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The Case Against the President: Emoluments, Trump's Finances, Taxes & Foundation (1 Viewer)

Otto: We've got a high-ranking KGB defector in a safe house near here. We're debriefing him as of now and just... checking houses in the neighborhood.

Wendy Leach: For what?

Otto: For KGB.

Wendy Leach: Is there any danger?

Otto: No, no, no, no. No, uh... No. No, not now. We, uh... We just wanna keep everyone informed. So, Archie, thanks for the drink. Sorry to have troubled you.

Wendy Leach: Keep everyone informed?

Otto: So there's no panic, ma'am.

Wendy Leach: But isn't it a secret?

Otto: You have no idea how secret.

Wendy Leach: Why are you telling everyone?

Otto: It's a smoke screen?

Wendy Leach: What?!

Otto: Double bluff. Look, you know nothing about intelligence work. It's an XK Red technique.

Wendy Leach: My father was in the secret service, Mr Manfredjin St John, and I know that you don't keep the public informed when you are debriefing KGB defectors in a safe house.

Otto: You don't, huh?

Wendy Leach: Not unless you're congenitally insane or irretrievably stupid, no.

Otto: Don't call me stupid.

Wendy Leach: Why on earth not?

Otto: Oh, you English are so superior, aren't you?  Would you like to know where you'd be without us, the US of A, to protect you? I'll tell you. The smallest freaking province in the Russian Empire, that's what! So don't call me stupid, lady., just thank me!
Great movie 

 
give enough rope for the Democrats to further hang themselves? 

Trump likes allowing people to look like fools - of course, worst that can happen is Trump blames his accounting group right ?  
Probably the most logical reason. At least I can't think of ANYTHING more logical than trolling Dems. Certainly not hiding anything.

 
"We need to make the other side look like zealots. I've got it! We'll invent a conspiracy theory about our opponent! That'll show the world how much the other side hates us!"

 
political move -  make the other side look like they're zealots who will do anything for their hate
Fwiw it is the move. It’s amazing to me how White House messaging filters down here. On cue I saw this same claim by Bluto and on Fox. And it’s also weirdly self-aware, as if to recognize this manipulation is going on and happily embracing it. Separate thread issue really, but that’s what’s happening.

 
Fwiw it is the move. It’s amazing to me how White House messaging filters down here. On cue I saw this same claim by Bluto and on Fox. And it’s also weirdly self-aware, as if to recognize this manipulation is going on and happily embracing it. Separate thread issue really, but that’s what’s happening.
"I'm not fooled by it but I admire the way he can fool so many people into buying it and that's why I'm voting for him. Again."

 
Kyle Griffin @kylegriffin1 · 12m

A team of investigators from Manhattan D.A. Cy Vance's office visited Michael Cohen in prison about a month ago and asked a broad set of questions about Trump's business that went beyond the payments made to silence Stormy Daniels, Bloomberg reports.

Stay tuned...

 
Well, isn't this convenient:

David Enrich@davidenrich

At some point in recent years, @DeutscheBank apparently *got rid of* @realDonaldTrump's tax returns.

It’s unclear when and why this happened, but I’m told that normal procedure at the bank was to retain such records.

 
Sinn Fein said:
Well, isn't this convenient:

David Enrich@davidenrich

At some point in recent years, @DeutscheBank apparently *got rid of* @realDonaldTrump's tax returns.

It’s unclear when and why this happened, but I’m told that normal procedure at the bank was to retain such records.
Then why the slogging it out in court for something they never had? IIRC they even told a judge they did have them.

 
Sinn Fein said:
Well, isn't this convenient:

David Enrich@davidenrich

At some point in recent years, @DeutscheBank apparently *got rid of* @realDonaldTrump's tax returns.

It’s unclear when and why this happened, but I’m told that normal procedure at the bank was to retain such records.
Deutschebank is so mobbed up. 

 
Then why the slogging it out in court for something they never had? IIRC they even told a judge they did have them.
I'm sure Putin told them they didn't or else everyone they love including children and pets would meet with horrible accidents. 

 
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Donald Trump's longtime business connections in Turkey back in the spotlight

The president's decision to remove troops from Northern Syria has put renewed focus on his relationship with Turkish President Erdogan.

WASHINGTON — President Donald Trump’s sudden decision to pull U.S. troops out of Northern Syria late Sunday night has drawn harsh rebukes from both Republicans and Democrats in Congress, raised alarm bells among America’s allies across the globe and sent the Pentagon and the State Department scrambling to contain the fallout.

While the president has defended the decision as part of his longtime promise to end U.S. military involvement in the region, even his staunchest supporters at home warned that it has essentially given Turkey a green light for a major military offensive against the Kurdish minority there, a key U.S. ally in the fight against the Islamic State militant group and a longtime target of Turkish President Recep Tayyip Erdogan.

The president has denied that the U.S. is abandoning the Kurds, tweeting on Tuesday that, "we may be in the process of leaving Syria, but in no way have we abandoned the Kurds, who are special people and wonderful fighters.”

A call Sunday between Trump and Erdogan, which NBC News reported was set up to ease Erdogan’s anger for not getting a one-on-one meeting with Trump at last month’s United Nations General Assembly gathering, was the latest chapter in a relationship that goes back to before the president’s election and marked yet another milestone Tuesday when Trump announced that he is inviting Erdogan to the White House in November.

Trump has appeared to side with Erdogan at times throughout his presidency. For example, when Republican senators sought to punish Turkey this summer for its purchase of a Russian missile defense system by pushing the president to impose congressionally mandated sanctions, Trump invited them to a White House meeting to ask for "flexibility" in dealing with the issue. Those sanctions have not been implemented.

And the fact that Trump made his decision to pull the U.S. troops out of Syria shortly after the phone call with Erdogan has raised alarm bells from policymakers, as well as government ethics watchdog groups who have long seen Trump’s extensive business interests as a potential area for conflicts of interest.

“It’s absolutely staggering” that Trump made a decision that “has put us on the brink of causing genocide in Syria,” said Wendy Sherman, an undersecretary at the State Department during the Obama administration. The decision underscores the “impulsiveness” and “the transactional, quid pro quo-ness of the president,” she said.

That “transactional” charge is based on the Trump family’s multitude of continuing business entities and interests, all separated from the president — at least on paper — by the trust that now controls them. But the president is the beneficiary of that trust and two of his children have roles in it.

"It always is a concern that those business ties, at the very least, color his judgment," Sherman said, "and at the very worst are the reasons for his judgment."

Trump and his family have long had business ties in and with Turkey, the most visible example being the Trump Towers Istanbul, which licenses the Trump name. The Trump Organization describes the buildings on its website as “a landmark in the historic city of Istanbul” and it is the organization’s first and only office and residential tower in Europe, with offices, apartments and upscale shops. The Washington Post has reported that the organization was paid up to $10 million to put the Trump name on the two buildings.

Erdogan attended the opening ceremony of the office and residential towers in 2012 and Ivanka Trump tweeted a message thanking him for attending, although a photo of Erdogan at the ribbon cutting has been removed from his Facebook page.

Thank you Prime Minister Erdogan for joining us yesterday to celebrate the launch of #TrumpTowers Istanbul!

— Ivanka Trump (@IvankaTrump) April 20, 2012
According to a review of Trump family social media posts, Ivanka Trump made business trips to Turkey in 2009, 2010 and 2012.

In 2015, Trump acknowledged having a potential “conflict” when it came to issues involving Turkey.

“I have a little conflict of interest because I have a major, major building in Istanbul,” Trump said in 2015. “It’s a tremendously successful job. It’s called Trump Towers — two towers, instead of one, not the usual one, it’s two,” Trump said in an interview with Stephen Bannon, then chairman of Breitbart News.

A lawsuit filed by 29 senators and 186 House Democrats — one of three lawsuits that have alleged that Trump is in violation of the Constitution’s emoluments clauses, which bar the president from receiving monetary or other benefits of value from foreign or U.S. state entities while in office — names Turkey as one of countries where Trump has personal business ventures that could pose a conflict of interest. Other countries listed include China and the Philippines.

Businesses linked to the Turkish government are also major patrons of the Trump Organization. Turkish officials have made 14 visits to Trump properties, more than any other country, according to an analysis performed for NBC News by Citizens for Responsibility and Ethics in Washington, or CREW.

Government watchdogs say those ties mixed with unpredictable policymaking are precisely why Trump’s business dealings have been so concerning, especially since the president has refused to divest from them or establish a blind trust.

Richard Painter, the chief ethics lawyer in the George W. Bush administration who has been a frequent Trump critic, says the lack of any buffer between the president and his business interests is both a violation of the Constitution’s Emoluments clause as well as long-held presidential precedent.

“Now you’ve got his business interests at the negotiating table in addition to everything else,” Painter told NBC News.

He said Turkey "had a democracy that is flipping and going in the wrong direction.”

“Can you imagine if the Roosevelt family had business interests in Germany in the 1930s” before World War II? he asked. “It creates points of vulnerability, and that’s where we are.”

“You can’t have a president with business interests in hot spots all over the world,” Painter added.

In the summer of 2016, Erdogan called for the removal of the Trump name from the buildings after Trump called for a ban on individuals from certain Muslim countries traveling to the United States.

Then, in November 2016, retired Lt. Gen. Michael Flynn, soon to be Trump's first national security adviser, wrote an op-ed favorable to Erdogan, who has consolidated his power and locked up thousands of people after a failed 2016 military coup, including many who had nothing to do with it.

Flynn, who was paid $530,000 for consulting work in Turkey prior to the 2016 election, violated U.S. law in not registering with the U.S. government for the work until almost a month after he was fired as Trump’s national security adviser in February 2017.

Trump, at the time, said the U.S. shouldn’t criticize Erdogan for a crackdown that’s included taking over dozens of television and radio stations and arresting reporters, according to Human Rights Watch. He even told reporters he gave “great credit to him for turning it around."

“It’s exactly why you don’t want the president to be in business,” said David Cay Johnston, who wrote a book, “It’s Even Worse Than You Think,” that examines Trump’s foreign conflicts of interest. “You don’t know whose water he’s carrying, except in Donald’s case, it’s always his own water.”

Alan Garten, a lawyer for the Trump Organization, did not respond to a request for comment.

Ivanka Trump’s main business contact in Turkey has been Mehmet Ali Yalcindag, who is the son-in-law of Dogan Holding founder Aydin Dogan, the developer behind the Trump Towers in Istanbul.

Yalcindag considers himself a close friend of Trump and his family. After the Dogans invested $400 million in Trump Towers, Trump said “we have a great, great friendship and relationship with them.”

"They've really become beyond partners," Trump said in 2012.

Yalcindag reportedly attended Trump’s 2016 election victory celebration in New York City on election night. He subsequently became president of the Turkish-American Business Council (TAIK), a group that in 2017 held a three-day conference inside the Trump International Hotel in Washington, attended by U.S. government notables including Commerce Secretary Wilbur Ross.

TAIK and Dogan Holdings did not respond to requests for comment and Yalcindag could not be reached for comment.

Last year, in an interview with several journalists, Yalcindag expressed confidence that Trump would ultimately sympathize with Turkey’s approach to foreign policy.

“U.S. President Donald Trump thinks regional problems should be resolved by regional actors. In this regard, the U.S. should see what is happening on Turkey’s borders from the point of view of its strategic ally, Turkey,” Yalcindag said.

According to Trump’s financial disclosure forms, the Trump business relating to the licensing of the Trump name to the Trump Towers Istanbul property in Turkey earned him $1 million to $5 million in royalties in 2015 and 2016. The royalties decreased, according to his disclosures, to $100,001 to $1 million for 2017 and 2018.

The conflicts extend to Trump’s hotel in D.C. Soon after the November 2016 election, “about 100 foreign diplomats, from Brazil to Turkey” were given “a sales pitch about [Defendant]’s newest hotel,” according to the Democrat-filed lawsuit.

There have been four events related to the Turkish government at his hotel, according to CREW. Two of the four were held by nongovernmental organizations: the American-Turkish Council and the Turkey-U.S. Business Council, both of which have ties to the government, and one of the events was sponsored by a Turkish airline that's co-owned by the state. This year, two advisers to Erdoğan and the ministers of trade, defense and treasury all attended one of the events.

CORRECTION (Oct. 10, 2019, 4:07 p.m.): An earlier version of this article misstated several details in a congressional lawsuit accusing Trump of violating the emoluments clauses of the Constitution. The lawsuit names Turkey as one country in which Trump has business interests that could pose a conflict of interest; it does not say that Turkey has among the highest number of such interests. In addition, it does not name the specific number of business interests Trump has in Turkey, China, and the Philippines; instead it says Trump has interests in those countries without stating the numbers.


 

 
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ProPublica: 

Never-Before-Seen Trump Tax Documents Show Major Inconsistencies

The president’s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”

Documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax.

...A dozen real estate professionals told ProPublica they saw no clear explanation for multiple inconsistencies in the documents. The discrepancies are “versions of fraud,” said Nancy Wallace, a professor of finance and real estate at the Haas School of Business at the University of California-Berkeley. “This kind of stuff is not OK.” ...

 
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Reactions: Ned
I believe we've been informed previously that every real estate developer twists and contorts his financial representations and that it is unfair to hold them to normal standards. 

:lmao:

 
Down the road we're going to discover a dedicated stock market manipulation plan that started on election day 2016 and made billions for members of the Trump family. 

It's what they do and you people who voted for him gave one of the nation's biggest grifters the keys to the vault.

 
Down the road we're going to discover a dedicated stock market manipulation plan that started on election day 2016 and made billions for members of the Trump family. 

It's what they do and you people who voted for him gave one of the nation's biggest grifters the keys to the vault.
There has been speculation about this for a long time in the trade war thread. 

 


Not surprising 


Huh probably just a series of coincidences.
you know, we've talked about this as a possibility from day one.  it seems rather obvious and an almost certain guarantee.  I'm confident Trump's seen the movie Wall Street, so in my view it was only a matter of time before something like this surfaced.

 
It’s really hard for someone who’s not terribly educated on all these weird investing vehicles, like myself, to read this and not come away angry that behind the scenes people/groups are creating things that seemingly only add value to those doing the investing AND that they’re screwing our overall economy again with another bubble burst like ‘08 as a result. 

 
Guess where the next G7 will be? 

This is all so freaking unbelievable.    :hot:
How is it legal for him to hold this conference at his own property? I thought using the power of public office for private profit has been a crime since the days of Tammany Hall and George Washington Plunkitt.

 
Is fighting tax and bank fraud one of the policies that trump supporters are now against?  I seem to remember it being part of the campaigned swamp items.  

 
"But but but we're really concerned with corruption and it's not right that people in government and their kids are making all sorts of money off of their positions!"

Add another one to the articles of impeachment. Doesn't get any clearer than this.

 
Trump Doral is a good location for such an event, since the compound is very near MIA, can hold all delegations, and is insulated from the outside. It has 3 golf courses too. It's the off-season, so prices are good. 

But it will benefit Trump.

 

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