Trump Waiving Punishment To Banks He Owes Money To | Soshal Network, Social Circle Connection

Trump Waiving Punishment To Banks He Owes Money To

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TYT contributor David Sirota tells you exactly how Trump is forgoing penalties for financial institutions that he owes loan to.

Find out more below:

" The Trump management has actually forgoed component of the punishment for five megabanks whose affiliates were convicted and penalizeded for manipulating international rate of interest. One of the Trump administration waivers was granted to Deutsche Financial institution– which is owed at the very least $130 million by President Donald Trump and also his company empire, and has actually additionally been fined for its function in a Russian cash laundering scheme.

The waivers were provided in a little-noticed announcement released in the Federal Register during the Xmas holiday week. They come much less than two years after then-candidate Trump assured "I'm not going to let Wall Street escape murder."

Under legislations created to shield retirement savings, financial firms whose associates have actually been convicted of breaking safeties statutes are effectively barred from the profitable company of managing those savings. Nonetheless, that punishment could be stayed clear of if the companies take care of to safeguard an unique exemption from the United States Department of Labor, allowing them to maintain their condition as "certified specialist property managers."

In late 2016, the Obama management prolonged short-lived one-year waivers to 5 financial institutions– Citigroup, JPMorgan, Barclays, UBS as well as Deutsche Financial Institution. Late last month, the Trump management released new, much longer waivers for those same banks, granting Citigroup, JPMorgan, as well as Barclays five-year exemptions. UBS and also Deutsche Financial institution obtained three-year exceptions."

Most likely to for initial coverage from The Young Turks.

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46 comments

  1. Posted by Gay Spooderman, at Reply

    Conservatives are the biggest cucks in America. They love whoring themselves out to their corporate overlords. There’s a reason they’re called cuckservatives.

    • Posted by Antonio Capone, at Reply

      Dragon1717 what does that even mean?

    • Posted by Vosges Ying, at Reply

      Praxis are you sure that wasn’t obama?

    • Posted by Praxis, at Reply

      Vosges Ying Trump screamed repeatedly about how terrible wall street, and immediately brought on Goldman Sachs executives once he got elected. You’ve been played, trumptard!

    • Posted by Vosges Ying, at Reply

      Praxis yeah I did by Obama – I didn’t vote for trump–>> OBAMA ADMINISTRATION: GOLDMAN SACHS FROM TOP TO BOTTOM
      MAY 15, 2010

    • Posted by Praxis, at Reply

      Vosges Ying was that supposed to be English? Get Rosetta stone and try writing a coherent sentence, you degenerate Russian troll.

  2. Posted by Charlemagne Emperor of The Romans, at Reply

    Trump did nothing wrong! Politicians do this sort of thing all the time.

    • Posted by Julie Ake, at Reply

      Charlemagne Emperor of The Romans This reads like desperate plea to voters. Lol you just forgot I swear and promise.

    • Posted by WiruSempai, at Reply

      Yes, you are right. Politicians do this all the time, it’s called corruption. Obama was corrupt, so is Trump. He ran on the premise that because he was a “billionaire” and a businessman he wouldn’t be able to be corrupted and he was going to drain the swamp. Well, he is just as corrupt if not more than all of his predecessors.

    • Posted by Praxis, at Reply

      Charlemagne Emperor of The Romans I thought Trump wasn’t a “typical” politician?? So much for that!

    • Posted by Grey Mouser, at Reply

      Google translate: (fingers in ears) ‘La, la, la, la, la….’

  3. Posted by Zone 9, at Reply

    That’s a conflict of interest.

    • Posted by Joseph Roman, at Reply

      Zone 9
      another conflict of interest.

  4. Posted by Misael Cifuentes, at Reply

    Trump is the least favorable president. Not even Melania likes him.

    • Posted by Numinous123, at Reply

      Mr. Guy. I’m guessing you’re being sarcastic. Not only do we know he cheated on his wife, even while she was pregnant, we know that he even paid off multiple porn stars so they could sleep with him and BADLY try to keep it secret.

    • Posted by marble hall Highbury grancanyon1970, at Reply

      Numinous123 agree with you and I think he was joking

    • Posted by Numinous123, at Reply

      Did you notice the literally FIRST WORDS in my comment? I said I thought he was being sarcastic.

    • Posted by marble hall Highbury grancanyon1970, at Reply

      Numinous123 my apologies 👍

    • Posted by DoraTheDownSyndrome, at Reply

      Mr Guy you’re dumb

  5. Posted by ISIS STATES OF AMERICA, at Reply

    From a CON-MAN to FRAUDULENT Banking Cartels! Trump is the Filth within the Swamp!

  6. Posted by Boricano 21, at Reply

    This is exactly why he ran for President

    • Posted by TheFuck6666, at Reply

      He’s doing exactly what he said he would. He’s giving the Republicans everthing they wanted. As soon as Obamacare is killed, Trump will be killed off by the GOP, because he’s done and they won’t need him anymore.

  7. Posted by Sandra Spengler, at Reply

    Drain the swamp and turn it into a shithole.

  8. Posted by dawkinsfan41, at Reply

    Don’t reply to trolls; it just encourages them.

  9. Posted by hellcat1988, at Reply

    You mean tramp is using his position to further his own interests and screwing over the overwhelming majority of americans? NA…

  10. Posted by #IAM KRATOM, at Reply

    I really wish people would have had there eyes open to who Trump really was and realize that he was lying about everything, it was so obvious he had Mega Issues just like Hillary and the rest of the crooked rich in power. We need to seriously support Grass Root Dems who refuse to take that crooked pact money so we can stop this bullshit once and for all.

    • Posted by AXIOM 16, at Reply

      Kitt Gagnon None You people are idiots.

    • Posted by Marc Touss, at Reply

      not enough Kitt.. not enough..

    • Posted by AXIOM 16, at Reply

      Marc Touss- You people are clueless

    • Posted by Bugman_oO, at Reply

      *Their

  11. Posted by Darkman J, at Reply

    Cenk begs his male employees to let him give’em head

  12. Posted by DM Tea, at Reply

    Is trump the king of the United States now? Where are the checks and balances?

  13. Posted by vincent vargas, at Reply

    Everyone knows we’ve got the father of all crooks in the white house, forget about crooked Hillary

  14. Posted by Hasan Yilmaz, at Reply

    how is Trump still not impeached?

    • Posted by R Taylor, at Reply

      The Republicans control both houses. As they have shown they will deny anything, even racism and comments that would get the rest of us arrested. They think it will play badly with those in their constituencies if they stand against him. See no evil, hear no evil, speak no evil. Until then 2018 elections and a possible shift to the Democrats. Then, in all probability nothing will happen, because politics.

    • Posted by Hasan Yilmaz, at Reply

      they need to get money out of politics and it will then make it easy to hold these politicians accountable red or blue is the same to me both are corrupt and guilty in there open prison

    • Posted by Marc Touss, at Reply

      because republicans thinks he’s stupid and think they can use him to pass whatever BS they want.. they dont realize that its because he’s stupid that they cant use him to pass whatever BS they want… because he will always torpedo them…classic catch 22..

    • Posted by Hasan Yilmaz, at Reply

      it’s unreal that the government ain’t collapse yet, I just hope a recession is not going to hit soon or it will be a major s’it-storm that will take decades to get over

    • Posted by DoraTheDownSyndrome, at Reply

      Hasan Yilmaz rich people 🙄

  15. Posted by Greg Raines, at Reply

    Trump is a crook enabled by angry old white men

  16. Posted by silvano novalis, at Reply

    America has morphed into a criminal enterprise led by the buffoon.

    • Posted by ryan mcburrows, at Reply

      silvano novalis to be fair I think it’s been a criminal enterprise for quite a while now… and yes it’s now led by a buffoon

    • Posted by Dragon1717, at Reply

      No criminality is present.

  17. Posted by Hell's Mouth, at Reply

    Isn’t this illegal?

    • Posted by Coy Hampton, at Reply

      For regular people, yes. America has a two-tiered justice system.

  18. Posted by It doesn't matter who we are, what matters is our plan., at Reply

    _”Someday, and that day may never come, I’ll call upon you to do a service for me.”_