Deutsche Bank

Former US Supreme Court Justice Anthony Kennedy Resigned to Protect His Son who Loaned Donald Trump up to One Billion Dollars while at Deutsche Bank

President Trump has leveraged his financial connections with Kennedy’s son Justin to convince or coerce the jurist to retire ahead of the November 2018 U.S. mid-term elections (during which Democrats might pick up enough Senate seats to block confirmation of Trump’s preferred nominee).

The U.S. Supreme Court has failed to grant a single petition complaining about Deutsche Bank since the financial recession of 2008 e.g. pertaining to mortgage foreclosure fraud. Now we know why.

We also know that the $7.2 billion dollar settlement fine that Deutsche Bank agreed to pay was just a sham, they reneged on the deal months later – without any word from the Justice Department saying that is not an option, it’s the law.

Nope. Deutsche Bank said, “We ain’t paying, Trump owes us”.

Justice Anthony Kennedy suddenly resigned from the Supreme Court as part of a deal to shield his son who works at Deutsche Bank, Justin Kennedy, from ongoing Russian investigations.

The 81-year-old justice’s resignation announcement brought attention to his son’s  (Justin Kennedy) indisputable connections to Donald Trump via Deutsche Bank.

Any occasion on which a member of the U.S. Supreme Court leaves the bench through retirement (or death) is a significant political event, providing the incumbent president with the opportunity to nominate a successor who is ideologically congruent with the party in power and (in most cases) will remain on the bench for decades to come. The requirement that a Supreme Court nominee be confirmed by a vote of the U.S. Senate often touches off bitter fights between the two parties on the floor of that chamber.

When Justice Anthony M. Kennedy announced his imminent retirement at the end of June 2018, it set the stage for a particularly momentous shift in the makeup of the Supreme Court, as Kennedy had long been the bridge between the court’s liberal and conservative sides on a number of contentious social issues:

Justice Kennedy, 81, has been a critical swing vote on the sharply polarized court for nearly three decades as he embraced liberal views on gay rights, abortion and the death penalty but helped conservatives trim voting rights, block gun control measures and unleash campaign spending by corporations.

His replacement by a conservative justice — something Mr. Trump has vowed to his supporters — could imperil a variety of landmark Supreme Court precedents on social issues where Justice Kennedy frequently sided with his liberal colleagues, particularly on abortion.

Many critics still smarting over the Republicans’ successful (and unprecedented) efforts at blocking approval of Merrick Garland, who had been nominated by outgoing president Barack Obama in 2016 after the death of Justice Antonin Scalia — thus allowing incoming president Donald Trump the opportunity to fill the vacant court seat instead — immediately jumped on a conspiracy theory involving the timing of Kennedy’s resignation and his son’s employment:

President Trump has leveraged his financial connections with Kennedy’s son Justin to convince or coerce the jurist to retire ahead of the November 2018 U.S. mid-term elections (during which Democrats might pick up enough Senate seats to block confirmation of Trump’s preferred nominee).

Kennedy’s retirement was a sudden and unexpected event, a strategic move intended to allow Trump to nominate a friendly successor who would vote favorably on any issues involving Justin Kennedy that might come before the court as a result of the ongoing Mueller investigation into Russian election interference (whereas Kennedy would have to recuse himself from such issues if he remained on the bench):

As the New York Times noted, Donald Trump did have a business relationship with Deutsche Bank, where Justin Kennedy once worked (he left the company in 2009), that went back many years to a time when many other banks were leery of doing business with Trump:

[Anthony Kennedy and Donald Trump] had a connection, one Mr. Trump was quick to note in the moments after his first address to Congress in February 2017. As he made his way out of the chamber, Mr. Trump paused to chat with the justice.

“Say hello to your boy,” Mr. Trump said. “Special guy.”

Mr. Trump was apparently referring to Justice Kennedy’s son, Justin. The younger Mr. Kennedy spent more than a decade at Deutsche Bank, eventually rising to become the bank’s global head of real estate capital markets, and he worked closely with Mr. Trump when he was a real estate developer, according to two people with knowledge of his role.

During Mr. Kennedy’s tenure, Deutsche Bank became Mr. Trump’s most important lender, dispensing well over $1 billion in loans to him for the renovation and construction of skyscrapers in New York and Chicago at a time other mainstream banks were wary of doing business with him because of his troubled business history.

And, of course, many news outlets have reported on the potentially suspect coincidence that right about the time Trump was sworn in as U.S. president, Deutsche Bank was fined an aggregate $630 million for their involvement in a $10 billion Russian money-laundering scheme — and Deutsche Bank’s records were later reportedly subpoenaed by special prosecutor Robert Mueller’s investigation into Russian interference in the 2016 U.S. elections:

[Trump] took out two mortgages against a resort in Miami and a $170 million loan to finish his hotel in Washington, D.C. According to Bloomberg, by the time Trump was elected president of the United States in November 2016, he owed Deutsche around $300 million, an unprecedented debt for an incoming president. (His June financial disclosure showed he owes the bank $130 million, which is due in full in 2024.)

The loans to Trump weren’t the only abnormal behavior at Deutsche. Around the same time he received his new line of credit, the bank was laundering money, according to the New York State Department of Financial Services (DFS). Russian money. Billions of dollars that flowed from Moscow to London, then from London to New York — part of a scheme for which European and American regulators eventually punished the bank.

Was the timing of this illicit operation and the loans to Trump coincidental? Or evidence of something more sinister — a critical chapter in the president’s long history of suspicious business deals with Russian and post-Soviet oligarchs?

The Posts Below were written after the Deutsche Bank ‘Settlement’ with the Department of Justice. That Deal has Been Cancelled – by Deutsche Bank

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Laws In Texas is a blog about the Financial Crisis and how the banks and government are colluding against the citizens and homeowners of the State of Texas and relying on a system of #FakeDocs and post-crisis legal precedents, specially created by the Court of Appeals for the Fifth Circuit to foreclose on homeowners around this great State. We are not lawyers. We do not offer legal advice. We are citizens of the State of Texas who have spent a decade in the court system in Texas and have been party to during this period to the good, the bad and the very ugly.

Donate to LawsInTexas. Make a Difference.

Subscribe to Our Newsletter

We keep your data private and share your data only with third parties that make this service possible. See our Privacy Policy for more information.

© 2020-21 LawInTexas com is an online trading name which is wholly owned by Blogger Inc., a nonprofit 501(c)(3) registered in Delaware. | All Rights Reserved.

To Top