Wednesday, November 16, 2016

Trump Presidency Could Be Worth $14 Billion to His Troubled Lender

https://theintercept.com/2016/11/10/trump-presidency-could-be-worth-14-billion-to-his-troubled-lender/
"DONALD TRUMP’S ELECTION has likely given a massive lifeline to Deutsche Bank, the German financial firm that has been rocked recently by rumors that they would have to pay a $14 billion fine to the Justice Department over crisis-related mortgage abuses. That money is unlikely to ever be imposed, now that one of Deutsche Bank’s biggest borrowers – Trump – will soon be sitting in the White House. That conflict of interest is one of the innumerable ones facing Trump as he leaves his life of grifting behind and becomes the nation’s chief executive."