Trump fumes after NYT reports on his banking history.
President Trump on Monday lashed out at the New York Times after the paper reported that anti-money-laundering specialists at Deutsche Bank ,
Deutsche Bank executives rejected their employees’ advice, the Times said, and the suspicious transactions were never reported. Trump, though, did not respond to that part of the report. The president, instead, fixated on the newspaper’s assertion that unlike Deutsch Bank, “most Wall Street banks had stopped doing business with him.”
“The Failing New York Times (it will pass away when I leave office in 6 years), and others of the Fake News Media, keep writing phony stories about how I didn’t use many banks because they didn’t want to do business with me,” Trump tweeted.
“WRONG! It is because I didn’t need money. Very old fashioned, but true. When you don’t need or want money, you don’t need or want banks. Banks have always been available to me, they want to make money.
The president accused the Times, without evidence, of using made-up sources in an effort to “disparage” him. He then repeated a familiar attack line (“FAKE NEWS is actually the biggest story of all and is the true ENEMY OF THE PEOPLE!”) before returning to his Twitter tirade about the report.
“Now the new big story is that Trump made a lot of money and buys everything for cash, he doesn’t need banks,” the president continued.
“But where did he get all of that cash? Could it be Russia? No, I built a great business and don’t need banks, but if I did they would be there.”
Trump’s reaction to scrutiny of his relationship with Deutsche Bank comes amid efforts by Congress to get ahold of his tax and bank records.