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

This article was written by Rachel Blevins and originally published at The Free Thought Project

While Americans celebrated the holidays, President Trump followed in the footsteps of his predecessors by acting in the interest of Wall Street and using the distraction to do something that was not in the best interest of the American people. 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.

There have been concerns about Trump’s ties to the bank becoming a conflict of interest, dating back to the 2016 election, and the evidence to support those concerns is now becoming clear.

During the week of Christmas, the Federal Register announced that the Trump Administration had issued waivers to Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank—all megabanks facing charges of fraud and corruption.

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.

Then in June 2017, Deutsche Bank trader David Liew, who is based in Singapore, pleaded guilty to conspiring to spoof gold, silver, platinum and palladium futures in federal court in Chicago, confirming that the biggest banks in the world have conspired to rig precious metals markets.

While Trump granted 5-year exemptions to Citigroup, JPMorgan, and Barclays, and 3-year exemptions to UBS and Deutsche Bank, it should be noted that his administration is not the only one to have done this. As International Business Times noted, “In late 2016, the Obama administration extended temporary one-year waivers to five banks,” which just happened to be the same ones Trump has now extended the exemptions on—revealing the real rulers in DC.

Not surprisingly, the latest decision to pardon the banks comes in stark contrast to one of Trump’s most applauded campaign promises—that he would finally stand up against Wall Street and demand that the most powerful banks be held accountable to the public.

“I’m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We’re going to tax Wall Street,” Trump said during a campaign rally in January 2016.

 

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mr
written by niall mulvany , January 13, 2018

typical I owe a few hundred to airtricity who want to cut me off in winter and he pardons these white collar thieving creeps who stole millions from ordinary folk
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beware
written by 24/7_michel , January 13, 2018

do never forget who makes it possible for the banksters to roby the folk!

it's ALWAYS the home of ALL terror: the state with it's puppets!

and who are the responsibles that these puppets do what they do?
correct, the dump sheeples who on the one hand almost believe in this fiction theater and on the other, it's easier to act irresponsible....

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9/11 was a InsideJob!
written by straben , January 21, 2018

what a Joke Drain the the swamp is now a Lie scam!
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...
written by Cyndy B , January 23, 2018

Judicial Watch reported that the Obama administration would issue a lawsuit against big business, mostly big banks, and then settle the case for less IF the humongous amount was then donated to a liberal cause......and only a liberal cause. And they did.
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The Illuminati Are About To Make Their Final Move. (2018 ...
written by Gold Silver Copper Oil Standard , January 29, 2018

FEATURE: 'The Illuminati Are About To Make Their Final Move. (2018 ...
Video for illuminati final move 2018 2019
▶ 37:00
https://www.youtube.com/watch?v=K9lnYctmcZ Nice link to a 9/11 was a inside job!

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