Reich writes: "The Trump administration has granted a waiver to Deutsche Bank following federal criminal charges for manipulating interest rates."
Robert Reich. (photo: Getty)
Trump Is Giving Wall Street a Free Pass for Its Financial Crimes
16 January 18
he Trump administration has granted a waiver to Deutsche Bank following federal criminal charges for manipulating interest rates. Under the special exemption issued by the Department of Labor, the bank, which Trump personally owes an estimated $130 million, will still be allowed to continue to manage retirement accounts. Remember, Deutsche is the only financial institution that would lend to Trump after his multiple bankruptcies.
Once again, Trump has given Wall Street a free pass for financial crimes. His economic promises on the campaign trail to rein in corporate elites was one of the biggest bait-and-switches in modern American politics. Trump's conflicts of interests now hang over virtually every government decision, further undermining the public's trust in our institutions.
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Most of the charges are not much more and failures to communicate. Mueller says Manafort did not properly report things he did or money he moved from overseas work to the US. So just re-file the reports. Happens all the time.
This is a pretty weak start. Nothing that happened that this indictemnt refers to involves a real crime. The "conspiracy agqinst the US" is an admission that no crime took place. Conspiracy means two or more people appeared discuss a crime and made some sort of action in the direction of the crime but actually doing the crime is not part of it.
We have not heard the last from Mueller. He's off to a weak start. We just have wait to see his next move.