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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Admin Waives Punishment For Convicted Banks, Including Deutsche which Trump Owes millions
http://www.ibtimes.com/political-capital/trump-administration-waives-punishment-convicted-banks-including-deutsche-whichThe 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.
Under laws designed to protect retirement savings, financial firms whose affiliates have been convicted of violating securities statutes are effectively barred from the lucrative business of managing those savings. However, that punishment can be avoided if the firms manage to secure a special exemption from the U.S. Department of Labor, allowing them to keep their status as qualified professional asset managers.
In late 2016, the Obama administration extended temporary one-year waivers to five banks Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank. Late last month, the Trump administration issued new, longer waivers for those same banks, granting Citigroup, JPMorgan, and Barclays five-year exemptions. UBS and Deutsche Bank received three-year exemptions.
In the year leading up to the new waiver for Deustche Bank, Trumps financial relationship with the firm has prompted allegations of a conflict of interest. The bank has not only sought the Labor Department waiver from the administration, it has also faced Justice Department scrutiny and five separate government-appointed independent monitors. Meanwhile, the New York Times recently reported that federal prosecutors subpoenaed Deutsche for bank records about entities associated with the family company of Jared Kushner, President Trumps son-in-law and senior adviser.
All of these interactions with the Trump administration and the federal government are transpiring as Deutsche serves as a key creditor for the presidents businesses.
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What the actual f........
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Trump Admin Waives Punishment For Convicted Banks, Including Deutsche which Trump Owes millions (Original Post)
sunonmars
Jan 2018
OP
And the Republicans will open an investigation into this matter... (zzz... snooze... snort...) nt
procon
Jan 2018
#1
procon
(15,805 posts)1. And the Republicans will open an investigation into this matter... (zzz... snooze... snort...) nt
Wwcd
(6,288 posts)3. But the Repuks insist on looking the other way at The Clinton Foundation
Please Hurry Up Mueller
erronis
(14,942 posts)9. Right. They'll open up an investigation on how this information was leaked to the fake-news media
After all, the pResident*'s personal media didn't cover it - it can't be REAL!
democratisphere
(17,235 posts)2. Looks like ANOTHER crime has just been committed.
lagomorph777
(30,613 posts)5. Did he think Mueller wouldn't notice?
What a fucking moron.
And he'll still owe Deutsche Bank $170 million, after deducting the $130 million we taxpayers are giving them.
RKP5637
(67,030 posts)4. "Dopey Don the Con" again! n/t
BSdetect
(8,989 posts)6. Incredible blatant crimes.
getagrip_already
(14,237 posts)7. clearly, it is all obama/clintons fault......
and he will have the doj investigate them to the full!
alwaysinasnit
(5,037 posts)8. Quid Pro Quo?
Thanks for this post. Sure smells fishy and maybe this might provide more ammo for Mueller (I hope).
Corgigal
(9,291 posts)10. And for part 2
The Trump family will go get tattoo's saying lock me up on their right arm.
Make it easier for Mueller's team.