- Nov 26, 2011
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Remember how Trump was going to undo all of Obama's policies?
Yeah, right.
In 2012, several banksterscolluded conspired to manipulate LIBOR and thus rip off every human being on the planet who borrows money.
If you read the find print on the back of your mortgage, the amount of interest you pay is determined by the London Interbank Offered Rate (LIBOR).
These pricks at Barclay’s, Citigroup, Deutsche Bank, JPMorgan Chase, and UBS Group ripped off millions of dollars, and fucked over god knows how many borrowers by manipulating LIBOR to their advantage.
This felonious behavior, by law, means these racketeering outfits are banned from managing anyone's retirement savings.
However, Obama gave them a one year waiver. Motherfucker.
Not to be outdone, when that waiver expired last month, Trump gave them a THREE YEAR waiver.
Trump Administration Waives Punishment For Convicted Banks, Including Deutsche — Which Trump Owes Millions
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.”
Yeah, right.
In 2012, several banksters
If you read the find print on the back of your mortgage, the amount of interest you pay is determined by the London Interbank Offered Rate (LIBOR).
These pricks at Barclay’s, Citigroup, Deutsche Bank, JPMorgan Chase, and UBS Group ripped off millions of dollars, and fucked over god knows how many borrowers by manipulating LIBOR to their advantage.
This felonious behavior, by law, means these racketeering outfits are banned from managing anyone's retirement savings.
However, Obama gave them a one year waiver. Motherfucker.
Not to be outdone, when that waiver expired last month, Trump gave them a THREE YEAR waiver.
Trump Administration Waives Punishment For Convicted Banks, Including Deutsche — Which Trump Owes Millions
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.”