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Trump Administration Waives Punishment for Convicted Banks

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

DeathMonkey writes:

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: 5, Touché) by bob_super on Thursday January 11 2018, @02:45AM (4 children)

    by bob_super (1357) on Thursday January 11 2018, @02:45AM (#620777)

    If my retire fund is at stake, i'd want it managed by the best, even if they're crooked and aggressive, as long as the returns are there, until the playing field is leveled, then we can talk ethics. So yea I'm be pretty happy for it to remain with those vampires and this waiver is actually a good thing.

    "Who cares how fucked up this all is, as long as I get my cut."

    Starting Score:    1  point
    Moderation   +4  
       Touché=4, Total=4
    Extra 'Touché' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   5  

  • (Score: 3, Insightful) by shrewdsheep on Thursday January 11 2018, @08:57AM

    by shrewdsheep (5215) on Thursday January 11 2018, @08:57AM (#620851)

    Also, this attitude is stupid. The "crooked" and "aggressive" managers perform bad to worst and totally impassive index fonds beat them all.

  • (Score: 2) by tangomargarine on Thursday January 11 2018, @03:53PM (1 child)

    by tangomargarine (667) on Thursday January 11 2018, @03:53PM (#620950)

    The shorter, snappier version is "Fuck You Got Mine."

    --
    "Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"

    • (Score: 2) by bob_super on Thursday January 11 2018, @05:21PM

      by bob_super (1357) on Thursday January 11 2018, @05:21PM (#620987)

      Thought about it, but it sounded like this case was ongoing, so "got mine" didn't quite fit.

  • (Score: 2) by edIII on Friday January 12 2018, @02:09AM

    by edIII (791) on Friday January 12 2018, @02:09AM (#621230)

    I'm reminded of the movie Hancock and the prison scene. I'm so frothing pissed that the elites get away with this shit, that I wan't to literally take Orange Anus' head and stick it up Obama's ass, and then stick Obama's head up his ass.

    Not new, and entirely a bipartisan affair of fucking over the American people.

    --
    Technically, lunchtime is at any moment. It's just a wave function.