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Trump Administration Waives Punishment for Convicted Banks

posted by martyb on Thursday January 11 2018, @02:02AM   
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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Original Submission

• Re:Precedent? Re:Precedent? (Score: 5, Informative) by Whoever on Thursday January 11 2018, @03:44AM (1 child)

  by Whoever (4524) on Thursday January 11 2018, @03:44AM (#620791) Journal

  Most recent presidents have chosen to put their holdings into a blind trust, in order to avoid this exact problem.

  Parent

  Starting Score:	1		point
  Moderation		+4
  Insightful=1, Informative=2, Touché=1, Total=4
  Extra 'Informative' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		5

• Re:Precedent? (Score: 0) by Anonymous Coward on Thursday January 11 2018, @06:51PM

  by Anonymous Coward on Thursday January 11 2018, @06:51PM (#621030)

  Does tax law allow for assets to be put into a blind trust without causing a tax event?

  Parent