Pelosi Calls Trump’s Bank Account in China a ‘National Security Issue’

House Speaker Nancy Pelosi (D-Calif.) is raising concerns over a new report about President Donald Trump’s undisclosed Chinese bank account.

 “Again, we mentioned the state involvement of banks in China. They can watch the flow of money there and perhaps have some, shall we say, sway over the person who’s taking money or putting money into that account. So it is a national security issue,” Pelosi said during her appearance on MSNBC.

She added, “Shame on the president that he has a bank account in China. But the fact is … what is the source of those funds, and what is the obligation of them? And that’s a national security matter.”

Watch the video below:

According to the report published by The New York Times Tuesday, Trump has bank accounts in China, Britain and Ireland.

The foreign accounts are not visible on his public financial disclosures.

Trump International Hotels Management L.L.C. controls the account in China. Tax records show the company paid $188,561 in taxes in China from  2013 to 2015.

Alan Garten, a lawyer for the Trump Organization, told the publication the company had “opened an account with a Chinese bank having offices in the United States in order to pay the local taxes” related to business efforts there.

“No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive,” Garten said. “Though the bank account remains open, it has never been used for any other purpose.”

 Pelosi told MSNBC’s Andrea Mitchell, “Well, this is news to all of us, but it isn’t shocking.”

She continued, “Because the president has always been projecting his own shortcomings, or his own exposure, his own vulnerability on others besides projecting on to the Bidens’ connection to China, where he has the connection to China. And my concern is not just about who he owes money to, but where he’s going to get the money to pay it back.”

Responses

  1. “We follow the rules just as he does.” CHRIS

    Pay attention, CHRIS. The problem is that King Donald The Loser does NOT follow the rules. He was SUPPOSED to declare these accounts and he did not. You and I are not required to declare them, he is.

  2. I do business in Egypt, Saudi, I have accounts in those countries it is normal to have accounts for transfers, and taxes many things. I am not Royalty I know many people who work there and they have accounts there for convince I suppose they are suckers too. We follow the rules just as he does.

  3. “The foreign accounts are not visible on his public financial disclosures.” Article

    Royalty don’t have to follow the rules. Rules are made for us suckers.

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