As No One Watched, Trump Pardoned 5 Megabanks For Corruption Charges

a reply to: Gothmog


Why don't you wake up and see reality for what it is.

F___ Obama I denounced him as much I condemn Trump...

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.” 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.

a reply to: Xcalibur254

Just gave your thread a bump as the more people thatare aware of these shenanigans the better.

originally posted by: DBCowboy
a reply to: JinMI

Interesting, but bailing out/pardoning banks is a crappy thing to do.

Of course Obama gets a pass, but is that surprising?

Five year waiver DB, that's not right at all, especially after the Trump speel about going after the banks, not withstanding that. Trump owes DB a deal more than the $130million.

a reply to: JinMI

Force the banks to compensate those who would be affected by punishing them. My bet is that the banks are hoping for the sympathetic card in order to get out of being punished. "But people will lose everything if we are punished!" Well, make that part of the punishment then, make them compensate those who would be affected by their douchery.

I know that'll never happen in a million years because the banks own the law, but it's nice to think of such a scenario.

a reply to: Willtell

The article you've posted seems to lack sources for the pardons. On top of that, the information is not logical. See, pardons aren't temporary so this idea that he pardoned the banks is at odds with granting a "five year exemption" and "three year exemption". Exemption from what? Paying it immediately? That's all I can figure, but that's not a very good headline and a much less "evil bad guy" headline:
"Trump grants extension for banks to pay fines" doesn't ring the liberal bells like "trump pardoned banks for corruption".

The more I read of this article, the more it reads as fake news. I mean they use a quote on trump taxing wall street to claim he said he was going "stand up to wall street and hold them accountable."

Unfortunately for the OP common sense dictates that under any actual scrutiny, this whole article falls apart. Why? Well, if the MSM could prove trump did something that would be this unpopular (and it would be hugely unpopular) and wrong, we wouldn't hear the end of it for at least a few months. Instead we have this article on "activist post" and another on some random blog. Not even a huffpo article.

ETA:
Trump didn't do this lol, the bureaucracy did it. The banks used their recourse options and someone at EBSA granted it. Oh the irony!

a reply to: 3NL1GHT3N3D1

The best 'punishment' possible it to rollback the Graham Leach Bliley Act and reinstate Glass Steagall as originally written. I think some of the people who originally supported Trump thought he might do that, because they talked about it. But once he surround himself with GS cabinet members that hope disappeared.

Obama was nothing but a mild mannered Trump.

Though he was better than Trump, which is no big thing!

originally posted by: smurfy

originally posted by: DBCowboy
a reply to: JinMI

Interesting, but bailing out/pardoning banks is a crappy thing to do.

Of course Obama gets a pass, but is that surprising?

Five year waiver DB, that's not right at all.

Jesus Christ!

Does everyone here have a reading comprehension problem?

Where is the f### did I ever defend it or even marginalize it?

I think giving banks a pass is wrong.

It was wrong when Bush did it.
It was wrong when Obama did it.
It was wrong when Trump did it.

I have always been consistent in this.

Yet people will marginalize or even excuse Obama, which I find hypocritical!

a reply to: smurfy

Trump owes DB a deal more than the $130million.

Not anymore I'm guessing.

a reply to: DBCowboy

Where is the f### did I ever defend it or even marginalize it?

You didn't. It would be the only way for this to be political by someone doing as much.

So that would make this not a partisan issue? Crazy thought.

a reply to: DBCowboy

Most leftists have major reading comprehension problems. I think it's that they read with their heart and not their minds. That's why they don't understand the meanings of words.

originally posted by: DBCowboy

originally posted by: smurfy

originally posted by: DBCowboy
a reply to: JinMI

Interesting, but bailing out/pardoning banks is a crappy thing to do.

Of course Obama gets a pass, but is that surprising?

Five year waiver DB, that's not right at all.

Jesus Christ!

Does everyone here have a reading comprehension problem?

Where is the f### did I ever defend it or even marginalize it?

I think giving banks a pass is wrong.

It was wrong when Bush did it.
It was wrong when Obama did it.
It was wrong when Trump did it.

I have always been consistent in this.

Yet people will marginalize or even excuse Obama, which I find hypocritical!

There you go sticking up for Trump again.


/sarc

a reply to: seasonal

Here's the guy that granted the three and five year exemptions and I have to say, those of you against this are obviously racists. You're just accusing him of corruption because he comes from a s***hole country.

a reply to: Willtell

And nobody seems to be watching or caring when he instructs his lawyer to write a $130,000 cheque to a porno star. This must be an alternative reality.

a reply to: InTheLight

Did he use his own money? Asking for a friend in congress.

originally posted by: Dfairlite
a reply to: InTheLight

Did he use his own money? Asking for a friend in congress.

Guilty by association.

a reply to: DBCowboy

That is an exemption.. not a pardon..

Massive difference..

a reply to: JoshuaCox

Trump issued zero pardons to banks. Read the article, the headline doesn't match the content.

a reply to: Dfairlite

Fair enough.