Banks Ordered To Hand Over Trump Financial Records To Congress

The transcript discusses congressional subpoenas for President Trump's financial records, issued by House committees to Deutsche Bank and Capital One. The Trump Organization and his family sued to block these subpoenas, arguing they lacked a legitimate legislative purpose. However, both the District and appeals courts sided with the committees, emphasizing Congress's interest in the investigations. Despite the court's decision, the banks stated they do not possess Trump's tax returns. The appeals court provided a compliance timeline but allowed time for an appeal to the Supreme Court.

Which two banks were issued subpoenas by the House committees?

• Goldman Sachs and Morgan Stanley

• JPMorgan Chase and Citibank

• Deutsche Bank and Capital One

• Bank of America and Wells Fargo

What was the main argument used by President Trump and his family to challenge the subpoenas?

• The subpoenas were too broad in scope.

• The subpoenas were issued without proper authorization.

• The subpoenas violated privacy laws.

• The subpoenas lacked a legitimate legislative purpose.

What was the outcome of the appeals court regarding the subpoenas?

• The appeals court sided with President Trump.

• The appeals court ordered a retrial.

• The appeals court dismissed the case.

• The appeals court sided with the House committees.

What did Deutsche Bank and Capital One inform the court regarding Trump's tax returns?

• They have some of Trump's tax returns.

• They have all of Trump's tax returns.

• They have misplaced Trump's tax returns.

• They do not have any of Trump's tax returns.

What did the appeals court do to allow time for a potential appeal to the Supreme Court?

• They dismissed the case.

• They put a hold on their ruling for seven days.

• They expedited the compliance timeline.

• They issued a permanent injunction.