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.