Reich writes: "The Trump administration has granted a waiver to Deutsche Bank following federal criminal charges for manipulating interest rates."
Robert Reich. (photo: Getty)
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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