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Draining the swamp … right into his own coffers

It’s good to have the President of the United States owe you millions of dollars.

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.”

The article correctly points out that the Obama Administration issued similar waivers — though it’s worth noting that Trump has issued them for three years, rather than one, and, again, one of the beneficiaries is a bank that Trump owes at least $130M, and possibly as much as $300M.




Trump Administration Waives Punishment For Convicted Banks, Including Deutsche — Which Trump Owes Millions
President Donald Trump owes millions to Deutsche Bank, which was one of five convicted banks that just saw its punishment waived by the Labor Department.

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21 thoughts on “Draining the swamp … right into his own coffers”

  1. +Lauchlin MacGregor okay 😂😂😂 well I can now see where here what this is and I was truly hoping it wasn't the case. But your that one tenth of a precent of the that thirty something they call the base that has the ability to to form sentences. Where I wish I had paid more attention so I could have dumbed down my conversation

  2. +Lauchlin MacGregor and I just refinanced at 3.8% what difference does that make as well … were you to serve two terms as POTUS I'm sure there would all kind's of institutions lined up to offer you the best deal. Once again your comparing a waiver of PENALTIES to privileges. Now don't get me wrong if because and I still can't see it but it had to be true that there were that many … anyway him and that bank being of the same elk and lending to him … membership has privilege … just what is your association

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