The top ranking committee Democrats are now demanding that Capital One hand over financial records of President Trump and the Trump Hotel chains.
They are literally fishing and looking for a crime without proof of one. This is not only Presidential harassment, but a crime in itself. It literally bypasses due process in our Republic.
In a March 21 response to the committee leaders, Capital One executive Brent M. Timberlake said the corporation is “preserving the documents and materials,” but could only turn over the information if the committees issue a subpoena.
“Given the confidentiality obligations we have as a financial institution, including under state and federal law, we respectfully request that any production of materials be made pursuant to a subpoena rather than an informal request,” Timberlake wrote.
In their letter to Capital One CEO Richard D. Fairbank, Cummings, Waters and Schiff said their request was related to their committees’ investigations centering on Trump’s “potential foreign conflicts of interest, compliance with the foreign and domestic Emoluments Clauses of the U.S. Constitution, and any counterintelligence threats arising from links or coordination between U.S. persons and other foreign entities, including any financial or other compromise or leverage over the president and his business interests.”
They specifically named the Trump International Hotel in Washington, D.C., as a “focal point” of their investigation.
Republicans were already crying foul over the request on Thursday. In a letter obtained by POLITICO, Reps. Jim Jordan of Ohio and Mark Meadows of North Carolina said the demand for documents from Capital One “is not a best practice and has the veneer of a fishing expedition.”
“This inquiry does not appear to have a valid legislative purpose and instead appears to request information solely for the improper purpose of exposure and embarrassment,” Jordan and Meadows wrote.
You can read more from our friends over at POLITICO.