A federal judge in New York City on Wednesday said Deutsche Bank and Capitol One can turn over financial documents related to President Donald Trump and his businesses in response to subpoenas from House Democrats.
Judge Edgardo Ramos’s ruling came after a hearing at which lawyers for Trump, his three older children, Donald Jr. Eric and Ivanka, and the Trump Organization argued that the subpoenas to the two banks should be quashed.
Ramos, an appointee of President Barack Obama, said that the Trump clan’s arguments “are not sufficiently serious as it relates to Supreme Court precedent” dealing with the question of turning over documents to Congress.
The judge also disagreed with the argument by the Trump legal team that the demand for the documents lacks a legitimate legislative purpose. Ramos said there is such a purpose. [Continue reading…]