News Before It's News
About us | Ocnus? |

Front Page 
 Dark Side
 Defence & Arms
 Light Side

Dysfunctions Last Updated: Jan 14, 2018 - 9:58:08 AM

Trump waives criminal sanctions against major banks, including one to which he owes millions
By Undernews, January 10, 2018
Jan 14, 2018 - 9:57:10 AM

Email this article
 Printer friendly page

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.

The banks were facing sanctions stemming from a variety of wrongdoing, including the trillions' worth of fraud in the LIBOR scandal, and Deutsche Bank's role in laundering $10B for Russian oligarchs.

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 loans.

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.

Source:Ocnus.net 2017

Top of Page

Latest Headlines
Erdogan's Unrequited Arab Love
Russia planted sabotage-enabling malware in U.S. energy grid, other critical infrastructure
With Tillerson Out, Trumpís Bringing Foreign Policy Deeper Into the Dark Side
Russiaís Multi-Front Campaign in Ukraine
The Secretary-General's Meteoric Rise
Is This The End Of The Road For Benjamin Netanyahu?
Turkish Cypriots threaten to drill for gas without talks
Assassinations mount as Iranian Kurdish militants clash with Tehran
Mueller gathers evidence that 2017 Seychelles meeting was effort to establish back channel to Kremlin