Re: Trump pardons bankers?
Quote:
During the week of Christmas, the Federal Register
announced that the Trump Administration had issued waivers to Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank—all megabanks facing charges of fraud and corruption.
The banks were involved in the LIBOR Scandal, in which they
colluded to deliberately depress the rate at which they paid out on investments. By suppressing the London Interbank Offered Rate (LIBOR) at the beginning of an economic crisis in 2007, the megabanks were able to boost their earnings and to give their customers a false sense of security.
I would guess that the banks were running it at the behest of fedgov and the Fed. Trump is just concealing it.
Re: Trump pardons bankers?
Prolly a boost to the son in laws credit rating also.
How long ago was that Libor Scandal anyway? They bury it for like 8 years?