Obama-appointed judge rules that Deutsche Bank and Capital One may provide Trump’s financial records to House Democrats

Probes from Democrats into President Donald Trump will not be ending anytime soon. A New York federal judge ruled on Wednesday afternoon that the president’s financial records can be be provided to House Democrats looking for just about any reason to go after the president.

U.S. District Judge Edgardo Ramos heard arguments from both sides of the case in a New York court and determined that Deutsche Bank and Capital One can provide the president’s financial records to House Democrats. This ruling comes after the Trump administration tried to block Democrats from receiving the information.

(Photo by Zach Gibson – Pool/Getty Images)

House Democrats had previously subpoenaed the records, but the Trump administration sought a preliminary injunction to prevent them from receiving the personal information. Trump even sued the financial institutions to prevent them from sharing the documents.

The subpoenas for the information come from House Financial Services Committee Chairwoman Maxine Waters (D-CA) and House Intelligence Committee Chairman Adam Schiff (D-CA).

Trump’s lawyers argued that there would be “irreparable harm” caused if the financial information was shared with Democrats.

“There will be no way to unring the bell once the Banks give Congress the requested information,” the lawyers argued in one court filing.

Schiff celebrated the new ruling in a public statement calling it a “resounding victory in the district court that bodes well.” Schiff believes there is vital information in the financial documents due to a New York Times report that claimed Deutsche Bank staff found suspicious activity in the president’s financial records, as well as those of his son-in-law Jared Kushner.

Lawyers for House Democrats argued in their court filings that Trump and his various businesses “have continually engaged in stonewalling intended to obstruct and undermine these inquiries.”

This ruling is only more bad news for Trump since a D.C. federal judge also ruled this week that the accounting firm Mazars could hand over financial records related to the president that were requested by the House Oversight and Reform Committee. Trump’s lawyers have appealed that ruling and have made clear that they will appeal this new ruling in New York.

What makes the new ruling a bit suspicious is that the decision was made by a judge appointed under President Barack Obama.

Trump’s lawyers have also made the case that these financial records do not relate to any legitimate investigations, but are instead simply excuses for Democrats to find damaging information against the president to use in the 2020 election.

These rulings may be declared victories by Democrats but they will likely only lead to more stalemates. With the D.C. ruling being appealed and the New York ruling likely to have the same fate, there is a chance this battle over financial records could go all the way to the Supreme Court.

President Trump made clear on Wednesday that he has had enough with the investigations and pointless probes from Democrats. Trump reportedly walked out of a meeting with Democrats like Sen. Chuck Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) that was meant to be about infrastructure and then held a press conference where he said he would refuse to move forward on bipartisan policies if the pointless investigations from Democrats continue.

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