Trump waives criminal punishments for convicted banks, including Deutsche Bank, to whom he owes $130,000,000-$300,000,000On January 10, 2018 by Kenna
The Trump Administration just published a small notice in the Federal Register announcing that it would waive the outstanding criminal sanctions against some of the world’s largest banks, Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank.
Donald Trump owes Deutsche Bank at least $120,000,000 (and as much as $300,000,000) which the bank loaned him after he defaulted on a $640,000,000 loan they extended to him, and then sued the bank for $3,000,000,000 for its role in the 2008 crisis, on which he blamed his default.
All told, Deutsche Bank and its co-lenders have given the Trump Organization over $2.5B in loads.
The Obama administration — whose official policy was to never jail bankers regardless of their wrongdoing and the harm it caused — had already given waivers to all the affected banks. The Trump administration has extended those waivers for years more.
All five of the banks granted waivers from the Obama and Trump administration were fined for their involvement in the LIBOR scandal that led to $9 billion worth of fines from regulators around the world. Deutsche Bank has paid $3.5 billion for its role in the scandal, more than any other bank. The scandal involved illegally manipulating the London Interbank Offered Rate or LIBOR, which is used to set the cost of borrowing for a variety of financial transactions.
In 2015, Deutsche Bank pled guilty in the U.S. to wire fraud for its role in the scandal. Less than two years later, in the final hours of the Obama administration, Deutsche Bank agreed to a $7.2 billion settlement with the Justice Department for misleading investors in mortgage-backed securities between 2006 and 2007.
Trump Administration Waives Punishment For Convicted Banks, Including Deutsche — Which Trump Owes Millions [David Sirota and Josh Keefe/International Business Times]
(Image: Trump’s Hair)
via Naked Capitalism)
finance,banksters,impunity,fraud,guillotine watch,libor,corruption,trumpism,filling the swamp,deutsche bank,thanks obama tough-on-some-crime
Since the 1970s, spy agencies have been feeding police forces tips about who to arrest and where to look for evidence, despite the illegality of their practicing surveillance within the USA.
CTA Chairman Gary Shapiro: “We look forward to our next opportunity to host a technology policy discussion with him before a public audience.”
For months, Japan’s much-vaunted manufacturing sector has been wracked by scandal after scandal, as the country’s biggest corporations admit to decades of systematic fraud that started in the boardroom and went to the factory floor, with scandals hitting “Nissan Motor, Subaru, Toray Industries, Kobe Steel and Mitsubishi Materials” among others.
Whether conventional keyboards don’t really work for you, or spelling is the bane of your workday, Dragon NaturallySpeaking 13 gives your computer powerful voice dictation abilities. We’ve got the basic version in the Boing Boing Store for $19.99. This software works on Windows 7 or higher to provide speech recognition with up to 99% accuracy. […]