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Billion Dollar Loser: NYT Report on Trump’s Taxes & Massive Losses May Prompt Fraud Investigation

Democracy Now!

Published on May 8, 2019

We look at a major exposé from The New York Times, which obtained tax information on Donald Trump that shows his businesses lost $1.17 billion from 1985 to 1994. While Trump continues to refuse to release his tax returns, printouts from his official IRS tax transcripts for a 10 year period ending in 1994 show that in multiple years during that stretch, Trump appears to have lost more money than nearly any other individual taxpayer in the country and paid no federal income taxes for eight of the 10 years. “Almost every two cents of every dollar reported as losses one year, by everyone in the United States, were recorded by Donald Trump,” notes our guest, Pulitzer Prize-winning journalist David Cay Johnston, an investigative reporter previously with the Times, now founder and editor of DC Report.org.. He has been reporting on Donald Trump since the 1980s and his new piece for the Daily Beast is headlined “Trump’s Tax Leak Hints at Potential Fraud Investigations.”

Hear related report:

• Deutsche Bank Is The ‘Rosetta Stone’ To Unlock Trump Finances, Journalist Says : NPR

Deutsche Bank Is The ‘Rosetta Stone’ To Unlock Trump Finances, Journalist Says : NPR

May 9, 20191:18 PM ET, Heard on Fresh Air

The German bank was Trump’s partner on countless investments at a time when most of Wall Street shied away. As a result, NY Times editor David Enrich says, it has a trove of information about Trump.

TERRY GROSS, HOST:

This is FRESH AIR. I’m Terry Gross. Congressional Democrats determined to investigate President Trump’s personal finances are encountering a wall of resistance from the White House. But leaders of two House committees have identified another rich source of information about Trump’s businesses – Deutsche Bank, which was a lending partner on many Trump projects over a period of more than a decade, providing over $2 billion in financing. The relationship included some successes but also loan defaults and one contentious lawsuit.

In the process, Deutsche Bank amassed a wealth of information about Trump’s business dealings. And the House Intelligence Committee and the Financial Services Committee have subpoenaed those records from the bank. Trump has sued to prevent Deutsche Bank and another financial company, Capital One, from providing those records.

Our guest today is David Enrich, finance editor of The New York Times. He’s written and edited many stories about Trump and Deutsche Bank. And he’s working on a book that’s slated for publication next year called “Dark Towers: The Inside Story Of The World’s Most Destructive Bank.” He spoke with FRESH AIR’s Dave Davies.

…(read more).

Watch related report:

• Billion Dollar Loser: NYT Report on Trump’s Taxes & Massive Losses May Prompt Fraud Investigation

 

No Lessons Learned From Deepwater Horizon; Offshore Drilling Regulations Get Rolled Back

The Ring of Fire

Published on May 10, 2019

Via America’s Lawyer: The Department of Interior has rolled back protections that were put in place for offshore drilling operations after the Deepwater Horizon disaster. Mike Papantonio and Farron Cousins discuss.

What Greed has Done: Chris Hedges

Erin Go Bragh
Published on May 1, 2019

Bill Moyers interview with Chris Hedges on the destruction of America’s manufacturing base as well as the effect that unfettered and unregulated capitalism has had on the poor and vulnerable.