Democrats were allegdly trying to gain access to President Trump’s tax records, before he was elected, in an attempt to hurt him politically before the 2020 election.
President Trump filed a lawsuit to prevent Capital One and Deutsche Bank from releasing bank information on himself, his organization and his children and grandchildren. One of the crazy Democrats leading the charge is Rep. Maxine Waters.
Waters is House Financial Services chairwoman and claims the Trump family’s lawsuits against Capital One and Deutsche Bank will not help them due to the fact both financial institutions have agreed to assist congressional investigations.
This is the same Maxine Waters who secured 12 million in federal bailout funds for One United Bank to ensure it would remain solvent. She was most interested in doing so because her husband owns stock in the bank that would have been lost.
In 2008 to receive campaign contributions from the bank and using her connections at the White House, she ensured they would receive the funding. She was charged with ethics violations in 2010. So why is she still there?
In the midst of a national financial catastrophe, Rep. Maxine Waters (D-CA) used her position as a senior member of Congress and member of the House Financial Services Committee to prevail upon Treasury officials to meet with OneUnited Bank. She never disclosed that her husband held stock in the bank. This outrageous conduct has led Citizens for Responsibility and Ethics in Washington (CREW) to include the congresswoman as one of the Most Corrupt Members of Congress. Click here to read the full report on Rep. Waters.
“By contacting then-Treasury Secretary Henry Paulson to request a meeting, allegedly for a group of minority-owned banks, but then arranging for only one bank – OneUnited, in which she had a financial interest – to attend, Rep. Waters violated House conflict of interest rules,” said CREW Executive Director Melanie Sloan. [Citizens for Ethics]
The House ethics committee charged Waters with breaking three rules by allegedly trying to assist OneUnited, in which her husband did hold a sizable share of stock and yet she’s rewarded with her new position.
In the name of “honesty in government,” ALL politicians, especially the US Congress, should have to release their tax returns and bank records. Most of these people have lived off of taxpayers for years which they “claim” is public service, yet they manage to amass millions in wealth. How about shedding light on the “insider trading” they engage in which is supposed to be illegal. Let the taxpayers see exactly HOW they’ve managed to get wealthy doing “public service.”
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Congress is limited in there authority to seek anyone’s privet financial records. According to two previous SCOTUS decisions. There must be a legislative reason to see them. Congress can not delve into anyone’s records to look for a crime the Court explicitly stated that Congress is NOT a law enforcement agency.
President Trump may be able to properly disregard that request if he correctly believes that the request is supported only by personal animus and not a proper “legislative purpose.” See Watkins v. the United States, 354 U.S. 178, 200 (1957).
Watkins v. United States, 354 U.S. 178, is a decision of the Supreme Court of the United States that held that the power of the United States Congress is not unlimited in conducting investigations and that nothing in the United States Constitution gives it the authority to expose the private affairs of individuals. [Wikipedia]
Trump will win this in court. Congress has no legitimate legislative purpose for obtaining Trump’s financial records.
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