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( Trump) He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them. Trump has been using Deutsche Bank since the 1990s, and Financial Times has reported that he now owes the bank at least $130 million in outstanding loans secured in properties in Miami, Chicago, and Washington. However, the report claimed that the actual number is likely much larger at $300 million. Reports claimed that Deutsche was the only bank willing to lend Trump money after his companies faced multiple bankruptcies. The relationship has continued over the years, and an analysis from the Wall Street Journal claimed that Trump has received at least $2.5 billion in loans from Deutsche Bank over the last 20 years.
The banks were involved in the LIBOR Scandal, in which they colluded to deliberately depress the rate at which they paid out on investments. By suppressing the London Interbank Offered Rate (LIBOR) at the beginning of an economic crisis in 2007, the megabanks were able to boost their earnings and to give their customers a false sense of security. Deutsche Bank pled guilty to wire fraud in a U.S. court in 2015, and it went on to pay $3.5 billion for its role in the LIBOR scandal—more than any other bank involved—before it reached a $7.2 billion settlement with the Justice Department in early 2017.
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.
originally posted by: Willtell
originally posted by: DBCowboy
a reply to: Willtell
That's pretty damned sleazy.
I'd think it would be illegal, since he owed the banks money.
You know DB of all the Trump cultists you may be the only one saved from the fire
originally posted by: Willtell
Trump is the most corrupt president in the history of America and it will get worse as he does crazy things like call non white countries sh__ holes and makes the press obsesses over that and then turns around and does things like this.
originally posted by: Willtell
Then he pays a PORN STAR big cash as he at the same time distracts the people with a racist scandal to hide that political crime.
Trump is so corrupt that he probably deliberately does these things to hide his main corrupt actions that ALWAYS seem to help the rich.
He doesn’t care about being known as a racist, when that serves to cover up to the sheep his actions that directly aid the oligarchs
LINK