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Dark Towers review: Deutsche Bank, Donald Trump and a must-read mystery


Added 02-16-20 02:04:03am EST - “David Enrich delivers a master class in financial sleuthing but much about bank and billionaire remains unknownSteve Bannon, the brains behind Donald Trump's upset election victory, saw the danger posed by the cash cravings of the…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Dark Towers review: Deutsche Bank, Donald Trump and a must-read mystery”. Below is an excerpt from the article.

Steve Bannon, the brains behind Donald Trump’s upset election victory, saw the danger posed by the cash cravings of the First Family. In Fire and Fury, Michael Wolff chronicled Bannon drawing a direct line between purported dark doings at Deutsche Bank and Jared Kushner’s brushes with the Mueller investigation: “This is all about money laundering … It goes through Deutsche Bank and all the Kushner shit.”

But that’s only half the story. Late last year, a federal appeals court sustained subpoenas issued by congressional committees to the German bank for Trump’s financial records. Come June, the supreme court will probably rule on the enforceability of those demands together with other cases concerning Trump’s tax returns – just in time for political convention season. In other words, Deutsche remains relevant to the 2020 elections.

In Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction, David Enrich delivers a master class in financial sleuthing. The New York Times’ financial editor follows the money, plows through paper and talks to dozens of people in the bank’s ecosystem. There are names, places and computer files. This is a first-rate read.

Dark Towers traces the bank’s arc from founding through the second world war to the present, excavates and analyzes Trump’s relationship with his lender of last resort, and lays out the ties that bind Justin Kennedy, son of retired supreme court justice Anthony Kennedy, to the Trump family. In case anyone forgot, Brett Kavanaugh clerked for Kennedy père, who interceded with Trump on Kavanaugh’s behalf.

Like a discordant melody that haunts disturbing lyrics, Dark Towers is woven with the life and the 2014 suicide of Bill Broeksmit, a former Deutsche executive. Broeksmit witnessed the bank’s growth, decline and brushes with the law. His death imparts to Enrich’s book an air of mystery, crystalizing Deutsche’s descent and woes. The bank weighed on Broeksmit to the end.

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