Rep. Maxine Waters (D-CA) told Bloomberg Television on Wednesday that she will investigate President Trump’s ties to Deutsche Bank if she is elected chair of the House Financial Services Committee.
President Trump’s relationship with Deutsche Bank has long been in Waters’ crosshairs – as the 80-year-old Congresswoman has made repeated calls on the German financial institution to provide documents concerning any ties that Trump might have to Russia. As the ranking minority leader on the House Financial Services Committee she has thus far only been able to sabre-rattle, however she will now be able to subpoena records connected to a President whose impeachment she has repeatedly promised constituents since his election in 2016.
Of all the investigations I’m most interested in Rep Maxine Waters’ statement that she’ll investigate Deutsche Bank for laundering russian money. Deutsche Bank also the source for a lot of Trump’s money pool despite high risk.
— Be the Child Defender (@twitsanon) November 7, 2018
Waters also told Bloomberg that she would also investigate changes made at the Consumer Financial Protection Bureau under the direction of acting director Mick Mulvaney, as well as Wells Fargo – which she has urged the Federal Reserve to come down hard on in the wake of several scandals.
The CFPB has not faced much Congressional oversight since Mick Mulvaney, President Trump’s budget director and acting director of the CFPB, took over. Trump has nominated Kathy Kraninger, who worked under Mulvaney in the Office of Management and Budget, to be the next permanent director of the Bureau. If she is confirmed, which is likely since Republicans currently have a majority in the Senate and extended their gains in Tuesday’s election, any moves she and the Bureau make will likely come under increased scrutiny of Waters’ committee. –Chicago Sun Times
Waters has other plans as well:
“For everything that we have tried to do to bring about some fairness and justice for these financial services companies and etcetera, we have absolutely been fought against by Republicans,” said Waters.
In a pre-midterm note, JPMorgan Chase predicted “There will be more oversight and subpoena with committees headed by Democrats.”