While No One Paid Attention, Trump Pardoned 5 Megabanks For Corruption Charges—Who He Owes Millions
Donald Trump has fooled Americans once again. During the holidays while everyone celebrated with their families, Trump decided to take advantage of his presidency for his own benefit. He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them.
According to the Federal Register, Trump issued waivers during the week of Christmas to Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank—all megabanks facing charges of fraud and corruption.
Deutsche Bank is the most notable of the five as Trump has been using their service since the 1990s. According to Financial Times, Trump owes the bank at least $130 million in outstanding loans secured in properties in Miami, Chicago, and Washington. But the report claims that the actual number is much larger at $300 million.
Many people feared Trump would be using his presidency to benefit his business, which is a huge conflict of interest. It is now becoming much clearer that Trump is using the presidency for his own benefit.
Trump fooled everyone with false campaign promises, one being that he would “drain the swamp.” He said during his campaign:
“I’m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We’re going to tax Wall Street.”
It now seems that that was another major lie. Trump is using the presidency to stuff his pockets.