.

In Dark Towers, award-winning journalist David Enrich reveals the truth about Deutsche Bank and its epic path of devastation. Tracing the bank’s history back to its propping up of a default-prone American developer in the 1880s, helping the Nazis build Auschwitz, and wooing Eastern Bloc authoritarians, he shows how in the 1990s, via a succession of hard-charging executives, Deutsche made a fateful decision to pursue Wall Street riches, often at the expense of ethics and the law.

Soon, the bank was manipulating markets, violating international sanctions to aid terrorist regimes, scamming investors, defrauding regulators, and laundering money for Russian oligarchs. Ever desperate for an American foothold, Deutsche also started doing business with a self-promoting real estate magnate nearly every other bank in the world deemed too dangerous to touch: Donald Trump. Over the next twenty years, Deutsche executives loaned billions to Trump, the Kushner family, and an array of scandal-tarred clients, including convicted sex offender Jeffrey Epstein.

Dark Towers is the never-before-told saga of how Deutsche Bank became the global face of financial recklessness and criminality—the corporate equivalent of a weapon of mass destruction. It is also the story of a man who was consumed by fear of what he’d seen at the bank—and his son’s obsessive search for the secrets he kept.

(click here to continue reading Amazon.com: Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction (9780062878816): David Enrich: Books.)

Contemporaneous Memos

Trump to Send Special Troops To Democratically Controlled Cities

Document Me 

The New York Times reports:

The Trump administration is deploying highly trained officers to boost arrests of unauthorized immigrants in cities, including Los Angeles, Chicago and New York, the latest move in a battle against localities that adopt “sanctuary” policies to protect them from deportation.

Members of the U.S. Customs and Border Protection’s (CBP) Border Patrol Tactical Unit will be among the officers deployed to cities to assist Immigration and Customs Enforcement, or ICE. They will also be sent to San Francisco, Atlanta, Houston, Boston, New Orleans, Detroit and Newark, New Jersey, CBP spokesman Lawrence Payne said in a statement.

(click here to continue reading U.S. Border Patrol to Send ‘Tactical Unit’ Officers to ‘Sanctuary Cities’ – The New York Times.)

This is troublesome. Highly trained how, exactly? Are they “war gaming” for what happens when Trump loses in November?

Mr. President, here’s how the budget works

Fire Neurons Not Bombs

The Washington Post reports:

The way the federal budget works is often a mystery to Americans. But it shouldn’t be to the president of the United States.
Here, the president makes a basic mistake. He asserts that even though he signed into law a bill cutting taxes in 2017, revenue has kept going up — a fact he attributes to a robust economy. Some listeners might even have gotten the impression that the tax cuts were paying for themselves — a false claim the administration made repeatedly before the passage of the tax bill.

But revenue was always supposed to be going up year after year, despite the tax cuts. And revenue is way down from what had been anticipated before Congress approved the tax cuts, which (along with higher spending) is the reason the federal budget deficit is soaring despite a good economy.

Raw numbers don’t tell the whole story, of course. When comparing budget numbers over time, it’s generally more useful to look at revenue as a percentage of the gross domestic product (GDP), the broadest measure of the U.S. economy. As a percent of GDP, revenue was expected to drop from 17.2 percent in 2017 to 16.3 percent in 2019 and 16.4 percent in 2020, the CBO said.

That’s a key reason the federal deficit is soaring — from $665 billion in 2017 to more than $1 trillion in 2020. That’s not supposed to happen when the unemployment rate is below 4 percent. Recall that in Bill Clinton’s presidency — he raised taxes and Congress cut spending — that the budget actually went into surplus. But Trump has signed bills that cut taxes and also dramatically increased spending — the exact opposite approach.

(click here to continue reading Mr. President, here’s how the budget works – The Washington Post.)

One of my biggest wishes is for the citizens of the United States to collectively decide that the office of the President is important, and should only be staffed by competent, smart people, and not award it to someone who proves again and again he is not competent, nor smart.

Some Kinda Bubble Boy