Connect with us

Political Dig

Watch: Dem Congresswoman Shreds Steve Mnuchin Over His Cover-Up Of Trump’s Shady Transactions


Watch: Dem Congresswoman Shreds Steve Mnuchin Over His Cover-Up Of Trump’s Shady Transactions

Rep. Katie Porter (D-CA) bashed Treasury Secretary Steve Mnuchin on Tuesday over Donald Trump’s suspicious transactions with Deutsche Bank.

During a House Financial Services Committee hearing, the California Congresswoman asked Mnuchin about the German bank’s recent $3 billion loss, and whether Treasury Department banking deregulation could put investors in its U.S. subsidiary at risk.

“How did Deutsche Bank manage to lose $3 billion and not see it coming?” she asked. “How the hell do you lose $3 billion and not see that coming?”

Mnuchin said “a lot of people” lost $3 billion, and he agreed that U.S. officials didn’t want to see that happen again.

“I am familiar with some of their really bad investments, and I find it really hard to believe they made them,” Mnuchin said.

Porter pointed out that Deutsche Bank had failed its own stress tests and engaged in questionable international activity in Iran, Libya, Russia and Syria — and involving the U.S. president.

“It came to light that Deutsche Bank had willfully decided to ignore suspicious activity reports with regard to the president and his son-in-law,” Porter said. “What is your plan to hold Deutsche Bank responsible for failing to do appropriate oversight and respond to the regulatory controls in place with regard to the SARs?”

Mnuchin tried to dodge the question by claiming that he couldn’t publicly speak on SAR’s.

“Are you planning to ask the German banking authority also to do additional oversight of Deutsche Bank, especially now that we regulate them much less than we used to?” Porter said.

Take a look at the interaction in the video clip below:

RELATED: Nancy Pelosi Formally Accuses Trump Of Directing a ‘Cover Up’

Click to comment

More in NEWS



To Top