Despite repeated red flags over two decades, Deutsch Bank lent Donald Trump more than $2 billion, becoming the president’s biggest creditor — and bearer of his financial secrets.
At a time when most Wall Street firms had stopped doing business with Donald J. Trump, a single bank lent him more than $2 billion. We look at the two-decade relationship that could unlock the president’s financial secrets.
America’s child president had a play date with a KGB alumnus, who surely enjoyed providing day care. It was a useful, because illuminating, event: Now we shall see how many Republicans retain a capacity for embarrassment.
.. Jeane Kirkpatrick .. she explained her disaffection from her party: “They always blame America first.” In Helsinki, the president who bandies the phrase “America First” put himself first, as always, and America last, behind President Vladimir Putin’s regime.
Because the Democrats had just held their convention in San Francisco, Kirkpatrick branded the “blame America first” cohort as “San Francisco Democrats.” Thirty-four years on, how numerous are the “Helsinki Republicans”?
.. He speaks English as though it is a second language that he learned from someone who learned English last week. So, it is usually difficult to sift meanings from Trump’s word salads. But in Helsinki he was, for him, crystal clear about feeling no allegiance to the intelligence institutions that work at his direction and under leaders he chose.
.. consider Sen. Lindsey O. Graham (S.C.), who for years enjoyed derivative gravitas from his association with Sen. John McCain (Ariz.). Graham tweeted about Helsinki: “Missed opportunity by President Trump to firmly hold Russia accountable for 2016 meddling and deliver a strong warning regarding future elections.” A “missed opportunity”
.. Contrast Graham’s mush with this on Monday from McCain, still vinegary: “Today’s press conference in Helsinki was one of the most disgraceful performances by an American president in memory.” Or this from Arizona’s other senator,
Jeff Flake (R): “I never thought I would see the day when our American president would stand on the stage with the Russian President and place blame on the United States for Russian aggression.” Blame America only.
.. Defense Secretary Jim Mattis, White House Chief of Staff John F. Kelly, Director of National Intelligence Daniel Coats and others might believe that they must stay in their positions lest there be no adult supervision of the Oval playpen. This is a serious worry, but so is this: Can those people do their jobs for someone who has neither respect nor loyalty for them?
.. The most innocent inference is that for decades he has depended on an American weakness, susceptibility to the tacky charisma of wealth, which would evaporate when his tax returns revealed that he has always lied about his wealth, too.
.. A more ominous explanation might be that his redundantly demonstrated incompetence as a businessman tumbled him into unsavory financial dependencies on Russians.
A still more sinister explanation might be that the Russians have something else, something worse, to keep him compliant.
.. Trump has a weak man’s banal fascination with strong men whose disdain for him is evidently unimaginable to him. And, yes, he only perfunctorily pretends to have priorities beyond personal aggrandizement. But just as astronomers inferred, from anomalies in the orbits of the planet Uranus, the existence of Neptune before actually seeing it, Mueller might infer, and then find, still-hidden sources of the behavior of this sad, embarrassing wreck of a man.
It’s not Trump’s motives that are scary; Wolff reports that Ivanka Trump and Jared Kushner were “increasingly panicked” and “frenzied” about what Comey would find if he looked into the family finances, which is incriminating but unsurprising. The terrifying part is how, in Wolff’s telling, Trump sneaked around his aides, some of whom thought they’d contained him.
.. “In presidential annals, the firing of F.B.I. director James Comey may be the most consequential move ever made by a modern president acting entirely on his own.” Now imagine Trump taking the same approach toward ordering the bombing of North Korea.
.. We learn that the administration holds special animus for what it calls “D.O.J. women,”
.. most of all, the book confirms what is already widely understood — not just that Trump is entirely unfit for the presidency, but that everyone around him knows it.
.. One thread running through “Fire and Fury” is the way relatives, opportunists and officials try to manipulate and manage the president, and how they often fail.
.. the people around Trump, “all — 100 percent — came to believe he was incapable of functioning in his job.”
.. According to Wolff, Treasury Secretary Steven Mnuchin and Reince Priebus, the former chief of staff, called Trump an “idiot.” (So did the media mogul Rupert Murdoch, owner of Fox News, though he used an obscenity first.)
.. Trump’s chief economic adviser, Gary Cohn, compares his boss’s intelligence to excrement. The national security adviser, H. R. McMaster, thinks he’s a “dope.” It has already been reported that Secretary of State Rex Tillerson called Trump a “moron,” which he has pointedly refused to deny.
.. Wolff takes a few stabs at the motives of Trump insiders. Ivanka Trump apparently nurtured the ghastly dream of following her father into the presidency. Others, Wolff writes, told themselves that they could help protect America from the president they serve
.. Some of the military men trying to steady American foreign policy amid Trump’s whims and tantrums might be doing something quietly decent, sacrificing their reputations for the greater good.
.. But most members of Trump’s campaign and administration are simply traitors. They are willing, out of some complex mix of ambition, resentment, cynicism and rationalization, to endanger all of our lives — all of our children’s lives — by refusing to tell the country what they know about the senescent fool who boasts of the size of his “nuclear button” on Twitter.
.. Maybe, at the moment, people in the Trump orbit feel complacent because a year has passed without any epic disaster, unless you count an estimated 1,000 or so deaths in Puerto Rico
.. A guy falls from a 50-story building. As he flies by the 25th floor, someone asks how it’s going. “So far, so good!” he says.
Eventually, we’ll hit the ground, and assuming America survives, there should be a reckoning to dwarf the defenestration of Harvey Weinstein and his fellow ogres.
.. His enablers have no such excuse.
Histories of past presidential scandals reveal common threads and turning points — but also show how Trump stands alone.American presidents get the scandals they deserve.Richard Nixon’s paranoia produced Watergate. Ronald Reagan’s indifference contributed to Iran-contra. Bill Clinton’s appetites led to impeachment. And Donald Trump’s delusions — about his singular abilities and the impunity of his office — are propelling the crisis of legitimacy threatening his presidency.
.. What distinguishes the Trump scandal is how its central character appears to combine the worst qualities of his troubled predecessors. How, rather than evolving into scandal, this presidency was born into it. And above all, how perceptions of the president’s integrity and honor — which proved critical in the outcomes of past political and constitutional crises — are barely an issue for a man without moral high ground left to lose.
.. This is not President Trump in 2017, but rather descriptions of Clinton and Nixon, respectively, at the height of the Lewinsky and Watergate sagas. Indeed, one of the most recurring images of a White House in turmoil is the isolated and vengeful commander in chief
.. Trump may spend lonely nights and mornings with the remote and the phone, but historically speaking, he has plenty of company.
.. Haig even repeatedly urged a top telecommunications policy official to not bring anything substantive to Nixon’s attention. “The President isn’t in any shape to deal with this,” he explained.
.. Clinton’s famous ability to compartmentalize, to carry on amid the ever-expanding inquiry by independent counsel Kenneth Starr, was largely for show, Baker reports. “In private, Clinton was consumed with the Starr investigation and its collateral damage, sometimes so preoccupied that he appeared lost during meetings.” Clinton told Cabinet members that he had woken up “profoundly angry” every day for 41/2 years. Imagine what his morning tweetstorms would have been like.
.. In the same way Trump says digging into his personal finances would be a red line Mueller should not cross, Nixon regarded Cox’s attempts to secure his tapes as “the ultimate defiance” meriting dismissal.
.. The effort by Trump and his supporters in the right-wing media to depict Mueller’s probe into Russian electoral interference as a partisan “witch hunt” — another common phrase across these scandals — is a time-honored tactic for any White House under siege. Haig and Nixon press secretary Ron Ziegler agreed on the need to “place the impeachment issue in as partisan a light as possible,” and the Clinton team reached the same conclusion more than 20 years later. Baker describes the latter group’s strategy during the impeachment fight: “Attack the accusers, demonize the investigators, complain about partisanship while doing everything to foment it.”
.. Poindexter, who saw himself as “the head of an American version of a Roman praetorian guard around the president, loyal and responsible to him alone,”
.. Clinton aide Paul Begala “sank into a deep depression” during the Monica Lewinsky scandal, Baker writes, and vowed never again to appear on television defending the president.
.. Their true challenge is less about surviving Trump’s eruptions than simply living with the choice they’ve made, convincing themselves that service to the nation — passing a tax cut, forestalling a war, reducing immigration — is worth it.
.. Trump’s refusal to accept the U.S. intelligence finding that the Kremlin sought to tilt the 2016 election in his favor mirrors the stubbornness of his predecessors. Reagan went along with the sale of arms to Iran in an effort to free American hostages, though “always telling himself that it was not an arms-for-hostages deal,”
.. Nixon lawyer J. Fred Buzhardt concluded that the 37th president lied not just to others but to himself. It was an easy tell, Woodward and Bernstein explain: “Almost invariably when [Nixon] lied, he would repeat himself, sometimes as often as three times — as if he were trying to convince himself.”
.. Mike McCurry, Clinton’s press secretary, decided to leave the White House before the impeachment proceedings got underway, in part to avoid “becoming the Ron Ziegler of his era,” Baker explains.
.. Trump appears
- Nixonian in his disregard for democratic norms,
- Clintonian in his personal recklessness and
- beyond Reaganesque in his distance from the details of policy.
.. But where the parallels and parables of past scandals fall apart is with Trump’s well-documented disregard for truth.
.. When Nixon speechwriter Patrick Buchanan, among the most devoted of the president’s men, explained to Nixon family members why a damning Oval Office recording meant that resignation was inevitable, he emphasized not law but dishonesty. “The problem is not Watergate or the cover-up,” he argued. “It’s that he hasn’t been telling the truth to the American people. The tape makes it evident that he hasn’t leveled with the country for probably eighteen months. And the President can’t lead a country he has deliberately misled.”
.. “She could not get over Clinton’s recklessness — it was as if he could not stop doing wrong, could not tell the truth,”
.. Ziegler was adamantly opposed to releasing transcripts, Woodward and Bernstein write, because “there was rough language on the tapes,” candid discussions that would “offend Middle America, destroy his mandate.” Once certain transcripts were made public, Nixon lawyer Leonard Garment worried that president had “allowed America into the ugliness of his mind