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More Of The Same: President Trump Just Pardoned 5 Mega-Banks Facing Charges For Fraud & Corruption

President Trump has reportedly “pardoned” 5 mega-banks, undoing any punishments for fraud and corruption—extending a trend put in place by Barack Obama.

Some are concerned the President’s latest action indicates his loyalty to banksters, though as International Business Times pointed out, “In late 2016, the Obama administration extended temporary one-year waivers to five banks.”

Trump’s latest policies have even angered even his own supporters, with some theorizing possible collusion or that the whole thing could be a scheme to bail himself out of $300,000,000 in loans he owes to Deutsche Bank.

The Free Thought Project reported:

“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, a source told the Times that the actual number is likely much larger at $300 million.”

Trump is also alleged to have obtained a least $2.5 billion in loans from Deutsche bank, over the course of 20 years.

Deutsche is said to have been the only bank that was prepared to offer Trump loans, after his companies were faced with many bankruptcies.

President Trump’s administration has supposed issued waivers to the following banks, “Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank—all megabanks facing charges of fraud and corruption.”

All of these banks were involved in the LIBOR scandal (London Interbank Offered Rate), back in 2007.

The Deutsche Bank had plead guilty to fraud in court in 2015.
As Justice.gov documented:
“On April 23, 2015, DB Group Services (UK) Limited, a wholly owned subsidiary of Deutsche Bank AG (Deutsche Bank), was charged with and pleaded guilty before a magistrate judge to wire fraud for its role in manipulating the London Interbank Offered Rate (LIBOR), a leading benchmark interest rate used in financial products and transactions around the world. “
Although Trump’s latest policy seems to contradict his promise of holding Wall Street accountable for their corruption, it’s important to note that it may just be a temporary extension of a preexisting Obama-era policy, and does not necessarily reflect future actions.
Trump stated back in January 2016 during a campaign rally, “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.”

 WATCH “Are Trump’s Ties To Big Banks A Larger Danger To Democracy?”:

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