3 Stories You Should Read 08-06-2020: Pelosi, Deutsche Bank, National Rifle Association

August 6, 2020 Confluence

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In the category of: Beginning of the end???

New York attorney general files lawsuit to dissolve the National Rifle Association

New York Attorney General Letitia James announced she will attempt to dissolve the National Rifle Association, accusing its senior leadership of violating laws governing non-profit groups, using millions from the organization’s reserves for personal use and tax fraud.

In a news release Thursday morning, James, a Democrat, alleged that current and former NRA leadership “instituted a culture of self-dealing mismanagement” benefiting themselves, family, friends and favored vendors, leading the organization to lose more than $63 million in three years.

“The NRA’s influence has been so powerful that the organization went unchecked for decades while top executives funneled millions into their own pockets,”

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In the category of: The never-ending story

Deutsche Bank Complied With Trump Subpoena From Manhattan DA: Report

The president’s longtime bank reportedly provided detailed records to the Manhattan district attorney, who is probing Trump’s business practices.

New York prosecutors subpoenaed President Donald Trump’s longtime bank last year during a probe into his business practices, and the lender complied, The New York Times reported.

The Manhattan district attorney’s office sent the subpoena to Deutsche Bank, requesting financial documents Trump and his company used to secure billions of dollars in loans. Deutsche Bank has been Trump’s main lender since the 1990s and has loaned his company more than $2 billion.

The Times, citing unnamed people familiar with the subpoena, said bank officials responded by providing detailed records about its dealings with Trump and his company, including information he provided to secure the loans. The outlet said prosecutors sought any material that may point to fraud, although the probe is still in its early stages.

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In the category of: Pelosi on the prowl

Emboldened Pelosi takes hard line as relief talks drag on

The latest standoff underscores Pelosi’s evolution in leadership and her skill at wielding power in her second tour as speaker.

Pelosi is where she likes it best — slugging it out with Republicans on another record-breaking coronavirus relief package. Now, even more than during her first go-round as speaker, Pelosi wields more power than anyone in the Capitol, even Senate Majority Leader Mitch McConnell (R-Ky.). And with Pelosi in firm control of her caucus and Democrats poised to do well in November, there’s no doubt she’ll vie for the speaker’s gavel another, possibly final, time later this year.

“Just about anyone can lead during a sunny spring day, with the temperature at 75 degrees, but it takes a gifted person to lead during a hurricane, followed by a rock-sized hailstorm. That’s what has happened,” said Rep. Emanuel Cleaver (D-Mo.), a longtime ally of Pelosi.

But the California Democrat is also taking a huge risk during the coronavirus aid talks as she remains almost entirely unyielding in her demands.

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