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posted by martyb on Thursday January 11 2018, @02:02AM   Printer-friendly
from the no-comment dept.

The Trump administration has waived part of the punishment for five megabanks whose affiliates were convicted and fined for manipulating global interest rates. One of the Trump administration waivers was granted to Deutsche Bank — which is owed at least $130 million by President Donald Trump and his business empire, and has also been fined for its role in a Russian money laundering scheme.

The waivers were issued in a little-noticed announcement published in the Federal Register during the Christmas holiday week. They come less than two years after then-candidate Trump promised “I'm not going to let Wall Street get away with murder.”

http://www.ibtimes.com/g00/political-capital/trump-administration-waives-punishment-convicted-banks-including-deutsche-which


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  • (Score: 3, Informative) by Anonymous Coward on Thursday January 11 2018, @05:37PM

    by Anonymous Coward on Thursday January 11 2018, @05:37PM (#620994)

    No... Obama did not have any outstanding loans or financial interests in foreign banks. His assets were primarily invested in vanilla US treasury bonds during his presidency (and since afaik). It used to be a given that US presidents had no conflicting financial interests.

    This is why people started the constant whining even before Trump took office. Anyone familiar with the system could see these problems coming as soon as he refused to release his tax returns or put his assets in a blind trust. The time to listen to the experts has long passed. The only one who can hold Trump to anything at this point is a partisan Congress.

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